USMC Options History — February 2022

In February 2022, USMC traded between $39.92 and $43.05. ATM implied volatility averaged 23.6%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 5.2% (HV 20d: 18.4%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.06.

Notable Days

2022-02-01: Highest Volume — 113 contracts
2022-02-11: Largest IV spike — 45.7% change
2022-02-25: Highest IV Rank — 44.2%
2022-02-25: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.62	$39.92	$43.05	$42.62	$40.67
Max Pain	$43.00	$43.00	$43.00	$43.00	$43.00
ATM IV	23.6%	17.5%	27.7%	23.6%	27.3%
Expected Move	6.4%	5.0%	7.9%	6.8%	7.8%
HV 20d	18.4%	16.5%	20.7%	16.5%	20.0%
HV 60d	15.2%	14.0%	16.6%	14.0%	16.6%
IV Rank	24.7%	10.3%	44.2%	18.4%	43.2%
IV Percentile	72.3%	33.7%	90.9%	76.2%	90.5%
Term Structure	-0.6%	-12.7%	4.1%	0.8%	-4.5%
VWIV	19.1%	15.9%	24.3%	18.2%	24.0%
Skew 25d	6.0%	0.4%	20.4%	6.7%	8.3%
Skew 10d	5.4%	2.4%	13.2%	3.3%	5.5%
Call IV 25d	17.2%	13.6%	21.3%	21.3%	19.7%
Put IV 25d	23.2%	18.0%	34.2%	28.0%	27.9%
Bid-Ask Spread %	135.54	124.95	151.40	149.68	134.18
Gamma HHI	0.88	0.83	0.91	0.89	0.85
Net GEX	17.7K	8.3K	25.7K	20.9K	11.8K
Net DEX	-77.5K	-138.5K	-18.0K	-124.3K	-31.2K
Net VEX	-423	-635	-202	-604	-217
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.06	0.06	0.06	0.06
Total Volume	113	113	113	113	113
Total OI	112	112	112	112	112

Daily Data (19 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
2022-02-01	$42.62	$0.00	23.6%	6.8%	16.5%	18.4%	0.0%	6.7%	0.8%	20.9K	-124.3K	-604	0.06	149.68	N/A	N/A	107	6	106	6
2022-02-02	$43.05	$0.00	21.2%	6.1%	17.1%	15.2%	0.0%	5.5%	0.3%	25.7K	-136.8K	-613	0.06	151.40	N/A	N/A	107	6	106	6
2022-02-03	$42.46	$43.00	26.6%	5.9%	17.4%	22.3%	18.2%	6.1%	0.5%	20.9K	-138.5K	-635	0.06	133.04	N/A	N/A	107	6	106	6
2022-02-04	$42.42	$43.00	26.0%	5.9%	17.3%	21.6%	17.9%	3.0%	0.5%	21.4K	-118.1K	-578	0.06	130.69	N/A	N/A	107	6	106	6
2022-02-07	$42.12	$43.00	26.6%	5.7%	17.4%	22.3%	17.9%	1.0%	-1.0%	21.2K	-107.8K	-551	0.06	133.03	N/A	N/A	107	6	106	6
2022-02-08	$42.21	$43.00	25.6%	5.1%	17.5%	20.9%	16.4%	3.2%	4.1%	22.2K	-109.1K	-545	0.06	133.45	N/A	N/A	107	6	106	6
2022-02-09	$42.76	$43.00	17.7%	5.1%	17.9%	10.5%	18.0%	0.4%	-0.1%	24.9K	-116.9K	-544	0.06	134.81	N/A	N/A	107	6	106	6
2022-02-10	$42.18	$43.00	18.7%	5.4%	18.4%	11.8%	16.5%	2.1%	0.7%	22.8K	-99.4K	-503	0.06	127.61	N/A	N/A	107	6	106	6
2022-02-11	$41.36	$43.00	27.2%	7.8%	19.1%	23.1%	18.2%	3.8%	-7.8%	15.9K	-88.2K	-485	0.06	147.64	N/A	N/A	107	6	106	6
2022-02-14	$41.28	$43.00	22.5%	6.4%	19.1%	16.8%	18.4%	7.5%	1.3%	15.3K	-51.6K	-363	0.06	136.19	N/A	N/A	107	6	106	6
2022-02-15	$41.74	$43.00	22.1%	6.3%	19.1%	16.3%	17.8%	5.9%	-0.3%	19.6K	-73.1K	-408	0.06	139.35	N/A	N/A	107	6	106	6
2022-02-16	$41.85	$43.00	17.5%	5.0%	19.2%	10.3%	15.9%	3.4%	3.9%	20.8K	-67.8K	-402	0.06	136.13	N/A	N/A	107	6	106	6
2022-02-17	$41.25	$43.00	20.2%	5.8%	19.5%	25.9%	18.2%	1.6%	1.1%	13.5K	-25.6K	-251	0.06	136.48	N/A	N/A	107	6	106	6
2022-02-18	$40.95	$43.00	19.9%	5.7%	18.6%	25.1%	18.8%	6.7%	1.7%	13.4K	-33.2K	-275	0.06	136.45	N/A	N/A	107	6	106	6
2022-02-22	$40.70	$43.00	25.8%	7.4%	18.0%	39.5%	20.9%	11.8%	-0.8%	12.7K	-43.5K	-294	0.06	132.43	N/A	N/A	107	6	106	6
2022-02-23	$39.92	$43.00	25.4%	7.3%	19.1%	38.6%	22.2%	10.9%	0.9%	11.7K	-42.3K	-284	0.06	127.88	N/A	N/A	107	6	106	6
2022-02-24	$40.14	$43.00	26.9%	7.7%	18.7%	42.4%	24.3%	5.9%	-0.9%	8.3K	-18.0K	-202	0.06	129.88	N/A	N/A	107	6	106	6
2022-02-25	$41.15	$43.00	27.7%	7.9%	20.7%	44.2%	21.6%	20.4%	-12.7%	13.8K	-48.1K	-283	0.06	124.95	N/A	N/A	107	6	106	6
2022-02-28	$40.67	$43.00	27.3%	7.8%	20.0%	43.2%	24.0%	8.3%	-4.5%	11.8K	-31.2K	-217	0.06	134.18	N/A	N/A	107	6	106	6