USMC Options History — March 2024

In March 2024, USMC traded between $50.27 and $51.58. ATM implied volatility averaged 18.5%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 4.6% (HV 20d: 13.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2024-03-13: Largest IV drop — 55.3% change
  • 2024-03-11: Highest IV Rank — 26.6%
  • 2024-03-01: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.07$50.27$51.58$51.17$51.44
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV18.5%13.9%32.8%17.2%16.9%
Expected Move4.2%3.7%4.9%4.9%4.8%
HV 20d13.8%12.1%15.6%14.0%12.1%
HV 60d12.1%11.1%12.5%11.1%12.3%
IV Rank8.8%3.1%26.6%7.1%6.8%
IV Percentile38.9%4.0%96.0%36.9%38.1%
Term Structure-1.7%-3.8%0.6%-3.8%-3.2%
Skew 25d0.3%-4.0%5.2%1.6%-4.0%
Skew 10d2.2%-5.7%6.9%0.7%-5.7%
Call IV 25d12.7%9.2%16.5%13.6%12.3%
Put IV 25d13.0%8.3%15.7%15.1%8.3%
Bid-Ask Spread %152.45137.76158.41137.76154.71
Gamma HHI0.730.680.780.730.73
Net GEX-1.0K-1.4K-856-1.0K-942
Net DEX3.5K2.5K4.8K3.9K3.2K
Net VEX-17-21-13-20-13
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI33333

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$51.17$0.0017.2%4.9%14.0%7.1%0.0%1.6%-3.8%-1.0K3.9K-200.00137.76N/AN/A0003
2024-03-04$51.02$50.0020.2%3.8%13.3%10.9%0.0%0.4%-1.7%-9443.8K-190.00155.52N/AN/A0003
2024-03-05$50.27$50.0022.2%3.9%14.4%13.4%0.0%1.3%0.6%-9324.8K-210.00146.49N/AN/A0003
2024-03-06$50.69$50.0020.8%3.8%14.6%11.6%0.0%5.2%0.1%-8564.1K-200.00149.01N/AN/A0003
2024-03-07$51.23$50.0022.7%3.9%14.5%14.1%0.0%1.0%-1.9%-9963.7K-180.00152.98N/AN/A0003
2024-03-08$50.74$50.0022.7%3.7%15.1%14.0%0.0%3.3%-1.2%-8933.9K-190.00146.63N/AN/A0003
2024-03-11$50.66$50.0032.8%4.0%15.0%26.6%0.0%4.2%-0.2%-9393.9K-180.00148.52N/AN/A0003
2024-03-12$51.30$50.0031.5%3.9%15.6%25.0%0.0%-0.4%-1.9%-1.1K3.3K-170.00150.17N/AN/A0003
2024-03-13$51.18$50.0014.1%4.0%14.4%3.3%0.0%0.1%-1.3%-1.0K3.4K-170.00155.88N/AN/A0003
2024-03-14$51.02$50.0013.9%4.0%14.1%3.1%0.0%1.2%-1.3%-1.0K3.6K-170.00154.28N/AN/A0003
2024-03-15$50.41$50.0014.4%4.1%14.7%3.7%0.0%3.8%0.4%-1.0K4.4K-190.00152.07N/AN/A0003
2024-03-18$50.92$50.0014.8%4.2%15.0%4.2%0.0%0.4%-2.0%-1.1K4.0K-170.00158.41N/AN/A0003
2024-03-19$51.06$50.0014.3%4.1%14.5%3.7%0.0%-3.6%-2.5%-1.4K3.6K-160.00156.04N/AN/A0003
2024-03-20$51.47$50.0014.3%4.1%14.7%3.6%0.0%-3.0%-2.6%-1.2K2.5K-130.00154.98N/AN/A0003
2024-03-21$51.58$50.0014.6%4.2%12.1%3.9%0.0%-2.1%-2.5%-9062.7K-140.00158.21N/AN/A0003
2024-03-22$51.45$50.0015.7%4.5%12.1%5.3%0.0%1.1%-2.5%-9822.9K-140.00157.68N/AN/A0003
2024-03-25$51.28$50.0015.9%4.6%12.2%5.6%0.0%-3.7%-1.7%-1.1K3.0K-140.00153.85N/AN/A0003
2024-03-26$51.18$50.0015.8%4.5%12.2%5.5%0.0%-0.1%-3.2%-1.1K3.3K-140.00155.28N/AN/A0003
2024-03-27$51.33$50.0015.1%4.3%12.2%4.6%0.0%-0.8%-2.5%-1.3K2.7K-130.00150.43N/AN/A0003
2024-03-28$51.44$50.0016.9%4.8%12.1%6.8%0.0%-4.0%-3.2%-9423.2K-130.00154.71N/AN/A0003