IT Options History — April 2021

In April 2021, IT traded between $186.34 and $199.62. ATM implied volatility averaged 30.1%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 14.4% (HV 20d: 15.6%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 4.14.

Notable Days

  • 2021-04-28: Highest Volume — 1,292 contracts
  • 2021-04-14: Largest IV spike — 40.2% change
  • 2021-04-30: Highest IV Rank — 46.3%
  • 2021-04-30: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.26$186.34$199.62$186.75$195.76
Max Pain$183.33$180.00$190.00$185.00$190.00
ATM IV30.1%16.6%38.8%23.7%38.8%
Expected Move9.5%6.8%11.1%6.8%11.1%
HV 20d15.6%14.2%21.0%21.0%14.7%
HV 60d30.4%27.3%32.0%32.0%27.3%
IV Rank25.2%0.0%46.3%0.0%46.3%
IV Percentile33.3%0.0%67.1%0.0%67.1%
Term Structure-3.7%-8.9%7.4%7.4%-8.9%
VWIV33.9%23.2%39.4%23.2%39.4%
Skew 25d2.5%-1.9%6.7%2.2%6.7%
Skew 10d8.2%-0.8%17.5%3.5%13.9%
Call IV 25d33.1%22.5%38.5%22.5%36.7%
Put IV 25d35.6%24.8%43.4%24.8%43.4%
Bid-Ask Spread %80.2170.9889.3389.3382.08
Gamma HHI0.160.140.250.150.25
Net GEX1.1M83.8K1.9M1.2M83.8K
Net DEX-66.8M-77.3M-59.9M-60.0M-62.0M
Net VEX-108.8K-133.3K-86.0K-119.2K-133.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.140.0020.001.1315.00
Total Volume163.1921,2926664
Total OI6,583.5246,1618,2386,1618,238

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$186.75$185.0023.7%6.8%21.0%0.0%23.2%2.2%7.4%1.2M-60.0M-119.2K1.1389.3331354,6961,465
2021-04-05$189.70$185.0023.7%9.2%18.4%0.0%31.9%2.7%-2.2%1.3M-63.6M-116.4K0.1870.983364,7191,477
2021-04-06$189.35$185.0021.5%9.0%17.0%0.0%33.4%0.9%-0.7%1.4M-62.9M-116.1K0.1671.635084,7261,478
2021-04-07$186.34$185.0024.8%10.0%16.2%7.4%33.7%2.8%-5.1%1.3M-60.7M-112.2K0.8673.64764,7761,483
2021-04-08$186.82$185.0016.6%9.5%16.2%0.0%34.8%1.9%-2.7%1.4M-59.9M-115.5K0.0178.8011114,7781,489
2021-04-09$187.92$185.0022.8%9.1%15.8%12.3%0.0%6.0%-1.2%1.5M-61.6M-116.0K0.1481.653754,8781,490
2021-04-12$188.46$185.0025.7%8.5%15.8%18.2%32.6%-0.4%-0.1%1.5M-63.9M-107.5K5.5079.5112664,8881,495
2021-04-13$189.35$185.0023.0%9.5%15.7%12.7%34.2%3.5%-3.0%1.6M-64.5M-109.4K0.8279.344423614,8911,555
2021-04-14$188.44$180.0032.2%9.2%15.4%31.3%32.6%1.8%-1.3%1.6M-65.1M-108.2K0.5982.1922135,0621,705
2021-04-15$190.74$180.0031.1%8.9%14.3%29.0%33.2%4.5%-1.7%1.9M-67.5M-116.6K4.2578.754175,0761,713
2021-04-16$192.59$180.0034.1%9.8%14.2%35.2%33.0%5.7%-7.0%1.0M-71.1M-108.3K0.0982.053235,0761,735
2021-04-19$192.29$180.0035.4%10.1%14.3%37.7%36.4%-1.9%-5.0%1.0M-66.4M-110.7K1.1781.6430354,7031,533
2021-04-20$191.21$180.0034.9%10.0%14.5%36.7%32.2%1.8%-4.2%992.9K-66.3M-103.6K8.4084.365424,7251,567
2021-04-21$193.53$180.0034.4%9.9%14.2%36.0%33.2%1.1%-6.3%936.2K-69.0M-103.0K0.0081.50204,7261,615
2021-04-22$196.29$180.0034.8%10.0%14.7%37.8%34.7%-0.1%-4.4%900.3K-72.8M-91.3K1.6886.0922374,7281,615
2021-04-23$199.62$180.0032.9%9.4%15.3%34.0%34.9%2.1%-5.7%844.2K-77.3M-86.0K0.3377.691554,7451,651
2021-04-26$197.96$180.0035.3%10.1%15.7%38.9%36.9%0.5%-6.1%923.3K-74.0M-93.9K6.2579.194254,7441,654
2021-04-27$198.33$180.0034.9%10.0%14.9%38.2%35.1%3.5%-4.8%912.6K-74.4M-90.5K20.0079.77204004,7441,678
2021-04-28$197.81$190.0033.7%9.7%14.9%35.7%34.9%3.4%-6.4%645.6K-71.4M-101.4K3.2685.203039894,7642,059
2021-04-29$198.25$190.0036.9%10.6%14.9%42.2%37.0%4.6%-8.3%151.4K-67.7M-125.6K17.1479.0471205,0643,050
2021-04-30$195.76$190.0038.8%11.1%14.7%46.3%39.4%6.7%-8.9%83.8K-62.0M-133.3K15.0082.084605,0693,169