USMC Options History — November 2018

In November 2018, USMC traded between $26.19 and $27.68. ATM implied volatility averaged 74.0%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 54.6% (HV 20d: 19.3%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.08.

Notable Days

  • 2018-11-01: Highest Volume — 26 contracts
  • 2018-11-14: Largest IV spike — 1190.1% change
  • 2018-11-09: Highest IV Rank — 83.8%
  • 2018-11-02: Largest Expected Move — 35.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.99$26.19$27.68$26.88$27.47
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV74.0%1.8%163.7%118.5%64.0%
Expected Move17.0%8.3%35.0%34.0%18.4%
HV 20d19.3%17.9%20.6%19.5%17.9%
HV 60d14.1%13.0%15.7%13.0%15.7%
IV Rank37.3%0.0%83.8%60.3%32.2%
IV Percentile50.3%0.0%96.9%82.6%45.7%
Term Structure3.7%-89.3%62.4%-84.0%25.3%
VWIV37.9%25.5%75.8%26.8%43.0%
Skew 25d21.5%-42.3%88.9%1.3%-24.3%
Skew 10d-6.9%-32.9%37.6%1.2%-19.6%
Call IV 25d65.9%21.9%146.2%141.6%126.0%
Put IV 25d87.5%25.6%149.8%142.8%101.7%
Bid-Ask Spread %165.00127.53183.21173.37155.86
Gamma HHI0.440.380.530.460.45
Net GEX8.6K3.5K13.6K5.9K8.0K
Net DEX-78.6K-113.5K-39.9K-79.4K-95.3K
Net VEX-209-286-130-273-180
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.080.080.080.080.08
Total Volume2626262626
Total OI8383838383

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$26.88$0.00118.5%34.0%19.5%60.3%0.0%1.3%-84.0%5.9K-79.4K-2730.08173.37N/AN/A242812
2018-11-02$26.72$0.00121.9%35.0%19.6%62.1%0.0%3.6%-89.3%7.8K-65.9K-2400.08174.15N/AN/A242812
2018-11-05$27.02$26.0077.1%22.1%20.1%38.8%26.8%88.9%62.4%12.4K-89.5K-2750.08173.15N/AN/A242812
2018-11-06$27.04$26.00144.1%12.8%20.1%73.6%37.5%-15.5%7.3%6.0K-84.2K-2650.08169.72N/AN/A242812
2018-11-07$27.68$26.00119.5%8.3%20.1%60.8%25.5%-42.3%20.7%11.4K-108.2K-2670.08162.40N/AN/A242812
2018-11-08$27.62$26.00153.2%11.4%18.6%78.4%39.3%-16.3%15.2%7.4K-99.7K-2620.08161.99N/AN/A242812
2018-11-09$27.64$26.00163.7%11.4%18.6%83.8%36.4%-18.5%11.1%7.8K-100.2K-2560.08153.02N/AN/A242812
2018-11-12$27.14$26.001.8%13.7%19.8%0.0%39.6%-18.7%6.0%6.3K-86.4K-2460.08161.01N/AN/A242812
2018-11-13$27.00$26.002.4%21.8%19.4%0.3%75.8%12.6%-27.8%3.5K-113.5K-2860.08174.05N/AN/A242812
2018-11-14$26.99$26.0031.4%9.0%19.4%15.3%29.6%26.8%-13.0%8.1K-79.7K-2370.08127.53N/AN/A242812
2018-11-15$27.09$26.0048.3%13.9%19.0%24.1%39.2%-10.0%8.4%6.8K-83.1K-2300.08165.80N/AN/A242812
2018-11-16$27.19$26.0050.1%14.4%19.0%25.0%38.0%-0.5%5.0%12.0K-81.9K-1920.08158.30N/AN/A242812
2018-11-19$26.85$26.0048.4%13.9%19.5%24.1%33.8%45.9%29.2%12.0K-64.1K-1590.08164.03N/AN/A242812
2018-11-20$26.34$26.0056.3%16.1%20.6%28.2%38.6%43.4%-14.6%7.4K-48.2K-1590.08160.16N/AN/A242812
2018-11-21$26.44$26.0055.6%15.9%19.7%27.8%32.8%52.6%24.0%8.8K-46.9K-1500.08183.21N/AN/A242812
2018-11-23$26.19$26.0056.7%16.3%19.8%28.4%34.2%54.9%32.2%7.5K-39.9K-1400.08178.92N/AN/A242812
2018-11-26$26.41$26.0061.4%17.6%18.6%30.9%38.5%67.0%18.4%6.0K-61.7K-1720.08180.10N/AN/A242812
2018-11-27$26.51$26.0061.6%17.7%18.4%31.0%40.6%76.9%-18.5%8.7K-51.1K-1390.08151.69N/AN/A242812
2018-11-28$27.14$26.0057.1%16.4%20.0%28.7%36.4%59.5%27.4%13.6K-79.4K-1320.08166.07N/AN/A242812
2018-11-29$27.35$26.0059.9%17.2%17.9%30.1%34.2%64.9%31.7%13.4K-92.9K-1300.08170.55N/AN/A242812
2018-11-30$27.47$26.0064.0%18.4%17.9%32.2%43.0%-24.3%25.3%8.0K-95.3K-1800.08155.86N/AN/A242812