M Options History — August 2019

In August 2019, M traded between $14.32 and $21.31. ATM implied volatility averaged 47.5%, placing in the 59.2% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded below realized volatility by 0.4% (HV 20d: 47.9%). Max pain ranged from $17.00 to $22.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2019-08-14: Highest Volume — 184,799 contracts
  • 2019-08-14: Largest IV drop — 12.1% change
  • 2019-08-12: Highest IV Rank — 91.0%
  • 2019-08-02: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.42$14.32$21.31$21.29$14.80
Max Pain$19.43$17.00$22.00$22.00$17.00
ATM IV47.5%37.9%57.0%51.5%39.5%
Expected Move13.6%10.9%18.9%18.8%11.7%
HV 20d47.9%36.4%58.2%37.1%52.6%
HV 60d38.4%31.3%43.5%31.9%43.3%
IV Rank59.2%27.4%91.0%72.6%32.6%
IV Percentile70.5%46.4%97.2%84.1%46.8%
Term Structure-1.3%-5.2%1.9%-3.2%0.4%
VWIV46.7%37.9%65.7%64.9%40.7%
Skew 25d5.9%3.8%8.6%5.0%5.7%
Skew 10d10.1%0.5%14.1%11.7%8.0%
Call IV 25d44.2%34.9%52.3%49.7%37.5%
Put IV 25d50.1%41.1%59.6%54.7%43.2%
Bid-Ask Spread %6.682.4213.619.132.69
Gamma HHI0.160.080.570.160.08
Net GEX-441.2K-3.2M1.5M1.2M49.0K
Net DEX140.1M49.9M222.7M53.6M154.1M
Net VEX-867.5K-1.3M-568.6K-1.3M-629.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.311.190.620.70
Total Volume39,597.31813,720184,79920,27427,360
Total OI398,770.227357,508466,765375,764418,858

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$21.29$22.0051.5%18.8%37.1%72.6%64.9%5.0%-3.2%1.2M53.6M-1.3M0.629.13N/AN/A12,4907,784195,577180,187
2019-08-02$21.31$22.0052.1%18.9%36.4%74.4%65.7%4.8%-3.4%1.5M49.9M-1.3M0.4213.61N/AN/A15,2056,348199,315182,274
2019-08-05$20.72$22.0056.3%14.6%37.7%88.5%51.2%6.0%-0.1%511.6K73.4M-1.2M0.468.42N/AN/A32,55515,110190,425179,960
2019-08-06$20.78$21.0054.3%14.3%37.4%81.8%48.7%6.0%-1.1%1.0M63.4M-1.3M0.555.49N/AN/A8,8574,863203,071186,192
2019-08-07$20.56$21.0054.9%14.6%37.5%83.9%51.9%6.2%-0.6%967.4K76.0M-1.2M0.439.33N/AN/A12,9555,535207,176187,607
2019-08-08$20.44$21.0053.1%14.4%37.3%78.0%48.4%5.6%-0.7%726.6K85.2M-1.2M1.085.63N/AN/A7,8368,486208,866188,611
2019-08-09$19.51$21.0055.1%14.3%39.1%84.7%49.8%5.9%0.9%-134.3K139.0M-1.1M0.723.94N/AN/A17,31112,428210,948192,880
2019-08-12$19.26$21.0057.0%15.3%39.0%91.0%51.5%7.2%-5.2%-16.5K130.1M-1.0M0.695.93N/AN/A17,99312,476207,002186,178
2019-08-13$19.27$21.0054.7%15.0%39.0%83.3%50.1%7.0%-1.4%-32.0K130.7M-1.1M0.779.78N/AN/A32,34724,993215,064192,692
2019-08-14$17.04$21.0048.1%13.5%56.7%61.3%47.8%6.5%0.4%-2.3M222.7M-796.3K0.7710.50N/AN/A104,69580,104231,964208,254
2019-08-15$16.15$20.0047.7%13.1%58.2%60.0%45.2%5.4%-3.9%-1.2M215.5M-718.5K1.124.66N/AN/A28,45831,876239,585213,146
2019-08-16$16.01$19.0043.1%12.2%56.6%44.8%40.5%6.7%-2.5%-3.0M211.8M-678.0K0.8312.81N/AN/A17,69314,753249,076217,689
2019-08-19$16.14$19.0040.3%11.4%57.1%35.3%38.6%6.1%0.3%-668.7K150.1M-685.0K0.5712.88N/AN/A21,94212,413181,335176,173
2019-08-20$15.44$18.0042.3%12.0%55.9%41.9%39.8%7.0%-2.2%-1.4M171.2M-598.3K1.134.92N/AN/A20,64123,317193,181182,050
2019-08-21$15.44$18.0040.8%11.7%53.1%37.0%38.1%5.1%-3.9%-1.7M171.9M-613.0K0.473.54N/AN/A22,30910,534203,582192,109
2019-08-22$15.62$18.0037.9%10.9%54.2%27.4%37.9%6.2%1.9%-822.8K158.8M-666.5K0.764.57N/AN/A15,17311,523211,654190,933
2019-08-23$14.93$17.5042.1%12.2%54.1%41.3%42.4%8.6%-0.7%-3.2M180.0M-598.9K1.196.93N/AN/A18,41121,961214,812187,396
2019-08-26$14.73$17.0043.6%12.6%54.0%46.2%42.4%5.0%-1.3%-916.9K168.0M-588.7K0.313.30N/AN/A11,0983,397184,636179,617
2019-08-27$14.32$17.0043.5%12.6%53.9%45.9%44.9%4.7%-0.7%-599.9K171.1M-568.6K0.792.42N/AN/A20,59916,366196,168182,184
2019-08-28$14.61$17.0045.2%13.2%54.1%51.5%45.0%4.6%-1.2%-186.3K159.3M-621.8K0.433.42N/AN/A38,57016,607206,789188,238
2019-08-29$14.93$17.0041.5%11.9%52.9%39.2%42.0%3.8%-0.7%518.2K146.7M-649.5K0.373.18N/AN/A18,8766,893216,947192,544
2019-08-30$14.80$17.0039.5%11.7%52.6%32.6%40.7%5.7%0.4%49.0K154.1M-629.5K0.702.69N/AN/A16,10911,251223,338195,520