INVZ Options History — April 2023

In April 2023, INVZ traded between $2.51 and $3.33. ATM implied volatility averaged 89.1%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 25.2%. IV traded above realized volatility by 28.3% (HV 20d: 60.8%). Max pain ranged from $2.00 to $4.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 3.52.

Notable Days

  • 2023-04-27: Highest Volume — 44,599 contracts
  • 2023-04-14: Largest IV spike — 41.8% change
  • 2023-04-14: Highest IV Rank — 40.4%
  • 2023-04-14: Largest Expected Move — 34.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.85$2.51$3.33$3.33$2.51
Max Pain$2.61$2.00$4.00$4.00$2.00
ATM IV89.1%73.1%121.7%96.8%77.5%
Expected Move25.2%21.0%34.9%27.8%22.2%
HV 20d60.8%57.7%64.7%57.7%62.5%
HV 60d68.7%66.6%71.2%70.0%66.6%
IV Rank17.5%6.3%40.4%22.9%9.4%
IV Percentile40.9%5.6%88.9%65.5%13.1%
Term Structure0.3%-40.3%29.3%-12.7%3.5%
VWIV88.6%69.9%168.0%93.8%84.0%
Skew 25d23.3%-42.4%105.6%-8.0%7.1%
Skew 10d52.8%-17.8%232.8%38.8%65.1%
Call IV 25d80.9%59.3%110.1%91.2%98.2%
Put IV 25d104.3%38.7%215.6%83.2%105.3%
Bid-Ask Spread %67.6041.9493.3683.0193.36
Gamma HHI0.610.570.660.650.63
Net GEX-165.5K-233.3K-125.5K-233.3K-125.5K
Net DEX28.6M25.2M31.6M30.3M25.2M
Net VEX-160.5K-206.4K-118.8K-206.4K-129.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.520.0653.130.100.30
Total Volume3,035.42111144,599111872
Total OI225,511.316194,194245,048227,054245,048

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$3.33$4.0096.8%27.8%57.7%22.9%93.8%-8.0%-12.7%-233.3K30.3M-206.4K0.1083.01N/AN/A1011068,121158,933
2023-04-04$3.09$4.0077.8%22.3%61.4%9.6%81.8%3.2%14.1%-179.5K30.4M-182.3K0.3551.47N/AN/A67123368,156158,871
2023-04-05$3.06$4.0082.8%23.7%58.6%13.1%83.3%36.4%-6.6%-165.9K29.0M-185.7K0.1980.44N/AN/A59411369,250159,085
2023-04-06$3.02$3.0081.2%22.6%57.7%11.9%82.0%2.3%-0.9%-208.5K30.0M-174.0K0.2241.94N/AN/A72615868,803159,186
2023-04-10$3.05$3.00107.1%24.6%58.3%30.1%78.1%8.4%-4.2%-188.0K29.2M-184.1K0.3988.49N/AN/A68926769,438159,301
2023-04-11$3.06$3.0079.5%24.0%58.2%10.8%82.2%25.7%2.8%-197.8K29.5M-191.2K0.8670.52N/AN/A14512469,990159,356
2023-04-12$2.91$3.0073.1%21.0%58.7%6.3%89.4%1.1%29.3%-158.2K28.9M-168.3K1.3283.73N/AN/A32242470,024159,460
2023-04-13$3.04$2.5085.8%24.6%61.3%15.2%69.9%32.9%-11.1%-192.1K29.4M-179.9K0.1859.18N/AN/A3195970,327157,330
2023-04-14$2.91$2.50121.7%34.9%62.0%40.4%113.2%105.6%1.6%-160.6K27.6M-173.0K0.3170.11N/AN/A1815670,619156,882
2023-04-17$2.91$2.5089.2%25.6%61.4%17.6%94.1%-21.6%-5.8%-135.2K29.0M-160.4K0.2360.64N/AN/A2,54058170,766156,789
2023-04-18$2.91$2.0079.9%22.9%59.9%11.1%80.0%-42.4%-5.1%-181.9K31.6M-143.6K2.4079.85N/AN/A18243773,179157,406
2023-04-19$2.79$2.0088.1%25.3%58.7%16.8%84.6%53.1%-12.9%-157.6K26.8M-167.4K2.9747.98N/AN/A6218473,302157,825
2023-04-20$2.58$2.0083.2%23.8%61.6%13.4%73.5%-9.1%10.3%-134.4K27.7M-140.3K0.0948.87N/AN/A6735973,352157,899
2023-04-21$2.59$2.0087.7%25.1%62.0%16.5%89.0%105.3%22.3%-142.7K28.2M-132.7K0.0874.46N/AN/A6705573,656157,850
2023-04-24$2.71$2.00101.1%29.0%63.8%26.0%75.9%38.9%-40.3%-163.2K29.1M-133.6K2.3865.56N/AN/A6415265,643157,327
2023-04-25$2.58$2.0095.4%27.4%64.7%21.9%79.6%13.0%-10.7%-137.3K27.0M-144.7K0.0647.71N/AN/A1,1676965,675157,439
2023-04-26$2.58$2.0091.3%26.2%64.7%19.1%81.4%78.3%12.2%-152.2K29.4M-118.8K1.4067.34N/AN/A486736,695157,499
2023-04-27$2.60$2.0093.3%26.7%61.9%20.4%168.0%13.6%20.8%-131.0K26.0M-133.5K53.1369.81N/AN/A82443,77536,708157,525
2023-04-28$2.51$2.0077.5%22.2%62.5%9.4%84.0%7.1%3.5%-125.5K25.2M-129.6K0.3093.36N/AN/A67020237,499207,549