USMC Options History — December 2018

In December 2018, USMC traded between $23.78 and $27.78. ATM implied volatility averaged 64.5%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 43.5% (HV 20d: 21.1%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 4 of 20 days.

Notable Days

  • 2018-12-14: Largest IV spike — 362.1% change
  • 2018-12-31: Highest IV Rank — 58.0%
  • 2018-12-31: Largest Expected Move — 32.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.80$23.78$27.78$27.78$25.09
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV64.5%17.0%113.9%58.2%113.9%
Expected Move18.5%4.9%32.6%16.7%32.6%
HV 20d21.1%18.1%26.7%18.1%25.0%
HV 60d18.2%15.9%21.0%15.9%21.0%
IV Rank32.5%7.9%58.0%29.2%58.0%
IV Percentile45.7%12.5%79.5%41.5%79.5%
Term Structure-12.3%-57.0%49.6%49.2%-42.4%
Skew 25d2.8%-67.9%107.8%36.7%-0.5%
Skew 10d-4.8%-69.7%62.1%5.7%-0.5%
Call IV 25d72.1%13.1%143.7%74.0%143.7%
Put IV 25d74.9%16.8%143.1%110.6%143.1%
Bid-Ask Spread %185.48114.93200.00166.93197.62
Gamma HHI0.560.341.000.721.00
Net GEX5.8K019.4K19.4K0
Net DEX-43.0K-131.3K5.0K-131.3K0
Net VEX-68-1730-1600
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI62.25083830

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$27.78$26.0058.2%16.7%18.1%29.2%0.0%36.7%49.2%19.4K-131.3K-1600.00166.93N/AN/A00812
2018-12-04$26.98$26.0063.8%18.3%20.8%32.1%0.0%105.2%47.3%15.0K-77.0K-1390.00175.98N/AN/A00812
2018-12-05$26.98$26.0064.8%18.6%20.8%32.6%0.0%107.8%49.6%15.6K-73.8K-1230.00176.87N/AN/A00812
2018-12-06$26.68$0.0069.0%20.4%19.2%34.8%0.0%0.4%-27.6%9.3K-62.2K-1310.00172.45N/AN/A00812
2018-12-07$26.73$0.0065.4%19.9%19.2%33.0%0.0%3.8%-24.7%5.1K-99.0K-1730.00200.00N/AN/A00812
2018-12-10$26.43$0.0083.7%21.1%19.5%42.4%0.0%-0.1%-25.6%5.0K-92.0K-1480.00200.00N/AN/A00812
2018-12-11$26.47$0.0029.0%9.7%18.6%14.1%0.0%-46.5%-15.2%9.5K-68.6K-1230.00200.00N/AN/A00812
2018-12-12$26.61$0.0059.9%17.2%18.7%30.1%0.0%2.3%-28.7%5.0K-96.1K-1350.00200.00N/AN/A00812
2018-12-13$26.59$0.0017.0%4.9%18.7%7.9%0.0%2.9%-0.1%10.8K-43.0K-600.00114.93N/AN/A00812
2018-12-14$26.06$0.0078.5%22.5%19.8%39.8%0.0%-4.4%-29.9%8.0K-24.0K-400.00198.52N/AN/A00812
2018-12-17$25.47$0.0073.4%21.0%21.0%37.1%0.0%4.3%-57.0%5.5K-57.7K-760.00194.29N/AN/A00812
2018-12-18$25.57$0.0041.7%12.0%20.9%20.7%0.0%-67.9%-18.9%6.4K-48.5K-590.00200.00N/AN/A00812
2018-12-19$25.22$0.0087.9%25.2%20.4%44.6%0.0%-19.7%-35.4%1.6K3.7K-20.00191.01N/AN/A00812
2018-12-20$24.78$0.0090.3%25.9%20.9%45.8%0.0%-27.4%-38.6%15.0K00.00191.53N/AN/A00812
2018-12-21$24.42$0.0071.0%20.3%21.2%35.8%0.0%-41.6%-39.5%04.9K00.00195.59N/AN/A00812
2018-12-24$23.78$0.0049.9%14.3%22.2%24.9%0.0%10.3%14.7%0000.00168.62N/AN/A0000
2018-12-26$24.68$0.0036.1%10.4%26.7%17.8%0.0%15.9%-6.4%0000.00191.84N/AN/A0000
2018-12-27$24.74$0.0072.2%20.7%24.9%36.4%0.0%0.5%-10.6%0000.00180.34N/AN/A0000
2018-12-28$24.86$0.0065.0%18.6%24.7%32.7%0.0%-25.2%-5.6%0000.00193.15N/AN/A0000
2018-12-31$25.09$0.00113.9%32.6%25.0%58.0%0.0%-0.5%-42.4%0000.00197.62N/AN/A0000