IT Options History — July 2007

In July 2007, IT traded between $20.93 and $24.82. ATM implied volatility averaged 31.4%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.8% (HV 20d: 24.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2007-07-30: Highest Volume — 325 contracts
  • 2007-07-31: Largest IV drop — 39.9% change
  • 2007-07-30: Highest IV Rank — 93.9%
  • 2007-07-30: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.80$20.93$24.82$24.57$20.93
Max Pain$23.81$22.50$25.00$25.00$22.50
ATM IV31.4%25.3%55.0%26.2%33.1%
Expected Move9.2%7.3%15.8%7.5%9.5%
HV 20d24.6%16.9%31.4%27.9%31.4%
HV 60d30.1%29.0%32.0%29.9%29.0%
IV Rank37.1%20.7%93.9%21.1%39.8%
IV Percentile88.5%49.2%99.3%54.8%96.5%
Term Structure-3.0%-17.5%2.7%1.6%-0.1%
VWIV37.1%24.4%55.1%35.6%24.4%
Skew 25d5.0%-0.4%8.7%6.5%-0.4%
Skew 10d3.3%-2.4%8.6%4.1%0.7%
Call IV 25d24.6%20.2%35.6%20.9%29.7%
Put IV 25d29.6%27.4%36.5%27.4%29.2%
Bid-Ask Spread %53.7328.9584.3328.9561.67
Gamma HHI0.510.300.780.560.78
Net GEX-823-9.7K22.3K-4.2K22.3K
Net DEX270.6K83.1K683.8K155.5K683.8K
Net VEX-4.0K-4.4K-3.1K-4.3K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.001.380.000.02
Total Volume62.23803250322
Total OI1,036.9059531,5039531,503

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-07-02$24.57$25.0026.2%7.5%27.9%0.0%0.0%6.5%1.6%-4.2K155.5K-4.3K0.0028.9500415538
2007-07-03$24.56$25.0026.9%7.7%27.8%0.0%0.0%6.7%0.6%-4.1K146.8K-4.3K0.0066.6800415538
2007-07-05$24.45$25.0025.5%7.3%27.6%21.1%35.6%7.3%2.7%-3.7K196.2K-4.1K0.0038.8301415538
2007-07-06$24.55$22.5026.1%8.1%26.7%22.5%0.0%7.3%-1.0%-3.1K154.2K-4.2K0.0065.9500415538
2007-07-09$24.82$22.5026.1%8.4%26.3%22.5%0.0%8.7%-1.5%-1.7K102.7K-4.1K0.0064.34500415538
2007-07-10$24.36$22.5026.6%8.0%26.9%23.8%0.0%6.5%-0.6%-192148.0K-4.3K0.0044.90100465538
2007-07-11$24.61$22.5025.3%8.2%25.4%20.7%0.0%5.1%-0.8%1.8K101.0K-4.4K0.0070.6000465538
2007-07-12$24.68$22.5029.1%8.4%22.4%30.1%0.0%6.8%-2.1%1.8K84.1K-4.3K0.0039.4400465538
2007-07-13$24.64$22.5028.2%8.1%22.4%27.9%0.0%7.5%-1.0%3.4K83.1K-4.3K0.0048.6000465538
2007-07-16$24.14$22.5028.0%8.0%23.0%27.3%28.1%5.7%-0.8%-2.1K261.3K-4.1K1.0069.391010465538
2007-07-17$24.23$25.0028.5%8.2%22.5%28.5%0.0%6.9%-1.3%-2.1K240.3K-4.1K0.0041.5810465548
2007-07-18$24.16$25.0030.7%8.8%21.8%34.0%30.6%5.1%-2.9%-3.1K279.7K-4.1K0.0063.93520465548
2007-07-19$24.46$25.0031.9%9.2%20.4%37.1%0.0%7.0%-4.3%5.7K119.2K-4.4K0.0050.0800517548
2007-07-20$24.08$25.0030.9%8.9%21.1%34.5%0.0%5.1%-2.2%-2.7K234.7K-4.2K0.0065.6600517548
2007-07-23$24.17$25.0032.9%9.4%16.9%39.4%0.0%5.9%-4.2%-9.7K200.5K-4.2K0.0046.52160447548
2007-07-24$23.02$25.0032.3%9.3%24.2%38.0%0.0%0.8%-3.7%-9.1K496.3K-3.6K1.3842.672940450548
2007-07-25$23.10$25.0031.6%9.1%24.3%36.2%0.0%2.1%-3.4%-9.6K485.2K-3.8K0.6747.424530461558
2007-07-26$22.25$25.0037.1%10.6%26.8%49.8%37.1%2.9%-6.5%-7.3K639.6K-3.2K1.0484.33125130450554
2007-07-27$21.90$22.5048.4%13.9%25.3%77.7%48.6%0.7%-13.3%3.2K503.9K-3.4K0.2349.319021565541
2007-07-30$22.13$22.5055.0%15.8%25.9%93.9%55.1%0.9%-17.5%7.1K366.7K-3.8K0.1137.4529332654560
2007-07-31$20.93$22.5033.1%9.5%31.4%39.8%24.4%-0.4%-0.1%22.3K683.8K-3.1K0.0261.673175913590