M Options History — September 2022

In September 2022, M traded between $15.28 and $18.30. ATM implied volatility averaged 59.1%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 12.7% (HV 20d: 46.3%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2022-09-02: Highest Volume — 45,414 contracts
  • 2022-09-13: Largest IV spike — 5.7% change
  • 2022-09-30: Highest IV Rank — 29.6%
  • 2022-09-29: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.66$15.28$18.30$17.05$15.82
Max Pain$17.86$17.00$19.00$19.00$17.00
ATM IV59.1%53.5%63.0%59.9%63.0%
Expected Move17.1%15.6%18.5%17.4%17.9%
HV 20d46.3%38.9%59.7%59.7%47.0%
HV 60d56.4%52.1%61.9%61.8%52.1%
IV Rank22.8%11.5%29.6%25.3%29.6%
IV Percentile34.6%12.3%49.2%40.5%49.2%
Term Structure0.1%-1.3%1.4%-0.3%1.4%
VWIV59.4%53.6%68.0%59.2%61.7%
Skew 25d7.2%5.1%10.7%6.7%10.7%
Skew 10d13.6%9.7%19.4%11.6%19.4%
Call IV 25d56.1%50.9%59.0%57.2%58.2%
Put IV 25d63.3%56.5%68.9%64.0%68.9%
Bid-Ask Spread %2.982.186.562.362.92
Gamma HHI0.110.080.220.130.09
Net GEX164.5K-1.6M2.6M-723.6K-218.4K
Net DEX44.9M-20.0M72.9M58.2M58.5M
Net VEX-856.1K-935.5K-759.3K-883.9K-844.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.192.440.191.29
Total Volume28,403.1913,50145,41438,51228,251
Total OI376,842.524332,071415,503393,032368,910

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$17.05$19.0059.9%17.4%59.7%25.3%59.2%6.7%-0.3%-723.6K58.2M-883.9K0.192.36N/AN/A32,2696,243204,243188,789
2022-09-02$17.06$17.5059.2%16.6%59.7%23.9%58.0%5.1%0.7%-1.6M46.4M-889.5K0.323.00N/AN/A34,31011,104209,822188,521
2022-09-06$16.84$19.0060.6%17.3%56.2%26.8%61.8%6.6%-0.3%930.8K49.0M-856.5K0.592.45N/AN/A16,4649,777208,033182,372
2022-09-07$17.30$19.0057.3%16.8%51.7%19.4%58.0%6.2%0.6%1.6M30.6M-876.9K0.802.18N/AN/A15,75612,559210,831184,629
2022-09-08$17.51$19.0056.0%16.1%48.8%16.8%61.5%6.5%0.8%2.6M18.1M-907.4K0.812.77N/AN/A12,83510,391215,842188,461
2022-09-09$18.18$19.0053.5%15.6%44.8%11.5%55.1%5.6%1.2%2.1M-20.0M-935.5K0.332.25N/AN/A28,4579,417218,674189,639
2022-09-12$18.30$18.0054.0%15.7%44.0%12.5%53.6%6.5%0.5%2.5M-4.5M-919.7K0.563.12N/AN/A13,1277,407204,867184,453
2022-09-13$17.01$18.0057.1%16.5%50.2%18.9%58.5%6.1%0.4%603.3K55.0M-834.6K0.666.56N/AN/A26,69917,571209,251186,425
2022-09-14$16.56$18.0058.3%16.6%44.4%21.4%56.6%7.4%-0.3%-639.3K72.9M-835.4K0.493.18N/AN/A18,1008,841209,092192,237
2022-09-15$16.66$18.0058.3%16.7%44.3%21.5%56.3%7.0%-0.2%-448.4K64.1M-850.0K0.564.34N/AN/A17,3449,667217,400191,908
2022-09-16$16.65$18.0059.0%16.9%44.4%22.9%61.1%7.4%-0.0%-540.7K60.7M-865.1K1.162.66N/AN/A13,99716,284221,769193,734
2022-09-19$16.95$18.0059.2%17.1%43.4%23.3%58.8%8.1%-1.3%16.2K31.2M-880.1K0.452.56N/AN/A16,3527,331161,047171,024
2022-09-20$16.59$18.0060.3%17.3%42.1%25.7%59.2%7.5%-0.8%-59.3K40.4M-867.8K0.742.29N/AN/A7,7695,732172,250174,002
2022-09-21$16.46$17.5058.9%16.9%40.2%22.7%56.5%7.2%-0.3%-265.7K44.5M-858.0K0.402.77N/AN/A12,1384,861174,864176,881
2022-09-22$15.89$17.0058.7%16.9%40.6%22.4%59.4%7.0%-0.5%-890.3K62.4M-796.8K0.872.59N/AN/A15,32713,383176,144178,376
2022-09-23$15.70$17.0060.4%17.5%39.0%25.8%59.4%7.4%-0.8%-575.2K62.2M-806.0K0.862.39N/AN/A14,16612,202178,489178,015
2022-09-26$15.28$17.0061.9%18.1%38.9%28.9%62.8%7.8%-0.1%-478.5K66.3M-759.3K1.523.51N/AN/A11,76917,883166,394172,432
2022-09-27$15.76$17.0061.5%18.0%41.0%27.0%61.9%8.1%0.3%-248.4K54.9M-810.0K1.103.03N/AN/A12,09013,249170,597179,064
2022-09-28$16.55$17.0060.7%17.8%45.3%24.7%60.6%7.7%-0.2%5.7K34.2M-873.7K1.063.09N/AN/A10,82111,452171,169183,672
2022-09-29$15.82$17.0062.6%18.5%47.5%28.8%68.0%9.1%0.7%-315.5K57.2M-826.7K2.442.49N/AN/A9,62523,447173,354186,017
2022-09-30$15.82$17.0063.0%17.9%47.0%29.6%61.7%10.7%1.4%-218.4K58.5M-844.8K1.292.92N/AN/A12,33215,919175,408193,502