AVGO Options History — March 2023

In March 2023, AVGO traded between $59.32 and $64.23. ATM implied volatility averaged 28.0%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 1.1% (HV 20d: 26.8%). Max pain ranged from $55.00 to $61.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.15.

Notable Days

2023-03-20: Highest Volume — 878,050 contracts
2023-03-03: Largest IV drop — 18.4% change
2023-03-01: Highest IV Rank — 30.5%
2023-03-01: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.79	$59.32	$64.23	$59.32	$63.93
Max Pain	$59.04	$55.00	$61.00	$58.50	$61.00
ATM IV	28.0%	24.6%	32.5%	32.5%	24.6%
Expected Move	8.0%	6.8%	10.1%	10.1%	6.8%
HV 20d	26.8%	16.6%	29.3%	25.9%	16.6%
HV 60d	27.7%	26.4%	29.2%	27.7%	26.5%
IV Rank	10.4%	0.0%	30.5%	30.5%	0.0%
IV Percentile	9.0%	0.0%	36.5%	36.5%	0.0%
Term Structure	0.0%	-1.1%	1.0%	-1.1%	1.0%
VWIV	28.4%	24.9%	35.6%	35.6%	25.3%
Skew 25d	4.9%	3.7%	6.0%	5.1%	4.6%
Skew 10d	9.6%	6.8%	11.8%	9.9%	8.8%
Call IV 25d	26.0%	22.3%	30.6%	30.6%	22.3%
Put IV 25d	30.9%	26.9%	35.7%	35.7%	26.9%
Bid-Ask Spread %	30.88	13.47	47.82	27.09	20.38
Gamma HHI	0.07	0.04	0.31	0.06	0.05
Net GEX	47.7M	-17.1M	134.5M	40.5M	37.7M
Net DEX	-1.70B	-3.06B	-864.3M	-1.02B	-1.60B
Net VEX	-15.3M	-16.0M	-14.0M	-15.1M	-15.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.15	0.14	1.87	1.87	0.88
Total Volume	190,858.696	77,230	878,050	92,750	148,950
Total OI	1,856,697.391	1,640,410	2,051,940	1,752,150	1,841,260

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-03-01	$59.32	$58.50	32.5%	10.1%	25.9%	30.5%	35.6%	5.1%	-1.1%	40.5M	-1.02B	-15.1M	1.87	27.09	32,360	60,390	801,870	950,280
2023-03-02	$60.04	$59.00	31.7%	9.9%	21.2%	26.6%	34.5%	4.9%	-0.6%	49.0M	-1.28B	-15.2M	0.90	28.52	137,610	123,190	814,840	984,900
2023-03-03	$63.51	$59.00	25.9%	7.2%	29.1%	0.0%	25.7%	3.9%	-0.4%	134.5M	-3.06B	-14.0M	0.73	13.47	370,790	271,480	900,020	1,070,510
2023-03-06	$63.39	$55.00	26.3%	7.6%	28.7%	1.8%	26.9%	3.8%	0.2%	83.3M	-2.46B	-14.4M	1.19	21.56	93,940	112,110	833,420	1,005,060
2023-03-07	$62.66	$56.00	26.8%	7.6%	29.2%	4.5%	27.3%	4.1%	0.1%	65.8M	-2.10B	-15.0M	1.16	31.05	51,770	59,870	854,680	1,051,660
2023-03-08	$63.17	$56.00	26.6%	7.6%	28.3%	3.3%	26.7%	3.7%	0.1%	75.0M	-2.32B	-14.8M	1.46	36.35	35,210	51,290	868,550	1,073,370
2023-03-09	$62.42	$58.00	29.1%	8.3%	27.6%	14.9%	28.5%	4.2%	-0.1%	49.6M	-1.89B	-15.4M	1.57	45.63	75,690	118,910	881,820	1,108,040
2023-03-10	$61.38	$59.00	31.4%	8.9%	28.3%	25.6%	31.1%	5.0%	-0.4%	6.7M	-1.29B	-16.0M	1.53	44.74	60,850	93,200	902,900	1,149,040
2023-03-13	$62.00	$59.00	31.3%	8.8%	28.3%	25.1%	32.0%	5.1%	-0.6%	49.5M	-1.59B	-15.7M	0.95	47.82	44,170	41,790	849,120	1,077,910
2023-03-14	$62.64	$59.00	28.8%	8.1%	28.4%	13.8%	29.0%	4.9%	-0.4%	69.8M	-1.96B	-15.3M	1.09	46.42	58,260	63,400	868,130	1,090,110
2023-03-15	$62.34	$59.00	30.9%	8.8%	28.4%	23.4%	31.7%	5.6%	-0.1%	61.3M	-1.79B	-15.5M	0.93	44.67	39,940	37,290	875,480	1,110,200
2023-03-16	$63.61	$59.00	28.1%	7.9%	29.2%	10.1%	28.8%	4.9%	-0.7%	85.1M	-2.47B	-15.1M	0.93	38.86	63,430	59,030	885,110	1,120,220
2023-03-17	$63.16	$59.00	29.3%	8.3%	29.2%	15.7%	29.0%	5.3%	-0.6%	106.2M	-2.30B	-15.4M	0.91	47.18	102,190	93,400	899,910	1,148,890
2023-03-20	$64.23	$58.00	27.5%	7.9%	29.3%	7.6%	25.9%	5.5%	0.2%	43.1M	-1.89B	-15.0M	0.14	30.36	773,070	104,980	725,670	914,740
2023-03-21	$63.79	$60.00	26.6%	7.6%	27.7%	3.2%	27.4%	5.4%	-0.0%	45.6M	-1.48B	-15.3M	1.29	31.08	58,190	74,840	705,060	982,980
2023-03-22	$63.97	$60.00	25.8%	7.4%	26.7%	0.0%	26.1%	5.3%	0.3%	48.4M	-1.52B	-15.5M	1.69	15.67	51,410	86,700	715,120	1,017,600
2023-03-23	$63.77	$60.50	28.6%	8.2%	26.3%	13.0%	31.1%	6.0%	-0.5%	30.8M	-1.38B	-15.8M	1.52	22.76	68,040	103,100	724,410	1,050,180
2023-03-24	$63.49	$60.00	28.2%	8.1%	25.6%	11.0%	28.8%	5.7%	0.0%	-17.1M	-1.26B	-15.9M	1.10	25.43	59,400	65,440	745,710	1,086,350
2023-03-27	$62.84	$60.00	26.9%	7.7%	25.7%	4.9%	26.8%	5.3%	1.0%	7.1M	-1.10B	-15.7M	1.40	25.32	50,400	70,500	699,630	991,990
2023-03-28	$62.30	$61.00	26.7%	7.7%	25.9%	4.0%	25.6%	5.1%	1.0%	-10.3M	-864.3M	-15.8M	0.80	24.24	55,580	44,260	718,450	1,026,630
2023-03-29	$62.77	$61.00	25.1%	7.2%	25.9%	0.0%	24.9%	5.0%	0.8%	4.8M	-1.08B	-15.7M	1.07	22.26	53,160	56,930	735,040	1,038,130
2023-03-30	$63.45	$61.00	25.0%	7.0%	25.8%	0.0%	25.1%	4.5%	1.0%	29.9M	-1.37B	-15.7M	1.30	19.48	49,160	64,080	753,500	1,055,550
2023-03-31	$63.93	$61.00	24.6%	6.8%	16.6%	0.0%	25.3%	4.6%	1.0%	37.7M	-1.60B	-15.6M	0.88	20.38	79,200	69,750	768,280	1,072,980