M Options History — October 2020

In October 2020, M traded between $5.85 and $7.24. ATM implied volatility averaged 82.1%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded above realized volatility by 36.9% (HV 20d: 45.2%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.33.

Notable Days

  • 2020-10-23: Highest Volume — 86,773 contracts
  • 2020-10-15: Largest IV spike — 11.7% change
  • 2020-10-29: Highest IV Rank — 31.0%
  • 2020-10-30: Largest Expected Move — 30.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.27$5.85$7.24$5.85$6.16
Max Pain$6.23$6.00$7.00$6.00$6.00
ATM IV82.1%71.0%95.8%72.3%94.3%
Expected Move25.7%20.7%30.8%20.7%30.8%
HV 20d45.2%34.9%56.2%47.8%55.6%
HV 60d52.7%48.9%56.4%56.3%53.5%
IV Rank23.6%17.6%31.0%18.3%30.2%
IV Percentile49.7%38.9%60.7%43.7%59.1%
Term Structure3.3%-9.2%18.6%5.8%0.5%
VWIV90.4%74.4%108.2%74.4%108.2%
Skew 25d0.2%-6.9%8.7%8.7%-2.6%
Skew 10d1.1%-34.5%30.3%7.6%4.8%
Call IV 25d83.7%70.9%101.6%70.9%101.6%
Put IV 25d83.9%72.4%98.9%79.6%98.9%
Bid-Ask Spread %4.172.4114.274.223.14
Gamma HHI0.140.080.210.080.11
Net GEX638.5K18.1K1.4M18.1K276.9K
Net DEX27.4M-28.0M51.5M51.5M35.8M
Net VEX-586.9K-681.7K-544.7K-544.9K-590.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.100.740.170.74
Total Volume44,491.09119,73886,77345,24930,504
Total OI719,059.045663,964759,974700,465743,427

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$5.85$6.0072.3%20.7%47.8%18.3%74.4%8.7%5.8%18.1K51.5M-544.9K0.174.22N/AN/A38,8326,417375,999324,466
2020-10-02$5.97$6.0075.6%22.4%40.8%20.1%78.4%5.0%5.4%723.8K46.2M-552.8K0.335.79N/AN/A62,46020,497383,888325,056
2020-10-05$6.09$7.0076.3%25.2%41.3%20.5%86.9%5.4%0.6%411.6K37.5M-572.1K0.382.98N/AN/A25,6089,722375,116319,412
2020-10-06$5.87$7.0076.9%25.2%41.6%20.8%88.2%2.9%9.9%291.9K46.6M-544.7K0.334.95N/AN/A29,9719,856381,282322,953
2020-10-07$5.97$7.0075.2%25.1%42.9%19.9%87.1%3.7%0.3%291.1K43.2M-551.7K0.242.60N/AN/A23,1655,633384,550328,202
2020-10-08$6.22$7.0074.2%25.3%46.8%19.3%87.6%4.7%5.1%592.5K28.7M-589.1K0.222.41N/AN/A41,9179,332395,728330,448
2020-10-09$6.22$7.0079.1%26.8%44.6%21.9%93.3%-1.4%-9.2%430.1K26.6M-590.6K0.107.39N/AN/A51,0675,158402,579334,618
2020-10-12$6.23$6.0074.2%25.3%44.0%19.3%89.6%-3.3%13.5%669.2K29.4M-585.8K0.166.53N/AN/A55,4568,699390,772323,867
2020-10-13$6.12$6.0071.0%25.5%43.0%17.6%89.2%0.4%18.6%543.8K35.6M-565.2K0.192.72N/AN/A20,8084,050405,765327,381
2020-10-14$6.14$6.0071.6%23.9%42.3%17.9%83.4%-1.3%12.6%623.3K32.7M-562.4K0.172.80N/AN/A23,6573,973415,278327,090
2020-10-15$6.24$6.0080.0%25.1%42.4%22.5%86.4%0.7%5.0%909.6K24.3M-577.0K0.242.52N/AN/A23,7395,785424,831325,921
2020-10-16$6.18$6.0077.1%24.9%42.3%20.9%86.6%-0.9%16.6%624.0K24.4M-574.9K0.244.42N/AN/A26,3096,218431,765328,209
2020-10-19$6.08$6.0084.2%24.9%34.9%24.7%86.8%3.3%-3.3%653.0K31.8M-565.3K0.203.33N/AN/A29,7526,024384,920279,044
2020-10-20$6.35$6.0087.3%25.4%38.0%26.4%91.3%-0.8%-2.8%923.6K23.2M-582.6K0.473.04N/AN/A44,68621,020392,849282,241
2020-10-21$6.53$6.0089.7%25.7%38.7%27.7%91.3%-2.1%0.9%948.6K14.4M-615.2K0.513.69N/AN/A28,41814,534409,758293,026
2020-10-22$6.98$6.0086.6%25.0%44.2%26.0%88.8%0.6%-3.4%1.4M-13.1M-681.7K0.212.58N/AN/A53,22810,956416,721300,744
2020-10-23$7.24$6.0086.4%24.7%45.2%25.9%87.4%-2.6%3.6%1.2M-28.0M-668.6K0.253.20N/AN/A69,55317,220424,056304,173
2020-10-26$6.70$6.0094.1%27.2%54.5%30.1%95.3%-4.3%-4.6%1.1M14.3M-616.0K0.5314.27N/AN/A31,19116,415415,592290,098
2020-10-27$6.47$6.0090.8%28.5%52.2%28.3%101.4%-6.9%3.2%683.8K25.7M-604.9K0.322.96N/AN/A33,72910,640421,585305,177
2020-10-28$6.14$6.0093.8%29.3%56.2%29.9%103.2%-3.8%-3.2%355.6K38.1M-580.5K0.683.03N/AN/A13,6309,237424,895308,007
2020-10-29$6.22$6.0095.8%29.7%55.8%31.0%104.7%-0.2%-3.5%375.7K34.5M-594.5K0.513.29N/AN/A13,0566,682428,174309,636
2020-10-30$6.16$6.0094.3%30.8%55.6%30.2%108.2%-2.6%0.5%276.9K35.8M-590.3K0.743.14N/AN/A17,54512,959431,112312,315