USMC Options History — March 2023

In March 2023, USMC traded between $36.83 and $39.68. ATM implied volatility averaged 26.2%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 10.2% (HV 20d: 16.0%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 2 of 23 days.

Notable Days

  • 2023-03-15: Largest IV drop — 58.8% change
  • 2023-03-14: Highest IV Rank — 79.9%
  • 2023-03-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.19$36.83$39.68$37.48$39.68
Max Pain$34.00$34.00$34.00$34.00$34.00
ATM IV26.2%19.1%53.2%25.9%20.0%
Expected Move6.1%5.1%7.4%7.4%5.7%
HV 20d16.0%14.2%17.6%15.8%15.9%
HV 60d16.5%15.5%17.1%16.9%15.7%
IV Rank23.0%8.2%79.9%22.5%10.0%
IV Percentile35.4%6.0%98.8%43.7%9.5%
Term Structure-1.6%-6.9%19.5%-6.9%-2.3%
Skew 25d4.2%-0.7%9.1%3.9%6.3%
Skew 10d3.2%1.0%5.5%1.2%5.5%
Call IV 25d16.8%13.8%19.5%19.5%15.1%
Put IV 25d21.0%16.2%25.9%23.4%21.4%
Bid-Ask Spread %149.03135.30160.18139.05152.52
Gamma HHI1.001.001.001.001.00
Net GEX-211-7460-5590
Net DEX48402.0K1.5K0
Net VEX-1-70-70
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI5.652010100

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$37.48$34.0025.9%7.4%15.8%22.5%0.0%3.9%-6.9%-5591.5K-70.00139.05N/AN/A00010
2023-03-02$37.80$34.0025.3%7.2%14.2%21.1%0.0%5.3%-6.8%-4121.0K-50.00140.90N/AN/A00010
2023-03-03$38.39$34.0022.8%6.5%15.0%16.1%0.0%4.8%-3.3%-168323-20.00135.30N/AN/A00010
2023-03-06$38.48$0.0027.6%5.4%15.0%26.0%0.0%2.2%-2.4%-167326-10.00155.42N/AN/A00010
2023-03-07$37.98$0.0028.4%5.1%15.6%27.8%0.0%0.6%-1.3%-255513-20.00150.32N/AN/A00010
2023-03-08$37.94$0.0030.5%5.6%14.4%32.2%0.0%4.9%3.8%-204368-20.00144.03N/AN/A00010
2023-03-09$37.31$0.0028.3%5.5%15.1%27.6%0.0%-0.7%-1.5%-408802-30.00144.12N/AN/A00010
2023-03-10$36.83$0.0034.3%5.6%15.4%40.2%0.0%1.0%-3.2%-7461.8K-50.00151.62N/AN/A00010
2023-03-13$37.12$0.0053.2%6.8%15.8%79.9%0.0%4.7%-0.9%-7352.0K-40.00146.09N/AN/A00010
2023-03-14$37.48$0.0053.2%6.8%15.8%79.9%0.0%4.1%-3.9%-4841.1K-20.00160.18N/AN/A00010
2023-03-15$37.43$0.0021.9%6.3%15.6%14.1%0.0%6.2%-2.4%-343639-10.00148.74N/AN/A00010
2023-03-16$38.23$0.0019.1%5.5%17.6%8.2%0.0%7.5%19.5%-9113400.00144.47N/AN/A00010
2023-03-17$37.92$0.0020.6%5.9%17.5%11.3%0.0%3.4%-0.9%-27354600.00149.31N/AN/A00010
2023-03-20$38.17$0.0021.7%6.2%17.5%13.7%0.0%7.3%-1.6%0000.00152.24N/AN/A0000
2023-03-21$38.71$0.0019.9%5.7%17.4%9.9%0.0%5.6%-1.6%0000.00153.09N/AN/A0000
2023-03-22$38.59$0.0019.7%5.6%17.2%9.5%0.0%0.8%-1.9%0000.00147.46N/AN/A0000
2023-03-23$38.58$0.0019.5%5.6%16.5%8.9%0.0%1.6%-1.8%0000.00148.13N/AN/A0000
2023-03-24$38.68$0.0020.8%6.0%15.7%11.7%0.0%9.1%-3.4%0000.00141.30N/AN/A0000
2023-03-27$38.80$0.0022.2%6.4%15.7%14.6%0.0%4.2%-4.2%0000.00155.02N/AN/A0000
2023-03-28$38.49$0.0022.9%6.6%16.0%16.3%0.0%5.0%-3.7%0000.00155.45N/AN/A0000
2023-03-29$39.02$0.0021.5%6.2%16.5%13.2%0.0%4.2%-2.6%0000.00156.46N/AN/A0000
2023-03-30$39.25$0.0022.2%6.4%16.4%14.7%0.0%3.9%-3.7%0000.00156.56N/AN/A0000
2023-03-31$39.68$0.0020.0%5.7%15.9%10.0%0.0%6.3%-2.3%0000.00152.52N/AN/A0000