M Options History — November 2024

In November 2024, M traded between $14.54 and $16.55. ATM implied volatility averaged 57.8%, placing in the 57.7% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 19.9% (HV 20d: 38.0%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2024-11-25: Highest Volume — 79,431 contracts
  • 2024-11-11: Largest IV spike — 11.8% change
  • 2024-11-12: Highest IV Rank — 67.0%
  • 2024-11-22: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.55$14.54$16.55$15.36$16.30
Max Pain$15.25$15.00$16.00$16.00$16.00
ATM IV57.8%51.4%63.6%55.1%58.7%
Expected Move16.5%14.8%18.1%15.0%17.4%
HV 20d38.0%24.1%51.1%25.6%51.1%
HV 60d36.5%30.0%41.3%39.9%35.7%
IV Rank57.7%47.4%67.0%53.3%59.1%
IV Percentile79.7%63.9%91.7%74.2%81.3%
Term Structure-3.0%-9.0%2.5%-1.4%-4.3%
VWIV57.7%51.4%64.8%53.8%59.9%
Skew 25d1.8%-6.3%11.6%1.0%0.5%
Skew 10d5.8%-1.5%21.5%8.4%-0.1%
Call IV 25d56.9%50.5%64.0%55.7%55.3%
Put IV 25d58.7%45.3%69.8%56.7%55.8%
Bid-Ask Spread %29.259.4252.6224.3317.95
Gamma HHI0.130.100.250.140.13
Net GEX152.7K-929.0K2.6M-278.2K904.1K
Net DEX14.1M-29.6M51.6M29.3M-27.3M
Net VEX-604.5K-673.0K-550.3K-594.2K-665.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.121.360.150.34
Total Volume23,954.45,54179,43129,09913,090
Total OI326,004.6298,949383,574302,298383,574

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$15.36$16.0055.1%15.0%25.6%53.3%53.8%1.0%-1.4%-278.2K29.3M-594.2K0.1524.33N/AN/A25,2243,875143,102159,196
2024-11-04$15.18$15.0052.4%15.4%24.1%49.0%54.4%2.5%-4.3%-500.7K35.3M-579.4K0.2522.48N/AN/A9,4952,395142,725156,224
2024-11-05$15.25$15.0054.3%14.8%24.1%52.1%53.5%0.5%2.5%-342.5K30.7M-585.6K0.6023.76N/AN/A4,9512,949144,014158,051
2024-11-06$16.09$15.0052.7%15.0%30.6%49.5%52.1%-6.3%-3.3%1.0M-2.4M-590.1K0.1849.56N/AN/A13,4872,434146,193160,420
2024-11-07$16.55$15.0051.4%15.0%32.0%47.4%51.4%1.9%2.0%1.8M-26.8M-596.7K0.1250.82N/AN/A33,9974,166149,253161,145
2024-11-08$15.67$15.0054.2%15.8%37.3%51.9%53.7%3.4%0.3%-3.3K7.0M-613.1K0.5252.62N/AN/A9,2084,744157,482162,396
2024-11-11$15.39$15.0060.6%16.0%36.7%62.2%56.0%11.6%-5.0%-396.9K25.1M-588.0K0.5022.27N/AN/A12,1846,078143,700157,743
2024-11-12$15.13$15.0063.6%16.3%36.0%67.0%56.9%3.9%-9.0%-697.0K36.9M-563.1K0.639.42N/AN/A5,5373,494152,118162,937
2024-11-13$15.04$15.0059.2%16.3%34.1%59.9%56.3%5.5%-2.7%-694.6K37.5M-579.4K0.5210.83N/AN/A3,6461,895155,022164,247
2024-11-14$15.52$15.0061.5%16.5%36.3%63.6%57.7%0.8%-4.5%128.8K19.2M-584.0K0.3510.48N/AN/A27,4009,604156,536165,024
2024-11-15$15.46$15.0059.9%16.5%36.3%61.0%57.5%4.6%-1.9%2.6M20.9M-610.0K0.4228.92N/AN/A9,6014,018172,522172,044
2024-11-18$15.18$15.0059.3%16.7%36.8%60.1%58.1%2.2%-1.7%-578.5K34.1M-583.2K0.8217.60N/AN/A11,5099,400150,490161,472
2024-11-19$15.23$15.0059.8%17.0%36.1%60.8%58.7%2.7%-3.2%-420.8K28.7M-582.6K0.4721.20N/AN/A7,5353,545153,341159,384
2024-11-20$14.54$15.0061.1%17.5%38.5%62.9%64.8%1.2%-2.6%-929.0K51.6M-550.3K0.9641.11N/AN/A8,5248,184158,146161,953
2024-11-21$15.02$15.0060.9%17.6%40.4%62.6%60.1%1.3%-3.7%-314.1K32.5M-575.8K0.9340.35N/AN/A11,31610,544163,472162,283
2024-11-22$16.30$15.0061.1%18.1%50.0%62.9%63.6%-1.4%-6.3%172.9K-29.6M-673.0K0.4134.88N/AN/A36,61815,189166,126169,368
2024-11-25$15.86$16.0059.1%17.5%51.1%59.7%63.3%-1.0%-4.9%354.6K-4.6M-651.7K0.8039.21N/AN/A44,21835,213163,004175,720
2024-11-26$15.84$16.0056.7%17.5%51.1%55.9%61.8%1.1%-3.3%477.0K-2.0M-669.9K1.3629.06N/AN/A17,39823,604174,981194,739
2024-11-27$16.09$16.0055.1%17.3%51.0%53.3%60.8%0.6%-2.5%819.9K-15.0M-654.1K0.5138.17N/AN/A15,1247,695177,284202,661
2024-11-29$16.30$16.0058.7%17.4%51.1%59.1%59.9%0.5%-4.3%904.1K-27.3M-665.2K0.3417.95N/AN/A9,8023,288180,910202,664