M Options History — July 2022

In July 2022, M traded between $16.25 and $18.85. ATM implied volatility averaged 68.5%, placing in the 43.6% IV rank vs the trailing year. The 30-day expected move averaged 20.1%. IV traded above realized volatility by 3.7% (HV 20d: 64.8%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.85.

Notable Days

2022-07-14: Highest Volume — 59,342 contracts
2022-07-14: Largest IV spike — 4.6% change
2022-07-26: Highest IV Rank — 56.4%
2022-07-26: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.61	$16.25	$18.85	$17.93	$17.61
Max Pain	$21.85	$21.00	$22.00	$22.00	$21.00
ATM IV	68.5%	63.5%	75.0%	67.0%	71.8%
Expected Move	20.1%	17.6%	21.4%	18.3%	17.6%
HV 20d	64.8%	51.6%	73.9%	67.6%	55.9%
HV 60d	75.5%	74.1%	76.3%	74.1%	76.0%
IV Rank	43.6%	32.8%	56.4%	44.4%	49.9%
IV Percentile	76.4%	59.9%	88.5%	74.6%	82.9%
Term Structure	1.8%	-2.8%	7.7%	0.7%	-2.8%
VWIV	69.9%	61.9%	75.5%	65.3%	61.9%
Skew 25d	9.4%	7.2%	11.1%	9.8%	9.7%
Skew 10d	18.7%	15.0%	21.6%	19.8%	16.3%
Call IV 25d	64.1%	58.8%	70.9%	63.2%	67.0%
Put IV 25d	73.5%	67.2%	80.7%	73.0%	76.8%
Bid-Ask Spread %	4.22	2.32	18.20	2.88	18.20
Gamma HHI	0.11	0.05	0.32	0.30	0.17
Net GEX	141.5K	-2.2M	1.8M	-2.2M	1.3M
Net DEX	56.9M	1.0M	102.0M	84.7M	45.7M
Net VEX	-910.3K	-1.0M	-776.2K	-917.5K	-903.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.41	1.25	0.89	0.76
Total Volume	36,871.7	17,978	59,342	44,932	40,159
Total OI	382,550.25	358,799	406,416	377,964	400,373

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-07-01	$17.93	$22.00	67.0%	18.3%	67.6%	44.4%	65.3%	9.8%	0.7%	-2.2M	84.7M	-917.5K	0.89	2.88	N/A	N/A	23,780	21,152	195,501	182,463
2022-07-05	$18.85	$22.00	67.3%	20.6%	71.0%	45.0%	75.5%	9.9%	-0.9%	-268.8K	47.4M	-967.0K	0.75	3.38	N/A	N/A	20,743	15,517	184,487	174,312
2022-07-06	$17.68	$22.00	69.3%	20.9%	72.8%	44.9%	75.0%	10.3%	-0.7%	-432.5K	81.1M	-904.3K	1.04	3.68	N/A	N/A	17,513	18,265	191,232	179,705
2022-07-07	$17.95	$22.00	66.5%	20.5%	72.8%	39.0%	68.5%	9.3%	0.4%	-28.5K	69.2M	-922.4K	0.41	2.69	N/A	N/A	27,669	11,484	195,861	181,272
2022-07-08	$17.98	$22.00	63.5%	19.8%	73.0%	32.8%	66.4%	7.2%	0.4%	1.8M	66.5M	-920.0K	0.83	2.65	N/A	N/A	18,233	15,215	202,012	183,006
2022-07-11	$17.17	$22.00	66.2%	21.2%	73.9%	38.4%	71.3%	8.3%	7.7%	-608.5K	78.9M	-837.6K	0.89	3.20	N/A	N/A	17,240	15,407	189,661	172,425
2022-07-12	$16.77	$22.00	66.9%	21.2%	73.6%	39.8%	72.9%	10.0%	7.4%	-736.5K	87.8M	-820.5K	0.66	2.76	N/A	N/A	20,346	13,338	195,253	178,071
2022-07-13	$16.87	$22.00	65.3%	20.5%	68.4%	36.5%	70.5%	8.7%	6.2%	-620.0K	87.8M	-829.6K	0.57	2.68	N/A	N/A	19,615	11,134	199,909	181,956
2022-07-14	$16.25	$22.00	68.3%	21.2%	67.3%	42.7%	68.7%	9.6%	6.5%	-958.9K	102.0M	-776.2K	0.49	3.08	N/A	N/A	39,938	19,404	202,035	181,421
2022-07-15	$16.57	$22.00	65.3%	20.1%	67.6%	36.5%	73.3%	8.6%	7.7%	-398.3K	85.2M	-813.4K	1.18	2.32	N/A	N/A	24,616	29,059	215,046	183,675
2022-07-18	$17.36	$22.00	67.8%	19.9%	60.0%	41.6%	71.5%	11.1%	2.1%	74.3K	48.6M	-905.5K	0.84	3.08	N/A	N/A	27,059	22,851	180,130	178,883
2022-07-19	$18.15	$22.00	67.9%	19.7%	62.6%	41.8%	68.8%	8.9%	3.3%	774.8K	18.6M	-968.4K	1.25	6.63	N/A	N/A	21,751	27,169	189,530	182,123
2022-07-20	$18.53	$22.00	67.8%	19.4%	63.0%	41.7%	68.0%	9.5%	3.5%	1.2M	5.4M	-1.0M	0.84	7.04	N/A	N/A	24,079	20,185	196,478	190,344
2022-07-21	$18.57	$22.00	68.1%	19.3%	62.2%	42.3%	64.7%	10.5%	3.9%	1.7M	1.0M	-1.0M	0.79	4.94	N/A	N/A	14,008	11,034	206,045	195,592
2022-07-22	$18.19	$22.00	70.0%	19.9%	62.2%	46.1%	69.7%	9.8%	0.5%	1.4M	17.0M	-993.4K	1.03	2.80	N/A	N/A	19,485	20,094	208,905	197,511
2022-07-25	$18.08	$22.00	72.3%	20.5%	51.6%	51.0%	71.4%	10.3%	-1.8%	569.7K	32.5M	-984.1K	1.00	3.52	N/A	N/A	10,953	10,975	190,805	191,761
2022-07-26	$16.80	$22.00	75.0%	21.4%	56.4%	56.4%	74.4%	9.8%	-2.8%	-353.2K	73.7M	-891.2K	0.92	2.99	N/A	N/A	13,304	12,279	192,619	194,111
2022-07-27	$17.41	$21.00	71.7%	20.3%	57.1%	49.7%	70.8%	8.1%	-2.4%	216.7K	53.4M	-913.6K	0.88	2.82	N/A	N/A	12,964	11,439	195,593	194,612
2022-07-28	$17.45	$21.00	72.1%	20.0%	56.5%	50.5%	69.0%	9.0%	-2.4%	458.4K	52.4M	-912.0K	1.02	3.09	N/A	N/A	8,906	9,072	199,710	196,577
2022-07-29	$17.61	$21.00	71.8%	17.6%	55.9%	49.9%	61.9%	9.7%	-2.8%	1.3M	45.7M	-903.6K	0.76	18.20	N/A	N/A	22,764	17,395	202,219	198,154