M Options History — November 2022

In November 2022, M traded between $18.81 and $23.70. ATM implied volatility averaged 62.4%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 7.8% (HV 20d: 54.5%). Max pain ranged from $19.00 to $21.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.32.

Notable Days

2022-11-17: Highest Volume — 175,608 contracts
2022-11-17: Largest IV drop — 24.1% change
2022-11-16: Highest IV Rank — 56.4%
2022-11-02: Largest Expected Move — 22.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.42	$18.81	$23.70	$20.76	$23.51
Max Pain	$20.33	$19.00	$21.50	$19.00	$21.50
ATM IV	62.4%	48.7%	75.7%	67.4%	48.7%
Expected Move	18.2%	14.6%	22.4%	22.0%	14.6%
HV 20d	54.5%	30.9%	71.1%	30.9%	70.8%
HV 60d	49.5%	44.1%	54.3%	48.5%	53.7%
IV Rank	27.9%	0.0%	56.4%	38.5%	0.0%
IV Percentile	41.7%	0.0%	87.7%	61.9%	0.0%
Term Structure	-1.2%	-4.4%	1.5%	-1.4%	0.7%
VWIV	64.3%	52.9%	78.1%	78.1%	57.4%
Skew 25d	7.8%	5.4%	12.2%	9.0%	5.5%
Skew 10d	15.8%	10.1%	22.0%	17.8%	13.0%
Call IV 25d	58.7%	46.7%	69.8%	63.4%	46.7%
Put IV 25d	66.5%	52.2%	82.1%	72.4%	52.2%
Bid-Ask Spread %	3.07	2.17	4.48	2.72	2.36
Gamma HHI	0.09	0.06	0.18	0.08	0.09
Net GEX	1.8M	-396.1K	6.2M	1.1M	2.5M
Net DEX	-92.2M	-193.6M	12.7M	-70.9M	-150.0M
Net VEX	-1.0M	-1.1M	-986.9K	-1.0M	-1.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.32	0.36	2.50	2.30	0.79
Total Volume	53,656.048	14,688	175,608	22,222	20,961
Total OI	429,941	385,640	561,100	385,640	433,926

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
2022-11-01	$20.76	$19.00	67.4%	22.0%	30.9%	38.5%	78.1%	9.0%	-1.4%	1.1M	-70.9M	-1.0M	2.30	2.72	N/A	N/A	6,725	15,497	177,929	207,711
2022-11-02	$19.70	$19.00	67.0%	22.4%	37.6%	37.7%	74.2%	8.6%	-1.9%	289.1K	-24.5M	-1.0M	2.01	3.67	N/A	N/A	17,107	34,323	180,359	212,539
2022-11-03	$19.86	$20.00	66.9%	18.7%	37.4%	37.6%	65.0%	7.1%	-1.7%	-347.5K	-28.9M	-1.0M	2.12	3.31	N/A	N/A	10,827	22,968	174,053	218,257
2022-11-04	$19.58	$20.00	67.2%	18.6%	38.0%	38.2%	64.3%	7.9%	-2.0%	-20.2K	-15.6M	-1.0M	2.46	3.59	N/A	N/A	8,902	21,896	177,005	223,661
2022-11-07	$19.66	$20.00	68.7%	19.2%	37.4%	41.3%	67.7%	8.2%	-1.1%	60.7K	-20.2M	-997.0K	1.15	3.29	N/A	N/A	14,360	16,454	171,211	217,232
2022-11-08	$19.75	$20.00	69.5%	19.5%	37.2%	43.0%	69.4%	8.8%	-1.1%	335.3K	-29.1M	-1.0M	1.42	2.67	N/A	N/A	13,148	18,636	179,689	221,246
2022-11-09	$18.81	$20.00	71.2%	20.4%	41.9%	46.7%	70.9%	8.8%	0.0%	-396.1K	12.7M	-986.9K	1.55	3.36	N/A	N/A	12,916	19,998	182,199	224,583
2022-11-10	$20.17	$20.00	70.2%	19.9%	48.1%	44.5%	68.7%	9.2%	-0.9%	1.2M	-52.6M	-1.0M	0.77	3.59	N/A	N/A	18,594	14,343	187,949	224,971
2022-11-11	$21.17	$20.00	69.2%	19.5%	49.3%	42.4%	68.9%	8.8%	-1.3%	2.0M	-99.7M	-1.0M	1.70	2.66	N/A	N/A	13,385	22,808	190,258	224,570
2022-11-14	$20.74	$20.00	71.2%	20.3%	48.6%	46.8%	71.0%	9.3%	-2.1%	432.6K	-60.5M	-1.0M	1.27	2.35	N/A	N/A	29,539	37,517	184,064	230,820
2022-11-15	$21.39	$20.00	71.9%	20.6%	48.7%	48.1%	72.9%	8.7%	-4.4%	964.2K	-92.4M	-1.0M	1.06	3.33	N/A	N/A	30,835	32,801	194,937	241,348
2022-11-16	$19.84	$20.00	75.7%	21.7%	56.4%	56.4%	77.5%	12.2%	-4.4%	-176.8K	-10.9M	-1.0M	1.26	4.48	N/A	N/A	65,316	82,540	208,119	253,466
2022-11-17	$22.50	$20.00	57.5%	16.6%	71.1%	17.3%	58.3%	6.9%	-1.6%	4.6M	-193.6M	-1.0M	0.62	3.30	N/A	N/A	108,510	67,098	233,729	286,281
2022-11-18	$22.30	$21.00	55.9%	16.2%	70.0%	14.1%	56.6%	6.9%	-1.6%	4.9M	-190.8M	-1.1M	0.83	2.17	N/A	N/A	41,720	34,441	254,659	306,441
2022-11-21	$22.60	$21.00	54.6%	15.7%	69.4%	11.2%	55.9%	7.5%	-1.0%	2.2M	-118.4M	-1.1M	2.50	2.81	N/A	N/A	21,156	52,800	177,586	226,844
2022-11-22	$23.58	$21.00	51.9%	15.1%	70.1%	5.4%	56.3%	5.4%	-0.1%	3.3M	-173.0M	-1.1M	1.30	2.96	N/A	N/A	33,481	43,373	183,412	252,013
2022-11-23	$23.41	$21.00	51.2%	14.8%	70.2%	4.0%	54.9%	6.3%	-0.6%	5.3M	-162.8M	-1.1M	0.68	3.06	N/A	N/A	24,685	16,888	196,081	258,977
2022-11-25	$23.70	$21.00	51.7%	15.1%	70.3%	5.0%	52.9%	6.2%	-0.5%	6.2M	-183.9M	-1.1M	0.93	3.33	N/A	N/A	7,621	7,067	202,145	264,740
2022-11-28	$23.16	$21.00	51.8%	15.6%	71.0%	5.2%	56.0%	6.6%	1.2%	1.8M	-123.4M	-1.1M	0.36	2.70	N/A	N/A	32,856	11,975	177,899	234,568
2022-11-29	$23.54	$21.50	50.5%	15.2%	71.0%	2.4%	53.7%	5.6%	1.5%	2.5M	-148.3M	-1.1M	0.59	2.85	N/A	N/A	13,038	7,672	190,489	240,795
2022-11-30	$23.51	$21.50	48.7%	14.6%	70.8%	0.0%	57.4%	5.5%	0.7%	2.5M	-150.0M	-1.1M	0.79	2.36	N/A	N/A	11,688	9,273	190,789	243,137