IT Options History — May 2022

In May 2022, IT traded between $239.05 and $287.68. ATM implied volatility averaged 43.2%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 2.1% (HV 20d: 45.3%). Max pain ranged from $300.00 to $300.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2022-05-03: Highest Volume — 2,764 contracts
  • 2022-05-03: Largest IV drop — 30.2% change
  • 2022-05-02: Highest IV Rank — 58.0%
  • 2022-05-02: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$255.91$239.05$287.68$287.68$262.49
Max Pain$300.00$300.00$300.00$300.00$300.00
ATM IV43.2%36.9%58.5%58.5%40.9%
Expected Move12.2%10.6%16.8%16.8%11.7%
HV 20d45.3%32.5%50.6%32.5%50.4%
HV 60d41.0%37.1%42.8%37.1%41.7%
IV Rank35.7%26.6%58.0%58.0%32.4%
IV Percentile82.0%65.9%98.0%98.0%75.0%
Term Structure-2.6%-13.6%0.8%-13.6%-3.0%
VWIV44.2%37.3%62.5%62.5%37.3%
Skew 25d7.9%4.7%13.7%10.2%8.8%
Skew 10d15.3%-0.6%27.5%27.5%22.4%
Call IV 25d40.3%35.0%58.2%58.2%37.8%
Put IV 25d48.2%43.3%68.3%68.3%46.6%
Bid-Ask Spread %80.0862.7890.1862.7890.18
Gamma HHI0.140.110.490.120.11
Net GEX-1.2M-4.1M-166.6K-166.6K-943.0K
Net DEX55.3M15.5M72.8M15.5M45.7M
Net VEX-278.3K-404.2K-222.4K-404.2K-282.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.511.330.910.72
Total Volume2,259.3331,8872,7642,4591,896
Total OI10,029.3338,57111,7409,6528,832

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$287.68$300.0058.5%16.8%32.5%58.0%62.5%10.2%-13.6%-166.6K15.5M-404.2K0.9162.781,2901,1694,4005,252
2022-05-03$281.70$300.0040.8%11.7%32.9%32.3%44.5%5.8%-4.1%-582.9K27.5M-371.4K1.2781.721,2191,5454,4595,430
2022-05-04$280.05$300.0037.6%10.8%32.8%27.5%40.5%7.1%-2.4%-774.1K33.6M-362.9K1.3182.701,0891,4264,4765,665
2022-05-05$258.42$300.0041.6%11.6%42.8%33.4%40.0%6.5%-1.0%-1.1M58.4M-298.3K1.3378.951,0351,3754,4855,666
2022-05-06$252.55$300.0044.0%12.6%42.9%36.9%43.5%4.7%-3.5%-1.2M63.3M-275.9K0.8377.061,3881,1574,4835,671
2022-05-09$239.05$300.0051.0%13.3%45.1%47.0%46.1%8.7%-3.7%-1.1M72.1M-230.5K0.8972.241,3281,1814,7225,687
2022-05-10$246.04$300.0048.2%12.5%46.1%43.0%44.5%6.1%-2.4%-1.2M66.6M-247.0K0.7878.341,4411,1234,9645,660
2022-05-11$245.51$300.0044.4%12.7%46.0%37.5%44.6%7.0%-2.2%-1.1M66.7M-244.4K0.7174.231,4271,0074,9475,632
2022-05-12$246.36$300.0046.9%13.5%44.7%41.1%47.1%10.0%-5.0%-1.1M68.1M-241.5K0.8976.121,1321,0094,9555,635
2022-05-13$255.91$300.0041.0%11.8%47.6%32.5%47.0%6.4%0.5%-1.3M59.9M-270.3K1.0080.941,1511,1544,9535,649
2022-05-16$253.46$300.0043.2%12.4%47.5%35.7%49.7%6.3%-0.5%-1.3M60.8M-263.7K0.6979.571,1267784,9775,690
2022-05-17$253.73$300.0040.8%11.7%45.7%32.3%41.5%7.4%-0.7%-1.4M63.2M-245.1K0.6783.961,2568454,9795,701
2022-05-18$240.19$300.0041.9%12.0%47.2%33.8%44.8%10.0%0.8%-1.1M72.8M-222.4K0.7782.471,2539595,0865,889
2022-05-19$249.88$300.0042.8%12.3%50.6%35.2%43.4%5.5%-3.0%-1.5M68.1M-259.1K0.5880.621,6949795,0866,029
2022-05-20$248.97$300.0042.4%12.2%50.0%34.6%42.7%8.1%-2.0%-4.1M60.4M-263.9K0.5181.041,6738475,4986,242
2022-05-23$249.12$300.0042.6%12.2%49.7%34.9%41.7%6.4%-3.3%-1.1M56.2M-256.4K0.7181.721,1137904,0264,545
2022-05-24$249.62$300.0042.5%12.2%49.1%34.8%46.2%13.7%-1.6%-1.0M52.9M-274.0K0.7383.281,0978064,0474,769
2022-05-25$250.15$300.0040.3%11.6%49.1%31.5%42.6%6.5%-0.3%-1.1M56.8M-258.2K0.7482.561,0838044,0474,767
2022-05-26$257.26$300.0039.0%11.2%48.6%29.6%39.7%12.8%-1.9%-937.0K50.2M-279.2K0.7585.301,0848134,0494,748
2022-05-27$266.07$300.0036.9%10.6%50.5%26.6%38.7%7.5%-0.9%-799.4K43.6M-294.9K0.7285.801,1077974,0594,759
2022-05-31$262.49$300.0040.9%11.7%50.4%32.4%37.3%8.8%-3.0%-943.0K45.7M-282.2K0.7290.181,1037934,0684,764