USMC Options History — May 2022

In May 2022, USMC traded between $37.46 and $40.75. ATM implied volatility averaged 31.0%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 3.2% (HV 20d: 27.7%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.06.

Notable Days

2022-05-02: Highest Volume — 34 contracts
2022-05-05: Largest IV spike — 102.2% change
2022-05-09: Highest IV Rank — 100.0%
2022-05-09: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.87	$37.46	$40.75	$39.37	$39.74
Max Pain	$42.71	$41.00	$43.00	$41.00	$43.00
ATM IV	31.0%	15.2%	59.5%	29.3%	32.4%
Expected Move	8.1%	4.4%	10.3%	8.4%	9.3%
HV 20d	27.7%	21.1%	31.7%	21.5%	28.6%
HV 60d	22.0%	19.6%	23.4%	19.6%	23.1%
IV Rank	44.1%	12.7%	100.0%	45.4%	45.5%
IV Percentile	84.7%	9.5%	100.0%	91.3%	93.7%
Term Structure	-3.2%	-11.3%	5.6%	1.3%	-5.2%
VWIV	27.0%	16.6%	35.5%	16.6%	35.5%
Skew 25d	9.8%	-12.6%	23.1%	23.1%	3.3%
Skew 10d	8.0%	1.1%	23.0%	23.0%	4.7%
Call IV 25d	21.3%	14.4%	26.6%	14.4%	23.8%
Put IV 25d	31.1%	14.1%	42.9%	37.5%	27.1%
Bid-Ask Spread %	117.81	98.94	140.30	101.75	138.71
Gamma HHI	0.73	0.55	0.93	0.64	0.72
Net GEX	-632	-4.4K	2.7K	-2.4K	2.7K
Net DEX	36.5K	-33.8K	98.8K	51.4K	-33.8K
Net VEX	-221	-337	-133	-303	-177
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.06	0.07	0.06	0.07
Total Volume	33.143	31	34	34	31
Total OI	51.714	26	62	62	26

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
2022-05-02	$39.37	$41.00	29.3%	8.4%	21.5%	45.4%	16.6%	23.1%	1.3%	-2.4K	51.4K	-303	0.06	101.75	N/A	N/A	32	2	31	31
2022-05-03	$39.55	$41.00	29.8%	8.5%	21.1%	46.5%	24.3%	15.1%	-11.2%	-3.1K	44.2K	-312	0.06	126.94	N/A	N/A	32	2	31	31
2022-05-04	$40.75	$41.00	15.2%	4.4%	24.3%	12.7%	23.5%	19.7%	5.0%	-3.4K	20.7K	-337	0.06	128.13	N/A	N/A	32	2	31	31
2022-05-05	$39.37	$43.00	30.8%	7.6%	26.8%	48.8%	25.2%	5.9%	-1.6%	-3.5K	41.5K	-303	0.06	123.96	N/A	N/A	32	2	31	31
2022-05-06	$39.35	$43.00	41.7%	8.7%	26.3%	74.1%	27.8%	15.1%	-3.3%	-2.2K	42.4K	-298	0.06	127.51	N/A	N/A	32	2	31	31
2022-05-09	$38.56	$43.00	59.5%	10.3%	26.9%	100.0%	34.5%	16.5%	-6.6%	-1.5K	43.6K	-280	0.06	136.17	N/A	N/A	32	2	31	31
2022-05-10	$38.69	$43.00	40.1%	7.1%	26.8%	60.9%	27.4%	14.4%	3.6%	-2.8K	60.8K	-244	0.06	107.52	N/A	N/A	32	2	31	31
2022-05-11	$38.28	$43.00	31.6%	9.1%	26.8%	43.9%	24.8%	13.1%	-3.8%	-2.1K	69.4K	-223	0.06	115.91	N/A	N/A	32	2	31	31
2022-05-12	$37.89	$43.00	28.8%	8.3%	26.2%	38.4%	28.3%	13.6%	-2.5%	-1.2K	77.2K	-205	0.06	124.57	N/A	N/A	32	2	31	31
2022-05-13	$38.81	$43.00	25.6%	7.3%	28.3%	31.9%	22.6%	12.3%	-7.3%	-1.9K	74.8K	-218	0.06	103.22	N/A	N/A	32	2	31	31
2022-05-16	$39.03	$43.00	32.8%	9.4%	28.3%	46.3%	28.6%	12.5%	-11.3%	-2.5K	65.0K	-218	0.06	129.78	N/A	N/A	32	2	31	31
2022-05-17	$39.39	$43.00	31.1%	8.9%	27.6%	42.8%	18.7%	4.1%	-5.5%	-4.4K	71.2K	-210	0.06	104.19	N/A	N/A	32	2	31	31
2022-05-18	$37.86	$43.00	26.6%	7.6%	30.4%	33.8%	22.1%	7.6%	-0.8%	-427	77.6K	-190	0.06	110.28	N/A	N/A	32	2	31	31
2022-05-19	$37.59	$43.00	30.6%	8.8%	30.4%	42.0%	29.2%	11.0%	-6.3%	1.2K	89.7K	-166	0.06	100.27	N/A	N/A	32	2	31	31
2022-05-20	$37.46	$43.00	24.3%	7.0%	29.9%	29.3%	23.8%	4.8%	-3.0%	1.8K	98.8K	-133	0.06	98.94	N/A	N/A	32	2	31	31
2022-05-23	$38.42	$43.00	27.8%	8.0%	31.7%	36.2%	26.2%	11.8%	-4.6%	2.6K	-20.1K	-152	0.07	107.81	N/A	N/A	29	2	25	1
2022-05-24	$38.49	$43.00	27.2%	7.8%	30.8%	35.1%	28.1%	6.9%	-0.6%	2.2K	-21.6K	-159	0.07	105.17	N/A	N/A	29	2	25	1
2022-05-25	$38.71	$43.00	28.5%	8.2%	30.9%	37.8%	32.5%	7.3%	-1.6%	2.5K	-26.4K	-170	0.07	136.51	N/A	N/A	29	2	25	1
2022-05-26	$39.20	$43.00	34.0%	9.7%	30.1%	48.7%	35.1%	0.7%	-6.4%	2.6K	-30.5K	-177	0.07	140.30	N/A	N/A	29	2	25	1
2022-05-27	$39.85	$43.00	22.5%	6.5%	28.7%	25.7%	32.3%	-12.6%	5.6%	2.7K	-30.2K	-175	0.07	106.44	N/A	N/A	29	2	25	1
2022-05-31	$39.74	$43.00	32.4%	9.3%	28.6%	45.5%	35.5%	3.3%	-5.2%	2.7K	-33.8K	-177	0.07	138.71	N/A	N/A	29	2	25	1