USMC Options History — September 2023

In September 2023, USMC traded between $42.65 and $44.93. ATM implied volatility averaged 20.5%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 8.4% (HV 20d: 12.2%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2023-09-12: Largest IV spike — 73.5% change
  • 2023-09-12: Highest IV Rank — 38.7%
  • 2023-09-29: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.99$42.65$44.93$44.90$42.82
ATM IV20.5%14.6%42.5%19.2%19.5%
Expected Move4.8%3.2%5.6%5.5%5.6%
HV 20d12.2%10.9%13.1%12.0%10.9%
HV 60d11.2%10.9%11.6%11.1%11.2%
IV Rank11.4%4.0%38.7%9.7%10.1%
IV Percentile32.3%2.0%95.6%27.8%34.1%
Term Structure-1.9%-5.0%5.4%-5.0%-3.4%
Skew 25d2.9%0.0%6.1%3.3%1.0%
Skew 10d3.4%0.1%7.6%0.1%1.2%
Call IV 25d13.9%9.0%22.7%12.2%22.7%
Put IV 25d16.8%13.0%23.8%15.4%23.8%
Bid-Ask Spread %159.13142.00165.62142.00161.42
Gamma HHI1.001.001.001.001.00
Net GEX-470-533-387-438-454
Net DEX3.8K2.8K5.2K2.8K5.1K
Net VEX-16-17-15-17-15
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI22222

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$44.90$0.0019.2%5.5%12.0%9.7%0.0%3.3%-5.0%-4382.8K-170.00142.00N/AN/A0002
2023-09-05$44.89$0.0023.1%4.3%11.8%14.6%0.0%3.3%-2.0%-4352.9K-170.00164.40N/AN/A0002
2023-09-06$44.47$0.0024.9%4.5%12.3%16.8%0.0%5.5%-1.0%-4743.2K-170.00157.92N/AN/A0002
2023-09-07$44.41$0.0028.5%4.8%12.0%21.3%0.0%4.3%-2.2%-4483.4K-170.00165.62N/AN/A0002
2023-09-08$44.34$0.0024.3%3.8%12.0%16.1%0.0%2.4%-0.7%-5073.3K-170.00149.56N/AN/A0002
2023-09-11$44.77$0.0024.5%3.2%12.4%16.3%0.0%6.1%5.4%-4543.0K-170.00161.89N/AN/A0002
2023-09-12$44.45$0.0042.5%4.8%12.6%38.7%0.0%3.5%-2.6%-4673.3K-170.00162.72N/AN/A0002
2023-09-13$44.59$0.0014.7%4.2%12.0%4.1%0.0%2.8%-2.1%-4783.2K-170.00162.69N/AN/A0002
2023-09-14$44.93$0.0015.1%4.3%12.1%4.6%0.0%4.2%-1.6%-4752.8K-160.00161.69N/AN/A0002
2023-09-15$44.30$0.0015.8%4.5%12.9%5.4%0.0%0.6%-2.1%-4983.5K-170.00160.80N/AN/A0002
2023-09-18$44.34$0.0017.2%4.9%12.9%7.2%0.0%3.3%-2.4%-4913.4K-170.00163.18N/AN/A0002
2023-09-19$44.41$0.0016.5%4.7%12.6%6.3%0.0%4.7%-1.3%-5033.4K-160.00162.20N/AN/A0002
2023-09-20$44.02$0.0016.2%4.6%12.8%5.9%0.0%1.1%-2.2%-4903.8K-170.00159.26N/AN/A0002
2023-09-21$43.34$0.0014.6%4.2%13.1%4.0%0.0%1.6%-1.6%-5334.5K-170.00151.08N/AN/A0002
2023-09-22$43.27$0.0018.1%5.2%12.3%8.3%0.0%2.7%-3.3%-4974.6K-160.00159.99N/AN/A0002
2023-09-25$43.25$0.0018.9%5.4%12.0%9.3%0.0%4.3%-3.1%-4894.6K-160.00161.27N/AN/A0002
2023-09-26$42.73$0.0018.8%5.4%12.5%9.2%0.0%1.8%-3.5%-4685.2K-150.00159.56N/AN/A0002
2023-09-27$42.65$0.0019.2%5.5%10.9%9.7%0.0%2.4%0.7%-3875.0K-150.00156.73N/AN/A0002
2023-09-28$42.89$0.0019.4%5.5%11.1%9.9%0.0%0.0%-3.6%-4074.9K-150.00158.52N/AN/A0002
2023-09-29$42.82$0.0019.5%5.6%10.9%10.1%0.0%1.0%-3.4%-4545.1K-150.00161.42N/AN/A0002