USMC Options History — May 2020

In May 2020, USMC traded between $28.24 and $29.81. ATM implied volatility averaged 37.1%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 12.8% (HV 20d: 24.3%). Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-05-08: Highest Volume — 1 contracts
  • 2020-05-11: Largest IV spike — 83.7% change
  • 2020-05-12: Highest IV Rank — 36.0%
  • 2020-05-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.05$28.24$29.81$28.33$29.81
ATM IV37.1%19.2%67.9%43.0%19.2%
Expected Move8.7%5.5%12.3%12.3%5.5%
HV 20d24.3%19.5%34.4%34.4%19.5%
HV 60d50.0%47.3%51.1%50.2%47.3%
IV Rank16.7%5.4%36.0%20.4%5.4%
IV Percentile32.5%15.9%69.8%44.0%15.9%
Term Structure8.8%-13.1%90.0%-13.1%5.3%
Skew 25d11.6%0.6%22.9%11.3%17.8%
Skew 10d11.9%3.7%29.3%5.4%20.4%
Call IV 25d24.0%14.6%35.2%35.2%17.7%
Put IV 25d35.6%20.8%48.0%46.5%35.5%
Bid-Ask Spread %129.08111.29143.61130.78131.10
Gamma HHI0.920.561.001.001.00
Net GEX133753498299
Net DEX-1.6K-2.8K-619-1.1K-1.7K
Net VEX-11-12-6-10-11
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10100
Total OI2.252322

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$28.33$0.0043.0%12.3%34.4%20.4%0.0%11.3%-13.1%82-1.1K-100.00130.78N/AN/A0020
2020-05-04$28.42$0.0056.2%10.4%33.6%28.7%0.0%4.8%-4.1%77-1.6K-110.00138.47N/AN/A0020
2020-05-05$28.68$0.0041.2%8.6%25.9%19.2%0.0%22.1%-12.7%94-1.3K-100.00124.77N/AN/A0020
2020-05-06$28.57$0.0035.7%8.4%25.8%15.8%0.0%10.2%21.4%75-1.7K-120.00111.29N/AN/A0020
2020-05-07$28.69$0.0056.4%9.8%25.6%28.8%0.0%11.7%-0.1%87-1.4K-110.00138.76N/AN/A0020
2020-05-08$29.10$0.0029.4%6.4%25.2%11.9%0.0%8.9%18.8%110-1.5K-110.00116.02N/AN/A1020
2020-05-11$29.30$0.0054.1%7.3%25.0%27.4%0.0%7.0%1.2%349-2.8K-100.00131.27N/AN/A1030
2020-05-12$28.83$0.0067.9%8.0%23.5%36.0%0.0%13.6%1.8%268-2.5K-110.00134.44N/AN/A0030
2020-05-13$28.24$0.0030.3%8.7%23.9%12.4%0.0%18.4%13.4%266-2.1K-110.00124.44N/AN/A0030
2020-05-14$28.60$0.0034.6%9.9%24.2%15.1%0.0%22.9%-2.3%286-2.3K-100.00123.61N/AN/A0030
2020-05-15$28.71$0.0026.0%7.4%23.4%9.7%0.0%15.6%90.0%101-1.8K-120.00115.76N/AN/A0030
2020-05-18$29.56$0.0021.9%6.3%25.4%7.1%0.0%10.8%22.2%93-1.7K-120.00130.42N/AN/A0020
2020-05-19$29.22$0.0028.4%8.1%22.8%11.2%0.0%0.6%-0.6%92-1.5K-110.00124.10N/AN/A0020
2020-05-20$29.52$0.0035.5%10.2%21.8%15.7%0.0%10.4%-0.8%105-997-90.00143.61N/AN/A0020
2020-05-21$29.27$0.0030.1%8.6%22.1%12.3%0.0%7.5%2.1%95-1.4K-110.00132.95N/AN/A0020
2020-05-22$29.27$0.0031.4%9.0%21.8%13.1%0.0%17.8%6.1%91-619-60.00119.03N/AN/A0020
2020-05-26$29.44$0.0031.6%9.1%21.5%13.3%0.0%3.6%9.9%103-1.2K-100.00130.14N/AN/A0020
2020-05-27$29.57$0.0035.1%10.1%21.3%15.4%0.0%10.9%8.4%89-1.8K-120.00140.55N/AN/A0020
2020-05-28$29.78$0.0034.1%9.8%20.0%14.8%0.0%6.5%9.3%94-1.8K-120.00140.11N/AN/A0020
2020-05-29$29.81$0.0019.2%5.5%19.5%5.4%0.0%17.8%5.3%99-1.7K-110.00131.10N/AN/A0020