USMC Options History — November 2021

In November 2021, USMC traded between $42.29 and $43.43. ATM implied volatility averaged 19.0%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 11.7% (HV 20d: 7.2%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.47.

Notable Days

2021-11-15: Highest Volume — 17 contracts
2021-11-10: Largest IV drop — 42.5% change
2021-11-30: Highest IV Rank — 22.1%
2021-11-30: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.10	$42.29	$43.43	$42.70	$42.29
Max Pain	$40.86	$40.00	$41.00	$40.00	$41.00
ATM IV	19.0%	14.1%	26.5%	17.3%	26.5%
Expected Move	5.2%	4.1%	7.6%	5.0%	7.6%
HV 20d	7.2%	5.9%	10.6%	8.9%	10.6%
HV 60d	10.4%	10.3%	11.3%	10.3%	11.3%
IV Rank	12.2%	5.8%	22.1%	10.1%	22.1%
IV Percentile	36.7%	6.0%	77.0%	25.0%	77.0%
Term Structure	-1.5%	-5.9%	2.6%	-3.7%	-5.9%
VWIV	27.1%	22.2%	34.2%	29.9%	31.1%
Skew 25d	3.3%	1.2%	5.9%	3.7%	5.9%
Skew 10d	4.0%	1.6%	8.7%	3.7%	6.3%
Call IV 25d	15.7%	13.3%	21.1%	15.6%	20.2%
Put IV 25d	19.0%	15.2%	26.9%	19.3%	26.2%
Bid-Ask Spread %	144.71	139.44	151.52	148.84	139.44
Gamma HHI	0.55	0.41	0.67	0.60	0.61
Net GEX	397	200	611	611	252
Net DEX	-8.1K	-12.8K	694	-10.3K	694
Net VEX	-102	-114	-89	-98	-107
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.36	0.60	0.36	0.60
Total Volume	15.762	15	17	15	16
Total OI	11.667	11	13	11	12

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-11-01	$42.70	$40.00	17.3%	5.0%	8.9%	10.1%	29.9%	3.7%	-3.7%	611	-10.3K	-98	0.36	148.84	N/A	N/A	11	4	7	4
2021-11-02	$43.00	$40.00	19.9%	5.7%	8.5%	13.5%	32.1%	5.2%	-3.2%	582	-11.2K	-97	0.36	151.52	N/A	N/A	11	4	7	4
2021-11-03	$42.98	$40.00	18.4%	5.3%	8.5%	11.5%	33.3%	3.8%	-3.5%	576	-11.3K	-96	0.36	149.33	N/A	N/A	11	4	7	4
2021-11-04	$43.28	$41.00	18.2%	4.4%	8.0%	11.2%	22.4%	1.8%	-2.3%	550	-12.6K	-94	0.36	142.77	N/A	N/A	11	4	7	4
2021-11-05	$43.33	$41.00	21.4%	4.8%	8.0%	15.4%	22.4%	3.1%	-2.1%	545	-12.8K	-94	0.36	142.09	N/A	N/A	11	4	7	4
2021-11-08	$43.37	$41.00	20.7%	4.1%	7.2%	14.6%	24.0%	2.0%	2.6%	496	-12.1K	-90	0.36	141.70	N/A	N/A	11	4	7	4
2021-11-09	$43.08	$41.00	24.6%	5.2%	7.1%	19.7%	23.2%	3.7%	-2.1%	509	-10.6K	-92	0.36	142.42	N/A	N/A	11	4	7	4
2021-11-10	$42.98	$41.00	14.1%	4.1%	7.4%	5.8%	24.2%	2.2%	1.9%	547	-11.0K	-92	0.36	140.32	N/A	N/A	11	4	7	4
2021-11-11	$43.05	$41.00	14.6%	4.2%	6.2%	6.4%	24.0%	2.2%	2.2%	526	-10.7K	-90	0.36	144.29	N/A	N/A	11	4	7	4
2021-11-12	$43.23	$41.00	14.3%	4.1%	5.9%	6.0%	22.2%	3.1%	1.7%	542	-12.6K	-90	0.36	142.94	N/A	N/A	11	4	7	4
2021-11-15	$43.14	$41.00	18.1%	5.2%	6.1%	11.1%	23.8%	2.9%	-1.6%	521	-11.2K	-89	0.55	143.61	N/A	N/A	11	6	7	4
2021-11-16	$43.43	$41.00	15.6%	4.5%	5.9%	7.8%	24.3%	3.8%	2.5%	219	-7.9K	-112	0.55	144.92	N/A	N/A	11	6	7	6
2021-11-17	$43.32	$41.00	15.4%	4.4%	5.9%	7.5%	25.5%	2.6%	2.1%	240	-7.5K	-113	0.55	144.37	N/A	N/A	11	6	7	6
2021-11-18	$43.25	$41.00	15.9%	4.6%	6.0%	8.2%	25.3%	2.9%	0.4%	312	-8.5K	-114	0.55	143.12	N/A	N/A	11	6	7	6
2021-11-19	$43.15	$41.00	15.2%	4.4%	6.1%	7.2%	25.3%	1.2%	-1.4%	247	-6.9K	-112	0.55	143.31	N/A	N/A	11	6	7	6
2021-11-22	$43.38	$41.00	15.7%	4.5%	6.2%	7.9%	27.5%	1.9%	-1.4%	229	-3.9K	-111	0.60	144.56	N/A	N/A	10	6	6	6
2021-11-23	$43.13	$41.00	20.4%	5.8%	6.5%	14.1%	27.6%	3.4%	-4.6%	206	-2.7K	-111	0.60	144.69	N/A	N/A	10	6	6	6
2021-11-24	$43.22	$41.00	23.1%	6.6%	6.4%	17.7%	33.7%	4.7%	-1.8%	222	-3.5K	-112	0.60	148.93	N/A	N/A	10	6	6	6
2021-11-26	$42.71	$41.00	26.0%	7.5%	7.8%	21.5%	34.2%	5.8%	-5.9%	200	-1.6K	-111	0.60	149.65	N/A	N/A	10	6	6	6
2021-11-29	$43.07	$41.00	22.6%	6.5%	8.2%	17.0%	32.4%	3.0%	-5.8%	202	-2.5K	-108	0.60	146.19	N/A	N/A	10	6	6	6
2021-11-30	$42.29	$41.00	26.5%	7.6%	10.6%	22.1%	31.1%	5.9%	-5.9%	252	694	-107	0.60	139.44	N/A	N/A	10	6	6	6