S Options History — April 2023

In April 2023, S traded between $16.00 and $18.52. ATM implied volatility averaged 60.1%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 8.4% (HV 20d: 51.7%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.48.

Notable Days

  • 2023-04-24: Highest Volume — 40,062 contracts
  • 2023-04-10: Largest IV spike — 9.9% change
  • 2023-04-11: Highest IV Rank — 7.8%
  • 2023-04-10: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.11$16.00$18.52$16.52$16.00
Max Pain$16.11$15.00$17.00$15.00$17.00
ATM IV60.1%55.5%65.8%61.1%60.4%
Expected Move17.2%15.9%18.1%17.5%17.3%
HV 20d51.7%43.2%63.1%62.4%55.0%
HV 60d56.2%55.6%57.5%55.7%56.8%
IV Rank3.2%0.0%7.8%3.3%4.7%
IV Percentile2.9%0.0%8.7%2.0%4.8%
Term Structure6.1%-0.4%9.3%-0.4%9.3%
VWIV60.1%56.4%61.9%61.7%60.8%
Skew 25d5.9%0.3%9.0%7.7%5.0%
Skew 10d11.1%3.4%18.6%15.6%6.4%
Call IV 25d57.7%52.5%61.7%58.4%58.6%
Put IV 25d63.6%58.6%67.5%66.1%63.7%
Bid-Ask Spread %43.7320.8463.9754.8652.02
Gamma HHI0.180.120.290.130.24
Net GEX1.2M930.1K1.6M967.6K1.2M
Net DEX-42.4M-69.4M-29.7M-34.7M-29.7M
Net VEX-261.5K-317.7K-231.8K-237.5K-281.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.034.210.230.50
Total Volume7,153.2631,47940,0621,4793,985
Total OI106,05792,748132,38192,748132,381

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$16.52$15.0061.1%17.5%62.4%3.3%61.7%7.7%-0.4%967.6K-34.7M-237.5K0.2354.86N/AN/A1,20627372,65520,093
2023-04-04$16.88$15.0060.7%17.4%61.3%2.9%60.9%4.4%0.1%1.1M-39.2M-241.9K0.2146.76N/AN/A3,19166572,83220,276
2023-04-05$16.26$15.0061.6%17.7%63.1%3.7%61.8%5.4%1.3%930.1K-32.0M-234.5K0.4763.97N/AN/A3,2921,53773,55320,512
2023-04-06$16.66$15.0058.9%17.6%56.4%1.1%61.0%7.6%8.0%1.1M-37.1M-246.7K0.0740.14N/AN/A1,86413275,16821,529
2023-04-10$16.43$15.0064.7%18.1%53.7%6.8%61.2%7.7%5.8%1.0M-34.0M-235.4K0.0321.31N/AN/A8,70722175,14921,523
2023-04-11$16.48$15.0065.8%17.9%53.7%7.8%60.9%8.1%6.4%945.8K-33.8M-231.8K0.2243.15N/AN/A1,50232672,87121,592
2023-04-12$16.98$16.0061.0%17.5%54.0%3.1%60.4%7.6%4.6%1.1M-38.6M-236.5K0.4541.77N/AN/A3,5231,60272,85321,476
2023-04-13$17.59$16.0059.2%17.0%48.0%1.4%61.4%6.7%6.0%1.2M-45.9M-243.6K0.9121.85N/AN/A3,2442,96572,73621,493
2023-04-14$17.95$16.0058.7%16.8%47.6%0.9%59.3%7.5%7.6%1.2M-48.3M-249.8K0.3220.84N/AN/A1,20739172,97923,838
2023-04-17$17.61$16.0057.9%16.6%47.4%0.1%58.8%9.0%7.4%1.2M-44.5M-242.9K4.2147.14N/AN/A1,3775,79173,05024,056
2023-04-18$17.84$16.0057.0%16.3%46.2%0.0%56.8%8.2%7.4%1.3M-45.5M-252.1K0.1441.71N/AN/A3,76853773,31628,550
2023-04-19$17.61$17.0055.5%15.9%46.8%0.0%56.4%7.5%7.5%1.3M-44.2M-255.7K0.2451.03N/AN/A3,60685875,78428,711
2023-04-20$17.96$17.0058.8%16.8%43.9%3.1%57.4%5.0%8.0%1.5M-50.7M-264.8K0.0548.63N/AN/A18,64491977,86029,145
2023-04-21$18.52$17.0056.7%16.3%43.2%1.2%57.1%1.3%6.7%1.3M-69.4M-293.3K0.1433.39N/AN/A6,38088489,68029,587
2023-04-24$17.51$17.0058.6%16.8%47.9%3.0%60.3%0.3%9.3%1.2M-44.1M-279.6K0.0942.12N/AN/A36,5893,47379,63826,030
2023-04-25$16.56$17.0061.2%17.6%51.6%5.5%61.9%2.8%8.5%1.4M-41.5M-310.5K0.2847.20N/AN/A4,8571,351103,26427,880
2023-04-26$16.76$17.0061.2%17.6%49.9%5.5%61.5%5.8%4.7%1.5M-44.1M-312.6K0.1654.10N/AN/A2,618420102,38628,874
2023-04-27$17.02$17.0062.3%17.9%50.0%6.4%61.8%4.7%7.9%1.6M-48.1M-317.7K0.4658.80N/AN/A2,7371,270102,50329,260
2023-04-28$16.00$17.0060.4%17.3%55.0%4.7%60.8%5.0%9.3%1.2M-29.7M-281.9K0.5052.02N/AN/A2,6631,322102,78629,595