INTC Options History — January 2014

In January 2014, INTC traded between $24.54 and $26.67. ATM implied volatility averaged 21.4%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 3.7% (HV 20d: 17.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.82.

Notable Days

2014-01-16: Highest Volume — 543,058 contracts
2014-01-16: Largest IV drop — 24.9% change
2014-01-15: Highest IV Rank — 63.3%
2014-01-03: Largest Expected Move — 6.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.45	$24.54	$26.67	$25.79	$24.54
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	21.4%	17.3%	27.3%	23.3%	20.0%
Expected Move	6.7%	6.5%	6.9%	6.9%	6.6%
HV 20d	17.7%	12.6%	20.8%	16.0%	20.3%
HV 60d	19.9%	18.5%	20.8%	19.2%	20.8%
IV Rank	31.1%	8.9%	63.3%	41.4%	23.9%
IV Percentile	55.9%	17.5%	94.4%	75.4%	45.6%
Term Structure	-0.7%	-4.5%	8.9%	-0.0%	0.3%
VWIV	23.7%	22.2%	25.0%	24.2%	23.4%
Skew 25d	2.7%	1.5%	14.6%	2.0%	2.3%
Skew 10d	4.3%	2.8%	6.3%	3.8%	4.0%
Call IV 25d	20.3%	15.0%	25.9%	22.9%	19.4%
Put IV 25d	23.1%	18.4%	29.7%	24.9%	21.8%
Bid-Ask Spread %	9.39	4.38	21.83	8.20	5.10
Gamma HHI	0.20	0.11	0.47	0.20	0.11
Net GEX	41.5M	3.6M	95.2M	58.2M	3.6M
Net DEX	-728.8M	-1.76B	-33.8M	-1.11B	-33.8M
Net VEX	-7.8M	-8.1M	-7.5M	-8.0M	-7.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.31	1.90	0.78	1.01
Total Volume	166,496.429	39,983	543,058	148,097	79,823
Total OI	2,236,396.286	1,700,068	3,044,299	2,376,868	1,849,336

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
2014-01-02	$25.79	$25.00	23.3%	6.9%	16.0%	41.4%	24.2%	2.0%	-0.0%	58.2M	-1.11B	-8.0M	0.78	8.20	83,308	64,789	1,256,661	1,120,207
2014-01-03	$25.78	$25.00	22.4%	6.9%	16.0%	36.7%	24.6%	2.1%	-0.0%	57.1M	-1.14B	-8.1M	0.56	9.17	55,492	31,029	1,293,243	1,151,931
2014-01-06	$25.46	$25.00	23.7%	6.9%	15.6%	43.7%	24.5%	2.8%	-1.8%	50.6M	-957.7M	-7.7M	1.90	7.37	53,002	100,488	1,278,949	1,148,683
2014-01-07	$25.59	$25.00	23.2%	6.9%	13.7%	40.9%	24.5%	2.8%	-3.0%	55.1M	-976.7M	-7.8M	0.67	7.77	26,538	17,703	1,286,042	1,212,832
2014-01-08	$25.43	$25.00	23.3%	6.8%	13.9%	41.7%	23.6%	2.5%	-1.7%	46.6M	-850.3M	-7.7M	0.83	10.03	54,746	45,625	1,292,710	1,154,378
2014-01-09	$25.31	$25.00	23.3%	6.7%	14.0%	41.7%	23.5%	2.2%	-1.9%	43.4M	-795.9M	-7.7M	0.50	8.34	52,756	26,571	1,316,385	1,168,682
2014-01-10	$25.53	$25.00	23.0%	6.7%	12.6%	39.8%	25.0%	2.2%	-3.3%	61.4M	-982.0M	-7.6M	0.93	11.39	58,337	54,437	1,327,313	1,186,205
2014-01-13	$25.50	$25.00	23.5%	6.8%	12.7%	42.9%	24.7%	1.6%	-2.6%	49.7M	-918.1M	-7.5M	0.38	4.95	116,231	44,129	1,295,447	1,188,709
2014-01-14	$26.51	$25.00	26.1%	6.7%	17.7%	56.7%	23.6%	2.4%	-4.3%	66.5M	-1.60B	-7.5M	0.59	13.36	306,142	181,892	1,336,054	1,208,795
2014-01-15	$26.67	$25.00	27.3%	6.7%	17.7%	63.3%	23.4%	2.3%	-4.5%	63.2M	-1.76B	-7.9M	1.08	4.38	181,910	195,754	1,423,039	1,306,036
2014-01-16	$26.54	$25.00	20.5%	6.7%	17.9%	26.6%	24.1%	14.6%	8.9%	51.0M	-1.55B	-8.1M	0.72	21.83	315,786	227,272	1,457,356	1,399,651
2014-01-17	$25.85	$25.00	18.8%	6.7%	19.8%	17.2%	24.1%	1.5%	-0.9%	95.2M	-928.9M	-8.0M	1.31	9.01	198,445	260,368	1,559,326	1,484,973
2014-01-21	$25.59	$25.00	17.3%	6.5%	20.2%	8.9%	23.5%	1.9%	0.6%	35.8M	-482.4M	-7.8M	0.81	9.93	62,653	50,789	1,014,491	685,577
2014-01-22	$25.31	$25.00	17.4%	6.6%	20.6%	9.5%	23.3%	2.1%	0.3%	28.3M	-345.8M	-7.8M	0.44	5.68	46,545	20,621	1,037,200	707,171
2014-01-23	$25.13	$25.00	18.0%	6.5%	20.5%	12.9%	23.7%	1.6%	0.1%	24.0M	-259.0M	-7.7M	0.75	11.10	53,182	40,017	1,053,626	712,561
2014-01-24	$24.81	$25.00	19.4%	6.6%	20.8%	20.2%	22.9%	1.9%	0.1%	18.1M	-113.5M	-7.8M	1.37	7.42	52,316	71,579	1,061,182	723,571
2014-01-27	$24.72	$25.00	19.6%	6.6%	20.4%	21.7%	22.3%	1.5%	-0.6%	14.0M	-95.2M	-7.8M	1.08	15.83	32,292	34,786	1,040,890	730,395
2014-01-28	$24.90	$25.00	19.1%	6.5%	20.6%	18.8%	22.2%	2.2%	-0.0%	17.6M	-161.5M	-8.0M	0.31	13.18	88,935	27,288	1,047,842	742,379
2014-01-29	$24.68	$25.00	20.0%	6.6%	20.3%	23.7%	23.4%	2.3%	-0.6%	15.1M	-119.2M	-7.9M	0.65	6.15	25,917	16,949	1,112,117	748,938
2014-01-30	$24.74	$25.00	19.5%	6.6%	20.3%	21.1%	22.7%	2.2%	0.1%	16.6M	-124.6M	-8.0M	0.47	6.98	27,239	12,744	1,090,407	753,032
2014-01-31	$24.54	$25.00	20.0%	6.6%	20.3%	23.9%	23.4%	2.3%	0.3%	3.6M	-33.8M	-7.9M	1.01	5.10	39,675	40,148	1,093,927	755,409