IT Options History — February 2009

In February 2009, IT traded between $9.97 and $14.96. ATM implied volatility averaged 75.8%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded below realized volatility by 27.6% (HV 20d: 103.4%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.58.

Notable Days

  • 2009-02-06: Highest Volume — 89 contracts
  • 2009-02-04: Largest IV spike — 68.2% change
  • 2009-02-04: Highest IV Rank — 72.6%
  • 2009-02-04: Largest Expected Move — 35.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.46$9.97$14.96$14.60$10.11
Max Pain$13.95$12.50$17.50$15.00$12.50
ATM IV75.8%64.7%123.7%76.2%73.1%
Expected Move21.8%18.6%35.5%21.8%21.0%
HV 20d103.4%47.7%114.8%48.6%113.5%
HV 60d81.7%69.6%92.3%72.5%79.3%
IV Rank35.2%26.5%72.6%35.5%33.1%
IV Percentile68.7%61.9%96.0%72.2%64.3%
Term Structure-7.1%-42.7%0.9%-4.2%-3.7%
VWIV70.2%48.8%105.0%105.0%64.0%
Skew 25d9.9%-34.6%34.1%6.8%14.8%
Skew 10d19.1%-12.4%34.8%34.8%13.2%
Call IV 25d64.5%47.6%102.1%67.0%52.8%
Put IV 25d74.4%63.5%113.4%73.8%67.6%
Bid-Ask Spread %83.9955.05140.0999.5175.91
Gamma HHI0.550.310.740.720.62
Net GEX3.3K25213.4K12.5K1.2K
Net DEX45.6K-175.0K99.9K-74.2K68.6K
Net VEX-327-1.0K-110-843-120
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.002.182.180.00
Total Volume11.63208900
Total OI905.8427021,051936702

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-02-02$14.60$15.0076.2%21.8%48.6%35.5%0.0%6.8%-4.2%12.5K-74.2K-8430.0099.5100796140
2009-02-03$14.74$15.0073.6%21.1%48.2%33.4%0.0%5.0%-10.5%13.4K-80.9K-8110.00100.2400796140
2009-02-04$14.96$15.00123.7%35.5%47.7%72.6%0.0%34.1%-42.7%9.3K-175.0K-1.0K0.00140.0900796140
2009-02-05$11.13$15.0089.3%25.6%111.8%45.7%105.0%-34.6%-15.3%6.4K59.3K-3992.18120.141124796140
2009-02-06$11.72$17.5071.0%20.1%114.6%31.4%68.4%-0.0%-4.7%2.6K52.3K-2620.7170.42523780087
2009-02-09$11.70$15.0075.5%19.6%113.9%34.9%67.7%9.2%-3.2%2.4K65.0K-3200.0063.1205842120
2009-02-10$11.01$15.0070.4%22.4%114.6%31.0%48.8%5.3%-7.3%1.2K85.6K-2470.0055.0505842125
2009-02-11$11.11$15.0067.1%21.6%114.7%28.3%68.1%18.9%-4.1%25299.9K-2040.0072.00250842125
2009-02-12$11.51$15.0069.0%19.8%114.6%29.8%69.2%21.5%-4.3%1.8K73.7K-2870.0072.1650867125
2009-02-13$11.51$15.0064.7%18.6%114.7%26.5%64.0%19.8%0.9%64585.8K-2580.0071.23550869125
2009-02-17$11.13$12.5076.0%21.8%114.8%35.3%0.0%14.2%-5.8%1.8K75.7K-2690.0080.8402924125
2009-02-18$11.00$12.5073.7%21.1%114.4%33.5%0.0%10.5%-3.6%1.8K82.1K-2490.0074.8900924127
2009-02-19$10.67$12.5074.1%21.2%112.6%33.8%0.0%5.4%-4.8%1.7K93.5K-2000.0092.7500924127
2009-02-20$10.41$12.5073.8%21.2%112.7%33.6%0.0%9.0%-5.1%1.5K77.6K-1810.0078.5600924107
2009-02-23$10.06$12.5072.3%20.7%112.8%32.4%0.0%3.4%-1.8%1.3K72.0K-1360.0080.110061197
2009-02-24$10.39$12.5070.5%20.2%113.7%31.0%0.0%22.9%-1.6%1.4K67.4K-1500.0085.200061191
2009-02-25$10.00$12.5073.4%21.1%113.7%33.3%0.0%11.2%-5.8%1.1K68.6K-1260.0080.470061191
2009-02-26$9.97$12.5072.6%20.8%113.0%32.6%0.0%11.3%-8.1%1.1K69.9K-1100.0083.110061191
2009-02-27$10.11$12.5073.1%21.0%113.5%33.1%0.0%14.8%-3.7%1.2K68.6K-1200.0075.910061191