S Options History — October 2023

In October 2023, S traded between $15.29 and $17.52. ATM implied volatility averaged 53.5%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 12.9% (HV 20d: 40.5%). Max pain ranged from $16.50 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-10-17: Highest Volume — 20,672 contracts
  • 2023-10-17: Largest IV spike — 7.0% change
  • 2023-10-27: Highest IV Rank — 12.0%
  • 2023-10-25: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.41$15.29$17.52$16.74$15.66
Max Pain$16.93$16.50$17.00$16.50$17.00
ATM IV53.5%49.4%57.3%51.7%55.5%
Expected Move15.4%14.2%17.1%14.4%16.2%
HV 20d40.5%34.9%46.8%39.8%43.8%
HV 60d53.8%50.7%55.8%55.1%50.9%
IV Rank8.7%5.2%12.0%7.2%10.4%
IV Percentile13.1%5.6%26.6%7.1%17.5%
Term Structure1.5%-1.3%9.4%-0.6%9.3%
VWIV53.6%48.3%60.2%51.3%54.1%
Skew 25d3.3%0.8%6.6%2.7%3.1%
Skew 10d7.9%1.8%19.4%6.5%9.8%
Call IV 25d52.3%48.0%56.7%49.6%54.8%
Put IV 25d55.6%50.1%61.3%52.3%57.9%
Bid-Ask Spread %58.6933.2067.9361.6863.62
Gamma HHI0.110.100.130.110.12
Net GEX1.3M740.3K2.1M1.3M889.1K
Net DEX-33.2M-56.3M-14.6M-39.6M-20.1M
Net VEX-374.5K-413.2K-334.5K-396.0K-342.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.061.350.290.41
Total Volume3,476.45579020,6722,419816
Total OI157,916.182149,209174,294149,209158,634

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$16.74$16.5051.7%14.4%39.8%7.2%51.3%2.7%-0.6%1.3M-39.6M-396.0K0.2961.68N/AN/A1,872547104,06845,141
2023-10-03$16.13$16.5053.2%15.0%39.0%8.5%53.9%2.5%0.6%996.7K-28.0M-376.8K0.3435.04N/AN/A2,630891105,00845,311
2023-10-04$16.61$16.5052.0%14.7%39.6%7.5%50.7%4.1%0.1%1.2M-35.3M-389.1K0.3564.38N/AN/A809286103,99445,643
2023-10-05$16.32$17.0052.6%14.8%39.5%8.0%50.5%2.9%-0.6%1.1M-30.0M-377.2K0.5133.20N/AN/A576294104,35745,683
2023-10-06$16.88$17.0050.0%14.2%41.3%5.8%48.4%2.0%-1.0%1.5M-37.7M-385.3K0.1036.85N/AN/A4,713493104,65845,707
2023-10-09$16.84$17.0051.9%14.8%36.8%7.4%51.7%2.9%-0.7%1.4M-39.7M-374.7K0.0663.24N/AN/A5,424320105,80745,488
2023-10-10$17.09$17.0050.8%14.3%35.3%6.4%49.1%3.7%-1.0%1.8M-45.1M-385.0K0.2959.40N/AN/A2,385691108,04345,667
2023-10-11$17.34$17.0049.4%14.3%34.9%5.3%48.3%4.9%0.5%2.0M-51.5M-386.1K0.2362.61N/AN/A1,639384109,10945,893
2023-10-12$16.84$17.0049.4%14.5%34.9%5.2%48.6%2.2%1.9%1.8M-39.8M-371.9K0.2660.51N/AN/A2,815719110,26446,037
2023-10-13$16.44$17.0051.2%14.9%35.1%6.8%50.8%2.9%1.4%1.2M-30.5M-356.9K0.7662.54N/AN/A906684112,05746,473
2023-10-16$17.38$17.0050.3%14.4%39.9%6.0%48.6%3.4%-0.8%1.8M-50.3M-378.2K0.2363.16N/AN/A2,538589109,97546,325
2023-10-17$17.52$17.0053.8%15.4%39.9%9.0%53.9%0.8%0.2%2.1M-56.3M-386.0K0.2567.82N/AN/A16,5124,160111,83346,521
2023-10-18$16.87$17.0055.4%15.9%42.4%10.4%55.0%3.0%-1.3%1.8M-45.1M-413.2K1.1965.28N/AN/A1,2261,455124,47849,816
2023-10-19$16.66$17.0054.6%15.6%39.8%9.6%54.8%3.6%0.7%1.7M-38.6M-403.9K0.9567.79N/AN/A1,040992124,66849,543
2023-10-20$16.02$17.0057.2%16.2%42.4%11.9%56.9%2.2%3.9%910.0K-25.0M-376.4K0.4567.93N/AN/A1,782807124,76749,346
2023-10-23$16.05$17.0056.2%16.3%42.3%11.1%58.1%3.2%0.1%960.7K-24.8M-370.3K0.1958.84N/AN/A2,887552110,15146,575
2023-10-24$16.31$17.0053.9%16.0%42.5%9.0%55.3%5.4%1.2%1.1M-30.4M-379.9K0.1755.99N/AN/A2,605444111,07546,761
2023-10-25$15.41$17.0056.5%17.1%46.8%11.3%59.8%4.3%3.8%814.2K-16.9M-356.3K1.3557.79N/AN/A1,7512,359112,72447,095
2023-10-26$15.29$17.0056.8%16.6%46.7%11.5%59.3%3.8%3.2%747.8K-14.6M-350.6K0.4859.87N/AN/A1,128542112,40748,442
2023-10-27$15.30$17.0057.3%17.0%44.5%12.0%60.2%3.4%2.3%765.9K-15.0M-347.6K0.4959.71N/AN/A529261113,07848,007
2023-10-30$15.32$17.0056.1%16.7%44.6%10.9%59.8%6.6%9.4%740.3K-15.1M-334.5K0.2164.02N/AN/A2,013416110,78546,742
2023-10-31$15.66$17.0055.5%16.2%43.8%10.4%54.1%3.1%9.3%889.1K-20.1M-342.2K0.4163.62N/AN/A580236111,81146,823