M Options History — October 2019

In October 2019, M traded between $14.72 and $15.85. ATM implied volatility averaged 53.8%, placing in the 71.9% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 14.7% (HV 20d: 39.1%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-10-18: Highest Volume — 77,089 contracts
  • 2019-10-21: Largest IV spike — 17.7% change
  • 2019-10-21: Highest IV Rank — 100.0%
  • 2019-10-02: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.32$14.72$15.85$15.60$15.07
Max Pain$16.00$16.00$16.00$16.00$16.00
ATM IV53.8%43.4%67.2%45.3%65.1%
Expected Move12.7%11.7%14.1%13.0%11.7%
HV 20d39.1%33.5%48.4%44.8%33.5%
HV 60d48.4%47.0%49.7%47.0%47.5%
IV Rank71.9%45.2%100.0%51.4%94.4%
IV Percentile77.9%52.0%100.0%60.7%98.0%
Term Structure2.4%-5.7%19.9%0.2%-3.6%
VWIV44.6%40.9%49.1%46.3%41.3%
Skew 25d3.6%1.2%5.9%3.3%5.6%
Skew 10d6.7%2.8%10.7%9.9%10.7%
Call IV 25d52.0%40.5%65.2%44.0%62.4%
Put IV 25d55.5%44.5%70.5%47.2%68.0%
Bid-Ask Spread %14.202.0747.055.803.27
Gamma HHI0.160.100.490.150.10
Net GEX-660.2K-5.3M1.8M289.1K-873.2K
Net DEX125.0M77.1M157.0M103.0M153.7M
Net VEX-994.9K-1.1M-854.0K-926.2K-995.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.391.290.560.89
Total Volume30,573.6968,45277,08916,81533,686
Total OI514,817.13447,493562,501447,493562,501

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$15.60$16.0045.3%13.0%44.8%51.4%46.3%3.3%0.2%289.1K103.0M-926.2K0.565.80N/AN/A10,7756,040232,924214,569
2019-10-02$14.72$16.0048.3%14.1%48.4%61.4%48.8%1.2%0.1%-715.6K137.3M-854.0K1.267.19N/AN/A22,26028,102236,650216,296
2019-10-03$14.72$16.0049.3%13.8%47.0%65.0%47.2%2.2%-0.7%-381.2K140.9M-904.6K0.4431.94N/AN/A25,25411,077249,852231,310
2019-10-04$14.91$16.0045.8%13.2%47.3%53.2%46.5%2.3%-0.2%1.8M130.9M-910.5K0.558.37N/AN/A17,9579,939260,334234,011
2019-10-07$15.05$16.0047.8%13.7%43.0%59.9%47.2%3.2%-0.7%-237.3K115.7M-947.2K0.8842.48N/AN/A25,24922,106245,996229,014
2019-10-08$14.82$16.0048.2%13.9%38.5%61.3%49.1%2.3%0.5%-742.4K138.6M-941.2K0.5014.13N/AN/A13,1576,525252,670241,764
2019-10-09$14.94$16.0046.7%13.6%35.0%56.1%47.5%2.4%0.2%-399.6K128.3M-961.1K0.507.82N/AN/A5,6282,824258,468243,909
2019-10-10$15.28$16.0045.5%13.4%34.8%52.3%46.4%2.1%1.6%329.3K109.4M-990.5K1.0915.35N/AN/A13,88615,094260,159244,313
2019-10-11$15.82$16.0044.9%13.2%37.3%50.3%45.5%3.8%1.5%-95.6K77.1M-1.1M0.7347.05N/AN/A29,32621,544262,803254,470
2019-10-14$15.31$16.0045.1%13.1%38.3%51.0%45.1%2.4%18.8%-1.1M128.8M-1.0M0.7836.24N/AN/A13,93210,836250,972257,452
2019-10-15$15.68$16.0043.4%12.5%36.4%45.2%43.6%3.8%18.1%52.1K104.4M-1.0M0.615.09N/AN/A17,82910,905257,099263,797
2019-10-16$15.78$16.0044.3%12.7%36.1%48.3%44.8%3.7%19.4%573.9K99.5M-1.0M1.2836.49N/AN/A9,16511,763260,388268,666
2019-10-17$15.84$16.0045.9%11.9%34.2%53.4%41.8%4.0%19.9%1.0M101.3M-1.0M1.0140.85N/AN/A11,98212,045261,937275,430
2019-10-18$15.11$16.0051.3%12.6%37.7%71.6%43.6%1.6%18.5%-5.3M155.8M-984.6K1.294.11N/AN/A33,60043,489262,872282,560
2019-10-21$15.36$16.0060.4%11.8%38.1%100.0%41.6%5.3%-4.0%-1.6M141.4M-1.0M0.652.35N/AN/A16,48110,661240,442270,532
2019-10-22$15.85$16.0064.7%12.5%39.2%100.0%44.2%5.9%-4.6%-579.5K105.5M-1.1M0.392.47N/AN/A23,0828,908250,573274,713
2019-10-23$15.68$16.0067.2%12.3%39.1%100.0%42.9%4.5%-5.6%-685.3K118.3M-1.1M1.143.06N/AN/A5,7216,513258,605278,025
2019-10-24$15.39$16.0067.1%12.3%39.4%99.7%44.1%5.2%-4.9%-1.7M139.0M-1.0M0.722.29N/AN/A14,48910,370260,898279,512
2019-10-25$15.57$16.0065.6%11.7%39.5%95.7%40.9%4.6%-5.7%-2.4M121.1M-1.0M0.532.24N/AN/A14,0057,456266,740283,028
2019-10-28$15.48$16.0065.7%12.3%39.0%96.1%43.2%3.4%-4.3%-650.7K126.8M-1.0M0.533.48N/AN/A18,5729,776253,651270,876
2019-10-29$15.30$16.0064.0%11.7%39.2%91.4%41.4%4.4%-3.6%-753.0K142.0M-1.0M0.402.52N/AN/A14,9045,919261,548275,075
2019-10-30$15.06$16.0065.7%12.1%33.5%96.0%43.0%5.0%-4.7%-1.1M157.0M-982.1K0.852.07N/AN/A21,78018,583265,972277,418
2019-10-31$15.07$16.0065.1%11.7%33.5%94.4%41.3%5.6%-3.6%-873.2K153.7M-995.6K0.893.27N/AN/A17,83315,853276,460286,041