USMC Options History — December 2023

In December 2023, USMC traded between $44.97 and $47.05. ATM implied volatility averaged 19.4%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 11.1% (HV 20d: 8.3%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-12-27: Highest Volume — 20 contracts
2023-12-13: Largest IV drop — 62.2% change
2023-12-12: Highest IV Rank — 30.6%
2023-12-01: Largest Expected Move — 5.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.17	$44.97	$47.05	$45.34	$46.80
Max Pain	$46.67	$44.00	$48.00	$44.00	$48.00
ATM IV	19.4%	13.6%	36.0%	20.0%	15.8%
Expected Move	4.4%	3.9%	5.7%	5.7%	4.5%
HV 20d	8.3%	6.3%	10.9%	10.7%	7.7%
HV 60d	12.6%	11.9%	13.2%	13.2%	11.9%
IV Rank	10.0%	2.7%	30.6%	10.7%	5.5%
IV Percentile	35.4%	1.6%	96.0%	49.6%	11.9%
Term Structure	-1.9%	-5.6%	-0.0%	-5.6%	-2.3%
VWIV	10.7%	10.7%	10.7%	10.7%	10.7%
Skew 25d	2.2%	-2.6%	5.1%	-2.6%	1.2%
Skew 10d	3.3%	-8.6%	7.4%	-8.6%	0.9%
Call IV 25d	12.2%	9.4%	19.5%	15.6%	13.5%
Put IV 25d	14.5%	11.2%	20.2%	13.0%	14.7%
Bid-Ask Spread %	159.68	131.85	166.30	131.85	159.94
Gamma HHI	0.93	0.56	1.00	1.00	0.59
Net GEX	242	-794	5.7K	-654	5.4K
Net DEX	-1.2K	-21.5K	2.3K	1.8K	-18.2K
Net VEX	-8	-64	0	-5	-56
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1	0	20	0	0
Total OI	3.1	0	20	2	20

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-12-01	$45.34	$44.00	20.0%	5.7%	10.7%	10.7%	0.0%	-2.6%	-5.6%	-654	1.8K	-5	131.85	N/A	N/A	0	0	2
2023-12-04	$45.07	$0.00	22.0%	4.1%	10.9%	13.2%	0.0%	4.5%	-0.9%	-733	2.3K	-5	166.22	N/A	N/A	0	0	2
2023-12-05	$45.11	$0.00	22.6%	4.1%	10.9%	14.0%	0.0%	3.5%	-1.4%	-745	2.1K	-5	165.60	N/A	N/A	0	0	2
2023-12-06	$44.97	$0.00	22.6%	4.1%	10.7%	13.9%	0.0%	1.7%	-1.5%	-794	2.3K	-5	164.63	N/A	N/A	0	0	2
2023-12-07	$45.27	$0.00	25.2%	4.2%	10.9%	17.1%	0.0%	3.7%	-1.1%	-681	2.0K	-4	165.80	N/A	N/A	0	0	2
2023-12-08	$45.51	$0.00	24.4%	4.2%	9.8%	16.2%	0.0%	5.1%	-1.2%	-616	1.6K	-3	165.53	N/A	N/A	0	0	2
2023-12-11	$45.63	$0.00	33.1%	4.2%	8.5%	27.0%	0.0%	1.0%	-1.7%	-585	1.5K	-2	166.30	N/A	N/A	0	0	2
2023-12-12	$45.91	$0.00	36.0%	4.0%	8.6%	30.6%	0.0%	2.8%	-1.6%	-485	996	-2	161.75	N/A	N/A	0	0	2
2023-12-13	$46.31	$0.00	13.6%	3.9%	6.9%	2.7%	0.0%	3.1%	-1.1%	-323	534	-1	158.46	N/A	N/A	0	0	2
2023-12-14	$46.25	$0.00	14.5%	4.1%	7.0%	3.8%	0.0%	2.2%	-0.0%	-338	552	-1	159.38	N/A	N/A	0	0	2
2023-12-15	$46.38	$0.00	15.3%	4.4%	6.7%	4.8%	0.0%	2.4%	-1.7%	-236	306	0	162.31	N/A	N/A	0	0	2
2023-12-18	$46.80	$0.00	14.4%	4.1%	7.2%	3.8%	0.0%	2.0%	-1.4%	0	0	0	161.09	N/A	N/A	0	0	0
2023-12-19	$46.94	$0.00	14.7%	4.2%	6.3%	4.1%	0.0%	2.1%	-1.5%	0	0	0	159.26	N/A	N/A	0	0	0
2023-12-20	$46.54	$0.00	14.4%	4.1%	7.3%	3.8%	0.0%	0.7%	-2.3%	0	0	0	153.90	N/A	N/A	0	0	0
2023-12-21	$46.76	$0.00	15.2%	4.4%	7.3%	4.7%	0.0%	1.9%	-1.8%	0	0	0	156.81	N/A	N/A	0	0	0
2023-12-22	$46.87	$0.00	15.7%	4.5%	7.2%	5.3%	0.0%	1.9%	-2.2%	0	0	0	157.25	N/A	N/A	0	0	0
2023-12-26	$47.05	$0.00	16.4%	4.7%	7.2%	6.2%	0.0%	0.7%	-2.3%	0	0	0	159.00	N/A	N/A	0	0	0
2023-12-27	$46.86	$0.00	16.8%	4.8%	7.5%	6.7%	10.7%	3.1%	-3.2%	0	0	0	159.52	N/A	N/A	20	0	0
2023-12-28	$46.98	$48.00	16.3%	4.7%	7.4%	6.0%	0.0%	3.5%	-2.1%	5.7K	-21.5K	-64	158.99	N/A	N/A	0	20	0
2023-12-29	$46.80	$48.00	15.8%	4.5%	7.7%	5.5%	0.0%	1.2%	-2.3%	5.4K	-18.2K	-56	159.94	N/A	N/A	0	20	0