INTC Options History — January 2023

In January 2023, INTC traded between $26.74 and $30.16. ATM implied volatility averaged 43.5%, placing in the 50.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 12.7% (HV 20d: 30.8%). Max pain ranged from $27.50 to $29.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.98.

Notable Days

2023-01-27: Highest Volume — 923,526 contracts
2023-01-27: Largest IV drop — 29.8% change
2023-01-09: Highest IV Rank — 65.2%
2023-01-25: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.94	$26.74	$30.16	$26.74	$28.11
Max Pain	$28.75	$27.50	$29.00	$27.50	$29.00
ATM IV	43.5%	30.5%	48.2%	46.3%	32.2%
Expected Move	12.4%	9.3%	14.2%	11.4%	10.1%
HV 20d	30.8%	24.7%	37.6%	24.7%	36.8%
HV 60d	38.3%	33.0%	40.4%	40.4%	34.7%
IV Rank	50.7%	10.6%	65.2%	59.2%	15.9%
IV Percentile	74.7%	11.5%	90.9%	89.7%	19.8%
Term Structure	-1.8%	-3.7%	0.3%	0.3%	-0.4%
VWIV	44.0%	33.1%	49.9%	39.1%	34.9%
Skew 25d	5.7%	2.5%	7.4%	6.1%	2.9%
Skew 10d	9.6%	3.6%	12.6%	10.5%	4.7%
Call IV 25d	40.7%	29.8%	45.2%	43.4%	31.4%
Put IV 25d	46.4%	32.8%	50.5%	49.5%	34.3%
Bid-Ask Spread %	2.27	1.71	3.27	1.72	2.49
Gamma HHI	0.10	0.06	0.29	0.08	0.07
Net GEX	15.7M	-33.2M	46.6M	2.3M	5.2M
Net DEX	-14.6M	-617.7M	596.9M	596.4M	386.8M
Net VEX	-11.2M	-12.2M	-9.9M	-10.1M	-10.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.48	1.99	0.68	0.48
Total Volume	196,984.95	68,550	923,526	83,245	166,967
Total OI	3,100,875.4	2,335,603	3,493,820	3,240,114	2,761,360

Daily Data (20 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
2023-01-03	$26.74	$27.50	46.3%	11.4%	24.7%	59.2%	39.1%	6.1%	0.3%	2.3M	596.4M	-10.1M	0.68	1.72	49,571	33,674	2,216,521	1,023,593
2023-01-04	$27.49	$27.50	47.1%	11.1%	27.1%	61.7%	39.2%	6.3%	0.1%	9.5M	343.5M	-10.9M	1.35	1.71	78,750	106,421	2,234,685	1,037,190
2023-01-05	$27.61	$28.00	47.3%	13.0%	26.7%	62.5%	48.4%	5.1%	-0.5%	9.0M	309.7M	-10.9M	1.58	2.15	46,707	73,890	2,253,897	1,061,017
2023-01-06	$28.81	$28.00	45.9%	12.6%	30.9%	58.2%	44.0%	5.3%	-0.5%	18.6M	-137.8M	-11.7M	0.73	2.07	97,791	71,152	2,276,378	1,087,132
2023-01-09	$29.34	$29.00	48.2%	13.1%	31.5%	65.2%	47.0%	6.8%	-1.9%	25.1M	-302.3M	-12.0M	0.92	2.04	96,532	88,506	2,270,800	1,058,714
2023-01-10	$29.38	$29.00	47.9%	13.1%	31.5%	64.4%	45.5%	7.2%	-2.1%	25.1M	-293.3M	-12.0M	0.60	2.13	42,972	25,578	2,298,275	1,081,931
2023-01-11	$29.68	$29.00	47.2%	12.9%	31.5%	62.2%	46.2%	6.4%	-2.2%	28.1M	-418.8M	-12.0M	1.99	2.04	42,143	83,781	2,303,267	1,093,600
2023-01-12	$30.12	$29.00	46.0%	12.6%	31.8%	58.3%	44.9%	5.9%	-2.4%	34.7M	-617.7M	-12.2M	1.32	2.50	50,658	66,829	2,314,650	1,109,158
2023-01-13	$30.02	$29.00	44.0%	12.1%	31.1%	52.1%	42.5%	5.9%	-2.5%	46.6M	-558.7M	-11.9M	0.71	2.43	70,694	50,325	2,325,900	1,118,634
2023-01-17	$29.55	$29.00	43.9%	12.5%	28.2%	51.8%	44.2%	6.2%	-2.8%	26.6M	-274.5M	-11.3M	0.83	2.37	52,095	43,200	2,288,387	1,095,419
2023-01-18	$28.86	$29.00	45.1%	12.9%	29.1%	55.6%	46.5%	7.4%	-2.8%	15.9M	72.9M	-10.8M	1.38	2.35	70,506	97,253	2,307,525	1,111,853
2023-01-19	$28.52	$29.00	44.8%	13.0%	29.4%	54.7%	45.6%	7.0%	-3.0%	10.9M	194.6M	-10.5M	1.25	2.33	52,982	66,481	2,319,887	1,121,873
2023-01-20	$29.09	$29.00	45.6%	13.4%	29.8%	57.1%	48.5%	7.3%	-3.7%	24.2M	-50.5M	-11.1M	1.02	2.10	67,339	68,624	2,345,902	1,147,918
2023-01-23	$30.16	$29.00	43.8%	13.5%	31.8%	51.8%	47.2%	5.9%	-2.5%	15.7M	-201.8M	-11.5M	0.59	2.08	116,578	68,888	1,433,176	902,427
2023-01-24	$29.73	$29.00	44.7%	14.2%	29.6%	54.4%	49.9%	5.9%	-3.1%	15.0M	-110.9M	-11.4M	0.86	2.04	64,013	54,799	1,491,192	938,763
2023-01-25	$29.73	$29.00	44.1%	14.2%	29.7%	52.5%	49.0%	6.0%	-2.8%	15.9M	-109.0M	-11.6M	0.73	2.34	88,389	64,168	1,529,022	971,615
2023-01-26	$29.91	$29.00	43.4%	13.9%	29.6%	50.4%	49.1%	4.8%	-2.6%	18.2M	-171.8M	-11.7M	1.05	3.27	217,987	228,286	1,574,008	1,002,211
2023-01-27	$28.09	$29.00	30.5%	9.3%	37.6%	10.6%	33.1%	2.9%	-0.4%	-33.2M	596.9M	-9.9M	0.91	2.19	483,971	439,555	1,696,616	1,116,625
2023-01-30	$27.95	$29.00	32.3%	10.0%	36.8%	16.2%	35.0%	2.5%	-0.8%	1.2M	454.1M	-10.4M	0.69	3.00	148,540	103,104	1,663,526	1,032,861
2023-01-31	$28.11	$29.00	32.2%	10.1%	36.8%	15.9%	34.9%	2.9%	-0.4%	5.2M	386.8M	-10.5M	0.48	2.49	112,983	53,984	1,707,380	1,053,980