USMC Options History — November 2020

In November 2020, USMC traded between $31.59 and $34.43. ATM implied volatility averaged 38.0%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 16.2% (HV 20d: 21.8%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days.

Notable Days

  • 2020-11-16: Largest IV spike — 101.1% change
  • 2020-11-10: Highest IV Rank — 24.3%
  • 2020-11-03: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.72$31.59$34.43$31.59$34.43
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV38.0%17.5%56.4%44.5%35.8%
Expected Move10.0%5.0%15.4%12.7%10.3%
HV 20d21.8%15.0%23.9%21.2%15.0%
HV 60d20.8%19.3%21.3%19.9%19.3%
IV Rank14.3%3.2%24.3%17.8%13.1%
IV Percentile42.9%4.4%77.4%60.7%39.7%
Term Structure-3.8%-13.1%16.4%-12.6%-11.2%
Skew 25d4.6%-11.6%13.1%10.1%6.6%
Skew 10d6.7%1.2%19.2%10.6%1.3%
Call IV 25d28.8%14.1%43.8%43.8%31.8%
Put IV 25d33.4%18.2%53.9%53.9%38.3%
Bid-Ask Spread %154.45130.45175.04168.25141.78
Gamma HHI1.001.001.001.001.00
Net GEX-105-2450-1450
Net DEX93502.2K2.2K0
Net VEX-1-30-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.750110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$31.59$33.0044.5%12.7%21.2%17.8%0.0%10.1%-12.6%-1452.2K-20.00168.25N/AN/A0001
2020-11-03$32.29$33.0053.8%15.4%22.5%22.9%0.0%12.9%-13.1%-1121.8K-30.00175.04N/AN/A0001
2020-11-04$32.92$33.0050.0%14.3%22.8%20.8%0.0%7.0%-12.4%-1261.6K-30.00173.43N/AN/A0001
2020-11-05$33.34$0.0050.7%10.9%23.2%21.2%0.0%8.9%-9.0%-1291.5K-30.00161.50N/AN/A0001
2020-11-06$33.54$0.0047.7%10.0%23.1%19.6%0.0%9.0%-6.6%-1301.4K-30.00161.96N/AN/A0001
2020-11-09$33.97$0.0054.2%10.4%22.8%23.1%0.0%4.4%-9.2%-1361.2K-20.00160.44N/AN/A0001
2020-11-10$33.68$0.0056.4%10.5%23.0%24.3%0.0%-4.8%-5.5%-1621.3K-20.00144.86N/AN/A0001
2020-11-11$33.93$0.0039.3%11.3%22.8%15.0%0.0%7.8%-7.9%-1431.2K-20.00140.33N/AN/A0001
2020-11-12$33.54$0.0029.4%8.4%23.1%9.7%0.0%-11.6%4.9%-1421.4K-20.00162.16N/AN/A0001
2020-11-13$34.11$0.0018.9%5.4%23.9%3.9%0.0%7.7%0.9%-245578-10.00130.45N/AN/A0001
2020-11-16$34.15$0.0038.0%10.9%22.7%14.3%0.0%5.2%-10.5%-1461.1K-10.00161.49N/AN/A0001
2020-11-17$34.22$0.0038.5%11.0%22.6%14.6%0.0%-6.1%-8.3%-1471.1K-10.00160.75N/AN/A0001
2020-11-18$33.95$0.0039.3%11.3%22.8%15.0%0.0%5.8%-7.0%-1671.1K-10.00150.12N/AN/A0001
2020-11-19$33.92$0.0038.0%10.9%22.7%14.3%0.0%5.7%-5.3%-1631.2K-10.00162.25N/AN/A0001
2020-11-20$33.82$0.0019.0%5.4%22.8%4.0%0.0%4.3%6.8%0000.00141.73N/AN/A0001
2020-11-23$33.89$0.0029.8%8.5%21.4%9.9%0.0%7.1%13.7%0000.00156.57N/AN/A0000
2020-11-24$34.38$0.0017.5%5.0%21.8%3.2%0.0%-6.3%-1.9%0000.00134.95N/AN/A0000
2020-11-25$34.40$0.0029.1%8.4%17.9%9.5%0.0%5.9%0.8%0000.00157.93N/AN/A0000
2020-11-27$34.43$0.0029.6%8.5%17.9%9.7%0.0%13.1%16.4%0000.00142.97N/AN/A0000
2020-11-30$34.43$0.0035.8%10.3%15.0%13.1%0.0%6.6%-11.2%0000.00141.78N/AN/A0000