INVZ Options History — May 2023

In May 2023, INVZ traded between $2.17 and $3.06. ATM implied volatility averaged 98.3%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 27.3%. IV traded above realized volatility by 18.0% (HV 20d: 80.3%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 2.15.

Notable Days

  • 2023-05-16: Highest Volume — 28,610 contracts
  • 2023-05-25: Largest IV spike — 55.2% change
  • 2023-05-03: Highest IV Rank — 49.8%
  • 2023-05-05: Largest Expected Move — 40.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.61$2.17$3.06$2.33$2.91
Max Pain$2.41$2.00$2.50$2.00$2.50
ATM IV98.3%60.3%135.1%108.1%90.6%
Expected Move27.3%17.3%40.6%31.0%26.0%
HV 20d80.3%58.2%97.0%58.2%94.2%
HV 60d74.6%67.4%83.8%67.4%75.4%
IV Rank24.5%0.0%49.8%30.9%20.7%
IV Percentile56.0%0.0%96.4%84.9%57.1%
Term Structure-6.6%-44.9%20.0%-15.3%-16.9%
VWIV94.9%70.6%137.7%109.1%91.0%
Skew 25d14.1%-21.6%72.7%4.2%38.6%
Skew 10d47.5%-40.6%174.0%22.8%43.2%
Call IV 25d84.0%49.6%141.7%118.3%61.2%
Put IV 25d98.0%46.8%142.9%122.5%99.9%
Bid-Ask Spread %60.3528.1987.4730.1475.19
Gamma HHI0.600.560.670.670.64
Net GEX-151.9K-228.5K-92.2K-126.8K-207.8K
Net DEX29.1M25.4M34.6M27.8M28.9M
Net VEX-111.2K-154.9K-70.4K-94.1K-138.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.150.0322.130.030.03
Total Volume2,591.59128,6103,3994,333
Total OI244,234.727221,931298,147245,113223,386

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$2.33$2.00108.1%31.0%58.2%30.9%109.1%4.2%-15.3%-126.8K27.8M-94.1K0.0330.14N/AN/A3,3089137,497207,616
2023-05-02$2.17$2.00128.0%36.7%60.3%44.9%137.7%-4.4%-44.9%-92.2K26.2M-90.1K7.8169.51N/AN/A2461,92240,685257,462
2023-05-03$2.25$2.00135.1%38.7%60.2%49.8%133.3%-7.4%20.0%-108.7K27.8M-87.3K3.8279.74N/AN/A7729440,774207,944
2023-05-04$2.17$2.00131.8%27.9%60.5%47.5%105.3%-4.0%-11.8%-105.0K25.4M-87.6K0.5828.19N/AN/A82247840,802207,875
2023-05-05$2.34$2.50114.6%40.6%68.9%35.4%115.2%-17.2%-5.1%-113.3K28.1M-92.1K4.4872.40N/AN/A4620641,580208,060
2023-05-08$2.54$2.50121.8%25.3%76.4%40.5%86.5%23.9%-3.7%-135.9K28.4M-107.7K0.3387.47N/AN/A1,68855141,885208,287
2023-05-09$2.49$2.50113.9%24.6%76.3%34.9%89.3%20.5%-3.3%-125.4K26.7M-115.6K0.3544.80N/AN/A55019341,979208,392
2023-05-10$2.48$2.5083.6%24.0%74.9%13.6%85.1%11.0%-4.4%-118.2K28.7M-98.7K0.0755.35N/AN/A1,43010142,006205,688
2023-05-11$2.40$2.50127.3%36.5%72.8%44.4%121.7%-0.7%-26.8%-122.7K28.0M-95.6K1.7163.49N/AN/A11419541,325205,623
2023-05-12$2.50$2.5089.9%25.8%74.0%18.1%85.9%18.4%-7.3%-113.9K31.5M-70.4K0.1568.97N/AN/A77511741,977205,652
2023-05-15$2.70$2.50109.6%31.4%79.9%31.9%101.5%34.6%-13.9%-147.4K29.6M-109.8K0.0565.05N/AN/A1,0715542,784205,649
2023-05-16$2.75$2.5095.8%27.5%80.3%22.2%105.8%52.9%-2.2%-154.9K31.5M-99.9K22.1386.39N/AN/A1,23727,37343,771205,759
2023-05-17$2.94$2.5079.7%22.8%82.5%10.9%79.6%30.4%-3.4%-228.5K34.6M-154.9K0.0656.11N/AN/A1,6809844,304232,985
2023-05-18$2.95$2.5077.9%22.3%76.7%9.6%83.5%-7.0%3.6%-178.1K28.6M-134.9K0.2767.83N/AN/A55114844,698208,181
2023-05-19$2.58$2.5077.8%22.3%91.6%9.6%82.5%-9.5%-8.3%-148.7K25.4M-122.8K0.0449.12N/AN/A4,07016144,838208,242
2023-05-22$2.85$2.5080.0%22.9%97.0%11.1%85.0%-0.1%1.3%-202.6K31.5M-121.8K0.6632.35N/AN/A36724339,847182,084
2023-05-23$2.83$2.5081.3%23.3%95.2%12.0%70.6%36.5%-5.1%-199.6K29.9M-126.6K0.0967.09N/AN/A1,17310340,167182,217
2023-05-24$2.71$2.5060.3%17.3%96.7%0.0%71.7%-21.6%12.2%-176.2K29.1M-122.3K0.4285.91N/AN/A642740,076182,418
2023-05-25$2.69$2.5093.7%26.8%96.7%22.8%79.6%72.7%-11.2%-142.5K31.6M-102.9K1.5759.91N/AN/A7211340,134182,445
2023-05-26$2.79$2.5075.3%21.6%96.5%10.2%84.4%19.7%3.9%-179.6K29.4M-133.2K2.3541.71N/AN/A14233440,179182,653
2023-05-30$3.06$2.5086.2%24.7%96.3%17.7%84.0%17.4%-1.6%-214.5K31.0M-140.4K0.2641.00N/AN/A3128240,256182,982
2023-05-31$2.91$2.5090.6%26.0%94.2%20.7%91.0%38.6%-16.9%-207.8K28.9M-138.8K0.0375.19N/AN/A4,18914440,357183,029