IT Options History — January 2022

In January 2022, IT traded between $276.40 and $323.84. ATM implied volatility averaged 41.7%, placing in the 70.4% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 3.2% (HV 20d: 38.5%). Max pain ranged from $300.00 to $330.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.20.

Notable Days

  • 2022-01-26: Highest Volume — 3,237 contracts
  • 2022-01-12: Largest IV spike — 43.6% change
  • 2022-01-24: Highest IV Rank — 100.0%
  • 2022-01-31: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$292.23$276.40$323.84$323.13$292.75
Max Pain$304.50$300.00$330.00$320.00$300.00
ATM IV41.7%26.0%55.6%26.0%55.6%
Expected Move12.6%7.5%15.9%7.5%15.9%
HV 20d38.5%35.1%41.7%36.8%38.5%
HV 60d34.1%30.8%35.5%30.8%34.2%
IV Rank70.4%27.0%100.0%27.0%100.0%
IV Percentile83.9%36.1%100.0%36.1%100.0%
Term Structure-2.8%-9.1%12.6%12.6%-9.1%
VWIV45.0%26.6%58.0%26.6%58.0%
Skew 25d3.1%-1.0%12.8%1.5%5.5%
Skew 10d8.4%0.5%32.7%3.5%8.8%
Call IV 25d43.8%25.3%55.7%26.1%55.0%
Put IV 25d46.9%27.6%62.4%27.6%60.5%
Bid-Ask Spread %61.5236.9188.4685.3774.55
Gamma HHI0.130.080.200.080.14
Net GEX-953.6K-1.6M7.7K-60.9K7.7K
Net DEX19.2M-8.8M40.9M-3.2M-8.8M
Net VEX-246.4K-410.1K-172.8K-179.7K-410.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.192.600.720.26
Total Volume1,3734823,2374822,722
Total OI5,370.453,6177,4203,6177,402

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$323.13$320.0026.0%7.5%36.8%27.0%26.6%1.5%12.6%-60.9K-3.2M-179.7K0.7285.372802021,4912,126
2022-01-04$323.84$320.0027.0%7.7%36.8%29.9%27.7%2.8%12.2%-12.9K-3.8M-178.4K0.8085.232742201,5042,136
2022-01-05$305.01$320.0030.4%8.7%41.7%39.6%34.0%3.1%10.8%-508.6K8.0M-172.8K2.6088.463047911,5092,160
2022-01-06$306.04$330.0032.1%11.9%41.5%44.7%42.1%0.2%-4.0%-1.1M10.7M-194.5K1.4449.073685291,5642,745
2022-01-07$300.14$300.0030.7%11.9%41.4%40.5%41.1%-1.0%-4.6%-1.2M15.5M-191.7K2.2637.033828651,6532,768
2022-01-10$292.28$300.0033.6%12.3%40.6%49.1%44.0%1.2%-4.2%-1.5M24.7M-205.1K1.9053.274368291,6643,102
2022-01-11$298.37$300.0029.8%12.2%41.6%38.0%45.6%2.7%-5.1%-1.4M18.7M-212.7K1.8437.844418101,7763,093
2022-01-12$302.28$300.0042.8%12.3%40.9%75.6%44.6%1.6%-5.0%-1.3M15.8M-208.6K1.3136.916558591,8073,089
2022-01-13$291.50$300.0040.5%11.6%39.1%68.9%42.0%3.2%-3.1%-1.4M25.2M-209.1K2.1046.378101,6972,0573,099
2022-01-14$285.98$300.0042.1%12.1%39.4%73.6%42.6%-1.0%-4.3%-1.5M33.7M-245.3K2.4051.995651,3542,2993,579
2022-01-18$278.14$300.0044.9%12.9%40.0%81.7%46.8%0.8%-4.9%-1.6M40.1M-239.9K0.7452.907435502,3273,717
2022-01-19$281.68$300.0044.6%12.8%38.7%80.8%43.5%2.0%-4.4%-1.5M36.8M-242.6K0.7367.526784952,3813,708
2022-01-20$280.05$300.0044.2%12.7%37.7%79.7%46.0%0.3%-4.3%-1.5M38.7M-245.1K0.7567.756815122,4093,752
2022-01-21$276.40$300.0046.2%13.2%35.1%85.3%49.1%3.8%-2.9%-1.6M40.9M-242.9K0.7455.476855082,4173,808
2022-01-24$285.00$300.0051.3%14.7%37.3%100.0%49.4%8.8%-7.6%-943.8K27.2M-248.6K0.6763.895493661,8533,268
2022-01-25$279.13$300.0050.9%14.6%35.6%98.9%51.8%4.4%-6.0%-941.7K28.9M-243.8K0.7762.815173971,8813,252
2022-01-26$278.41$300.0053.4%15.3%35.5%100.0%55.0%4.5%-6.6%-912.7K28.8M-250.5K0.1971.762,7285091,8983,299
2022-01-27$279.25$300.0055.4%15.9%35.3%100.0%56.4%5.6%-8.5%-102.9K5.4M-401.1K0.9369.245555143,9663,430
2022-01-28$285.14$300.0053.2%15.2%36.8%94.2%54.3%12.8%-7.9%-60.3K945.0K-405.9K0.8273.025954853,9733,447
2022-01-31$292.75$300.0055.6%15.9%38.5%100.0%58.0%5.5%-9.1%7.7K-8.8M-410.1K0.2674.552,1595633,9533,449