SCCO Options History — February 2023

In February 2023, SCCO traded between $70.06 and $77.81. ATM implied volatility averaged 34.9%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.0% (HV 20d: 27.9%). Max pain ranged from $64.33 to $74.23. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.53.

Notable Days

2023-02-10: Highest Volume — 8,494 contracts
2023-02-03: Largest IV drop — 12.8% change
2023-02-02: Highest IV Rank — 36.0%
2023-02-23: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.58	$70.06	$77.81	$77.81	$72.97
Max Pain	$68.24	$64.33	$74.23	$69.28	$74.23
ATM IV	34.9%	31.7%	40.4%	37.9%	34.6%
Expected Move	9.9%	9.1%	11.0%	10.9%	9.9%
HV 20d	27.9%	24.3%	35.2%	30.7%	28.4%
HV 60d	31.0%	28.4%	39.4%	39.4%	28.4%
IV Rank	12.4%	0.0%	36.0%	24.3%	12.9%
IV Percentile	11.2%	0.0%	49.6%	25.4%	8.7%
Term Structure	-0.6%	-3.0%	1.6%	-2.6%	0.2%
VWIV	34.8%	31.9%	38.5%	38.5%	35.7%
Skew 25d	3.0%	0.9%	4.1%	4.0%	3.3%
Skew 10d	6.0%	2.6%	10.8%	10.8%	5.6%
Call IV 25d	33.6%	30.7%	36.6%	36.6%	34.2%
Put IV 25d	36.6%	33.4%	40.6%	40.6%	37.5%
Bid-Ask Spread %	50.34	25.63	69.18	39.83	53.59
Gamma HHI	0.23	0.21	0.28	0.28	0.23
Net GEX	1.2M	-200.7K	4.0M	4.0M	470.7K
Net DEX	-39.8M	-95.6M	-3.2M	-95.6M	-25.5M
Net VEX	-485.0K	-527.0K	-459.7K	-475.2K	-527.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.53	0.07	8.93	1.48	1.18
Total Volume	1,900	359	8,494	1,626	1,237
Total OI	46,302.737	34,563	52,991	48,199	37,955

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
2023-02-01	$77.81	$69.28	37.9%	10.9%	30.7%	24.3%	38.5%	4.0%	-2.6%	4.0M	-95.6M	-475.2K	1.48	39.83	657	969	33,554	14,645
2023-02-02	$74.91	$64.33	40.4%	10.4%	35.2%	36.0%	37.2%	3.3%	-2.4%	2.7M	-69.6M	-471.1K	1.01	54.55	495	498	33,870	15,364
2023-02-03	$74.69	$64.33	35.2%	9.7%	34.9%	12.0%	34.7%	2.5%	0.3%	2.3M	-65.3M	-459.7K	8.93	53.56	339	3,031	33,830	15,500
2023-02-06	$74.04	$64.33	36.1%	9.9%	32.2%	15.9%	34.9%	2.6%	-0.6%	1.7M	-52.6M	-487.1K	0.77	44.85	516	396	33,944	17,725
2023-02-07	$73.93	$64.33	34.9%	9.7%	31.5%	10.6%	34.2%	2.7%	-0.4%	1.5M	-51.5M	-486.0K	1.08	46.28	640	693	34,310	17,864
2023-02-08	$73.71	$64.33	33.9%	9.7%	29.9%	5.8%	34.5%	2.7%	-0.4%	1.4M	-49.9M	-486.2K	0.55	40.38	231	128	34,367	17,947
2023-02-09	$73.62	$64.33	33.3%	9.5%	28.7%	2.9%	33.5%	2.2%	-0.6%	1.2M	-49.9M	-485.1K	0.38	43.70	879	334	34,745	17,982
2023-02-10	$72.79	$64.33	33.0%	9.5%	26.6%	1.4%	33.8%	3.3%	0.5%	866.9K	-41.6M	-481.1K	0.07	60.25	7,930	564	34,845	18,146
2023-02-13	$73.17	$69.28	34.0%	9.7%	25.4%	6.2%	35.1%	4.1%	-0.6%	928.5K	-26.9M	-488.5K	0.55	46.16	560	310	32,023	18,414
2023-02-14	$73.96	$69.28	32.7%	9.4%	24.3%	0.2%	33.1%	4.1%	-0.8%	1.2M	-33.2M	-481.0K	0.68	29.51	640	438	32,188	18,367
2023-02-15	$74.34	$69.28	31.7%	9.1%	24.3%	0.0%	31.9%	3.8%	0.5%	1.3M	-35.6M	-482.8K	0.42	25.63	449	189	32,266	18,359
2023-02-16	$75.28	$69.28	32.1%	9.2%	24.6%	1.8%	32.4%	0.9%	1.6%	1.4M	-44.9M	-481.6K	1.67	58.88	626	1,045	32,393	18,463
2023-02-17	$73.35	$69.28	33.5%	9.6%	25.4%	8.0%	34.6%	2.5%	-0.6%	601.1K	-22.4M	-483.6K	1.15	57.25	485	558	32,610	19,135
2023-02-21	$73.49	$69.28	34.9%	10.0%	25.1%	14.2%	36.1%	2.7%	-0.1%	652.5K	-29.0M	-481.3K	0.70	58.31	641	447	17,890	16,673
2023-02-22	$72.67	$69.28	34.8%	10.0%	24.7%	14.0%	35.3%	2.8%	-0.3%	609.4K	-24.9M	-475.8K	0.77	57.49	361	278	18,101	16,712
2023-02-23	$71.39	$69.28	38.2%	11.0%	25.4%	28.9%	36.7%	3.4%	-3.0%	406.5K	-17.4M	-473.6K	3.61	60.65	1,029	3,709	18,279	16,839
2023-02-24	$70.06	$74.23	35.9%	10.3%	26.0%	18.9%	34.8%	3.5%	-0.5%	-200.7K	-3.2M	-500.9K	2.21	69.18	806	1,785	18,679	18,649
2023-02-27	$71.75	$74.23	36.6%	10.5%	27.7%	21.6%	34.8%	2.9%	-1.3%	248.2K	-17.4M	-506.6K	1.87	56.37	770	1,437	19,164	17,955
2023-02-28	$72.97	$74.23	34.6%	9.9%	28.4%	12.9%	35.7%	3.3%	0.2%	470.7K	-25.5M	-527.0K	1.18	53.59	568	669	19,503	18,452