IT Options History — February 2019

In February 2019, IT traded between $138.14 and $143.84. ATM implied volatility averaged 23.8%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.8% (HV 20d: 19.1%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.85.

Notable Days

2019-02-05: Highest Volume — 3,682 contracts
2019-02-05: Largest IV drop — 44.4% change
2019-02-04: Highest IV Rank — 95.5%
2019-02-04: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$141.48	$138.14	$143.84	$138.14	$142.53
Max Pain	$137.11	$135.00	$140.00	$135.00	$140.00
ATM IV	23.8%	19.6%	45.1%	38.8%	19.7%
Expected Move	6.4%	5.6%	8.8%	8.2%	5.7%
HV 20d	19.1%	14.9%	20.4%	14.9%	19.9%
HV 60d	24.4%	23.2%	25.2%	24.2%	23.2%
IV Rank	27.3%	13.6%	95.5%	75.1%	14.1%
IV Percentile	41.1%	15.1%	99.2%	94.8%	17.9%
Term Structure	0.3%	-4.6%	2.5%	-3.3%	0.0%
VWIV	22.9%	20.2%	31.5%	30.2%	21.6%
Skew 25d	3.2%	2.7%	4.9%	4.9%	2.8%
Skew 10d	7.2%	5.7%	10.2%	10.1%	6.7%
Call IV 25d	21.4%	19.1%	28.4%	27.1%	19.8%
Put IV 25d	24.6%	21.9%	32.7%	32.0%	22.6%
Bid-Ask Spread %	70.86	52.64	80.79	55.15	80.79
Gamma HHI	0.20	0.16	0.31	0.22	0.16
Net GEX	29.7K	-326.0K	736.4K	-326.0K	77.5K
Net DEX	-2.3M	-7.3M	1.7M	1.2M	-2.4M
Net VEX	-36.2K	-42.5K	-28.3K	-37.5K	-42.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.17	3.07	0.33	0.79
Total Volume	494.053	42	3,682	282	476
Total OI	3,890.789	2,194	5,173	3,623	3,056

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$138.14	$135.00	38.8%	8.2%	14.9%	75.1%	30.2%	4.9%	-3.3%	-326.0K	1.2M	-37.5K	0.33	55.15	212	70	748	2,875
2019-02-04	$142.07	$135.00	45.1%	8.8%	16.0%	95.5%	31.5%	4.3%	-4.6%	-109.3K	-2.3M	-36.6K	0.33	52.64	1,067	350	911	2,886
2019-02-05	$139.99	$135.00	25.1%	6.5%	17.6%	31.3%	23.0%	3.2%	1.0%	736.4K	-4.3M	-41.2K	1.22	65.88	1,658	2,024	1,876	3,066
2019-02-06	$142.62	$135.00	21.2%	6.1%	17.9%	18.7%	21.6%	2.9%	1.6%	68.9K	-4.8M	-37.9K	0.25	71.22	278	70	1,381	3,428
2019-02-07	$139.17	$135.00	22.9%	6.6%	19.7%	24.4%	22.7%	3.1%	0.9%	-291.8K	838.4K	-40.8K	0.17	63.20	322	55	1,550	3,432
2019-02-08	$138.24	$135.00	22.7%	6.5%	20.0%	23.6%	22.5%	3.2%	1.1%	-267.5K	1.7M	-40.7K	0.28	68.04	237	67	1,656	3,445
2019-02-11	$140.47	$135.00	22.8%	6.5%	20.4%	24.0%	23.4%	3.2%	1.2%	-12.6K	-1.9M	-36.5K	1.53	69.14	32	49	1,661	3,436
2019-02-12	$141.00	$135.00	22.4%	6.4%	19.4%	22.7%	22.4%	3.0%	1.4%	105.5K	-3.4M	-34.5K	0.67	72.13	82	55	1,670	3,431
2019-02-13	$141.43	$135.00	22.1%	6.3%	19.2%	21.7%	23.0%	3.0%	1.4%	149.4K	-4.2M	-34.0K	1.21	74.78	52	63	1,704	3,449
2019-02-14	$142.75	$135.00	20.7%	5.9%	19.3%	17.2%	21.9%	3.1%	2.2%	427.2K	-6.8M	-31.4K	1.78	73.02	51	91	1,710	3,446
2019-02-15	$143.06	$135.00	20.4%	5.9%	19.2%	16.4%	21.2%	3.3%	2.5%	-67.0K	-7.3M	-29.5K	0.44	75.91	208	91	1,700	3,473
2019-02-19	$141.90	$140.00	21.7%	6.2%	19.8%	20.3%	21.2%	2.7%	0.5%	-89.5K	-373.8K	-29.5K	0.31	75.80	32	10	713	1,481
2019-02-20	$141.12	$140.00	22.1%	6.3%	19.9%	21.8%	21.8%	3.0%	-0.4%	-94.1K	-270.4K	-28.3K	1.00	74.81	127	127	738	1,485
2019-02-21	$141.96	$140.00	22.8%	6.5%	19.9%	23.8%	22.4%	3.4%	-0.4%	-73.1K	-423.5K	-33.8K	0.81	76.33	191	155	856	1,588
2019-02-22	$142.15	$140.00	21.4%	6.1%	20.0%	19.4%	22.1%	3.0%	0.1%	-15.5K	-990.5K	-35.6K	0.79	74.15	169	133	939	1,631
2019-02-25	$142.44	$140.00	22.0%	6.3%	19.8%	21.3%	21.1%	2.9%	-0.4%	66.2K	-1.9M	-38.0K	0.55	75.21	80	44	1,071	1,631
2019-02-26	$143.26	$140.00	19.7%	5.6%	19.8%	13.9%	20.2%	2.9%	0.2%	151.1K	-2.6M	-39.2K	3.07	75.15	54	166	1,150	1,670
2019-02-27	$143.84	$140.00	19.6%	5.6%	19.7%	13.6%	20.3%	2.8%	0.2%	128.7K	-2.8M	-40.6K	0.69	72.92	260	179	1,172	1,810
2019-02-28	$142.53	$140.00	19.7%	5.7%	19.9%	14.1%	21.6%	2.8%	0.0%	77.5K	-2.4M	-42.5K	0.79	80.79	266	210	1,233	1,823