USMC Options History — February 2023

In February 2023, USMC traded between $37.48 and $39.22. ATM implied volatility averaged 21.9%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 5.8% (HV 20d: 16.1%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2023-02-07: Largest IV drop — 19.9% change
  • 2023-02-06: Highest IV Rank — 27.4%
  • 2023-02-28: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.42$37.48$39.22$38.63$37.66
Max Pain$34.00$34.00$34.00$34.00$34.00
ATM IV21.9%18.5%28.2%20.3%24.9%
Expected Move5.9%5.0%7.1%5.8%7.1%
HV 20d16.1%14.8%17.2%16.0%15.9%
HV 60d18.2%16.9%20.0%19.9%16.9%
IV Rank14.1%6.9%27.4%10.8%20.4%
IV Percentile19.6%4.0%55.2%11.1%36.1%
Term Structure-3.2%-10.9%14.0%-2.3%-6.4%
Skew 25d3.3%0.3%8.3%8.3%2.2%
Skew 10d1.8%-1.5%3.7%3.7%1.4%
Call IV 25d16.3%13.2%20.2%16.3%19.8%
Put IV 25d19.6%14.3%24.6%24.6%22.0%
Bid-Ask Spread %137.59129.27151.90151.90139.65
Gamma HHI1.001.001.001.001.00
Net GEX-328-593-126-242-485
Net DEX8802781.7K6081.3K
Net VEX-6-9-2-5-6
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$38.63$0.0020.3%5.8%16.0%10.8%0.0%8.3%-2.3%-242608-50.00151.90N/AN/A00010
2023-02-02$38.98$34.0023.8%5.1%16.1%18.0%0.0%3.6%-2.1%-233633-50.00134.37N/AN/A00010
2023-02-03$38.82$34.0023.8%5.0%16.1%18.1%0.0%2.3%-1.2%-255693-60.00135.93N/AN/A00010
2023-02-06$38.63$34.0028.2%5.4%14.8%27.4%0.0%3.5%-3.7%-332989-70.00141.87N/AN/A00010
2023-02-07$39.22$34.0022.6%5.1%15.3%15.6%0.0%1.1%-1.9%-126278-20.00129.27N/AN/A00010
2023-02-08$38.83$34.0018.7%5.4%16.1%7.3%0.0%2.2%-3.1%-257699-60.00137.14N/AN/A00010
2023-02-09$38.53$34.0018.5%5.3%16.3%6.9%0.0%0.3%-4.7%-289766-60.00132.46N/AN/A00010
2023-02-10$38.50$34.0020.4%5.9%16.3%11.0%0.0%5.4%-3.3%-3511.0K-70.00141.05N/AN/A00010
2023-02-13$38.91$34.0020.1%5.8%16.5%10.3%0.0%5.2%-3.8%-235618-50.00137.03N/AN/A00010
2023-02-14$39.06$34.0019.0%5.4%16.5%7.9%0.0%4.9%-3.2%-163379-30.00135.97N/AN/A00010
2023-02-15$38.90$34.0019.1%5.5%15.1%8.1%0.0%3.6%-3.0%-188446-40.00138.42N/AN/A00010
2023-02-16$38.48$34.0019.9%5.7%15.8%9.8%0.0%1.2%14.0%-253610-40.00132.00N/AN/A00010
2023-02-17$38.25$34.0021.3%6.1%15.6%12.8%0.0%5.4%-3.3%-342903-60.00138.29N/AN/A00010
2023-02-21$37.72$34.0022.6%6.5%15.9%15.5%0.0%1.8%-5.8%-5231.5K-90.00135.38N/AN/A00010
2023-02-22$37.48$34.0023.3%6.7%16.1%16.9%0.0%2.3%-5.0%-5931.7K-90.00141.45N/AN/A00010
2023-02-23$38.04$34.0022.1%6.3%16.9%14.6%0.0%4.7%-10.9%-355880-50.00135.89N/AN/A00010
2023-02-24$37.55$34.0023.4%6.7%17.2%17.3%0.0%3.2%-5.7%-5551.5K-80.00138.31N/AN/A00010
2023-02-27$37.70$34.0024.2%6.9%16.9%18.9%0.0%1.2%-6.1%-4531.1K-60.00137.93N/AN/A00010
2023-02-28$37.66$34.0024.9%7.1%15.9%20.4%0.0%2.2%-6.4%-4851.3K-60.00139.65N/AN/A00010