INTC Options History — December 2023

In December 2023, INTC traded between $41.28 and $50.70. ATM implied volatility averaged 32.9%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 1.8% (HV 20d: 34.6%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2023-12-14: Highest Volume — 504,008 contracts
2023-12-26: Largest IV spike — 20.4% change
2023-12-26: Highest IV Rank — 65.1%
2023-12-26: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.67	$41.28	$50.70	$43.66	$50.30
Max Pain	$35.15	$35.00	$38.00	$38.00	$35.00
ATM IV	32.9%	28.2%	40.8%	28.2%	39.9%
Expected Move	8.8%	8.5%	9.4%	8.9%	8.5%
HV 20d	34.6%	28.5%	38.7%	35.1%	34.1%
HV 60d	37.2%	36.2%	38.6%	36.9%	37.7%
IV Rank	27.8%	5.9%	65.1%	5.9%	60.9%
IV Percentile	25.2%	4.4%	67.5%	4.4%	61.5%
Term Structure	1.8%	-0.7%	8.4%	0.1%	-0.7%
VWIV	31.5%	30.2%	33.7%	32.0%	30.6%
Skew 25d	0.3%	-0.6%	1.6%	0.6%	0.2%
Skew 10d	1.1%	-0.8%	4.5%	3.0%	1.3%
Call IV 25d	33.2%	28.6%	42.5%	28.6%	40.9%
Put IV 25d	33.5%	29.2%	42.9%	29.2%	41.2%
Bid-Ask Spread %	1.92	1.51	2.40	1.86	2.14
Gamma HHI	0.12	0.10	0.19	0.12	0.13
Net GEX	79.6M	51.7M	112.4M	66.1M	77.8M
Net DEX	-4.02B	-5.42B	-2.38B	-3.54B	-5.19B
Net VEX	-14.6M	-15.2M	-13.6M	-14.7M	-14.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.34	0.87	0.87	0.52
Total Volume	222,506.6	101,858	504,008	230,479	153,893
Total OI	3,147,667.25	2,919,560	3,419,228	3,199,041	3,192,605

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
2023-12-01	$43.66	$38.00	28.2%	8.9%	35.1%	5.9%	32.0%	0.6%	0.1%	66.1M	-3.54B	-14.7M	0.87	1.86	123,336	107,143	1,716,542	1,482,499
2023-12-04	$42.27	$35.00	29.9%	8.6%	37.8%	13.8%	30.2%	1.6%	0.3%	59.2M	-2.82B	-15.2M	0.54	1.90	145,433	77,946	1,695,083	1,400,602
2023-12-05	$41.97	$35.00	30.2%	8.6%	38.0%	15.3%	30.4%	1.4%	0.3%	59.4M	-2.76B	-15.0M	0.67	1.92	61,159	40,699	1,722,193	1,415,931
2023-12-06	$41.28	$35.00	30.0%	8.7%	38.2%	14.2%	30.7%	0.9%	0.1%	51.7M	-2.38B	-15.0M	0.73	2.40	91,105	66,210	1,734,392	1,428,383
2023-12-07	$42.17	$35.00	30.6%	8.8%	37.4%	17.0%	31.2%	0.5%	0.6%	62.3M	-2.87B	-15.1M	0.56	1.75	94,394	52,727	1,755,059	1,451,328
2023-12-08	$42.75	$35.00	30.2%	8.7%	37.4%	15.4%	33.7%	0.6%	0.5%	75.5M	-3.20B	-15.0M	0.61	1.84	116,924	71,535	1,781,815	1,471,106
2023-12-11	$44.59	$35.00	32.1%	9.0%	38.7%	24.3%	31.8%	0.8%	-0.6%	87.2M	-4.16B	-14.7M	0.34	1.51	177,789	60,587	1,754,799	1,460,377
2023-12-12	$44.03	$35.00	31.1%	8.8%	38.5%	19.7%	30.8%	0.6%	-0.4%	86.1M	-3.88B	-14.7M	0.64	1.78	114,226	72,702	1,770,319	1,476,527
2023-12-13	$44.50	$35.00	30.8%	8.7%	37.9%	17.9%	30.8%	-0.0%	-0.4%	94.1M	-4.11B	-14.5M	0.41	1.75	105,717	43,545	1,782,221	1,498,365
2023-12-14	$45.11	$35.00	31.8%	9.0%	36.7%	22.9%	31.7%	-0.5%	-0.7%	107.6M	-4.50B	-14.4M	0.41	1.57	357,716	146,292	1,801,955	1,516,473
2023-12-15	$46.11	$35.00	31.4%	9.0%	30.7%	20.8%	31.6%	-0.5%	-0.1%	86.1M	-4.92B	-14.5M	0.41	2.14	285,441	115,772	1,848,779	1,570,449
2023-12-18	$45.75	$35.00	30.5%	8.7%	30.9%	16.6%	30.9%	-0.3%	7.5%	69.3M	-3.63B	-14.7M	0.61	1.87	99,777	60,592	1,583,962	1,335,598
2023-12-19	$46.48	$35.00	30.9%	8.8%	29.9%	18.5%	31.3%	-0.6%	7.9%	78.9M	-3.98B	-14.2M	0.51	1.81	104,201	53,587	1,602,721	1,362,624
2023-12-20	$45.83	$35.00	31.5%	9.0%	28.5%	21.5%	32.0%	0.4%	7.9%	70.4M	-3.64B	-14.9M	0.48	1.90	72,336	34,782	1,626,447	1,376,533
2023-12-21	$47.02	$35.00	32.9%	9.0%	29.6%	27.8%	31.7%	0.2%	8.3%	90.5M	-4.23B	-14.5M	0.70	2.12	102,257	71,798	1,644,573	1,391,203
2023-12-22	$47.91	$35.00	33.9%	8.8%	30.1%	32.5%	31.5%	0.6%	8.4%	112.4M	-4.60B	-14.4M	0.56	2.10	149,959	83,876	1,631,725	1,418,702
2023-12-26	$50.47	$35.00	40.8%	9.4%	34.5%	65.1%	33.2%	0.3%	-0.7%	75.1M	-5.31B	-13.6M	0.38	1.91	332,322	127,706	1,582,688	1,396,284
2023-12-27	$50.70	$35.00	40.6%	8.9%	34.3%	64.0%	32.7%	0.2%	-0.7%	88.4M	-5.42B	-14.0M	0.41	2.04	227,323	93,541	1,645,928	1,452,960
2023-12-28	$50.53	$35.00	40.1%	8.7%	34.2%	62.1%	31.3%	-0.2%	-0.6%	93.5M	-5.32B	-14.3M	0.36	1.99	113,150	40,634	1,682,272	1,491,323
2023-12-29	$50.30	$35.00	39.9%	8.5%	34.1%	60.9%	30.6%	0.2%	-0.7%	77.8M	-5.19B	-14.4M	0.52	2.14	100,964	52,929	1,689,336	1,503,269