INVZ Options History — September 2023

In September 2023, INVZ traded between $1.75 and $2.44. ATM implied volatility averaged 91.4%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 16.1% (HV 20d: 75.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-09-25: Highest Volume — 30,626 contracts
  • 2023-09-12: Largest IV spike — 40.9% change
  • 2023-09-12: Highest IV Rank — 48.2%
  • 2023-09-06: Largest Expected Move — 28.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.12$1.75$2.44$2.34$1.94
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV91.4%70.0%130.7%72.4%85.0%
Expected Move26.0%20.8%28.9%20.8%24.4%
HV 20d75.3%52.5%130.7%129.0%63.6%
HV 60d101.3%98.9%103.8%103.1%101.6%
IV Rank21.3%6.6%48.2%8.2%16.9%
IV Percentile55.1%4.0%97.6%6.0%37.7%
Term Structure-0.7%-18.2%11.1%6.6%7.5%
VWIV95.0%47.9%235.9%235.9%47.9%
Skew 25d2.8%-33.1%35.9%-26.4%14.6%
Skew 10d21.0%-20.7%56.2%-20.7%21.6%
Call IV 25d81.3%54.6%102.1%76.6%67.1%
Put IV 25d84.1%50.2%96.6%50.2%81.7%
Bid-Ask Spread %24.5610.3058.6717.2112.68
Gamma HHI0.300.250.400.260.40
Net GEX-169.7K-312.9K-104.4K-202.6K-150.5K
Net DEX29.3M18.0M36.4M32.8M18.9M
Net VEX-69.9K-108.5K-43.1K-108.5K-45.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.009.230.009.23
Total Volume2,389.058830,6265362,353
Total OI325,612245,645375,286374,568270,224

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$2.34$2.5072.4%20.8%129.0%8.2%235.9%-26.4%6.6%-202.6K32.8M-108.5K0.0017.21N/AN/A534296,260278,308
2023-09-05$2.44$2.5090.9%26.1%130.4%20.9%88.2%7.0%-3.2%-137.8K32.4M-108.5K0.0221.11N/AN/A6001096,669278,307
2023-09-06$2.34$2.5095.4%28.9%130.7%24.0%99.3%12.0%-18.2%-171.3K33.4M-99.5K0.1724.99N/AN/A1903296,975278,311
2023-09-07$2.37$2.5070.0%24.3%128.0%6.6%62.5%-2.5%-2.9%-144.4K33.3M-103.0K0.5130.58N/AN/A38619797,018277,087
2023-09-08$2.25$2.5085.6%27.0%65.6%17.3%93.5%7.2%-6.0%-185.7K35.7M-87.2K0.4832.99N/AN/A1477197,004277,283
2023-09-11$2.26$2.5092.8%25.6%65.1%22.2%87.8%1.8%-8.6%-175.5K35.4M-79.0K0.0156.70N/AN/A763497,058276,691
2023-09-12$2.25$2.50130.7%26.6%65.1%48.2%88.6%34.8%-6.5%-191.3K35.5M-78.8K0.2951.01N/AN/A1494396,954276,692
2023-09-13$2.17$2.5085.5%24.5%63.6%17.2%94.3%-8.0%-2.3%-312.9K35.5M-78.6K0.0258.67N/AN/A423897,048276,696
2023-09-14$2.21$2.5084.9%24.3%64.0%16.8%83.3%-13.1%11.1%-202.2K35.7M-72.7K0.7444.25N/AN/A14010397,310276,662
2023-09-15$2.20$2.5089.8%25.7%63.6%20.2%83.6%-9.9%5.3%-180.5K36.4M-65.4K0.7416.50N/AN/A28821397,394276,674
2023-09-18$2.16$2.5086.6%24.8%64.0%18.0%89.2%11.6%10.4%-182.7K35.8M-62.3K0.0614.93N/AN/A5793367,133248,693
2023-09-19$2.09$2.5093.4%26.8%65.0%22.6%92.3%13.7%3.7%-192.1K34.9M-63.6K0.3912.49N/AN/A45317867,298248,710
2023-09-20$2.05$2.5096.2%27.6%63.6%24.6%86.7%18.7%-3.6%-190.7K33.1M-73.2K1.0510.92N/AN/A434567,763248,872
2023-09-21$1.94$2.5096.0%27.5%58.1%24.4%85.3%-8.6%-1.9%-139.5K21.1M-45.3K0.0921.95N/AN/A3,21529367,931177,714
2023-09-22$1.96$2.5091.6%26.2%52.9%21.4%91.6%34.0%1.8%-143.0K20.8M-45.4K0.0211.55N/AN/A2,0463370,940176,189
2023-09-25$1.96$2.5096.9%27.8%52.5%25.0%97.0%35.9%0.8%-136.9K21.0M-43.1K0.5110.30N/AN/A20,22910,39772,530176,219
2023-09-26$1.75$2.5089.4%25.6%63.0%19.9%96.1%-31.0%-8.5%-104.4K18.3M-43.5K0.8612.93N/AN/A50143292,637177,096
2023-09-27$1.77$2.50100.0%28.7%55.1%27.1%104.3%-33.1%3.2%-111.1K18.4M-43.7K0.0116.68N/AN/A2,4991392,920176,752
2023-09-28$1.90$2.5095.1%27.3%63.0%23.8%92.4%-3.0%-2.4%-139.2K18.0M-50.4K0.0812.83N/AN/A1261093,475176,743
2023-09-29$1.94$2.5085.0%24.4%63.6%16.9%47.9%14.6%7.5%-150.5K18.9M-45.9K9.2312.68N/AN/A2302,12393,507176,717