INTC Options History — April 2014

In April 2014, INTC traded between $25.89 and $27.04. ATM implied volatility averaged 19.9%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 4.2% (HV 20d: 15.7%). 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 6 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2014-04-15: Highest Volume — 284,372 contracts
2014-04-16: Largest IV drop — 16.9% change
2014-04-07: Highest IV Rank — 47.3%
2014-04-01: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.56	$25.89	$27.04	$25.99	$26.69
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	19.9%	15.6%	24.4%	20.4%	15.6%
Expected Move	6.3%	5.2%	6.6%	6.6%	6.1%
HV 20d	15.7%	11.6%	17.5%	11.7%	17.1%
HV 60d	15.7%	14.1%	17.3%	16.6%	14.1%
IV Rank	22.3%	0.0%	47.3%	25.2%	0.0%
IV Percentile	41.5%	0.0%	81.3%	49.2%	0.0%
Term Structure	-0.5%	-1.9%	0.5%	0.1%	-0.1%
VWIV	22.9%	21.5%	25.3%	23.2%	22.4%
Skew 25d	2.4%	2.0%	3.4%	2.4%	2.0%
Skew 10d	5.1%	2.6%	7.2%	7.2%	4.6%
Call IV 25d	19.0%	15.0%	23.2%	19.7%	15.0%
Put IV 25d	21.4%	17.0%	26.5%	22.1%	17.0%
Bid-Ask Spread %	7.69	3.37	38.96	3.37	8.00
Gamma HHI	0.26	0.17	0.67	0.17	0.27
Net GEX	72.3M	47.2M	215.7M	60.0M	68.4M
Net DEX	-1.17B	-1.69B	-737.3M	-989.8M	-950.0M
Net VEX	-9.1M	-9.8M	-8.3M	-9.5M	-8.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.16	1.90	0.77	0.16
Total Volume	101,023.619	25,839	284,372	64,040	52,856
Total OI	2,002,715.667	1,724,035	2,304,227	2,015,587	1,803,879

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
2014-04-01	$25.99	$25.00	20.4%	6.6%	11.7%	25.2%	23.2%	2.4%	0.1%	60.0M	-989.8M	-9.5M	0.77	3.37	36,115	27,925	1,263,574	752,013
2014-04-02	$25.89	$25.00	20.6%	6.6%	11.6%	26.6%	22.5%	2.1%	0.0%	61.7M	-933.8M	-9.5M	1.90	4.59	19,316	36,723	1,279,886	757,711
2014-04-03	$26.41	$25.00	21.8%	6.4%	13.1%	32.9%	23.4%	2.3%	-0.2%	62.6M	-1.27B	-9.6M	0.42	7.61	142,414	59,275	1,284,195	781,692
2014-04-04	$26.16	$25.00	23.1%	6.4%	13.9%	40.1%	23.6%	2.2%	0.5%	65.7M	-1.18B	-9.7M	0.54	6.99	69,665	37,312	1,346,903	786,034
2014-04-07	$26.49	$25.00	24.4%	6.5%	14.2%	47.3%	23.4%	2.5%	-0.7%	63.8M	-1.27B	-9.7M	0.37	5.84	83,317	30,841	1,329,971	786,302
2014-04-08	$26.91	$25.00	23.8%	6.5%	14.5%	43.6%	23.9%	2.5%	-1.6%	68.5M	-1.56B	-9.8M	0.44	4.71	85,484	38,020	1,347,353	799,107
2014-04-09	$26.98	$25.00	23.6%	6.4%	14.5%	42.8%	22.7%	2.7%	-1.9%	70.1M	-1.58B	-9.7M	0.47	5.57	56,122	26,397	1,359,739	806,329
2014-04-10	$26.43	$25.00	24.3%	6.4%	16.5%	46.6%	23.8%	2.8%	-1.0%	66.1M	-1.24B	-9.7M	0.91	4.61	39,270	35,860	1,365,899	810,742
2014-04-11	$26.18	$25.00	24.3%	6.4%	17.0%	46.5%	25.3%	3.4%	-1.8%	58.7M	-1.07B	-9.5M	0.85	5.78	40,199	34,203	1,375,748	820,440
2014-04-14	$26.56	$25.00	23.1%	6.4%	17.4%	40.0%	23.4%	2.9%	-0.5%	66.8M	-1.27B	-9.5M	1.24	6.57	40,144	49,906	1,349,719	800,217
2014-04-15	$26.77	$25.00	21.8%	5.2%	17.5%	32.9%	21.5%	2.5%	-0.8%	72.1M	-1.41B	-9.3M	1.17	38.96	130,911	153,461	1,361,826	814,855
2014-04-16	$26.93	$25.00	18.1%	6.3%	17.4%	12.8%	22.9%	2.8%	-0.1%	98.5M	-1.59B	-9.2M	0.59	5.19	114,183	67,492	1,384,289	894,594
2014-04-17	$27.04	$25.00	16.5%	6.3%	16.8%	3.9%	22.7%	2.1%	0.2%	215.7M	-1.69B	-9.1M	0.34	6.40	113,692	38,429	1,395,598	908,629
2014-04-21	$26.95	$25.00	16.5%	6.2%	16.2%	4.1%	21.9%	2.4%	-0.7%	66.5M	-1.15B	-8.7M	0.73	4.58	32,719	23,852	1,132,329	599,286
2014-04-22	$26.84	$25.00	16.0%	6.2%	16.3%	1.4%	22.3%	2.7%	-0.6%	65.8M	-1.09B	-8.7M	0.62	7.44	22,502	14,024	1,144,359	610,244
2014-04-23	$26.75	$25.00	16.5%	6.2%	16.0%	4.0%	22.3%	2.1%	-0.5%	66.3M	-1.05B	-8.6M	0.97	6.34	18,831	18,310	1,153,877	614,538
2014-04-24	$26.75	$25.00	16.8%	6.2%	15.9%	5.3%	21.8%	2.3%	-0.6%	65.9M	-1.04B	-8.7M	0.55	8.52	16,724	9,115	1,154,587	627,540
2014-04-25	$26.26	$25.00	16.7%	6.2%	17.5%	4.8%	21.8%	2.3%	-0.2%	52.5M	-765.0M	-8.4M	0.23	6.72	133,091	30,671	1,157,922	631,263
2014-04-28	$26.33	$25.00	16.8%	6.2%	17.1%	5.8%	22.5%	2.2%	0.1%	47.2M	-737.3M	-8.3M	0.47	6.34	35,533	16,740	1,094,276	629,759
2014-04-29	$26.48	$25.00	16.0%	6.2%	17.0%	1.1%	22.7%	2.1%	0.3%	55.5M	-819.4M	-8.3M	0.42	7.29	63,474	26,378	1,106,630	633,175
2014-04-30	$26.69	$25.00	15.6%	6.1%	17.1%	0.0%	22.4%	2.0%	-0.1%	68.4M	-950.0M	-8.5M	0.16	8.00	45,430	7,426	1,149,231	654,648