SCCO Options History — February 2019

In February 2019, SCCO traded between $29.82 and $36.43. ATM implied volatility averaged 33.2%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 5.4% (HV 20d: 38.6%). Max pain ranged from $31.24 to $34.64. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.43.

Notable Days

2019-02-19: Highest Volume — 3,509 contracts
2019-02-06: Largest IV drop — 12.6% change
2019-02-01: Highest IV Rank — 59.6%
2019-02-11: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.62	$29.82	$36.43	$33.11	$35.32
Max Pain	$33.17	$31.24	$34.64	$34.64	$33.21
ATM IV	33.2%	29.9%	38.2%	38.2%	31.1%
Expected Move	9.3%	8.6%	10.1%	9.7%	8.9%
HV 20d	38.6%	30.6%	44.2%	37.2%	42.0%
HV 60d	38.8%	35.9%	43.1%	38.5%	36.3%
IV Rank	39.2%	26.1%	59.6%	59.6%	30.7%
IV Percentile	70.5%	59.9%	85.7%	85.7%	63.9%
Term Structure	-0.5%	-2.2%	1.3%	-1.6%	1.3%
VWIV	32.8%	29.9%	34.8%	34.2%	30.8%
Skew 25d	3.5%	2.5%	5.2%	3.7%	3.4%
Skew 10d	9.3%	4.4%	16.0%	7.1%	7.8%
Call IV 25d	31.1%	28.4%	34.1%	31.5%	29.9%
Put IV 25d	34.6%	32.1%	37.3%	35.2%	33.3%
Bid-Ask Spread %	17.84	11.92	26.48	22.36	11.92
Gamma HHI	0.22	0.14	0.77	0.23	0.17
Net GEX	529.5K	-87.9K	2.3M	477.5K	599.6K
Net DEX	-6.4M	-19.1M	6.0M	-2.8M	-13.9M
Net VEX	-36.5K	-57.8K	0	-34.1K	-57.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.12	0.82	0.55	0.49
Total Volume	1,353.158	234	3,509	784	963
Total OI	11,957.158	0	14,768	11,363	14,768

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$33.11	$34.64	38.2%	9.7%	37.2%	59.6%	34.2%	3.7%	-1.6%	477.5K	-2.8M	-34.1K	0.55	22.36	507	277	7,639	3,724
2019-02-04	$33.31	$34.64	36.7%	9.2%	30.7%	53.4%	32.7%	3.6%	-1.0%	551.9K	-3.6M	-33.2K	0.56	12.34	150	84	7,799	3,773
2019-02-05	$33.66	$34.64	36.7%	9.1%	30.7%	53.5%	32.1%	2.9%	-1.3%	624.9K	-4.8M	-33.4K	0.55	14.09	481	263	7,879	3,778
2019-02-06	$33.98	$34.64	32.1%	9.2%	30.6%	34.8%	34.0%	3.8%	-1.6%	584.1K	-5.2M	-34.2K	0.55	20.95	227	125	7,919	4,071
2019-02-07	$32.50	$34.64	33.4%	9.6%	35.1%	40.1%	33.6%	3.4%	-0.9%	354.4K	40.0K	-30.9K	0.33	19.70	440	145	8,019	4,198
2019-02-08	$32.25	$0.00	32.4%	9.3%	35.2%	35.9%	33.8%	3.6%	-0.7%	0	0	0	0.19	26.48	428	82	0	0
2019-02-11	$30.95	$34.20	35.3%	10.1%	38.3%	47.7%	34.8%	3.2%	-2.2%	180.6K	2.8M	-27.5K	0.12	17.21	2,105	252	7,929	4,207
2019-02-12	$29.82	$33.21	31.9%	9.1%	39.9%	34.0%	31.6%	3.7%	-0.6%	-87.9K	6.0M	-21.3K	0.82	12.18	514	422	9,107	4,219
2019-02-13	$30.34	$32.22	30.9%	8.9%	36.8%	30.1%	30.2%	2.8%	-0.5%	12.3K	4.4M	-23.0K	0.76	16.74	373	283	9,292	4,110
2019-02-14	$31.23	$32.22	29.9%	8.6%	37.4%	26.1%	29.9%	3.1%	0.3%	353.3K	1.8M	-24.9K	0.52	16.91	573	299	9,393	4,004
2019-02-15	$32.26	$31.24	31.5%	9.0%	38.5%	32.4%	31.1%	2.5%	0.7%	2.3M	-4.1M	-29.1K	0.30	20.09	1,169	356	9,556	4,071
2019-02-19	$34.31	$31.24	33.7%	9.7%	44.0%	41.4%	33.9%	3.6%	-0.4%	322.4K	-5.9M	-31.4K	0.20	14.14	2,932	577	5,854	2,670
2019-02-20	$35.38	$32.22	33.0%	9.5%	44.2%	38.6%	33.9%	4.3%	1.0%	538.9K	-11.9M	-40.5K	0.30	20.45	1,987	594	7,784	2,932
2019-02-21	$35.38	$32.22	33.9%	9.7%	43.6%	42.2%	33.0%	3.8%	-0.8%	599.3K	-12.2M	-45.3K	0.19	18.81	2,785	537	8,526	3,199
2019-02-22	$35.87	$32.22	33.2%	9.5%	43.3%	39.3%	33.7%	5.2%	-0.2%	701.0K	-16.9M	-55.9K	0.72	24.85	1,323	948	9,938	3,466
2019-02-25	$36.43	$33.21	32.9%	9.4%	42.1%	38.1%	33.2%	3.5%	-0.6%	668.4K	-19.1M	-56.1K	0.32	21.00	850	275	10,233	4,050
2019-02-26	$36.34	$33.21	32.4%	9.3%	41.9%	35.9%	33.6%	2.7%	-1.0%	642.4K	-18.1M	-57.8K	0.23	14.57	868	198	10,264	4,251
2019-02-27	$36.29	$33.21	30.9%	8.9%	41.4%	30.0%	32.1%	4.0%	0.7%	652.2K	-18.1M	-56.5K	0.41	14.22	934	384	10,275	4,289
2019-02-28	$35.32	$33.21	31.1%	8.9%	42.0%	30.7%	30.8%	3.4%	1.3%	599.6K	-13.9M	-57.8K	0.49	11.92	645	318	10,284	4,484