M Options History — May 2024

In May 2024, M traded between $18.13 and $20.36. ATM implied volatility averaged 54.7%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 23.1% (HV 20d: 31.6%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-05-28: Highest Volume — 49,219 contracts
  • 2024-05-13: Largest IV spike — 30.6% change
  • 2024-05-01: Highest IV Rank — 100.0%
  • 2024-05-15: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.50$18.13$20.36$18.13$19.39
Max Pain$18.18$18.00$19.00$18.00$19.00
ATM IV54.7%42.0%84.1%84.1%42.0%
Expected Move15.0%10.1%17.8%14.7%10.1%
HV 20d31.6%28.4%36.2%32.4%31.7%
HV 60d44.5%32.2%47.8%46.6%33.0%
IV Rank41.4%16.1%100.0%100.0%16.1%
IV Percentile59.7%23.0%100.0%100.0%23.0%
Term Structure-3.8%-19.2%16.4%-14.8%-6.3%
VWIV54.3%45.0%62.9%56.3%45.0%
Skew 25d3.9%-23.2%49.3%49.3%-0.9%
Skew 10d5.5%-45.0%50.6%50.6%1.1%
Call IV 25d51.1%29.8%66.6%44.1%44.8%
Put IV 25d55.0%31.1%93.3%93.3%43.9%
Bid-Ask Spread %58.5749.8375.9568.5759.86
Gamma HHI0.110.080.190.110.09
Net GEX3.0M-473.6K7.2M-473.6K662.4K
Net DEX-76.4M-112.7M-20.8M-20.8M-40.3M
Net VEX-818.0K-927.3K-719.6K-878.9K-719.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.131.150.591.12
Total Volume16,924.9554,50449,2196,75217,512
Total OI414,537.727327,738464,079444,870377,166

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$18.13$18.0084.1%14.7%32.4%100.0%56.3%49.3%-14.8%-473.6K-20.8M-878.9K0.5968.57N/AN/A4,2492,503219,506225,364
2024-05-02$18.98$18.0061.6%14.5%34.8%55.2%53.5%1.3%-6.4%2.3M-66.8M-911.3K0.1368.45N/AN/A12,4611,592221,126226,389
2024-05-03$19.56$18.0049.3%15.0%36.2%30.6%53.1%4.2%3.4%7.2M-112.7M-927.3K0.2756.62N/AN/A10,3912,799223,378227,312
2024-05-06$19.46$18.0042.4%15.3%31.4%16.8%54.0%3.8%9.5%2.9M-90.9M-886.8K0.5760.86N/AN/A4,4952,554214,195219,546
2024-05-07$19.48$18.0049.7%16.2%31.4%31.4%54.7%-23.2%-16.0%3.1M-90.6M-874.0K0.6353.86N/AN/A5,3983,385216,489220,950
2024-05-08$19.02$18.0057.0%16.0%31.3%45.9%55.7%24.6%0.1%1.8M-62.8M-828.9K0.3352.41N/AN/A11,1053,658217,418223,000
2024-05-09$19.38$18.0054.6%16.1%32.2%41.1%56.8%-15.1%1.8%3.8M-86.6M-855.6K0.3852.86N/AN/A3,2581,246224,142225,284
2024-05-10$19.34$18.0049.2%15.9%29.5%30.4%55.2%-15.9%-6.2%5.0M-85.9M-830.6K0.3850.66N/AN/A5,6322,160225,453225,712
2024-05-13$19.45$18.0064.3%16.1%28.4%60.4%52.9%3.4%-16.6%3.5M-93.4M-805.7K0.1857.83N/AN/A11,7632,123214,755222,454
2024-05-14$19.84$18.0065.3%16.3%29.0%62.5%59.3%-1.7%-9.9%4.7M-110.8M-820.7K0.3749.83N/AN/A5,3992,012219,421223,210
2024-05-15$19.38$18.0060.9%17.8%30.3%53.7%60.4%0.3%-1.9%3.5M-85.4M-801.6K0.6354.21N/AN/A11,2577,123221,529224,635
2024-05-16$19.61$18.0063.2%17.7%30.6%58.3%62.9%12.9%-2.3%4.5M-97.1M-825.0K0.4552.10N/AN/A6,7493,048225,782233,419
2024-05-17$19.48$18.0060.5%17.5%29.2%52.9%62.1%0.3%-1.3%3.6M-84.6M-803.1K0.5056.34N/AN/A9,6844,881228,548235,531
2024-05-20$19.07$18.0062.1%17.7%29.9%56.1%61.5%6.1%-2.2%1.1M-38.6M-779.3K1.0861.64N/AN/A20,81422,425158,756168,982
2024-05-21$19.82$18.0053.0%14.9%32.6%38.0%53.8%8.9%0.2%2.3M-71.8M-793.0K0.9953.88N/AN/A23,40923,112175,082184,582
2024-05-22$20.16$18.0047.2%13.5%32.2%26.5%50.8%3.8%-19.2%3.1M-92.0M-799.9K0.4655.41N/AN/A16,1087,465182,235194,150
2024-05-23$20.06$18.0043.2%12.4%31.1%18.5%45.8%1.9%-0.9%3.8M-83.9M-770.2K1.1575.95N/AN/A4,1934,806187,926196,178
2024-05-24$20.19$18.0042.8%13.4%31.1%17.6%47.2%1.6%-17.3%5.1M-94.9M-789.7K0.8563.27N/AN/A11,84110,066188,862198,218
2024-05-28$20.36$19.0050.1%10.7%31.1%32.1%52.2%5.4%16.4%2.5M-84.6M-770.2K0.8164.49N/AN/A27,14022,079170,523184,296
2024-05-29$19.80$19.0049.2%14.3%33.2%30.4%51.0%15.3%11.3%2.2M-62.2M-780.1K0.6557.59N/AN/A5,8923,821184,786186,354
2024-05-30$19.12$19.0051.8%14.7%35.2%35.7%50.3%-0.3%-4.3%-233.4K-24.2M-744.2K0.7361.73N/AN/A6,2214,520185,286191,900
2024-05-31$19.39$19.0042.0%10.1%31.7%16.1%45.0%-0.9%-6.3%662.4K-40.3M-719.6K1.1259.86N/AN/A8,2489,264186,025191,141