INTC Options History — December 2013

In December 2013, INTC traded between $23.55 and $25.96. ATM implied volatility averaged 19.8%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 3.8% (HV 20d: 23.6%). Max pain ranged from $22.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.61.

Notable Days

2013-12-09: Highest Volume — 240,248 contracts
2013-12-12: Largest IV spike — 11.0% change
2013-12-16: Highest IV Rank — 37.9%
2013-12-17: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.82	$23.55	$25.96	$23.70	$25.96
Max Pain	$22.71	$22.00	$25.00	$22.00	$25.00
ATM IV	19.8%	16.8%	22.6%	16.8%	21.3%
Expected Move	6.9%	6.8%	7.1%	6.8%	6.8%
HV 20d	23.6%	16.0%	28.1%	24.5%	16.0%
HV 60d	19.5%	19.1%	20.5%	19.7%	19.1%
IV Rank	22.7%	6.3%	37.9%	6.3%	31.1%
IV Percentile	42.2%	7.5%	67.9%	7.5%	61.1%
Term Structure	1.4%	-1.5%	4.6%	3.1%	-1.4%
VWIV	24.7%	23.6%	26.1%	23.6%	24.4%
Skew 25d	2.1%	1.4%	3.1%	1.5%	2.2%
Skew 10d	4.5%	3.3%	7.2%	3.3%	4.6%
Call IV 25d	19.3%	16.4%	22.4%	16.5%	20.8%
Put IV 25d	21.5%	18.0%	25.5%	18.0%	23.0%
Bid-Ask Spread %	7.03	3.27	12.26	3.27	6.59
Gamma HHI	0.29	0.15	0.74	0.18	0.21
Net GEX	71.4M	9.7M	297.5M	16.8M	59.4M
Net DEX	-773.7M	-1.23B	20.4M	-49.4M	-1.22B
Net VEX	-8.1M	-8.6M	-7.7M	-7.7M	-7.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.16	1.60	0.50	0.51
Total Volume	93,335.286	34,585	240,248	74,841	135,844
Total OI	2,458,566.476	2,265,828	2,611,321	2,380,924	2,325,177

Daily Data (21 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
2013-12-02	$23.70	$22.00	16.8%	6.8%	24.5%	6.3%	23.6%	1.5%	3.1%	16.8M	-49.4M	-7.7M	0.50	3.27	50,044	24,797	1,288,127	1,092,797
2013-12-03	$23.55	$22.00	16.9%	6.8%	24.6%	7.2%	25.0%	1.6%	3.0%	9.7M	20.4M	-7.7M	0.52	5.24	26,942	13,944	1,315,141	1,097,920
2013-12-04	$23.74	$22.00	17.2%	6.8%	24.6%	8.7%	25.8%	1.8%	3.4%	16.3M	-77.2M	-7.8M	1.60	5.82	22,518	36,118	1,316,579	1,103,134
2013-12-05	$24.26	$22.00	17.5%	6.8%	25.7%	10.1%	24.8%	1.6%	4.4%	51.0M	-466.7M	-8.3M	0.45	5.02	74,288	33,458	1,324,317	1,120,800
2013-12-06	$24.82	$22.00	17.1%	7.0%	26.7%	8.0%	24.5%	1.6%	3.9%	65.6M	-883.0M	-8.5M	0.41	4.21	157,917	64,288	1,342,236	1,131,365
2013-12-09	$24.93	$22.00	17.3%	6.9%	26.7%	9.2%	25.0%	1.4%	3.8%	70.2M	-892.9M	-8.4M	0.37	3.89	175,750	64,498	1,311,913	1,137,117
2013-12-10	$24.82	$22.00	17.8%	6.9%	26.8%	11.9%	25.3%	1.4%	4.1%	77.6M	-849.6M	-8.6M	0.98	4.02	26,299	25,854	1,394,736	1,155,601
2013-12-11	$24.42	$22.00	18.2%	6.9%	27.2%	14.0%	26.1%	2.1%	4.6%	57.4M	-584.0M	-8.3M	0.67	4.54	32,631	21,727	1,391,439	1,159,942
2013-12-12	$24.47	$22.00	20.2%	7.0%	27.1%	24.9%	25.1%	1.9%	3.7%	62.4M	-656.5M	-8.4M	0.53	3.97	22,536	12,049	1,395,173	1,166,962
2013-12-13	$24.29	$22.00	20.5%	7.0%	27.1%	26.2%	24.5%	1.8%	4.3%	43.8M	-456.4M	-8.1M	0.34	3.93	54,793	18,819	1,398,623	1,168,149
2013-12-16	$24.45	$22.00	22.6%	7.0%	27.1%	37.9%	24.5%	2.9%	-1.5%	62.4M	-585.8M	-8.1M	0.16	6.81	58,001	9,216	1,400,713	1,162,360
2013-12-17	$24.66	$22.00	22.3%	7.1%	27.3%	36.1%	24.5%	3.1%	-1.5%	82.5M	-780.0M	-8.1M	0.53	8.94	27,430	14,652	1,412,301	1,165,401
2013-12-18	$25.15	$22.00	22.1%	7.0%	28.1%	35.3%	24.3%	3.0%	-0.9%	122.9M	-1.23B	-8.1M	0.37	10.79	105,342	39,219	1,421,756	1,171,730
2013-12-19	$25.14	$22.00	22.1%	6.9%	28.0%	35.2%	24.7%	3.0%	-0.5%	127.4M	-1.16B	-8.1M	1.01	10.13	48,932	49,476	1,414,453	1,175,041
2013-12-20	$25.06	$22.00	20.8%	6.9%	26.3%	28.0%	25.1%	2.6%	-0.4%	297.5M	-1.17B	-7.9M	0.40	9.96	116,128	46,889	1,414,436	1,196,885
2013-12-23	$25.32	$22.00	20.5%	6.8%	16.7%	26.3%	24.0%	2.2%	-0.2%	50.6M	-906.9M	-7.9M	1.33	8.82	38,925	51,927	1,196,586	1,069,242
2013-12-24	$25.43	$25.00	21.1%	6.8%	16.4%	29.6%	24.9%	2.4%	-0.6%	50.6M	-956.9M	-8.0M	0.27	12.26	61,027	16,690	1,207,163	1,096,621
2013-12-26	$25.70	$25.00	21.3%	6.8%	16.3%	30.7%	24.2%	2.4%	-0.4%	58.5M	-1.12B	-8.0M	0.59	11.80	39,816	23,503	1,227,332	1,103,489
2013-12-27	$25.60	$25.00	21.3%	6.8%	16.4%	31.0%	24.9%	2.2%	-0.9%	55.7M	-1.07B	-8.0M	0.46	9.27	33,818	15,532	1,231,205	1,109,674
2013-12-30	$25.85	$25.00	21.1%	6.9%	16.4%	29.6%	24.5%	2.1%	-1.2%	60.4M	-1.16B	-7.8M	0.85	8.26	37,042	31,362	1,214,780	1,101,480
2013-12-31	$25.96	$25.00	21.3%	6.8%	16.0%	31.1%	24.4%	2.2%	-1.4%	59.4M	-1.22B	-7.9M	0.51	6.59	90,144	45,700	1,224,067	1,101,110