M Options History — April 2021

In April 2021, M traded between $15.65 and $17.48. ATM implied volatility averaged 65.1%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 2.6% (HV 20d: 62.5%). Max pain ranged from $14.00 to $17.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2021-04-14: Highest Volume — 73,782 contracts
  • 2021-04-16: Largest IV drop — 17.3% change
  • 2021-04-28: Highest IV Rank — 16.8%
  • 2021-04-05: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.57$15.65$17.48$15.65$16.52
Max Pain$14.14$14.00$17.00$17.00$14.00
ATM IV65.1%57.5%73.7%66.3%64.5%
Expected Move18.9%17.2%20.1%17.2%19.2%
HV 20d62.5%40.9%88.6%88.6%43.7%
HV 60d72.4%61.2%78.8%78.8%61.2%
IV Rank6.5%0.0%16.8%5.5%7.2%
IV Percentile6.7%0.0%34.5%4.0%6.0%
Term Structure4.1%-6.7%19.7%6.4%-3.1%
VWIV68.8%63.1%80.4%63.1%68.7%
Skew 25d-7.7%-26.4%0.4%-1.9%-1.9%
Skew 10d-10.2%-45.3%30.3%-13.5%-26.5%
Call IV 25d71.9%61.5%91.0%68.9%68.5%
Put IV 25d64.2%57.5%70.3%66.9%66.6%
Bid-Ask Spread %10.484.6922.444.825.00
Gamma HHI0.110.080.190.080.11
Net GEX4.1M2.2M5.5M2.2M2.5M
Net DEX-151.0M-197.4M-104.6M-104.6M-126.6M
Net VEX-1.0M-1.1M-995.1K-1.0M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.181.350.380.63
Total Volume39,113.52421,70673,78252,61430,129
Total OI527,393.476481,145561,434528,223554,487

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$15.65$17.0066.3%17.2%88.6%5.5%63.1%-1.9%6.4%2.2M-104.6M-1.0M0.384.82N/AN/A38,04414,570310,898217,325
2021-04-05$15.73$14.0064.8%20.1%88.5%4.1%80.4%-26.4%19.7%2.8M-116.6M-1.0M0.189.19N/AN/A26,3784,769295,657207,445
2021-04-06$16.10$14.0064.0%19.7%81.8%3.3%74.5%-2.6%13.9%3.9M-138.7M-1.1M0.196.15N/AN/A27,5905,301318,066213,149
2021-04-07$15.82$14.0065.5%19.2%81.1%4.7%69.3%0.2%2.5%3.4M-119.9M-1.0M0.5311.71N/AN/A19,04210,137325,806215,518
2021-04-08$16.05$14.0063.8%18.6%81.3%3.1%66.7%-10.0%10.8%3.8M-128.6M-1.0M0.3820.42N/AN/A17,5786,594329,278220,768
2021-04-09$16.66$14.0064.0%18.5%82.5%3.7%65.9%-1.4%18.0%5.0M-169.9M-1.1M0.2522.44N/AN/A37,7809,484334,489222,935
2021-04-12$17.05$14.0064.5%18.9%75.1%4.3%66.9%-6.8%-6.2%4.7M-186.2M-1.0M0.187.55N/AN/A56,01310,120309,225211,326
2021-04-13$16.58$14.0059.8%19.0%62.9%0.0%67.7%-20.1%14.9%4.6M-161.9M-1.0M0.527.33N/AN/A36,51719,059322,102216,086
2021-04-14$16.87$14.0069.2%18.9%63.3%9.9%67.7%-18.0%8.0%5.5M-183.3M-1.1M0.3613.42N/AN/A54,40919,373331,041222,219
2021-04-15$16.79$14.0069.5%18.5%63.2%10.3%66.0%-6.8%4.7%4.6M-165.6M-1.0M0.439.73N/AN/A26,51711,506329,062226,754
2021-04-16$16.88$14.0057.5%18.0%60.5%0.0%64.2%-24.6%18.1%4.3M-169.3M-1.0M0.5714.36N/AN/A19,66211,182332,129229,305
2021-04-19$16.77$14.0066.0%18.7%60.5%8.8%67.0%-1.7%2.5%4.2M-156.6M-1.0M0.438.26N/AN/A15,1566,550278,949202,196
2021-04-20$15.97$14.0067.9%19.3%61.1%10.7%71.0%-4.7%-6.7%3.1M-118.3M-995.1K0.3811.94N/AN/A20,6927,862285,132205,794
2021-04-21$16.70$14.0066.0%18.9%51.4%8.8%68.7%0.4%-4.0%4.4M-155.7M-1.0M0.4014.53N/AN/A16,6176,668291,785209,332
2021-04-22$17.04$14.0066.5%19.1%47.6%9.3%68.7%-2.0%-2.9%5.2M-174.9M-1.0M1.278.70N/AN/A17,69122,380293,285211,415
2021-04-23$16.94$14.0063.1%18.6%40.9%5.8%66.7%-3.0%-5.0%5.0M-156.8M-1.0M0.7611.79N/AN/A16,79612,741295,464223,437
2021-04-26$16.46$14.0062.4%19.0%42.2%5.0%69.0%-10.7%-3.4%3.3M-132.3M-1.0M0.3914.96N/AN/A35,15313,588274,327213,991
2021-04-27$17.48$14.0065.2%18.8%46.2%7.9%67.9%-7.3%3.5%5.5M-197.4M-1.0M0.968.38N/AN/A32,26830,897292,921221,317
2021-04-28$17.12$14.0073.7%18.9%45.5%16.8%70.6%-5.4%-3.5%4.8M-167.2M-1.1M1.354.69N/AN/A11,94216,143294,245241,430
2021-04-29$16.79$14.0063.7%19.1%45.6%6.4%75.0%-7.6%-2.2%4.3M-141.2M-1.0M0.574.80N/AN/A16,8269,660298,085247,088
2021-04-30$16.52$14.0064.5%19.2%43.7%7.2%68.7%-1.9%-3.1%2.5M-126.6M-1.1M0.635.00N/AN/A18,52411,605305,082249,405