INVZ Options History — March 2023

In March 2023, INVZ traded between $3.16 and $4.26. ATM implied volatility averaged 82.8%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 0.8% (HV 20d: 82.0%). Max pain ranged from $3.50 to $5.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.33.

Notable Days

  • 2023-03-29: Highest Volume — 13,484 contracts
  • 2023-03-15: Largest IV spike — 183.5% change
  • 2023-03-15: Highest IV Rank — 100.0%
  • 2023-03-15: Largest Expected Move — 59.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.74$3.16$4.26$3.96$3.49
Max Pain$4.67$3.50$5.00$4.00$4.00
ATM IV82.8%64.2%206.5%79.0%67.3%
Expected Move23.5%18.4%59.2%22.7%19.3%
HV 20d82.0%56.7%89.2%79.7%56.7%
HV 60d68.2%66.5%69.4%66.6%69.4%
IV Rank12.5%0.0%100.0%9.7%2.2%
IV Percentile15.9%0.0%100.0%7.9%0.8%
Term Structure4.9%-15.7%23.1%-4.1%12.9%
VWIV75.4%67.1%84.9%75.9%71.2%
Skew 25d7.7%-30.9%242.8%10.4%-27.7%
Skew 10d16.3%-40.7%80.0%13.6%39.4%
Call IV 25d75.1%50.7%93.7%74.3%77.7%
Put IV 25d82.8%49.9%319.0%84.6%49.9%
Bid-Ask Spread %61.9821.2698.8667.6458.60
Gamma HHI0.600.500.700.540.64
Net GEX-241.1K-289.1K-209.8K-252.1K-234.3K
Net DEX26.5M21.0M31.6M26.2M29.6M
Net VEX-272.5K-454.5K-192.5K-429.1K-222.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.017.290.620.43
Total Volume1,624.7837013,4843,0652,595
Total OI235,356.826219,006321,449318,474224,621

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$3.96$4.0079.0%22.7%79.7%9.7%75.9%10.4%-4.1%-252.1K26.2M-429.1K0.6267.64N/AN/A1,8911,174106,412212,062
2023-03-02$3.92$3.5073.8%21.2%78.8%5.5%73.0%11.8%4.3%-254.3K27.3M-426.0K1.4970.63N/AN/A378562108,007213,048
2023-03-03$4.26$4.0076.2%21.8%85.7%7.4%74.2%-8.2%0.4%-251.2K24.0M-454.5K0.2366.31N/AN/A4,214960108,155213,294
2023-03-06$4.13$5.0075.0%22.2%85.9%6.4%80.9%-4.0%0.3%-220.3K21.0M-299.6K0.0439.50N/AN/A3,42814367,248156,390
2023-03-07$3.98$5.0075.2%22.5%85.2%6.7%78.7%-3.3%-2.8%-235.6K21.0M-293.2K0.0821.26N/AN/A1,0538567,282156,529
2023-03-08$4.13$5.0076.6%21.0%86.9%7.8%68.5%-6.5%4.5%-235.1K25.4M-286.5K0.2641.80N/AN/A922467,143156,592
2023-03-09$3.96$5.0079.7%22.4%87.5%10.2%80.2%-8.3%-0.1%-238.7K22.2M-286.9K2.1837.50N/AN/A9220167,153156,614
2023-03-10$3.92$5.0073.0%21.5%85.2%4.9%80.1%-1.8%2.9%-235.6K23.0M-278.9K0.0141.17N/AN/A69167,231156,894
2023-03-13$3.94$5.0096.9%21.5%85.3%24.1%79.8%-10.4%1.5%-230.6K24.6M-274.2K0.3263.34N/AN/A1364467,232156,944
2023-03-14$3.77$5.0072.8%21.0%85.3%4.7%75.0%-1.2%3.2%-236.8K23.8M-269.4K0.4571.39N/AN/A1968967,248156,966
2023-03-15$3.83$5.00206.5%59.2%85.5%100.0%80.9%-20.4%-15.7%-215.5K23.8M-261.8K0.0198.86N/AN/A121167,352157,001
2023-03-16$3.85$5.0078.0%22.4%85.5%7.9%82.2%-2.3%0.0%-272.9K29.2M-253.1K0.8578.30N/AN/A19416567,350157,100
2023-03-17$3.90$5.0076.6%22.0%85.6%6.9%76.9%242.8%7.0%-232.9K25.8M-271.1K6.5582.43N/AN/A8857667,496157,334
2023-03-20$3.70$5.0074.6%21.4%87.0%5.5%67.6%-6.8%17.0%-289.1K30.5M-228.9K3.5256.86N/AN/A19668962,413156,593
2023-03-21$3.81$5.0064.2%18.4%87.1%0.0%67.2%5.0%23.1%-275.3K26.5M-259.6K0.3444.73N/AN/A2127362,571157,190
2023-03-22$3.62$5.0072.0%20.6%88.2%5.5%67.3%8.1%14.1%-262.7K27.2M-244.6K1.3968.24N/AN/A15020862,647157,259
2023-03-23$3.54$5.0072.5%20.8%88.3%5.9%67.6%-4.8%9.5%-241.7K30.5M-216.8K0.0172.18N/AN/A150162,757157,565
2023-03-24$3.35$5.0074.8%21.4%89.2%7.5%67.1%10.8%-1.7%-241.2K31.6M-192.5K0.2379.83N/AN/A1,12826262,788157,564
2023-03-27$3.24$5.0077.3%22.1%85.6%9.2%75.1%-6.5%3.0%-228.6K30.1M-200.6K1.8966.16N/AN/A46688263,772157,826
2023-03-28$3.16$4.0068.3%19.6%83.0%2.9%84.9%-30.9%22.4%-209.8K27.8M-204.1K0.4667.84N/AN/A35116264,080157,477
2023-03-29$3.30$4.00107.5%30.8%59.6%30.4%83.5%26.3%10.7%-231.7K30.9M-201.5K7.2964.78N/AN/A1,62611,85864,088157,542
2023-03-30$3.26$4.0086.1%24.7%59.6%15.4%76.3%4.3%-4.4%-219.3K26.5M-212.3K1.9866.13N/AN/A12925564,482157,895
2023-03-31$3.49$4.0067.3%19.3%56.7%2.2%71.2%-27.7%12.9%-234.3K29.6M-222.0K0.4358.60N/AN/A1,81378266,492158,129