INVZ Options History — December 2023

In December 2023, INVZ traded between $1.75 and $2.88. ATM implied volatility averaged 117.0%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 30.7%. IV traded below realized volatility by 3.4% (HV 20d: 120.4%). Max pain ranged from $1.50 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 3.63.

Notable Days

  • 2023-12-11: Highest Volume — 185,316 contracts
  • 2023-12-13: Largest IV drop — 42.6% change
  • 2023-12-12: Highest IV Rank — 90.2%
  • 2023-12-12: Largest Expected Move — 36.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.36$1.75$2.88$1.77$2.54
Max Pain$2.60$1.50$3.00$1.50$2.50
ATM IV117.0%93.9%192.1%109.5%109.0%
Expected Move30.7%26.5%36.0%31.4%31.2%
HV 20d120.4%99.7%139.5%106.9%120.4%
HV 60d99.7%86.1%108.0%86.7%106.1%
IV Rank38.8%22.9%90.2%33.7%33.3%
IV Percentile82.4%57.9%99.6%84.9%80.6%
Term Structure-2.5%-22.0%8.8%-11.4%-18.0%
VWIV109.8%94.4%128.4%98.6%123.9%
Skew 25d-7.4%-49.6%20.6%-16.5%-49.6%
Skew 10d18.0%-21.9%44.4%21.9%-21.9%
Call IV 25d112.3%72.7%128.1%102.3%126.8%
Put IV 25d104.9%77.2%122.9%85.8%77.2%
Bid-Ask Spread %25.7314.6647.8526.4818.38
Gamma HHI0.470.330.640.600.36
Net GEX239.4K131.8K385.9K131.8K350.6K
Net DEX-18.6M-42.5M3.2M2.7M-22.9M
Net VEX-140.1K-198.2K-60.9K-63.2K-175.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.630.0063.790.360.01
Total Volume24,985.95190185,31619043,972
Total OI371,255.45234,451487,706234,451406,448

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$1.77$1.50109.5%31.4%106.9%33.7%0.0%-16.5%-11.4%131.8K2.7M-63.2K0.3626.48N/AN/A14050131,940102,511
2023-12-04$1.79$3.00123.4%28.2%106.7%43.1%98.6%20.6%2.3%144.1K3.0M-61.6K0.0047.85N/AN/A4491132,049102,561
2023-12-05$1.75$3.0093.9%28.3%106.7%22.9%94.4%-2.3%8.1%134.9K3.2M-61.7K0.2124.87N/AN/A579123132,403102,560
2023-12-06$1.79$3.00103.1%26.5%106.9%29.3%94.8%2.1%1.4%159.3K2.5M-60.9K0.0044.97N/AN/A20,87233132,636102,593
2023-12-07$1.79$3.00109.3%28.0%101.7%33.5%102.8%-4.3%-5.8%182.4K1.4M-69.2K0.2640.28N/AN/A32183153,393102,645
2023-12-08$1.81$3.00136.0%28.2%99.7%51.8%98.6%-2.9%-10.2%182.5K1.4M-70.7K0.0435.07N/AN/A29312153,534102,726
2023-12-11$2.33$3.00175.7%35.2%132.1%78.9%128.4%-6.8%-22.0%142.5K-9.8M-84.9K0.0617.49N/AN/A174,82310,493153,607102,737
2023-12-12$2.63$2.50192.1%36.0%137.3%90.2%116.1%-4.6%-18.9%385.9K-40.8M-159.6K3.6925.58N/AN/A17,90466,151303,951114,293
2023-12-13$2.54$2.50110.2%31.6%134.3%34.1%112.7%2.0%-10.0%327.2K-31.1M-166.6K1.4518.58N/AN/A20,30129,414285,248167,153
2023-12-14$2.88$2.50112.3%32.2%139.5%35.5%112.1%-2.8%2.4%217.0K-42.5M-198.2K0.0522.89N/AN/A17,281820284,824196,088
2023-12-15$2.69$2.50102.4%29.4%134.3%28.8%113.6%-13.4%1.2%212.0K-38.9M-191.6K0.0327.52N/AN/A8,151232291,859195,847
2023-12-18$2.54$2.50109.4%31.4%126.7%33.6%113.4%-9.0%3.7%213.5K-22.4M-187.8K0.0317.50N/AN/A3,974138251,794194,546
2023-12-19$2.65$2.50103.3%29.6%125.1%29.4%114.5%-15.9%3.1%230.9K-25.8M-189.7K0.0714.90N/AN/A7,172487253,964194,615
2023-12-20$2.54$2.50108.5%31.1%123.5%33.0%107.6%-1.8%5.1%250.4K-23.8M-152.8K0.2315.09N/AN/A3,705837257,761194,992
2023-12-21$2.62$2.50103.8%29.8%122.9%29.7%110.6%-6.9%7.4%243.8K-23.8M-187.0K0.8119.62N/AN/A3,5412,863258,109195,511
2023-12-22$2.59$2.50106.2%30.4%122.5%31.3%112.0%-8.4%6.9%254.2K-24.1M-185.8K63.7928.05N/AN/A92859,196260,636193,556
2023-12-26$2.55$2.50111.1%31.9%121.3%34.7%121.6%-13.6%-1.1%333.9K-24.3M-173.9K0.0826.97N/AN/A1,01784261,123143,590
2023-12-27$2.71$2.50114.8%32.9%120.0%37.2%107.3%7.3%-2.9%329.3K-28.7M-182.8K0.3427.78N/AN/A1,387467261,783143,620
2023-12-28$2.67$2.50106.1%30.4%120.1%31.3%102.4%-20.8%8.8%362.2K-27.3M-179.6K1.0714.66N/AN/A688737261,907143,996
2023-12-29$2.54$2.50109.0%31.2%120.4%33.3%123.9%-49.6%-18.0%350.6K-22.9M-175.1K0.0118.38N/AN/A43,410562262,122144,326