M Options History — November 2019

In November 2019, M traded between $14.68 and $16.82. ATM implied volatility averaged 59.8%, placing in the 74.5% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 14.9% (HV 20d: 45.0%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.91.

Notable Days

  • 2019-11-19: Highest Volume — 231,925 contracts
  • 2019-11-21: Largest IV drop — 34.6% change
  • 2019-11-11: Highest IV Rank — 100.0%
  • 2019-11-20: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.82$14.68$16.82$15.57$15.35
Max Pain$15.78$15.00$16.00$15.50$16.00
ATM IV59.8%38.5%73.7%63.3%38.9%
Expected Move16.3%11.3%21.1%11.3%11.8%
HV 20d45.0%35.1%55.9%35.1%55.6%
HV 60d44.7%40.1%49.5%48.2%45.5%
IV Rank74.5%19.6%100.0%89.7%20.5%
IV Percentile82.0%33.7%100.0%96.8%35.3%
Term Structure-2.5%-5.8%2.5%-4.2%0.4%
VWIV56.8%39.9%73.2%39.9%41.5%
Skew 25d3.9%0.9%6.6%4.5%0.9%
Skew 10d5.6%-1.0%9.9%9.4%0.7%
Call IV 25d57.1%37.6%70.3%61.9%38.3%
Put IV 25d61.0%39.0%74.8%66.4%39.2%
Bid-Ask Spread %6.602.0121.622.013.30
Gamma HHI0.160.100.390.120.14
Net GEX-838.3K-9.7M1.8M-1.6M-1.2M
Net DEX140.9M30.9M385.0M112.6M156.6M
Net VEX-1.1M-1.3M-1.0M-1.0M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.291.540.470.52
Total Volume83,557.719,492231,92536,86419,492
Total OI679,692.45545,551901,231569,795745,141

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$15.57$15.5063.3%11.3%35.1%89.7%39.9%4.5%-4.2%-1.6M112.6M-1.0M0.472.01N/AN/A25,12211,742278,729291,066
2019-11-04$15.86$15.0062.3%16.9%35.5%86.8%58.7%5.1%1.0%83.8K95.8M-1.0M0.393.13N/AN/A23,9169,230265,646279,905
2019-11-05$16.70$15.0065.5%17.1%38.8%95.4%59.8%4.9%-1.4%1.3M30.9M-1.1M1.548.07N/AN/A41,27763,669275,109283,866
2019-11-06$16.01$15.0066.8%18.2%42.4%98.8%64.3%4.0%0.2%191.6K100.4M-1.1M0.495.52N/AN/A57,21027,951283,792307,168
2019-11-07$16.20$15.0063.5%17.4%41.9%90.1%60.3%3.4%2.5%1.8M82.4M-1.1M0.297.06N/AN/A30,6048,924299,772319,048
2019-11-08$15.85$16.0064.8%17.5%41.0%93.6%61.4%4.5%0.8%1.2M116.3M-1.1M1.274.27N/AN/A22,16428,161300,153320,641
2019-11-11$16.12$16.0067.8%18.0%39.5%100.0%62.4%4.8%-5.8%144.0K111.8M-1.1M0.994.44N/AN/A21,18820,897285,688327,658
2019-11-12$16.05$16.0071.5%19.0%38.7%100.0%66.4%5.3%-5.8%-30.8K119.1M-1.1M0.675.77N/AN/A63,59142,511294,404340,132
2019-11-13$16.03$16.0070.7%18.9%38.7%98.0%65.4%4.2%-5.4%-212.9K121.5M-1.2M0.404.12N/AN/A27,70610,987320,042364,870
2019-11-14$16.30$16.0069.8%18.6%39.1%95.9%63.7%5.7%-4.7%1.5M91.6M-1.2M1.274.10N/AN/A22,77828,951331,520369,680
2019-11-15$16.80$16.0066.4%18.0%35.8%87.7%62.5%5.8%-5.5%-988.8K37.8M-1.3M1.536.34N/AN/A42,68365,465335,512382,270
2019-11-18$16.82$16.0071.7%20.0%35.6%100.0%69.5%6.6%-5.2%-2.8M97.0M-1.3M1.264.79N/AN/A33,62942,377271,291374,225
2019-11-19$15.06$16.0071.3%20.2%52.9%99.1%69.8%3.2%-4.1%-4.0M252.5M-1.1M1.525.32N/AN/A91,867140,058286,526406,271
2019-11-20$15.03$16.0073.7%21.1%52.8%100.0%73.2%4.5%-4.9%-5.3M271.8M-1.2M0.849.44N/AN/A85,08771,499319,536478,586
2019-11-21$14.68$16.0048.2%14.0%53.0%41.8%48.6%1.7%-4.3%-9.7M385.0M-1.1M1.0321.62N/AN/A94,05196,820360,930515,528
2019-11-22$15.41$16.0043.0%12.7%55.8%30.0%44.7%3.3%-1.7%1.0M254.5M-1.1M0.7815.59N/AN/A57,68945,212381,709519,522
2019-11-25$15.56$16.0039.6%12.0%55.9%22.2%42.3%2.1%-0.7%674.3K115.8M-1.1M1.3211.36N/AN/A42,80556,450308,171331,529
2019-11-26$15.43$16.0039.3%11.8%55.8%21.4%41.2%1.5%-0.8%352.2K131.8M-1.2M0.572.91N/AN/A38,54521,799339,784367,390
2019-11-27$15.47$16.0038.5%11.7%55.5%19.6%40.9%1.4%-0.9%828.7K133.4M-1.2M0.962.84N/AN/A18,89018,157354,997376,042
2019-11-29$15.35$16.0038.9%11.8%55.6%20.5%41.5%0.9%0.4%-1.2M156.6M-1.2M0.523.30N/AN/A12,8606,632359,633385,508