S Options History — April 2024

In April 2024, S traded between $19.98 and $23.04. ATM implied volatility averaged 46.5%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 7.4% (HV 20d: 53.9%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2024-04-15: Highest Volume — 10,563 contracts
  • 2024-04-29: Largest IV spike — 10.6% change
  • 2024-04-30: Highest IV Rank — 18.0%
  • 2024-04-16: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.63$19.98$23.04$23.04$21.24
Max Pain$22.59$22.00$23.00$23.00$22.00
ATM IV46.5%43.7%51.7%44.5%51.7%
Expected Move13.2%12.4%14.4%12.4%13.4%
HV 20d53.9%31.8%82.7%82.7%37.3%
HV 60d63.9%62.3%65.3%64.3%62.3%
IV Rank9.4%4.6%18.0%6.0%18.0%
IV Percentile21.6%6.0%40.5%10.3%40.5%
Term Structure1.6%-12.3%8.3%0.6%6.8%
VWIV46.2%43.9%50.4%43.9%46.1%
Skew 25d0.5%-1.2%2.0%0.3%-0.2%
Skew 10d1.5%-1.7%5.3%-1.4%-0.4%
Call IV 25d46.4%42.7%53.9%44.8%53.9%
Put IV 25d46.9%44.1%53.8%45.1%53.7%
Bid-Ask Spread %63.9243.9473.2347.0463.01
Gamma HHI0.080.060.190.080.07
Net GEX1.2M-109.7K2.0M1.9M1.8M
Net DEX-50.7M-80.5M-11.6M-80.5M-54.9M
Net VEX-762.8K-851.5K-676.6K-851.5K-739.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.081.550.541.55
Total Volume5,380.8641,76210,5633,0133,391
Total OI209,249.318193,789218,259211,103204,463

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$23.04$23.0044.5%12.4%82.7%6.0%43.9%0.3%0.6%1.9M-80.5M-851.5K0.5447.04N/AN/A1,9611,052143,67667,427
2024-04-02$22.52$23.0045.7%13.1%82.7%8.0%45.4%1.1%1.1%1.5M-66.6M-826.6K0.1943.94N/AN/A4,213793144,44767,957
2024-04-03$22.32$23.0045.8%13.0%80.1%8.1%44.7%0.5%-0.2%1.3M-62.1M-815.8K0.2745.56N/AN/A1,868495145,88368,135
2024-04-04$21.91$23.0043.7%13.2%77.7%4.6%45.9%-0.1%-12.3%1.1M-53.5M-802.3K1.5163.54N/AN/A2,5113,794146,81967,749
2024-04-05$22.57$23.0044.5%13.0%78.4%6.0%45.8%0.5%0.5%-109.7K-69.6M-834.2K0.8672.24N/AN/A3,5143,008148,36569,894
2024-04-08$22.81$23.0045.0%13.2%78.2%6.8%45.6%0.1%1.2%1.9M-77.1M-831.9K0.2463.91N/AN/A4,6741,104143,56467,941
2024-04-09$22.52$23.0045.5%12.9%77.9%7.7%45.7%-1.2%-0.5%1.7M-68.8M-816.3K0.1868.11N/AN/A8,6921,569143,32668,499
2024-04-10$22.06$23.0046.5%13.5%75.8%9.4%47.1%0.0%1.2%1.2M-52.1M-778.4K0.3273.23N/AN/A5,5961,773142,36370,556
2024-04-11$22.52$23.0044.0%12.7%76.6%5.2%45.2%1.4%0.7%2.0M-65.6M-798.2K1.3169.49N/AN/A2,3793,118145,40470,555
2024-04-12$21.73$23.0046.3%13.5%41.5%9.1%48.3%1.6%2.1%901.2K-43.1M-764.2K1.4770.89N/AN/A1,4622,142146,00069,642
2024-04-15$20.66$23.0048.2%13.9%40.7%12.1%48.8%-0.1%0.0%526.8K-22.5M-702.4K0.6862.59N/AN/A6,2864,277142,35469,247
2024-04-16$20.84$23.0050.1%14.4%33.6%15.2%50.4%1.7%-1.3%526.5K-30.2M-727.9K0.3172.70N/AN/A5,0391,573146,51169,579
2024-04-17$20.74$23.0048.6%13.9%33.1%12.8%47.8%-0.6%-0.9%429.3K-28.8M-718.8K1.4471.04N/AN/A1,8472,666145,58070,173
2024-04-18$20.66$22.0047.3%13.5%31.8%10.6%47.3%0.7%0.5%261.8K-28.0M-711.6K0.7069.39N/AN/A4,1712,903146,35769,390
2024-04-19$19.98$22.0047.1%13.6%33.1%10.4%47.7%0.7%-1.4%921.4K-11.6M-676.6K0.8571.32N/AN/A2,0771,765143,78871,088
2024-04-22$20.54$22.0045.6%13.4%35.2%7.9%46.4%0.5%6.8%728.9K-30.2M-686.0K0.2259.15N/AN/A2,428530128,91564,874
2024-04-23$21.27$22.0044.6%12.7%37.8%6.2%44.6%0.1%5.3%1.2M-46.8M-714.3K0.1562.91N/AN/A6,8351,042129,95564,331
2024-04-24$21.63$22.0045.1%12.9%38.3%7.1%45.0%-0.5%4.2%1.6M-59.0M-758.2K0.5162.65N/AN/A1,165597134,45164,967
2024-04-25$21.18$22.0045.7%12.8%38.4%8.0%44.2%1.8%7.5%1.3M-48.8M-732.6K0.5761.67N/AN/A1,301738134,99865,322
2024-04-26$21.52$22.0046.7%12.5%37.7%9.7%44.0%1.5%8.3%2.0M-58.8M-756.4K0.2966.13N/AN/A3,303973135,44065,557
2024-04-29$21.55$22.0051.7%13.5%37.8%18.0%46.4%2.0%4.4%1.6M-56.3M-737.5K0.0865.76N/AN/A7,159595133,82164,122
2024-04-30$21.24$22.0051.7%13.4%37.3%18.0%46.1%-0.2%6.8%1.8M-54.9M-739.2K1.5563.01N/AN/A1,3302,061140,13664,327