GOVT Options History — July 2018

In July 2018, GOVT traded between $24.45 and $24.64. ATM implied volatility averaged 95.8%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 93.5% (HV 20d: 2.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2018-07-24: Highest Volume — 15 contracts
  • 2018-07-30: Largest IV spike — 522.2% change
  • 2018-07-10: Highest IV Rank — 87.2%
  • 2018-07-31: Largest Expected Move — 34.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.56$24.45$24.64$24.58$24.48
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV95.8%14.1%154.1%114.9%121.0%
Expected Move24.5%4.0%34.7%32.9%34.7%
HV 20d2.3%2.0%3.0%3.0%2.4%
HV 60d3.5%3.4%3.6%3.6%3.5%
IV Rank53.5%6.3%87.2%64.6%68.1%
IV Percentile77.4%4.0%99.2%93.2%92.9%
Term Structure-29.0%-49.4%-2.1%-45.0%-49.4%
VWIV89.0%22.8%112.3%94.7%112.3%
Skew 25d10.1%-110.7%26.1%25.1%23.6%
Skew 10d11.3%-110.7%26.1%25.1%23.6%
Call IV 25d93.0%11.1%133.5%128.4%133.5%
Put IV 25d103.1%8.4%157.8%153.5%157.1%
Bid-Ask Spread %185.74155.45196.86193.18192.26
Gamma HHI0.900.541.001.000.54
Net GEX-385-2.5K-187-191-593
Net DEX8.0K4.8K20.3K5.0K16.8K
Net VEX-26-44-19-23-39
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume7.857515515
Total OI7.381515515

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$24.58$0.00114.9%32.9%3.0%64.6%0.0%25.1%-45.0%-1915.0K-230.00193.180505
2018-07-03$24.59$0.00118.0%33.8%2.9%66.4%0.0%26.1%-47.4%-1945.0K-220.00192.360505
2018-07-05$24.62$0.00125.8%21.3%2.4%70.9%0.0%7.8%-20.0%-1935.0K-220.00187.680505
2018-07-06$24.64$0.00130.1%21.6%2.1%73.4%0.0%17.8%-20.5%-1885.0K-220.00192.740505
2018-07-09$24.60$0.0076.6%11.8%2.2%42.4%0.0%1.0%-2.1%-1985.0K-210.00162.570505
2018-07-10$24.59$0.00154.1%22.7%2.2%87.2%0.0%7.4%-23.1%-1945.0K-210.00187.450505
2018-07-11$24.62$0.0014.1%4.0%2.2%6.3%0.0%-5.5%-2.8%-3474.8K-210.00157.240505
2018-07-12$24.62$0.0081.2%23.3%2.1%45.1%0.0%18.7%-24.4%-1935.0K-210.00196.470505
2018-07-13$24.64$0.0082.4%23.6%2.0%45.8%0.0%19.4%-25.1%-1905.0K-210.00187.850505
2018-07-16$24.62$0.0086.2%24.7%2.0%48.0%0.0%19.8%-27.8%-1885.0K-210.00184.010505
2018-07-17$24.60$0.0087.6%25.1%2.0%48.8%0.0%19.7%-28.8%-1915.0K-200.00186.040505
2018-07-18$24.57$0.0089.0%25.5%2.0%49.6%0.0%19.6%-29.9%-1915.0K-200.00187.540505
2018-07-19$24.63$0.0090.5%25.9%2.0%50.5%0.0%20.9%-30.8%-1895.0K-200.00183.880505
2018-07-20$24.56$0.0092.2%26.4%2.2%51.4%0.0%20.0%-32.3%-1905.0K-200.00190.770505
2018-07-23$24.47$0.0099.8%28.6%2.6%55.8%0.0%19.4%-33.8%-1875.1K-190.00188.880505
2018-07-24$24.49$0.00101.8%29.2%2.6%57.0%94.7%20.2%-35.2%-1895.1K-190.00195.3501505
2018-07-25$24.48$25.00104.0%29.8%2.6%58.3%96.7%20.5%-36.8%-59816.8K-440.00196.86015015
2018-07-26$24.45$25.00106.4%30.5%2.3%59.7%98.6%20.4%-38.6%-56816.8K-430.00187.58015015
2018-07-27$24.48$25.0018.9%5.4%2.4%9.0%22.8%0.8%-8.1%-2.5K20.3K-400.00155.45015015
2018-07-30$24.46$25.00117.6%33.7%2.4%66.1%109.0%-110.7%-46.9%-63017.1K-400.00194.41015015
2018-07-31$24.48$25.00121.0%34.7%2.4%68.1%112.3%23.6%-49.4%-59316.8K-390.00192.26015015