S Options History — August 2023

In August 2023, S traded between $14.25 and $16.98. ATM implied volatility averaged 77.3%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 13.9% (HV 20d: 63.4%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-08-21: Highest Volume — 46,911 contracts
  • 2023-08-30: Largest IV spike — 28.8% change
  • 2023-08-30: Highest IV Rank — 44.9%
  • 2023-08-31: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.76$14.25$16.98$16.98$16.63
Max Pain$14.43$14.00$15.00$15.00$15.00
ATM IV77.3%65.7%101.3%65.7%79.6%
Expected Move22.1%15.7%25.9%15.7%25.9%
HV 20d63.4%53.9%76.3%56.8%64.9%
HV 60d100.7%60.7%109.5%105.8%60.7%
IV Rank22.7%12.0%44.9%12.0%24.8%
IV Percentile61.8%27.4%95.2%27.4%73.4%
Term Structure-3.7%-35.8%2.7%0.8%-1.2%
VWIV77.7%56.5%90.7%56.5%90.7%
Skew 25d6.5%-10.6%34.5%4.0%6.2%
Skew 10d-1.6%-30.4%18.9%-3.9%0.8%
Call IV 25d69.6%37.4%82.7%67.3%77.8%
Put IV 25d76.2%42.0%92.8%71.3%84.0%
Bid-Ask Spread %43.2615.0762.3950.7746.99
Gamma HHI0.100.070.190.080.10
Net GEX1.4M535.3K3.2M1.1M1.6M
Net DEX-42.7M-71.9M-14.0M-56.4M-62.5M
Net VEX-345.8K-404.1K-306.5K-358.1K-404.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.071.090.170.63
Total Volume10,142.2611,91546,9113,82722,295
Total OI167,955.261142,800199,151142,800199,151

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$16.98$15.0065.7%15.7%56.8%12.0%56.5%4.0%0.8%1.1M-56.4M-358.1K0.1750.77N/AN/A3,26356498,36744,433
2023-08-02$15.96$15.0070.5%16.9%61.7%16.5%60.0%-0.7%0.1%884.5K-40.4M-341.4K1.0654.24N/AN/A3,1593,36499,10544,638
2023-08-03$15.98$14.0074.5%20.9%58.5%20.1%72.6%1.8%-0.1%912.6K-40.7M-347.3K0.6239.04N/AN/A1,182733100,84146,783
2023-08-04$15.68$14.0072.5%20.4%59.0%18.3%70.7%-0.4%0.2%874.1K-35.5M-339.9K0.7740.21N/AN/A2,2611,735100,94047,128
2023-08-07$15.55$14.0076.1%20.9%58.8%21.6%73.3%2.5%-2.8%791.5K-33.0M-334.9K0.2532.23N/AN/A8,1862,04399,21043,850
2023-08-08$14.84$14.0079.0%21.9%60.8%24.3%76.3%2.4%-2.9%733.4K-23.8M-331.3K0.5428.72N/AN/A2,9551,605104,93745,665
2023-08-09$15.23$14.0080.8%22.8%61.1%26.0%79.2%2.4%-1.8%844.9K-30.4M-342.1K0.0945.95N/AN/A7,213666106,41146,762
2023-08-10$15.09$14.0080.1%22.3%60.5%25.3%77.0%1.5%-3.7%892.0K-29.2M-339.6K0.1129.51N/AN/A4,546508110,54947,130
2023-08-11$15.18$14.0079.6%22.1%58.6%24.9%77.7%1.1%-3.8%1.0M-31.3M-340.5K0.2515.07N/AN/A3,519879114,54047,238
2023-08-14$15.05$14.0079.4%22.6%58.7%24.6%78.8%2.3%-5.0%1.0M-28.1M-327.3K0.5739.41N/AN/A2,4261,378115,53045,772
2023-08-15$14.66$14.0081.3%23.3%58.9%26.4%81.1%-2.0%-6.0%790.6K-22.2M-314.2K0.2837.40N/AN/A1,958552117,18146,523
2023-08-16$14.75$14.0076.4%21.9%57.4%21.9%76.5%0.8%-1.6%697.3K-21.1M-310.5K0.2943.90N/AN/A5,9791,757118,28646,960
2023-08-17$14.25$14.0078.5%22.7%54.2%23.9%79.6%1.3%-3.9%535.3K-14.0M-306.5K0.0738.10N/AN/A9,353687123,40548,599
2023-08-18$14.52$14.0080.3%23.4%53.9%25.5%81.7%3.0%-3.9%772.0K-20.0M-316.7K0.3332.48N/AN/A5,7871,932129,66648,342
2023-08-21$16.84$14.0083.3%25.0%75.1%28.3%87.4%9.1%-2.5%2.7M-71.9M-346.3K0.2141.45N/AN/A38,7748,137124,64045,606
2023-08-22$16.31$15.0073.0%22.8%76.3%18.8%80.7%34.5%-2.3%2.3M-56.2M-352.8K0.2550.14N/AN/A9,8962,466130,92552,263
2023-08-23$16.73$15.0073.8%22.3%75.4%19.5%77.8%22.0%-1.6%2.9M-66.4M-366.9K0.2354.22N/AN/A4,343998135,47653,093
2023-08-24$16.20$15.0070.9%22.7%74.6%16.8%79.6%4.6%-2.1%2.4M-54.0M-344.1K0.2456.18N/AN/A5,4181,284138,09553,303
2023-08-25$16.52$15.0068.2%23.6%73.1%14.4%87.5%9.9%2.7%3.2M-68.4M-375.6K0.1462.39N/AN/A18,7452,546144,23753,995
2023-08-28$16.54$15.0073.8%21.8%68.1%19.5%78.4%33.4%-1.7%1.9M-59.2M-363.4K0.7450.44N/AN/A5,9514,419127,57347,791
2023-08-29$16.63$15.0078.6%23.1%67.8%24.0%84.2%-10.6%-5.9%1.8M-63.9M-374.1K0.7948.12N/AN/A4,2883,369131,24750,787
2023-08-30$16.26$15.00101.3%22.7%64.5%44.9%80.4%20.5%-35.8%1.7M-54.0M-375.3K1.0958.05N/AN/A9,63610,517133,44652,552
2023-08-31$16.63$15.0079.6%25.9%64.9%24.8%90.7%6.2%-1.2%1.6M-62.5M-404.1K0.6346.99N/AN/A13,6748,621137,34961,802