IT Options History — August 2023

In August 2023, IT traded between $326.48 and $351.50. ATM implied volatility averaged 20.6%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 1.2% (HV 20d: 19.4%). Max pain ranged from $340.00 to $350.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 3.28.

Notable Days

  • 2023-08-01: Highest Volume — 1,311 contracts
  • 2023-08-29: Largest IV drop — 8.7% change
  • 2023-08-03: Highest IV Rank — 6.6%
  • 2023-08-02: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$339.18$326.48$351.50$343.19$350.95
Max Pain$340.87$340.00$350.00$340.00$340.00
ATM IV20.6%17.5%21.9%21.7%17.5%
Expected Move5.9%5.0%6.2%6.2%5.0%
HV 20d19.4%16.3%22.4%21.9%16.3%
HV 60d19.6%18.5%20.6%20.0%18.9%
IV Rank4.5%0.0%6.6%6.3%0.0%
IV Percentile6.9%0.0%11.1%7.9%0.0%
Term Structure2.4%-0.7%4.8%-0.7%1.9%
VWIV20.6%18.3%23.9%21.9%23.9%
Skew 25d2.4%1.1%3.6%1.6%2.5%
Skew 10d4.6%-0.2%12.5%2.9%10.6%
Call IV 25d19.6%16.4%21.9%21.1%16.4%
Put IV 25d22.0%18.7%24.1%22.8%18.8%
Bid-Ask Spread %88.3282.9294.5982.9294.59
Gamma HHI0.300.110.800.430.11
Net GEX-1.4M-3.8M-53.0K-2.5M-89.7K
Net DEX9.1M-2.7M17.7M14.0M-2.0M
Net VEX-80.9K-115.5K-67.2K-115.5K-71.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.280.1718.951.891.17
Total Volume130.304101,3111,31113
Total OI2,995.6522,0694,2064,2062,318

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$343.19$340.0021.7%6.2%21.9%6.3%21.9%1.6%-0.7%-2.5M14.0M-115.5K1.8982.924548571,4012,805
2023-08-02$340.31$340.0021.7%6.2%22.1%6.3%21.7%1.1%-0.3%-2.7M16.7M-107.7K7.7387.84443401,2632,562
2023-08-03$339.71$350.0021.9%6.2%21.9%6.6%21.8%3.2%3.7%-1.8M13.1M-98.6K0.3485.1038131,2552,249
2023-08-04$337.14$350.0021.0%6.1%22.0%5.1%21.2%1.9%4.2%-2.0M15.7M-94.3K5.8783.8515881,2572,241
2023-08-07$341.81$340.0020.9%6.1%22.4%5.0%21.5%2.9%4.1%-1.9M10.2M-94.1K1.5082.9816241,2642,296
2023-08-08$337.88$340.0020.9%6.1%22.4%5.0%21.0%1.5%3.8%-2.3M14.9M-91.5K18.9587.52213981,2612,305
2023-08-09$338.96$340.0021.2%6.1%22.2%5.5%21.1%3.0%4.1%-3.3M17.7M-96.4K1.9485.3017331,2762,567
2023-08-10$337.19$340.0020.9%6.0%21.2%5.0%20.7%2.9%4.6%-1.4M11.0M-84.1K0.3086.201031,2882,054
2023-08-11$340.38$340.0020.7%5.9%21.6%4.6%20.4%3.6%4.5%-1.3M7.9M-83.7K0.2787.531131,2892,061
2023-08-14$338.69$340.0020.3%5.8%19.6%4.0%20.1%3.2%4.8%-1.4M9.5M-77.8K1.5087.88461,2922,062
2023-08-15$334.28$340.0021.7%6.2%19.2%6.3%19.4%3.0%4.5%-1.7M14.3M-75.7K16.3385.163491,2922,063
2023-08-16$331.17$340.0021.5%6.2%19.0%6.0%21.5%1.3%4.6%-1.8M15.7M-72.6K1.8387.726111,2931,992
2023-08-17$326.48$340.0021.7%6.2%17.1%6.2%21.1%2.2%1.6%-2.1M17.2M-68.3K0.5088.7344221,2891,875
2023-08-18$328.41$340.0021.4%6.1%17.5%5.8%20.9%3.3%1.0%-3.8M14.9M-68.5K1.4689.5513191,3111,839
2023-08-21$332.64$340.0021.3%6.1%18.2%5.6%19.8%2.3%0.6%-327.3K6.1M-67.2K0.1789.312957901,279
2023-08-22$332.78$340.0021.1%6.1%16.5%5.4%21.0%2.4%0.9%-289.1K5.9M-67.6K2.3689.9811268171,282
2023-08-23$339.82$340.0019.9%5.7%17.8%3.3%19.2%2.2%1.2%-228.2K3.2M-69.0K0.6491.3064418191,300
2023-08-24$340.13$340.0020.3%5.8%17.6%4.0%19.2%2.5%1.0%-271.4K3.5M-73.1K2.2992.027168631,343
2023-08-25$344.14$340.0019.6%5.6%18.2%2.8%20.0%2.2%1.3%-172.7K1.2M-71.9K3.2190.0619618701,359
2023-08-28$344.05$340.0019.8%5.7%18.2%3.3%19.9%2.3%1.2%-234.9K1.6M-71.8K0.7590.771298761,390
2023-08-29$349.63$340.0018.1%5.2%16.6%0.4%18.3%2.2%1.7%-133.9K-1.4M-70.2K0.4592.4047218831,393
2023-08-30$351.50$340.0017.8%5.1%16.3%0.0%19.0%1.9%1.8%-53.0K-2.7M-70.1K3.9192.6811439141,402
2023-08-31$350.95$340.0017.5%5.0%16.3%0.0%23.9%2.5%1.9%-89.7K-2.0M-71.1K1.1794.59679181,400