M Options History — October 2023

In October 2023, M traded between $10.55 and $12.18. ATM implied volatility averaged 56.1%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 22.4% (HV 20d: 33.7%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-10-17: Highest Volume — 41,771 contracts
  • 2023-10-18: Largest IV spike — 12.2% change
  • 2023-10-27: Highest IV Rank — 87.8%
  • 2023-10-31: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.37$10.55$12.18$11.55$12.18
Max Pain$12.18$11.00$13.00$11.00$12.00
ATM IV56.1%43.6%71.9%43.6%69.0%
Expected Move17.6%12.6%24.0%12.6%24.0%
HV 20d33.7%31.3%36.8%32.7%34.0%
HV 60d40.8%39.2%42.6%40.4%42.6%
IV Rank51.2%22.3%87.8%22.3%81.1%
IV Percentile61.1%23.8%97.2%23.8%92.5%
Term Structure0.3%-4.3%8.9%-0.6%-3.4%
VWIV61.3%45.5%82.8%45.5%82.8%
Skew 25d3.2%1.3%6.0%3.0%5.1%
Skew 10d3.9%-1.0%9.1%3.0%9.1%
Call IV 25d55.3%43.0%71.6%43.0%65.8%
Put IV 25d58.5%46.0%75.8%46.0%70.8%
Bid-Ask Spread %2.681.833.782.233.16
Gamma HHI0.140.110.220.170.11
Net GEX348.9K-1.5M2.1M1.2M476.5K
Net DEX50.3M16.2M95.0M40.5M16.2M
Net VEX-695.9K-756.0K-612.8K-691.7K-738.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.152.400.510.57
Total Volume20,494.4099,50441,77116,7509,504
Total OI507,810.455471,260537,643471,260506,401

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$11.55$11.0043.6%12.6%32.7%22.3%45.5%3.0%-0.6%1.2M40.5M-691.7K0.512.23N/AN/A11,1165,634261,765209,495
2023-10-03$11.41$11.0045.0%13.2%32.7%25.5%46.3%2.3%0.6%1.2M45.2M-709.1K0.153.17N/AN/A15,6902,412269,625213,112
2023-10-04$11.48$11.0044.4%13.0%32.4%24.3%46.9%2.6%0.7%2.1M37.7M-715.8K0.462.35N/AN/A11,0345,024284,337213,849
2023-10-05$11.14$13.0046.8%14.7%33.4%29.7%52.3%2.2%-0.0%1.2M61.7M-682.1K0.963.04N/AN/A16,41315,831288,958215,218
2023-10-06$11.18$13.0046.7%15.1%32.8%29.4%52.9%2.0%-0.0%219.1K58.4M-702.0K0.282.49N/AN/A25,8007,171294,449222,973
2023-10-09$11.05$13.0046.6%15.6%31.6%29.2%54.2%2.1%7.9%132.2K68.8M-674.3K0.603.22N/AN/A9,9055,985278,930218,672
2023-10-10$11.18$13.0045.4%15.1%31.9%26.5%52.4%2.4%7.4%291.2K63.7M-684.4K0.592.23N/AN/A7,5734,480282,536220,956
2023-10-11$11.02$13.0044.0%14.8%32.0%23.2%52.1%2.6%7.1%-70.7K73.4M-661.7K0.592.54N/AN/A6,3723,755286,350223,437
2023-10-12$10.80$13.0044.7%14.9%32.6%24.8%52.3%3.1%8.8%-668.4K85.8M-628.9K0.452.08N/AN/A7,5313,391288,211224,519
2023-10-13$10.55$13.0048.4%15.6%33.2%33.3%54.7%2.3%8.9%-1.5M95.0M-612.8K0.612.93N/AN/A12,4507,590292,608225,724
2023-10-16$10.93$12.0052.3%15.7%33.5%42.6%54.6%3.4%0.0%-356.7K74.9M-641.6K0.371.83N/AN/A16,8226,222279,241221,765
2023-10-17$11.46$12.0056.7%16.6%36.8%52.6%56.9%1.3%-1.8%629.3K44.7M-693.0K0.422.61N/AN/A29,32112,450284,368225,008
2023-10-18$11.41$12.0063.6%18.2%36.0%68.5%63.3%2.8%-3.1%652.3K42.5M-708.2K2.032.71N/AN/A7,23214,713300,298231,700
2023-10-19$11.34$12.0062.6%18.1%36.1%66.4%63.9%3.1%-3.0%541.1K46.8M-707.7K0.963.14N/AN/A8,7638,376303,007234,065
2023-10-20$11.50$12.0062.9%18.4%36.4%67.0%63.6%2.4%-3.7%846.8K37.5M-711.4K0.902.31N/AN/A8,5607,670304,000233,643
2023-10-23$11.39$12.0065.0%19.8%35.9%71.9%68.9%4.5%-2.4%-194.0K50.6M-690.6K0.972.54N/AN/A12,25911,875266,633218,346
2023-10-24$11.55$12.0065.3%20.0%35.0%72.4%69.1%6.0%-2.5%54.6K42.1M-705.7K1.492.00N/AN/A9,68114,456271,723222,959
2023-10-25$11.54$12.0068.6%21.4%35.0%80.2%74.5%4.0%-3.6%259.4K40.1M-714.5K2.402.99N/AN/A10,70025,703276,992229,151
2023-10-26$11.86$12.0070.9%22.7%31.3%85.4%79.1%3.9%-3.9%588.3K23.8M-756.0K0.452.90N/AN/A14,1276,381280,735240,769
2023-10-27$11.64$12.0071.9%23.2%31.9%87.8%80.1%4.2%-4.3%-233.9K34.5M-741.9K0.603.78N/AN/A9,4745,723280,242241,896
2023-10-30$12.07$12.0069.5%23.3%34.3%82.2%81.3%4.6%-3.1%194.5K21.8M-737.5K0.532.76N/AN/A10,2745,434268,452234,712
2023-10-31$12.18$12.0069.0%24.0%34.0%81.1%82.8%5.1%-3.4%476.5K16.2M-738.5K0.573.16N/AN/A6,0553,449271,726234,675