S Options History — May 2022

In May 2022, S traded between $19.61 and $33.45. ATM implied volatility averaged 106.5%, placing in the 52.0% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded below realized volatility by 3.6% (HV 20d: 110.1%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2022-05-20: Highest Volume — 13,985 contracts
  • 2022-05-09: Largest IV spike — 16.2% change
  • 2022-05-24: Highest IV Rank — 60.1%
  • 2022-05-24: Largest Expected Move — 34.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.93$19.61$33.45$33.45$24.18
Max Pain$34.29$30.00$35.00$35.00$30.00
ATM IV106.5%79.9%118.8%88.1%115.6%
Expected Move30.6%22.9%34.1%25.2%33.1%
HV 20d110.1%74.8%135.0%82.7%135.0%
HV 60d100.4%88.8%106.5%89.2%105.2%
IV Rank52.0%35.2%60.1%40.3%58.1%
IV Percentile88.9%61.9%97.2%75.8%94.8%
Term Structure-13.6%-21.5%5.2%1.0%-19.8%
VWIV105.2%82.7%116.6%86.6%116.6%
Skew 25d10.0%5.9%14.5%7.1%10.6%
Skew 10d18.2%11.6%27.3%15.6%11.9%
Call IV 25d102.7%78.9%115.6%85.1%112.4%
Put IV 25d112.7%89.5%124.6%92.2%123.0%
Bid-Ask Spread %49.0722.0861.0428.4049.50
Gamma HHI0.180.140.260.150.16
Net GEX164.7K-12.0K698.5K698.5K139.4K
Net DEX6.9M-18.1M17.8M-18.1M4.9M
Net VEX-188.1K-315.3K-131.9K-315.3K-167.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.192.040.881.51
Total Volume5,179.4762,01613,9852,01612,774
Total OI61,632.57149,75870,00863,64153,629

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$33.45$35.0088.1%25.2%82.7%40.3%86.6%7.1%1.0%698.5K-18.1M-315.3K0.8828.40N/AN/A1,07094647,13116,510
2022-05-03$32.24$35.0086.7%24.9%78.7%39.4%83.9%7.1%2.0%566.8K-11.4M-295.6K0.3322.08N/AN/A2,72389547,19516,505
2022-05-04$32.77$35.0079.9%22.9%74.8%35.2%82.7%10.6%5.2%511.2K-11.8M-294.9K0.4936.39N/AN/A2,1141,02747,03116,524
2022-05-05$29.32$35.0087.7%26.1%81.0%40.1%89.6%5.9%-11.0%256.8K1.8M-249.5K0.2951.52N/AN/A3,15790947,33516,658
2022-05-06$25.91$35.0095.7%27.8%90.2%45.0%93.7%7.9%-13.8%75.3K11.8M-200.5K0.6558.66N/AN/A2,6691,72346,51016,698
2022-05-09$21.99$35.00111.2%32.0%104.0%54.7%109.3%10.5%-21.5%1.0K17.4M-150.5K0.5558.16N/AN/A3,1391,72346,62116,933
2022-05-10$21.76$35.00108.3%31.3%104.0%52.9%108.0%9.2%-17.5%39.5K15.7M-154.3K0.4561.04N/AN/A4,1831,90148,33816,758
2022-05-11$19.61$35.00113.3%32.5%107.2%56.0%111.3%11.0%-17.6%31.5K16.9M-131.9K0.9459.93N/AN/A2,3682,21950,84616,783
2022-05-12$21.29$35.00117.8%33.8%101.2%58.8%115.8%9.0%-19.3%49.9K13.5M-154.5K0.5159.80N/AN/A4,9192,53348,34116,980
2022-05-13$24.42$35.00112.5%32.3%117.2%55.5%113.2%6.7%-19.7%173.4K6.3M-193.4K1.2851.50N/AN/A4,8336,21049,94617,077
2022-05-16$22.51$35.00110.1%31.6%119.1%54.0%108.0%10.8%-20.8%14.6K15.0M-158.2K0.9643.53N/AN/A1,6581,59849,41218,295
2022-05-17$22.77$35.00106.7%30.6%118.4%52.5%106.0%8.8%-17.2%-12.0K16.6M-152.8K0.6323.83N/AN/A2,1071,32249,14118,203
2022-05-18$21.60$35.00108.0%31.0%118.7%53.3%110.0%10.5%-16.5%48.6K17.8M-141.4K0.2859.85N/AN/A2,42867049,99518,228
2022-05-19$23.77$35.00108.2%31.0%123.9%53.5%110.1%11.9%-9.9%45.5K14.0M-162.6K0.2556.03N/AN/A4,2791,08549,60018,285
2022-05-20$24.78$35.00111.2%31.9%125.6%55.3%109.1%14.5%-12.4%185.2K9.7M-180.7K2.0451.78N/AN/A4,6079,37851,46118,547
2022-05-23$23.81$35.00114.1%32.7%122.2%57.1%112.7%12.4%-14.7%94.8K6.3M-166.1K0.3144.19N/AN/A2,44775735,25714,501
2022-05-24$22.24$35.00118.8%34.1%123.4%60.1%116.1%9.8%-15.9%66.8K8.7M-149.7K0.3960.66N/AN/A1,80669935,57814,534
2022-05-25$23.47$35.00117.4%33.6%126.2%59.2%110.6%10.8%-15.0%82.5K7.0M-160.4K0.3750.62N/AN/A1,80567135,60514,643
2022-05-26$24.88$30.00111.8%32.1%127.2%55.7%110.0%12.0%-14.6%140.8K4.1M-175.2K0.5051.02N/AN/A1,95697636,35514,659
2022-05-27$26.86$30.00112.6%32.3%130.9%56.2%106.0%13.3%-17.0%248.6K-1.5M-195.2K0.1951.89N/AN/A3,77271337,10614,530
2022-05-31$24.18$30.00115.6%33.1%135.0%58.1%116.6%10.6%-19.8%139.4K4.9M-167.4K1.5149.50N/AN/A5,0807,69438,93714,692