IT Options History — March 2019

In March 2019, IT traded between $140.76 and $151.33. ATM implied volatility averaged 19.7%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.7% (HV 20d: 15.9%). Max pain ranged from $130.00 to $150.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.14.

Notable Days

  • 2019-03-14: Highest Volume — 666 contracts
  • 2019-03-22: Largest IV spike — 12.4% change
  • 2019-03-07: Highest IV Rank — 21.5%
  • 2019-03-25: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.67$140.76$151.33$145.03$151.33
Max Pain$143.50$130.00$150.00$140.00$150.00
ATM IV19.7%18.0%22.0%18.9%18.0%
Expected Move6.5%5.4%7.3%5.4%7.0%
HV 20d15.9%12.7%20.2%20.2%16.1%
HV 60d20.8%17.1%23.5%23.5%17.1%
IV Rank14.0%8.5%21.5%11.5%8.5%
IV Percentile19.4%3.6%42.9%9.9%3.6%
Term Structure3.8%0.5%6.3%0.5%6.3%
VWIV23.7%18.6%32.9%19.5%30.7%
Skew 25d2.9%1.8%3.3%3.3%2.9%
Skew 10d6.7%5.2%10.8%10.8%5.6%
Call IV 25d18.5%16.5%19.9%17.9%16.5%
Put IV 25d21.4%19.4%23.2%21.2%19.4%
Bid-Ask Spread %50.0929.3477.8677.8644.11
Gamma HHI0.220.160.510.190.24
Net GEX182.0K-36.5K1.1M221.4K182.9K
Net DEX-3.3M-5.9M-509.6K-4.7M-5.8M
Net VEX-45.7K-61.3K-33.4K-40.0K-54.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.199.380.203.69
Total Volume242.2384666359427
Total OI2,871.0952,0363,5343,0673,180

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$145.03$140.0018.9%5.4%20.2%11.5%19.5%3.3%0.5%221.4K-4.7M-40.0K0.2077.86298611,2301,837
2019-03-04$143.46$140.0020.4%5.9%19.9%16.4%21.5%3.2%2.6%188.7K-3.6M-39.8K0.6974.1226181,2601,816
2019-03-05$143.39$140.0020.1%5.8%17.3%15.2%20.8%3.2%2.8%196.4K-3.6M-38.4K0.3876.5448181,2631,824
2019-03-06$142.62$140.0020.0%5.7%16.5%14.8%21.6%2.9%2.8%169.5K-3.0M-37.4K0.5674.0732181,2711,824
2019-03-07$141.60$140.0022.0%6.3%15.4%21.5%18.6%3.1%2.5%66.9K-1.5M-38.5K0.1974.05116221,2701,824
2019-03-08$140.76$140.0022.0%6.3%12.7%21.4%22.0%3.3%2.3%-14.4K-509.6K-37.1K0.9275.5539361,1991,833
2019-03-11$144.15$140.0020.2%6.5%14.8%15.6%0.0%3.0%3.2%279.8K-4.3M-34.5K0.3334.75311,1921,836
2019-03-12$144.48$140.0019.2%6.4%13.9%12.5%21.1%2.9%3.2%328.8K-4.8M-33.6K2.8136.6621591,1931,835
2019-03-13$145.30$140.0018.7%6.4%13.9%10.9%22.9%2.5%3.7%399.8K-5.9M-33.4K3.7529.34531991,2141,870
2019-03-14$144.10$140.0019.9%6.4%14.4%14.7%21.9%3.0%2.7%407.7K-4.2M-34.9K4.1233.861305361,2261,898
2019-03-15$145.18$140.0019.4%6.4%14.2%13.1%22.5%2.3%2.8%1.1M-5.1M-46.0K9.3844.01585441,2832,251
2019-03-18$147.57$0.0018.3%6.7%15.3%9.7%29.2%1.8%5.0%1.8K-2.2M-44.7K4.6768.7015707111,325
2019-03-19$146.56$130.0019.5%7.0%15.2%13.4%24.9%2.9%5.0%-36.5K-1.5M-47.7K1.3837.491171627231,392
2019-03-20$146.98$150.0019.9%7.1%14.9%14.6%24.2%3.3%4.8%-21.8K-1.8M-50.9K1.3837.921592198121,521
2019-03-21$148.62$150.0018.1%6.7%15.2%8.8%23.4%3.1%5.3%48.9K-2.9M-51.8K1.0140.102342368751,527
2019-03-22$145.94$150.0020.3%7.1%16.9%16.0%24.3%2.9%4.4%43.9K-1.6M-59.9K1.2337.422473051,0601,625
2019-03-25$146.22$150.0021.1%7.3%16.9%18.7%23.6%2.9%4.3%9.9K-1.4M-61.3K1.1435.4514161,0841,717
2019-03-26$147.40$150.0020.4%7.2%17.0%16.2%23.7%3.1%4.7%61.5K-2.4M-59.3K2.2039.295111,0921,722
2019-03-27$148.66$150.0018.7%7.0%17.1%10.7%24.4%2.8%5.6%98.8K-3.3M-58.5K1.0039.7440401,0921,724
2019-03-28$149.75$150.0018.1%7.0%16.7%9.1%32.9%2.5%6.2%136.2K-4.3M-57.5K3.9340.78883461,1091,753
2019-03-29$151.33$150.0018.0%7.0%16.1%8.5%30.7%2.9%6.3%182.9K-5.8M-54.2K3.6944.11913361,1162,064