M Options History — October 2022

In October 2022, M traded between $16.13 and $21.13. ATM implied volatility averaged 65.6%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 19.7%. IV traded above realized volatility by 20.2% (HV 20d: 45.5%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.01.

Notable Days

2022-10-28: Highest Volume — 51,117 contracts
2022-10-04: Largest IV drop — 7.7% change
2022-10-19: Highest IV Rank — 45.2%
2022-10-31: Largest Expected Move — 21.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.69	$16.13	$21.13	$16.13	$20.96
Max Pain	$18.10	$17.00	$19.00	$17.00	$19.00
ATM IV	65.6%	58.0%	70.5%	62.8%	67.5%
Expected Move	19.7%	16.6%	21.9%	18.4%	21.9%
HV 20d	45.5%	35.9%	53.9%	47.7%	36.7%
HV 60d	51.3%	49.4%	53.4%	52.3%	49.5%
IV Rank	35.0%	19.0%	45.2%	29.2%	38.9%
IV Percentile	56.6%	23.8%	73.8%	48.4%	63.1%
Term Structure	0.1%	-5.0%	5.4%	1.2%	-1.6%
VWIV	69.8%	57.5%	78.3%	63.0%	76.7%
Skew 25d	9.0%	7.4%	13.9%	9.4%	9.4%
Skew 10d	17.4%	14.2%	23.2%	16.3%	15.8%
Call IV 25d	61.2%	55.0%	67.0%	57.9%	62.4%
Put IV 25d	70.2%	62.4%	76.9%	67.3%	71.8%
Bid-Ask Spread %	3.62	2.40	8.41	2.45	4.84
Gamma HHI	0.10	0.06	0.28	0.09	0.08
Net GEX	1.2M	-449.1K	2.7M	-449.1K	1.2M
Net DEX	-29.2M	-89.7M	49.8M	49.8M	-79.0M
Net VEX	-956.9K	-1.0M	-855.2K	-855.2K	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.01	0.33	1.72	0.93	1.42
Total Volume	28,148.905	12,359	51,117	20,020	12,359
Total OI	372,418.857	337,077	395,355	353,419	381,146

Daily Data (21 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
2022-10-03	$16.13	$17.00	62.8%	18.4%	47.7%	29.2%	63.0%	9.4%	1.2%	-449.1K	49.8M	-855.2K	0.93	2.45	N/A	N/A	10,376	9,644	165,172	188,247
2022-10-04	$17.29	$17.00	58.0%	16.6%	53.9%	19.0%	57.5%	7.4%	0.3%	411.1K	11.1M	-923.6K	0.55	3.84	N/A	N/A	18,819	10,352	169,971	190,298
2022-10-05	$17.59	$17.00	59.0%	16.9%	53.4%	21.1%	59.4%	7.8%	1.5%	859.0K	-1.4M	-945.4K	0.39	3.12	N/A	N/A	24,900	9,725	176,057	192,801
2022-10-06	$17.51	$19.00	59.4%	18.0%	53.3%	21.9%	63.5%	7.5%	3.0%	1.9M	-1.9M	-935.7K	0.33	3.15	N/A	N/A	24,834	8,217	184,212	194,692
2022-10-07	$17.43	$19.00	59.8%	19.1%	51.4%	22.8%	67.8%	8.3%	2.5%	1.1M	5.8M	-920.8K	1.00	3.91	N/A	N/A	13,623	13,633	182,820	196,654
2022-10-10	$17.24	$18.00	64.1%	19.4%	51.4%	32.1%	67.9%	10.8%	4.3%	286.1K	16.7M	-913.4K	0.68	2.81	N/A	N/A	17,662	11,923	174,399	192,701
2022-10-11	$17.57	$18.00	64.4%	19.5%	44.7%	32.6%	68.3%	8.4%	3.7%	984.1K	-651.8K	-942.8K	1.54	3.00	N/A	N/A	9,356	14,408	182,154	196,548
2022-10-12	$17.68	$18.00	66.2%	20.0%	43.4%	36.3%	70.9%	13.9%	3.1%	1.1M	-5.6M	-940.3K	1.37	5.89	N/A	N/A	7,650	10,455	183,471	198,417
2022-10-13	$17.92	$18.00	63.8%	19.5%	43.6%	31.3%	68.2%	8.9%	5.4%	1.3M	-12.5M	-934.3K	0.94	2.84	N/A	N/A	12,351	11,615	183,360	198,740
2022-10-14	$17.57	$18.00	66.1%	19.6%	44.3%	36.3%	78.3%	7.8%	3.9%	2.7M	-316.7K	-911.0K	0.74	3.27	N/A	N/A	21,709	15,978	183,892	200,096
2022-10-17	$18.36	$18.00	69.4%	20.5%	46.5%	42.8%	74.4%	10.4%	-3.3%	1.6M	-25.0M	-934.5K	1.18	3.49	N/A	N/A	12,938	15,224	180,390	193,087
2022-10-18	$18.90	$18.00	69.8%	20.3%	46.2%	43.8%	71.8%	10.2%	-3.4%	2.0M	-47.1M	-959.4K	1.20	2.70	N/A	N/A	13,997	16,854	184,104	196,146
2022-10-19	$18.65	$18.00	70.5%	20.2%	46.5%	45.2%	70.4%	9.4%	-2.5%	2.0M	-37.4M	-957.0K	0.86	4.45	N/A	N/A	12,972	11,110	185,736	200,888
2022-10-20	$18.55	$18.00	70.3%	20.3%	44.1%	44.8%	70.3%	9.9%	-2.3%	2.1M	-33.4M	-941.7K	1.15	8.41	N/A	N/A	10,137	11,623	187,786	202,646
2022-10-21	$19.44	$18.00	69.9%	20.5%	45.5%	44.0%	70.2%	9.7%	-5.0%	1.5M	-73.7M	-983.8K	1.10	2.40	N/A	N/A	12,251	13,420	189,542	205,813
2022-10-24	$20.08	$18.00	70.2%	21.3%	43.9%	44.5%	75.6%	8.6%	-1.8%	608.9K	-53.6M	-990.3K	1.04	3.16	N/A	N/A	10,827	11,242	151,827	185,250
2022-10-25	$20.69	$18.00	67.2%	20.7%	43.8%	38.2%	73.3%	7.8%	-1.1%	888.4K	-74.5M	-1.0M	0.71	3.24	N/A	N/A	21,419	15,202	155,664	189,940
2022-10-26	$20.81	$18.00	66.5%	20.5%	41.8%	36.6%	73.8%	7.9%	-2.3%	786.8K	-80.3M	-1.0M	1.55	3.03	N/A	N/A	14,038	21,829	161,926	194,807
2022-10-27	$20.93	$19.00	66.7%	20.6%	36.2%	37.1%	73.4%	7.7%	-2.0%	778.3K	-81.2M	-1.0M	1.72	3.33	N/A	N/A	9,305	16,033	163,253	202,067
2022-10-28	$21.13	$19.00	66.7%	20.6%	35.9%	37.1%	70.4%	8.8%	-1.9%	1.4M	-89.7M	-1.0M	0.90	2.72	N/A	N/A	26,967	24,150	166,472	207,604
2022-10-31	$20.96	$19.00	67.5%	21.9%	36.7%	38.9%	76.7%	9.4%	-1.6%	1.2M	-79.0M	-1.0M	1.42	4.84	N/A	N/A	5,105	7,254	175,553	205,593