M Options History — June 2019

In June 2019, M traded between $20.45 and $22.34. ATM implied volatility averaged 33.7%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 2.6% (HV 20d: 31.1%). Max pain ranged from $20.50 to $21.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-06-06: Highest Volume — 41,576 contracts
  • 2019-06-04: Largest IV drop — 6.8% change
  • 2019-06-03: Highest IV Rank — 18.4%
  • 2019-06-03: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.53$20.45$22.34$21.12$21.55
Max Pain$21.02$20.50$21.50$20.50$21.50
ATM IV33.7%32.7%35.2%35.2%33.3%
Expected Move9.7%9.3%10.6%10.6%9.3%
HV 20d31.1%24.4%35.5%24.4%35.1%
HV 60d28.7%26.6%29.8%26.7%29.8%
IV Rank13.5%10.1%18.4%18.4%12.0%
IV Percentile24.6%14.7%36.5%36.5%21.4%
Term Structure0.2%-1.3%1.7%0.0%1.7%
VWIV34.2%32.4%38.3%38.3%32.4%
Skew 25d3.5%2.5%4.7%4.7%2.7%
Skew 10d7.0%5.6%8.5%8.0%5.6%
Call IV 25d32.6%31.5%34.1%33.4%32.4%
Put IV 25d36.0%34.4%38.1%38.1%35.1%
Bid-Ask Spread %2.892.363.653.082.89
Gamma HHI0.180.110.680.140.68
Net GEX452.0K-19.0M5.6M-564.3K-19.0M
Net DEX46.2M-15.4M121.0M76.2M43.7M
Net VEX-1.3M-1.3M-1.1M-1.2M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.212.350.290.81
Total Volume25,21913,45741,57629,50515,592
Total OI354,074.9311,185381,474345,385352,300

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$21.12$20.5035.2%10.6%24.4%18.4%38.3%4.7%0.0%-564.3K76.2M-1.2M0.293.08N/AN/A22,9046,601164,899180,486
2019-06-04$21.45$21.0032.8%9.8%25.4%10.5%35.5%3.8%-0.1%559.8K59.8M-1.2M0.372.59N/AN/A12,0794,452165,265182,589
2019-06-05$21.05$21.0033.6%10.0%25.1%13.0%35.1%3.7%0.0%-479.9K85.7M-1.2M0.712.66N/AN/A7,8735,584168,913182,766
2019-06-06$20.52$21.0035.0%9.8%26.2%17.8%35.1%3.5%-0.1%-2.5M120.5M-1.1M0.492.98N/AN/A27,82213,754171,252184,417
2019-06-07$20.45$21.0033.0%9.7%26.1%11.1%33.3%3.7%-0.0%-2.8M121.0M-1.1M0.453.19N/AN/A17,8348,070182,848188,828
2019-06-10$21.62$21.0033.5%9.3%33.7%12.9%33.0%3.8%-1.3%660.8K42.6M-1.2M0.212.91N/AN/A31,3276,467170,332182,217
2019-06-11$21.88$21.0033.1%9.4%31.0%11.4%34.2%3.5%-0.1%2.0M22.0M-1.3M0.282.96N/AN/A17,5404,846182,888183,462
2019-06-12$21.39$21.0033.7%9.8%31.8%13.5%33.9%2.8%0.3%579.6K57.2M-1.2M0.513.51N/AN/A18,5129,500177,878184,521
2019-06-13$21.70$21.0034.3%9.7%32.2%15.3%34.5%3.5%0.5%3.3M29.3M-1.3M0.892.89N/AN/A14,60313,055173,355189,121
2019-06-14$21.48$21.0034.0%10.0%32.2%14.5%34.7%4.0%1.3%2.0M47.2M-1.3M1.342.46N/AN/A12,17816,320175,232194,351
2019-06-17$21.81$21.0033.9%9.7%32.2%14.1%34.5%4.2%-0.4%2.0M29.5M-1.3M0.902.46N/AN/A12,09210,845168,216195,794
2019-06-18$21.88$21.0033.1%9.5%31.9%11.4%32.8%3.6%-0.2%3.0M23.2M-1.3M0.903.22N/AN/A9,7758,776174,542194,126
2019-06-19$22.20$21.0033.5%9.6%32.1%12.7%33.6%3.3%-0.2%3.9M3.7M-1.3M0.753.65N/AN/A18,33513,712175,427195,344
2019-06-20$21.93$21.0033.1%9.5%32.5%11.5%33.2%3.3%0.6%4.2M19.5M-1.3M1.442.36N/AN/A10,10014,497177,599195,540
2019-06-21$22.34$21.0032.7%9.4%31.6%10.1%33.1%2.8%-0.3%5.6M-15.4M-1.3M0.762.98N/AN/A16,43812,520181,212200,262
2019-06-24$21.73$21.0034.0%9.7%33.1%14.5%33.5%3.5%0.1%1.6M34.1M-1.3M0.472.92N/AN/A10,5944,983154,424156,761
2019-06-25$21.24$21.0034.9%10.1%34.2%17.5%34.8%3.2%0.1%922.4K57.8M-1.2M0.322.57N/AN/A18,2655,931159,311158,546
2019-06-26$21.79$21.0033.4%9.7%35.3%12.5%34.3%2.5%0.9%2.6M20.8M-1.3M0.622.93N/AN/A9,0865,654167,851160,758
2019-06-27$21.46$21.5034.5%9.7%35.5%16.0%33.6%3.2%1.3%1.6M45.2M-1.3M2.352.52N/AN/A10,69525,169166,370161,495
2019-06-28$21.55$21.5033.3%9.3%35.1%12.0%32.4%2.7%1.7%-19.0M43.7M-1.3M0.812.89N/AN/A8,6076,985170,540181,760