USMC Options History — December 2021

In December 2021, USMC traded between $41.82 and $44.61. ATM implied volatility averaged 21.8%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 7.5% (HV 20d: 14.2%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.48.

Notable Days

2021-12-23: Highest Volume — 114 contracts
2021-12-15: Largest IV drop — 55.7% change
2021-12-14: Highest IV Rank — 36.7%
2021-12-03: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.52	$41.82	$44.61	$42.54	$44.48
Max Pain	$40.20	$40.00	$41.00	$41.00	$40.00
ATM IV	21.8%	15.8%	37.5%	24.9%	17.3%
Expected Move	5.2%	4.1%	8.4%	7.1%	4.9%
HV 20d	14.2%	10.5%	16.9%	10.5%	14.2%
HV 60d	12.0%	11.4%	12.5%	11.4%	11.4%
IV Rank	15.9%	8.1%	36.7%	20.1%	9.9%
IV Percentile	50.7%	17.1%	91.3%	74.2%	29.4%
Term Structure	-0.9%	-8.7%	3.5%	-4.1%	-2.0%
VWIV	25.3%	19.9%	34.7%	27.4%	27.1%
Skew 25d	4.9%	0.9%	9.3%	9.3%	5.5%
Skew 10d	5.9%	1.7%	11.3%	6.2%	2.7%
Call IV 25d	15.4%	13.1%	25.1%	18.9%	14.1%
Put IV 25d	20.4%	16.2%	30.6%	28.2%	19.7%
Bid-Ask Spread %	147.95	136.15	159.08	136.15	150.78
Gamma HHI	0.52	0.21	0.91	0.63	0.91
Net GEX	5.8K	21	27.4K	256	23.2K
Net DEX	-71.5K	-289.7K	2.2K	698	-280.3K
Net VEX	-314	-987	-99	-106	-964
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.06	1.00	0.60	0.06
Total Volume	42.909	12	114	16	114
Total OI	38.682	12	121	12	121

Daily Data (22 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
2021-12-01	$42.54	$41.00	24.9%	7.1%	10.5%	20.1%	27.4%	9.3%	-4.1%	256	698	-106	0.60	136.15	N/A	N/A	10	6	6	6
2021-12-02	$42.37	$41.00	28.1%	8.1%	10.5%	24.4%	30.8%	8.4%	-8.7%	280	244	-107	0.60	139.05	N/A	N/A	10	6	6	6
2021-12-03	$41.82	$41.00	29.3%	8.4%	11.0%	25.9%	34.7%	5.5%	-7.1%	233	2.2K	-104	0.60	143.78	N/A	N/A	10	6	6	6
2021-12-06	$42.55	$0.00	24.1%	4.8%	12.9%	19.0%	0.0%	5.1%	2.7%	326	-867	-105	0.60	145.09	N/A	N/A	10	6	6	6
2021-12-07	$43.05	$0.00	21.9%	4.7%	13.6%	16.1%	0.0%	3.0%	0.9%	282	-3.4K	-104	0.60	155.05	N/A	N/A	10	6	6	6
2021-12-08	$43.14	$0.00	23.1%	4.6%	13.4%	17.6%	0.0%	2.1%	2.0%	219	-3.1K	-103	0.60	151.95	N/A	N/A	10	6	6	6
2021-12-09	$43.10	$0.00	24.0%	4.4%	13.4%	18.8%	0.0%	3.8%	3.5%	235	-2.8K	-102	0.60	154.37	N/A	N/A	10	6	6	6
2021-12-10	$43.54	$0.00	26.3%	4.7%	13.9%	21.9%	0.0%	5.1%	-1.2%	247	-6.2K	-101	0.60	155.74	N/A	N/A	10	6	6	6
2021-12-13	$43.60	$0.00	31.4%	4.2%	13.8%	28.7%	0.0%	3.9%	-0.5%	21	-5.5K	-99	0.60	150.71	N/A	N/A	10	6	6	6
2021-12-14	$43.19	$0.00	37.5%	4.1%	14.2%	36.7%	20.4%	0.9%	3.5%	193	-3.7K	-100	0.46	144.93	N/A	N/A	13	6	6	6
2021-12-15	$43.62	$40.00	16.6%	4.8%	14.5%	9.1%	21.3%	5.7%	1.6%	401	-16.2K	-111	0.55	140.86	N/A	N/A	11	6	9	6
2021-12-16	$44.03	$40.00	18.3%	5.3%	14.8%	11.4%	21.6%	4.7%	-0.7%	417	-18.3K	-107	0.38	143.97	N/A	N/A	16	6	9	6
2021-12-17	$43.52	$40.00	17.9%	5.1%	15.4%	10.8%	23.2%	5.4%	-1.1%	1.1K	-25.7K	-171	0.38	146.06	N/A	N/A	16	6	14	6
2021-12-20	$42.98	$40.00	18.6%	5.3%	16.1%	11.7%	22.3%	8.5%	-1.5%	1.1K	-18.0K	-168	1.00	143.12	N/A	N/A	6	6	13	6
2021-12-21	$43.46	$40.00	17.3%	5.0%	16.5%	10.1%	19.9%	5.9%	-0.9%	1.1K	-20.6K	-167	1.00	141.82	N/A	N/A	6	6	13	6
2021-12-22	$43.81	$40.00	15.8%	4.5%	16.5%	8.1%	22.1%	4.7%	-0.4%	1.1K	-24.6K	-163	1.00	144.75	N/A	N/A	6	6	13	6
2021-12-23	$44.27	$40.00	18.3%	5.3%	16.9%	11.4%	24.6%	4.7%	-1.7%	887	-28.5K	-155	0.06	154.12	N/A	N/A	108	6	13	6
2021-12-27	$44.60	$40.00	17.2%	4.9%	16.3%	9.8%	28.6%	4.1%	0.0%	23.7K	-289.7K	-987	0.06	159.08	N/A	N/A	108	6	115	6
2021-12-28	$44.61	$40.00	18.4%	5.3%	16.1%	11.4%	26.6%	4.2%	-2.4%	20.6K	-281.3K	-979	0.06	150.58	N/A	N/A	108	6	115	6
2021-12-29	$44.60	$40.00	16.2%	4.6%	14.3%	8.6%	26.0%	3.7%	-1.0%	23.4K	-277.7K	-962	0.06	151.44	N/A	N/A	108	6	115	6
2021-12-30	$44.54	$40.00	16.7%	4.8%	14.3%	9.2%	28.6%	4.4%	-0.7%	27.4K	-270.2K	-932	0.06	151.53	N/A	N/A	108	6	115	6
2021-12-31	$44.48	$40.00	17.3%	4.9%	14.2%	9.9%	27.1%	5.5%	-2.0%	23.2K	-280.3K	-964	0.06	150.78	N/A	N/A	108	6	115	6