INTC Options History — July 2008

In July 2008, INTC traded between $19.81 and $22.30. ATM implied volatility averaged 39.2%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 3.1% (HV 20d: 36.1%). Max pain ranged from $21.00 to $22.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2008-07-15: Highest Volume — 295,402 contracts
  • 2008-07-10: Largest IV drop — 28.8% change
  • 2008-07-09: Highest IV Rank — 100.0%
  • 2008-07-02: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.39$19.81$22.30$21.57$22.19
Max Pain$21.52$21.00$22.50$22.50$21.00
ATM IV39.2%29.3%60.4%46.4%33.0%
Expected Move10.7%8.4%13.8%13.3%9.4%
HV 20d36.1%30.4%40.1%34.0%35.7%
HV 60d32.8%31.8%34.2%33.4%32.4%
IV Rank48.8%21.5%100.0%74.0%30.7%
IV Percentile70.8%36.5%100.0%96.8%60.3%
Term Structure-1.2%-8.5%3.0%-8.5%1.1%
VWIV37.8%29.8%48.4%45.4%33.7%
Skew 25d4.9%3.7%6.1%6.1%5.2%
Skew 10d8.4%5.4%12.2%12.2%8.5%
Call IV 25d35.3%27.0%46.4%42.4%30.6%
Put IV 25d40.2%31.8%52.0%48.5%35.8%
Bid-Ask Spread %3.262.354.643.262.94
Gamma HHI0.130.100.220.130.10
Net GEX6.1M-1.8M19.3M3.5M11.1M
Net DEX-61.6M-376.7M422.0M-41.7M-376.7M
Net VEX-8.8M-9.3M-8.1M-9.3M-9.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.391.420.480.46
Total Volume83,956.90922,926295,40238,02267,263
Total OI2,132,721.3181,829,0992,424,2362,164,3251,999,264

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-07-01$21.57$22.5046.4%13.3%34.0%74.0%45.4%6.1%-8.5%3.5M-41.7M-9.3M0.483.2625,74612,2761,174,685989,640
2008-07-02$20.93$22.5048.1%13.8%33.8%79.0%47.7%5.9%-7.4%1.2M148.7M-8.9M0.822.7928,88723,6291,182,927990,829
2008-07-03$20.66$22.5047.8%13.7%32.9%78.1%48.4%5.6%-7.3%19.9K232.8M-8.7M0.733.2026,34819,1551,191,117998,870
2008-07-07$20.71$22.0053.1%11.9%30.4%93.5%41.9%4.9%-2.2%828.0K215.7M-8.5M0.592.8048,23828,4171,202,982994,855
2008-07-08$20.92$22.0052.8%11.8%30.9%92.5%42.0%5.7%-2.1%2.2M138.8M-8.8M0.912.7034,49531,4131,217,601996,483
2008-07-09$19.81$22.0060.4%12.8%35.7%100.0%44.0%3.8%-3.4%-1.8M422.0M-8.1M0.782.9579,60961,7031,226,7271,011,766
2008-07-10$20.62$22.0043.0%12.3%37.2%56.1%44.2%5.5%-2.9%1.4M181.9M-8.7M0.733.7868,14349,5811,253,9201,037,212
2008-07-11$20.64$22.0043.7%12.5%36.9%57.7%44.0%4.8%-3.1%1.4M177.7M-8.7M1.033.2434,17635,2301,263,4571,044,660
2008-07-14$20.47$22.0045.9%13.2%35.1%63.4%44.8%4.5%-4.1%418.7K235.0M-8.4M0.463.5740,22618,4261,263,4891,051,588
2008-07-15$20.71$21.0043.1%12.4%35.2%56.3%43.1%5.8%-3.5%1.9M193.9M-8.4M0.954.03151,329144,0731,273,5641,043,979
2008-07-16$20.91$21.0034.9%10.0%35.5%35.5%35.9%5.0%2.2%6.4M139.6M-8.4M0.504.07118,26059,1011,323,0831,097,466
2008-07-17$21.99$21.0033.3%9.5%40.1%31.4%34.3%4.8%2.6%19.3M-335.5M-9.0M0.614.6489,93254,7171,344,3681,073,780
2008-07-18$22.09$21.0032.5%9.3%39.0%29.4%33.0%5.3%3.0%18.5M-329.3M-9.1M0.683.9633,10722,3721,338,3911,085,845
2008-07-21$22.09$21.0031.7%9.1%38.3%27.4%31.5%5.1%0.2%6.8M-283.6M-8.8M0.493.5629,68714,4511,014,879814,220
2008-07-22$22.09$21.0029.7%8.5%38.3%22.4%30.1%5.2%1.3%7.6M-268.8M-8.8M0.612.6426,61916,3061,028,371812,193
2008-07-23$22.30$21.0029.3%8.4%38.5%21.5%29.8%4.8%0.5%8.0M-340.3M-8.9M0.392.3569,17727,1381,034,641822,234
2008-07-24$21.67$21.0030.9%8.9%39.5%25.4%31.7%4.5%1.4%8.2M-206.1M-8.9M1.253.4631,80939,7171,075,763835,243
2008-07-25$22.01$21.0029.8%8.5%36.0%22.7%30.1%4.0%1.5%9.1M-307.7M-9.0M0.522.9115,0497,8771,086,895850,948
2008-07-28$21.67$21.0031.7%9.1%36.5%27.5%32.9%4.1%1.4%8.2M-221.2M-8.8M0.523.3328,14314,5041,088,064848,734
2008-07-29$22.23$21.0030.6%8.8%37.5%24.6%31.2%3.7%1.9%11.0M-366.5M-9.1M1.422.6825,13835,6701,103,307852,812
2008-07-30$22.23$22.0031.0%8.9%37.5%25.7%31.6%4.0%1.8%10.1M-363.0M-9.2M0.672.8035,78624,1291,106,923872,094
2008-07-31$22.19$21.0033.0%9.4%35.7%30.7%33.7%5.2%1.1%11.1M-376.7M-9.2M0.462.9446,18621,0771,125,104874,160