SCCO Options History — July 2023

In July 2023, SCCO traded between $68.14 and $86.43. ATM implied volatility averaged 31.9%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 2.3% (HV 20d: 34.2%). Max pain ranged from $69.28 to $76.70. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 2.00.

Notable Days

  • 2023-07-25: Highest Volume — 3,818 contracts
  • 2023-07-10: Largest IV spike — 10.8% change
  • 2023-07-25: Highest IV Rank — 22.5%
  • 2023-07-11: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.43$68.14$86.43$72.22$86.43
Max Pain$70.76$69.28$76.70$69.28$76.70
ATM IV31.9%29.1%34.0%31.2%29.8%
Expected Move9.3%8.3%10.2%8.9%8.5%
HV 20d34.2%26.2%38.0%26.2%34.7%
HV 60d38.5%37.5%39.4%37.7%39.2%
IV Rank13.7%2.5%22.5%10.8%5.6%
IV Percentile9.1%2.0%19.0%4.4%4.0%
Term Structure-0.6%-2.5%4.1%3.6%0.5%
VWIV33.0%29.3%36.0%30.0%29.8%
Skew 25d2.4%-0.3%4.3%2.4%-0.3%
Skew 10d4.3%-1.8%9.4%9.4%-1.8%
Call IV 25d31.3%28.4%33.5%28.4%30.1%
Put IV 25d33.7%29.9%36.6%30.8%29.9%
Bid-Ask Spread %56.4925.5280.7976.5325.52
Gamma HHI0.210.160.270.170.27
Net GEX898.2K-562.1K1.8M527.3K1.8M
Net DEX-44.8M-89.7M-3.8M-24.8M-89.7M
Net VEX-360.3K-395.6K-341.9K-366.3K-355.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.2512.350.690.32
Total Volume1,2702583,8182583,225
Total OI32,448.227,80934,83327,80934,833

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$72.22$69.2831.2%8.9%26.2%10.8%30.0%2.4%3.6%527.3K-24.8M-366.3K0.6976.5315310515,41412,395
2023-07-05$70.50$69.2829.1%8.3%27.5%2.5%29.3%1.9%4.1%133.1K-17.7M-353.1K8.1580.791961,59815,53512,426
2023-07-06$68.14$69.2830.4%9.8%29.7%7.8%34.7%4.3%-1.0%-562.1K-3.8M-351.7K1.6757.1215826415,68013,983
2023-07-07$70.16$69.2829.3%9.7%31.6%3.2%36.0%3.5%-1.4%-244.8K-13.8M-355.0K12.3557.871662,04615,69714,055
2023-07-10$70.33$69.2832.4%9.8%31.5%15.5%34.9%2.6%-1.0%-542.3K-12.4M-362.3K0.5355.9437419815,75016,063
2023-07-11$71.31$69.2833.6%10.2%31.7%19.9%34.2%3.9%-2.5%-252.8K-18.4M-361.4K0.3847.752389115,92016,133
2023-07-12$73.10$69.2831.9%9.2%32.7%13.5%34.2%3.1%-0.8%308.2K-29.7M-354.1K0.2553.881,28531715,97116,161
2023-07-13$77.04$69.2831.7%9.1%36.4%12.6%32.7%2.3%-1.1%1.7M-54.2M-355.9K1.3349.5160780916,88416,214
2023-07-14$75.91$69.2831.1%8.9%36.8%10.9%31.9%2.2%-0.9%1.3M-45.6M-363.8K0.6054.4732919617,12816,644
2023-07-17$75.10$69.2833.5%9.6%37.0%20.6%33.8%3.1%-1.8%1.1M-40.0M-363.2K6.6550.488355117,28916,715
2023-07-18$75.97$69.2833.5%9.6%37.2%20.5%33.4%2.6%-1.2%1.4M-48.0M-357.7K1.8347.5123142217,31516,509
2023-07-19$76.00$69.2833.2%9.5%36.9%19.3%35.3%3.9%-1.1%1.4M-46.7M-359.0K0.8652.7016013717,44916,752
2023-07-20$77.29$69.2833.6%9.6%37.2%20.9%33.9%3.5%-2.0%1.8M-55.5M-351.4K0.4351.2746619817,47716,928
2023-07-21$77.66$69.2832.3%9.3%37.2%15.9%33.3%2.3%-1.6%1.2M-56.2M-347.5K0.3259.5059619117,61717,030
2023-07-24$78.41$69.2832.4%9.3%34.4%16.1%33.0%2.9%-1.4%1.1M-50.3M-341.9K1.8561.838571,58814,91115,122
2023-07-25$82.62$74.2334.0%9.7%38.0%22.5%34.0%0.7%-1.9%1.2M-68.0M-358.0K0.5253.772,5131,30515,46916,566
2023-07-26$83.18$74.2333.6%9.6%37.9%21.2%35.1%0.8%-1.9%1.4M-71.5M-385.6K0.3464.3972624716,51417,271
2023-07-27$82.91$74.2331.2%8.9%34.6%11.2%31.5%0.5%0.4%1.6M-70.7M-395.6K0.2765.251,11929916,95417,391
2023-07-28$84.22$76.7029.4%8.4%34.3%4.1%29.7%0.9%0.7%1.6M-78.8M-366.2K0.6163.8184051617,27617,523
2023-07-31$86.43$76.7029.8%8.5%34.7%5.6%29.8%-0.3%0.5%1.8M-89.7M-355.7K0.3225.522,44178417,34617,487