M Options History — July 2024

In July 2024, M traded between $16.36 and $19.71. ATM implied volatility averaged 43.8%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 13.7% (HV 20d: 57.5%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2024-07-05: Highest Volume — 73,373 contracts
  • 2024-07-08: Largest IV spike — 31.2% change
  • 2024-07-24: Highest IV Rank — 51.3%
  • 2024-07-05: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.61$16.36$19.71$18.37$17.30
Max Pain$18.82$18.00$20.00$19.00$18.00
ATM IV43.8%34.2%55.8%35.1%46.0%
Expected Move12.0%7.4%14.4%10.1%10.8%
HV 20d57.5%34.9%68.3%36.4%64.9%
HV 60d42.6%32.8%47.2%33.9%45.9%
IV Rank30.7%14.1%51.3%15.8%34.5%
IV Percentile32.0%2.8%70.2%4.8%41.3%
Term Structure0.6%-22.1%22.0%4.6%-9.8%
VWIV43.4%36.1%48.5%46.2%36.9%
Skew 25d3.8%-10.1%36.2%24.6%-0.1%
Skew 10d0.3%-36.7%20.9%0.3%-2.8%
Call IV 25d39.5%23.7%46.3%23.8%44.9%
Put IV 25d43.3%23.7%64.2%48.4%44.8%
Bid-Ask Spread %62.7046.3879.8975.4579.89
Gamma HHI0.160.100.240.170.11
Net GEX-738.8K-2.6M1.5M-708.8K442.0K
Net DEX17.1M-54.6M85.6M4.5M-5.0M
Net VEX-615.5K-662.7K-552.4K-568.9K-662.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.213.000.840.80
Total Volume21,688.0914,80473,37319,2645,736
Total OI302,513.364243,746364,152243,746302,748

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$18.37$19.0035.1%10.1%36.4%15.8%46.2%24.6%4.6%-708.8K4.5M-568.9K0.8475.45N/AN/A10,4648,800115,292128,454
2024-07-02$17.82$19.0044.8%13.1%36.8%32.4%46.3%-10.1%-13.0%-1.6M29.2M-570.8K0.9757.90N/AN/A7,3937,189122,430134,617
2024-07-03$17.99$19.0038.0%12.8%34.9%20.7%45.5%8.4%0.1%-1.7M25.0M-586.0K0.7471.79N/AN/A2,7632,041125,970139,807
2024-07-05$19.71$19.0034.2%14.4%46.7%14.1%48.5%-7.7%16.5%836.3K-51.7M-611.4K0.3968.81N/AN/A52,89020,483126,615140,252
2024-07-08$19.04$20.0044.8%12.4%47.7%32.5%46.5%-4.3%2.7%159.4K-19.9M-614.8K0.7766.02N/AN/A13,15810,071132,482143,613
2024-07-09$18.94$20.0048.8%14.1%47.8%39.2%47.7%-7.1%3.3%-215.0K-18.9M-645.7K0.8962.03N/AN/A12,06910,694141,336150,731
2024-07-10$18.96$20.0044.6%13.7%47.7%32.0%48.4%2.8%4.2%-664.7K-20.1M-659.0K0.6063.98N/AN/A4,9612,992148,618159,646
2024-07-11$19.56$20.0046.0%14.0%48.8%34.4%48.2%7.5%1.2%1.5M-54.6M-656.2K0.6157.34N/AN/A9,2615,677152,264161,452
2024-07-12$19.13$20.0042.1%12.8%48.9%27.8%45.5%6.7%4.1%-23.2K-34.7M-638.6K1.0662.60N/AN/A8,2948,824155,245162,856
2024-07-15$16.73$20.0043.5%12.8%68.2%30.3%45.4%0.1%22.0%-2.6M83.6M-552.4K1.1357.12N/AN/A33,38937,617148,844153,550
2024-07-16$16.84$19.0042.8%12.2%67.6%29.0%43.6%1.7%14.2%-2.5M77.2M-587.3K0.2851.61N/AN/A20,7545,828162,246169,562
2024-07-17$16.84$19.0042.6%12.2%67.5%28.6%43.3%-1.1%-16.1%-1.8M71.0M-602.1K0.2846.38N/AN/A18,7415,201177,092172,231
2024-07-18$16.41$18.0040.9%12.1%67.9%25.7%42.5%1.8%-2.1%-784.6K85.6M-577.9K0.6956.40N/AN/A13,4989,265185,693169,877
2024-07-19$16.36$18.0042.2%11.8%67.8%27.9%38.3%1.7%2.9%-1.2M83.0M-592.9K3.0053.16N/AN/A8,56925,736192,313171,839
2024-07-22$16.66$18.0048.3%11.0%68.3%38.4%41.5%36.2%-8.5%-817.4K24.2M-631.7K0.7469.00N/AN/A11,1398,198150,831140,882
2024-07-23$16.87$18.0042.6%11.0%66.6%28.7%36.1%1.0%13.7%-413.7K13.6M-638.5K0.5258.97N/AN/A7,2433,760156,700146,046
2024-07-24$16.48$18.0055.8%7.4%66.4%51.3%38.3%1.3%-4.7%-1.3M27.0M-610.1K2.8866.17N/AN/A2,9168,406158,921145,036
2024-07-25$16.52$18.0047.3%11.2%66.4%36.7%40.9%6.5%-0.2%-1.4M26.4M-615.2K0.4166.97N/AN/A5,0592,050159,048147,996
2024-07-26$16.57$18.0042.9%11.1%66.3%29.2%42.0%2.0%11.9%-799.0K21.9M-625.4K2.1560.63N/AN/A4,4389,533161,236151,414
2024-07-29$17.02$18.0041.7%11.6%66.5%27.1%41.2%3.9%-12.0%-664.1K10.0M-637.2K1.0067.30N/AN/A10,68810,704147,861142,257
2024-07-30$17.30$18.0049.1%12.4%65.7%39.8%42.2%7.0%-22.1%83.9K-1.1M-656.5K0.2159.92N/AN/A8,7821,864151,900147,491
2024-07-31$17.30$18.0046.0%10.8%64.9%34.5%36.9%-0.1%-9.8%442.0K-5.0M-662.7K0.8079.89N/AN/A3,1852,551155,300147,448