M Options History — August 2022

In August 2022, M traded between $17.36 and $21.13. ATM implied volatility averaged 69.5%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 10.7% (HV 20d: 58.8%). Max pain ranged from $17.00 to $20.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.66.

Notable Days

  • 2022-08-23: Highest Volume — 180,064 contracts
  • 2022-08-23: Largest IV drop — 21.7% change
  • 2022-08-17: Highest IV Rank — 62.5%
  • 2022-08-22: Largest Expected Move — 22.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.75$17.36$21.13$17.83$17.45
Max Pain$18.87$17.00$20.00$20.00$19.00
ATM IV69.5%55.6%77.9%72.8%59.7%
Expected Move19.4%15.9%22.8%18.3%17.2%
HV 20d58.8%50.7%65.7%55.6%59.9%
HV 60d70.5%61.3%76.9%75.5%61.8%
IV Rank45.2%16.6%62.5%52.0%24.9%
IV Percentile70.8%20.6%92.9%85.7%40.5%
Term Structure-2.2%-7.3%1.1%-4.6%0.1%
VWIV67.5%55.4%79.7%63.1%59.6%
Skew 25d8.6%6.2%11.6%10.2%7.2%
Skew 10d16.1%11.2%22.4%20.2%14.0%
Call IV 25d65.5%52.2%73.8%68.2%57.3%
Put IV 25d74.1%59.5%81.7%78.3%64.6%
Bid-Ask Spread %3.532.476.344.732.93
Gamma HHI0.120.060.530.080.12
Net GEX962.8K-3.8M7.7M373.8K-500.5K
Net DEX821.2K-113.4M61.5M38.1M48.0M
Net VEX-956.8K-1.0M-894.4K-923.5K-901.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.221.131.050.22
Total Volume44,972.78315,750180,06426,45247,211
Total OI412,874.261330,426474,185388,280370,892

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$17.83$20.0072.8%18.3%55.6%52.0%63.1%10.2%-4.6%373.8K38.1M-923.5K1.054.73N/AN/A12,92213,530193,419194,861
2022-08-02$17.36$20.0075.0%18.3%53.0%56.6%64.3%10.1%-2.8%29.1K55.6M-894.4K0.823.28N/AN/A12,22610,066198,259202,033
2022-08-03$18.15$20.0073.8%17.6%50.7%54.0%61.3%11.6%-4.1%844.0K23.1M-937.2K0.784.30N/AN/A14,49711,337201,614204,285
2022-08-04$17.68$17.0073.4%19.9%51.3%53.1%69.7%10.1%-3.8%611.3K43.6M-921.6K1.012.73N/AN/A7,8317,919206,163208,866
2022-08-05$17.77$17.0072.7%20.0%51.3%51.7%70.2%11.0%-4.7%860.1K39.9M-920.1K0.502.79N/AN/A21,25310,575207,767209,902
2022-08-08$18.73$17.0074.0%20.1%51.7%54.3%71.3%9.5%-2.8%1.2M1.2M-961.6K0.792.93N/AN/A22,91318,137200,793201,117
2022-08-09$17.46$19.0073.7%21.2%57.3%53.7%71.3%9.7%0.7%-74.1K61.5M-897.6K0.852.47N/AN/A14,58812,466206,717210,452
2022-08-10$18.30$19.0070.6%20.7%59.5%47.3%70.8%8.4%1.1%1.3M18.4M-941.4K0.422.95N/AN/A31,65813,221213,215214,326
2022-08-11$19.51$19.0075.3%21.4%61.0%57.2%72.6%9.0%-1.3%2.6M-51.7M-1.0M0.333.23N/AN/A47,43515,526218,054214,562
2022-08-12$19.94$19.0073.3%20.9%61.1%53.0%72.8%8.4%-1.4%7.7M-78.1M-1.0M0.456.34N/AN/A25,16611,359233,084218,036
2022-08-15$19.97$19.0075.0%21.3%59.5%56.5%74.7%9.1%-2.7%1.8M-50.3M-1.0M0.464.05N/AN/A15,2416,935216,925211,709
2022-08-16$21.13$19.0076.7%21.9%60.6%59.9%77.6%8.0%-4.1%2.5M-113.4M-1.0M0.322.69N/AN/A58,66918,551220,773214,469
2022-08-17$20.48$19.0077.9%22.3%61.9%62.5%78.4%8.0%-7.3%2.4M-71.7M-1.0M0.755.20N/AN/A23,10317,278231,740222,059
2022-08-18$20.29$19.0074.1%21.4%62.1%54.5%74.5%8.3%-3.7%1.6M-55.7M-1.0M0.962.61N/AN/A22,11021,270234,008230,603
2022-08-19$19.40$19.0074.1%21.6%64.0%54.5%74.3%7.7%-4.6%-10.0K5.4M-982.7K0.475.65N/AN/A21,69210,126237,064237,121
2022-08-22$18.66$19.0076.5%22.8%65.7%59.6%79.7%8.9%-4.4%108.5K7.1M-935.9K1.043.45N/AN/A42,75444,548155,836174,590
2022-08-23$19.19$19.0059.9%17.4%59.9%25.5%59.7%7.6%0.1%519.4K-9.1M-939.2K0.423.49N/AN/A126,86253,202175,517202,421
2022-08-24$18.62$19.0059.5%17.0%60.3%24.5%58.1%7.0%-0.8%125.7K21.5M-944.9K1.132.81N/AN/A31,67135,629203,557211,532
2022-08-25$19.03$19.0055.6%15.9%60.6%16.6%55.4%7.2%0.9%2.2M-6.9M-968.8K0.742.65N/AN/A14,87210,950215,806219,667
2022-08-26$18.48$19.0057.9%16.5%61.7%21.2%56.8%7.0%0.6%-3.8M29.5M-939.0K0.493.26N/AN/A24,45711,986215,320221,469
2022-08-29$18.05$19.0058.6%16.6%62.3%22.6%57.2%6.2%-0.2%-47.2K26.9M-935.1K0.452.85N/AN/A13,2576,016172,478181,561
2022-08-30$17.76$19.0059.1%16.8%61.8%23.7%58.5%6.9%0.2%-211.7K36.1M-913.8K0.643.67N/AN/A13,0538,306177,692183,774
2022-08-31$17.45$19.0059.7%17.2%59.9%24.9%59.6%7.2%0.1%-500.5K48.0M-901.2K0.222.93N/AN/A38,6178,594183,348187,544