SCCO Options History — May 2023

In May 2023, SCCO traded between $64.20 and $78.35. ATM implied volatility averaged 36.0%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 6.9% (HV 20d: 42.9%). Max pain ranged from $69.28 to $74.23. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.01.

Notable Days

  • 2023-05-05: Highest Volume — 9,569 contracts
  • 2023-05-05: Largest IV drop — 13.1% change
  • 2023-05-30: Highest IV Rank — 37.7%
  • 2023-05-30: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.78$64.20$78.35$76.14$66.00
Max Pain$73.55$69.28$74.23$74.23$69.28
ATM IV36.0%30.7%39.6%33.1%39.4%
Expected Move10.5%9.5%11.4%9.5%11.3%
HV 20d42.9%31.9%48.5%34.4%48.1%
HV 60d40.3%35.3%43.1%35.3%42.1%
IV Rank21.9%0.0%37.7%6.4%36.8%
IV Percentile26.5%0.0%54.0%3.6%52.0%
Term Structure-0.6%-3.8%2.0%1.5%-3.2%
VWIV36.3%31.7%39.9%31.7%38.8%
Skew 25d4.8%3.1%6.1%3.6%5.2%
Skew 10d10.3%4.9%30.2%4.9%9.2%
Call IV 25d34.4%30.6%37.5%30.6%36.3%
Put IV 25d39.3%34.3%41.8%34.3%41.5%
Bid-Ask Spread %64.0824.2974.2524.2969.14
Gamma HHI0.300.260.360.310.29
Net GEX399.2K-1.2M3.5M2.2M-849.7K
Net DEX-13.9M-70.3M19.8M-51.2M10.9M
Net VEX-442.6K-510.0K-367.9K-485.2K-372.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.184.430.533.21
Total Volume1,188.7272049,569977493
Total OI42,254.18237,35045,54242,63137,826

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$76.14$74.2333.1%9.5%34.4%6.4%31.7%3.6%1.5%2.2M-51.2M-485.2K0.5324.2963933827,73314,898
2023-05-02$75.91$74.2334.5%9.9%34.0%12.3%33.3%3.4%1.7%2.2M-50.4M-490.7K0.5269.6422211528,07915,032
2023-05-03$75.11$74.2334.1%9.8%31.9%10.7%33.9%3.3%2.0%1.8M-42.8M-484.8K1.0470.5510010428,04515,070
2023-05-04$74.32$74.2335.4%10.8%32.1%16.3%39.9%5.1%-1.3%1.5M-36.8M-482.0K1.0548.2227729128,06015,141
2023-05-05$78.35$74.2330.7%9.9%37.1%0.0%39.6%4.4%0.3%3.5M-70.3M-494.6K0.2056.017,9411,62828,14815,146
2023-05-08$78.08$74.2332.8%10.0%37.1%8.6%36.2%5.3%-0.2%3.5M-66.4M-510.0K0.3642.8845916427,48216,446
2023-05-09$78.17$74.2332.7%10.0%35.4%8.5%35.9%5.1%0.0%3.5M-66.3M-502.3K0.2966.5534910227,55316,445
2023-05-10$73.82$74.2336.8%10.5%41.0%25.8%37.2%5.6%-0.6%968.9K-28.5M-471.4K0.5166.461,72287127,65616,477
2023-05-11$68.84$74.2337.6%10.8%44.4%29.3%37.9%5.9%-0.4%-540.6K3.8M-461.9K0.8069.111,19595428,52516,989
2023-05-12$68.56$74.2337.1%10.6%44.3%27.0%37.7%5.3%-0.3%-622.3K5.6M-456.5K0.8870.4141136228,57216,970
2023-05-15$71.58$74.2338.0%10.9%47.7%31.1%36.0%6.1%-1.4%-23.6K-13.3M-471.1K0.2272.0351811228,53316,980
2023-05-16$68.87$74.2337.2%10.7%47.6%27.4%36.6%5.5%-0.7%-700.3K4.8M-444.6K0.4368.7884036428,35816,982
2023-05-17$70.06$74.2337.0%10.6%48.4%26.7%35.5%4.6%-0.2%-568.1K-2.4M-449.7K0.2974.2535710528,47117,036
2023-05-18$68.54$74.2335.2%10.1%48.5%18.9%35.4%5.2%-0.4%-1.1M9.1M-427.3K2.6969.6528777228,45316,987
2023-05-19$68.27$74.2336.0%10.3%48.2%22.4%36.7%4.7%-1.3%-665.8K11.4M-423.1K0.6767.9160040028,47016,998
2023-05-22$68.54$74.2335.3%10.1%47.9%19.3%34.9%4.6%-0.3%-784.9K2.9M-418.1K0.1863.555018922,09215,728
2023-05-23$66.38$74.2336.7%10.5%46.0%25.3%35.2%5.0%-1.2%-1.2M14.9M-393.1K4.4367.6618983722,57215,726
2023-05-24$64.20$74.2337.9%10.9%47.0%30.6%38.5%5.8%-1.1%-793.8K19.8M-368.3K1.5670.978012422,68814,856
2023-05-25$64.61$74.2337.5%10.7%47.1%28.7%35.3%5.7%-1.5%-878.0K19.1M-367.9K0.4368.291978422,65014,910
2023-05-26$66.56$69.2838.4%11.0%48.4%32.7%36.2%3.1%-2.0%-873.6K9.9M-387.3K1.7867.5518633022,53414,925
2023-05-30$66.28$69.2839.6%11.4%48.1%37.7%37.1%4.0%-3.8%-844.8K10.1M-375.5K0.2565.873558822,72114,629
2023-05-31$66.00$69.2839.4%11.3%48.1%36.8%38.8%5.2%-3.2%-849.7K10.9M-372.1K3.2169.1411737623,19114,635