INTC Options History — May 2023

In May 2023, INTC traded between $27.44 and $32.05. ATM implied volatility averaged 33.2%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 1.0% (HV 20d: 34.2%). Max pain ranged from $30.00 to $30.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2023-05-31: Highest Volume — 750,690 contracts
2023-05-25: Largest IV spike — 10.4% change
2023-05-30: Highest IV Rank — 39.6%
2023-05-30: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.86	$27.44	$32.05	$30.43	$32.05
Max Pain	$30.07	$30.00	$30.50	$30.50	$30.00
ATM IV	33.2%	30.8%	40.0%	31.0%	39.5%
Expected Move	9.9%	9.0%	12.9%	9.1%	12.6%
HV 20d	34.2%	26.9%	48.0%	26.9%	48.0%
HV 60d	36.6%	34.6%	40.6%	37.5%	40.6%
IV Rank	18.7%	11.4%	39.6%	12.0%	38.3%
IV Percentile	23.6%	9.9%	62.3%	11.5%	61.9%
Term Structure	-0.3%	-2.0%	1.3%	0.1%	-2.0%
VWIV	34.6%	31.3%	45.4%	32.2%	44.8%
Skew 25d	3.9%	-0.8%	5.1%	3.5%	-0.8%
Skew 10d	8.4%	-1.6%	10.5%	8.9%	-1.6%
Call IV 25d	31.9%	28.8%	41.0%	29.6%	41.0%
Put IV 25d	35.8%	33.1%	41.5%	33.1%	40.2%
Bid-Ask Spread %	1.80	1.34	2.70	2.29	2.26
Gamma HHI	0.07	0.05	0.19	0.07	0.07
Net GEX	24.7M	3.2M	51.3M	24.6M	51.3M
Net DEX	-470.1M	-1.71B	216.6M	-500.4M	-1.71B
Net VEX	-12.6M	-14.6M	-11.4M	-12.5M	-14.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.22	0.97	0.66	0.24
Total Volume	168,506.318	65,985	750,690	121,839	750,690
Total OI	2,726,956.182	2,625,194	2,861,424	2,631,935	2,861,424

Daily Data (22 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
2023-05-01	$30.43	$30.50	31.0%	9.1%	26.9%	12.0%	32.2%	3.5%	0.1%	24.6M	-500.4M	-12.5M	0.66	2.29	73,188	48,651	1,698,102	933,833
2023-05-02	$29.87	$30.50	32.2%	9.6%	27.2%	15.8%	33.5%	4.3%	0.1%	18.3M	-302.6M	-12.4M	0.78	2.23	72,131	56,392	1,713,808	940,976
2023-05-03	$30.68	$30.50	32.2%	9.8%	29.4%	15.8%	34.0%	4.0%	0.0%	33.6M	-656.9M	-13.0M	0.76	2.70	84,398	63,766	1,748,049	956,775
2023-05-04	$31.20	$30.00	34.1%	9.8%	30.2%	21.4%	34.1%	3.7%	-0.4%	42.6M	-934.7M	-13.5M	0.67	1.63	116,084	77,357	1,760,473	978,808
2023-05-05	$31.09	$30.00	31.6%	9.3%	30.2%	13.9%	32.2%	4.0%	0.1%	38.3M	-846.6M	-13.2M	0.88	1.54	68,210	59,874	1,772,485	995,682
2023-05-08	$30.73	$30.00	31.0%	9.1%	30.2%	11.9%	32.1%	4.4%	0.7%	32.2M	-664.4M	-12.9M	0.85	1.57	38,221	32,375	1,724,674	942,475
2023-05-09	$30.07	$30.00	31.9%	9.4%	30.9%	14.9%	33.0%	4.2%	1.0%	23.4M	-401.3M	-12.4M	0.50	1.85	43,954	22,031	1,735,313	950,208
2023-05-10	$30.09	$30.00	30.8%	9.0%	30.8%	11.4%	31.3%	4.3%	0.6%	21.9M	-380.6M	-12.4M	0.97	1.57	45,139	43,882	1,736,259	956,717
2023-05-11	$28.93	$30.00	32.0%	9.4%	33.1%	15.0%	32.4%	4.6%	0.9%	7.2M	822.8K	-11.6M	0.65	1.45	75,610	49,274	1,744,018	953,305
2023-05-12	$28.93	$30.00	31.0%	9.1%	33.1%	11.9%	32.2%	4.4%	1.3%	8.5M	-6.1M	-11.6M	0.71	1.48	55,842	39,387	1,764,049	957,644
2023-05-15	$29.69	$30.00	31.1%	9.0%	34.8%	12.1%	32.2%	4.6%	-0.9%	20.0M	-305.7M	-11.9M	0.64	1.42	48,864	31,410	1,732,149	926,320
2023-05-16	$29.34	$30.00	32.4%	9.3%	34.8%	16.4%	32.0%	4.7%	-0.9%	15.7M	-176.5M	-11.5M	0.39	1.42	142,895	55,652	1,743,790	934,049
2023-05-17	$28.95	$30.00	32.3%	9.3%	34.6%	16.1%	32.6%	4.5%	-0.8%	12.2M	-88.3M	-12.1M	0.81	1.61	90,788	73,293	1,827,842	962,252
2023-05-18	$29.68	$30.00	31.4%	9.0%	35.8%	13.3%	31.8%	3.7%	-0.8%	27.4M	-436.1M	-12.5M	0.41	1.40	88,919	36,483	1,854,272	964,385
2023-05-19	$29.98	$30.00	32.0%	9.3%	35.6%	15.0%	32.3%	3.8%	-1.2%	44.5M	-569.2M	-12.8M	0.39	1.34	98,927	38,350	1,883,003	976,878
2023-05-22	$30.30	$30.00	31.9%	9.3%	35.0%	14.9%	32.6%	4.3%	0.1%	29.2M	-693.2M	-13.0M	0.57	1.89	67,593	38,403	1,716,682	908,512
2023-05-23	$29.64	$30.00	32.7%	9.9%	34.7%	17.2%	35.7%	4.3%	-0.2%	24.2M	-470.8M	-12.5M	0.48	1.88	70,735	34,058	1,739,670	931,414
2023-05-24	$28.98	$30.00	34.2%	10.2%	35.7%	21.9%	35.5%	5.0%	-0.3%	18.5M	-242.3M	-12.3M	0.77	1.86	51,565	39,855	1,768,648	949,032
2023-05-25	$27.44	$30.00	37.8%	11.0%	39.3%	32.9%	38.9%	5.1%	-0.4%	3.2M	216.6M	-11.4M	0.74	2.12	161,205	118,804	1,778,253	954,158
2023-05-26	$28.98	$30.00	37.1%	11.4%	40.8%	30.9%	40.7%	2.6%	-0.7%	14.8M	-396.1M	-12.8M	0.47	2.08	156,758	73,710	1,833,712	996,517
2023-05-30	$29.95	$30.00	40.0%	12.9%	42.1%	39.6%	45.4%	1.8%	-1.8%	32.3M	-776.1M	-13.5M	0.22	2.08	223,132	49,284	1,809,481	976,940
2023-05-31	$32.05	$30.00	39.5%	12.6%	48.0%	38.3%	44.8%	-0.8%	-2.0%	51.3M	-1.71B	-14.6M	0.24	2.26	603,392	147,298	1,865,906	995,518