M Options History — August 2021

In August 2021, M traded between $16.71 and $23.63. ATM implied volatility averaged 60.2%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded below realized volatility by 2.0% (HV 20d: 62.2%). Max pain ranged from $16.00 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2021-08-19: Highest Volume — 608,385 contracts
  • 2021-08-25: Largest IV spike — 11.7% change
  • 2021-08-04: Highest IV Rank — 21.3%
  • 2021-08-04: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.12$16.71$23.63$17.10$22.30
Max Pain$17.23$16.00$19.00$18.00$19.00
ATM IV60.2%49.1%67.3%61.5%49.8%
Expected Move17.2%13.6%20.9%20.3%13.7%
HV 20d62.2%46.0%77.1%58.1%77.1%
HV 60d54.5%47.1%60.9%53.5%59.7%
IV Rank14.9%4.8%21.3%16.1%5.4%
IV Percentile20.5%2.4%35.7%18.7%4.0%
Term Structure-1.7%-15.7%1.3%1.3%0.2%
VWIV61.6%48.1%76.3%73.4%48.1%
Skew 25d0.5%-3.5%2.7%-1.8%1.3%
Skew 10d0.7%-11.6%8.0%-11.6%1.7%
Call IV 25d61.8%50.1%68.0%66.9%50.4%
Put IV 25d62.3%51.4%68.8%65.0%51.6%
Bid-Ask Spread %6.982.6917.103.9910.55
Gamma HHI0.160.120.400.130.19
Net GEX8.8M4.6M13.6M5.6M4.6M
Net DEX-334.0M-665.6M-117.0M-142.5M-305.7M
Net VEX-1.4M-1.5M-1.3M-1.4M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.171.540.780.36
Total Volume107,310.63627,492608,38536,60246,276
Total OI690,202.273568,700761,020695,275607,216

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$17.10$18.0061.5%20.3%58.1%16.1%73.4%-1.8%1.3%5.6M-142.5M-1.4M0.783.99N/AN/A20,55216,050431,016264,259
2021-08-03$17.23$18.0064.3%20.6%57.9%18.7%76.3%2.4%0.7%6.1M-151.6M-1.4M0.562.95N/AN/A20,83411,675437,044249,042
2021-08-04$16.71$18.0067.3%20.9%54.6%21.3%75.3%0.9%-1.5%5.0M-117.0M-1.4M0.332.69N/AN/A51,10416,690449,120251,822
2021-08-05$17.45$16.0064.5%17.3%56.7%18.8%61.3%2.7%-2.1%7.1M-175.0M-1.4M0.227.85N/AN/A43,0639,372453,393255,269
2021-08-06$18.51$16.0062.2%16.9%54.5%16.7%60.6%0.1%-2.0%10.8M-291.8M-1.5M0.463.75N/AN/A59,60727,600471,676260,848
2021-08-09$18.84$16.0062.4%17.3%54.5%16.9%64.7%-3.5%-2.3%9.0M-293.2M-1.5M0.364.10N/AN/A45,21716,145449,648250,570
2021-08-10$19.39$16.0063.4%17.5%54.6%17.8%62.5%0.6%-1.8%10.5M-355.0M-1.5M0.366.61N/AN/A46,51016,731464,147258,209
2021-08-11$19.85$16.0059.9%17.2%54.2%14.6%62.9%2.2%0.6%12.2M-412.9M-1.5M0.413.62N/AN/A43,24517,797486,623264,601
2021-08-12$19.35$16.0062.9%17.8%53.6%17.4%63.7%0.0%-2.2%11.7M-357.2M-1.5M0.2911.24N/AN/A75,75622,323485,688270,570
2021-08-13$18.88$16.0062.9%17.6%52.3%17.3%62.4%1.4%-1.7%10.8M-282.8M-1.4M0.844.75N/AN/A16,50913,853484,737276,283
2021-08-16$18.88$17.0062.9%17.9%48.1%17.4%63.6%0.3%-1.7%9.1M-272.6M-1.4M0.463.62N/AN/A18,7758,717428,795254,255
2021-08-17$18.14$17.0066.0%18.8%47.9%20.2%66.7%0.3%-1.8%7.8M-209.1M-1.3M0.177.69N/AN/A89,22414,985432,097256,398
2021-08-18$18.15$17.0064.6%18.5%46.0%18.9%66.3%0.1%-1.9%8.2M-210.1M-1.3M0.306.93N/AN/A82,64024,387439,402259,890
2021-08-19$21.69$17.0066.0%19.0%75.4%20.2%67.0%-0.6%-1.4%12.1M-593.5M-1.3M0.405.68N/AN/A434,770173,615452,725266,923
2021-08-20$22.29$17.0059.8%17.2%75.0%14.5%60.9%1.1%-1.3%13.5M-665.6M-1.3M0.644.12N/AN/A195,709124,671463,492278,638
2021-08-23$22.69$18.0055.3%15.6%74.0%10.5%56.6%1.0%-0.0%7.5M-421.6M-1.4M1.357.63N/AN/A61,98083,753329,882238,818
2021-08-24$23.59$18.0054.0%15.7%72.9%9.3%55.4%-0.2%-0.1%9.1M-499.2M-1.4M0.6910.19N/AN/A73,99251,077350,185269,417
2021-08-25$23.63$18.0060.3%15.0%72.5%15.0%54.1%0.3%-15.7%8.6M-494.9M-1.4M1.236.59N/AN/A37,17045,615359,557304,981
2021-08-26$22.55$18.0054.0%15.1%75.8%9.3%53.6%0.0%-2.3%4.7M-358.1M-1.5M1.5414.91N/AN/A39,59961,042364,090319,070
2021-08-27$22.96$18.0051.8%14.0%75.7%7.4%50.1%1.7%-0.1%13.6M-405.3M-1.4M1.087.01N/AN/A35,59338,442369,223327,209
2021-08-30$22.54$19.0049.1%13.6%76.6%4.8%49.6%1.3%0.5%5.5M-334.1M-1.4M1.4517.10N/AN/A11,50516,664326,622271,000
2021-08-31$22.30$19.0049.8%13.7%77.1%5.4%48.1%1.3%0.2%4.6M-305.7M-1.4M0.3610.55N/AN/A34,11912,157329,585277,631