USMC Options History — November 2022

In November 2022, USMC traded between $35.02 and $38.22. ATM implied volatility averaged 32.4%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 8.2% (HV 20d: 24.2%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.33.

Notable Days

2022-11-02: Highest Volume — 71 contracts
2022-11-09: Largest IV drop — 31.2% change
2022-11-08: Highest IV Rank — 68.1%
2022-11-01: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.77	$35.02	$38.22	$36.17	$38.22
Max Pain	$43.00	$43.00	$43.00	$43.00	$43.00
ATM IV	32.4%	25.4%	47.2%	39.7%	25.8%
Expected Move	8.7%	7.3%	11.4%	11.4%	7.4%
HV 20d	24.2%	22.4%	26.8%	24.9%	24.7%
HV 60d	25.3%	24.4%	26.5%	24.5%	25.9%
IV Rank	36.8%	22.3%	68.1%	52.6%	22.3%
IV Percentile	73.4%	45.6%	98.8%	94.4%	45.6%
Term Structure	-6.4%	-15.9%	-0.4%	-9.5%	-4.1%
VWIV	29.9%	16.8%	48.2%	48.2%	30.7%
Skew 25d	7.9%	1.5%	15.7%	14.6%	13.0%
Skew 10d	9.0%	-4.1%	20.3%	-4.1%	3.5%
Call IV 25d	25.8%	16.9%	36.7%	26.1%	20.4%
Put IV 25d	33.7%	23.6%	44.6%	40.7%	33.3%
Bid-Ask Spread %	129.78	109.58	149.36	133.69	139.95
Gamma HHI	0.49	0.34	0.66	0.56	0.53
Net GEX	242	-2.3K	1.8K	930	541
Net DEX	7.0K	942	20.6K	4.0K	3.1K
Net VEX	-110	-155	-61	-134	-61
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.02	0.42	0.02	0.02
Total Volume	53.667	0	71	51	0
Total OI	71.429	60	80	60	60

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
2022-11-01	$36.17	$0.00	39.7%	11.4%	24.9%	52.6%	0.0%	14.6%	-9.5%	930	4.0K	-134	0.02	133.69	N/A	N/A	50	1	50	10
2022-11-02	$35.43	$0.00	36.5%	10.5%	25.9%	46.0%	48.2%	11.4%	-9.5%	1.2K	2.7K	-149	0.42	123.65	N/A	N/A	50	21	50	10
2022-11-03	$35.02	$43.00	34.0%	7.3%	25.9%	40.7%	30.8%	4.7%	-2.7%	-2.3K	19.7K	-118	0.42	142.74	N/A	N/A	50	21	50	30
2022-11-04	$35.19	$43.00	38.1%	8.5%	22.4%	49.2%	30.9%	3.2%	-4.6%	-2.0K	20.6K	-124	0.42	119.81	N/A	N/A	50	21	50	30
2022-11-07	$35.80	$43.00	40.6%	8.5%	23.0%	54.3%	30.7%	8.3%	-12.2%	-888	12.9K	-139	0.42	124.98	N/A	N/A	50	21	50	30
2022-11-08	$35.88	$43.00	47.2%	9.6%	22.4%	68.1%	30.2%	9.9%	-13.3%	-679	12.2K	-134	0.42	122.48	N/A	N/A	50	21	50	30
2022-11-09	$35.29	$43.00	32.5%	9.3%	23.5%	37.8%	32.2%	7.9%	-4.8%	-1.1K	17.1K	-155	0.42	129.66	N/A	N/A	50	21	50	30
2022-11-10	$36.90	$43.00	25.4%	7.3%	26.8%	23.1%	26.9%	5.5%	-3.1%	-151	7.0K	-100	0.42	143.16	N/A	N/A	50	21	50	30
2022-11-11	$37.29	$43.00	27.2%	7.8%	26.0%	26.6%	25.5%	4.3%	-0.4%	391	2.6K	-117	0.42	109.58	N/A	N/A	50	21	50	30
2022-11-14	$37.38	$43.00	26.7%	7.7%	24.7%	25.7%	27.0%	8.3%	-4.8%	1.6K	1.2K	-125	0.42	124.37	N/A	N/A	50	21	50	30
2022-11-15	$37.41	$43.00	29.3%	8.4%	24.7%	29.7%	16.8%	15.7%	-0.6%	708	7.0K	-104	0.42	117.12	N/A	N/A	50	21	50	30
2022-11-16	$37.17	$43.00	32.4%	9.3%	24.7%	36.2%	29.1%	10.8%	-7.5%	629	4.1K	-121	0.42	122.28	N/A	N/A	50	21	50	30
2022-11-17	$36.90	$43.00	29.4%	8.4%	24.8%	29.9%	29.6%	6.6%	-2.6%	187	7.7K	-93	0.42	129.16	N/A	N/A	50	21	50	30
2022-11-18	$37.20	$43.00	32.2%	9.2%	24.0%	35.9%	30.0%	2.4%	-5.0%	1.1K	3.8K	-109	0.42	124.74	N/A	N/A	50	21	50	30
2022-11-21	$37.04	$43.00	38.1%	10.9%	23.5%	48.1%	31.9%	11.3%	-15.9%	1.3K	2.4K	-115	0.02	124.39	N/A	N/A	50	1	50	10
2022-11-22	$37.56	$43.00	26.5%	7.6%	23.6%	23.8%	28.0%	10.5%	-4.5%	866	5.0K	-91	0.02	124.09	N/A	N/A	50	1	50	10
2022-11-23	$37.87	$43.00	30.6%	8.8%	23.5%	32.3%	30.7%	6.9%	-7.3%	1.8K	942	-117	0.02	127.31	N/A	N/A	50	1	50	10
2022-11-25	$37.89	$43.00	27.8%	8.0%	23.2%	26.5%	0.0%	3.0%	-6.4%	675	3.0K	-71	0.00	149.11	N/A	N/A	0	0	50	10
2022-11-28	$37.30	$43.00	28.7%	8.2%	23.0%	28.5%	0.0%	1.5%	-7.3%	-65	6.1K	-67	0.00	143.84	N/A	N/A	0	0	50	10
2022-11-29	$37.16	$43.00	31.7%	9.1%	22.8%	34.6%	0.0%	5.7%	-9.1%	297	4.9K	-73	0.00	149.36	N/A	N/A	0	0	50	10
2022-11-30	$38.22	$43.00	25.8%	7.4%	24.7%	22.3%	0.0%	13.0%	-4.1%	541	3.1K	-61	0.00	139.95	N/A	N/A	0	0	50	10