IT Options History — February 2021

In February 2021, IT traded between $153.78 and $184.71. ATM implied volatility averaged 35.4%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 4.9% (HV 20d: 40.3%). Max pain ranged from $150.00 to $155.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 5.26.

Notable Days

2021-02-24: Highest Volume — 2,029 contracts
2021-02-09: Largest IV drop — 36.2% change
2021-02-08: Highest IV Rank — 33.0%
2021-02-01: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$175.04	$153.78	$184.71	$153.78	$180.56
Max Pain	$150.79	$150.00	$155.00	$155.00	$150.00
ATM IV	35.4%	29.5%	50.6%	47.9%	31.3%
Expected Move	9.7%	8.4%	13.7%	13.7%	9.0%
HV 20d	40.3%	31.4%	45.4%	31.4%	41.4%
HV 60d	28.2%	24.1%	30.4%	26.7%	29.8%
IV Rank	15.7%	6.0%	33.0%	30.1%	6.9%
IV Percentile	38.2%	9.5%	79.8%	77.0%	27.8%
Term Structure	-0.1%	-10.9%	5.1%	-10.9%	-0.5%
VWIV	34.9%	27.4%	51.4%	51.4%	40.5%
Skew 25d	3.0%	-0.5%	7.2%	7.2%	2.6%
Skew 10d	9.0%	-1.3%	26.3%	26.3%	12.3%
Call IV 25d	33.8%	27.3%	47.7%	47.7%	30.7%
Put IV 25d	36.8%	31.4%	54.8%	54.8%	33.3%
Bid-Ask Spread %	82.18	73.42	87.18	82.57	86.76
Gamma HHI	0.23	0.18	0.32	0.24	0.22
Net GEX	2.2M	1.4M	2.9M	2.0M	1.5M
Net DEX	-86.2M	-116.2M	-42.7M	-42.7M	-78.7M
Net VEX	-165.6K	-204.8K	-129.9K	-204.8K	-129.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.26	0.00	51.00	1.10	51.00
Total Volume	225.947	11	2,029	21	52
Total OI	8,640.632	7,367	9,546	8,466	7,430

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
2021-02-01	$153.78	$155.00	47.9%	13.7%	31.4%	30.1%	51.4%	7.2%	-10.9%	2.0M	-42.7M	-204.8K	1.10	82.57	10	11	7,167	1,299
2021-02-02	$156.01	$155.00	44.3%	12.7%	31.7%	26.4%	44.7%	3.8%	-6.0%	2.2M	-46.7M	-204.1K	2.23	82.47	13	29	7,169	1,302
2021-02-03	$160.07	$155.00	44.5%	12.8%	32.7%	26.6%	43.9%	2.9%	-9.1%	2.5M	-55.7M	-204.0K	0.14	83.81	14	2	7,161	1,309
2021-02-04	$162.10	$150.00	39.8%	10.7%	31.7%	21.7%	34.1%	2.3%	-1.4%	2.7M	-60.0M	-204.7K	0.93	73.42	15	14	7,166	1,308
2021-02-05	$164.54	$150.00	43.2%	10.2%	31.7%	25.2%	33.0%	2.3%	-1.7%	2.8M	-65.3M	-203.7K	23.89	80.45	9	215	7,171	1,316
2021-02-08	$168.12	$150.00	50.6%	10.3%	32.2%	33.0%	37.1%	2.5%	1.2%	2.6M	-73.6M	-196.9K	0.28	80.10	498	140	7,177	1,509
2021-02-09	$183.83	$150.00	32.3%	8.4%	44.9%	13.7%	31.1%	4.1%	5.1%	2.2M	-112.6M	-155.0K	0.18	85.98	350	62	7,604	1,633
2021-02-10	$181.07	$150.00	31.0%	8.9%	45.4%	12.4%	30.9%	2.2%	4.3%	2.5M	-108.3M	-165.0K	1.73	79.25	59	102	7,719	1,663
2021-02-11	$180.79	$150.00	30.6%	8.8%	44.7%	12.0%	32.2%	-0.5%	4.1%	2.5M	-109.0M	-159.7K	1.92	79.88	12	23	7,695	1,684
2021-02-12	$182.54	$150.00	30.0%	8.6%	44.3%	11.3%	27.4%	3.6%	4.6%	2.2M	-111.3M	-158.2K	0.57	82.43	14	8	7,702	1,691
2021-02-16	$178.67	$150.00	31.2%	8.9%	44.3%	12.6%	31.6%	2.9%	3.6%	2.5M	-104.7M	-152.6K	0.79	78.41	80	63	7,706	1,695
2021-02-17	$178.13	$150.00	31.7%	9.1%	44.4%	12.9%	32.7%	1.3%	3.6%	2.3M	-103.4M	-162.7K	1.75	85.32	4	7	7,773	1,756
2021-02-18	$181.61	$150.00	30.7%	8.8%	44.6%	11.9%	31.5%	3.6%	0.6%	2.2M	-111.8M	-145.0K	1.08	77.49	24	26	7,772	1,757
2021-02-19	$184.51	$150.00	29.5%	8.5%	44.7%	10.5%	31.4%	2.7%	1.3%	2.9M	-116.2M	-141.4K	0.79	80.88	67	53	7,766	1,780
2021-02-22	$184.71	$150.00	30.6%	8.8%	44.4%	9.3%	31.5%	2.9%	0.4%	1.4M	-89.5M	-136.0K	1.88	84.52	26	49	6,078	1,475
2021-02-23	$183.73	$150.00	30.9%	8.9%	44.3%	7.9%	31.7%	2.8%	0.2%	1.4M	-88.0M	-139.2K	1.17	83.61	63	74	6,103	1,516
2021-02-24	$183.43	$150.00	30.4%	8.7%	44.0%	6.0%	30.8%	1.8%	0.4%	1.5M	-87.7M	-141.1K	0.00	87.18	2,021	8	6,164	1,589
2021-02-25	$177.56	$150.00	31.9%	9.2%	43.0%	7.6%	35.0%	5.4%	-1.0%	1.6M	-72.6M	-141.5K	8.50	86.83	8	68	5,771	1,596
2021-02-26	$180.56	$150.00	31.3%	9.0%	41.4%	6.9%	40.5%	2.6%	-0.5%	1.5M	-78.7M	-129.9K	51.00	86.76	1	51	5,778	1,652