IP Options History — October 2024

In October 2024, IP traded between $46.58 and $55.39. ATM implied volatility averaged 31.4%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 9.0% (HV 20d: 22.5%). Max pain ranged from $42.50 to $50.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 3.43.

Notable Days

  • 2024-10-31: Highest Volume — 26,370 contracts
  • 2024-10-23: Largest IV spike — 23.0% change
  • 2024-10-23: Highest IV Rank — 55.5%
  • 2024-10-30: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.21$46.58$55.39$49.23$55.39
Max Pain$49.22$42.50$50.00$42.50$49.50
ATM IV31.4%26.5%38.2%30.4%29.7%
Expected Move9.6%8.0%12.3%8.2%9.5%
HV 20d22.5%18.7%49.3%18.7%49.3%
HV 60d21.8%20.5%32.2%20.9%32.2%
IV Rank34.9%19.8%55.5%31.9%29.7%
IV Percentile74.6%49.2%91.7%72.6%63.1%
Term Structure-1.2%-12.4%9.0%-0.7%1.6%
VWIV33.5%28.4%41.4%28.4%36.2%
Skew 25d4.9%-6.4%23.0%16.4%-0.1%
Skew 10d6.6%-6.5%20.1%-0.8%6.6%
Call IV 25d27.4%15.9%32.9%18.1%21.4%
Put IV 25d32.3%18.9%43.4%34.5%21.4%
Bid-Ask Spread %66.8656.8279.2770.7369.45
Gamma HHI0.280.120.500.500.12
Net GEX6.1M-1.1M12.8M12.8M4.0M
Net DEX-163.9M-295.3M-39.2M-295.3M-251.1M
Net VEX-649.4K-725.1K-566.4K-718.4K-566.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.430.1334.070.460.76
Total Volume4,733.26155026,3702,04326,370
Total OI131,390.91378,160163,922149,755111,012

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-10-01$49.23$42.5030.4%8.2%18.7%31.9%28.4%16.4%-0.7%12.8M-295.3M-718.4K0.4670.731,398645102,16347,592
2024-10-02$48.36$42.5026.5%8.0%19.6%19.8%29.1%-0.3%5.8%12.1M-258.8M-725.1K2.7579.27280771103,12948,104
2024-10-03$47.81$47.5031.1%9.5%20.1%33.9%34.2%3.0%-0.2%11.6M-230.9M-717.3K34.0760.7134811,855103,24348,698
2024-10-04$48.30$50.0029.9%9.4%20.3%30.3%30.5%3.3%-3.3%12.4M-242.7M-713.8K0.5969.40711419103,33654,365
2024-10-07$47.45$50.0034.7%9.5%21.0%44.8%32.4%6.3%-4.2%10.7M-208.5M-699.7K1.4466.598131,173103,20854,354
2024-10-08$47.45$50.0033.1%9.4%20.8%39.8%31.6%5.2%0.9%10.3M-204.9M-703.3K0.6364.86450285103,38655,534
2024-10-09$47.05$50.0032.1%9.2%21.0%36.9%32.0%4.7%0.8%9.2M-183.5M-676.7K1.4366.781,3971,993103,57855,649
2024-10-10$46.83$50.0031.5%8.9%20.0%35.2%32.6%3.1%-1.5%8.1M-176.7M-643.9K0.5666.13695389103,89256,974
2024-10-11$48.11$50.0032.3%9.6%21.6%37.5%32.6%-6.4%3.6%11.1M-230.5M-662.7K1.3865.471,1281,552104,06657,310
2024-10-14$48.08$50.0032.3%9.3%19.5%37.5%36.5%3.8%-1.5%10.7M-225.3M-655.8K0.1365.761,302168104,24058,422
2024-10-15$47.66$50.0032.6%9.3%19.4%38.4%32.6%3.3%-1.9%7.5M-209.0M-633.3K0.6269.43570352104,40558,550
2024-10-16$47.98$50.0032.1%9.2%19.4%36.9%32.7%2.6%-2.2%9.7M-211.4M-614.7K0.7066.70324226102,73358,570
2024-10-17$46.70$50.0031.4%9.2%21.1%34.8%33.8%5.5%-4.7%3.0M-159.1M-591.3K2.6372.651,0512,767102,78958,616
2024-10-18$46.58$50.0031.5%9.2%20.0%35.0%30.6%3.6%-1.2%-423.4K-149.8M-595.1K0.5874.621,677970102,96560,957
2024-10-21$46.67$50.0028.7%9.3%19.8%26.4%31.9%3.4%-0.9%1.2M-45.5M-585.7K0.4265.4660625241,57436,586
2024-10-22$47.53$50.0031.0%9.7%21.0%33.6%32.5%18.4%-7.1%1.6M-59.6M-588.6K0.3868.9864724342,00936,776
2024-10-23$49.03$50.0038.2%9.8%23.5%55.5%37.6%5.8%-12.4%2.2M-82.7M-605.3K18.3963.7056610,40642,39436,945
2024-10-24$48.52$50.0031.1%10.1%23.0%33.8%34.8%2.8%-2.1%1.6M-69.8M-621.3K0.6160.632,1361,29742,71541,031
2024-10-25$48.50$50.0031.6%10.0%23.0%35.2%34.3%3.2%-2.5%1.3M-75.3M-628.8K0.4665.792,2461,02344,56842,269
2024-10-28$48.86$50.0027.5%10.9%23.1%22.9%35.6%23.0%9.0%1.3M-81.5M-642.6K5.9669.581,4098,40045,55242,542
2024-10-29$47.58$50.0029.6%11.3%24.9%29.4%37.0%2.3%-1.3%-1.1M-39.2M-674.1K3.8058.224661,77246,79750,407
2024-10-30$49.20$50.0034.4%12.3%27.0%44.0%41.4%0.2%-1.7%-167.6K-78.7M-671.9K0.1856.8212,9302,38747,14950,837
2024-10-31$55.39$49.5029.7%9.5%49.3%29.7%36.2%-0.1%1.6%4.0M-251.1M-566.4K0.7669.4514,98411,38659,22351,789