ILCG Options History — March 2023

In March 2023, ILCG traded between $50.79 and $55.18. ATM implied volatility averaged 28.6%. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 9.2% (HV 20d: 19.5%). Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days.

Notable Days

  • 2023-03-13: Largest IV spike — 61.4% change
  • 2023-03-13: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.96$50.79$55.18$51.97$55.18
ATM IV28.6%15.7%62.4%27.1%17.7%
Expected Move6.9%4.5%9.2%7.8%5.1%
HV 20d19.5%16.9%21.6%19.2%20.0%
HV 60d20.0%18.8%20.9%20.5%19.1%
Term Structure1.1%-8.7%7.1%-8.7%4.8%
Skew 25d6.0%-1.3%15.7%15.7%4.6%
Skew 10d6.7%-5.5%17.4%11.0%-0.4%
Call IV 25d20.1%13.5%33.8%18.6%13.5%
Put IV 25d26.1%17.2%34.3%34.3%18.1%
Bid-Ask Spread %126.46121.79136.27123.98125.56
Gamma HHI0.760.720.800.800.74
Net GEX9398281.2K1.0K987
Net DEX-21.6K-28.0K-17.1K-18.4K-28.0K
Net VEX-47-57-26-57-26
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI66666

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$51.97$0.0027.1%7.8%19.2%0.0%0.0%15.7%-8.7%1.0K-18.4K-570.00123.98N/AN/A0060
2023-03-02$52.45$0.0026.5%7.6%17.1%0.0%0.0%9.5%6.2%964-19.9K-540.00131.16N/AN/A0060
2023-03-03$53.35$0.0026.1%7.5%17.9%0.0%0.0%-1.3%-3.8%894-21.9K-530.00128.83N/AN/A0060
2023-03-06$53.52$0.0023.7%5.7%17.7%0.0%0.0%3.8%2.8%934-22.2K-510.00123.25N/AN/A0060
2023-03-07$52.80$0.0028.6%6.4%18.2%0.0%0.0%9.7%-0.1%883-20.1K-540.00123.45N/AN/A0060
2023-03-08$52.93$0.0035.5%6.8%16.9%0.0%0.0%2.6%1.0%915-20.9K-520.00131.89N/AN/A0060
2023-03-09$51.94$0.0035.1%6.7%17.8%0.0%0.0%5.9%5.9%913-20.0K-520.00124.63N/AN/A0060
2023-03-10$50.79$0.0036.5%7.2%19.2%0.0%0.0%6.4%2.4%873-17.2K-530.00121.79N/AN/A0060
2023-03-13$51.34$0.0058.9%9.2%19.7%0.0%0.0%2.5%0.3%864-17.1K-540.00124.53N/AN/A0060
2023-03-14$51.86$0.0062.4%7.8%19.4%0.0%0.0%2.4%-2.0%982-19.2K-520.00136.27N/AN/A0060
2023-03-15$51.82$0.0026.1%7.5%19.1%0.0%0.0%4.4%-0.4%951-18.9K-520.00131.94N/AN/A0060
2023-03-16$53.18$0.0023.7%6.8%21.6%0.0%0.0%2.0%2.9%876-21.6K-490.00123.58N/AN/A0060
2023-03-17$52.73$0.0023.8%6.8%21.3%0.0%0.0%10.7%0.6%956-21.4K-480.00125.70N/AN/A0060
2023-03-20$52.97$0.0024.4%7.0%21.1%0.0%0.0%9.7%3.8%928-21.3K-480.00125.91N/AN/A0060
2023-03-21$53.91$0.0024.0%6.9%20.8%0.0%0.0%10.1%-0.9%1.2K-23.7K-410.00125.30N/AN/A0060
2023-03-22$53.55$0.0025.0%7.2%20.9%0.0%0.0%-0.4%-4.4%863-24.1K-420.00128.02N/AN/A0060
2023-03-23$53.28$0.0026.2%7.5%20.6%0.0%0.0%4.6%-2.2%910-22.5K-450.00125.38N/AN/A0060
2023-03-24$53.45$0.0025.4%7.3%19.5%0.0%0.0%11.1%2.0%993-22.5K-450.00127.08N/AN/A0060
2023-03-27$53.52$0.0025.1%7.2%19.4%0.0%0.0%8.4%-0.8%938-23.3K-410.00127.30N/AN/A0060
2023-03-28$53.07$0.0022.3%6.4%19.6%0.0%0.0%10.0%7.1%1.0K-21.1K-460.00123.45N/AN/A0060
2023-03-29$54.03$0.0015.7%4.5%20.4%0.0%0.0%2.2%6.3%934-24.7K-370.00121.94N/AN/A0060
2023-03-30$54.40$0.0018.7%5.4%20.3%0.0%0.0%3.9%2.3%828-25.6K-360.00127.56N/AN/A0060
2023-03-31$55.18$0.0017.7%5.1%20.0%0.0%0.0%4.6%4.8%987-28.0K-260.00125.56N/AN/A0060