USMC Options History — February 2024

In February 2024, USMC traded between $48.66 and $50.70. ATM implied volatility averaged 16.4%, placing in the 6.2% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.1% (HV 20d: 13.3%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2024-02-20: Highest Volume — 2 contracts
  • 2024-02-07: Largest IV drop — 35.8% change
  • 2024-02-06: Highest IV Rank — 12.1%
  • 2024-02-28: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.84$48.66$50.70$48.66$50.70
ATM IV16.4%13.6%21.1%18.6%17.3%
Expected Move4.4%3.7%5.3%3.7%5.0%
HV 20d13.3%11.1%15.7%11.1%14.1%
HV 60d10.3%9.2%11.2%9.9%11.2%
IV Rank6.2%2.7%12.1%9.0%7.3%
IV Percentile26.2%2.0%69.4%44.8%37.7%
Term Structure-1.5%-6.5%13.9%-1.1%-6.0%
Skew 25d2.3%0.1%4.5%3.3%2.3%
Skew 10d1.1%-11.6%3.7%1.5%0.9%
Call IV 25d12.4%9.6%20.4%10.6%13.9%
Put IV 25d14.7%13.0%20.5%13.9%16.2%
Bid-Ask Spread %139.97130.17143.10141.90138.97
Gamma HHI0.890.651.001.000.68
Net GEX-440-941-190-239-890
Net DEX2.5K1.2K6.9K1.7K4.1K
Net VEX-14-25-9-11-21
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.10200
Total OI1.71313

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$48.66$0.0018.6%3.7%11.1%9.0%0.0%3.3%-1.1%-2391.7K-110.00141.90N/AN/A0001
2024-02-02$49.41$0.0017.3%3.7%11.9%7.4%0.0%3.5%-0.5%-2141.4K-100.00139.13N/AN/A0001
2024-02-05$49.27$0.0020.4%4.0%12.0%11.2%0.0%2.8%-1.3%-2121.4K-100.00141.52N/AN/A0001
2024-02-06$49.16$0.0021.1%4.0%11.5%12.1%0.0%2.2%-1.4%-2121.4K-100.00142.07N/AN/A0001
2024-02-07$49.73$0.0013.6%3.9%11.9%2.7%0.0%2.3%-1.5%-2011.3K-100.00142.29N/AN/A0001
2024-02-08$49.81$0.0014.1%4.1%11.8%3.4%0.0%3.2%-2.3%-1941.3K-100.00143.10N/AN/A0001
2024-02-09$50.00$0.0013.7%3.9%11.8%2.9%0.0%2.2%-1.7%-1901.2K-90.00141.21N/AN/A0001
2024-02-12$49.88$0.0014.1%4.1%11.9%3.4%0.0%1.2%-2.2%-1911.2K-90.00140.15N/AN/A0001
2024-02-13$49.13$0.0015.0%4.3%13.3%4.5%0.0%4.5%-3.1%-2181.5K-100.00138.04N/AN/A0001
2024-02-14$49.67$0.0014.2%4.1%13.5%3.5%0.0%2.8%-2.0%-2081.3K-100.00140.35N/AN/A0001
2024-02-15$49.98$0.0014.6%4.2%13.3%4.0%0.0%2.6%13.9%-1921.2K-90.00141.20N/AN/A0001
2024-02-16$49.75$0.0014.7%4.2%12.8%4.1%0.0%0.1%13.5%-1951.2K-90.00141.41N/AN/A0001
2024-02-20$49.33$0.0017.8%5.1%13.3%7.9%0.0%2.8%-4.9%-2191.4K-100.00141.16N/AN/A0201
2024-02-21$49.33$0.0016.9%4.8%13.3%6.8%0.0%2.9%-3.3%-9416.9K-250.00141.87N/AN/A0003
2024-02-22$50.56$0.0015.3%4.4%15.7%4.8%0.0%1.9%-3.5%-8884.8K-240.00130.17N/AN/A0003
2024-02-23$50.69$0.0015.9%4.6%15.7%5.6%0.0%1.3%-5.1%-8104.0K-220.00139.63N/AN/A0003
2024-02-26$50.63$0.0016.9%4.8%15.7%6.8%0.0%0.1%-5.5%-8364.1K-210.00134.68N/AN/A0003
2024-02-27$50.56$0.0018.2%5.2%15.6%8.5%0.0%1.9%-5.8%-8764.2K-210.00139.83N/AN/A0003
2024-02-28$50.48$0.0018.5%5.3%15.6%8.9%0.0%2.0%-6.5%-8814.3K-210.00140.77N/AN/A0003
2024-02-29$50.70$0.0017.3%5.0%14.1%7.3%0.0%2.3%-6.0%-8904.1K-210.00138.97N/AN/A0003