IT Options History — November 2009

In November 2009, IT traded between $18.44 and $20.16. ATM implied volatility averaged 28.5%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 4.1% (HV 20d: 32.6%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.05.

Notable Days

  • 2009-11-23: Highest Volume — 76 contracts
  • 2009-11-04: Largest IV spike — 27.2% change
  • 2009-11-04: Highest IV Rank — 13.9%
  • 2009-11-04: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.35$18.44$20.16$18.88$18.92
Max Pain$15.50$15.00$17.50$17.50$15.00
ATM IV28.5%23.7%36.6%24.2%23.7%
Expected Move8.4%6.8%10.5%6.9%6.8%
HV 20d32.6%29.7%35.4%30.5%32.5%
HV 60d26.5%25.0%28.2%25.2%28.1%
IV Rank8.1%4.7%13.9%5.1%4.7%
IV Percentile7.2%2.8%26.6%2.8%2.8%
Term Structure2.9%-0.5%4.7%3.7%2.5%
VWIV26.4%24.4%27.4%24.4%27.4%
Skew 25d6.2%-5.0%12.9%6.9%4.7%
Skew 10d11.4%-7.3%28.5%7.8%22.8%
Call IV 25d25.8%22.1%32.1%27.9%26.9%
Put IV 25d32.0%21.5%36.9%34.8%31.5%
Bid-Ask Spread %57.8722.0485.2265.5585.22
Gamma HHI0.610.500.680.660.65
Net GEX19.1K15.0K26.1K18.4K26.1K
Net DEX-860.7K-1.0M-610.4K-706.2K-835.8K
Net VEX-1.6K-2.2K-1.2K-2.2K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.200.000.20
Total Volume6.95076200
Total OI1,346.151,3241,3601,3251,360

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-11-02$18.88$17.5024.2%6.9%30.5%5.1%0.0%6.9%3.7%18.4K-706.2K-2.2K0.0065.55200633692
2009-11-03$18.81$17.5028.8%8.3%30.5%8.3%0.0%8.2%2.7%18.6K-689.1K-2.2K0.0064.5200633692
2009-11-04$18.44$17.5036.6%10.5%30.1%13.9%0.0%1.1%-0.5%19.1K-610.4K-2.2K0.0055.5000633692
2009-11-05$19.16$17.5028.1%8.1%32.6%7.8%0.0%8.8%3.1%18.8K-778.9K-2.0K0.0063.0800633692
2009-11-06$19.18$15.0025.9%8.9%29.7%6.3%0.0%8.0%4.0%18.7K-788.3K-2.0K0.0056.52030633692
2009-11-09$19.62$15.0028.5%9.1%30.7%8.1%0.0%11.8%3.3%17.7K-893.3K-1.7K0.0056.9500633721
2009-11-10$19.42$15.0026.2%9.3%30.8%6.4%0.0%10.2%2.8%17.0K-844.4K-1.8K0.0057.7100633721
2009-11-11$19.83$15.0027.8%9.0%31.6%7.6%24.4%11.6%3.6%17.4K-942.2K-1.6K0.0060.0410633721
2009-11-12$19.21$15.0032.2%9.2%33.1%10.7%0.0%7.6%2.6%18.7K-813.1K-1.8K0.0074.2400633721
2009-11-13$19.38$15.0030.6%8.8%33.3%9.6%0.0%9.9%4.0%17.9K-853.8K-1.7K0.0058.1400633721
2009-11-16$20.09$15.0031.6%9.1%35.4%10.3%0.0%12.9%3.1%15.1K-1.0M-1.4K0.0065.2200633721
2009-11-17$20.16$15.0031.0%8.9%35.4%9.9%0.0%2.5%3.5%15.0K-1.0M-1.3K0.0072.5400633721
2009-11-18$19.92$15.0030.6%8.8%32.6%9.6%0.0%10.5%4.0%17.1K-984.3K-1.3K0.0029.2000633721
2009-11-19$19.36$15.0031.2%8.9%34.2%10.0%0.0%8.4%3.2%19.5K-868.4K-1.6K0.0025.2600633721
2009-11-20$19.23$15.0029.3%8.4%33.6%8.7%0.0%7.5%4.7%21.2K-850.0K-1.5K0.0027.7500633721
2009-11-23$19.64$15.0027.3%7.8%34.3%7.3%27.3%-0.4%1.7%18.8K-972.6K-1.2K0.0061.52760633691
2009-11-24$19.50$15.0026.5%7.6%34.4%6.7%0.0%-5.0%2.2%20.9K-965.2K-1.3K0.0075.0000667691
2009-11-25$19.43$15.0025.3%7.2%33.0%5.8%0.0%-3.5%2.6%20.2K-965.8K-1.2K0.0022.0400667691
2009-11-27$18.85$15.0023.9%6.9%33.1%4.9%27.4%2.7%0.8%25.5K-817.3K-1.4K0.2081.38102667691
2009-11-30$18.92$15.0023.7%6.8%32.5%4.7%0.0%4.7%2.5%26.1K-835.8K-1.3K0.0085.2200667693