INTC Options History — April 2008

In April 2008, INTC traded between $20.69 and $22.71. ATM implied volatility averaged 35.6%, placing in the 44.2% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 3.2% (HV 20d: 38.8%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.98.

Notable Days

2008-04-15: Highest Volume — 337,772 contracts
2008-04-10: Largest IV drop — 27.8% change
2008-04-09: Highest IV Rank — 83.1%
2008-04-15: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.97	$20.69	$22.71	$21.97	$22.26
Max Pain	$21.45	$21.00	$22.00	$21.00	$22.00
ATM IV	35.6%	26.4%	49.4%	40.8%	27.9%
Expected Move	9.7%	7.6%	12.6%	11.7%	8.0%
HV 20d	38.8%	35.2%	42.3%	38.8%	35.7%
HV 60d	41.6%	35.6%	50.8%	50.8%	35.6%
IV Rank	44.2%	17.9%	83.1%	58.7%	22.3%
IV Percentile	65.5%	24.6%	98.4%	92.9%	35.3%
Term Structure	-0.7%	-5.2%	4.3%	-4.3%	0.6%
VWIV	34.7%	27.3%	45.8%	43.5%	27.7%
Skew 25d	5.0%	3.1%	7.1%	7.1%	3.1%
Skew 10d	9.3%	6.0%	13.4%	13.4%	6.4%
Call IV 25d	31.9%	25.3%	41.3%	39.3%	26.3%
Put IV 25d	36.9%	29.0%	47.6%	46.4%	29.5%
Bid-Ask Spread %	3.48	2.00	5.22	2.73	3.39
Gamma HHI	0.16	0.10	0.59	0.14	0.11
Net GEX	8.6M	-1.7M	71.4M	4.7M	6.2M
Net DEX	-300.3M	-696.2M	113.7M	-290.4M	-338.9M
Net VEX	-10.8M	-11.1M	-10.2M	-11.0M	-10.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.43	2.15	0.72	0.80
Total Volume	100,482.591	29,646	337,772	89,927	42,869
Total OI	2,293,062.727	2,049,135	2,626,834	2,222,001	2,188,369

Daily Data (22 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
2008-04-01	$21.97	$21.00	40.8%	11.7%	38.8%	58.7%	43.5%	7.1%	-4.3%	4.7M	-290.4M	-11.0M	0.72	2.73	52,317	37,610	1,224,490	997,511
2008-04-02	$21.85	$21.00	41.1%	11.8%	38.9%	59.8%	45.8%	6.6%	-4.6%	4.2M	-250.8M	-10.9M	2.15	2.00	11,710	25,171	1,241,494	1,012,987
2008-04-03	$21.93	$21.00	40.9%	11.7%	38.9%	59.2%	43.3%	5.9%	-5.2%	4.0M	-264.2M	-10.9M	0.62	2.84	18,295	11,351	1,240,258	1,025,491
2008-04-04	$21.87	$22.00	42.9%	10.4%	38.2%	64.8%	37.1%	6.0%	-1.5%	3.7M	-225.2M	-10.8M	0.89	3.80	39,494	35,215	1,248,100	1,031,229
2008-04-07	$21.75	$22.00	48.4%	10.3%	38.3%	80.4%	37.3%	5.8%	0.1%	2.6M	-210.9M	-10.7M	2.12	5.22	19,440	41,216	1,264,249	1,049,485
2008-04-08	$21.08	$22.00	48.9%	10.7%	40.3%	81.8%	37.2%	6.4%	-1.1%	-1.2M	19.7M	-10.4M	1.08	3.86	35,641	38,406	1,266,471	1,064,969
2008-04-09	$21.42	$22.00	49.4%	10.7%	36.2%	83.1%	38.5%	5.7%	-0.9%	1.2M	-101.5M	-10.6M	1.01	2.45	46,189	46,494	1,274,375	1,060,581
2008-04-10	$22.08	$21.00	35.6%	10.2%	37.7%	44.2%	34.5%	5.1%	-1.0%	4.5M	-327.0M	-11.0M	0.47	2.91	101,099	47,254	1,283,795	1,076,600
2008-04-11	$21.24	$21.00	38.7%	11.1%	40.3%	52.8%	38.0%	5.9%	-1.1%	1.5M	-78.6M	-10.7M	0.79	3.47	58,049	45,882	1,318,338	1,085,333
2008-04-14	$20.69	$21.00	42.2%	12.1%	40.0%	62.7%	43.2%	5.5%	-3.4%	-1.7M	113.7M	-10.2M	0.89	4.04	81,355	72,726	1,314,202	1,090,460
2008-04-15	$20.91	$21.00	43.9%	12.6%	40.0%	67.5%	44.1%	6.3%	-5.0%	-174.3K	42.9M	-10.5M	0.82	4.29	185,898	151,874	1,349,237	1,121,156
2008-04-16	$22.13	$21.00	32.5%	9.3%	42.3%	35.3%	33.4%	5.0%	1.1%	16.3M	-482.6M	-10.9M	0.53	3.65	171,056	90,722	1,409,607	1,206,926
2008-04-17	$22.11	$21.00	31.3%	9.0%	40.7%	32.0%	31.0%	4.5%	2.0%	18.7M	-470.7M	-11.1M	0.51	3.46	65,816	33,785	1,433,534	1,193,300
2008-04-18	$22.55	$21.00	27.8%	8.0%	39.8%	21.9%	29.0%	4.6%	4.3%	71.4M	-696.2M	-11.1M	0.43	3.38	135,220	57,817	1,414,435	1,208,684
2008-04-21	$22.46	$21.00	28.8%	8.3%	39.4%	24.9%	28.5%	3.9%	-0.1%	8.2M	-423.8M	-11.0M	1.88	4.41	26,210	49,250	1,096,049	959,114
2008-04-22	$21.99	$21.00	28.7%	8.2%	40.1%	24.6%	28.8%	4.1%	0.4%	5.4M	-295.3M	-10.7M	1.60	3.18	18,832	30,095	1,090,261	958,874
2008-04-23	$22.56	$22.00	27.4%	7.9%	40.5%	21.0%	28.9%	4.4%	1.1%	7.5M	-441.7M	-11.0M	0.98	3.33	32,861	32,217	1,105,400	988,025
2008-04-24	$22.69	$22.00	26.5%	7.6%	38.1%	18.4%	27.3%	3.4%	1.1%	8.3M	-480.9M	-11.0M	0.83	3.17	31,992	26,418	1,111,517	1,000,367
2008-04-25	$22.56	$22.00	26.4%	7.6%	37.6%	17.9%	27.7%	4.1%	1.0%	7.4M	-446.1M	-11.0M	0.88	3.16	30,950	27,293	1,118,097	1,008,911
2008-04-28	$22.71	$22.00	26.9%	7.7%	37.3%	19.5%	28.5%	4.0%	0.4%	8.9M	-493.8M	-11.0M	0.67	4.14	32,022	21,536	1,132,038	1,014,270
2008-04-29	$22.62	$22.00	26.9%	7.7%	35.2%	19.4%	29.2%	3.6%	0.7%	8.5M	-464.5M	-11.1M	0.89	3.58	26,963	24,007	1,143,187	1,025,604
2008-04-30	$22.26	$22.00	27.9%	8.0%	35.7%	22.3%	27.7%	3.1%	0.6%	6.2M	-338.9M	-10.9M	0.80	3.39	23,767	19,102	1,151,166	1,037,203