INVZ Options History — February 2023

In February 2023, INVZ traded between $4.21 and $5.79. ATM implied volatility averaged 84.9%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 28.8% (HV 20d: 56.1%). Max pain ranged from $3.50 to $5.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-02-02: Highest Volume — 79,738 contracts
  • 2023-02-06: Largest IV spike — 10.8% change
  • 2023-02-24: Highest IV Rank — 21.7%
  • 2023-02-24: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.81$4.21$5.79$5.67$4.76
Max Pain$4.47$3.50$5.00$5.00$3.50
ATM IV84.9%74.6%93.9%81.9%89.7%
Expected Move24.1%21.4%26.9%23.5%25.7%
HV 20d56.1%50.8%62.4%50.9%59.5%
HV 60d57.6%54.8%62.4%61.4%55.9%
IV Rank14.4%6.2%21.7%12.0%18.3%
IV Percentile22.1%3.6%50.0%10.7%37.7%
Term Structure-4.2%-11.8%5.5%1.5%-6.4%
VWIV83.9%74.4%93.2%77.3%88.6%
Skew 25d1.7%-12.6%14.8%-0.2%2.4%
Skew 10d7.5%-30.4%46.2%-30.4%0.7%
Call IV 25d82.4%75.9%89.2%82.3%88.2%
Put IV 25d84.2%73.1%98.1%82.1%90.6%
Bid-Ask Spread %42.5413.1468.6154.2768.61
Gamma HHI0.500.430.650.650.48
Net GEX-230.0K-402.6K-161.3K-393.3K-216.2K
Net DEX17.9M1.8M27.6M27.6M18.7M
Net VEX-496.6K-588.1K-419.6K-419.6K-502.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.001.780.620.87
Total Volume5,072.47410879,7386331,195
Total OI305,761.579234,959317,774234,959317,774

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$5.67$5.0081.9%23.5%50.9%12.0%77.3%-0.2%1.5%-393.3K27.6M-419.6K0.6254.27N/AN/A39024327,501207,458
2023-02-02$5.79$5.0084.7%24.0%50.8%14.3%86.9%7.5%-4.5%-402.6K25.3M-425.5K0.0042.46N/AN/A79,54619227,810207,654
2023-02-03$5.70$5.0080.0%22.8%52.1%10.5%81.9%2.3%-0.5%-161.3K1.8M-588.1K0.0760.80N/AN/A44232104,643207,837
2023-02-06$5.41$5.0088.7%23.8%57.4%17.5%84.4%-12.6%-2.7%-162.2K6.3M-563.5K0.5759.72N/AN/A449257104,894207,860
2023-02-07$5.24$5.0088.5%23.2%59.3%17.4%83.4%-3.1%-1.2%-182.3K10.1M-559.8K0.0621.21N/AN/A1,50995105,062207,836
2023-02-08$5.13$5.0083.3%23.9%58.7%13.1%77.9%1.9%-7.6%-195.4K10.5M-544.1K0.2418.16N/AN/A499118104,486207,819
2023-02-09$4.80$5.0074.6%21.4%62.4%6.2%74.4%3.6%5.5%-201.5K14.7M-526.5K0.1216.80N/AN/A66177104,928207,933
2023-02-10$4.70$5.0077.2%22.1%62.1%8.2%81.4%1.4%-0.5%-216.9K18.2M-509.6K1.4213.14N/AN/A390554105,051207,921
2023-02-13$4.50$5.0082.6%23.7%57.4%12.6%82.4%-0.4%-3.7%-215.9K19.4M-484.2K0.0427.88N/AN/A1,66970105,211208,423
2023-02-14$4.55$4.5081.0%23.2%55.1%11.3%77.4%3.3%-4.7%-212.0K19.5M-499.4K0.0527.28N/AN/A20511106,313208,470
2023-02-15$4.58$4.5084.3%24.2%55.3%13.9%81.8%0.5%-7.6%-206.8K18.6M-498.1K0.0141.24N/AN/A1,18917106,406208,418
2023-02-16$4.47$4.5081.9%23.5%55.3%12.0%86.8%-3.6%-4.3%-209.6K19.2M-492.5K0.0231.47N/AN/A1062106,500208,424
2023-02-17$4.39$4.5084.0%24.1%54.1%13.7%81.0%-1.6%-7.8%-240.4K21.3M-478.0K0.3252.29N/AN/A353112106,535208,375
2023-02-21$4.21$4.0082.8%23.7%53.8%12.7%90.1%-2.9%-3.1%-241.4K22.3M-459.2K0.5759.21N/AN/A950543103,928208,145
2023-02-22$4.28$4.0089.3%25.6%54.5%18.0%85.1%14.8%-2.1%-223.5K22.2M-457.3K1.7860.77N/AN/A378671105,304208,801
2023-02-23$4.26$3.5091.5%26.2%54.5%19.7%90.8%11.5%-8.1%-234.2K22.6M-461.9K0.6346.47N/AN/A820519105,540209,088
2023-02-24$4.33$3.5093.9%26.9%55.2%21.7%89.7%-0.9%-11.0%-237.0K22.2M-472.9K0.6959.57N/AN/A261181105,851209,607
2023-02-27$4.58$3.5092.9%26.6%58.1%20.9%93.2%8.9%-11.8%-217.9K18.9M-492.4K1.6046.86N/AN/A6431,028105,891209,773
2023-02-28$4.76$3.5089.7%25.7%59.5%18.3%88.6%2.4%-6.4%-216.2K18.7M-502.7K0.8768.61N/AN/A640555106,242211,532