IXN Options History — November 2020

In November 2020, IXN traded between $41.70 and $46.98. ATM implied volatility averaged 24.5%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 4.9% (HV 20d: 29.3%). Max pain ranged from $37.50 to $43.33. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2020-11-03: Highest Volume — 12 contracts
  • 2020-11-04: Largest IV drop — 36.7% change
  • 2020-11-02: Highest IV Rank — 46.4%
  • 2020-11-02: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.53$41.70$46.98$41.70$46.98
Max Pain$38.38$37.50$43.33$43.33$37.50
ATM IV24.5%18.3%39.5%39.5%20.7%
Expected Move7.0%5.2%11.3%11.3%5.9%
HV 20d29.3%21.6%31.8%25.7%21.6%
HV 60d27.8%25.6%28.5%26.0%25.6%
IV Rank22.6%12.9%46.4%46.4%16.7%
IV Percentile40.3%21.8%88.5%88.5%24.6%
Term Structure0.5%-6.5%6.4%-6.5%0.9%
VWIV37.5%37.5%37.5%37.5%37.5%
Skew 25d1.1%-2.2%8.3%-2.2%-2.0%
Skew 10d4.8%-12.0%27.9%-12.0%-7.4%
Call IV 25d25.7%21.6%37.1%37.1%28.3%
Put IV 25d26.8%21.7%42.4%35.0%26.2%
Bid-Ask Spread %116.37109.10132.54120.85115.91
Gamma HHI0.430.330.500.330.50
Net GEX154.1K78.6K220.5K78.6K220.5K
Net DEX-2.4M-3.1M-1.2M-1.2M-3.1M
Net VEX-7.5K-8.3K-6.2K-7.8K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.001.001.000.00
Total Volume301260
Total OI1,229.71,2121,2361,2301,218

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$41.70$43.3339.5%11.3%25.7%46.4%37.5%-2.2%-6.5%78.6K-1.2M-7.8K0.00120.85N/AN/A061,026204
2020-11-03$42.83$43.3336.5%10.5%27.4%41.7%0.0%1.2%-5.2%92.1K-1.3M-7.9K0.00124.91N/AN/A0121,026204
2020-11-04$44.20$43.3323.1%6.6%29.1%20.5%0.0%8.3%3.3%119.3K-1.8M-8.2K0.00132.54N/AN/A001,026210
2020-11-05$45.44$37.5025.0%6.9%30.7%23.4%0.0%2.6%-0.5%131.3K-2.3M-8.3K0.00111.51N/AN/A001,026210
2020-11-06$45.84$37.5025.5%7.6%30.4%24.3%0.0%5.8%-0.3%129.8K-2.4M-8.3K1.00109.10N/AN/A661,026210
2020-11-09$45.94$37.5032.6%7.0%29.0%35.4%0.0%1.1%2.5%134.7K-2.6M-8.3K0.00114.64N/AN/A001,026210
2020-11-10$44.78$37.5025.3%8.3%30.3%23.9%0.0%-0.1%-4.0%125.6K-2.0M-7.8K0.00112.72N/AN/A001,026210
2020-11-11$45.72$37.5026.2%7.5%31.3%25.4%0.0%5.2%-3.3%138.9K-2.4M-7.9K0.00112.60N/AN/A001,026210
2020-11-12$45.26$37.5025.3%7.3%31.4%24.0%0.0%0.5%-0.1%142.4K-2.4M-7.9K0.00113.49N/AN/A001,026210
2020-11-13$45.87$37.5025.0%7.2%31.8%23.5%0.0%1.4%0.1%148.2K-2.5M-7.8K0.00112.29N/AN/A001,026210
2020-11-16$46.28$37.5021.4%6.1%31.4%17.8%0.0%-0.7%1.6%169.8K-2.6M-7.5K0.00114.31N/AN/A0121,026204
2020-11-17$46.18$37.5023.0%6.6%31.4%20.3%0.0%0.6%1.1%162.5K-2.7M-7.5K0.00113.56N/AN/A001,026204
2020-11-18$45.92$37.5023.0%6.6%31.4%20.2%0.0%1.0%0.9%160.7K-2.6M-7.5K0.00115.52N/AN/A1201,026204
2020-11-19$46.13$37.5018.3%5.2%31.3%12.9%0.0%-2.0%3.0%209.1K-2.6M-7.0K0.00114.86N/AN/A001,032204
2020-11-20$45.94$37.5018.9%5.4%31.4%13.8%0.0%0.5%6.4%178.5K-2.6M-7.3K0.00116.78N/AN/A001,032204
2020-11-23$45.88$37.5019.1%5.5%29.7%14.2%0.0%0.4%4.5%191.3K-2.5M-7.1K0.00117.40N/AN/A061,020192
2020-11-24$46.40$37.5022.2%6.4%29.8%19.0%0.0%0.5%1.2%163.2K-2.7M-6.8K0.00117.64N/AN/A001,020198
2020-11-25$46.54$37.5019.9%5.7%26.0%15.5%0.0%0.3%2.4%188.2K-2.8M-6.9K0.00118.39N/AN/A001,020198
2020-11-27$46.84$37.5019.1%5.5%25.8%14.2%0.0%-0.2%2.3%196.5K-3.0M-6.8K0.00118.41N/AN/A001,020198
2020-11-30$46.98$37.5020.7%5.9%21.6%16.7%0.0%-2.0%0.9%220.5K-3.1M-6.2K0.00115.91N/AN/A001,020198