IT Options History — August 2022

In August 2022, IT traded between $269.07 and $317.11. ATM implied volatility averaged 30.4%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 3.6% (HV 20d: 34.0%). Max pain ranged from $260.00 to $300.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 13.55.

Notable Days

  • 2022-08-04: Highest Volume — 2,771 contracts
  • 2022-08-02: Largest IV drop — 33.1% change
  • 2022-08-01: Highest IV Rank — 36.4%
  • 2022-08-01: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$298.97$269.07$317.11$269.07$287.36
Max Pain$283.48$260.00$300.00$260.00$300.00
ATM IV30.4%25.3%45.2%45.2%31.3%
Expected Move8.7%7.3%13.0%13.0%9.0%
HV 20d34.0%26.0%37.5%29.8%26.1%
HV 60d38.0%36.3%42.0%42.0%37.1%
IV Rank14.1%6.5%36.4%36.4%15.5%
IV Percentile31.3%11.1%86.1%86.1%35.3%
Term Structure2.5%-5.8%9.9%-5.8%1.3%
VWIV31.1%23.8%43.7%43.7%31.3%
Skew 25d4.8%3.8%6.5%5.5%4.7%
Skew 10d10.2%-3.2%19.7%3.3%5.1%
Call IV 25d29.0%24.5%44.2%44.2%31.1%
Put IV 25d33.8%28.7%49.6%49.6%35.8%
Bid-Ask Spread %87.5177.0995.1679.6090.59
Gamma HHI0.130.100.180.100.16
Net GEX46.9K-1.7M1.0M-469.1K-1.7M
Net DEX-14.9M-43.2M16.4M16.4M15.1M
Net VEX-212.7K-244.1K-186.5K-223.7K-188.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio13.550.00190.500.995.45
Total Volume814.8742,7712,3351,657
Total OI8,036.2177,1018,5687,6138,568

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-08-01$269.07$260.0045.2%13.0%29.8%36.4%43.7%5.5%-5.8%-469.1K16.4M-223.7K0.9979.601,1751,1603,4274,186
2022-08-02$289.41$260.0030.2%8.7%37.3%13.9%32.3%4.7%2.4%139.9K-9.8M-231.3K0.9977.661,2241,2123,5534,172
2022-08-03$288.81$260.0031.1%8.9%37.5%15.2%32.3%4.3%-0.3%211.7K-11.3M-244.1K1.4182.109511,3443,6444,150
2022-08-04$292.46$280.0031.7%9.1%37.5%16.1%32.1%4.5%3.0%314.2K-14.2M-229.8K1.9779.159341,8373,6504,297
2022-08-05$294.80$280.0030.6%9.1%36.8%14.4%23.8%6.5%2.5%276.0K-16.5M-224.9K2.7080.106771,8273,6404,507
2022-08-08$296.39$280.0031.3%8.8%36.9%15.5%33.4%4.2%3.8%359.8K-18.9M-233.3K2.6877.095951,5973,6464,512
2022-08-09$294.21$280.0032.3%9.2%33.9%17.0%31.2%5.4%3.0%347.4K-17.3M-225.0K0.1485.14111163,6664,530
2022-08-10$300.87$280.0027.9%8.0%34.1%10.3%28.2%5.6%4.6%601.7K-25.5M-216.7K7.1786.27292083,7514,535
2022-08-11$299.65$280.0029.1%8.3%33.3%12.1%28.8%3.8%5.2%607.7K-25.9M-216.1K1.0085.26223,7694,502
2022-08-12$307.14$280.0026.9%7.7%33.6%8.9%0.0%4.3%7.1%731.6K-32.6M-209.1K0.4289.531253,7694,502
2022-08-15$315.66$280.0025.3%7.3%33.3%6.5%29.2%4.2%9.9%1.0M-41.9M-205.2K1.2195.1614173,7724,507
2022-08-16$317.11$280.0027.9%8.0%32.0%10.3%27.9%4.8%5.6%1.0M-43.2M-206.1K8.0087.25131043,7774,522
2022-08-17$310.35$280.0028.8%8.3%33.9%11.7%27.9%4.7%4.8%998.6K-40.7M-218.4K0.7592.29433,7534,621
2022-08-18$315.11$280.0026.2%7.5%34.0%7.7%27.3%5.2%2.4%863.9K-42.9M-223.0K5.0992.7011563,7514,622
2022-08-19$307.57$280.0027.7%7.9%35.5%10.0%31.7%3.8%0.8%659.5K-34.7M-200.8K15.8192.29213323,7524,622
2022-08-22$303.63$280.0031.7%9.1%35.9%16.1%34.2%6.0%0.7%65.9K-8.6M-203.9K51.6090.0252582,9894,112
2022-08-23$302.79$300.0030.4%8.7%35.7%14.2%29.8%4.8%1.1%-301.0K-5.5M-209.4K0.0690.7411572,9864,351
2022-08-24$302.40$300.0029.8%8.5%33.1%13.2%27.1%4.3%1.0%-332.5K-4.6M-203.2K0.0090.812503,0614,353
2022-08-25$305.11$300.0027.4%7.8%33.1%9.5%31.3%4.7%2.1%-207.1K-7.4M-194.0K190.5091.3223813,0824,353
2022-08-26$294.85$300.0031.6%9.1%36.1%16.0%32.6%5.1%1.9%-1.1M3.8M-204.1K0.0192.6773893,0844,710
2022-08-29$292.41$300.0032.1%9.2%36.3%16.7%32.3%5.4%0.1%-1.4M9.1M-195.8K0.0090.78093,8214,718
2022-08-30$289.15$300.0031.7%9.1%26.0%16.1%35.2%5.0%0.8%-1.6M14.8M-186.5K0.2394.223583,8214,717
2022-08-31$287.36$300.0031.3%9.0%26.1%15.5%31.3%4.7%1.3%-1.7M15.1M-188.7K5.4590.592571,4003,8434,725