INTC Options History — March 2009

In March 2009, INTC traded between $12.28 and $15.82. ATM implied volatility averaged 54.1%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 4.1% (HV 20d: 58.2%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2009-03-12: Highest Volume — 130,663 contracts
  • 2009-03-10: Largest IV drop — 18.9% change
  • 2009-03-02: Highest IV Rank — 28.8%
  • 2009-03-06: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.20$12.28$15.82$12.31$15.03
Max Pain$13.91$13.00$15.00$13.00$14.00
ATM IV54.1%47.3%61.0%61.0%57.9%
Expected Move15.7%14.0%17.7%17.5%16.6%
HV 20d58.2%49.7%63.6%54.1%61.8%
HV 60d54.8%52.1%57.0%55.0%56.6%
IV Rank23.7%18.6%28.8%28.8%26.5%
IV Percentile69.3%56.0%83.3%83.3%75.8%
Term Structure-2.5%-5.9%3.7%-0.2%-5.3%
VWIV55.0%51.6%60.1%58.1%57.4%
Skew 25d8.6%6.8%10.2%7.5%9.7%
Skew 10d16.7%12.8%20.8%12.8%16.8%
Call IV 25d51.2%45.8%58.8%56.5%52.8%
Put IV 25d59.8%55.1%67.4%64.0%62.4%
Bid-Ask Spread %2.991.814.812.042.87
Gamma HHI0.190.140.330.140.16
Net GEX6.4M2.3M10.0M2.5M6.0M
Net DEX-84.5M-342.6M179.3M167.9M-137.7M
Net VEX-3.6M-4.2M-2.9M-2.9M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.211.400.440.99
Total Volume71,011.31832,044130,66352,29139,844
Total OI1,492,363.5451,373,5741,628,2481,393,7811,523,311

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-03-02$12.31$13.0061.0%17.5%54.1%28.8%58.1%7.5%-0.2%2.5M167.9M-2.9M0.442.0436,24216,049837,943555,838
2009-03-03$12.28$13.0058.2%16.7%49.7%26.8%57.1%6.8%2.3%2.3M179.3M-2.9M0.214.8142,4808,787845,297559,460
2009-03-04$12.76$13.0052.6%15.1%51.9%22.6%53.9%7.3%3.7%3.8M131.9M-3.1M1.383.1225,05834,490864,943562,179
2009-03-05$12.31$13.0059.9%17.2%52.8%28.0%57.5%8.5%1.4%2.7M172.3M-2.9M0.653.8119,45412,590861,312569,770
2009-03-06$12.41$14.0059.2%17.7%51.7%27.5%58.2%7.6%-5.3%2.8M168.2M-2.9M0.573.7432,24218,322863,802574,417
2009-03-09$12.55$14.0060.4%17.5%50.0%28.4%60.1%8.6%-5.9%3.3M154.4M-3.0M0.422.9231,51113,143872,375576,539
2009-03-10$13.92$14.0049.0%15.8%63.6%19.9%54.9%7.8%-2.8%7.5M-41.4M-3.5M0.232.3198,90922,371884,124581,873
2009-03-11$13.96$14.0047.3%15.2%60.3%18.6%55.2%8.9%-2.2%8.4M-68.8M-3.5M0.412.2460,22124,663906,068586,006
2009-03-12$14.52$14.0049.6%14.2%62.0%20.4%51.7%8.7%-1.6%9.7M-190.2M-3.7M1.152.8860,73069,933922,708594,386
2009-03-13$14.70$14.0050.2%14.4%62.0%20.8%52.7%8.3%-2.6%9.5M-204.4M-3.7M0.652.3239,10125,562925,964634,166
2009-03-16$14.25$14.0053.6%15.4%63.0%23.3%52.7%9.0%-3.6%9.0M-111.7M-3.5M1.053.5533,13534,847930,641636,854
2009-03-17$14.90$14.0049.7%14.3%61.8%20.4%52.9%8.5%-2.0%9.9M-251.3M-3.7M0.352.4166,55323,219939,958647,568
2009-03-18$15.24$14.0051.6%14.8%62.1%21.8%51.8%8.0%-2.7%10.0M-342.6M-3.9M0.523.9271,40337,458953,883659,579
2009-03-19$15.15$14.0053.0%15.2%58.3%22.9%54.2%9.1%-3.4%9.7M-294.1M-3.9M0.572.4842,39724,308948,146680,102
2009-03-20$14.65$14.0053.5%15.3%60.2%23.2%54.4%9.7%-3.0%8.9M-183.5M-3.8M0.691.8148,80733,640946,133678,094
2009-03-23$15.52$14.0048.8%14.0%57.9%19.7%51.6%10.2%-3.7%6.1M-201.3M-4.0M0.561.8749,99928,183802,515571,059
2009-03-24$15.07$14.0053.5%15.3%57.7%23.2%53.2%9.2%-3.7%5.6M-138.0M-3.9M0.862.9738,48033,074825,939589,872
2009-03-25$14.94$14.0054.2%15.5%57.8%23.7%54.8%9.8%-3.5%5.4M-124.3M-4.0M0.443.6052,60223,143840,316607,484
2009-03-26$15.82$14.0052.0%14.9%59.1%22.1%53.4%9.8%-3.5%6.7M-266.3M-4.2M0.772.4644,49634,219853,608615,433
2009-03-27$15.42$15.0055.7%16.0%60.5%24.9%54.9%8.5%-2.9%6.3M-203.3M-4.2M1.403.4015,84822,126866,193629,038
2009-03-30$14.72$15.0058.9%16.9%61.8%27.3%59.7%8.3%-4.9%5.0M-74.4M-4.0M1.244.2232,47040,140867,727639,375
2009-03-31$15.03$14.0057.9%16.6%61.8%26.5%57.4%9.7%-5.3%6.0M-137.7M-4.1M0.992.8720,05719,787882,823640,488