GOVT Options History — January 2018

In January 2018, GOVT traded between $24.75 and $25.05. ATM implied volatility averaged 37.6%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 35.0% (HV 20d: 2.7%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2018-01-02: Highest Volume — 1 contracts
  • 2018-01-23: Largest IV spike — 194.6% change
  • 2018-01-23: Highest IV Rank — 95.4%
  • 2018-01-23: Largest Expected Move — 28.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.90$24.75$25.05$25.03$24.75
ATM IV37.6%18.8%99.1%38.9%42.7%
Expected Move9.8%5.4%28.4%11.2%12.2%
HV 20d2.7%2.3%3.0%2.9%2.3%
HV 60d2.7%2.6%2.8%2.7%2.6%
IV Rank34.1%15.5%95.4%37.4%39.2%
IV Percentile64.6%20.1%99.3%81.7%82.6%
Term Structure-11.3%-32.3%-3.5%-13.8%-15.1%
Skew 25d0.3%-8.0%7.7%0.5%0.1%
Skew 10d2.5%-0.8%7.7%5.4%0.4%
Call IV 25d45.8%15.2%114.6%54.6%57.3%
Put IV 25d46.1%15.8%122.3%55.1%57.3%
Bid-Ask Spread %185.46155.30195.37187.38188.16
Gamma HHI1.001.001.001.001.00
Net GEX90421599285
Net DEX-906-1.2K-394-973-864
Net VEX-4-4-3-4-3
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume11111
Total OI11111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$25.03$0.0038.9%11.2%2.9%0.0%0.0%0.5%-13.8%92-973-40.00187.381010
2018-01-03$25.05$0.0039.5%11.3%2.9%0.0%0.0%0.5%-13.4%91-980-40.00188.011010
2018-01-04$25.04$0.0040.8%7.7%2.8%37.4%0.0%0.3%-4.5%78-1.0K-40.00174.041010
2018-01-05$25.01$0.0041.6%7.7%2.8%38.2%0.0%0.3%-4.7%92-959-40.00190.191010
2018-01-08$25.01$0.0046.3%8.0%2.7%42.8%0.0%0.3%-5.3%92-957-40.00187.311010
2018-01-09$24.92$0.0049.3%7.8%3.0%45.9%0.0%0.2%-5.4%91-924-40.00190.141010
2018-01-10$24.91$0.0028.4%8.1%3.0%25.0%0.0%0.2%-5.7%81-968-40.00190.471010
2018-01-11$24.94$0.0028.4%8.1%3.0%25.0%0.0%0.2%-5.8%86-953-40.00190.231010
2018-01-12$24.94$0.0028.8%8.3%2.7%25.4%0.0%0.2%-6.0%79-992-40.00190.231010
2018-01-16$24.96$0.0019.2%5.5%2.8%15.9%0.0%-8.0%-26.4%159-394-30.00184.381010
2018-01-17$24.93$0.0018.8%5.4%2.8%15.5%0.0%0.4%-26.1%105-845-40.00168.051010
2018-01-18$24.86$0.0031.2%8.9%2.8%27.8%0.0%0.2%-7.6%91-888-40.00185.211010
2018-01-19$24.82$0.0032.2%9.2%2.5%28.9%0.0%2.5%-8.1%81-927-40.00189.991010
2018-01-22$24.82$0.0033.6%9.6%2.4%30.2%0.0%0.1%-9.3%84-909-40.00188.911010
2018-01-23$24.87$0.0099.1%28.4%2.6%95.4%0.0%7.7%-32.3%42-1.2K-40.00195.371010
2018-01-24$24.83$0.0034.5%9.9%2.6%31.2%0.0%0.2%-9.2%84-914-30.00185.051010
2018-01-25$24.87$0.0035.3%10.1%2.7%31.9%0.0%0.2%-10.2%85-926-40.00188.191010
2018-01-26$24.83$0.0036.2%10.4%2.4%32.8%0.0%0.2%-11.0%85-903-30.00188.841010
2018-01-29$24.79$0.0024.8%7.1%2.4%21.5%0.0%0.6%-3.5%116-670-30.00155.301010
2018-01-30$24.75$0.0040.8%11.7%2.4%37.4%0.0%0.0%-14.2%86-858-30.00189.321010
2018-01-31$24.75$0.0042.7%12.2%2.3%39.2%0.0%0.1%-15.1%85-864-30.00188.161010