IT Options History — June 2023

In June 2023, IT traded between $337.99 and $356.44. ATM implied volatility averaged 21.1%, placing in the 1.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.1% (HV 20d: 19.0%). Max pain ranged from $330.00 to $340.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.48.

Notable Days

2023-06-20: Highest Volume — 151 contracts
2023-06-12: Largest IV spike — 25.7% change
2023-06-13: Highest IV Rank — 10.9%
2023-06-01: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$346.14	$337.99	$356.44	$340.69	$350.99
Max Pain	$336.19	$330.00	$340.00	$330.00	$340.00
ATM IV	21.1%	18.3%	27.4%	22.4%	18.3%
Expected Move	5.8%	5.2%	6.4%	6.4%	5.2%
HV 20d	19.0%	16.7%	20.6%	20.3%	19.2%
HV 60d	22.7%	21.2%	26.0%	26.0%	21.2%
IV Rank	1.7%	0.0%	10.9%	1.0%	0.0%
IV Percentile	3.1%	0.0%	29.8%	0.4%	0.0%
Term Structure	6.6%	-0.0%	9.3%	0.0%	8.8%
VWIV	20.8%	18.2%	24.8%	23.5%	18.2%
Skew 25d	2.3%	0.7%	3.4%	1.5%	2.2%
Skew 10d	3.4%	-4.4%	7.1%	2.2%	6.0%
Call IV 25d	19.7%	17.6%	23.3%	23.3%	17.6%
Put IV 25d	22.1%	19.8%	24.8%	24.8%	19.8%
Bid-Ask Spread %	84.94	72.97	93.43	88.06	88.50
Gamma HHI	0.24	0.17	0.47	0.22	0.19
Net GEX	536.3K	24.5K	1.5M	311.2K	307.1K
Net DEX	-12.5M	-27.8M	-1.8M	-10.7M	-7.8M
Net VEX	-56.4K	-70.3K	-44.6K	-70.3K	-60.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.48	0.14	13.60	0.78	0.14
Total Volume	63.143	12	151	48	40
Total OI	2,485.857	1,447	3,201	3,017	1,821

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-06-01	$340.69	$330.00	22.4%	6.4%	20.3%	1.0%	23.5%	1.5%	0.0%	311.2K	-10.7M	-70.3K	0.78	88.06	27	21	1,536	1,481
2023-06-02	$345.25	$330.00	21.1%	6.1%	17.8%	0.0%	24.0%	0.8%	-0.0%	660.4K	-15.9M	-66.1K	0.87	86.84	15	13	1,548	1,476
2023-06-05	$342.07	$330.00	22.4%	6.2%	18.7%	2.3%	24.8%	2.0%	6.0%	443.6K	-12.9M	-62.6K	1.00	77.86	18	18	1,553	1,475
2023-06-06	$339.84	$330.00	21.9%	6.1%	19.3%	1.5%	21.4%	3.4%	5.9%	328.3K	-11.2M	-62.1K	13.60	77.81	5	68	1,563	1,474
2023-06-07	$338.33	$330.00	22.0%	6.0%	19.5%	1.6%	20.3%	3.2%	5.9%	133.7K	-9.1M	-61.7K	0.76	81.76	34	26	1,564	1,508
2023-06-08	$344.23	$330.00	22.5%	6.1%	19.9%	2.4%	20.7%	3.1%	5.9%	669.1K	-15.6M	-58.8K	0.76	80.90	62	47	1,593	1,499
2023-06-09	$345.27	$330.00	21.4%	5.8%	19.9%	0.6%	21.3%	3.2%	6.0%	745.5K	-17.6M	-58.1K	0.73	82.30	33	24	1,633	1,529
2023-06-12	$353.41	$330.00	27.0%	6.0%	20.6%	10.2%	21.6%	3.2%	6.0%	1.3M	-24.0M	-53.9K	3.11	72.97	9	28	1,644	1,521
2023-06-13	$354.89	$340.00	27.4%	5.9%	20.4%	10.9%	22.6%	2.1%	5.9%	1.4M	-26.5M	-47.8K	0.26	79.53	89	23	1,642	1,536
2023-06-14	$352.69	$340.00	20.4%	5.9%	20.1%	0.0%	21.2%	2.9%	6.4%	1.3M	-24.8M	-47.8K	0.70	81.86	37	26	1,635	1,543
2023-06-15	$356.44	$340.00	19.8%	5.7%	20.2%	0.0%	20.3%	2.0%	8.8%	1.5M	-27.8M	-46.2K	0.40	83.26	30	12	1,644	1,549
2023-06-16	$354.97	$340.00	20.3%	5.8%	18.9%	1.0%	19.8%	2.3%	8.7%	1.2M	-26.5M	-44.6K	0.30	85.25	105	31	1,646	1,555
2023-06-20	$353.58	$340.00	20.8%	6.0%	19.0%	1.8%	19.8%	2.8%	7.9%	236.8K	-8.2M	-47.5K	2.60	85.57	42	109	601	846
2023-06-21	$351.56	$340.00	19.6%	5.6%	19.3%	0.0%	19.8%	2.4%	6.0%	166.9K	-6.6M	-53.9K	0.44	87.85	16	7	630	950
2023-06-22	$346.58	$340.00	19.3%	5.5%	18.6%	0.0%	20.3%	0.7%	7.6%	134.1K	-4.9M	-54.5K	2.80	89.25	5	14	642	950
2023-06-23	$339.92	$340.00	19.3%	5.5%	19.9%	0.0%	18.4%	2.6%	7.9%	46.0K	-2.1M	-54.9K	0.65	90.35	34	22	645	958
2023-06-26	$338.02	$340.00	19.8%	5.7%	17.1%	0.8%	19.7%	2.6%	9.3%	24.5K	-1.8M	-55.3K	2.86	91.92	7	20	669	972
2023-06-27	$339.56	$340.00	19.7%	5.6%	16.7%	0.7%	19.5%	2.2%	8.1%	45.1K	-2.4M	-56.6K	0.69	89.89	71	49	668	982
2023-06-28	$337.99	$340.00	19.1%	5.5%	16.8%	0.0%	20.4%	1.2%	8.3%	123.5K	-1.8M	-60.3K	11.00	93.43	1	11	724	1,027
2023-06-29	$342.64	$340.00	19.6%	5.6%	17.6%	0.8%	20.1%	2.7%	8.2%	176.7K	-4.1M	-59.9K	7.56	88.60	9	68	723	1,048
2023-06-30	$350.99	$340.00	18.3%	5.2%	19.2%	0.0%	18.2%	2.2%	8.8%	307.1K	-7.8M	-60.7K	0.14	88.50	35	5	728	1,093