M Options History — June 2024

In June 2024, M traded between $18.23 and $19.36. ATM implied volatility averaged 38.2%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 3.6% (HV 20d: 34.5%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2024-06-13: Highest Volume — 41,259 contracts
  • 2024-06-17: Largest IV spike — 33.6% change
  • 2024-06-18: Highest IV Rank — 34.5%
  • 2024-06-03: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.70$18.23$19.36$18.89$19.09
Max Pain$19.11$19.00$20.00$19.00$19.00
ATM IV38.2%25.9%49.5%48.0%36.5%
Expected Move12.8%10.9%14.4%14.4%12.4%
HV 20d34.5%31.1%36.0%31.1%34.2%
HV 60d33.5%32.9%34.2%33.3%33.5%
IV Rank17.2%0.0%34.5%28.0%18.1%
IV Percentile18.8%0.0%54.8%49.2%6.7%
Term Structure-1.4%-26.8%19.1%17.1%-26.8%
VWIV45.9%41.5%56.9%51.8%48.1%
Skew 25d-1.1%-17.2%8.1%2.5%-11.2%
Skew 10d-6.5%-42.7%25.3%-23.6%9.7%
Call IV 25d36.6%22.1%48.4%40.2%43.9%
Put IV 25d35.5%22.6%47.6%42.7%32.7%
Bid-Ask Spread %64.6751.2980.6464.4777.38
Gamma HHI0.130.080.250.080.17
Net GEX-970.9K-4.9M2.0M-248.1K2.0M
Net DEX-2.8M-34.5M28.6M-19.1M-21.4M
Net VEX-615.0K-719.3K-547.8K-719.3K-596.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.183.550.410.82
Total Volume15,195.5796,28041,25917,42511,355
Total OI341,890.263219,064391,781366,090252,463

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-06-03$18.89$19.0048.0%14.4%31.1%28.0%51.8%2.5%17.1%-248.1K-19.1M-719.3K0.4164.47N/AN/A12,3335,092180,564185,526
2024-06-04$18.23$19.0049.5%14.4%33.3%31.0%56.9%6.6%4.5%-1.7M15.9M-661.7K0.3065.17N/AN/A8,1082,455185,095188,372
2024-06-05$18.81$19.0042.8%13.0%35.5%17.7%45.6%3.2%-19.5%-918.1K-14.0M-683.7K0.5857.57N/AN/A5,2042,994187,542189,304
2024-06-06$18.39$20.0044.4%13.7%35.4%20.8%45.2%6.8%-7.8%-2.7M12.3M-637.0K0.5064.02N/AN/A8,9584,499189,012191,250
2024-06-07$18.39$20.0034.4%13.1%34.6%0.8%44.4%8.1%5.3%-4.9M17.4M-626.7K3.5556.21N/AN/A5,45919,362192,429194,153
2024-06-10$18.55$19.0031.2%10.9%34.8%0.0%42.0%-5.5%10.2%-1.6M397.0K-627.6K0.3451.29N/AN/A8,7192,957184,962191,059
2024-06-11$18.77$19.0031.8%12.1%35.1%1.3%42.9%0.8%18.6%-171.0K-19.1M-612.6K1.4764.98N/AN/A2,6393,889190,680192,673
2024-06-12$19.18$19.0025.9%11.3%35.2%0.0%42.3%1.4%8.0%808.7K-34.0M-637.6K2.1160.48N/AN/A6,87614,507191,649195,276
2024-06-13$19.05$19.0027.8%12.0%34.4%3.3%44.3%1.1%18.4%-54.5K-26.0M-603.0K0.1860.26N/AN/A34,9226,337194,082197,699
2024-06-14$18.41$19.0031.4%12.4%35.9%9.4%42.8%-15.6%19.1%-4.3M26.4M-620.8K1.4660.61N/AN/A6,7849,938183,044199,138
2024-06-17$18.48$19.0042.0%13.2%36.0%27.6%44.2%2.6%-21.3%-2.0M17.6M-596.9K0.4461.44N/AN/A15,0546,629175,650186,707
2024-06-18$18.24$19.0046.0%13.8%35.6%34.5%45.7%2.5%-10.0%-2.8M26.3M-599.4K1.3158.44N/AN/A2,7133,567187,934190,693
2024-06-20$18.30$19.0044.2%13.5%32.2%31.3%46.4%1.8%-19.8%-3.2M28.6M-586.5K0.7354.54N/AN/A4,7273,467188,794192,771
2024-06-21$18.34$19.0039.0%12.7%31.4%22.4%42.7%-0.2%-22.3%-974.7K17.0M-547.8K0.7272.15N/AN/A9,6146,908190,538191,385
2024-06-24$19.09$19.0044.5%12.0%35.2%31.8%41.5%-17.2%5.6%452.9K-15.9M-585.7K0.2080.64N/AN/A15,3293,019103,684115,380
2024-06-25$19.36$19.0037.3%12.5%35.5%19.6%47.9%1.1%-3.2%1.5M-34.5M-572.1K0.8274.25N/AN/A9,0877,469111,576117,347
2024-06-26$19.04$19.0041.3%12.2%35.7%26.5%48.7%-13.6%1.5%1.5M-24.3M-575.5K1.0573.33N/AN/A4,3074,516119,473122,064
2024-06-27$18.64$19.0027.5%13.6%35.1%2.8%48.8%3.0%-4.3%717.1K-6.1M-595.4K1.0171.49N/AN/A4,4494,474121,722124,225
2024-06-28$19.09$19.0036.5%12.4%34.2%18.1%48.1%-11.2%-26.8%2.0M-21.4M-596.1K0.8277.38N/AN/A6,2305,125123,704128,759