INVZ Options History — January 2023

In January 2023, INVZ traded between $3.83 and $5.58. ATM implied volatility averaged 81.9%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded above realized volatility by 29.5% (HV 20d: 52.4%). Max pain ranged from $2.00 to $5.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.87.

Notable Days

  • 2023-01-31: Highest Volume — 16,594 contracts
  • 2023-01-12: Largest IV drop — 9.2% change
  • 2023-01-03: Highest IV Rank — 19.1%
  • 2023-01-03: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.85$3.83$5.58$3.83$5.58
Max Pain$3.77$2.00$5.00$4.00$5.00
ATM IV81.9%74.5%90.7%90.7%85.9%
Expected Move23.6%21.4%26.0%26.0%24.6%
HV 20d52.4%43.6%62.5%49.6%52.0%
HV 60d61.7%59.5%63.0%63.0%61.5%
IV Rank12.0%6.1%19.1%19.1%15.2%
IV Percentile10.7%3.2%28.2%28.2%17.9%
Term Structure0.4%-4.8%7.6%0.9%-2.7%
VWIV82.8%71.1%95.0%95.0%85.4%
Skew 25d4.6%-19.3%14.3%-19.3%5.9%
Skew 10d8.0%-31.3%41.8%-31.3%-30.6%
Call IV 25d80.3%66.4%103.1%103.1%85.1%
Put IV 25d84.9%75.2%91.8%83.8%91.0%
Bid-Ask Spread %42.298.3069.638.3051.99
Gamma HHI0.630.500.760.550.67
Net GEX-285.4K-374.3K-182.4K-204.6K-367.0K
Net DEX25.4M18.4M30.2M30.2M24.8M
Net VEX-365.2K-388.9K-316.6K-316.6K-386.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.016.610.362.77
Total Volume1,91514516,59480516,594
Total OI246,164.3215,149262,685259,942219,224

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$3.83$4.0090.7%26.0%49.6%19.1%95.0%-19.3%0.9%-204.6K30.2M-316.6K0.368.30N/AN/A59221360,033199,909
2023-01-04$3.94$4.0090.3%25.9%51.1%18.8%92.7%-14.0%-0.5%-192.0K29.5M-328.3K0.2039.82N/AN/A1703460,167199,996
2023-01-05$3.96$2.0089.3%24.4%47.4%17.9%87.6%2.4%0.4%-190.1K28.6M-327.4K0.1169.63N/AN/A1,10412660,314199,989
2023-01-06$4.09$2.0085.2%25.5%49.3%14.7%90.7%9.2%-1.7%-184.5K29.7M-335.0K0.0569.25N/AN/A8194361,337200,110
2023-01-09$4.22$2.0086.1%25.8%51.2%15.4%87.7%-2.5%-3.9%-182.4K29.2M-337.8K5.9952.44N/AN/A1931,15761,333200,096
2023-01-10$4.42$2.0079.9%24.4%54.4%10.4%85.8%0.9%-1.3%-191.8K27.2M-352.3K0.0849.25N/AN/A8886961,444201,241
2023-01-11$4.63$3.0086.6%24.8%57.1%15.8%86.6%10.9%-2.6%-221.3K25.8M-365.1K0.0636.83N/AN/A7965060,496201,252
2023-01-12$4.76$3.5078.6%22.5%57.9%9.4%80.8%7.9%1.5%-294.7K26.0M-364.6K0.0135.48N/AN/A143260,957201,226
2023-01-13$5.12$3.5084.3%24.2%62.5%13.9%84.3%10.3%-4.4%-243.9K20.8M-383.4K0.0656.99N/AN/A1,82610761,134201,224
2023-01-17$5.33$4.0077.0%22.1%60.6%8.0%77.5%10.4%4.8%-212.8K18.4M-388.9K0.0725.07N/AN/A1,62712161,277201,250
2023-01-18$5.26$4.0080.1%23.0%60.3%10.6%79.8%6.4%1.4%-322.4K18.5M-385.5K0.0334.78N/AN/A2,5366960,845201,236
2023-01-19$5.13$4.0080.9%23.2%54.4%11.2%79.6%11.5%1.0%-358.3K18.8M-376.9K0.1332.71N/AN/A6018159,282201,242
2023-01-20$5.26$4.5078.7%22.6%53.0%9.5%79.6%14.3%4.7%-374.3K18.4M-383.2K0.0726.88N/AN/A1,1368559,529201,245
2023-01-23$5.39$4.0074.5%21.4%51.5%6.1%75.7%-3.1%7.6%-371.3K26.9M-385.0K0.1019.49N/AN/A2,30522820,735194,414
2023-01-24$5.26$4.5075.5%21.6%51.6%6.9%77.3%5.3%5.0%-362.2K26.6M-380.4K0.2151.98N/AN/A1833822,926194,638
2023-01-25$5.22$4.5078.4%22.5%51.0%9.2%78.7%10.3%-4.0%-361.1K27.8M-379.2K0.1647.56N/AN/A2824623,089194,663
2023-01-26$5.12$5.0074.9%21.5%43.6%6.3%71.1%9.4%3.8%-365.9K27.2M-374.9K6.6127.81N/AN/A2818523,335194,723
2023-01-27$5.29$5.0078.7%22.6%43.9%9.4%79.4%6.2%3.3%-354.3K26.2M-380.1K0.1348.94N/AN/A3,15742123,354194,946
2023-01-30$5.13$5.0083.0%23.8%46.3%12.9%81.1%9.4%-4.8%-353.2K27.4M-373.4K0.1560.59N/AN/A2133223,723195,352
2023-01-31$5.58$5.0085.9%24.6%52.0%15.2%85.4%5.9%-2.7%-367.0K24.8M-386.3K2.7751.99N/AN/A4,39612,19823,837195,387