SCCO Options History — March 2019

In March 2019, SCCO traded between $35.32 and $39.23. ATM implied volatility averaged 29.8%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 3.7% (HV 20d: 33.5%). Max pain ranged from $33.21 to $35.63. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-03-08: Highest Volume — 1,882 contracts
  • 2019-03-12: Largest IV drop — 14.7% change
  • 2019-03-11: Highest IV Rank — 42.7%
  • 2019-03-04: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.28$35.32$39.23$35.33$39.23
Max Pain$34.42$33.21$35.63$33.21$35.63
ATM IV29.8%25.9%34.0%30.5%28.3%
Expected Move8.7%7.9%9.5%8.7%8.4%
HV 20d33.5%23.6%42.1%41.9%29.0%
HV 60d36.3%35.4%37.0%36.3%36.6%
IV Rank25.5%9.5%42.7%28.2%19.5%
IV Percentile50.0%16.3%73.4%60.7%38.5%
Term Structure1.2%-0.1%2.3%0.4%1.0%
VWIV30.3%23.7%34.4%30.3%31.3%
Skew 25d3.9%2.7%5.4%5.0%3.1%
Skew 10d9.9%5.2%16.3%5.2%8.4%
Call IV 25d27.7%24.4%30.4%28.9%26.9%
Put IV 25d31.5%28.0%34.9%33.9%30.1%
Bid-Ask Spread %22.2613.8484.2015.0519.80
Gamma HHI0.170.080.680.180.08
Net GEX540.8K218.3K1.9M604.0K325.7K
Net DEX-16.2M-25.8M-10.1M-13.9M-15.8M
Net VEX-54.6K-58.6K-49.6K-57.3K-50.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.195.021.450.38
Total Volume7172161,8821,081509
Total OI13,861.199,96716,98814,91411,790

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$35.33$33.2130.5%8.7%41.9%28.2%30.3%5.0%0.4%604.0K-13.9M-57.3K1.4515.0544164010,3634,551
2019-03-04$35.32$33.2133.3%9.5%41.9%39.7%24.2%4.5%0.7%560.9K-13.4M-58.0K0.6115.8320312310,4085,024
2019-03-05$35.87$33.2130.3%8.7%42.1%27.3%23.7%4.1%1.1%576.2K-15.7M-56.8K0.2316.022646110,3995,125
2019-03-06$35.79$33.2130.5%8.8%42.1%28.5%31.5%2.9%1.6%583.9K-15.8M-55.6K0.3716.7774327810,4685,135
2019-03-07$35.60$33.2132.6%9.4%42.1%37.0%33.5%3.5%1.1%620.3K-15.4M-55.9K0.4328.3169830210,6875,139
2019-03-08$35.47$33.2131.1%8.9%38.4%30.7%30.7%4.3%1.8%606.0K-14.4M-55.2K0.8384.201,03185110,7015,125
2019-03-11$36.57$33.6534.0%8.9%39.2%42.7%30.1%3.5%1.0%703.4K-20.7M-58.6K0.3029.4738211311,2995,614
2019-03-12$37.45$33.6529.0%8.8%35.4%22.4%31.2%3.6%2.0%755.8K-24.8M-54.8K0.1920.0172313911,3705,618
2019-03-13$37.83$33.6528.5%8.8%30.8%20.1%31.1%3.3%2.3%753.6K-25.8M-53.6K0.2018.7768213911,2555,596
2019-03-14$36.74$33.6528.8%8.8%34.0%21.3%31.0%3.6%1.4%794.1K-21.3M-54.9K0.4926.1637318111,3035,596
2019-03-15$37.23$34.6426.2%7.9%33.2%10.8%28.2%3.6%1.3%1.9M-23.7M-52.1K0.5920.2541824611,2625,649
2019-03-18$37.79$34.6425.9%8.0%32.1%9.5%29.6%3.7%1.9%338.2K-12.7M-49.6K5.0216.581698486,1533,814
2019-03-19$38.37$34.6427.2%8.1%25.4%14.9%28.4%2.7%1.3%281.8K-13.6M-52.2K1.1513.844415056,2284,581
2019-03-20$38.77$35.6327.8%8.4%23.7%17.2%30.2%4.8%1.2%261.6K-14.1M-53.8K0.6522.854062656,3884,806
2019-03-21$39.01$35.6328.3%8.6%23.6%19.4%30.6%4.1%1.9%274.4K-14.8M-52.9K0.6819.273912686,4834,870
2019-03-22$37.23$35.6331.2%9.0%29.6%31.1%31.8%5.4%0.0%218.3K-10.1M-57.5K0.4018.725452186,5564,894
2019-03-25$37.58$35.6332.3%9.1%29.3%35.8%31.8%3.2%-0.1%248.7K-11.3M-56.8K0.4716.30147696,6874,941
2019-03-26$38.66$35.6330.2%9.0%30.7%27.0%34.4%3.4%1.1%304.9K-14.4M-53.9K0.2215.98322716,7534,959
2019-03-27$38.49$35.6329.6%8.7%30.8%24.9%32.2%4.5%1.0%303.1K-13.9M-53.8K0.2718.98339936,7824,975
2019-03-28$38.60$35.6330.2%8.7%28.7%27.0%31.5%4.2%0.1%302.2K-14.0M-53.6K0.5114.302781426,7604,978
2019-03-29$39.23$35.6328.3%8.4%29.0%19.5%31.3%3.1%1.0%325.7K-15.8M-50.6K0.3819.803701396,7755,015