IBKR Options History — March 2023

In March 2023, IBKR traded between $18.89 and $22.33. ATM implied volatility averaged 41.1%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 3.1% (HV 20d: 38.0%). Max pain ranged from $16.25 to $21.25. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.94.

Notable Days

  • 2023-03-15: Highest Volume — 29,672 contracts
  • 2023-03-10: Largest IV spike — 48.5% change
  • 2023-03-10: Highest IV Rank — 100.0%
  • 2023-03-15: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.49$18.89$22.33$21.90$20.52
Max Pain$18.48$16.25$21.25$20.00$16.25
ATM IV41.1%26.2%76.9%28.0%38.5%
Expected Move11.1%7.5%15.0%8.0%11.0%
HV 20d38.0%11.1%54.4%25.0%54.1%
HV 60d32.8%25.7%37.8%26.6%37.8%
IV Rank33.0%0.7%100.0%5.9%24.7%
IV Percentile64.0%0.8%100.0%4.0%68.7%
Term Structure-1.5%-7.5%2.6%1.4%-1.6%
VWIV40.4%27.0%63.6%27.2%37.8%
Skew 25d7.2%3.2%11.9%4.7%7.5%
Skew 10d16.6%8.0%28.1%8.3%18.5%
Call IV 25d36.1%25.2%48.4%27.3%35.5%
Put IV 25d43.3%28.8%58.6%32.0%43.0%
Bid-Ask Spread %62.5747.8176.1447.8163.53
Gamma HHI0.200.150.330.220.17
Net GEX349.2K-1.0M2.0M1.3M341.8K
Net DEX-19.7M-38.8M24.5M-25.4M-38.8M
Net VEX-203.2K-280.4K-125.4K-133.5K-280.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.133.990.500.30
Total Volume7,101.0431,22029,6721,2202,040
Total OI98,951.1380,204135,53680,204111,532

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$21.90$20.0028.0%8.0%25.0%5.9%27.2%4.7%1.4%1.3M-25.4M-133.5K0.5047.81N/AN/A81640434,84445,360
2023-03-02$22.29$20.0027.5%7.9%22.5%4.4%28.3%3.2%2.2%1.6M-31.2M-134.8K0.3055.67N/AN/A1,56846435,14845,648
2023-03-03$22.27$20.0026.2%7.5%19.4%0.7%27.0%3.6%2.6%1.7M-32.2M-130.6K0.5765.80N/AN/A1,13264435,44045,940
2023-03-06$22.09$21.2527.1%8.4%13.2%3.4%29.7%4.2%-1.3%1.7M-29.4M-126.3K0.3564.97N/AN/A1,41249635,62846,232
2023-03-07$22.23$21.2526.8%8.3%13.3%2.5%29.0%4.1%-0.6%1.8M-31.7M-125.4K0.3061.32N/AN/A1,52846036,08046,548
2023-03-08$22.33$21.2527.7%8.6%11.1%5.1%30.3%4.4%-0.9%2.0M-33.6M-129.7K0.1363.24N/AN/A2,82036037,15246,860
2023-03-09$21.34$21.2536.0%9.7%20.0%44.0%34.0%5.0%-0.8%834.8K-18.6M-143.1K2.9276.14N/AN/A2,7087,89639,04047,300
2023-03-10$20.08$21.2553.5%11.8%29.3%100.0%41.0%7.5%-4.1%-511.8K6.9M-165.0K3.9967.58N/AN/A3,47213,85238,92451,680
2023-03-13$19.20$21.2576.9%13.9%32.7%100.0%48.4%10.6%-5.8%-892.7K19.8M-178.9K0.8972.15N/AN/A13,62412,15640,13257,212
2023-03-14$19.99$21.2560.8%12.8%36.4%68.3%47.1%9.1%-5.4%-365.5K3.1M-204.5K2.7362.96N/AN/A3,2088,75646,80859,340
2023-03-15$18.89$21.2552.4%15.0%40.8%52.0%63.6%10.1%-7.5%-1.0M24.5M-210.4K0.4653.26N/AN/A20,3209,35247,28464,980
2023-03-16$19.54$16.2544.4%12.7%43.0%36.3%50.3%11.9%-0.4%-686.1K-13.9M-239.1K1.2361.49N/AN/A2,9963,67666,06868,916
2023-03-17$18.98$16.2548.2%13.8%43.8%43.6%49.3%11.0%-1.4%-542.5K-6.5M-229.4K0.7965.13N/AN/A3,2002,53267,05668,480
2023-03-20$19.62$16.2542.9%12.3%46.0%33.2%52.4%7.9%-1.0%-53.8K-20.1M-237.4K1.5951.72N/AN/A2,4883,95647,10847,372
2023-03-21$20.70$16.2538.5%11.0%50.5%24.5%41.1%8.0%-0.5%198.1K-35.9M-231.1K0.4852.97N/AN/A2,4401,17647,46847,072
2023-03-22$19.95$16.2539.2%11.3%51.8%26.1%39.8%8.1%-0.1%25.4K-25.5M-224.2K0.2469.02N/AN/A3,61687647,84847,012
2023-03-23$19.85$16.2542.0%12.1%51.8%31.6%40.8%8.8%-0.9%46.2K-23.6M-240.9K0.2961.08N/AN/A4,3201,24449,58047,492
2023-03-24$19.22$16.2546.2%13.2%52.6%39.7%47.3%9.4%-2.3%-49.0K-15.8M-251.1K0.7866.05N/AN/A2,8842,24852,19248,440
2023-03-27$19.86$16.2540.7%11.7%54.3%29.0%41.6%7.6%-1.4%93.7K-26.5M-256.5K0.5369.58N/AN/A2,7161,42853,41250,088
2023-03-28$19.97$16.2541.6%11.9%54.4%30.6%42.0%5.6%-1.5%75.5K-28.3M-249.5K0.9364.67N/AN/A4,0163,71653,96850,528
2023-03-29$20.24$16.2540.2%11.5%54.4%28.0%42.4%8.3%-2.6%168.6K-33.4M-273.8K0.3863.12N/AN/A1,87670857,51251,980
2023-03-30$20.27$16.2539.4%11.3%53.8%26.4%39.7%5.0%-1.3%199.0K-38.0M-277.7K0.9959.77N/AN/A86885658,71252,460
2023-03-31$20.52$16.2538.5%11.0%54.1%24.7%37.8%7.5%-1.6%341.8K-38.8M-280.4K0.3063.53N/AN/A1,57246858,53253,000