GOVT Options History — August 2018

In August 2018, GOVT traded between $24.38 and $24.67. ATM implied volatility averaged 89.2%, placing in the 48.0% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 86.2% (HV 20d: 3.0%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 1 of 23 days.

Notable Days

  • 2018-08-01: Highest Volume — 15 contracts
  • 2018-08-10: Largest IV spike — 790.1% change
  • 2018-08-10: Highest IV Rank — 100.0%
  • 2018-08-03: Largest Expected Move — 38.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.55$24.38$24.67$24.38$24.61
Max Pain$24.13$24.00$25.00$25.00$24.00
ATM IV89.2%20.7%184.2%63.0%57.1%
Expected Move22.4%2.3%38.2%18.1%16.4%
HV 20d3.0%2.6%3.4%2.7%2.6%
HV 60d3.3%2.5%3.6%3.6%2.5%
IV Rank48.0%10.1%100.0%34.6%29.4%
IV Percentile69.6%15.1%100.0%61.9%51.6%
Term Structure-30.5%-59.2%60.1%-53.0%60.1%
VWIV83.4%5.3%123.6%114.8%115.5%
Skew 25d5.2%-0.4%25.7%22.2%3.3%
Skew 10d5.2%-1.1%25.7%22.2%3.3%
Call IV 25d103.8%10.2%147.2%138.9%125.6%
Put IV 25d109.0%9.8%172.9%161.1%128.9%
Bid-Ask Spread %187.22166.52196.47177.73184.71
Gamma HHI0.820.511.000.581.00
Net GEX-861-3.0K-188-639-226
Net DEX12.6K5.0K24.7K17.3K5.0K
Net VEX-20-38-11-38-11
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume10.652515155
Total OI9.696515155

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$24.38$25.0063.0%18.1%2.7%34.6%114.8%22.2%-53.0%-63917.3K-380.00177.73015015
2018-08-02$24.42$25.0065.0%18.6%2.8%35.7%118.9%23.6%-56.0%-64117.3K-370.00188.99015015
2018-08-03$24.47$25.00133.3%38.2%2.9%75.2%123.6%25.7%-59.2%-52514.5K-330.00186.04015013
2018-08-06$24.48$24.0074.5%21.1%2.8%41.2%77.6%1.0%-29.8%-54814.8K-310.00192.35015013
2018-08-07$24.42$24.0078.5%21.4%2.9%43.5%78.1%0.1%-30.6%-55514.9K-300.00194.97015013
2018-08-08$24.44$24.00166.3%11.2%2.9%94.3%6.8%0.4%-31.2%-59214.9K-290.00194.61015013
2018-08-09$24.48$24.0020.7%2.3%3.0%10.1%6.2%-0.4%-5.1%-2.7K18.8K-250.00171.19015013
2018-08-10$24.57$24.00184.2%21.6%3.3%100.0%81.7%2.3%-34.7%-62714.9K-270.00188.19015013
2018-08-13$24.56$24.0078.1%22.4%3.3%41.4%84.7%2.1%-37.2%-2.7K20.3K-220.00195.70015013
2018-08-14$24.53$24.0079.2%22.7%3.3%42.0%6.9%1.7%-38.3%-2.8K21.4K-200.00196.47015013
2018-08-15$24.58$24.0080.2%23.0%3.4%42.5%87.1%2.5%-39.0%-3.0K21.9K-190.00192.13015013
2018-08-16$24.58$24.0081.3%23.3%3.2%42.8%88.2%2.4%-40.0%-2.2K23.7K-160.00194.61015013
2018-08-17$24.58$24.0082.5%23.6%3.1%43.5%5.3%2.4%-41.0%-22324.7K-150.00194.80015013
2018-08-20$24.65$24.0086.1%24.7%2.9%45.5%94.0%3.6%-24.2%-1905.0K-140.00182.620505
2018-08-21$24.61$24.0087.5%25.1%3.0%46.3%95.3%3.0%-25.1%-1905.0K-140.00194.580505
2018-08-22$24.65$24.0088.9%25.5%3.0%47.1%97.1%3.6%-26.0%-1905.0K-140.00195.320505
2018-08-23$24.67$24.0090.4%25.9%2.9%47.9%98.8%4.0%-26.9%-1885.0K-130.00192.770505
2018-08-24$24.67$24.0092.0%26.4%2.9%48.8%100.6%4.0%-28.0%-1905.0K-130.00173.570505
2018-08-27$24.63$24.0097.5%27.9%3.0%51.8%106.1%3.5%-31.8%-1895.0K-120.00174.100505
2018-08-28$24.58$24.0059.5%17.1%3.1%30.7%107.9%2.6%-33.4%-2465.0K-120.00166.520505
2018-08-29$24.58$24.00101.7%29.1%2.7%54.2%110.2%2.6%-35.0%-1895.0K-120.00196.100505
2018-08-30$24.62$24.00103.9%29.8%2.7%55.4%113.0%3.5%-36.5%-1895.0K-120.00178.070505
2018-08-31$24.61$24.0057.1%16.4%2.6%29.4%115.5%3.3%60.1%-2265.0K-110.00184.710505