INTC Options History — April 2020

In April 2020, INTC traded between $51.81 and $61.90. ATM implied volatility averaged 49.2%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 17.6% (HV 20d: 66.8%). Max pain ranged from $55.00 to $59.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.69.

Notable Days

2020-04-24: Highest Volume — 291,085 contracts
2020-04-24: Largest IV drop — 20.7% change
2020-04-01: Highest IV Rank — 63.7%
2020-04-01: Largest Expected Move — 18.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.40	$51.81	$61.90	$51.81	$60.19
Max Pain	$57.81	$55.00	$59.50	$55.00	$59.00
ATM IV	49.2%	32.9%	63.2%	63.2%	36.3%
Expected Move	14.1%	9.7%	18.6%	18.6%	10.6%
HV 20d	66.8%	54.0%	85.8%	84.4%	54.0%
HV 60d	61.5%	58.1%	62.6%	58.1%	62.6%
IV Rank	43.5%	20.0%	63.7%	63.7%	25.0%
IV Percentile	89.6%	78.6%	95.6%	95.6%	84.1%
Term Structure	-1.6%	-5.1%	0.3%	-2.4%	0.3%
VWIV	49.2%	34.3%	65.4%	65.4%	37.4%
Skew 25d	11.2%	5.4%	15.5%	14.4%	5.7%
Skew 10d	21.6%	11.0%	31.2%	31.2%	11.6%
Call IV 25d	43.9%	30.9%	57.3%	57.3%	34.1%
Put IV 25d	55.1%	36.3%	71.7%	71.7%	39.8%
Bid-Ask Spread %	4.89	3.16	9.21	9.21	3.95
Gamma HHI	0.08	0.06	0.10	0.07	0.10
Net GEX	34.6M	4.7M	65.9M	4.7M	47.3M
Net DEX	-811.2M	-1.52B	311.2M	311.2M	-1.05B
Net VEX	-13.1M	-14.2M	-11.3M	-11.3M	-13.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.38	1.21	1.11	0.70
Total Volume	99,719.429	54,071	291,085	57,357	66,704
Total OI	1,489,187.714	1,350,574	1,624,084	1,404,804	1,594,612

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
2020-04-01	$51.81	$55.00	63.2%	18.6%	84.4%	63.7%	65.4%	14.4%	-2.4%	4.7M	311.2M	-11.3M	1.11	9.21	27,239	30,118	811,283	593,521
2020-04-02	$54.06	$57.50	59.4%	15.9%	85.8%	58.3%	55.4%	15.5%	-0.2%	14.0M	-26.9M	-12.0M	0.83	8.07	39,194	32,685	821,090	601,100
2020-04-03	$53.59	$57.50	58.8%	16.2%	85.5%	57.4%	56.7%	15.0%	-1.0%	12.7M	47.3M	-12.1M	1.21	5.89	31,814	38,467	840,454	611,378
2020-04-06	$57.86	$57.50	50.5%	13.9%	85.8%	45.4%	47.8%	14.2%	-1.6%	29.3M	-718.9M	-12.9M	0.59	5.16	33,951	20,120	820,660	601,932
2020-04-07	$59.44	$57.50	53.1%	14.2%	85.7%	49.2%	51.4%	14.5%	-3.2%	36.7M	-1.08B	-13.5M	0.81	6.03	54,298	43,951	830,623	608,463
2020-04-08	$58.56	$57.50	51.9%	14.6%	85.2%	47.4%	49.0%	14.6%	-1.0%	31.0M	-842.7M	-13.2M	0.66	5.45	35,353	23,386	834,931	625,393
2020-04-09	$56.66	$57.50	54.2%	14.5%	76.7%	50.8%	51.0%	14.2%	-5.1%	20.1M	-412.5M	-12.8M	0.70	5.53	64,903	45,144	857,763	635,735
2020-04-13	$58.38	$57.50	51.5%	14.7%	73.1%	46.8%	49.5%	13.8%	-2.5%	31.4M	-796.6M	-13.0M	0.78	3.72	34,718	27,057	853,074	625,090
2020-04-14	$60.50	$57.50	47.2%	13.4%	67.2%	40.6%	47.7%	12.4%	-0.5%	44.6M	-1.29B	-13.4M	0.56	4.46	41,224	22,960	867,496	635,184
2020-04-15	$59.05	$57.50	48.7%	14.0%	65.8%	42.8%	48.5%	13.6%	0.3%	36.7M	-956.9M	-13.2M	0.75	3.38	31,301	23,627	872,446	642,586
2020-04-16	$60.48	$57.50	51.5%	14.9%	54.0%	46.9%	51.3%	12.2%	-1.9%	48.3M	-1.34B	-13.8M	0.41	6.26	61,071	24,848	882,098	650,434
2020-04-17	$60.61	$57.50	50.8%	14.8%	54.2%	45.8%	52.4%	11.7%	-2.6%	50.2M	-1.41B	-13.7M	0.68	5.37	60,511	40,857	896,192	655,033
2020-04-20	$59.36	$57.50	52.7%	15.7%	55.5%	48.5%	54.5%	10.4%	-1.6%	32.5M	-904.4M	-13.4M	0.50	3.97	80,299	39,950	796,340	554,234
2020-04-21	$56.59	$59.50	56.5%	16.9%	58.4%	54.1%	60.3%	10.8%	-3.4%	22.8M	-410.3M	-13.3M	0.64	4.35	51,117	32,855	840,355	577,535
2020-04-22	$60.33	$58.00	52.3%	15.5%	56.3%	47.9%	53.9%	9.9%	-2.7%	41.7M	-1.14B	-14.2M	0.55	3.16	75,913	41,520	859,186	594,874
2020-04-23	$59.27	$58.50	50.0%	15.1%	56.8%	44.6%	52.2%	8.9%	-2.8%	38.5M	-952.6M	-14.0M	0.55	3.69	135,529	74,239	881,811	616,431
2020-04-24	$59.25	$59.00	39.6%	11.3%	55.5%	29.7%	40.0%	6.5%	-0.9%	42.1M	-862.0M	-13.5M	0.75	3.84	166,620	124,465	953,241	670,843
2020-04-27	$59.44	$58.50	35.9%	10.4%	55.0%	24.4%	36.9%	5.5%	-0.6%	37.9M	-867.4M	-13.0M	0.62	3.40	55,054	34,282	890,150	644,013
2020-04-28	$59.15	$58.50	36.3%	10.6%	54.2%	24.9%	37.2%	6.1%	-0.1%	37.3M	-803.9M	-12.9M	0.66	3.94	54,852	36,145	901,678	652,397
2020-04-29	$61.90	$58.00	32.9%	9.7%	54.6%	20.0%	34.3%	5.4%	0.2%	65.9M	-1.52B	-13.1M	0.38	3.77	98,354	37,413	912,695	658,588
2020-04-30	$60.19	$59.00	36.3%	10.6%	54.0%	25.0%	37.4%	5.7%	0.3%	47.3M	-1.05B	-13.2M	0.70	3.95	39,122	27,582	922,687	671,925