IP Options History — August 2022

In August 2022, IP traded between $41.70 and $44.98. ATM implied volatility averaged 24.0%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 0.5% (HV 20d: 24.5%). Max pain ranged from $42.50 to $42.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.69.

Notable Days

  • 2022-08-19: Highest Volume — 6,887 contracts
  • 2022-08-19: Largest IV spike — 12.5% change
  • 2022-08-30: Highest IV Rank — 18.9%
  • 2022-08-30: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.06$41.70$44.98$42.69$41.78
Max Pain$42.50$42.50$42.50$42.50$42.50
ATM IV24.0%21.1%27.6%25.1%27.3%
Expected Move6.9%6.0%8.0%7.5%8.0%
HV 20d24.5%19.2%27.1%27.1%23.3%
HV 60d26.8%26.3%27.3%26.4%27.2%
IV Rank8.8%0.1%18.9%12.9%18.2%
IV Percentile17.1%0.4%54.0%23.4%48.8%
Term Structure0.3%-1.7%2.0%-0.1%0.3%
VWIV24.2%21.2%28.0%28.0%27.9%
Skew 25d4.8%3.2%6.2%6.1%4.8%
Skew 10d11.0%4.4%15.5%11.9%10.6%
Call IV 25d22.3%19.6%25.9%23.2%25.9%
Put IV 25d27.1%24.2%31.0%29.3%30.7%
Bid-Ask Spread %36.8612.8563.4223.8235.88
Gamma HHI0.280.200.400.250.24
Net GEX2.7M-921.2K6.9M2.2M868.4K
Net DEX-16.7M-68.7M22.7M-9.3M12.3M
Net VEX-847.1K-1.0M-736.0K-853.7K-767.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.1013.843.581.73
Total Volume2,712.6963656,8874,8224,137
Total OI128,631.565119,567133,263128,967125,425

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-08-01$42.69$42.5025.1%7.5%27.1%12.9%28.0%6.1%-0.1%2.2M-9.3M-853.7K3.5823.821,0543,76883,52745,440
2022-08-02$42.43$42.5025.9%7.5%26.8%15.0%26.1%6.1%-0.5%1.3M1.7M-809.1K1.6933.341,8383,09883,75046,900
2022-08-03$42.62$42.5024.3%7.2%26.7%10.5%25.0%5.6%-0.1%1.4M-423.5K-798.4K2.0753.791,3112,70984,28747,005
2022-08-04$41.96$42.5025.3%6.9%25.5%13.4%26.2%4.4%0.1%191.8K12.1M-793.1K2.1719.291,7603,81384,86447,226
2022-08-05$41.70$42.5023.9%6.8%25.5%9.2%25.4%5.5%0.7%-921.2K22.7M-736.0K1.8437.841,6863,09485,05447,617
2022-08-08$42.56$42.5022.9%6.8%26.0%6.4%25.0%4.6%1.4%-41.2K-1.4M-817.6K1.9422.491,5683,03783,80247,257
2022-08-09$42.38$42.5024.2%6.8%25.5%10.2%25.7%4.8%-0.4%34.7K2.3M-778.5K1.4927.8129544183,99947,210
2022-08-10$43.35$42.5022.2%6.7%26.2%4.4%21.2%4.1%0.7%1.7M-20.6M-831.5K0.3822.731,53758984,06947,558
2022-08-11$43.77$42.5021.1%6.0%26.2%1.3%21.2%3.2%-0.0%3.1M-34.3M-880.0K0.1440.072,42634284,80047,788
2022-08-12$44.50$42.5022.3%6.2%26.7%4.8%21.7%4.3%-1.1%5.5M-65.0M-1.0M0.5934.772,0901,23883,91748,027
2022-08-15$44.50$42.5022.1%6.3%25.7%2.7%24.1%4.4%1.7%5.6M-53.4M-970.3K0.2845.0952814884,40447,486
2022-08-16$44.98$42.5021.4%6.2%23.2%0.8%22.4%4.5%0.6%6.9M-68.7M-970.7K0.7256.2075154284,79547,462
2022-08-17$44.55$42.5021.6%6.2%23.5%1.3%22.2%4.9%0.4%6.7M-52.4M-951.9K0.3312.852749185,19447,816
2022-08-18$44.18$42.5021.2%6.0%23.7%0.1%21.8%5.1%2.0%6.0M-45.9M-922.8K0.6121.8723014185,30147,833
2022-08-19$43.59$42.5023.8%7.0%24.3%7.8%25.4%3.9%-1.7%4.8M-31.7M-864.1K13.8414.154646,42385,35847,905
2022-08-22$42.55$42.5025.3%7.3%25.7%12.3%23.8%5.0%-0.4%2.2M-5.4M-820.9K1.2241.3578896082,70336,864
2022-08-23$42.83$42.5024.6%6.8%21.2%10.2%21.6%6.1%-0.3%2.5M-4.4M-789.9K0.3248.6970822383,18337,613
2022-08-24$42.64$42.5024.1%7.0%19.2%8.7%22.8%5.0%0.4%2.2M-3.2M-817.9K0.2650.5366117183,80137,768
2022-08-25$43.76$42.5023.3%6.4%21.3%6.3%21.6%4.3%0.6%4.0M-30.0M-869.1K0.1052.501,81117784,25337,824
2022-08-26$42.78$42.5025.1%7.5%22.9%11.6%26.1%4.2%1.0%2.9M-12.5M-830.5K0.8663.421,5241,31085,34637,889
2022-08-29$42.28$42.5026.7%7.8%23.2%16.2%24.7%4.1%0.9%1.8M1.7M-783.8K0.4143.7386035085,52338,494
2022-08-30$42.10$42.5027.6%8.0%23.2%18.9%26.8%6.2%-0.1%1.6M2.3M-813.8K2.3345.4642899885,64438,545
2022-08-31$41.78$42.5027.3%8.0%23.3%18.2%27.9%4.8%0.3%868.4K12.3M-767.4K1.7335.881,5182,61986,02239,403