S Options History — May 2024

In May 2024, S traded between $16.82 and $22.56. ATM implied volatility averaged 64.2%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded above realized volatility by 30.7% (HV 20d: 33.5%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-05-31: Highest Volume — 43,747 contracts
  • 2024-05-31: Largest IV drop — 45.9% change
  • 2024-05-30: Highest IV Rank — 60.9%
  • 2024-05-30: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.31$16.82$22.56$21.59$16.82
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV64.2%42.0%77.7%53.7%42.0%
Expected Move17.8%12.8%25.9%12.9%12.8%
HV 20d33.5%26.7%60.5%37.8%60.5%
HV 60d58.3%54.1%62.5%62.5%60.2%
IV Rank38.6%1.9%60.9%21.2%1.9%
IV Percentile68.4%1.6%90.9%43.7%1.6%
Term Structure-2.5%-7.3%5.4%5.4%-2.5%
VWIV61.9%44.1%90.5%44.1%44.7%
Skew 25d1.9%-1.0%18.9%-0.1%0.1%
Skew 10d1.7%-3.5%12.4%12.4%1.5%
Call IV 25d63.4%43.1%79.1%53.4%43.1%
Put IV 25d65.3%43.2%79.3%53.2%43.2%
Bid-Ask Spread %50.4531.0665.5562.4147.36
Gamma HHI0.080.060.230.070.12
Net GEX1.7M-393.7K3.8M2.0M-393.7K
Net DEX-56.1M-90.5M51.9M-61.5M51.9M
Net VEX-725.1K-766.3K-475.9K-755.7K-475.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.071.300.600.98
Total Volume9,276.1361,91643,7472,40043,747
Total OI208,304.227184,898230,583206,636230,583

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$21.59$22.0053.7%12.9%37.8%21.2%44.1%-0.1%5.4%2.0M-61.5M-755.7K0.6062.41N/AN/A1,502898140,64465,992
2024-05-02$21.39$22.0054.9%12.8%37.4%23.2%44.1%18.9%5.2%1.9M-55.7M-740.8K0.5263.02N/AN/A2,9241,516140,87466,008
2024-05-03$21.26$22.0055.7%12.8%35.6%24.5%45.5%0.6%5.4%1.3M-50.6M-737.9K1.2265.55N/AN/A3,7844,603141,33766,974
2024-05-06$21.68$22.0058.9%16.1%36.2%29.9%55.6%1.0%-1.8%1.8M-59.9M-735.7K0.3459.91N/AN/A2,453836139,71166,519
2024-05-07$21.62$22.0061.7%16.2%36.0%34.4%56.7%1.9%-3.1%1.8M-59.6M-734.7K0.2952.40N/AN/A1,485431141,07366,832
2024-05-08$20.99$22.0064.6%17.0%36.8%39.3%59.5%1.5%-3.1%1.1M-44.2M-716.4K1.3061.07N/AN/A1,2121,575141,56667,005
2024-05-09$21.23$22.0064.4%16.9%36.1%39.0%58.6%2.5%-3.3%1.1M-49.8M-735.3K0.7655.42N/AN/A4,0693,086142,02867,643
2024-05-10$21.07$22.0063.9%16.6%34.1%38.1%57.5%1.6%-4.1%284.4K-46.3M-715.4K0.2858.47N/AN/A4,0041,101144,40569,525
2024-05-13$21.49$22.0065.0%17.3%29.5%40.0%60.0%-0.1%-4.7%1.7M-59.4M-732.2K0.0757.96N/AN/A8,602621144,66668,398
2024-05-14$21.51$22.0065.1%17.7%29.4%40.1%60.5%2.2%-1.1%2.1M-65.9M-737.7K0.8848.24N/AN/A3,6533,225151,57268,562
2024-05-15$22.27$22.0064.9%17.5%31.5%39.8%60.8%-1.0%-3.7%2.9M-87.8M-765.0K0.6248.01N/AN/A3,3092,062152,99470,004
2024-05-16$22.26$22.0066.0%18.2%31.4%41.6%62.9%0.5%-2.8%3.1M-90.5M-761.4K0.9158.49N/AN/A1,6801,528155,10970,032
2024-05-17$21.89$22.0066.1%18.1%29.3%41.9%62.9%0.5%-4.4%3.8M-75.6M-743.5K0.4259.05N/AN/A4,6731,946155,54770,749
2024-05-20$22.52$22.0063.3%17.8%29.4%37.2%62.1%2.4%-2.2%2.5M-85.2M-761.3K0.2744.53N/AN/A4,8571,297126,81758,081
2024-05-21$22.56$22.0066.5%18.9%27.1%42.5%65.7%1.6%-2.8%3.0M-88.3M-766.3K0.5533.88N/AN/A3,7482,067129,60659,127
2024-05-22$22.20$22.0067.2%19.3%27.4%43.6%66.6%1.3%-4.4%2.7M-78.1M-747.8K0.3131.06N/AN/A7,5112,327130,94360,349
2024-05-23$21.79$22.0067.4%19.5%27.2%43.9%66.6%3.1%-4.4%2.0M-66.9M-744.1K1.0347.39N/AN/A4,6954,833131,43061,511
2024-05-24$21.69$22.0074.1%20.9%26.7%55.0%73.3%0.9%-4.8%1.4M-61.9M-755.3K1.2037.64N/AN/A4,6165,551134,25665,282
2024-05-28$20.86$22.0072.9%22.6%30.1%53.0%78.3%0.8%-5.5%1.1M-43.2M-713.1K0.5239.67N/AN/A5,4802,869130,85567,840
2024-05-29$20.76$22.0076.5%24.0%29.8%59.0%85.8%0.7%-7.3%1.1M-44.1M-716.7K1.2241.69N/AN/A7,9389,703134,28969,944
2024-05-30$19.29$22.0077.7%25.9%38.5%60.9%90.5%0.2%-6.0%469.3K-11.4M-660.0K1.0136.78N/AN/A12,94713,111138,42177,590
2024-05-31$16.82$22.0042.0%12.8%60.5%1.9%44.7%0.1%-2.5%-393.7K51.9M-475.9K0.9847.36N/AN/A22,04021,707145,31385,270