M Options History — October 2018

In October 2018, M traded between $31.79 and $35.57. ATM implied volatility averaged 46.4%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 16.7% (HV 20d: 29.7%). Max pain ranged from $34.00 to $36.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.47.

Notable Days

  • 2018-10-17: Highest Volume — 205,914 contracts
  • 2018-10-11: Largest IV spike — 19.1% change
  • 2018-10-29: Highest IV Rank — 78.6%
  • 2018-10-31: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.15$31.79$35.57$34.67$34.57
Max Pain$34.93$34.00$36.00$36.00$35.00
ATM IV46.4%30.7%59.8%30.7%57.4%
Expected Move15.1%8.7%20.0%8.7%20.0%
HV 20d29.7%21.9%39.2%21.9%39.2%
HV 60d45.5%44.3%47.5%44.3%47.5%
IV Rank43.7%2.7%78.6%2.7%72.4%
IV Percentile62.0%0.8%98.0%0.8%96.0%
Term Structure1.2%-5.0%14.2%0.9%-3.1%
VWIV53.2%30.3%70.0%30.3%70.0%
Skew 25d4.6%2.1%6.3%2.5%6.3%
Skew 10d9.1%4.6%15.0%4.7%11.8%
Call IV 25d44.4%29.7%56.0%29.7%54.6%
Put IV 25d49.0%32.3%61.9%32.3%60.9%
Bid-Ask Spread %7.472.8215.892.858.34
Gamma HHI0.140.090.220.120.13
Net GEX-3.8M-7.4M2.8M-3.9M2.8M
Net DEX89.1M-136.7M204.7M33.1M-50.6M
Net VEX-1.7M-1.9M-1.6M-1.7M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.6311.670.800.85
Total Volume46,153.43520,555205,91420,55537,251
Total OI495,941.435432,312559,313432,312551,041

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$34.67$36.0030.7%8.7%21.9%2.7%30.3%2.5%0.9%-3.9M33.1M-1.7M0.802.85N/AN/A11,3989,157138,954293,358
2018-10-02$33.17$35.5032.8%9.5%26.5%8.2%32.9%2.4%0.0%-5.7M119.5M-1.7M0.694.51N/AN/A23,07815,862143,291296,383
2018-10-03$33.42$35.0032.3%9.1%26.5%6.8%32.1%2.1%0.7%-5.9M109.8M-1.7M0.655.72N/AN/A15,43910,007147,737300,373
2018-10-04$32.77$36.0034.0%13.3%27.0%11.2%46.0%2.6%0.6%-5.7M145.8M-1.7M0.8711.94N/AN/A13,16411,473151,278301,817
2018-10-05$32.85$36.0034.6%13.4%27.0%12.9%46.3%3.1%0.4%-4.6M141.9M-1.7M0.952.82N/AN/A15,45414,684153,450303,568
2018-10-08$33.19$35.0035.0%13.8%27.1%13.9%47.6%3.6%14.2%-6.1M119.6M-1.7M0.839.09N/AN/A13,33811,126146,318303,372
2018-10-09$33.04$35.0035.0%13.9%26.3%14.0%48.7%3.0%13.5%-5.9M124.1M-1.7M3.713.17N/AN/A16,29160,481150,026304,330
2018-10-10$32.81$35.0037.1%14.6%26.3%19.5%52.7%3.2%13.7%-7.4M170.4M-1.8M1.129.43N/AN/A16,71218,699154,595334,438
2018-10-11$32.33$35.0044.2%15.3%26.1%38.0%53.4%5.6%12.0%-6.0M167.6M-1.7M1.0712.94N/AN/A20,00721,404156,547317,961
2018-10-12$33.33$35.0043.3%14.8%28.1%35.7%52.0%6.3%13.4%-4.9M87.5M-1.7M0.875.67N/AN/A19,47216,935162,264319,248
2018-10-15$33.64$35.0048.4%14.6%26.6%48.8%51.6%5.1%-2.1%-5.1M73.1M-1.7M0.753.51N/AN/A14,10610,635157,733315,521
2018-10-16$33.45$35.0048.4%14.3%26.0%48.9%48.7%4.8%-3.4%-5.2M88.0M-1.6M0.636.56N/AN/A21,48113,619160,876316,541
2018-10-17$31.79$35.0053.6%15.4%31.0%62.5%54.8%5.3%-3.8%-7.4M204.7M-1.6M1.938.85N/AN/A70,169135,745162,836319,997
2018-10-18$32.35$35.0054.2%15.8%31.9%64.1%55.9%5.0%-5.0%-3.6M125.0M-1.8M0.736.17N/AN/A25,94118,825207,948349,955
2018-10-19$32.21$35.0052.6%15.4%31.3%59.9%53.2%4.7%-3.5%-4.0M150.9M-1.8M0.772.99N/AN/A16,88913,027200,558358,755
2018-10-22$32.98$35.0053.0%16.3%32.4%60.8%56.5%5.5%-2.5%-1.4M50.2M-1.8M0.725.27N/AN/A16,83512,085169,992339,514
2018-10-23$32.53$35.0054.6%16.7%32.5%65.1%58.6%5.7%-2.7%-2.4M89.2M-1.8M0.6915.89N/AN/A17,35411,983175,046342,892
2018-10-24$32.80$34.0055.4%17.4%32.0%67.1%64.4%5.8%-2.9%-1.1M55.4M-1.8M11.6712.47N/AN/A11,191130,588181,420346,309
2018-10-25$33.07$34.0055.4%17.8%31.8%67.2%63.4%5.6%-3.5%-1.1M48.2M-1.9M0.956.73N/AN/A14,19913,515182,757363,257
2018-10-26$32.34$34.0057.6%18.4%32.3%72.9%64.6%5.9%-3.3%-4.4M115.1M-1.8M0.6511.38N/AN/A16,17810,488184,989364,452
2018-10-29$33.59$34.0059.8%20.0%35.5%78.6%69.1%5.7%-3.1%-529.2K17.7M-1.8M0.6710.17N/AN/A22,44115,103173,638360,217
2018-10-30$35.57$34.0057.9%19.8%37.6%73.8%69.7%5.9%-2.9%2.8M-136.7M-1.7M1.225.35N/AN/A17,00320,697176,882364,219
2018-10-31$34.57$35.0057.4%20.0%39.2%72.4%70.0%6.3%-3.1%2.8M-50.6M-1.8M0.858.34N/AN/A20,15917,092180,169370,872