IT Options History — February 2007

In February 2007, IT traded between $21.00 and $22.65. ATM implied volatility averaged 24.3%. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.9% (HV 20d: 23.4%). Max pain ranged from $15.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.84.

Notable Days

  • 2007-02-28: Highest Volume — 48 contracts
  • 2007-02-07: Largest IV spike — 34.9% change
  • 2007-02-05: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.98$21.00$22.65$22.49$21.16
Max Pain$16.97$15.00$22.50$22.50$17.50
ATM IV24.3%17.7%26.6%26.6%18.5%
Expected Move7.1%5.1%7.7%7.6%5.3%
HV 20d23.4%18.1%28.9%19.2%28.9%
Term Structure1.3%-0.5%9.5%-0.5%9.5%
VWIV23.4%17.7%31.2%26.7%19.2%
Skew 25d-1.4%-5.2%4.6%-5.2%2.1%
Skew 10d-1.1%-8.8%9.0%-8.8%2.2%
Call IV 25d22.9%17.3%26.1%26.1%17.3%
Put IV 25d21.5%18.1%27.5%20.9%19.5%
Bid-Ask Spread %64.5515.3094.2524.5252.01
Gamma HHI0.720.620.830.830.68
Net GEX9.5K7.0K12.2K9.4K11.4K
Net DEX-409.8K-470.3K-281.1K-447.8K-311.3K
Net VEX-1.3K-1.3K-1.1K-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.0020.000.380.71
Total Volume14.4740481848
Total OI583.316536616536613

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$22.49$22.5026.6%7.6%19.2%0.0%0.0%-5.2%-0.5%9.4K-447.8K-1.1K0.3824.52135295241
2007-02-02$22.30$15.0025.8%7.4%19.1%0.0%0.0%-5.0%0.1%9.7K-450.3K-1.2K0.0081.7100308246
2007-02-05$22.65$15.0025.5%7.7%18.1%0.0%26.7%1.4%0.1%10.0K-470.3K-1.2K0.0084.5840308246
2007-02-06$21.83$15.0018.5%7.5%23.3%0.0%26.7%4.6%-0.2%10.7K-413.7K-1.2K0.0082.26190312246
2007-02-07$22.21$15.0024.9%7.3%23.7%0.0%25.4%0.0%0.7%10.0K-443.6K-1.2K1.0085.951010309246
2007-02-08$22.17$15.0025.6%7.3%23.8%0.0%0.0%0.1%0.6%10.0K-443.6K-1.2K0.0085.9400310256
2007-02-09$22.04$15.0025.3%7.2%23.7%0.0%25.3%-1.6%0.9%10.0K-428.5K-1.2K0.0086.28030310256
2007-02-12$21.79$17.5025.2%7.2%24.2%0.0%25.3%-4.0%0.3%7.8K-360.6K-1.2K0.0088.38180310286
2007-02-13$22.02$17.5025.2%7.2%24.3%0.0%18.5%-1.7%0.6%7.0K-387.6K-1.3K0.0086.77170315286
2007-02-14$22.10$17.5025.4%7.3%24.3%0.0%22.0%-0.4%0.6%7.3K-419.3K-1.3K0.0094.25010330286
2007-02-15$21.85$17.5025.5%7.3%23.4%0.0%0.0%-1.9%0.4%8.7K-395.6K-1.3K0.0087.4300330286
2007-02-16$21.78$17.5025.1%7.2%23.3%0.0%0.0%-3.8%1.0%8.9K-377.0K-1.3K0.0089.61010330286
2007-02-20$22.02$17.5025.8%7.4%23.5%0.0%31.2%-1.4%-0.2%10.2K-425.2K-1.3K0.0036.64180330246
2007-02-21$21.87$17.5024.7%7.1%23.7%0.0%0.0%-2.7%0.6%10.6K-416.7K-1.3K0.0038.5900337246
2007-02-22$22.02$17.5025.0%7.2%23.1%0.0%19.8%-1.3%0.7%10.2K-430.2K-1.3K0.0037.8750337246
2007-02-23$22.24$17.5025.9%7.4%23.2%0.0%25.9%-0.5%0.1%10.1K-458.7K-1.3K20.0015.96120337246
2007-02-26$22.13$17.5025.6%7.3%23.0%0.0%20.4%-1.0%0.3%7.0K-424.8K-1.3K0.0015.30240338266
2007-02-27$21.00$17.5017.7%5.1%28.7%0.0%17.7%-3.9%9.1%12.2K-281.1K-1.2K0.0052.50130341266
2007-02-28$21.16$17.5018.5%5.3%28.9%0.0%19.2%2.1%9.5%11.4K-311.3K-1.2K0.7152.012820347266