IT Options History — February 2022

In February 2022, IT traded between $273.90 and $303.24. ATM implied volatility averaged 46.5%, placing in the 50.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 11.0% (HV 20d: 35.5%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.73.

Notable Days

  • 2022-02-08: Highest Volume — 5,634 contracts
  • 2022-02-08: Largest IV drop — 48.9% change
  • 2022-02-01: Highest IV Rank — 100.0%
  • 2022-02-02: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$290.70$273.90$303.24$295.58$278.29
Max Pain$302.63$290.00$310.00$300.00$290.00
ATM IV46.5%35.8%87.4%58.7%41.9%
Expected Move12.4%10.3%17.1%16.8%12.0%
HV 20d35.5%32.8%37.9%37.0%37.7%
HV 60d36.2%34.2%37.9%34.2%37.7%
IV Rank50.3%27.1%100.0%100.0%35.7%
IV Percentile91.2%81.0%100.0%100.0%90.5%
Term Structure-2.5%-13.1%3.8%-12.2%-4.0%
VWIV44.9%37.6%60.7%60.7%44.8%
Skew 25d6.6%-0.2%10.2%10.2%9.5%
Skew 10d14.2%3.8%24.0%12.6%20.3%
Call IV 25d41.6%34.4%55.6%54.9%40.5%
Put IV 25d48.2%39.0%65.1%65.1%50.0%
Bid-Ask Spread %78.7270.4785.3174.7885.31
Gamma HHI0.250.180.330.210.29
Net GEX681.1K-495.7K1.4M506.2K726.1K
Net DEX-29.3M-59.4M-9.1M-27.5M-13.7M
Net VEX-575.5K-639.0K-498.6K-498.6K-549.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.451.220.500.52
Total Volume2,679.0531,5985,6341,7203,309
Total OI12,111.3168,65214,5558,65211,603

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$295.58$300.0058.7%16.8%37.0%100.0%60.7%10.2%-12.2%506.2K-27.5M-498.6K0.5074.781,1465745,1223,530
2022-02-02$301.24$300.0059.7%17.1%37.9%100.0%60.5%8.3%-13.1%593.3K-37.2M-536.4K0.5174.151,1465835,5633,701
2022-02-03$289.34$310.0060.2%13.8%34.5%100.0%49.6%3.0%-2.6%530.4K-23.2M-522.4K0.4574.331,1785285,5743,702
2022-02-04$295.75$310.0062.8%13.7%35.5%100.0%50.6%7.7%-2.6%542.8K-30.8M-530.4K0.8070.479777825,6153,706
2022-02-07$295.00$310.0087.4%15.8%34.9%100.0%56.3%4.4%-10.0%517.3K-28.2M-543.5K0.5673.031,6439195,7603,973
2022-02-08$303.24$300.0044.6%11.5%34.9%39.5%44.2%3.4%0.1%695.0K-41.3M-568.8K0.5177.193,7331,9016,4454,425
2022-02-09$301.77$310.0036.4%10.4%34.3%27.9%39.8%1.8%3.1%1.4M-59.4M-639.0K0.8175.782,2101,8018,9175,353
2022-02-10$289.75$310.0038.9%11.1%36.9%31.5%40.2%-0.2%1.8%580.5K-32.0M-621.4K0.7681.222,3011,7418,9065,379
2022-02-11$289.61$310.0041.9%12.0%34.6%35.8%41.1%5.5%0.4%463.7K-27.8M-621.0K0.5278.582,4941,2999,0475,448
2022-02-14$289.70$310.0041.1%11.8%33.9%34.5%39.5%6.2%0.7%528.5K-26.2M-618.7K0.4579.572,3601,0709,0305,496
2022-02-15$296.21$310.0036.1%10.4%32.9%27.6%39.6%8.5%3.6%985.0K-42.0M-625.2K0.8677.571,2151,0459,0425,509
2022-02-16$298.97$310.0035.8%10.3%32.8%27.1%37.6%7.4%3.8%1.3M-49.2M-615.5K0.8082.051,1639329,0435,512
2022-02-17$287.53$310.0037.6%10.8%36.0%29.7%39.3%7.1%-2.2%-495.7K-20.1M-595.4K1.0082.031,0911,0949,0355,471
2022-02-18$289.35$300.0037.6%10.8%35.6%29.7%37.8%8.5%-1.6%343.9K-23.9M-590.7K0.9179.381,5541,4189,0175,478
2022-02-22$283.55$290.0039.9%11.4%34.8%32.8%38.4%8.4%-2.8%1.1M-24.3M-576.6K1.0882.669521,0267,3233,991
2022-02-23$273.90$290.0042.7%12.2%36.2%36.9%44.3%7.0%-3.4%768.9K-9.1M-554.0K0.6681.629616377,3734,032
2022-02-24$279.75$290.0041.5%11.9%37.0%35.2%45.0%9.7%-3.5%934.7K-16.3M-556.1K1.0284.479679897,3784,036
2022-02-25$284.82$290.0039.2%11.2%37.5%31.9%43.7%9.2%-2.7%931.6K-24.6M-570.7K1.2281.539731,1907,3844,196
2022-02-28$278.29$290.0041.9%12.0%37.7%35.7%44.8%9.5%-4.0%726.1K-13.7M-549.9K0.5285.312,1731,1367,3984,205