GOVT Options History — May 2018

In May 2018, GOVT traded between $24.27 and $24.72. ATM implied volatility averaged 85.5%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 82.5% (HV 20d: 3.0%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2018-05-01: Highest Volume — 25 contracts
  • 2018-05-30: Largest IV spike — 579.8% change
  • 2018-05-07: Highest IV Rank — 100.0%
  • 2018-05-31: Largest Expected Move — 36.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.43$24.27$24.72$24.40$24.66
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV85.5%17.9%157.8%121.2%125.7%
Expected Move20.2%5.1%36.0%34.7%36.0%
HV 20d3.0%2.7%4.3%2.9%4.3%
HV 60d2.9%2.8%3.4%3.2%3.4%
IV Rank54.6%9.5%100.0%82.2%79.2%
IV Percentile80.5%9.8%100.0%98.5%97.4%
Term Structure-39.0%-59.0%-5.8%-44.9%-59.0%
VWIV128.3%126.4%130.2%126.4%130.2%
Skew 25d3.8%-5.1%93.8%-1.0%4.9%
Skew 10d3.9%-5.1%93.8%-1.0%4.8%
Call IV 25d98.6%19.0%148.0%142.4%148.0%
Put IV 25d102.4%19.3%152.8%141.4%152.8%
Bid-Ask Spread %186.24150.10196.85169.68193.91
Gamma HHI1.001.001.001.001.00
Net GEX-1.8K-9.5K-143-910-184
Net DEX16.2K4.8K26.1K26.0K4.9K
Net VEX-44-71-26-71-26
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume17.727525255
Total OI17.727525255

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$24.40$24.00121.2%34.7%2.9%82.2%126.4%-1.0%-44.9%-91026.0K-710.00169.68025025
2018-05-02$24.40$24.00124.9%35.8%2.9%84.8%130.2%-1.1%-47.7%-90726.0K-700.00195.04025025
2018-05-03$24.45$0.00128.8%21.8%3.0%87.6%0.0%0.4%-30.2%-90925.9K-680.00191.66025025
2018-05-04$24.45$0.00133.3%22.1%2.7%90.7%0.0%0.5%-31.1%-90925.9K-670.00190.21025025
2018-05-07$24.45$0.00150.4%12.2%2.7%100.0%0.0%0.4%-32.8%-91726.0K-620.00189.24025025
2018-05-08$24.43$0.00157.8%12.3%2.7%100.0%0.0%0.2%-34.0%-90726.0K-600.00186.90025025
2018-05-09$24.37$0.0044.1%12.6%2.7%26.4%0.0%-0.8%-37.4%-91026.1K-590.00188.60025025
2018-05-10$24.43$0.0043.7%12.5%2.7%26.2%0.0%0.1%-35.7%-91526.0K-570.00190.32025025
2018-05-11$24.44$0.0044.3%12.7%2.7%26.6%0.0%0.2%-36.6%-91126.0K-550.00191.22025025
2018-05-14$24.41$0.0088.3%25.3%2.7%55.0%0.0%-0.3%-40.5%-5.5K19.6K-460.00190.32025025
2018-05-15$24.31$0.0044.5%12.8%3.0%26.7%0.0%-5.1%-40.6%-7.0K19.9K-440.00192.29025025
2018-05-16$24.29$0.0047.3%13.6%2.8%28.5%0.0%-2.4%-43.8%-7.7K19.6K-400.00186.67025025
2018-05-17$24.27$0.0048.1%13.8%2.8%29.0%0.0%-2.8%-45.5%-9.5K17.6K-360.00191.19025025
2018-05-18$24.33$0.0048.3%13.9%2.8%29.2%0.0%-1.9%-46.2%-1815.4K-280.00184.34025025
2018-05-21$24.34$0.00100.1%28.7%2.8%62.6%0.0%-1.8%-34.4%-1825.5K-270.00183.550505
2018-05-22$24.33$0.0069.7%20.0%2.8%43.0%0.0%-2.0%-35.9%-1815.4K-270.00183.620505
2018-05-23$24.40$0.0058.0%16.6%3.0%35.4%0.0%93.8%-37.2%-1855.5K-270.00166.450505
2018-05-24$24.44$0.0057.0%16.4%3.0%34.8%0.0%-4.1%-38.6%-1775.0K-270.00190.630505
2018-05-25$24.52$0.00106.5%30.5%3.1%66.8%0.0%1.6%-43.5%-1745.0K-270.00194.390505
2018-05-29$24.72$0.0017.9%5.1%4.2%9.5%0.0%1.7%-5.8%-1434.8K-270.00150.100505
2018-05-30$24.63$0.00121.8%34.9%4.3%76.7%0.0%4.3%-55.7%-1824.9K-260.00196.850505
2018-05-31$24.66$0.00125.7%36.0%4.3%79.2%0.0%4.9%-59.0%-1844.9K-260.00193.910505