MAX Options History — October 2024

In October 2024, MAX traded between $16.87 and $20.72. ATM implied volatility averaged 72.2%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded above realized volatility by 34.7% (HV 20d: 37.5%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-10-30: Highest Volume — 4,308 contracts
  • 2024-10-31: Largest IV drop — 53.2% change
  • 2024-10-30: Highest IV Rank — 73.8%
  • 2024-10-30: Largest Expected Move — 37.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.67$16.87$20.72$17.86$17.38
Max Pain$15.00$12.50$17.50$12.50$15.00
ATM IV72.2%38.7%130.2%52.2%61.0%
Expected Move22.0%11.1%37.3%15.0%17.5%
HV 20d37.5%28.4%74.5%41.2%74.5%
HV 60d46.5%39.0%54.3%48.2%54.3%
IV Rank30.7%3.8%73.8%9.6%22.9%
IV Percentile60.3%4.0%97.6%25.0%48.0%
Term Structure-12.0%-48.2%43.9%24.9%-6.1%
VWIV80.5%40.6%133.1%51.9%40.6%
Skew 25d10.0%-28.1%47.6%-3.5%23.7%
Skew 10d13.8%-18.9%62.6%-18.9%34.8%
Call IV 25d60.9%36.4%115.9%48.1%45.4%
Put IV 25d71.0%43.9%132.9%44.7%69.1%
Bid-Ask Spread %86.2661.67108.2292.4681.55
Gamma HHI0.380.310.440.430.31
Net GEX122.1K86.3K196.0K86.3K196.0K
Net DEX-5.2M-8.4M-2.8M-3.4M-4.1M
Net VEX-9.3K-11.3K-8.3K-8.7K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.0010.0010.000.03
Total Volume512.56504,308112,617
Total OI5,218.7833,9869,9883,9869,988

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-10-01$17.86$12.5052.2%15.0%41.2%9.6%51.9%-3.5%24.9%86.3K-3.4M-8.7K10.0092.46N/AN/A1103,544442
2024-10-02$17.82$17.5038.7%11.1%41.2%3.8%45.1%3.1%43.9%89.6K-3.4M-8.6K0.00108.22N/AN/A703,544452
2024-10-03$17.51$15.0043.8%21.0%41.7%10.2%66.0%26.7%-9.5%87.2K-3.1M-8.4K0.0184.48N/AN/A20013,550452
2024-10-04$17.91$15.0038.9%21.0%41.6%6.6%0.0%40.0%-8.8%103.0K-3.7M-9.4K0.0087.61N/AN/A003,954452
2024-10-07$17.26$15.0053.5%20.4%37.3%17.3%0.0%31.5%-10.7%104.4K-3.2M-8.7K0.0084.57N/AN/A053,954452
2024-10-08$16.87$15.0052.0%21.2%28.5%16.3%0.0%35.5%-13.1%99.3K-2.8M-8.4K0.0294.55N/AN/A30053,954457
2024-10-09$17.16$15.0075.0%21.5%28.4%33.2%128.2%-16.4%-10.4%105.3K-3.0M-8.4K0.8394.62N/AN/A653,954452
2024-10-10$18.12$15.0073.7%21.1%34.1%32.2%73.7%-5.2%-11.6%111.6K-3.9M-8.5K0.4994.06N/AN/A5092473,954457
2024-10-11$18.72$15.0073.6%21.1%35.6%32.2%73.7%-6.9%-19.1%123.3K-5.2M-9.0K0.0083.86N/AN/A54814,389257
2024-10-14$18.94$15.0072.5%20.8%35.7%31.3%79.0%13.1%-11.4%121.2K-5.7M-9.2K0.5075.85N/AN/A424,712257
2024-10-15$19.19$15.0074.7%21.4%35.8%33.0%76.7%13.4%-17.0%117.5K-6.1M-9.6K0.0967.45N/AN/A3234,836258
2024-10-16$19.31$15.0072.6%20.8%35.8%31.4%72.9%34.0%-23.0%120.7K-6.2M-9.2K0.0088.61N/AN/A20704,825260
2024-10-17$19.39$15.0073.9%21.2%35.8%32.4%79.4%14.4%-28.6%119.7K-6.3M-9.1K0.0075.54N/AN/A404,832260
2024-10-18$19.41$15.0074.7%21.4%35.6%32.9%81.6%10.1%-1.7%117.9K-6.4M-8.9K0.0083.38N/AN/A20614,825260
2024-10-21$19.01$15.0074.2%21.3%36.6%32.6%75.0%2.1%-9.5%126.5K-5.6M-8.7K0.1083.89N/AN/A309324,620245
2024-10-22$19.34$15.0079.3%22.7%35.4%36.3%79.6%3.8%-16.2%135.2K-6.1M-9.0K1.0675.66N/AN/A2052174,875258
2024-10-23$19.30$15.0081.2%23.3%35.4%37.8%80.7%-6.5%-12.4%142.9K-6.4M-8.3K0.0191.29N/AN/A15214,874559
2024-10-24$19.32$15.0083.0%23.8%34.6%39.1%85.0%5.6%-17.3%138.0K-6.3M-8.9K0.0199.16N/AN/A1,177105,024558
2024-10-25$19.49$15.0088.8%25.5%34.4%43.4%95.4%-28.1%-21.5%141.8K-6.7M-11.3K0.0093.13N/AN/A41205,510568
2024-10-28$19.69$15.0095.1%27.3%34.3%48.0%94.0%-24.6%-21.7%149.9K-7.4M-11.0K0.0390.60N/AN/A4015,774568
2024-10-29$19.62$15.0097.2%27.9%32.3%49.5%98.2%47.6%-26.5%149.4K-7.2M-10.8K0.0091.77N/AN/A045,738569
2024-10-30$20.72$15.00130.2%37.3%36.7%73.8%133.1%17.0%-48.2%120.6K-8.4M-10.8K0.1061.67N/AN/A3,9084005,738571
2024-10-31$17.38$15.0061.0%17.5%74.5%22.9%40.6%23.7%-6.1%196.0K-4.1M-9.9K0.0381.55N/AN/A2,536819,039949