MAX Options History — June 2021

In June 2021, MAX traded between $40.05 and $46.18. ATM implied volatility averaged 68.1%. The 30-day expected move averaged 19.5%. Max pain ranged from $30.00 to $35.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 10 of 14 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-06-29: Highest Volume — 77 contracts
  • 2021-06-28: Largest IV spike — 26.1% change
  • 2021-06-17: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.69$40.05$46.18$41.84$42.42
Max Pain$30.36$30.00$35.00$30.00$35.00
ATM IV68.1%60.5%76.8%73.8%74.0%
Expected Move19.5%17.3%22.0%21.1%21.2%
Term Structure10.8%-7.9%32.3%-1.1%32.3%
VWIV66.6%46.0%75.8%73.2%71.9%
Skew 25d-1.2%-29.7%43.5%-18.1%43.5%
Skew 10d-0.9%-38.5%51.3%8.3%-38.5%
Call IV 25d79.9%56.2%97.5%87.8%61.5%
Put IV 25d78.7%60.7%105.0%69.7%105.0%
Bid-Ask Spread %109.47101.18124.45110.38115.71
Gamma HHI0.300.200.530.510.21
Net GEX3.6K1.5K8.4K6.6K2.5K
Net DEX-140.3K-191.3K-110.6K-146.1K-122.6K
Net VEX-531-641-448-583-520
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.004.000.000.00
Total Volume16.143177197
Total OI113.7148115613398

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-11$41.84$30.0073.8%21.1%0.0%0.0%73.2%-18.1%-1.1%6.6K-146.1K-5830.00110.38N/AN/A1909835
2021-06-14$42.01$30.0061.3%17.6%0.0%0.0%46.0%2.1%21.7%8.4K-191.3K-6370.00107.29N/AN/A5011535
2021-06-15$40.05$30.0068.0%19.5%0.0%0.0%0.0%-19.5%14.8%7.0K-187.0K-6414.00106.00N/AN/A1412035
2021-06-16$41.27$30.0068.0%19.5%0.0%0.0%0.0%-16.3%19.1%7.9K-177.4K-6200.00105.34N/AN/A5012135
2021-06-17$42.66$30.0076.8%22.0%0.0%0.0%0.0%-29.7%-3.6%1.6K-124.5K-5490.00101.18N/AN/A2011735
2021-06-18$41.58$30.0066.5%19.1%0.0%0.0%0.0%-18.4%23.5%1.5K-125.4K-5490.33106.43N/AN/A3111735
2021-06-21$42.16$30.0064.9%18.6%0.0%0.0%61.8%-4.4%16.9%1.6K-110.6K-5160.67112.10N/AN/A325829
2021-06-22$42.45$30.0067.2%19.3%0.0%0.0%0.0%-16.8%15.7%1.8K-125.6K-4960.00124.45N/AN/A505927
2021-06-23$43.00$30.0067.1%19.2%0.0%0.0%67.3%3.8%6.4%1.9K-112.7K-4790.63108.87N/AN/A38245427
2021-06-24$43.92$30.0063.5%18.2%0.0%0.0%65.0%11.6%5.2%2.0K-125.2K-4580.00110.39N/AN/A105427
2021-06-25$44.20$30.0060.5%17.3%0.0%0.0%72.0%30.8%8.3%2.1K-124.5K-4591.00109.71N/AN/A115527
2021-06-28$46.18$30.0076.2%21.9%0.0%0.0%75.8%20.1%-7.9%2.3K-149.2K-4480.00101.78N/AN/A2705628
2021-06-29$43.87$30.0065.1%18.7%0.0%0.0%71.9%-5.4%-0.0%2.8K-142.2K-4750.48112.94N/AN/A52256728
2021-06-30$42.42$35.0074.0%21.2%0.0%0.0%0.0%43.5%32.3%2.5K-122.6K-5200.00115.71N/AN/A706929