USMC Options History — April 2020

In April 2020, USMC traded between $24.81 and $29.24. ATM implied volatility averaged 42.9%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded below realized volatility by 12.0% (HV 20d: 54.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2020-04-07: Largest IV spike — 44.4% change
  • 2020-04-01: Highest IV Rank — 34.1%
  • 2020-04-01: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.73$24.81$29.24$24.81$28.90
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV42.9%32.0%64.8%64.8%45.9%
Expected Move11.9%9.2%18.6%18.6%13.2%
HV 20d54.9%33.8%73.5%70.6%33.8%
HV 60d49.0%46.0%50.2%46.0%50.2%
IV Rank20.3%13.5%34.1%34.1%22.2%
IV Percentile41.9%23.4%64.3%64.3%48.0%
Term Structure-6.0%-24.5%0.3%-13.8%-8.5%
Skew 25d12.1%1.8%26.4%20.8%10.9%
Skew 10d14.3%4.5%27.3%27.0%9.2%
Call IV 25d29.3%22.0%39.3%39.3%36.0%
Put IV 25d41.4%30.4%60.2%60.2%46.9%
Bid-Ask Spread %131.11119.27144.70135.14144.70
Gamma HHI1.001.001.001.001.00
Net GEX7041874184
Net DEX241-1.5K1.9K1.4K-935
Net VEX-10-15-6-9-9
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI3.1432442

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$24.81$30.0064.8%18.6%70.6%34.1%0.0%20.8%-13.8%411.4K-90.00135.14N/AN/A0031
2020-04-02$25.45$0.0052.1%15.1%71.2%26.1%0.0%26.4%-3.6%491.1K-110.00119.27N/AN/A0031
2020-04-03$25.09$0.0053.7%13.4%71.2%27.1%0.0%11.2%-1.5%461.2K-110.00122.60N/AN/A0031
2020-04-06$26.75$0.0043.5%10.5%73.5%20.7%0.0%10.9%-0.4%561.8K-70.00127.35N/AN/A0031
2020-04-07$27.09$0.0062.9%14.3%72.8%32.9%0.0%1.8%-1.2%64656-130.00128.01N/AN/A0031
2020-04-08$27.40$0.0041.0%11.8%71.5%19.1%0.0%22.4%-3.9%68978-120.00128.39N/AN/A0031
2020-04-09$27.91$0.0042.3%12.1%65.3%19.9%0.0%3.4%-24.5%731.3K-90.00126.98N/AN/A0031
2020-04-13$27.66$0.0038.0%10.9%63.9%17.2%0.0%15.4%-6.3%721.1K-100.00129.70N/AN/A0031
2020-04-14$28.52$0.0040.0%11.5%60.1%18.5%0.0%11.9%-5.6%73-554-150.00143.05N/AN/A0031
2020-04-15$28.04$0.0036.8%10.5%60.3%16.5%0.0%16.2%-0.9%74994-130.00130.20N/AN/A0031
2020-04-16$28.23$0.0040.8%11.7%54.0%19.0%0.0%21.9%0.3%761.4K-100.00122.86N/AN/A0031
2020-04-17$28.73$0.0032.3%9.3%52.8%13.7%0.0%13.3%-1.5%801.9K-90.00129.84N/AN/A0031
2020-04-20$28.51$0.0033.6%9.6%48.6%14.5%0.0%9.3%-4.3%82-1.4K-120.00122.82N/AN/A0020
2020-04-21$27.62$0.0038.2%10.9%47.8%17.4%0.0%4.2%-4.9%62-517-60.00131.39N/AN/A0020
2020-04-22$28.24$0.0047.5%13.6%40.6%23.2%0.0%14.1%-7.4%62-568-60.00144.32N/AN/A0020
2020-04-23$28.19$0.0047.8%13.7%39.4%23.4%0.0%2.1%-8.3%72-1.0K-100.00137.10N/AN/A0020
2020-04-24$28.51$0.0032.0%9.2%39.1%13.5%0.0%8.4%-17.6%85-853-80.00123.11N/AN/A0020
2020-04-27$28.85$0.0039.0%11.2%39.0%17.9%0.0%11.2%-4.8%87-1.5K-120.00137.09N/AN/A0020
2020-04-28$28.61$0.0034.0%9.8%38.7%14.8%0.0%10.8%-4.9%83-944-90.00131.67N/AN/A0020
2020-04-29$29.24$0.0033.8%9.7%38.6%14.6%0.0%7.4%-2.7%85-481-60.00137.67N/AN/A0020
2020-04-30$28.90$0.0045.9%13.2%33.8%22.2%0.0%10.9%-8.5%84-935-90.00144.70N/AN/A0020