INVZ Options History — January 2024

In January 2024, INVZ traded between $1.65 and $2.56. ATM implied volatility averaged 115.3%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 32.5%. IV traded above realized volatility by 35.0% (HV 20d: 80.3%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 5.85.

Notable Days

  • 2024-01-18: Highest Volume — 122,117 contracts
  • 2024-01-09: Largest IV drop — 23.9% change
  • 2024-01-08: Highest IV Rank — 55.0%
  • 2024-01-03: Largest Expected Move — 36.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.98$1.65$2.56$2.56$1.67
Max Pain$2.29$2.00$2.50$2.50$2.00
ATM IV115.3%105.7%140.7%120.2%109.4%
Expected Move32.5%30.3%36.5%34.5%31.4%
HV 20d80.3%51.5%124.6%120.4%62.1%
HV 60d104.1%101.5%105.8%105.5%101.5%
IV Rank37.6%31.0%55.0%40.9%33.6%
IV Percentile82.8%70.6%95.6%90.1%76.2%
Term Structure-5.7%-21.1%34.0%-19.8%5.6%
VWIV115.6%104.9%128.4%118.9%127.6%
Skew 25d0.6%-44.8%35.9%-6.7%-12.4%
Skew 10d15.1%-40.8%101.7%17.5%22.8%
Call IV 25d111.2%76.0%132.8%132.8%123.6%
Put IV 25d111.8%78.3%138.4%126.1%111.2%
Bid-Ask Spread %35.2910.7266.9223.4126.17
Gamma HHI0.450.390.580.400.41
Net GEX267.1K116.6K417.2K414.3K168.4K
Net DEX-9.5M-26.9M2.4M-26.9M-5.9M
Net VEX-145.7K-178.7K-118.4K-178.7K-128.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.850.00102.610.800.24
Total Volume9,561.28664122,1173,521574
Total OI396,344.429321,725483,577427,609324,742

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$2.56$2.50120.2%34.5%120.4%40.9%118.9%-6.7%-19.8%414.3K-26.9M-178.7K0.8023.41N/AN/A1,9521,569282,731144,878
2024-01-03$2.44$2.50127.3%36.5%122.7%45.8%120.9%4.5%-21.1%405.3K-21.9M-174.9K0.0215.11N/AN/A3,18277283,778144,322
2024-01-04$2.42$2.50125.5%33.2%122.2%44.6%108.9%-6.4%-14.8%402.3K-22.5M-171.0K0.2435.82N/AN/A3,277773284,877144,347
2024-01-05$2.34$2.50128.8%32.7%123.4%46.8%113.5%1.8%-9.6%417.2K-18.3M-171.2K0.0649.55N/AN/A2,490138292,380145,510
2024-01-08$2.27$2.50140.7%34.1%124.3%55.0%106.2%9.6%-13.7%412.3K-15.9M-161.7K1.8717.28N/AN/A7951,486293,733145,635
2024-01-09$2.24$2.50107.0%32.7%124.6%31.9%116.6%-2.7%-9.6%409.9K-15.8M-147.8K0.1120.15N/AN/A67571294,373146,303
2024-01-10$2.17$2.50106.3%30.5%86.5%31.5%104.9%17.3%-2.3%398.8K-10.3M-150.7K3.4266.92N/AN/A6002,052294,435146,352
2024-01-11$2.12$2.50105.7%30.3%73.0%31.0%106.7%-5.7%0.3%385.5K-7.9M-147.9K0.2562.69N/AN/A417105294,269146,891
2024-01-12$1.92$2.50109.0%31.3%79.1%33.3%108.2%-44.8%-3.0%266.3K-1.9M-133.4K0.7717.98N/AN/A457350294,228146,889
2024-01-16$1.85$2.50120.9%34.7%59.7%41.5%125.3%-3.2%-16.1%220.0K-464.9K-121.4K0.9359.82N/AN/A631588294,655146,356
2024-01-17$1.79$2.50117.0%33.5%57.4%38.8%114.1%-3.9%-18.5%128.0K1.6M-121.2K0.3465.43N/AN/A347117295,071145,938
2024-01-18$1.77$2.50114.9%32.9%55.8%37.3%110.3%35.9%-0.9%116.6K2.4M-118.4K0.0154.23N/AN/A121,233884295,077145,819
2024-01-19$1.77$2.00110.0%31.5%51.5%34.0%114.8%-1.4%-5.8%205.2K-4.0M-140.3K102.6143.32N/AN/A45146,278350,152133,425
2024-01-22$1.87$2.00115.4%33.1%57.2%37.7%111.0%1.0%-9.8%188.9K-9.4M-160.8K0.0118.85N/AN/A2,53133202,145120,353
2024-01-23$1.92$2.00111.4%31.9%56.8%34.9%122.8%-38.3%-2.0%211.6K-11.2M-155.1K0.0029.83N/AN/A2,87213201,352120,373
2024-01-24$1.73$2.00106.8%30.6%64.9%31.8%119.1%14.3%0.5%185.6K-9.3M-122.1K0.0123.93N/AN/A5538203,900120,374
2024-01-25$1.71$2.00109.1%31.3%64.9%33.4%127.7%28.2%11.9%174.0K-6.7M-140.1K0.1631.32N/AN/A20433204,103120,160
2024-01-26$1.69$2.00113.8%32.6%57.6%36.5%111.1%24.8%-15.5%159.2K-5.0M-144.4K0.1231.12N/AN/A577204,199120,154
2024-01-29$1.75$2.00112.6%32.3%61.2%35.8%111.3%19.4%34.0%189.8K-7.1M-130.8K10.7437.36N/AN/A2012,159204,235120,154
2024-01-30$1.65$2.00109.8%31.5%61.9%33.8%128.4%-19.0%-9.0%150.0K-3.9M-139.5K0.0610.72N/AN/A51631204,386120,179
2024-01-31$1.67$2.00109.4%31.4%62.1%33.6%127.6%-12.4%5.6%168.4K-5.9M-128.6K0.2426.17N/AN/A464110204,550120,192