USMC Options History — April 2018

In April 2018, USMC traded between $24.79 and $26.00. ATM implied volatility averaged 78.0%. The 30-day expected move averaged 19.7%. IV traded above realized volatility by 55.5% (HV 20d: 22.4%). Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2018-04-18: Highest Volume — 24 contracts
  • 2018-04-19: Largest IV spike — 407.9% change
  • 2018-04-04: Largest Expected Move — 34.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.43$24.79$26.00$24.79$25.36
ATM IV78.0%17.6%145.0%117.8%33.4%
Expected Move19.7%5.0%34.8%33.8%9.6%
HV 20d22.4%18.7%24.8%24.8%18.7%
Term Structure-24.2%-59.9%19.8%-44.5%-17.1%
Skew 25d18.6%-28.3%83.4%12.7%11.2%
Skew 10d23.4%-67.8%98.3%32.1%1.3%
Call IV 25d85.4%14.6%159.9%153.4%24.7%
Put IV 25d104.0%15.9%194.4%166.1%35.8%
Bid-Ask Spread %167.22121.94193.11167.88159.10
Gamma HHI0.600.371.000.380.80
Net GEX402-1.7K2.3K22.3K
Net DEX-11.5K-61.5K3.1K370-34.6K
Net VEX-108-3550-27-302
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.091.001.000.17
Total Volume10.381424414
Total OI18.571456456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$24.79$0.00117.8%33.8%0.0%0.0%0.0%12.7%-44.5%2370-271.00167.88N/AN/A2222
2018-04-03$25.10$0.00117.9%33.8%0.0%0.0%0.0%15.7%-38.9%5100-271.00180.15N/AN/A2222
2018-04-04$25.42$0.00121.2%34.8%0.0%0.0%0.0%11.2%-43.0%182-281.00172.63N/AN/A2222
2018-04-05$25.64$0.00120.8%22.1%0.0%0.0%0.0%27.6%-19.0%4-168-281.00173.53N/AN/A2222
2018-04-06$24.86$0.0040.7%16.5%0.0%0.0%0.0%-2.6%-56.2%-1.7K3.1K-60.50158.94N/AN/A4222
2018-04-09$25.27$0.00145.0%17.6%0.0%0.0%0.0%83.4%-29.1%42-750-470.50181.45N/AN/A4243
2018-04-10$25.58$0.0043.8%9.4%0.0%0.0%0.0%2.1%-9.3%46-455-470.50157.12N/AN/A4243
2018-04-11$25.39$0.0081.0%23.2%0.0%0.0%0.0%14.9%-9.8%0900.50170.78N/AN/A4243
2018-04-12$25.66$0.0080.8%23.2%0.0%0.0%0.0%37.9%-23.1%32-1.4K-470.50169.45N/AN/A4243
2018-04-13$25.53$0.0053.2%15.3%0.0%0.0%0.0%8.9%-30.2%30-2.1K-470.50161.60N/AN/A4243
2018-04-16$25.74$0.0085.5%24.5%24.8%0.0%0.0%15.7%-32.3%30-2.1K-470.50181.19N/AN/A4243
2018-04-17$26.00$0.0034.0%9.7%24.2%0.0%0.0%-11.4%19.8%0275-40.50175.84N/AN/A4243
2018-04-18$25.92$0.0017.6%5.0%23.5%0.0%0.0%1.3%17.3%46-1.4K-460.09121.94N/AN/A22243
2018-04-19$25.68$0.0089.2%25.6%23.2%0.0%0.0%16.8%-21.8%687-18.8K-1600.09172.53N/AN/A222223
2018-04-20$25.46$0.0049.4%14.2%22.8%0.0%0.0%81.4%-26.9%900-14.3K-1450.09173.86N/AN/A222223
2018-04-23$25.40$0.0059.3%17.0%22.2%0.0%0.0%44.8%-13.6%593-20.1K-1580.09144.68N/AN/A222223
2018-04-24$25.08$0.00102.5%29.4%22.1%0.0%0.0%11.9%-33.6%582-19.3K-1570.14172.16N/AN/A142223
2018-04-25$25.20$0.0028.7%8.2%22.0%0.0%0.0%-28.3%19.3%1.7K-34.7K-2960.33154.59N/AN/A62473
2018-04-26$25.51$0.0074.0%21.2%21.8%0.0%0.0%-0.7%-59.9%2.0K-33.4K-2900.25169.06N/AN/A82493
2018-04-27$25.50$0.00141.6%0.0%21.5%0.0%0.0%36.8%-56.7%1.2K-61.5K-3550.25193.11N/AN/A82533
2018-04-30$25.36$0.0033.4%9.6%18.7%0.0%0.0%11.2%-17.1%2.3K-34.6K-3020.17159.10N/AN/A122533