M Options History — June 2021

In June 2021, M traded between $17.70 and $19.70. ATM implied volatility averaged 51.4%, placing in the 2.1% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 0.6% (HV 20d: 50.8%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2021-06-17: Highest Volume — 211,327 contracts
  • 2021-06-08: Largest IV spike — 11.6% change
  • 2021-06-09: Highest IV Rank — 8.5%
  • 2021-06-09: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.75$17.70$19.70$18.53$18.98
Max Pain$17.50$17.00$19.00$18.00$17.50
ATM IV51.4%47.2%58.6%52.7%48.5%
Expected Move14.7%13.4%17.1%14.7%13.6%
HV 20d50.8%41.3%63.8%60.4%42.9%
HV 60d57.9%51.6%67.8%67.8%51.7%
IV Rank2.1%0.0%8.5%1.8%1.2%
IV Percentile1.7%0.0%6.0%0.8%1.2%
Term Structure0.1%-3.3%4.8%-0.9%2.2%
VWIV54.5%47.9%63.9%52.1%49.7%
Skew 25d-5.6%-50.1%-0.2%-3.3%-2.4%
Skew 10d-10.2%-43.8%7.1%-8.0%-9.0%
Call IV 25d58.0%51.2%103.0%56.9%51.8%
Put IV 25d52.4%47.4%62.2%53.6%49.4%
Bid-Ask Spread %6.943.2423.443.933.24
Gamma HHI0.120.110.150.110.14
Net GEX4.5M-802.4K9.7M2.4M7.5M
Net DEX-186.3M-342.1M-77.8M-125.4M-253.9M
Net VEX-1.3M-1.8M-1.0M-1.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.071.120.790.61
Total Volume62,525.36418,913211,32729,73818,913
Total OI569,126.636432,047700,510432,047674,202

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$18.53$18.0052.7%14.7%60.4%1.8%52.1%-3.3%-0.9%2.4M-125.4M-1.0M0.793.93N/AN/A16,58213,156214,357217,690
2021-06-02$18.87$18.0054.0%16.1%60.1%3.0%57.7%-50.1%-0.3%2.4M-143.5M-1.1M0.573.95N/AN/A44,35425,184220,762225,755
2021-06-03$18.26$18.0051.1%15.1%61.1%0.3%57.4%-6.2%-3.3%1.5M-105.8M-1.1M0.279.26N/AN/A28,3837,639235,483240,520
2021-06-04$17.80$18.0050.8%15.0%61.9%0.0%54.5%-6.7%-2.6%1.6M-77.8M-1.1M0.809.07N/AN/A37,51730,075245,554242,619
2021-06-07$18.70$19.0049.8%14.8%63.5%0.0%53.8%-4.3%3.8%3.0M-138.0M-1.1M0.213.63N/AN/A25,8155,338232,550235,935
2021-06-08$18.76$19.0055.6%15.4%63.5%5.5%57.4%-3.5%-1.4%3.5M-144.7M-1.1M0.358.29N/AN/A30,38810,567239,601237,350
2021-06-09$19.49$19.0058.6%17.1%63.8%8.5%63.9%-6.4%4.8%4.3M-199.9M-1.1M0.1820.41N/AN/A169,04531,115248,407243,025
2021-06-10$18.98$17.0054.7%15.5%62.2%4.6%58.3%-0.2%-0.0%4.7M-166.3M-1.2M0.564.31N/AN/A44,18024,693288,593255,903
2021-06-11$19.45$17.0054.6%15.0%61.2%4.6%55.4%-3.1%0.9%4.4M-204.5M-1.2M0.643.44N/AN/A28,04317,836292,354264,930
2021-06-14$18.76$17.0051.7%14.9%46.8%1.8%56.1%-3.6%3.7%2.7M-137.6M-1.1M0.3523.44N/AN/A19,9037,041265,399244,729
2021-06-15$18.38$17.0050.8%14.6%41.9%0.9%53.1%-2.9%-0.1%1.9M-112.5M-1.1M1.123.49N/AN/A23,63526,359269,838247,907
2021-06-16$18.63$17.0050.2%14.4%42.3%0.4%54.6%-1.4%-2.4%1.3M-124.1M-1.1M0.764.46N/AN/A25,70119,466274,226261,014
2021-06-17$18.10$17.0052.3%15.0%42.8%2.4%58.9%-4.8%-3.0%-802.4K-85.9M-1.1M0.078.89N/AN/A197,18914,138278,307269,057
2021-06-18$17.70$17.0054.0%15.6%41.3%4.0%57.8%-3.5%-2.3%4.0M-127.5M-1.5M0.279.07N/AN/A90,07924,504428,313272,197
2021-06-21$18.18$17.0049.2%14.3%42.3%0.0%54.2%-0.2%2.1%6.3M-213.2M-1.6M0.353.58N/AN/A31,21710,893427,731223,115
2021-06-22$18.70$17.0048.2%13.7%43.1%0.0%49.8%-3.9%-0.8%7.3M-256.5M-1.7M0.193.65N/AN/A32,6406,235432,402229,008
2021-06-23$18.90$17.0047.6%13.4%43.2%0.0%47.9%-3.8%-1.3%8.2M-278.4M-1.7M0.333.34N/AN/A30,93710,197436,346230,723
2021-06-24$19.51$17.0049.8%13.5%43.9%2.0%48.8%-3.6%0.2%9.7M-330.2M-1.7M0.284.48N/AN/A41,97911,906439,631234,129
2021-06-25$19.70$17.0047.2%13.5%43.4%0.0%50.0%-3.7%2.3%8.8M-342.1M-1.8M0.333.48N/AN/A49,17916,067443,315237,909
2021-06-28$19.23$17.0050.8%14.4%42.9%3.4%52.4%-2.7%0.1%8.2M-283.5M-1.7M0.717.65N/AN/A18,24713,036430,234222,163
2021-06-29$18.87$17.5049.0%13.9%43.3%1.7%56.6%-2.4%0.2%7.2M-247.9M-1.7M0.437.64N/AN/A32,24313,944431,611235,892
2021-06-30$18.98$17.5048.5%13.6%42.9%1.2%49.7%-2.4%2.2%7.5M-253.9M-1.7M0.613.24N/AN/A11,7487,165436,995237,207