INTC Options History — May 2013

In May 2013, INTC traded between $23.84 and $24.50. ATM implied volatility averaged 19.8%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.2% (HV 20d: 16.6%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.59.

Notable Days

2013-05-02: Highest Volume — 1,544,438 contracts
2013-05-02: Largest IV drop — 26.0% change
2013-05-01: Highest IV Rank — 62.4%
2013-05-31: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.11	$23.84	$24.50	$23.99	$24.28
Max Pain	$22.95	$22.00	$24.00	$22.00	$23.00
ATM IV	19.8%	16.6%	28.1%	28.1%	20.9%
Expected Move	5.4%	5.2%	6.0%	5.5%	6.0%
HV 20d	16.6%	12.3%	22.3%	22.3%	12.3%
HV 60d	19.3%	18.4%	20.2%	19.7%	18.4%
IV Rank	26.1%	8.7%	62.4%	62.4%	33.6%
IV Percentile	25.6%	3.6%	92.9%	92.9%	38.5%
Term Structure	1.8%	0.1%	2.5%	0.3%	2.2%
VWIV	20.1%	18.3%	35.4%	21.5%	21.6%
Skew 25d	2.4%	1.3%	3.8%	2.6%	1.3%
Skew 10d	5.1%	2.1%	8.1%	6.2%	2.1%
Call IV 25d	18.4%	17.4%	21.2%	19.0%	21.2%
Put IV 25d	20.8%	20.0%	22.5%	21.6%	22.5%
Bid-Ask Spread %	3.67	2.12	7.06	2.62	7.06
Gamma HHI	0.23	0.16	0.33	0.16	0.33
Net GEX	35.7M	22.8M	51.3M	35.2M	37.5M
Net DEX	-734.4M	-1.01B	-565.7M	-926.7M	-795.1M
Net VEX	-8.4M	-8.9M	-8.0M	-8.4M	-8.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.02	1.54	0.45	0.43
Total Volume	163,197.545	60,399	1,544,438	112,500	161,294
Total OI	2,043,634.182	1,890,612	2,140,254	2,034,012	2,140,254

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
2013-05-01	$23.99	$22.00	28.1%	5.5%	22.3%	62.4%	21.5%	2.6%	0.3%	35.2M	-926.7M	-8.4M	0.45	2.62	77,411	35,089	1,061,467	972,545
2013-05-02	$24.11	$22.00	20.8%	5.4%	22.3%	28.4%	35.4%	3.8%	1.2%	51.3M	-1.01B	-8.5M	0.02	2.99	1,509,600	34,838	1,085,464	971,198
2013-05-03	$23.96	$24.00	19.7%	5.2%	22.0%	23.5%	19.4%	2.2%	0.1%	39.5M	-671.7M	-8.2M	0.62	2.12	66,996	41,644	947,070	979,529
2013-05-06	$23.91	$23.00	22.6%	5.4%	22.2%	36.8%	18.7%	2.2%	1.8%	32.6M	-657.0M	-8.1M	0.28	3.09	93,166	26,444	948,516	966,941
2013-05-07	$24.15	$23.00	22.6%	5.4%	20.3%	36.8%	19.1%	2.4%	1.5%	43.3M	-786.7M	-8.1M	1.54	4.73	46,466	71,548	1,001,184	973,971
2013-05-08	$24.25	$23.00	18.7%	5.5%	19.2%	18.5%	19.6%	2.7%	1.2%	39.0M	-777.2M	-8.4M	0.69	5.08	35,647	24,752	1,004,001	1,017,406
2013-05-09	$24.36	$23.00	17.7%	5.5%	17.0%	14.1%	19.1%	2.7%	1.5%	44.3M	-862.0M	-8.0M	1.02	4.75	49,037	50,185	1,009,288	1,030,255
2013-05-10	$24.50	$23.00	16.6%	5.3%	16.3%	8.7%	18.5%	2.6%	1.8%	42.7M	-932.5M	-8.0M	0.43	3.74	51,089	22,095	1,007,624	1,040,333
2013-05-13	$24.08	$23.00	20.2%	5.4%	16.9%	29.7%	18.7%	2.3%	1.8%	35.5M	-698.9M	-8.3M	0.50	3.62	70,470	34,919	1,000,858	1,035,647
2013-05-14	$23.84	$23.00	20.1%	5.4%	16.2%	28.8%	19.1%	2.2%	1.7%	30.9M	-565.7M	-8.2M	0.80	3.15	54,101	43,264	1,013,420	1,053,322
2013-05-15	$24.20	$23.00	18.5%	5.3%	16.6%	20.6%	18.6%	2.6%	1.9%	37.3M	-776.1M	-8.0M	0.98	3.49	43,324	42,448	1,034,604	1,075,016
2013-05-16	$23.94	$23.00	18.4%	5.3%	17.1%	20.1%	18.6%	2.3%	2.2%	22.8M	-573.4M	-8.2M	0.49	2.70	49,618	24,300	1,022,316	1,092,837
2013-05-17	$24.04	$23.00	18.2%	5.2%	17.0%	18.6%	18.3%	2.7%	2.3%	28.2M	-651.8M	-8.5M	0.47	3.72	58,437	27,401	1,036,426	1,092,943
2013-05-20	$24.08	$23.00	18.8%	5.4%	16.0%	21.8%	18.9%	2.6%	2.5%	28.1M	-654.2M	-8.3M	0.36	3.47	97,299	34,594	958,184	932,428
2013-05-21	$24.15	$23.00	18.8%	5.4%	14.3%	22.0%	19.3%	2.2%	2.3%	33.1M	-707.3M	-8.6M	0.48	2.68	48,319	23,336	1,020,776	953,632
2013-05-22	$24.07	$23.00	19.2%	5.5%	13.8%	24.1%	19.6%	2.6%	2.2%	32.9M	-667.3M	-8.7M	0.52	3.29	107,728	56,525	1,038,896	963,875
2013-05-23	$24.05	$23.00	18.9%	5.4%	13.0%	22.5%	19.1%	2.1%	2.4%	31.8M	-656.0M	-8.9M	0.50	3.51	51,483	25,759	1,077,975	993,579
2013-05-24	$23.92	$23.00	18.6%	5.3%	13.3%	20.9%	18.9%	2.0%	2.4%	26.0M	-586.2M	-8.8M	0.78	3.30	46,580	36,308	1,093,342	998,793
2013-05-28	$24.08	$23.00	19.1%	5.5%	12.4%	23.5%	19.5%	2.4%	2.2%	34.9M	-665.1M	-8.8M	0.58	3.99	40,699	23,405	1,087,563	997,614
2013-05-29	$24.27	$23.00	20.4%	5.9%	12.3%	30.8%	20.5%	1.7%	2.0%	38.2M	-777.7M	-8.9M	0.74	4.13	46,289	34,181	1,099,474	1,002,733
2013-05-30	$24.21	$23.00	19.8%	5.7%	12.4%	27.5%	19.6%	2.6%	2.3%	39.6M	-757.7M	-8.8M	0.35	3.52	53,607	18,651	1,107,651	1,019,002
2013-05-31	$24.28	$23.00	20.9%	6.0%	12.3%	33.6%	21.6%	1.3%	2.2%	37.5M	-795.1M	-8.8M	0.43	7.06	112,952	48,342	1,116,838	1,023,416