USMC Options History — July 2018

In July 2018, USMC traded between $25.88 and $27.18. ATM implied volatility averaged 83.7%. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 72.1% (HV 20d: 11.6%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.09.

Notable Days

  • 2018-07-27: Highest Volume — 53 contracts
  • 2018-07-27: Largest IV spike — 577.9% change
  • 2018-07-18: Largest Expected Move — 48.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.69$25.88$27.18$25.88$27.11
ATM IV83.7%14.9%168.8%113.5%127.6%
Expected Move22.6%4.3%48.4%32.5%36.9%
HV 20d11.6%6.7%13.1%12.1%6.7%
HV 60d11.7%10.4%12.8%12.8%10.4%
Term Structure-19.7%-72.3%93.3%-36.7%-46.7%
Skew 25d15.7%-3.3%142.8%7.9%36.2%
Skew 10d9.0%-93.9%142.8%7.9%-93.9%
Call IV 25d72.2%12.5%180.4%127.4%138.3%
Put IV 25d88.0%13.8%193.6%135.3%174.5%
Bid-Ask Spread %171.59129.08200.00180.74200.00
Gamma HHI0.370.310.460.370.46
Net GEX10.4K5.7K16.9K6.3K14.0K
Net DEX-164.2K-255.8K-106.2K-146.3K-255.8K
Net VEX-809-960-686-840-960
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.080.100.090.08
Total Volume46.28645534853
Total OI168.286160194160194

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$25.88$0.00113.5%32.5%12.1%0.0%0.0%7.9%-36.7%6.3K-146.3K-8400.09180.74N/AN/A4441555
2018-07-03$25.90$0.00115.3%33.1%12.0%0.0%0.0%11.3%-40.6%6.5K-148.0K-8390.10183.91N/AN/A4141555
2018-07-05$26.07$0.00123.5%22.1%12.0%0.0%0.0%-1.4%-13.3%7.4K-149.3K-8320.10175.82N/AN/A4141605
2018-07-06$26.34$0.00152.5%43.7%12.5%0.0%0.0%142.8%-36.9%5.7K-181.4K-7810.10153.54N/AN/A4141605
2018-07-09$26.46$0.0019.6%5.3%12.5%0.0%0.0%2.5%93.3%8.8K-141.2K-7970.10136.68N/AN/A4141605
2018-07-10$26.63$0.0083.0%21.7%12.6%0.0%0.0%0.2%-18.2%10.1K-142.5K-8160.10193.00N/AN/A4141605
2018-07-11$26.47$0.0018.2%5.2%12.8%0.0%0.0%2.6%0.6%13.2K-106.2K-7170.10133.69N/AN/A4141605
2018-07-12$26.65$0.0091.3%26.2%13.0%0.0%0.0%6.4%-17.3%7.8K-169.9K-8150.10176.13N/AN/A4141605
2018-07-13$26.73$0.0078.6%22.5%13.1%0.0%0.0%0.6%-23.5%10.3K-152.2K-8180.10182.43N/AN/A4141605
2018-07-16$26.72$0.0032.5%9.3%13.1%0.0%0.0%1.6%-8.3%12.6K-148.0K-8260.10154.91N/AN/A4141605
2018-07-17$26.83$0.0084.0%24.1%13.1%0.0%0.0%79.1%-72.3%14.1K-121.5K-7250.10185.48N/AN/A4141605
2018-07-18$26.84$0.00168.8%48.4%13.0%0.0%0.0%13.1%-54.7%9.9K-209.9K-8650.10193.90N/AN/A4141605
2018-07-19$26.79$0.0086.0%24.7%13.0%0.0%0.0%-0.8%-25.2%8.9K-165.7K-7930.10187.16N/AN/A4141605
2018-07-20$26.77$0.0015.1%4.3%12.7%0.0%0.0%7.6%2.4%15.3K-115.0K-6860.10140.38N/AN/A4141605
2018-07-23$26.81$0.0092.4%26.5%12.4%0.0%0.0%0.5%-27.9%8.6K-169.0K-7820.10184.09N/AN/A4141605
2018-07-24$26.96$0.0015.8%4.5%9.9%0.0%0.0%1.1%-0.5%16.3K-118.9K-6870.10129.08N/AN/A4141605
2018-07-25$27.17$0.0094.8%27.2%9.8%0.0%0.0%9.7%-37.6%6.2K-219.1K-8600.10190.99N/AN/A4141605
2018-07-26$27.18$0.0014.9%4.3%8.9%0.0%0.0%2.2%0.4%16.9K-172.3K-8040.10150.34N/AN/A4141675
2018-07-27$27.08$0.00100.9%28.9%9.0%0.0%0.0%10.2%-31.7%10.9K-196.3K-8550.08181.31N/AN/A4941745
2018-07-30$27.03$0.00128.6%36.9%8.7%0.0%0.0%-3.3%-46.7%8.6K-219.6K-9010.08189.88N/AN/A4941895
2018-07-31$27.11$0.00127.6%0.0%6.7%0.0%0.0%36.2%0.0%14.0K-255.8K-9600.08200.00N/AN/A4941895