USMC Options History — November 2023

In November 2023, USMC traded between $42.13 and $45.20. 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 3.0% (HV 20d: 15.3%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2023-11-29: Largest IV spike — 60.9% change
  • 2023-11-29: Highest IV Rank — 21.8%
  • 2023-11-29: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.22$42.13$45.20$42.13$45.16
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV18.2%15.2%28.9%19.4%19.4%
Expected Move4.9%4.2%8.3%5.6%5.6%
HV 20d15.3%11.6%17.6%14.9%11.6%
HV 60d13.5%12.9%14.1%12.9%13.2%
IV Rank8.5%4.7%21.8%10.0%10.0%
IV Percentile27.0%4.4%90.9%36.9%42.5%
Term Structure-0.8%-5.8%17.3%-2.6%-5.0%
Skew 25d1.3%-7.0%4.0%3.0%1.6%
Skew 10d-2.6%-12.3%1.9%-6.7%-6.5%
Call IV 25d13.8%11.8%19.4%17.7%15.6%
Put IV 25d15.1%9.0%20.7%20.7%17.1%
Bid-Ask Spread %142.89128.98149.46145.39145.81
Gamma HHI1.001.001.001.001.00
Net GEX-647-717-444-444-678
Net DEX3.6K2.1K6.8K6.8K2.2K
Net VEX-9-11-6-8-6
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI22222

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$42.13$0.0019.4%5.6%14.9%10.0%0.0%3.0%-2.6%-4446.8K-80.00145.39N/AN/A0002
2023-11-02$42.80$44.0020.4%4.4%16.0%11.3%0.0%3.9%1.1%-5755.4K-110.00148.33N/AN/A0002
2023-11-03$43.16$44.0021.8%4.5%15.8%12.9%0.0%3.4%-0.8%-6045.0K-110.00148.78N/AN/A0002
2023-11-06$43.19$44.0022.1%4.4%15.8%13.3%0.0%3.6%-0.7%-6505.1K-110.00145.58N/AN/A0002
2023-11-07$43.59$44.0021.9%4.2%15.9%13.0%0.0%3.9%-1.4%-6764.5K-110.00147.15N/AN/A0002
2023-11-08$43.59$44.0015.7%4.5%15.9%5.3%0.0%4.0%-2.4%-6484.5K-110.00149.46N/AN/A0002
2023-11-09$43.13$44.0015.7%4.5%16.3%5.3%0.0%1.9%-1.4%-6485.2K-110.00146.53N/AN/A0002
2023-11-10$43.82$44.0015.2%4.3%17.1%4.7%0.0%3.4%-2.6%-7174.2K-110.00142.34N/AN/A0002
2023-11-13$43.84$44.0016.1%4.6%16.6%5.8%0.0%3.2%-3.0%-6934.2K-100.00140.07N/AN/A0002
2023-11-14$44.63$44.0015.3%4.4%17.6%4.8%0.0%2.9%-3.2%-6743.0K-100.00147.02N/AN/A0002
2023-11-15$44.69$44.0016.0%4.6%17.1%5.7%0.0%-1.1%-3.3%-6613.0K-90.00142.85N/AN/A0002
2023-11-16$44.56$44.0015.8%4.5%16.8%5.5%0.0%2.3%17.3%-6793.2K-90.00148.15N/AN/A0002
2023-11-17$44.59$44.0015.6%4.5%16.1%5.2%0.0%2.1%17.3%-6843.1K-90.00148.41N/AN/A0002
2023-11-20$45.10$44.0015.6%4.5%16.4%5.2%0.0%1.8%-2.3%-6572.3K-80.00137.00N/AN/A0002
2023-11-21$45.01$44.0016.5%4.7%16.5%6.4%0.0%-2.5%-2.2%-6292.6K-80.00139.15N/AN/A0002
2023-11-22$45.20$44.0016.8%4.8%15.0%6.7%0.0%1.1%-3.4%-6372.2K-70.00142.13N/AN/A0002
2023-11-24$45.19$44.0019.0%5.4%13.3%9.4%0.0%0.5%-4.8%-6192.3K-70.00137.74N/AN/A0002
2023-11-27$45.15$44.0018.1%5.2%12.5%8.3%0.0%1.1%-3.6%-6812.1K-60.00129.27N/AN/A0002
2023-11-28$45.11$44.0018.0%5.2%11.9%8.2%0.0%-5.6%-4.2%-7052.2K-60.00140.61N/AN/A0002
2023-11-29$45.06$44.0028.9%8.3%12.0%21.8%0.0%-7.0%-5.8%-6292.6K-70.00128.98N/AN/A0002
2023-11-30$45.16$44.0019.4%5.6%11.6%10.0%0.0%1.6%-5.0%-6782.2K-60.00145.81N/AN/A0002