IT Options History — May 2019

In May 2019, IT traded between $149.79 and $161.56. ATM implied volatility averaged 24.0%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 3.1% (HV 20d: 20.9%). Max pain ranged from $145.00 to $155.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.47.

Notable Days

  • 2019-05-14: Highest Volume — 675 contracts
  • 2019-05-13: Largest IV spike — 44.7% change
  • 2019-05-06: Highest IV Rank — 82.3%
  • 2019-05-03: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.07$149.79$161.56$156.90$151.14
Max Pain$147.73$145.00$155.00$155.00$150.00
ATM IV24.0%18.4%41.0%35.6%21.1%
Expected Move6.4%5.3%10.7%10.2%6.1%
HV 20d20.9%11.2%24.7%11.2%24.6%
HV 60d17.4%13.9%18.7%15.5%18.6%
IV Rank27.9%10.0%82.3%65.0%18.7%
IV Percentile43.4%10.3%98.4%91.7%41.3%
Term Structure-1.4%-12.5%2.5%-10.9%-1.1%
VWIV23.2%19.1%38.2%34.9%19.9%
Skew 25d3.7%3.1%5.5%5.0%3.2%
Skew 10d8.1%6.0%12.0%11.0%7.6%
Call IV 25d20.9%17.2%34.8%33.0%19.5%
Put IV 25d24.6%20.4%40.3%38.1%22.7%
Bid-Ask Spread %69.9947.9682.6855.7882.68
Gamma HHI0.250.170.430.170.22
Net GEX409.7K238.0K761.9K419.7K238.0K
Net DEX-4.3M-12.4M1.9M-7.8M-1.1M
Net VEX-44.5K-55.7K-37.6K-55.7K-42.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.004.751.924.75
Total Volume173.09113675105230
Total OI3,433.7272,4804,2023,8052,862

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$156.90$155.0035.6%10.2%11.2%65.0%34.9%5.0%-10.9%419.7K-7.8M-55.7K1.9255.7836691,6512,154
2019-05-02$158.01$155.0035.3%10.1%11.3%63.8%36.4%4.5%-10.9%432.1K-8.8M-55.0K1.0954.1578851,6532,155
2019-05-03$159.83$155.0037.2%10.7%11.8%70.1%38.2%5.5%-12.5%487.6K-11.0M-54.3K0.9054.3370631,7072,178
2019-05-06$161.56$145.0041.0%7.3%12.0%82.3%24.8%4.0%-2.4%491.4K-12.4M-53.1K0.2847.963671041,7142,196
2019-05-07$154.08$145.0024.9%6.0%21.1%30.5%23.2%3.5%0.5%491.2K-4.3M-49.1K2.8563.48712021,8362,209
2019-05-08$154.19$145.0022.5%5.9%21.0%22.9%23.3%3.2%0.9%381.0K-3.4M-49.8K0.9065.151781611,8102,316
2019-05-09$153.01$145.0023.4%5.8%21.1%25.7%23.5%3.6%0.9%358.0K-1.7M-50.4K0.6266.932601621,8072,301
2019-05-10$153.31$145.0019.4%5.5%21.0%13.0%19.9%3.5%1.8%572.6K-2.9M-45.7K0.4370.05117501,9472,255
2019-05-13$149.79$145.0028.1%6.4%22.0%40.8%22.5%3.9%0.0%268.2K1.9M-45.2K0.7666.591411071,9472,255
2019-05-14$151.75$145.0025.4%6.0%22.6%32.2%20.8%3.1%0.9%390.3K-1.6M-42.4K0.7368.963912841,9272,144
2019-05-15$152.64$145.0019.3%5.5%22.8%12.7%20.0%3.1%1.9%459.1K-2.2M-42.5K3.3368.643101,9132,151
2019-05-16$154.96$145.0018.6%5.3%23.0%10.5%19.1%3.2%2.0%761.9K-5.5M-41.8K1.1572.0813151,9142,161
2019-05-17$153.76$145.0018.4%5.3%23.1%10.0%20.0%3.4%2.5%621.7K-2.9M-41.0K0.9574.0840381,9192,163
2019-05-20$152.59$145.0019.2%5.5%23.0%12.5%20.5%3.6%-0.5%304.1K-3.7M-40.2K3.8675.387279981,482
2019-05-21$154.00$145.0018.9%5.4%23.1%11.3%20.1%3.4%-0.4%328.4K-4.5M-39.6K3.0075.779279941,495
2019-05-22$155.35$145.0018.7%5.4%23.3%11.0%20.3%3.3%-0.1%340.3K-5.3M-38.7K1.6277.7929479941,495
2019-05-23$152.32$150.0020.9%6.0%24.0%18.0%20.7%3.6%-0.6%298.8K-3.3M-39.3K0.6677.5341271,0141,500
2019-05-24$154.15$150.0018.7%5.4%24.4%10.8%20.6%3.4%-0.1%338.9K-4.5M-38.2K0.4979.3967331,0171,509
2019-05-28$152.47$150.0020.6%5.9%24.6%16.8%20.4%3.5%-0.6%353.5K-3.8M-37.6K0.0080.602001,0631,526
2019-05-29$151.31$150.0021.0%6.0%24.6%18.1%20.3%3.6%-0.8%322.1K-2.8M-39.6K1.0080.3923231,0631,526
2019-05-30$152.50$150.0020.6%5.9%24.7%17.0%19.9%3.4%-0.8%354.8K-3.3M-38.5K1.1382.1639441,0721,549
2019-05-31$151.14$150.0021.1%6.1%24.6%18.7%19.9%3.2%-1.1%238.0K-1.1M-42.2K4.7582.68401901,1561,706