M Options History — December 2024

In December 2024, M traded between $15.82 and $17.88. ATM implied volatility averaged 47.8%, placing in the 41.6% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 2.8% (HV 20d: 45.0%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2024-12-11: Highest Volume — 127,619 contracts
  • 2024-12-11: Largest IV drop — 19.3% change
  • 2024-12-09: Highest IV Rank — 56.8%
  • 2024-12-04: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.67$15.82$17.88$16.91$16.94
Max Pain$16.86$16.00$17.00$16.00$17.00
ATM IV47.8%39.6%57.3%51.7%46.0%
Expected Move14.5%12.4%18.7%17.9%14.6%
HV 20d45.0%33.1%53.4%52.5%41.8%
HV 60d37.7%36.1%41.2%36.1%41.0%
IV Rank41.6%28.5%56.8%47.9%38.7%
IV Percentile47.0%19.0%78.2%62.3%40.1%
Term Structure-0.9%-9.7%4.3%-9.7%-1.1%
VWIV51.8%43.4%64.5%62.7%51.4%
Skew 25d-2.1%-26.0%2.8%-2.2%2.8%
Skew 10d0.3%-21.4%24.4%9.5%21.4%
Call IV 25d49.2%40.1%58.1%57.7%45.3%
Put IV 25d47.1%32.1%55.7%55.5%48.2%
Bid-Ask Spread %17.184.9446.2046.205.06
Gamma HHI0.160.100.230.150.15
Net GEX1.7M-1.9M4.4M1.4M1.6M
Net DEX-35.5M-104.7M8.6M-45.1M-37.1M
Net VEX-611.6K-656.8K-566.4K-633.4K-580.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.142.090.370.47
Total Volume33,563.9056,795127,61939,74712,253
Total OI384,736.857342,272456,248342,272382,386

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$16.91$16.0051.7%17.9%52.5%47.9%62.7%-2.2%-9.7%1.4M-45.1M-633.4K0.3746.20N/AN/A29,02010,727160,606181,666
2024-12-03$16.46$16.0056.2%17.9%53.4%55.0%61.2%0.0%-4.4%1.1M-22.6M-630.3K0.6122.45N/AN/A8,1014,905167,346184,886
2024-12-04$16.61$16.0050.6%18.7%53.4%46.1%64.5%1.1%3.8%1.6M-31.4M-628.1K0.1422.75N/AN/A13,8221,886170,070183,448
2024-12-05$16.48$17.0052.2%15.5%50.2%48.7%56.8%-1.4%0.3%1.8M-28.5M-633.5K0.5712.54N/AN/A5,2192,985177,500184,509
2024-12-06$16.39$17.0054.5%16.3%49.2%52.4%60.9%-0.9%0.3%1.9M-22.5M-639.5K0.207.90N/AN/A20,0164,041179,122186,319
2024-12-09$16.76$17.0057.3%16.3%45.5%56.8%57.2%-1.5%0.7%1.2M-43.2M-634.6K0.7025.25N/AN/A45,08331,677178,422177,871
2024-12-10$16.88$17.0056.9%16.3%44.8%56.2%57.6%-26.0%4.3%890.2K-44.5M-656.8K1.168.71N/AN/A24,84228,849191,721200,958
2024-12-11$16.48$17.0045.9%12.4%45.3%38.5%47.2%-4.8%-3.4%-665.5K-22.3M-602.1K0.8317.16N/AN/A69,59158,028209,654219,474
2024-12-12$16.38$17.0041.7%12.5%45.3%31.8%44.4%-6.2%0.8%-1.9M-28.4M-595.4K0.3919.80N/AN/A53,92521,169225,922230,326
2024-12-13$16.49$17.0041.3%12.4%44.1%31.2%43.4%0.9%3.7%4.4M-30.2M-615.4K0.8311.81N/AN/A14,45011,924219,843232,436
2024-12-16$16.80$17.0043.7%12.7%44.4%35.0%44.8%-2.1%-2.3%2.9M-50.2M-614.6K0.275.42N/AN/A25,6136,944186,934194,856
2024-12-17$16.71$17.0046.5%13.4%43.8%39.5%48.0%-0.7%-2.6%3.2M-50.4M-641.6K0.6719.43N/AN/A18,92912,619192,186195,147
2024-12-18$15.82$17.0049.1%14.1%48.6%43.6%49.6%-1.5%-5.9%375.0K8.6M-622.8K0.3123.13N/AN/A13,1304,037200,058196,935
2024-12-19$15.91$17.0048.8%14.1%45.1%43.2%50.8%-0.5%-0.9%516.8K6.9M-608.4K2.0913.07N/AN/A5,76212,016203,042197,157
2024-12-20$16.37$17.0044.2%12.7%44.8%35.8%49.2%-2.5%0.7%3.3M-23.1M-612.9K0.3321.61N/AN/A12,4844,102202,862203,619
2024-12-23$16.66$17.0039.6%12.9%34.8%28.5%45.9%-0.1%0.7%1.8M-31.1M-566.4K1.3627.90N/AN/A7,56210,249176,835179,825
2024-12-24$16.76$17.0043.9%12.6%33.1%35.4%47.2%1.2%-1.8%2.3M-42.1M-599.1K1.697.64N/AN/A2,5234,272180,593187,122
2024-12-26$17.88$17.0043.8%13.3%39.7%35.2%46.7%-0.0%-3.1%3.4M-104.7M-578.3K0.5611.86N/AN/A33,44318,710181,626189,898
2024-12-27$17.52$17.0043.1%13.4%40.6%34.1%47.2%-0.0%0.5%4.0M-78.4M-579.3K1.354.94N/AN/A7,94510,758189,920203,235
2024-12-30$16.79$17.0046.1%14.6%43.7%38.9%50.8%0.6%1.3%961.5K-25.1M-570.5K0.6126.26N/AN/A13,1578,074180,743192,396
2024-12-31$16.94$17.0046.0%14.6%41.8%38.7%51.4%2.8%-1.1%1.6M-37.1M-580.2K0.475.06N/AN/A8,3273,926187,006195,380