USMC Options History — August 2023

In August 2023, USMC traded between $43.34 and $45.05. ATM implied volatility averaged 18.2%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 7.7% (HV 20d: 10.6%). Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days.

Notable Days

  • 2023-08-09: Largest IV drop — 32.6% change
  • 2023-08-08: Highest IV Rank — 15.4%
  • 2023-08-28: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.14$43.34$45.05$45.05$45.04
ATM IV18.2%15.6%23.8%19.3%18.8%
Expected Move4.9%4.3%5.6%5.5%5.4%
HV 20d10.6%9.1%13.2%9.1%12.3%
HV 60d10.9%10.6%11.2%10.7%11.1%
IV Rank8.5%5.2%15.4%9.8%9.2%
IV Percentile18.3%3.6%50.4%21.4%24.6%
Term Structure-2.1%-5.5%12.6%-5.1%-4.3%
Skew 25d3.2%0.5%7.2%1.3%1.5%
Skew 10d1.9%0.6%6.7%0.9%1.1%
Call IV 25d13.3%8.9%16.3%15.2%15.2%
Put IV 25d16.5%13.5%18.5%16.4%16.8%
Bid-Ask Spread %140.12131.93156.83156.83143.77
Gamma HHI1.001.001.001.001.00
Net GEX-411-452-301-384-424
Net DEX3.6K2.7K4.2K2.7K2.7K
Net VEX-19-21-17-19-17
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI22222

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$45.05$0.0019.3%5.5%9.1%9.8%0.0%1.3%-5.1%-3842.7K-190.00156.83N/AN/A0002
2023-08-02$44.44$0.0019.0%5.5%10.6%9.5%0.0%0.5%-5.5%-3013.4K-210.00151.13N/AN/A0002
2023-08-03$44.44$0.0020.7%4.5%9.8%11.6%0.0%4.0%-1.8%-4173.2K-200.00137.71N/AN/A0002
2023-08-04$44.12$0.0018.4%4.3%10.2%8.7%0.0%4.6%2.2%-3193.6K-210.00134.09N/AN/A0002
2023-08-07$44.45$0.0023.0%4.5%10.3%14.4%0.0%4.4%-1.5%-4203.2K-200.00138.96N/AN/A0002
2023-08-08$44.38$0.0023.8%4.6%10.2%15.4%0.0%6.0%0.3%-3563.8K-200.00134.95N/AN/A0002
2023-08-09$44.08$0.0016.0%4.6%10.1%5.7%0.0%7.2%-1.9%-4343.5K-200.00134.07N/AN/A0002
2023-08-10$43.98$0.0015.6%4.5%9.5%5.2%0.0%1.3%-2.7%-4413.6K-200.00135.65N/AN/A0002
2023-08-11$44.03$0.0016.3%4.7%9.5%6.0%0.0%4.1%-2.4%-4313.6K-200.00138.77N/AN/A0002
2023-08-14$44.30$0.0016.4%4.7%9.5%6.2%0.0%4.6%-1.9%-4373.3K-190.00137.15N/AN/A0002
2023-08-15$43.84$0.0016.6%4.8%9.8%6.5%0.0%0.9%-3.2%-4413.8K-200.00136.21N/AN/A0002
2023-08-16$43.66$0.0016.4%4.7%9.8%6.2%0.0%2.1%-3.2%-4423.9K-200.00136.82N/AN/A0002
2023-08-17$43.34$0.0017.3%5.0%9.9%7.4%0.0%1.7%12.6%-4074.2K-200.00136.18N/AN/A0002
2023-08-18$43.40$0.0018.1%5.2%9.8%8.4%0.0%5.5%-1.9%-4394.2K-200.00131.93N/AN/A0002
2023-08-21$43.80$0.0017.4%5.0%10.2%7.5%0.0%4.5%-2.0%-3244.1K-190.00142.33N/AN/A0002
2023-08-22$43.55$0.0017.8%5.1%10.2%7.9%0.0%1.4%-2.8%-4184.1K-190.00144.46N/AN/A0002
2023-08-23$44.14$0.0017.5%5.0%11.5%7.5%0.0%3.8%-2.4%-4393.5K-190.00142.46N/AN/A0002
2023-08-24$43.59$0.0017.1%4.9%12.1%7.1%0.0%0.7%-3.4%-4144.1K-190.00139.08N/AN/A0002
2023-08-25$43.90$0.0018.1%5.2%11.7%8.3%0.0%4.2%-3.2%-4523.8K-190.00140.90N/AN/A0002
2023-08-28$44.07$0.0019.5%5.6%11.9%10.1%0.0%3.0%-4.9%-4413.6K-190.00144.98N/AN/A0002
2023-08-29$44.73$0.0017.7%5.1%13.2%7.9%0.0%3.6%-4.0%-4483.0K-170.00139.28N/AN/A0002
2023-08-30$44.87$0.0018.6%5.3%12.2%9.0%0.0%2.1%-4.5%-4242.9K-170.00145.16N/AN/A0002
2023-08-31$45.04$0.0018.8%5.4%12.3%9.2%0.0%1.5%-4.3%-4242.7K-170.00143.77N/AN/A0002