M Options History — April 2024

In April 2024, M traded between $18.37 and $20.01. ATM implied volatility averaged 54.8%, placing in the 48.2% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 18.8% (HV 20d: 36.0%). Max pain ranged from $17.00 to $20.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2024-04-04: Highest Volume — 48,747 contracts
  • 2024-04-25: Largest IV spike — 15.3% change
  • 2024-04-25: Highest IV Rank — 74.5%
  • 2024-04-18: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.98$18.37$20.01$19.59$18.44
Max Pain$17.59$17.00$20.00$20.00$18.00
ATM IV54.8%46.2%66.2%46.2%54.7%
Expected Move15.2%13.5%17.1%13.5%15.4%
HV 20d36.0%32.0%55.8%55.8%32.0%
HV 60d46.2%44.7%47.0%44.7%46.5%
IV Rank48.2%28.3%74.5%28.3%48.1%
IV Percentile64.9%43.3%84.9%43.3%63.1%
Term Structure-1.8%-29.3%28.1%4.4%-3.2%
VWIV53.2%48.0%58.3%49.2%54.3%
Skew 25d3.8%-17.7%17.3%4.5%-4.9%
Skew 10d7.8%-41.9%32.7%14.6%3.9%
Call IV 25d53.0%43.8%65.5%46.5%59.2%
Put IV 25d56.9%39.3%70.0%50.9%54.3%
Bid-Ask Spread %64.0944.6872.5660.4565.64
Gamma HHI0.100.080.160.090.10
Net GEX1.3M-2.3M5.3M1.7M438.3K
Net DEX-57.0M-134.0M-4.2M-74.1M-38.2M
Net VEX-998.4K-1.1M-899.5K-962.6K-899.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.201.370.380.39
Total Volume15,935.6824,29948,74720,4374,892
Total OI470,529.545422,145507,300428,643443,619

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$19.59$20.0046.2%13.5%55.8%28.3%49.2%4.5%4.4%1.7M-74.1M-962.6K0.3860.45N/AN/A14,7855,652201,619227,024
2024-04-02$19.06$20.0048.5%13.8%32.1%33.7%48.0%-3.6%2.0%761.1K-38.9M-990.4K0.3872.47N/AN/A18,7657,171213,525231,671
2024-04-03$18.94$20.0048.1%14.4%32.1%32.8%51.0%-5.1%9.3%464.6K-36.6M-1.0M0.8559.46N/AN/A11,0759,393226,678236,155
2024-04-04$18.37$17.0049.0%15.7%33.2%34.9%53.0%4.7%-2.5%-258.9K-4.2M-1.0M0.4866.96N/AN/A33,02115,726235,173239,785
2024-04-05$18.48$17.0054.8%16.6%32.9%48.3%56.4%4.5%0.7%-1.9M-18.2M-1.1M0.8369.78N/AN/A13,22110,910259,239239,612
2024-04-08$19.45$17.0050.9%16.4%35.6%39.2%58.3%6.2%4.2%3.4M-95.7M-1.1M0.3370.10N/AN/A13,2464,418252,199236,545
2024-04-09$19.57$17.0050.8%16.3%35.5%38.9%58.2%9.8%-1.9%3.9M-105.8M-1.1M0.6065.59N/AN/A7,0584,268256,342238,905
2024-04-10$20.01$17.0055.8%15.4%36.4%50.5%53.1%5.9%-0.9%5.1M-134.0M-1.1M0.3344.68N/AN/A14,0564,652258,138240,561
2024-04-11$19.98$17.0056.4%16.3%36.3%51.9%52.3%5.4%-4.8%5.3M-131.0M-1.1M0.7657.15N/AN/A5,5484,239257,527241,432
2024-04-12$19.27$17.0050.1%15.3%36.8%37.5%51.0%3.8%5.4%3.5M-69.4M-1.0M0.3863.38N/AN/A8,8793,334258,585242,963
2024-04-15$18.86$17.0053.6%14.8%37.2%45.4%53.6%4.8%-29.3%804.8K-41.1M-979.0K0.9063.67N/AN/A11,1379,980246,998236,554
2024-04-16$19.05$17.0053.2%15.1%37.5%44.5%53.6%4.8%-24.4%1.4M-52.2M-1.0M0.2063.42N/AN/A5,9151,179253,577242,192
2024-04-17$19.05$17.0058.2%16.7%36.9%56.2%51.5%16.3%-21.5%1.8M-60.8M-1.0M0.4172.56N/AN/A6,9592,878256,725240,933
2024-04-18$19.02$17.0058.7%17.1%36.7%57.3%55.2%1.5%-8.0%1.7M-58.6M-969.4K0.5761.76N/AN/A2,7381,561261,349240,795
2024-04-19$18.56$17.0054.0%15.5%37.1%46.4%53.0%0.9%21.7%-1.5M-26.1M-952.9K0.6662.16N/AN/A9,4896,227265,822241,478
2024-04-22$18.84$17.0055.4%14.7%37.2%49.7%51.9%0.5%9.1%1.5M-49.7M-978.5K0.4162.20N/AN/A11,2334,608211,547210,598
2024-04-23$19.09$17.0057.7%14.2%36.1%54.9%54.1%17.3%4.8%2.2M-72.3M-968.0K0.9763.54N/AN/A8,9818,750218,645213,463
2024-04-24$18.76$17.0057.4%13.7%35.4%54.2%51.5%-4.2%-13.5%1.2M-53.3M-950.6K0.6867.77N/AN/A3,1812,155224,535218,036
2024-04-25$18.38$18.0066.2%14.1%33.5%74.5%52.0%-17.7%28.1%-69.4K-27.4M-931.3K0.4962.92N/AN/A5,7012,793225,666221,157
2024-04-26$18.43$18.0063.1%14.1%33.5%67.4%53.0%15.8%-13.9%-2.3M-30.0M-919.2K1.3767.76N/AN/A8,05111,023227,477222,455
2024-04-29$18.45$18.0062.8%14.5%33.3%66.7%56.8%13.4%-4.9%427.2K-37.0M-919.6K0.5166.50N/AN/A7,7573,980212,464221,887
2024-04-30$18.44$18.0054.7%15.4%32.0%48.1%54.3%-4.9%-3.2%438.3K-38.2M-899.5K0.3965.64N/AN/A3,5231,369218,643224,976