INTC Options History — September 2023

In September 2023, INTC traded between $33.73 and $38.92. ATM implied volatility averaged 35.1%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 0.1% (HV 20d: 35.3%). Max pain ranged from $33.00 to $36.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.60.

Notable Days

2023-09-07: Highest Volume — 394,566 contracts
2023-09-25: Largest IV spike — 14.0% change
2023-09-27: Highest IV Rank — 46.7%
2023-09-26: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.50	$33.73	$38.92	$36.55	$35.45
Max Pain	$34.88	$33.00	$36.00	$33.00	$35.00
ATM IV	35.1%	30.8%	43.5%	30.9%	42.9%
Expected Move	9.5%	8.4%	10.3%	8.4%	9.8%
HV 20d	35.3%	31.1%	39.6%	36.5%	33.2%
HV 60d	36.6%	33.8%	39.6%	39.6%	35.4%
IV Rank	18.7%	4.1%	46.7%	4.8%	44.7%
IV Percentile	30.2%	1.2%	76.2%	1.6%	71.0%
Term Structure	1.6%	-1.2%	7.8%	0.5%	-1.2%
VWIV	33.2%	29.8%	35.9%	29.8%	34.3%
Skew 25d	2.2%	1.1%	3.9%	1.4%	3.9%
Skew 10d	4.3%	2.0%	7.7%	2.4%	7.2%
Call IV 25d	34.3%	29.7%	41.9%	30.8%	41.4%
Put IV 25d	36.6%	31.9%	45.5%	32.1%	45.2%
Bid-Ask Spread %	1.84	1.67	2.16	1.80	1.84
Gamma HHI	0.08	0.05	0.15	0.07	0.05
Net GEX	56.3M	13.6M	102.6M	70.7M	37.4M
Net DEX	-1.98B	-3.45B	-484.3M	-2.53B	-1.32B
Net VEX	-15.4M	-16.0M	-14.6M	-14.7M	-16.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.32	0.84	0.33	0.56
Total Volume	210,397.45	87,475	394,566	357,460	106,179
Total OI	2,965,041.85	2,761,604	3,202,536	2,896,421	2,980,902

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
2023-09-01	$36.55	$33.00	30.9%	8.4%	36.5%	4.8%	29.8%	1.4%	0.5%	70.7M	-2.53B	-14.7M	0.33	1.80	268,666	88,794	1,765,556	1,130,865
2023-09-05	$36.78	$33.00	32.7%	9.5%	36.5%	10.7%	33.7%	1.5%	-0.3%	72.7M	-2.45B	-14.6M	0.65	1.98	140,113	91,377	1,737,744	1,111,009
2023-09-06	$36.94	$34.00	33.1%	9.7%	36.5%	12.0%	34.6%	1.6%	0.0%	77.3M	-2.48B	-14.9M	0.65	1.82	119,649	77,497	1,766,177	1,158,830
2023-09-07	$38.19	$34.00	34.6%	9.9%	37.4%	17.1%	35.0%	1.6%	-0.2%	89.2M	-3.14B	-15.0M	0.42	2.16	277,438	117,128	1,793,237	1,180,472
2023-09-08	$37.86	$34.00	34.3%	9.8%	37.8%	15.9%	34.6%	1.4%	-0.3%	91.9M	-3.02B	-15.6M	0.32	1.83	273,761	87,071	1,853,582	1,230,302
2023-09-11	$38.55	$35.00	34.2%	9.7%	38.1%	15.5%	34.3%	1.1%	-0.1%	97.0M	-3.21B	-15.4M	0.47	1.84	126,212	59,676	1,839,654	1,198,678
2023-09-12	$38.92	$35.00	33.4%	9.5%	37.2%	12.9%	33.3%	1.5%	-0.0%	102.6M	-3.45B	-15.2M	0.41	1.89	230,847	95,749	1,859,904	1,213,220
2023-09-13	$38.70	$35.00	32.4%	9.3%	35.9%	9.6%	32.7%	1.6%	-0.1%	94.3M	-3.25B	-15.3M	0.41	1.74	121,728	50,155	1,876,693	1,258,305
2023-09-14	$38.70	$35.00	31.3%	9.0%	32.3%	5.9%	32.0%	1.4%	0.1%	98.6M	-3.25B	-15.3M	0.84	1.70	66,699	55,945	1,900,309	1,267,890
2023-09-15	$37.95	$35.00	30.8%	8.9%	31.1%	4.4%	31.1%	1.7%	0.2%	75.8M	-2.79B	-15.1M	0.63	2.05	170,697	107,587	1,914,845	1,287,691
2023-09-18	$37.89	$35.00	31.4%	9.0%	31.2%	6.3%	32.1%	1.7%	6.8%	52.3M	-2.19B	-15.9M	0.70	2.01	72,647	50,879	1,654,648	1,106,956
2023-09-19	$36.23	$35.00	30.8%	8.8%	36.3%	4.1%	30.4%	2.1%	7.4%	34.5M	-1.43B	-15.4M	0.56	1.96	223,069	124,604	1,688,074	1,128,065
2023-09-20	$34.78	$36.00	31.5%	9.0%	39.6%	6.6%	31.4%	2.5%	7.5%	14.5M	-713.6M	-15.2M	0.78	1.82	170,767	132,366	1,665,455	1,179,793
2023-09-21	$34.63	$36.00	34.3%	9.5%	37.7%	15.8%	32.7%	2.7%	6.8%	13.6M	-700.3M	-15.7M	0.65	1.71	123,491	79,884	1,726,307	1,216,671
2023-09-22	$34.28	$36.00	35.1%	9.2%	34.0%	18.6%	32.6%	2.8%	7.8%	14.4M	-565.6M	-15.6M	0.82	1.67	61,041	50,305	1,757,715	1,230,818
2023-09-25	$34.11	$35.50	40.0%	9.8%	33.2%	35.0%	34.0%	3.8%	-0.6%	15.8M	-612.5M	-15.5M	0.65	1.71	55,097	35,667	1,669,420	1,188,047
2023-09-26	$33.73	$35.50	42.3%	10.3%	33.4%	42.6%	35.5%	3.8%	-0.8%	13.6M	-484.3M	-15.4M	0.78	1.72	62,095	48,185	1,691,613	1,193,271
2023-09-27	$34.47	$35.50	43.5%	10.1%	33.2%	46.7%	35.9%	3.4%	-1.1%	23.2M	-825.1M	-15.9M	0.81	1.77	48,417	39,058	1,714,180	1,210,954
2023-09-28	$35.28	$35.00	42.9%	9.8%	34.2%	44.5%	34.3%	3.4%	-1.0%	35.9M	-1.23B	-16.0M	0.65	1.74	59,160	38,249	1,728,020	1,224,965
2023-09-29	$35.45	$35.00	42.9%	9.8%	33.2%	44.7%	34.3%	3.9%	-1.2%	37.4M	-1.32B	-16.0M	0.56	1.84	68,208	37,971	1,739,389	1,241,513