IT Options History — April 2022

In April 2022, IT traded between $288.30 and $311.81. ATM implied volatility averaged 40.2%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 8.4% (HV 20d: 31.8%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.45.

Notable Days

  • 2022-04-19: Highest Volume — 3,409 contracts
  • 2022-04-13: Largest IV spike — 18.3% change
  • 2022-04-29: Highest IV Rank — 53.6%
  • 2022-04-29: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$297.01$288.30$311.81$297.10$292.37
Max Pain$299.00$290.00$310.00$290.00$310.00
ATM IV40.2%28.3%55.5%28.3%55.5%
Expected Move12.4%11.0%15.9%11.0%15.9%
HV 20d31.8%28.4%41.0%41.0%32.1%
HV 60d37.3%36.7%37.9%37.7%37.9%
IV Rank31.8%16.5%53.6%16.5%53.6%
IV Percentile77.6%45.2%97.6%45.2%97.6%
Term Structure-5.0%-12.4%11.0%11.0%-12.4%
VWIV46.5%39.8%57.9%40.6%57.9%
Skew 25d6.4%2.8%11.5%3.9%7.9%
Skew 10d12.5%4.2%30.7%4.2%19.9%
Call IV 25d41.2%29.0%52.5%29.0%52.5%
Put IV 25d47.6%32.9%60.4%32.9%60.4%
Bid-Ask Spread %71.6464.8779.7064.8769.28
Gamma HHI0.160.120.230.170.12
Net GEX600.7K-44.0K1.0M858.9K-44.0K
Net DEX-6.7M-23.2M9.2M-13.5M7.3M
Net VEX-359.5K-416.6K-310.0K-347.1K-412.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.982.271.230.98
Total Volume2,457.85143,4092,1302,463
Total OI7,932.256,7079,2886,7079,288

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$297.10$290.0028.3%11.0%41.0%16.5%40.6%3.9%11.0%858.9K-13.5M-347.1K1.2364.879571,1733,7492,958
2022-04-04$300.36$290.0030.9%11.1%38.1%20.2%39.9%4.0%-3.7%942.6K-16.7M-343.0K1.2366.819491,1703,7513,713
2022-04-05$297.55$290.0029.0%11.0%35.7%17.5%39.8%2.8%-2.8%1.0M-12.4M-339.7K1.2570.629501,1873,7563,717
2022-04-06$294.07$290.0034.3%11.4%31.1%25.0%41.0%5.2%-3.3%857.9K-8.1M-330.1K1.2571.459521,1873,7573,730
2022-04-07$295.69$290.0031.2%11.1%30.0%18.3%40.3%5.7%-2.7%934.7K-10.4M-329.7K1.2671.499571,2073,7503,730
2022-04-08$300.29$290.0030.4%11.3%30.3%17.1%41.2%5.8%-2.4%1.0M-16.3M-332.2K1.2270.239861,1993,7503,754
2022-04-11$289.25$300.0035.8%12.0%31.9%24.9%42.8%5.9%-5.1%851.0K-4.0M-315.0K1.2272.409701,1803,7303,746
2022-04-12$289.42$300.0034.1%12.0%31.3%22.5%42.1%7.4%-4.1%920.7K-2.6M-310.0K1.3670.539711,3163,7183,756
2022-04-13$296.28$290.0040.4%11.6%31.4%31.6%42.4%5.8%-2.4%791.7K-8.1M-330.1K1.3669.229391,2793,7243,950
2022-04-14$298.00$300.0040.5%11.6%31.0%31.8%41.3%7.0%-4.3%509.3K-10.8M-327.1K1.5267.359441,4383,7293,951
2022-04-18$297.81$300.0042.6%12.2%29.0%34.9%43.3%7.0%-5.6%314.9K-4.4M-331.1K1.5172.949071,3693,3103,798
2022-04-19$306.23$300.0041.4%11.9%30.3%33.1%45.6%5.3%-7.6%432.3K-11.9M-335.7K1.0470.121,6671,7423,3213,803
2022-04-20$311.81$300.0041.8%12.0%30.4%33.8%53.4%6.9%-6.8%799.6K-23.2M-368.1K1.7071.561,1521,9573,8894,003
2022-04-21$304.95$300.0045.1%12.9%28.4%38.6%51.1%6.9%-7.1%687.6K-15.0M-396.9K1.8776.811,1582,1694,1434,210
2022-04-22$295.40$300.0044.9%12.9%30.4%38.3%45.7%8.7%-5.9%302.4K599.6K-406.7K2.1679.531,0612,2934,1404,564
2022-04-25$297.72$310.0046.4%13.3%30.5%40.3%57.6%9.0%-6.1%279.5K706.5K-415.3K2.2772.171,0062,2824,1674,713
2022-04-26$288.30$310.0051.7%14.8%32.5%48.0%56.4%5.7%-9.2%66.3K9.2M-401.1K2.1372.851,0602,2574,1604,718
2022-04-27$289.07$310.0050.8%14.6%29.6%46.8%51.1%5.7%-9.8%111.5K8.7M-401.7K1.0079.70774,2114,787
2022-04-28$298.50$310.0048.8%14.0%31.4%43.9%56.0%11.5%-9.0%351.9K-2.3M-416.6K1.5272.781,0651,6244,2164,785
2022-04-29$292.37$310.0055.5%15.9%32.1%53.6%57.9%7.9%-12.4%-44.0K7.3M-412.5K0.9869.281,2461,2174,2295,059