USMC Options History — August 2020

In August 2020, USMC traded between $31.83 and $34.13. ATM implied volatility averaged 30.6%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 19.8% (HV 20d: 10.8%). Max pain ranged from $32.00 to $32.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days.

Notable Days

  • 2020-08-06: Largest IV spike — 135.4% change
  • 2020-08-06: Highest IV Rank — 20.5%
  • 2020-08-24: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.70$31.83$34.13$31.83$34.13
Max Pain$32.00$32.00$32.00$32.00$32.00
ATM IV30.6%17.3%49.4%21.4%34.2%
Expected Move8.6%5.0%11.7%6.1%9.8%
HV 20d10.8%9.7%11.8%10.6%10.4%
HV 60d17.0%16.2%18.6%18.6%16.2%
IV Rank10.3%3.1%20.5%5.5%12.2%
IV Percentile26.0%7.5%57.9%11.5%30.2%
Term Structure-1.5%-15.2%14.8%14.8%5.4%
Skew 25d5.1%-8.4%15.5%7.4%-8.4%
Skew 10d6.3%-5.5%15.8%6.6%-4.2%
Call IV 25d24.1%11.8%51.3%16.6%51.3%
Put IV 25d29.2%18.3%43.0%24.0%43.0%
Bid-Ask Spread %143.38121.25176.45149.11133.46
Gamma HHI0.400.370.460.380.43
Net GEX6403951.0K486948
Net DEX-4.7K-7.3K-2.6K-3.5K-7.3K
Net VEX-12-15-8-14-8
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI44444

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$31.83$0.0021.4%6.1%10.6%5.5%0.0%7.4%14.8%486-3.5K-140.00149.11N/AN/A0040
2020-08-04$31.89$0.0036.4%10.4%10.5%13.6%0.0%3.4%-14.4%549-2.6K-110.00176.45N/AN/A0040
2020-08-05$32.10$0.0021.0%6.0%10.6%5.3%0.0%3.9%-0.7%522-3.7K-140.00159.07N/AN/A0040
2020-08-06$32.37$32.0049.4%10.2%10.8%20.5%0.0%15.5%-4.7%611-3.8K-130.00147.26N/AN/A0040
2020-08-07$32.31$32.0019.2%5.4%10.4%4.1%0.0%-0.5%1.0%546-4.4K-150.00131.36N/AN/A0040
2020-08-10$32.21$32.0022.4%5.3%10.3%5.8%0.0%8.7%0.7%590-3.5K-120.00126.94N/AN/A0040
2020-08-11$31.97$32.0024.4%8.9%10.7%6.9%0.0%4.8%1.2%442-4.5K-140.00121.25N/AN/A0040
2020-08-12$32.44$32.0038.2%10.9%11.6%14.4%0.0%12.3%-4.0%613-3.9K-120.00142.93N/AN/A0040
2020-08-13$32.30$32.0038.2%10.9%11.7%14.4%0.0%12.4%-7.3%613-3.3K-110.00147.47N/AN/A0040
2020-08-14$32.20$32.0038.5%11.0%11.8%14.6%0.0%7.6%-6.8%395-4.8K-140.00148.34N/AN/A0040
2020-08-17$32.47$32.0020.5%5.9%11.6%4.8%0.0%2.7%-0.3%636-3.7K-110.00143.38N/AN/A0040
2020-08-18$32.62$32.0037.0%10.6%11.7%13.8%0.0%8.9%-15.2%579-4.6K-130.00137.21N/AN/A0040
2020-08-19$32.53$32.0034.6%9.9%11.7%12.5%0.0%12.7%-1.4%502-4.8K-130.00144.25N/AN/A0040
2020-08-20$32.69$32.0037.8%10.8%10.6%14.2%0.0%6.4%-6.8%432-5.1K-130.00140.18N/AN/A0040
2020-08-21$32.74$32.0018.9%5.4%10.0%3.9%0.0%8.7%-0.7%682-4.3K-110.00145.22N/AN/A0040
2020-08-24$32.92$32.0041.0%11.7%9.8%15.9%0.0%7.4%-8.7%475-5.6K-130.00148.09N/AN/A0040
2020-08-25$33.12$32.0017.3%5.0%9.7%3.1%0.0%3.7%-0.7%877-4.5K-100.00142.53N/AN/A0040
2020-08-26$33.78$32.0029.6%8.5%11.4%9.7%0.0%0.2%6.6%1.0K-6.2K-90.00141.80N/AN/A0040
2020-08-27$33.97$32.0031.1%8.9%10.8%10.6%0.0%-6.3%5.2%985-6.7K-90.00142.11N/AN/A0040
2020-08-28$34.12$32.0032.5%9.3%10.8%11.3%0.0%-4.0%5.8%948-7.3K-100.00142.55N/AN/A0040
2020-08-31$34.13$32.0034.2%9.8%10.4%12.2%0.0%-8.4%5.4%948-7.3K-80.00133.46N/AN/A0040