M Options History — September 2024

In September 2024, M traded between $14.32 and $15.68. ATM implied volatility averaged 34.2%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 11.3% (HV 20d: 45.5%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2024-09-10: Highest Volume — 20,153 contracts
  • 2024-09-12: Largest IV spike — 57.3% change
  • 2024-09-23: Highest IV Rank — 26.5%
  • 2024-09-03: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.04$14.32$15.68$15.57$15.68
Max Pain$15.10$15.00$16.00$16.00$15.00
ATM IV34.2%21.9%38.5%34.9%36.7%
Expected Move10.8%9.9%12.8%12.8%10.5%
HV 20d45.5%23.1%63.3%63.3%25.7%
HV 60d56.3%52.3%57.0%56.8%52.3%
IV Rank18.1%0.0%26.5%15.4%23.8%
IV Percentile6.4%0.0%13.1%5.6%9.9%
Term Structure-0.3%-13.6%17.5%-8.8%3.4%
VWIV38.1%34.8%45.2%43.6%37.3%
Skew 25d-2.1%-16.4%11.2%5.7%2.6%
Skew 10d2.6%-14.5%21.3%3.5%7.8%
Call IV 25d33.3%18.3%38.9%31.0%34.9%
Put IV 25d31.2%19.5%41.6%36.6%37.5%
Bid-Ask Spread %45.7913.7576.4055.3713.75
Gamma HHI0.180.130.220.180.13
Net GEX-1.1M-1.9M26.2K-1.0M26.2K
Net DEX48.3M14.7M80.6M40.8M14.7M
Net VEX-632.9K-663.7K-581.1K-641.7K-654.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.211.281.280.21
Total Volume9,518.14,00520,15311,61712,450
Total OI307,802.85270,466332,442294,265285,239

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$15.57$16.0034.9%12.8%63.3%15.4%43.6%5.7%-8.8%-1.0M40.8M-641.7K1.2855.37N/AN/A5,1046,513139,462154,803
2024-09-04$15.23$16.0030.5%12.4%62.7%7.8%45.2%-0.3%-3.6%-1.1M52.3M-629.1K0.6864.69N/AN/A5,1233,496142,147158,353
2024-09-05$14.93$15.0035.8%11.1%61.9%17.0%38.2%-15.8%2.3%-1.7M62.9M-622.6K0.2968.55N/AN/A12,1723,582145,255160,867
2024-09-06$14.63$15.0033.3%9.9%60.2%12.6%35.9%-4.8%6.1%-1.9M72.2M-610.7K0.8347.07N/AN/A6,2985,207151,614162,532
2024-09-09$14.54$15.0038.5%11.1%60.0%21.5%37.4%-5.9%-1.8%-1.7M74.6M-594.7K0.3866.70N/AN/A5,6222,129145,170162,293
2024-09-10$14.32$15.0032.6%11.7%59.4%11.4%39.3%-12.9%0.1%-1.7M80.6M-581.1K0.9871.15N/AN/A10,2009,953147,451163,276
2024-09-11$14.61$15.0021.9%11.4%59.5%0.0%42.5%-0.9%17.5%-1.7M70.5M-632.5K0.5925.96N/AN/A6,4693,798153,081168,858
2024-09-12$14.68$15.0034.5%11.2%59.6%20.2%39.6%11.2%11.0%-1.5M70.0M-621.9K0.7529.69N/AN/A4,2703,194157,384171,214
2024-09-13$15.07$15.0038.0%11.1%56.7%25.9%38.5%-2.1%1.2%-755.2K51.5M-663.7K0.3730.81N/AN/A5,3211,985158,911173,531
2024-09-16$14.98$15.0038.1%11.3%54.4%26.0%40.0%4.6%-3.0%-1.3M50.6M-623.7K0.6016.22N/AN/A4,2832,552154,736164,856
2024-09-17$15.09$15.0037.9%11.1%54.1%25.7%38.6%3.8%6.2%-1.1M46.3M-643.9K0.8014.82N/AN/A3,9163,136157,070165,991
2024-09-18$15.18$15.0036.9%10.6%54.3%24.0%37.3%3.5%0.8%-946.3K40.6M-647.6K0.7566.60N/AN/A2,6121,956157,628167,059
2024-09-19$15.36$15.0034.7%10.2%29.9%20.6%35.2%3.4%1.4%-464.6K32.9M-645.5K1.0351.32N/AN/A3,5483,645158,563167,459
2024-09-20$15.34$15.0033.7%10.3%29.2%18.9%36.6%4.4%-13.4%-578.4K31.2M-649.7K0.8617.16N/AN/A4,0633,507161,298166,635
2024-09-23$15.11$15.0038.4%10.0%23.9%26.5%35.0%3.5%-13.6%-861.3K37.9M-619.3K0.7062.09N/AN/A9,0256,316120,885149,581
2024-09-24$15.16$15.0028.3%10.1%23.9%10.2%35.4%-2.4%1.9%-1.1M36.9M-623.8K0.2276.40N/AN/A10,6352,384126,728154,669
2024-09-25$14.82$15.0035.6%9.9%23.1%22.0%34.8%-16.4%-11.6%-1.2M43.8M-644.1K0.8234.29N/AN/A2,2041,801136,554155,107
2024-09-26$15.16$15.0030.0%10.3%24.7%12.9%36.4%-9.1%-6.8%-932.7K30.5M-647.5K0.5933.20N/AN/A2,6081,540137,766156,010
2024-09-27$15.27$15.0034.5%10.0%23.8%20.2%35.7%-13.2%5.6%-473.4K25.5M-659.2K0.3170.06N/AN/A5,9271,818138,943157,078
2024-09-30$15.68$15.0036.7%10.5%25.7%23.8%37.3%2.6%3.4%26.2K14.7M-654.8K0.2113.75N/AN/A10,2472,203133,212152,027