IT Options History — August 2024

In August 2024, IT traded between $457.55 and $493.94. ATM implied volatility averaged 22.9%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 11.4% (HV 20d: 34.3%). Max pain ranged from $460.00 to $470.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-08-05: Highest Volume — 192 contracts
  • 2024-08-12: Largest IV spike — 31.8% change
  • 2024-08-05: Highest IV Rank — 58.6%
  • 2024-08-05: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$480.01$457.55$493.94$493.94$489.21
Max Pain$469.55$460.00$470.00$460.00$470.00
ATM IV22.9%19.2%34.9%21.8%19.2%
Expected Move6.4%5.5%8.7%6.2%5.5%
HV 20d34.3%24.4%38.2%28.8%24.4%
HV 60d25.8%22.9%26.9%22.9%24.3%
IV Rank22.0%10.7%58.6%18.6%10.7%
IV Percentile54.1%25.4%84.9%64.7%25.4%
Term Structure1.8%-2.4%5.0%1.1%1.0%
VWIV22.3%16.1%29.9%21.4%20.2%
Skew 25d3.3%1.5%5.4%2.8%5.4%
Skew 10d8.0%2.9%17.2%6.9%6.9%
Call IV 25d21.4%16.6%28.5%22.4%16.6%
Put IV 25d24.7%20.7%33.0%25.2%22.0%
Bid-Ask Spread %85.7580.3892.7085.5292.70
Gamma HHI0.230.120.640.190.24
Net GEX2.4M313.0K7.7M3.1M628.8K
Net DEX-16.1M-41.8M-2.5M-41.8M-10.0M
Net VEX-79.5K-122.2K-56.8K-111.9K-56.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.002.501.100.41
Total Volume38.955219213038
Total OI2,702.51,4563,7313,6521,534

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$493.94$460.0021.8%6.2%28.8%18.6%21.4%2.8%1.1%3.1M-41.8M-111.9K1.1085.5262681,8071,845
2024-08-02$478.61$470.0026.9%7.7%31.5%34.2%29.9%2.5%-2.4%2.6M-24.0M-122.2K2.2584.948181,8441,879
2024-08-05$457.55$470.0034.9%8.7%35.8%58.6%29.8%4.5%0.3%728.0K-2.5M-117.4K0.2080.38160321,8451,886
2024-08-06$473.36$470.0028.5%7.6%37.6%39.1%26.4%3.3%2.9%2.5M-17.6M-107.7K1.1281.0733371,7981,884
2024-08-07$469.55$470.0027.4%7.6%37.7%35.9%25.6%4.3%3.9%2.4M-13.5M-100.1K0.3083.431031,8251,864
2024-08-08$478.38$470.0023.7%7.1%38.2%24.5%26.0%3.6%3.9%3.7M-24.1M-97.6K0.8187.5226211,8301,865
2024-08-09$480.94$470.0022.6%6.7%37.7%20.9%24.2%3.7%5.0%4.3M-26.3M-96.2K0.5082.30211,8191,860
2024-08-12$474.47$470.0029.7%6.9%38.0%42.9%23.3%3.2%4.0%3.6M-16.0M-85.4K0.1382.271521,8201,859
2024-08-13$480.29$470.0025.1%6.5%37.5%28.5%22.1%3.7%4.1%5.4M-24.8M-80.4K0.1281.626881,8321,860
2024-08-14$477.89$470.0022.1%6.3%37.5%19.3%21.7%3.2%4.2%5.5M-21.2M-77.0K0.0082.821101,8391,858
2024-08-15$484.44$470.0020.8%6.0%37.6%15.4%19.8%3.4%0.9%6.3M-32.6M-73.4K0.1885.8065121,8411,857
2024-08-16$481.54$470.0020.5%5.9%37.7%14.5%20.0%1.5%0.6%7.7M-28.5M-64.7K0.0087.49901,8571,849
2024-08-19$483.32$470.0019.5%5.6%36.3%11.4%20.0%1.8%0.9%462.5K-8.5M-60.1K2.5090.141640811645
2024-08-20$481.38$470.0019.5%5.6%36.3%11.6%19.3%3.7%1.1%363.9K-7.9M-68.3K0.0585.41221818675
2024-08-21$479.37$470.0020.1%5.8%35.5%13.5%21.7%2.7%0.7%324.4K-6.9M-63.6K0.9086.84109828676
2024-08-22$479.06$470.0020.6%5.9%35.4%14.9%19.9%1.6%1.0%313.0K-6.8M-64.1K0.3388.3431832685
2024-08-23$479.84$470.0019.6%5.6%35.1%11.8%20.5%3.7%1.4%331.5K-6.9M-62.8K1.6786.4635835684
2024-08-26$482.65$470.0020.4%5.8%35.2%14.2%19.9%3.7%1.0%419.5K-7.9M-62.8K0.1486.5471838687
2024-08-27$485.83$470.0019.7%5.7%27.4%12.2%16.1%4.0%1.0%396.7K-8.0M-57.2K0.1090.25101840687
2024-08-28$481.97$470.0021.3%6.1%27.4%16.9%21.5%2.8%1.0%409.6K-7.9M-58.9K1.0087.3211841687
2024-08-29$486.61$470.0020.3%5.8%26.9%14.0%21.1%2.4%1.4%584.1K-9.8M-60.1K1.4387.36710841688
2024-08-30$489.21$470.0019.2%5.5%24.4%10.7%20.2%5.4%1.0%628.8K-10.0M-56.8K0.4192.702711842692