USMC Options History — September 2018

In September 2018, USMC traded between $27.78 and $28.49. ATM implied volatility averaged 38.8%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 31.9% (HV 20d: 6.9%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.09.

Notable Days

  • 2018-09-11: Highest Volume — 78 contracts
  • 2018-09-12: Largest IV spike — 978.2% change
  • 2018-09-27: Highest IV Rank — 41.5%
  • 2018-09-12: Largest Expected Move — 41.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.13$27.78$28.49$27.91$28.35
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV38.8%10.3%145.9%58.8%27.1%
Expected Move10.9%3.0%41.8%16.8%7.8%
HV 20d6.9%5.0%9.1%9.0%6.1%
HV 60d8.8%7.3%9.5%9.5%7.3%
IV Rank18.5%4.1%41.5%4.1%12.8%
IV Percentile28.2%4.0%57.7%4.0%23.7%
Term Structure-11.0%-117.4%44.4%44.4%-1.4%
VWIV14.4%10.9%17.9%17.9%10.9%
Skew 25d13.7%-25.4%63.3%56.3%8.8%
Skew 10d20.1%-35.9%156.1%47.2%50.2%
Call IV 25d31.0%7.6%150.5%17.5%20.8%
Put IV 25d44.7%10.0%179.8%73.8%29.6%
Bid-Ask Spread %154.73112.24194.38170.43170.49
Gamma HHI0.640.490.810.600.63
Net GEX37.8K9.9K65.1K45.2K11.5K
Net DEX-222.4K-345.8K-146.5K-217.0K-151.6K
Net VEX-510-653-378-617-378
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.050.110.090.08
Total Volume4426784826
Total OI180.8958322022083

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$27.91$26.0058.8%16.8%9.0%0.0%17.9%56.3%44.4%45.2K-217.0K-6170.09170.43N/AN/A4442155
2018-09-05$27.85$26.0010.7%3.1%9.1%0.0%10.9%2.7%2.9%53.0K-214.9K-6530.09127.22N/AN/A4442155
2018-09-06$27.78$0.0050.1%9.6%9.1%0.0%0.0%-25.4%-3.5%39.3K-197.5K-6420.09134.19N/AN/A4442155
2018-09-07$27.79$0.0010.9%4.1%9.1%0.0%0.0%3.8%-0.1%51.9K-208.3K-6370.09112.24N/AN/A4442155
2018-09-10$27.92$0.0013.3%4.3%8.0%0.0%0.0%4.9%-1.5%54.1K-235.5K-6170.09131.06N/AN/A4442155
2018-09-11$27.96$0.0013.5%3.0%8.0%0.0%0.0%18.4%8.4%59.4K-223.6K-5740.05155.16N/AN/A7442155
2018-09-12$27.96$0.00145.9%41.8%8.0%0.0%0.0%29.3%-117.4%52.6K-226.8K-4780.09193.06N/AN/A4542155
2018-09-13$28.08$0.0013.1%3.8%7.1%0.0%0.0%63.3%-0.0%52.4K-259.7K-6010.09138.68N/AN/A4542085
2018-09-14$28.07$0.0013.3%3.8%5.0%0.0%0.0%1.5%-1.0%29.4K-294.6K-6220.08120.09N/AN/A5042085
2018-09-17$28.00$0.0029.5%8.4%5.1%0.0%0.0%10.7%-14.6%65.1K-231.6K-4850.08163.89N/AN/A4842085
2018-09-18$28.15$0.0046.5%13.3%5.3%0.0%0.0%6.7%-7.6%47.7K-252.1K-5210.08145.55N/AN/A4842065
2018-09-19$28.16$0.0022.3%6.4%5.2%0.0%0.0%7.5%-13.7%54.9K-271.8K-4910.08151.43N/AN/A4842065
2018-09-20$28.49$0.0081.5%23.4%6.2%0.0%0.0%30.4%-51.8%47.1K-295.0K-4400.11176.78N/AN/A3642065
2018-09-21$28.47$0.0010.3%3.0%6.1%4.1%0.0%0.4%1.8%11.1K-345.8K-3890.11124.40N/AN/A3642055
2018-09-24$28.32$0.0070.9%20.3%6.5%35.6%0.0%15.1%-21.1%11.0K-150.3K-3940.08193.65N/AN/A242812
2018-09-25$28.37$0.0015.3%4.4%6.0%6.7%0.0%9.0%42.2%11.7K-151.6K-3780.08175.01N/AN/A242812
2018-09-26$28.38$0.0022.4%6.4%6.0%10.3%0.0%10.8%-16.4%11.4K-151.4K-3860.08162.14N/AN/A242812
2018-09-27$28.41$0.0082.4%23.6%6.0%41.5%0.0%6.2%-59.0%9.9K-146.5K-3920.08194.38N/AN/A242812
2018-09-28$28.35$0.0027.1%7.8%6.1%12.8%0.0%8.8%-1.4%11.5K-151.6K-3780.08170.49N/AN/A242812