USMC Options History — August 2018

In August 2018, USMC traded between $27.07 and $28.05. ATM implied volatility averaged 64.7%. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 57.0% (HV 20d: 7.7%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.09.

Notable Days

  • 2018-08-01: Highest Volume — 53 contracts
  • 2018-08-24: Largest IV spike — 367.9% change
  • 2018-08-10: Largest Expected Move — 40.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.55$27.07$28.05$27.14$27.92
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV64.7%9.6%153.5%111.5%9.6%
Expected Move11.6%2.8%40.6%32.0%2.8%
HV 20d7.7%4.8%9.2%6.7%9.2%
HV 60d10.2%9.4%10.8%10.4%9.5%
Term Structure-0.8%-121.7%107.8%-42.7%3.7%
VWIV16.9%8.9%32.8%15.3%10.4%
Skew 25d37.4%-0.5%134.4%13.5%3.4%
Skew 10d23.0%-95.1%168.5%13.5%4.9%
Call IV 25d32.2%9.3%140.5%126.6%10.9%
Put IV 25d69.6%11.5%177.5%140.1%14.2%
Bid-Ask Spread %164.90111.87200.00174.55132.31
Gamma HHI0.550.380.750.380.69
Net GEX30.5K10.2K58.7K10.2K52.3K
Net DEX-214.1K-268.6K-148.1K-224.6K-234.3K
Net VEX-807-959-665-910-714
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.080.090.080.09
Total Volume49.04347535348
Total OI213.087194220194220

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$27.14$0.00111.5%32.0%6.7%0.0%0.0%13.5%-42.7%10.2K-224.6K-9100.08174.55N/AN/A4941895
2018-08-02$27.17$0.00130.0%0.0%6.5%0.0%0.0%37.0%0.0%14.1K-259.1K-9420.08200.00N/AN/A4941895
2018-08-03$27.32$0.0035.2%10.1%5.9%0.0%0.0%1.4%-17.6%22.0K-165.2K-8100.08173.15N/AN/A4941895
2018-08-06$27.48$26.00133.4%9.3%6.0%0.0%15.3%17.8%-3.6%23.7K-148.1K-6650.08173.66N/AN/A4941895
2018-08-07$27.54$26.0071.5%3.3%5.7%0.0%10.2%4.2%12.1%30.1K-159.4K-6970.08111.87N/AN/A4941895
2018-08-08$27.52$26.00144.7%10.7%5.0%0.0%22.6%41.1%1.7%16.0K-214.3K-9220.09180.03N/AN/A4341965
2018-08-09$27.51$26.00153.5%6.6%4.8%0.0%21.0%33.2%-3.4%23.8K-163.7K-7470.09170.51N/AN/A4442055
2018-08-10$27.19$26.00141.7%40.6%6.7%0.0%32.8%134.4%-121.7%28.5K-150.0K-7710.09187.49N/AN/A4442155
2018-08-13$27.21$26.00110.3%15.3%6.7%0.0%21.6%13.0%-38.2%17.6K-232.8K-9450.09183.59N/AN/A4442155
2018-08-14$27.31$26.0027.2%5.4%6.6%0.0%12.6%51.1%-15.5%32.9K-212.9K-8650.09192.39N/AN/A4442155
2018-08-15$27.07$26.0076.9%22.0%7.5%0.0%22.6%14.1%-59.4%11.9K-255.7K-9590.09178.24N/AN/A4442155
2018-08-16$27.49$26.0070.6%20.2%9.1%0.0%22.3%11.8%-54.1%13.0K-268.6K-9350.09169.77N/AN/A4442155
2018-08-17$27.54$26.0040.8%11.7%9.1%0.0%23.3%67.2%1.7%19.1K-230.0K-9100.09167.30N/AN/A4442155
2018-08-20$27.61$26.0018.6%5.3%9.1%0.0%12.8%24.7%107.8%45.1K-208.0K-7430.09184.32N/AN/A4442155
2018-08-21$27.72$26.0010.3%3.0%9.0%0.0%11.2%3.6%46.7%39.2K-208.9K-7890.09127.34N/AN/A4442155
2018-08-22$27.61$26.0010.1%2.9%8.9%0.0%10.3%1.3%-0.2%44.8K-207.6K-7300.09179.42N/AN/A4442155
2018-08-23$27.57$26.009.7%2.8%8.9%0.0%17.7%130.8%4.5%45.9K-199.1K-7330.09167.83N/AN/A4442155
2018-08-24$27.70$26.0045.3%13.0%8.8%0.0%23.2%79.5%53.8%21.7K-232.0K-8320.09163.00N/AN/A4442155
2018-08-27$27.91$26.0012.9%3.7%9.1%0.0%12.8%-0.5%2.2%44.5K-237.2K-7750.09117.03N/AN/A4442155
2018-08-28$27.95$26.0049.1%14.1%9.0%0.0%12.2%80.1%52.9%44.6K-218.3K-7140.09169.16N/AN/A4442155
2018-08-29$28.03$26.0051.4%14.8%9.1%0.0%14.8%79.4%42.5%41.0K-234.1K-7450.09142.91N/AN/A4442155
2018-08-30$28.05$26.0022.8%6.5%9.1%0.0%8.9%17.2%8.5%58.7K-260.5K-7090.09146.81N/AN/A4442155
2018-08-31$27.92$26.009.6%2.8%9.2%0.0%10.4%3.4%3.7%52.3K-234.3K-7140.09132.31N/AN/A4442155