S Options History — July 2024

In July 2024, S traded between $19.70 and $24.48. ATM implied volatility averaged 47.1%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 1.0% (HV 20d: 48.2%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2024-07-22: Highest Volume — 57,166 contracts
  • 2024-07-19: Largest IV spike — 14.1% change
  • 2024-07-31: Highest IV Rank — 45.0%
  • 2024-07-30: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.56$19.70$24.48$20.37$23.05
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV47.1%38.5%66.5%38.9%66.5%
Expected Move13.0%10.4%15.1%11.1%14.5%
HV 20d48.2%37.2%63.2%37.3%58.0%
HV 60d49.8%46.2%54.2%47.7%54.2%
IV Rank14.3%0.5%45.0%1.2%45.0%
IV Percentile31.1%1.6%77.8%2.8%77.8%
Term Structure3.6%-1.1%15.5%1.1%-0.2%
VWIV45.6%37.0%53.8%38.7%51.1%
Skew 25d0.5%-1.7%4.1%0.3%4.1%
Skew 10d1.4%-2.6%4.9%2.4%-0.8%
Call IV 25d47.2%38.9%66.5%39.6%65.1%
Put IV 25d47.8%38.6%69.1%39.9%69.1%
Bid-Ask Spread %60.3546.3369.9860.1350.90
Gamma HHI0.100.080.130.100.10
Net GEX2.7M1.5M4.4M2.3M4.0M
Net DEX-108.0M-188.8M-57.2M-78.5M-148.4M
Net VEX-752.4K-912.5K-642.4K-670.1K-892.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.090.450.130.17
Total Volume11,380.4091,90257,1664,6716,107
Total OI206,387.591185,410246,472189,423237,842

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$20.37$20.0038.9%11.1%37.3%1.2%38.7%0.3%1.1%2.3M-78.5M-670.1K0.1360.13N/AN/A4,127544135,09954,324
2024-07-02$20.48$20.0038.8%11.0%37.2%1.1%39.2%0.2%0.7%2.3M-78.9M-673.6K0.3262.93N/AN/A2,075668135,63754,652
2024-07-03$20.06$20.0038.5%10.4%38.6%0.5%37.0%-0.3%-0.4%2.1M-71.6M-661.2K0.1965.43N/AN/A1,592310136,65854,843
2024-07-05$20.31$20.0039.7%11.3%38.2%2.6%38.9%-0.5%-1.0%1.8M-75.8M-658.5K0.1761.95N/AN/A4,262707136,54054,915
2024-07-08$20.44$20.0040.0%11.7%38.1%2.9%40.1%0.9%0.5%1.8M-74.2M-666.1K0.2559.29N/AN/A2,112526130,99854,412
2024-07-09$19.70$20.0041.3%11.9%41.2%5.1%41.9%2.5%-0.4%1.5M-57.2M-642.4K0.2066.37N/AN/A5,7451,122132,58554,665
2024-07-10$19.95$20.0041.5%12.1%40.4%5.4%42.9%-0.5%1.6%1.6M-64.6M-660.6K0.3465.43N/AN/A2,693919136,59655,532
2024-07-11$20.30$20.0041.1%12.3%39.9%4.8%42.7%0.5%1.2%1.9M-74.5M-682.5K0.1562.74N/AN/A3,593528137,92456,276
2024-07-12$20.46$20.0039.4%11.7%38.6%2.0%41.5%-1.5%2.8%1.9M-78.2M-686.6K0.3568.32N/AN/A1,960679139,20556,668
2024-07-15$21.73$20.0043.3%12.5%43.1%8.1%43.5%1.8%-1.1%2.3M-107.4M-715.2K0.1265.58N/AN/A9,3051,129137,56356,110
2024-07-16$21.88$20.0040.1%11.5%43.0%3.2%40.5%0.8%1.8%2.7M-113.7M-721.4K0.1367.91N/AN/A6,310789140,87056,564
2024-07-17$21.14$20.0044.3%12.7%45.5%9.8%44.1%1.7%-0.2%2.4M-94.3M-713.7K0.0964.29N/AN/A4,243395142,07256,896
2024-07-18$20.14$20.0045.7%13.1%49.2%11.9%46.1%-0.3%0.0%1.8M-67.6M-670.1K0.4569.98N/AN/A2,159970143,37556,972
2024-07-19$21.48$20.0052.1%14.7%53.0%22.1%51.2%-0.3%6.7%3.1M-104.7M-725.9K0.1568.36N/AN/A24,3013,687143,85157,410
2024-07-22$23.34$20.0050.7%14.7%59.1%19.9%52.2%0.8%11.6%2.7M-147.7M-791.2K0.1646.33N/AN/A49,2367,930136,25953,146
2024-07-23$24.48$20.0049.3%14.4%59.9%17.6%50.9%-0.9%13.0%4.1M-188.8M-842.6K0.1158.22N/AN/A39,3984,363154,13857,398
2024-07-24$23.59$20.0050.0%14.6%62.5%18.8%51.8%-0.8%15.5%4.3M-169.9M-888.9K0.2758.32N/AN/A16,6384,442173,09760,269
2024-07-25$23.20$20.0052.9%14.8%63.2%23.4%52.0%-1.7%14.1%4.3M-159.3M-910.2K0.1849.19N/AN/A9,1981,647179,96161,671
2024-07-26$23.19$20.0055.4%14.5%57.6%27.4%51.9%1.3%14.4%4.4M-158.1M-912.5K0.3154.75N/AN/A9,2812,833184,48061,992
2024-07-29$22.52$20.0062.7%14.9%58.9%38.9%52.2%2.0%-0.4%3.3M-130.7M-883.4K0.1049.53N/AN/A6,607682174,07160,129
2024-07-30$22.54$20.0065.0%15.1%57.7%42.5%53.8%2.1%-0.9%3.5M-132.9M-884.3K0.1751.67N/AN/A3,898659176,49760,365
2024-07-31$23.05$20.0066.5%14.5%58.0%45.0%51.1%4.1%-0.2%4.0M-148.4M-892.7K0.1750.90N/AN/A5,241866177,43460,408