M Options History — June 2022

In June 2022, M traded between $18.33 and $24.46. ATM implied volatility averaged 62.9%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded below realized volatility by 26.7% (HV 20d: 89.6%). Max pain ranged from $20.00 to $23.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2022-06-24: Highest Volume — 88,401 contracts
  • 2022-06-13: Largest IV spike — 15.8% change
  • 2022-06-16: Highest IV Rank — 56.2%
  • 2022-06-16: Largest Expected Move — 21.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.50$18.33$24.46$23.50$18.33
Max Pain$22.43$20.00$23.00$20.00$22.00
ATM IV62.9%55.5%73.2%58.3%66.0%
Expected Move18.1%16.1%21.0%18.1%18.1%
HV 20d89.6%67.3%99.9%99.9%67.9%
HV 60d71.0%66.7%74.1%71.6%74.1%
IV Rank36.5%22.5%56.2%27.8%42.5%
IV Percentile58.7%30.6%86.9%43.3%71.8%
Term Structure0.2%-1.6%3.3%1.5%0.3%
VWIV64.3%55.5%73.9%70.2%64.7%
Skew 25d8.9%6.2%11.4%7.8%8.8%
Skew 10d17.8%12.6%23.4%16.7%16.3%
Call IV 25d59.6%53.1%69.3%57.3%63.3%
Put IV 25d68.5%60.2%80.0%65.1%72.1%
Bid-Ask Spread %4.202.3614.444.222.85
Gamma HHI0.070.060.110.070.10
Net GEX479.8K-926.4K2.7M1.3M-926.4K
Net DEX-22.7M-135.8M73.5M-120.9M73.4M
Net VEX-1.1M-1.3M-947.7K-1.2M-947.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.391.941.871.13
Total Volume42,032.04821,03588,40158,19430,558
Total OI391,984.952336,670431,096404,781374,236

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-06-01$23.50$20.0058.3%18.1%99.9%27.8%70.2%7.8%1.5%1.3M-120.9M-1.2M1.874.22N/AN/A20,24437,950187,935216,846
2022-06-02$23.68$23.0056.1%16.1%98.8%23.6%55.5%8.2%-0.9%1.2M-106.4M-1.2M1.743.24N/AN/A14,82525,775181,717229,137
2022-06-03$23.81$23.0055.6%16.3%96.4%22.7%58.5%6.2%-0.9%2.7M-117.5M-1.2M0.7814.44N/AN/A38,88630,177185,534229,730
2022-06-06$24.11$23.0056.1%16.4%96.1%23.7%59.9%7.1%1.3%1.7M-117.9M-1.2M1.693.54N/AN/A9,17215,525183,272210,178
2022-06-07$24.46$23.0055.5%16.7%95.3%22.5%59.6%7.4%3.3%2.2M-135.8M-1.2M0.583.02N/AN/A30,29917,630185,829212,100
2022-06-08$24.23$23.0056.9%16.6%95.2%25.1%59.7%7.7%0.9%2.4M-133.1M-1.3M1.493.16N/AN/A12,45418,549200,536215,891
2022-06-09$23.94$23.0057.4%16.6%90.1%26.0%58.8%7.1%0.7%1.8M-118.7M-1.3M1.283.00N/AN/A12,33815,838204,738218,684
2022-06-10$23.12$23.0060.7%17.4%91.0%32.3%60.3%8.9%-0.8%626.1K-67.7M-1.2M1.902.95N/AN/A13,75426,107205,270222,571
2022-06-13$21.11$23.0070.3%20.2%96.7%50.6%68.1%10.1%-1.6%-187.9K9.7M-1.1M0.753.74N/AN/A33,09224,850195,314206,417
2022-06-14$21.72$23.0067.4%19.3%96.5%45.1%71.1%9.9%-0.8%175.5K-20.0M-1.2M1.604.14N/AN/A8,08812,947196,122206,895
2022-06-15$22.05$23.0069.1%19.8%96.5%48.4%68.2%11.4%-0.9%274.2K-32.4M-1.2M1.9413.20N/AN/A18,57136,047197,222210,096
2022-06-16$19.70$23.0073.2%21.0%95.8%56.2%73.9%10.7%-0.6%-812.1K73.5M-1.1M1.333.26N/AN/A19,17625,519203,333223,008
2022-06-17$19.82$22.0068.9%19.8%95.3%48.0%71.1%10.6%-0.7%221.9K64.7M-1.1M1.242.36N/AN/A13,32816,575208,598222,498
2022-06-21$20.05$22.0065.1%18.7%90.9%40.7%64.7%9.5%0.3%-446.7K33.8M-1.0M0.643.08N/AN/A20,65413,119167,186169,484
2022-06-22$19.43$22.0065.7%18.8%91.8%42.0%67.9%9.6%0.6%-421.5K49.0M-1.0M1.283.10N/AN/A18,89924,275176,093173,080
2022-06-23$19.04$22.0066.1%18.9%91.4%42.7%65.8%9.4%0.5%-619.9K65.3M-997.9K1.023.05N/AN/A14,20614,429181,859182,535
2022-06-24$20.84$22.0061.2%17.3%92.7%33.2%61.6%8.5%0.0%22.4K-6.7M-1.1M0.393.16N/AN/A63,67724,724185,141184,841
2022-06-27$20.25$22.0063.2%18.1%67.3%37.2%62.0%9.4%-0.0%-91.9K18.3M-1.1M0.803.14N/AN/A15,82812,592174,710176,645
2022-06-28$19.42$22.0062.5%17.9%67.7%35.8%64.4%9.2%0.6%-430.7K48.5M-1.0M0.642.87N/AN/A15,4389,913181,368179,801
2022-06-29$18.85$22.0065.0%18.4%67.8%40.7%64.0%9.9%1.1%-617.5K64.2M-964.6K0.462.70N/AN/A38,69717,948185,021180,213
2022-06-30$18.33$22.0066.0%18.1%67.9%42.5%64.7%8.8%0.3%-926.4K73.4M-947.7K1.132.85N/AN/A14,36916,189192,739181,497