INTC Options History — April 2023

In April 2023, INTC traded between $28.93 and $32.91. ATM implied volatility averaged 41.5%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 5.7% (HV 20d: 35.8%). Max pain ranged from $27.50 to $32.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-04-28: Highest Volume — 421,132 contracts
  • 2023-04-28: Largest IV drop — 33.3% change
  • 2023-04-27: Highest IV Rank — 53.0%
  • 2023-04-27: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.43$28.93$32.91$32.84$31.13
Max Pain$30.74$27.50$32.00$27.50$30.00
ATM IV41.5%29.5%44.3%43.5%29.5%
Expected Move11.5%8.6%14.1%9.9%8.6%
HV 20d35.8%21.4%41.4%41.4%26.9%
HV 60d38.7%36.8%40.4%40.4%37.4%
IV Rank44.3%7.4%53.0%50.5%7.4%
IV Percentile66.9%4.0%80.6%76.6%4.0%
Term Structure-1.8%-2.7%-0.2%-1.5%-0.2%
VWIV40.3%30.0%48.5%35.3%30.0%
Skew 25d3.9%2.6%4.9%4.1%3.3%
Skew 10d8.0%6.4%10.0%7.2%7.8%
Call IV 25d40.2%28.4%43.0%41.9%28.4%
Put IV 25d44.1%31.7%47.5%45.9%31.7%
Bid-Ask Spread %2.371.993.601.992.19
Gamma HHI0.080.060.100.080.09
Net GEX37.5M10.2M62.0M56.8M39.3M
Net DEX-1.25B-2.07B-55.7M-2.04B-892.7M
Net VEX-13.5M-14.7M-12.0M-14.4M-13.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.391.230.750.66
Total Volume155,776.84273,141421,132227,887421,132
Total OI2,823,065.1582,495,3662,981,2362,851,3582,800,078

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$32.84$27.5043.5%9.9%41.4%50.5%35.3%4.1%-1.5%56.8M-2.04B-14.4M0.751.99130,36697,5211,847,1721,004,186
2023-04-04$32.89$27.5044.1%10.0%40.1%52.4%36.0%3.6%-1.3%54.1M-2.03B-14.6M0.682.13164,869112,0671,856,5151,037,194
2023-04-05$32.84$27.5043.9%9.8%40.4%51.6%35.0%3.5%-1.9%51.4M-2.04B-14.7M1.152.1775,23886,4561,893,1301,067,056
2023-04-06$32.91$32.0043.5%11.6%40.5%50.4%41.0%4.1%-1.4%62.0M-2.07B-14.7M0.852.0974,40063,4691,900,2931,080,943
2023-04-10$32.53$32.0043.3%11.7%40.5%50.1%42.5%4.6%-1.9%49.1M-1.76B-14.4M0.992.2657,13556,4191,826,7441,015,984
2023-04-11$32.42$32.0043.6%11.9%40.5%50.8%40.9%4.4%-1.9%47.3M-1.74B-14.2M0.572.3465,87337,2891,843,0211,037,630
2023-04-12$32.03$32.0043.0%11.7%40.8%48.9%41.4%4.2%-2.1%42.9M-1.53B-14.1M1.222.5151,72762,9841,859,8391,049,777
2023-04-13$32.25$32.0042.0%11.5%40.6%45.9%40.4%4.2%-2.2%42.9M-1.64B-13.9M0.892.5741,49337,0141,866,3811,057,916
2023-04-14$31.93$32.0040.7%11.2%34.5%41.8%39.8%4.0%-2.1%28.0M-1.44B-13.7M0.902.6351,15145,9771,872,6241,066,986
2023-04-17$32.06$32.0040.0%11.3%33.7%39.8%39.4%3.9%-1.4%45.6M-1.49B-13.6M0.572.3763,23036,3531,803,6011,037,582
2023-04-18$31.80$31.0040.3%11.5%33.4%40.8%40.4%3.7%-1.7%42.5M-1.39B-13.5M0.392.2852,55720,5841,817,3781,044,526
2023-04-19$31.20$31.0040.0%11.5%32.8%39.9%40.4%2.6%-1.2%36.8M-1.16B-13.2M0.812.4851,53241,7621,835,6211,050,306
2023-04-20$30.80$31.0040.6%11.7%33.3%41.7%41.7%3.1%-1.9%33.3M-985.1M-13.2M1.232.3144,26654,6301,847,6321,054,557
2023-04-21$30.26$31.0040.5%11.8%33.7%41.2%40.8%3.2%-1.8%27.6M-765.2M-12.7M0.512.1479,78840,7101,854,9931,071,649
2023-04-24$29.66$31.0040.2%12.0%34.4%40.4%42.1%4.0%-1.9%14.1M-268.5M-12.3M0.852.2761,65552,6521,609,463885,903
2023-04-25$28.93$31.0042.3%12.8%35.5%46.7%44.5%4.5%-2.1%10.2M-55.7M-12.0M0.762.4962,11146,9421,631,344908,488
2023-04-26$28.98$31.0043.1%13.2%35.5%49.2%45.1%4.9%-2.3%11.2M-87.3M-12.2M0.872.1671,55662,0521,648,706922,445
2023-04-27$29.73$30.5044.3%14.1%21.4%53.0%48.5%4.5%-2.7%17.0M-341.5M-12.8M0.673.60230,986153,8141,678,933951,642
2023-04-28$31.13$30.0029.5%8.6%26.9%7.4%30.0%3.3%-0.2%39.3M-892.7M-13.0M0.662.19254,116167,0161,764,2351,035,843