M Options History — August 2024

In August 2024, M traded between $15.07 and $17.84. ATM implied volatility averaged 50.6%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 8.1% (HV 20d: 58.7%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2024-08-21: Highest Volume — 100,792 contracts
  • 2024-08-06: Largest IV drop — 30.2% change
  • 2024-08-01: Highest IV Rank — 80.0%
  • 2024-08-01: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.01$15.07$17.84$16.70$15.54
Max Pain$17.07$16.00$18.00$18.00$16.00
ATM IV50.6%33.1%72.5%72.5%33.1%
Expected Move13.9%5.9%18.2%18.2%10.3%
HV 20d58.7%42.6%69.3%65.9%66.7%
HV 60d52.4%46.4%58.0%46.4%57.0%
IV Rank42.4%12.4%80.0%80.0%12.4%
IV Percentile50.7%2.4%97.6%97.6%2.4%
Term Structure-5.8%-23.7%14.8%9.5%-13.8%
VWIV48.9%36.0%60.3%48.9%36.0%
Skew 25d10.5%-10.9%50.1%38.5%1.1%
Skew 10d9.7%-24.0%32.6%4.1%-2.7%
Call IV 25d45.2%32.2%66.1%50.1%35.8%
Put IV 25d55.8%36.9%96.4%88.6%36.9%
Bid-Ask Spread %53.2118.72101.36101.3632.93
Gamma HHI0.170.080.410.160.24
Net GEX-766.2K-4.5M1.4M-574.9K876.8K
Net DEX27.7M-42.8M65.1M5.7M40.7M
Net VEX-624.9K-682.4K-553.7K-676.7K-653.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.404.102.200.63
Total Volume22,809.7735,500100,79214,9637,074
Total OI307,650261,394342,774303,646319,244

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$16.70$18.0072.5%18.2%65.9%80.0%48.9%38.5%9.5%-574.9K5.7M-676.7K2.20101.36N/AN/A4,67110,292155,795147,851
2024-08-02$16.01$18.0051.9%13.2%56.7%44.7%46.7%-10.9%-3.9%-4.5M56.0M-627.7K1.5740.52N/AN/A7,91212,425156,891154,441
2024-08-05$15.11$18.0064.1%15.1%58.6%65.5%54.7%3.5%-23.7%-1.1M65.1M-586.6K1.0070.70N/AN/A8,3328,304149,789141,217
2024-08-06$15.61$18.0044.8%11.8%60.7%32.3%50.9%4.7%-16.5%-1.2M49.6M-607.3K0.8273.63N/AN/A3,0152,485152,929142,921
2024-08-07$15.07$18.0055.2%16.3%61.2%50.2%56.2%47.2%-20.5%-1.2M62.1M-580.5K1.0163.28N/AN/A7,1687,272154,275144,679
2024-08-08$15.71$17.0050.8%17.1%62.3%42.7%60.3%50.1%14.8%-1.3M41.2M-618.8K0.6068.91N/AN/A8,0624,835158,532146,608
2024-08-09$15.48$17.0056.8%16.7%62.1%53.1%53.0%16.8%-5.0%-2.7M45.1M-612.2K0.9349.50N/AN/A5,6375,237162,834148,549
2024-08-12$15.82$17.0061.6%16.3%42.6%61.3%56.3%4.4%-2.5%-1.0M37.5M-601.0K0.8558.21N/AN/A8,0396,838157,716142,643
2024-08-13$16.11$17.0060.3%16.6%43.1%59.0%57.6%4.0%-2.0%-836.5K27.0M-615.3K1.8746.36N/AN/A7,57314,198162,485145,532
2024-08-14$16.05$17.0060.1%15.7%43.1%58.8%55.2%-4.1%-5.8%-1.2M32.3M-623.1K1.9863.12N/AN/A1,9113,778168,477155,763
2024-08-15$16.95$17.0058.3%15.5%46.6%55.7%55.7%5.3%-5.0%-452.8K-8.8M-646.9K0.5259.61N/AN/A11,9106,206168,157153,979
2024-08-16$17.59$17.0055.4%15.9%48.3%50.6%55.0%24.4%-5.0%1.4M-40.4M-662.5K0.4055.55N/AN/A24,0139,695173,239155,297
2024-08-19$17.84$17.0055.9%15.4%48.1%51.5%53.6%5.9%-0.1%958.3K-40.7M-665.9K0.4155.15N/AN/A25,52710,414130,682130,712
2024-08-20$17.69$17.0056.4%16.0%48.2%52.3%57.0%9.9%-20.1%1.4M-42.8M-682.4K0.9247.93N/AN/A21,57219,761146,492138,452
2024-08-21$15.54$17.0043.3%12.4%66.8%29.9%43.2%4.8%-1.9%-1.6M54.1M-553.7K0.9351.16N/AN/A52,22448,568158,527153,079
2024-08-22$15.27$17.0042.8%12.2%67.0%28.9%42.9%1.6%-1.7%-2.0M53.9M-572.0K0.4157.98N/AN/A21,0438,719171,626159,635
2024-08-23$16.00$17.0036.8%10.7%69.3%18.6%38.0%3.1%0.2%1.4M17.0M-618.8K0.6953.99N/AN/A16,39211,359179,833162,941
2024-08-26$15.86$17.0039.3%11.6%68.6%22.9%40.6%4.6%-0.3%-398.8K27.4M-612.8K4.1022.15N/AN/A6,65927,328146,562143,461
2024-08-27$15.41$16.5038.3%5.9%68.7%21.3%36.9%9.0%-21.2%-1.1M43.4M-634.0K1.5949.82N/AN/A6,60510,475149,799151,062
2024-08-28$15.32$16.0038.9%11.2%68.7%22.3%39.7%3.0%-0.3%-1.2M48.7M-648.2K0.4129.97N/AN/A7,0242,860152,479158,312
2024-08-29$15.61$16.0036.7%11.2%68.3%18.4%38.1%4.5%-3.0%-506.9K36.4M-648.0K1.2518.72N/AN/A3,7284,675155,705159,098
2024-08-30$15.54$16.0033.1%10.3%66.7%12.4%36.0%1.1%-13.8%876.8K40.7M-653.9K0.6332.93N/AN/A4,3412,733156,686162,558