MAX Options History — June 2024

In June 2024, MAX traded between $12.91 and $18.36. ATM implied volatility averaged 68.4%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded above realized volatility by 18.9% (HV 20d: 49.5%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 23.41.

Notable Days

  • 2024-06-24: Highest Volume — 4,112 contracts
  • 2024-06-17: Largest IV spike — 50.5% change
  • 2024-06-17: Highest IV Rank — 25.8%
  • 2024-06-17: Largest Expected Move — 26.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.33$12.91$18.36$17.25$13.04
Max Pain$17.76$17.50$20.00$20.00$17.50
ATM IV68.4%47.8%92.3%65.5%68.2%
Expected Move18.8%12.5%26.5%18.8%19.5%
HV 20d49.5%44.9%55.3%49.2%51.7%
HV 60d49.6%47.5%54.0%53.0%54.0%
IV Rank15.4%6.3%25.8%14.1%15.3%
IV Percentile54.0%6.3%85.7%54.0%56.3%
Term Structure0.9%-36.0%48.1%-14.0%-15.3%
VWIV70.8%42.9%123.1%71.4%59.4%
Skew 25d32.7%-12.5%108.5%27.4%-1.3%
Skew 10d44.0%-2.4%140.8%96.9%-2.4%
Call IV 25d61.1%41.8%82.5%47.8%62.7%
Put IV 25d93.7%53.8%182.0%75.2%61.4%
Bid-Ask Spread %109.8893.83121.52111.06117.26
Gamma HHI0.500.330.660.510.47
Net GEX-115.0K-281.2K-20.7K-94.3K-23.7K
Net DEX2.5M1.1M5.6M1.3M2.5M
Net VEX-7.7K-10.9K-2.9K-8.3K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio23.410.03155.257.250.71
Total Volume992.211294,112652180
Total OI6,116.9473,8488,5454,5124,570

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-06-03$17.25$20.0065.5%18.8%49.2%14.1%71.4%27.4%-14.0%-94.3K1.3M-8.3K7.25111.06N/AN/A795731,5702,942
2024-06-04$17.48$20.0067.4%19.3%49.8%14.9%67.9%20.1%-15.6%-98.5K1.4M-9.2K4.20104.19N/AN/A1717191,6143,340
2024-06-05$18.02$17.5073.0%20.9%52.0%17.4%72.9%35.2%-22.4%-101.7K1.1M-10.1K13.9495.51N/AN/A517111,7643,771
2024-06-06$18.36$17.5072.8%12.5%45.0%17.3%0.0%39.5%5.5%-122.7K1.1M-10.3K20.12112.32N/AN/A173421,8084,399
2024-06-07$18.16$17.5069.7%15.5%44.9%15.9%71.7%19.9%13.7%-157.9K1.4M-10.9K0.03111.18N/AN/A466131,8244,758
2024-06-10$17.48$17.5067.0%15.6%46.3%14.7%62.8%8.7%6.8%-186.1K2.3M-10.6K7.39107.38N/AN/A231702,2714,886
2024-06-11$17.63$17.5070.7%21.7%46.3%16.3%0.0%25.2%17.2%-169.4K2.2M-9.0K155.25121.52N/AN/A46212,2764,766
2024-06-12$17.69$17.5072.1%20.7%45.3%17.0%61.2%58.3%28.1%-173.4K2.1M-8.5K0.71112.94N/AN/A17122,2804,276
2024-06-13$16.75$17.5053.6%15.4%48.8%8.9%63.0%104.2%6.1%-173.2K3.3M-8.6K47.48115.06N/AN/A582,7542,2974,273
2024-06-14$16.62$17.5061.3%17.6%48.8%12.3%69.9%2.8%-4.0%-186.4K3.5M-8.5K37.61116.38N/AN/A411,5422,2884,663
2024-06-17$16.81$17.5092.3%26.5%49.1%25.8%50.8%-9.1%-25.2%-238.0K3.3M-8.0K7.61118.51N/AN/A231752,2635,408
2024-06-18$17.07$17.5066.2%19.0%48.9%14.4%67.1%73.8%8.4%-281.2K2.8M-8.2K4.88107.40N/AN/A5112,4942,2845,595
2024-06-20$16.44$17.5070.5%20.2%49.4%16.3%123.1%78.4%5.0%-23.0K5.6M-6.2K10.09113.72N/AN/A555551,9396,242
2024-06-21$16.04$17.5058.2%16.7%49.4%10.9%74.1%5.2%48.1%-32.0K5.6M-6.8K14.3698.94N/AN/A111581,9946,551
2024-06-24$15.04$17.5083.3%23.9%53.4%21.9%73.9%108.5%-36.0%-31.7K1.6M-6.0K35.07106.84N/AN/A1143,9981,6122,236
2024-06-25$14.34$17.5068.3%19.6%54.3%15.3%42.9%28.0%-15.4%-49.6K2.6M-5.7K4.84111.52N/AN/A2941,4241,5772,872
2024-06-26$13.05$17.5072.0%20.6%55.3%16.9%79.3%8.0%-8.3%-22.2K2.2M-4.1K73.0093.83N/AN/A1731,8532,645
2024-06-27$12.91$17.5047.8%13.7%52.1%6.3%91.9%-12.5%33.6%-20.7K2.1M-4.1K0.24112.16N/AN/A325771,8542,661
2024-06-28$13.04$17.5068.2%19.5%51.7%15.3%59.4%-1.3%-15.3%-23.7K2.5M-2.9K0.71117.26N/AN/A105751,8352,735