IT Options History — December 2024

In December 2024, IT traded between $482.11 and $521.95. ATM implied volatility averaged 21.1%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.2% (HV 20d: 16.9%). Max pain ranged from $490.00 to $520.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 4.45.

Notable Days

2024-12-12: Highest Volume — 430 contracts
2024-12-11: Largest IV drop — 23.7% change
2024-12-10: Highest IV Rank — 21.6%
2024-12-19: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$501.87	$482.11	$521.95	$517.59	$483.99
Max Pain	$510.00	$490.00	$520.00	$500.00	$490.00
ATM IV	21.1%	19.2%	25.4%	21.5%	20.6%
Expected Move	6.0%	5.4%	7.0%	6.2%	5.9%
HV 20d	16.9%	10.7%	25.5%	25.1%	16.8%
HV 60d	18.7%	17.8%	19.6%	18.4%	19.3%
IV Rank	10.0%	5.9%	21.6%	11.6%	7.9%
IV Percentile	40.4%	13.9%	71.0%	54.4%	35.3%
Term Structure	5.2%	-1.7%	8.3%	-1.7%	8.2%
VWIV	23.9%	19.3%	53.9%	24.4%	21.4%
Skew 25d	2.6%	-3.2%	7.4%	3.2%	2.3%
Skew 10d	4.2%	-6.7%	13.7%	8.1%	3.9%
Call IV 25d	20.7%	17.6%	27.8%	19.7%	20.4%
Put IV 25d	23.4%	20.1%	27.9%	22.9%	22.7%
Bid-Ask Spread %	86.87	75.89	98.54	98.54	90.11
Gamma HHI	0.17	0.13	0.22	0.22	0.14
Net GEX	-68.2K	-580.7K	263.8K	243.7K	-204.4K
Net DEX	-1.3M	-6.7M	4.8M	-6.0M	1.4M
Net VEX	-50.4K	-56.7K	-43.2K	-46.3K	-49.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.45	0.00	42.00	8.00	7.00
Total Volume	53.714	1	430	54	4
Total OI	1,492.429	896	1,888	1,512	974

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
2024-12-02	$517.59	$500.00	21.5%	6.2%	25.1%	11.6%	24.4%	3.2%	-1.7%	243.7K	-6.0M	-46.3K	8.00	98.54	6	48	889	623
2024-12-03	$515.39	$510.00	20.7%	5.9%	25.2%	9.7%	20.7%	-0.5%	-0.2%	98.4K	-4.5M	-52.0K	0.40	96.43	10	4	891	685
2024-12-04	$521.95	$510.00	20.2%	5.8%	25.5%	8.4%	20.8%	5.1%	-0.2%	263.8K	-6.7M	-52.2K	1.90	97.45	10	19	892	684
2024-12-05	$519.19	$520.00	19.7%	5.9%	16.8%	7.2%	23.4%	2.2%	5.2%	114.6K	-5.2M	-48.9K	0.40	75.89	5	2	896	683
2024-12-06	$516.60	$520.00	19.2%	5.4%	16.4%	5.9%	0.0%	2.4%	7.1%	54.5K	-4.7M	-48.1K	0.38	84.14	8	3	899	684
2024-12-09	$512.18	$520.00	22.0%	5.9%	15.2%	12.9%	19.3%	4.6%	3.7%	-153.3K	-2.7M	-43.2K	5.38	88.09	8	43	903	687
2024-12-10	$513.34	$520.00	25.4%	5.9%	15.2%	21.6%	25.9%	2.7%	4.4%	-109.1K	-2.5M	-51.0K	42.00	80.78	1	42	906	729
2024-12-11	$518.14	$520.00	19.4%	5.6%	15.7%	6.4%	23.7%	1.6%	7.0%	36.1K	-4.5M	-51.2K	0.71	80.93	24	17	907	768
2024-12-12	$515.44	$520.00	19.7%	5.6%	15.6%	7.0%	19.8%	1.7%	5.5%	-112.8K	-3.1M	-49.8K	0.00	81.08	430	0	922	785
2024-12-13	$508.19	$520.00	19.9%	5.7%	13.5%	7.5%	19.9%	1.5%	6.4%	114.7K	-2.6M	-56.7K	1.43	79.94	7	10	1,081	784
2024-12-16	$504.16	$520.00	21.4%	6.1%	10.7%	10.0%	53.9%	7.4%	5.3%	-39.2K	-1.8M	-55.5K	0.21	84.46	24	5	1,082	787
2024-12-17	$498.55	$520.00	21.8%	6.3%	11.1%	11.1%	20.8%	3.3%	6.4%	-194.3K	620.9K	-50.2K	0.44	84.61	18	8	1,093	782
2024-12-18	$482.11	$520.00	23.3%	6.7%	15.7%	14.8%	25.2%	-0.3%	4.3%	-457.9K	4.3M	-53.7K	2.80	94.34	20	56	1,106	781
2024-12-19	$484.09	$520.00	24.4%	7.0%	15.9%	17.7%	27.1%	-0.4%	5.0%	-580.7K	4.8M	-50.8K	2.00	81.67	13	26	1,113	775
2024-12-20	$490.85	$520.00	21.8%	6.3%	16.8%	11.1%	22.0%	3.6%	5.5%	-191.3K	1.7M	-47.0K	5.72	83.17	25	143	1,118	757
2024-12-23	$486.72	$500.00	21.5%	6.2%	16.8%	10.3%	23.6%	2.7%	6.0%	-79.6K	1.3M	-50.1K	0.44	84.28	27	12	496	400
2024-12-24	$488.10	$490.00	19.9%	5.7%	16.9%	6.0%	20.0%	7.2%	8.0%	-13.2K	483.3K	-52.1K	0.08	88.92	13	1	521	408
2024-12-26	$490.24	$490.00	20.2%	5.8%	16.8%	6.9%	20.4%	-3.2%	8.1%	52.2K	-491.0K	-52.2K	5.33	91.81	3	16	530	408
2024-12-27	$485.85	$490.00	20.4%	5.9%	16.8%	7.6%	0.0%	5.2%	7.3%	-154.9K	1.1M	-49.8K	0.00	88.80	0	1	533	423
2024-12-30	$486.53	$490.00	20.4%	5.8%	16.8%	7.5%	22.0%	3.2%	8.3%	-119.8K	966.7K	-48.7K	7.00	88.87	2	14	533	423
2024-12-31	$483.99	$490.00	20.6%	5.9%	16.8%	7.9%	21.4%	2.3%	8.2%	-204.4K	1.4M	-49.3K	0.00	90.11	0	4	536	438