USMC Options History — February 2020

In February 2020, USMC traded between $28.10 and $32.80. ATM implied volatility averaged 39.8%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 26.0% (HV 20d: 13.9%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-02-05: Highest Volume — 1 contracts
  • 2020-02-06: Largest IV spike — 93.0% change
  • 2020-02-28: Highest IV Rank — 35.7%
  • 2020-02-28: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.83$28.10$32.80$31.67$28.10
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV39.8%16.2%67.4%44.3%67.4%
Expected Move10.5%4.6%19.3%12.7%19.3%
HV 20d13.9%10.5%25.7%10.5%25.7%
HV 60d10.0%8.1%16.9%8.1%16.9%
IV Rank18.4%3.5%35.7%21.2%35.7%
IV Percentile47.3%26.6%69.4%54.0%69.4%
Term Structure-6.5%-22.2%52.8%-9.5%-22.2%
Skew 25d7.3%-7.7%28.2%17.3%28.2%
Skew 10d7.8%-3.4%22.9%22.9%15.9%
Call IV 25d25.3%11.8%41.1%17.8%41.1%
Put IV 25d32.6%16.1%69.2%35.1%69.2%
Bid-Ask Spread %165.6497.98200.00195.64200.00
Gamma HHI0.810.690.910.870.83
Net GEX1.7K7562.6K1.5K756
Net DEX-24.7K-31.8K-10.6K-20.4K-10.6K
Net VEX-51-62-39-55-39
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0530100
Total OI12.84212131213

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$31.67$0.0044.3%12.7%10.5%21.2%0.0%17.3%-9.5%1.5K-20.4K-550.00195.64N/AN/A00120
2020-02-04$32.16$0.0030.3%8.7%11.7%12.4%0.0%-7.7%-8.3%2.2K-24.3K-510.00179.82N/AN/A00120
2020-02-05$32.44$0.0016.2%4.6%12.0%3.5%0.0%4.3%19.9%1.7K-28.1K-480.00133.50N/AN/A10120
2020-02-06$32.57$31.0031.2%4.6%11.8%13.0%0.0%1.9%0.9%1.8K-31.8K-520.0097.98N/AN/A00130
2020-02-07$32.45$31.0050.0%9.6%11.9%24.8%0.0%5.0%-13.4%1.6K-26.4K-620.00166.24N/AN/A00130
2020-02-10$32.57$31.0050.0%9.2%11.8%24.8%0.0%4.7%-14.2%2.5K-28.3K-520.00167.52N/AN/A00130
2020-02-11$32.60$31.0033.2%6.8%11.8%14.2%0.0%0.8%-6.1%2.0K-31.7K-510.00159.36N/AN/A00130
2020-02-12$32.74$31.0032.1%9.2%11.8%13.5%0.0%5.4%-13.3%2.1K-29.1K-540.00167.46N/AN/A00130
2020-02-13$32.69$31.0031.5%9.0%11.8%13.2%0.0%3.9%-13.1%2.4K-29.9K-510.00166.09N/AN/A00130
2020-02-14$32.72$31.0032.2%9.2%11.6%13.6%0.0%15.2%-14.5%2.6K-30.4K-470.00162.00N/AN/A00130
2020-02-18$32.64$31.0034.6%9.9%11.6%15.1%0.0%7.2%-13.8%1.8K-28.1K-540.00167.60N/AN/A00130
2020-02-19$32.80$31.0034.3%9.8%11.7%14.9%0.0%5.6%-8.4%1.6K-30.1K-510.00160.16N/AN/A00130
2020-02-20$32.62$31.0035.2%10.1%11.9%15.5%0.0%13.6%-11.3%1.4K-27.6K-540.00167.06N/AN/A00130
2020-02-21$32.34$31.0039.1%11.2%12.3%17.9%0.0%7.8%-14.1%1.2K-26.3K-550.00164.92N/AN/A00130
2020-02-24$31.42$31.0052.9%15.2%15.8%26.6%0.0%8.0%52.8%1.2K-21.4K-520.00175.66N/AN/A00130
2020-02-25$30.51$31.0040.2%11.5%18.5%18.6%0.0%-0.1%-4.4%1.6K-14.9K-480.00170.05N/AN/A00130
2020-02-26$30.44$31.0046.7%13.4%18.0%22.7%0.0%4.3%-13.5%1.6K-15.9K-440.00170.56N/AN/A00130
2020-02-27$29.34$31.0055.7%16.0%21.8%28.3%0.0%12.6%-17.0%1.0K-13.5K-450.00175.47N/AN/A00130
2020-02-28$28.10$31.0067.4%19.3%25.7%35.7%0.0%28.2%-22.2%756-10.6K-390.00200.00N/AN/A00130