USMC Options History — January 2023

In January 2023, USMC traded between $35.76 and $38.22. ATM implied volatility averaged 24.9%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.3% (HV 20d: 17.6%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2023-01-09: Largest IV spike — 50.2% change
  • 2023-01-10: Highest IV Rank — 44.5%
  • 2023-01-04: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.05$35.76$38.22$35.91$37.85
ATM IV24.9%17.5%36.4%29.9%24.5%
Expected Move6.7%5.0%8.8%8.6%7.0%
HV 20d17.6%14.7%19.9%19.2%14.9%
HV 60d20.9%19.7%22.9%22.9%19.7%
IV Rank20.3%4.8%44.5%30.8%19.5%
IV Percentile33.7%2.8%87.3%65.1%31.3%
Term Structure-3.7%-8.0%0.7%-8.0%-5.4%
Skew 25d3.3%-1.2%6.8%-1.2%3.5%
Skew 10d3.9%-3.6%7.9%0.6%1.8%
Call IV 25d18.0%10.7%26.6%26.6%19.5%
Put IV 25d21.2%13.9%25.8%25.4%23.0%
Bid-Ask Spread %156.76142.97168.02155.97154.16
Gamma HHI1.001.001.001.001.00
Net GEX-857-1.2K-376-1.1K-558
Net DEX4.4K1.1K8.2K8.1K1.9K
Net VEX-29-48-10-48-13
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$35.91$0.0029.9%8.6%19.2%30.8%0.0%-1.2%-8.0%-1.1K8.1K-480.00155.97N/AN/A00010
2023-01-04$35.92$0.0030.8%8.8%18.7%32.8%0.0%0.5%-7.7%-1.1K8.0K-480.00159.19N/AN/A00010
2023-01-05$35.76$0.0026.6%6.1%17.9%24.0%0.0%3.3%-3.0%-1.2K8.2K-480.00154.30N/AN/A00010
2023-01-06$36.58$0.0022.4%5.3%19.9%15.2%0.0%6.8%0.7%-1.2K6.7K-420.00145.88N/AN/A00010
2023-01-09$36.55$0.0033.7%6.6%19.5%38.9%0.0%1.1%-3.8%-9815.6K-360.00162.66N/AN/A00010
2023-01-10$36.64$0.0036.4%6.6%19.5%44.5%0.0%4.7%-1.5%-1.1K5.7K-360.00166.49N/AN/A00010
2023-01-11$36.97$0.0020.2%5.8%19.5%10.4%0.0%3.2%-3.6%-9474.5K-320.00142.97N/AN/A00010
2023-01-12$37.13$0.0022.8%6.5%19.0%16.0%0.0%4.8%-2.4%-8784.5K-310.00163.24N/AN/A00010
2023-01-13$37.42$0.0017.5%5.0%19.2%4.8%0.0%4.1%0.1%-7102.7K-210.00152.03N/AN/A00010
2023-01-17$37.37$0.0023.9%6.8%16.9%18.2%0.0%2.8%-3.4%-8144.0K-270.00166.71N/AN/A00010
2023-01-18$36.75$0.0024.3%7.0%17.7%19.1%0.0%3.5%-3.7%-9995.1K-330.00168.02N/AN/A00010
2023-01-19$36.67$0.0024.7%7.1%16.8%20.0%0.0%3.5%-3.5%-1.0K5.3K-320.00165.83N/AN/A00010
2023-01-20$37.14$0.0023.8%6.8%17.2%18.0%0.0%5.0%-3.1%-8944.9K-330.00164.49N/AN/A00010
2023-01-23$37.59$0.0024.0%6.9%17.2%18.5%0.0%5.1%-3.9%-7263.2K-220.00161.74N/AN/A00010
2023-01-24$37.45$0.0022.8%6.5%16.0%15.9%0.0%1.5%-4.6%-7302.9K-220.00155.75N/AN/A00010
2023-01-25$37.50$0.0021.2%6.1%15.9%12.5%0.0%5.6%-3.0%-6612.3K-160.00149.10N/AN/A00010
2023-01-26$37.87$0.0022.5%6.5%16.1%15.4%0.0%4.3%-4.3%-5612.0K-140.00152.04N/AN/A00010
2023-01-27$38.22$0.0021.8%6.3%14.7%13.9%0.0%2.6%-3.8%-3761.1K-100.00143.66N/AN/A00010
2023-01-30$37.61$0.0023.4%6.7%15.1%17.3%0.0%1.0%-6.3%-6142.1K-160.00151.07N/AN/A00010
2023-01-31$37.85$0.0024.5%7.0%14.9%19.5%0.0%3.5%-5.4%-5581.9K-130.00154.16N/AN/A00010