IT Options History — October 2023

In October 2023, IT traded between $325.74 and $361.13. ATM implied volatility averaged 32.0%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 13.1% (HV 20d: 19.0%). Max pain ranged from $330.00 to $360.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 5.00.

Notable Days

  • 2023-10-18: Highest Volume — 448 contracts
  • 2023-10-11: Largest IV spike — 52.9% change
  • 2023-10-31: Highest IV Rank — 66.2%
  • 2023-10-31: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$346.11$325.74$361.13$346.57$331.49
Max Pain$352.27$330.00$360.00$360.00$360.00
ATM IV32.0%20.8%41.8%22.5%41.8%
Expected Move9.7%6.4%12.0%6.4%12.0%
HV 20d19.0%17.2%21.1%18.4%18.0%
HV 60d18.1%17.2%19.4%18.8%17.4%
IV Rank40.7%11.2%66.2%15.7%66.2%
IV Percentile67.2%16.3%96.4%27.4%96.4%
Term Structure-3.7%-10.0%8.9%8.6%-10.0%
VWIV34.2%23.2%45.0%23.2%43.9%
Skew 25d4.4%3.3%6.1%3.3%6.1%
Skew 10d7.4%2.1%10.6%5.8%7.7%
Call IV 25d31.7%21.4%39.2%21.4%38.5%
Put IV 25d36.1%24.6%44.7%24.6%44.7%
Bid-Ask Spread %72.8760.6489.2687.8977.72
Gamma HHI0.220.120.630.170.12
Net GEX-339.6K-2.8M657.9K-192.8K-441.6K
Net DEX2.2M-8.9M12.1M2.0M9.8M
Net VEX-76.0K-81.9K-64.8K-78.9K-64.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.000.0552.632.0810.00
Total Volume80.90944484055
Total OI2,030.9551,8052,5841,8051,953

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$346.57$360.0022.5%6.4%18.4%15.7%23.2%3.3%8.6%-192.8K2.0M-78.9K2.0887.8913277921,013
2023-10-03$341.49$360.0025.5%7.3%19.0%23.5%23.7%3.7%7.6%-310.9K4.7M-78.4K4.3085.2310437981,027
2023-10-04$347.26$360.0023.1%6.6%20.1%17.2%31.1%3.6%8.9%-207.4K2.1M-80.4K3.0089.26398001,066
2023-10-05$353.16$330.0023.6%9.4%20.7%18.6%30.9%4.3%-3.8%-6.8K-1.2M-80.2K0.0560.649258011,069
2023-10-06$354.52$330.0022.5%9.2%20.8%15.6%31.7%4.4%-4.0%185.4K-3.4M-81.9K0.1169.99918931,070
2023-10-09$353.98$330.0024.1%9.5%20.4%19.8%32.6%4.5%-4.4%179.9K-3.0M-79.7K0.1965.682149021,070
2023-10-10$355.18$330.0020.8%9.0%20.4%11.2%31.9%4.4%-3.8%301.2K-4.1M-77.9K0.6771.6024169211,069
2023-10-11$361.13$340.0031.8%9.1%21.1%40.1%31.4%3.4%-4.0%657.9K-8.9M-77.4K0.0767.173029531,082
2023-10-12$358.08$340.0031.9%9.1%20.7%40.3%32.0%3.5%-4.3%552.4K-6.9M-76.4K1.3071.7137489561,084
2023-10-13$357.85$350.0033.2%9.5%18.9%43.9%33.2%3.5%-4.5%493.6K-6.4M-80.3K1.7967.4329529881,119
2023-10-16$354.16$360.0034.4%9.8%19.0%46.8%35.0%4.1%-5.1%177.1K-2.4M-78.1K17.0067.531179971,170
2023-10-17$351.34$360.0034.2%9.8%19.1%46.4%36.1%4.5%-5.1%-49.5K189.6K-76.9K52.6366.8084219961,183
2023-10-18$349.89$360.0034.4%9.9%18.9%47.0%34.3%4.6%-4.9%-2.8M7.8M-80.5K9.1870.34444049991,585
2023-10-19$352.34$360.0035.0%10.0%17.9%48.6%35.8%4.6%-5.0%-1.0M1.3M-78.3K0.2768.1551141,0321,350
2023-10-20$348.92$360.0035.5%10.2%17.2%49.8%38.5%4.6%-5.3%-2.5M4.4M-78.9K2.8572.4926741,0751,362
2023-10-23$343.18$360.0037.0%10.6%17.8%53.9%35.4%5.1%-6.1%-311.7K3.4M-76.3K0.7674.8529227711,112
2023-10-24$336.70$360.0036.8%10.5%17.2%53.2%36.7%4.0%-6.4%-380.4K6.9M-73.5K0.8273.1317147741,132
2023-10-25$332.01$360.0038.4%11.0%17.7%57.4%36.8%5.1%-6.9%-412.1K9.2M-71.6K0.2573.531647861,140
2023-10-26$329.41$360.0038.8%11.1%17.8%58.6%0.0%5.1%-7.1%-430.4K10.5M-69.7K1.0071.42227871,145
2023-10-27$325.74$360.0038.8%11.1%17.9%58.4%38.3%5.3%-7.0%-451.9K12.1M-65.9K0.5575.051167861,145
2023-10-30$330.06$360.0040.9%11.7%18.5%64.1%45.0%4.5%-9.0%-450.9K10.4M-66.1K1.0375.5133347831,145
2023-10-31$331.49$360.0041.8%12.0%18.0%66.2%43.9%6.1%-10.0%-441.6K9.8M-64.8K10.0077.725508041,149