IT Options History — May 2024

In May 2024, IT traded between $413.23 and $453.97. ATM implied volatility averaged 19.4%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 14.7% (HV 20d: 34.2%). Max pain ranged from $430.00 to $440.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 3.84.

Notable Days

  • 2024-05-14: Highest Volume — 691 contracts
  • 2024-05-13: Largest IV spike — 23.8% change
  • 2024-05-13: Highest IV Rank — 20.2%
  • 2024-05-30: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$436.44$413.23$453.97$425.78$416.01
Max Pain$439.55$430.00$440.00$440.00$430.00
ATM IV19.4%17.8%22.3%20.6%20.9%
Expected Move5.5%5.0%6.1%5.9%6.0%
HV 20d34.2%22.9%37.6%35.2%23.6%
HV 60d26.6%25.9%27.8%27.3%26.3%
IV Rank11.3%6.5%20.2%14.9%16.0%
IV Percentile27.0%7.5%62.3%38.5%52.0%
Term Structure2.3%-0.5%6.5%-0.5%-0.1%
VWIV19.2%13.4%22.0%13.4%22.0%
Skew 25d0.8%-0.5%2.1%0.5%1.9%
Skew 10d0.5%-5.8%8.0%-2.3%-0.8%
Call IV 25d19.9%18.5%22.1%21.2%20.7%
Put IV 25d20.7%19.6%22.9%21.8%22.7%
Bid-Ask Spread %89.5385.5191.7489.8290.50
Gamma HHI0.440.170.750.440.17
Net GEX-2.7M-7.8M421.1K-3.4M-234.1K
Net DEX10.7M-11.1M43.3M33.0M9.9M
Net VEX-85.2K-101.6K-60.6K-101.6K-60.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.840.0615.504.971.00
Total Volume116.136669118510
Total OI2,593.0451,7623,3983,0861,788

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$425.78$440.0020.6%5.9%35.2%14.9%13.4%0.5%-0.5%-3.4M33.0M-101.6K4.9789.82311541,2071,879
2024-05-02$417.05$440.0020.7%5.9%35.4%15.2%20.9%2.0%-0.1%-2.9M43.3M-94.3K7.1089.08312201,2181,923
2024-05-03$429.74$440.0018.8%5.4%37.1%9.5%18.5%-0.4%0.9%-3.7M28.0M-99.3K0.1891.741731,2341,782
2024-05-06$434.52$440.0019.4%5.5%37.4%11.4%19.2%1.1%5.7%-4.3M21.5M-97.2K0.0685.513621,2301,785
2024-05-07$437.60$440.0018.5%5.2%37.6%8.6%18.5%0.4%6.2%-4.8M17.2M-97.4K0.4686.9350231,2201,785
2024-05-08$434.45$440.0018.6%5.4%37.6%8.7%20.8%0.9%6.4%-4.9M22.7M-92.2K0.2086.80511,2291,791
2024-05-09$435.08$440.0018.3%5.0%35.9%7.9%18.2%2.1%6.5%-5.2M23.1M-88.8K0.5087.971471,2331,793
2024-05-10$438.55$440.0018.0%5.0%35.3%7.1%18.0%0.6%6.5%-5.7M16.1M-88.9K0.5887.941271,2341,796
2024-05-13$439.59$440.0022.3%5.1%35.3%20.2%19.2%1.0%6.0%-6.1M15.1M-78.5K15.5087.714621,2241,794
2024-05-14$435.50$440.0020.5%5.3%35.1%14.7%19.9%-0.5%4.6%-7.8M27.4M-82.5K0.4391.414832081,2232,068
2024-05-15$446.28$440.0017.8%5.1%36.0%6.5%18.9%1.5%5.4%-5.9M-689.5K-88.9K5.2589.12281471,2672,131
2024-05-16$447.72$440.0018.5%5.3%36.0%8.5%19.5%-0.4%0.3%-2.8M-6.9M-85.8K4.0490.3024971,2711,974
2024-05-17$451.14$440.0018.9%5.4%35.2%9.7%18.8%1.1%-0.2%-1.0M-11.1M-83.0K0.9390.4240371,2792,035
2024-05-20$453.97$440.0018.8%5.4%35.1%9.3%19.5%0.2%0.4%421.1K-9.4M-81.9K9.1390.6223210899863
2024-05-21$448.11$440.0018.1%5.2%35.0%7.1%18.4%-0.2%0.7%-469-4.3M-90.4K5.5489.3837205904965
2024-05-22$450.31$440.0018.8%5.4%35.1%9.3%19.1%0.7%0.4%17.2K-5.5M-88.6K9.7091.1710979211,010
2024-05-23$444.95$440.0019.5%5.6%35.2%11.6%19.7%0.9%0.1%302.2K-3.8M-80.7K0.8490.874941920853
2024-05-24$440.11$440.0018.4%5.3%35.3%8.1%19.6%1.1%0.8%109.7K-924.0K-81.8K1.6790.9335949884
2024-05-28$433.32$440.0019.7%5.7%35.7%12.2%20.1%1.1%0.5%-144.1K3.4M-75.6K0.5390.03179952888
2024-05-29$428.77$440.0020.6%5.9%22.9%14.8%20.7%1.7%-0.4%-276.7K6.4M-74.4K15.0089.87230953891
2024-05-30$413.23$440.0021.2%6.1%24.5%16.8%19.9%0.1%0.5%-292.9K11.7M-61.4K0.9491.533331954848
2024-05-31$416.01$430.0020.9%6.0%23.6%16.0%22.0%1.9%-0.1%-234.1K9.9M-60.6K1.0090.5055976812