USMC Options History — April 2022

In April 2022, USMC traded between $39.64 and $42.98. ATM implied volatility averaged 25.2%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 8.9% (HV 20d: 16.3%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.31.

Notable Days

2022-04-05: Highest Volume — 53 contracts
2022-04-11: Largest IV spike — 99.2% change
2022-04-12: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.78	$39.64	$42.98	$42.54	$39.64
Max Pain	$41.00	$41.00	$41.00	$41.00	$41.00
ATM IV	25.2%	16.3%	52.8%	22.3%	28.9%
Expected Move	5.9%	4.5%	8.3%	5.0%	8.3%
HV 20d	16.3%	14.5%	21.6%	17.9%	21.6%
HV 60d	18.4%	18.1%	19.8%	18.1%	19.8%
IV Rank	36.9%	15.1%	100.0%	31.0%	44.5%
IV Percentile	67.0%	17.5%	100.0%	68.7%	90.5%
Term Structure	-2.7%	-18.4%	3.1%	-2.9%	-18.4%
VWIV	19.9%	16.1%	25.2%	23.2%	25.2%
Skew 25d	8.4%	0.4%	19.6%	12.5%	8.4%
Skew 10d	9.5%	0.9%	21.0%	3.0%	13.7%
Call IV 25d	15.0%	6.3%	21.9%	10.9%	21.9%
Put IV 25d	23.4%	15.4%	36.3%	23.4%	30.3%
Bid-Ask Spread %	122.64	103.92	133.89	119.61	112.30
Gamma HHI	0.51	0.33	0.76	0.43	0.63
Net GEX	-2.7K	-7.1K	1.8K	-1.2K	-2.9K
Net DEX	-16.0K	-59.0K	45.4K	-32.7K	33.3K
Net VEX	-383	-432	-330	-367	-339
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.06	0.88	0.88	0.06
Total Volume	36.35	1	53	47	34
Total OI	59.25	47	67	47	62

Daily Data (20 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
2022-04-01	$42.54	$41.00	22.3%	5.0%	17.9%	31.0%	23.2%	12.5%	-2.9%	-1.2K	-32.7K	-367	0.88	119.61	N/A	N/A	25	22	25	22
2022-04-04	$42.98	$41.00	24.2%	4.6%	16.8%	35.7%	19.7%	7.4%	0.5%	-1.8K	-40.2K	-348	0.79	124.98	N/A	N/A	28	22	25	22
2022-04-05	$42.70	$41.00	23.9%	5.5%	16.4%	35.0%	21.1%	14.2%	1.6%	-243	-44.0K	-376	0.71	114.26	N/A	N/A	31	22	28	22
2022-04-06	$42.50	$41.00	26.7%	6.6%	15.4%	41.8%	21.0%	11.4%	0.7%	996	-48.6K	-423	0.71	126.19	N/A	N/A	31	22	34	22
2022-04-07	$42.94	$41.00	27.3%	4.5%	15.2%	43.4%	18.3%	14.2%	1.0%	202	-57.6K	-375	0.71	121.50	N/A	N/A	31	22	34	22
2022-04-08	$42.94	$41.00	22.3%	5.3%	14.8%	31.1%	22.3%	9.3%	-3.9%	1.8K	-59.0K	-395	0.79	133.11	N/A	N/A	28	22	34	22
2022-04-11	$42.29	$41.00	44.5%	5.6%	16.0%	85.7%	20.4%	4.9%	-2.6%	74	-43.6K	-380	0.43	128.02	N/A	N/A	28	12	31	22
2022-04-12	$41.94	$41.00	52.8%	6.2%	15.0%	100.0%	17.5%	5.9%	-8.1%	-2.1K	-23.6K	-424	0.07	131.30	N/A	N/A	28	2	31	32
2022-04-13	$42.40	$41.00	25.4%	7.3%	15.4%	36.3%	21.2%	17.9%	-0.4%	-1.4K	-21.4K	-432	0.07	129.07	N/A	N/A	28	2	31	32
2022-04-14	$42.09	$41.00	18.5%	5.3%	14.5%	20.3%	23.0%	4.9%	-1.4%	-2.8K	-24.4K	-418	0.07	132.27	N/A	N/A	28	2	31	32
2022-04-18	$41.60	$41.00	23.3%	6.7%	14.5%	31.4%	19.3%	0.9%	-3.6%	-5.6K	-8.6K	-408	0.07	125.13	N/A	N/A	28	2	31	32
2022-04-19	$42.35	$41.00	20.7%	5.9%	15.9%	25.4%	16.1%	0.4%	-2.8%	-4.8K	-26.6K	-393	0.07	133.89	N/A	N/A	28	2	31	32
2022-04-20	$42.22	$41.00	19.1%	5.5%	15.3%	21.8%	19.1%	4.9%	-1.2%	-2.4K	-29.4K	-389	0.07	121.77	N/A	N/A	28	2	31	32
2022-04-21	$41.82	$41.00	16.3%	4.7%	15.3%	15.1%	20.2%	0.5%	-2.4%	-3.9K	-23.3K	-382	0.07	123.81	N/A	N/A	28	2	31	32
2022-04-22	$41.00	$41.00	19.9%	5.7%	16.5%	23.5%	16.1%	4.6%	-0.4%	-4.7K	10.6K	-387	0.06	106.20	N/A	N/A	32	2	31	32
2022-04-25	$40.87	$41.00	17.8%	5.1%	16.4%	18.7%	17.1%	12.8%	3.1%	-6.7K	13.3K	-383	0.06	103.92	N/A	N/A	32	2	35	32
2022-04-26	$39.93	$41.00	25.0%	7.2%	17.6%	35.5%	20.2%	7.6%	-6.3%	-4.4K	37.4K	-355	0.06	109.26	N/A	N/A	32	2	31	32
2022-04-27	$39.97	$41.00	27.2%	7.8%	16.6%	40.5%	0.0%	6.1%	-5.0%	-5.6K	45.4K	-330	0.00	132.29	N/A	N/A	0	1	31	31
2022-04-28	$40.89	$41.00	18.5%	5.3%	19.1%	20.4%	18.0%	19.6%	-0.9%	-7.1K	22.6K	-355	0.06	123.95	N/A	N/A	32	2	31	31
2022-04-29	$39.64	$41.00	28.9%	8.3%	21.6%	44.5%	25.2%	8.4%	-18.4%	-2.9K	33.3K	-339	0.06	112.30	N/A	N/A	32	2	31	31