M Options History — April 2026

In April 2026, M traded between $17.81 and $18.16. ATM implied volatility averaged 47.4%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 11.5% (HV 20d: 36.0%). Max pain ranged from $18.50 to $20.00. Net GEX was positive for 1 of 2 trading days. Term structure was in contango for 2 of 2 days. Put/call ratio averaged 0.73.

Notable Days

  • 2026-04-02: Highest Volume — 5,643 contracts
  • 2026-04-02: Largest IV drop — 3.3% change
  • 2026-04-01: Highest IV Rank — 27.4%
  • 2026-04-01: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.98$17.81$18.16$18.16$17.81
Max Pain$19.25$18.50$20.00$18.50$20.00
ATM IV47.4%46.6%48.2%48.2%46.6%
Expected Move13.6%13.4%13.8%13.8%13.4%
HV 20d36.0%35.7%36.2%35.7%36.2%
HV 60d43.3%43.2%43.3%43.3%43.2%
IV Rank26.4%25.4%27.4%27.4%25.4%
IV Percentile44.6%42.5%46.8%46.8%42.5%
Term Structure0.8%0.2%1.3%0.2%1.3%
VWIV47.6%47.5%47.7%47.5%47.7%
Skew 25d5.7%5.0%6.4%6.4%5.0%
Skew 10d12.7%8.8%16.6%16.6%8.8%
Call IV 25d45.6%45.4%45.9%45.4%45.9%
Put IV 25d51.3%50.9%51.8%51.8%50.9%
Bid-Ask Spread %26.2221.7930.6521.7930.65
Gamma HHI0.090.090.100.100.09
Net GEX-31.9K-218.6K154.7K154.7K-218.6K
Net DEX-16.1M-19.1M-13.1M-19.1M-13.1M
Net VEX-356.6K-359.8K-353.4K-359.8K-353.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.710.740.710.74
Total Volume4,940.54,2385,6434,2385,643
Total OI130,475.5130,043130,908130,043130,908

Daily Data (2 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-04-01$18.16$18.5048.2%13.8%35.7%27.4%47.5%6.4%0.2%154.7K-19.1M-359.8K0.7121.79N/AN/A2,4751,76359,65270,391
2026-04-02$17.81$20.0046.6%13.4%36.2%25.4%47.7%5.0%1.3%-218.6K-13.1M-353.4K0.7430.65N/AN/A3,2412,40260,41470,494