IT Options History — April 2019

In April 2019, IT traded between $153.01 and $159.85. ATM implied volatility averaged 24.8%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 10.3% (HV 20d: 14.4%). Max pain ranged from $150.00 to $155.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2019-04-05: Highest Volume — 456 contracts
  • 2019-04-10: Largest IV spike — 50.4% change
  • 2019-04-30: Highest IV Rank — 58.6%
  • 2019-04-30: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.09$153.01$159.85$154.76$158.47
Max Pain$152.38$150.00$155.00$150.00$155.00
ATM IV24.8%16.1%33.6%17.5%33.6%
Expected Move7.8%6.8%9.6%6.8%9.6%
HV 20d14.4%11.1%17.4%16.8%11.1%
HV 60d16.5%16.1%17.2%17.2%16.2%
IV Rank30.3%2.6%58.6%6.9%58.6%
IV Percentile47.0%0.8%86.5%1.2%86.5%
Term Structure-4.2%-9.3%6.7%6.2%-9.3%
VWIV27.2%24.1%34.0%24.3%34.0%
Skew 25d3.8%2.4%5.0%2.4%5.0%
Skew 10d8.5%5.8%10.9%8.6%10.9%
Call IV 25d25.2%16.6%32.2%16.6%32.2%
Put IV 25d29.0%19.1%37.3%19.1%37.3%
Bid-Ask Spread %48.5543.6953.3944.2852.50
Gamma HHI0.210.170.260.260.17
Net GEX521.7K270.2K1.0M270.2K412.4K
Net DEX-10.5M-15.4M-7.4M-8.3M-9.1M
Net VEX-53.5K-57.5K-49.0K-49.0K-56.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.032.150.201.38
Total Volume192.28638456125124
Total OI3,677.2863,1904,1463,1903,771

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$154.76$150.0017.5%6.8%16.8%6.9%24.3%2.4%6.2%270.2K-8.3M-49.0K0.2044.28104211,1252,065
2019-04-02$153.29$150.0017.4%6.9%17.4%6.5%24.5%2.6%6.7%298.3K-7.5M-50.0K0.3543.69133461,1772,073
2019-04-03$153.01$150.0016.8%6.8%17.3%4.6%24.2%3.3%-2.9%312.3K-7.4M-51.5K0.4344.61152661,2442,091
2019-04-04$153.51$150.0016.7%6.8%16.8%4.4%24.3%3.4%-2.8%305.6K-7.8M-53.5K0.2045.23348711,2782,130
2019-04-05$154.72$150.0016.1%7.0%16.4%2.6%24.9%3.3%-3.0%373.7K-9.0M-53.6K0.2645.21361951,3202,142
2019-04-08$156.07$150.0017.4%7.1%14.9%6.7%24.1%3.8%-3.3%399.0K-10.2M-51.6K0.5846.6524141,3472,197
2019-04-09$156.53$150.0017.2%7.2%14.9%6.0%25.0%3.4%-3.6%412.5K-10.5M-52.3K0.1147.7699111,3602,206
2019-04-10$156.99$150.0025.9%7.4%14.9%33.7%24.5%3.4%-3.8%760.1K-12.6M-55.0K0.0347.97412131,6982,207
2019-04-11$158.07$150.0024.9%7.2%14.2%30.8%25.3%3.4%-3.6%838.7K-13.6M-52.3K0.5548.60167921,6852,207
2019-04-12$159.22$150.0025.5%7.3%14.2%32.7%25.7%3.4%-4.1%910.6K-14.5M-55.0K0.7248.021411011,7202,274
2019-04-15$159.82$150.0026.3%7.5%13.5%35.1%26.4%3.4%-4.4%1.0M-15.4M-52.0K2.1546.3733711,7382,290
2019-04-16$159.00$155.0026.6%7.6%13.3%36.1%26.5%4.0%-4.9%1.0M-14.1M-53.5K1.5049.4450751,7542,361
2019-04-17$156.58$155.0027.7%7.9%15.0%39.6%26.6%3.9%-5.4%456.4K-11.2M-54.2K1.3549.1163851,7602,368
2019-04-18$156.96$155.0027.6%7.9%14.7%39.2%26.5%3.9%-5.4%457.8K-11.9M-54.1K1.3748.9970961,7782,368
2019-04-22$158.15$155.0028.4%8.1%12.5%42.0%29.0%4.2%-6.2%491.4K-9.5M-52.5K2.0751.8014291,4581,970
2019-04-23$159.44$155.0029.3%8.4%12.6%44.8%29.5%4.1%-6.7%470.2K-10.4M-51.3K0.2950.66125361,4571,993
2019-04-24$159.85$155.0030.7%8.8%12.5%49.2%30.7%4.7%-7.3%497.7K-11.1M-56.3K0.6251.96130801,5742,000
2019-04-25$158.05$155.0030.8%8.8%13.5%49.4%30.5%4.5%-7.3%445.9K-9.1M-57.5K0.4952.08136661,5822,065
2019-04-26$158.63$155.0031.0%8.9%13.4%50.1%31.0%4.7%-7.5%412.6K-9.2M-57.5K0.4953.39134661,5822,113
2019-04-29$157.79$155.0033.2%9.5%13.4%57.3%33.5%4.7%-9.3%414.2K-8.6M-54.2K1.7151.3431531,5822,113
2019-04-30$158.47$155.0033.6%9.6%11.1%58.6%34.0%5.0%-9.3%412.4K-9.1M-56.4K1.3852.5052721,6182,153