M Options History — May 2022

In May 2022, M traded between $17.73 and $25.24. ATM implied volatility averaged 82.1%, placing in the 83.9% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded above realized volatility by 17.0% (HV 20d: 65.1%). Max pain ranged from $20.00 to $26.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2022-05-26: Highest Volume — 177,470 contracts
  • 2022-05-26: Largest IV drop — 28.5% change
  • 2022-05-09: Highest IV Rank — 100.0%
  • 2022-05-24: Largest Expected Move — 30.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.53$17.73$25.24$24.53$23.51
Max Pain$23.29$20.00$26.00$25.00$20.00
ATM IV82.1%60.7%96.1%75.8%60.7%
Expected Move23.4%17.9%30.3%20.4%18.0%
HV 20d65.1%47.0%101.2%47.2%100.0%
HV 60d68.2%64.1%77.3%64.2%76.9%
IV Rank83.9%32.3%100.0%86.5%32.3%
IV Percentile92.8%53.6%100.0%96.0%53.6%
Term Structure-2.4%-6.3%-0.0%-1.7%-1.8%
VWIV81.8%66.4%107.4%71.2%66.4%
Skew 25d9.3%3.8%15.2%6.5%7.7%
Skew 10d18.3%8.7%34.5%13.1%16.7%
Call IV 25d77.9%57.3%90.5%72.3%57.3%
Put IV 25d87.2%65.0%104.7%78.8%65.0%
Bid-Ask Spread %7.913.4221.975.313.42
Gamma HHI0.090.070.180.100.07
Net GEX921.2K-1.8M5.2M3.3M1.7M
Net DEX13.8M-168.3M162.6M-79.8M-124.6M
Net VEX-1.1M-1.3M-878.9K-1.3M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.212.010.471.73
Total Volume70,09513,770177,47035,67444,327
Total OI425,076.286348,378503,477393,646389,158

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$24.53$25.0075.8%20.4%47.2%86.5%71.2%6.5%-1.7%3.3M-79.8M-1.3M0.475.31N/AN/A24,19111,483210,239183,407
2022-05-03$24.27$25.0074.6%19.5%47.0%83.3%68.3%3.8%-1.4%4.2M-66.5M-1.3M0.744.38N/AN/A7,8985,872219,706188,470
2022-05-04$25.24$25.0072.4%19.1%49.1%77.5%67.1%7.9%-2.1%5.2M-129.4M-1.3M1.276.95N/AN/A12,89216,418220,438189,730
2022-05-05$23.74$26.0076.7%21.2%52.9%89.0%73.3%8.0%-1.9%2.6M-22.3M-1.3M0.4615.30N/AN/A35,57016,279224,934197,663
2022-05-06$23.19$26.0079.8%21.8%52.4%97.5%76.1%7.8%-3.4%326.2K14.8M-1.2M0.7612.72N/AN/A19,05614,569230,451198,777
2022-05-09$22.42$26.0084.5%23.4%53.1%100.0%80.9%6.9%-1.7%603.0K24.5M-1.1M0.529.27N/AN/A15,8158,263203,835183,508
2022-05-10$22.18$26.0086.4%23.9%51.7%100.0%80.8%6.2%-2.7%681.8K29.7M-1.1M0.2410.94N/AN/A32,8037,828211,554187,015
2022-05-11$20.46$25.0091.0%25.4%57.6%100.0%85.9%7.3%-1.7%-287.6K86.4M-1.0M0.524.61N/AN/A23,68712,269224,807188,839
2022-05-12$21.03$25.0089.5%25.1%56.7%96.9%86.1%10.1%-2.4%-234.0K73.5M-1.1M0.2115.58N/AN/A91,20618,829233,739191,911
2022-05-13$21.55$24.0084.1%23.7%57.9%85.5%83.5%7.7%-1.7%1.1M50.8M-1.1M1.2712.96N/AN/A19,86125,209247,066197,475
2022-05-16$20.88$24.0083.1%23.7%58.4%83.3%82.0%7.7%-2.2%-381.3K87.2M-1.0M0.673.62N/AN/A37,59925,289224,938190,887
2022-05-17$21.26$24.0080.0%22.8%56.0%76.8%80.9%8.3%-0.0%-140.5K73.6M-1.0M0.664.06N/AN/A17,72311,738234,303200,181
2022-05-18$18.91$24.0094.2%27.0%67.4%100.0%93.4%13.6%-5.3%-783.3K141.5M-878.9K2.013.78N/AN/A46,81594,069239,350200,219
2022-05-19$19.45$22.0089.0%25.8%69.0%89.8%89.4%11.8%-4.2%-1.2M130.4M-970.0K0.5621.97N/AN/A44,70924,981254,307223,833
2022-05-20$18.03$22.0093.8%27.5%71.2%99.2%94.2%12.7%-6.3%-1.8M162.6M-928.6K0.665.48N/AN/A69,79745,950264,343230,182
2022-05-23$18.25$20.0093.2%28.0%70.3%98.1%96.9%15.2%-2.9%-275.9K50.7M-971.3K1.858.45N/AN/A24,33244,986170,885177,493
2022-05-24$17.73$20.0096.1%30.3%70.3%100.0%107.4%14.7%-1.1%-852.6K73.6M-956.0K1.673.76N/AN/A34,19556,962175,656207,150
2022-05-25$19.19$20.0091.3%27.7%77.2%90.8%95.2%14.0%-3.7%-248.8K25.0M-1.0M1.376.27N/AN/A66,04190,485191,762234,734
2022-05-26$22.89$20.0065.3%19.5%101.2%41.1%72.8%8.1%-1.7%3.2M-143.7M-1.1M0.943.72N/AN/A91,52985,941208,063272,117
2022-05-27$23.35$20.0061.7%17.9%100.0%34.3%66.8%8.9%-0.9%2.5M-168.3M-1.2M1.143.54N/AN/A44,16950,360218,735284,742
2022-05-31$23.51$20.0060.7%18.0%100.0%32.3%66.4%7.7%-1.8%1.7M-124.6M-1.2M1.733.42N/AN/A16,25828,069182,556206,602