GOVT Options History — November 2018

In November 2018, GOVT traded between $24.06 and $24.37. ATM implied volatility averaged 114.8%, placing in the 60.1% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 112.0% (HV 20d: 2.9%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2018-11-20: Highest Volume — 3 contracts
  • 2018-11-12: Largest IV drop — 57.7% change
  • 2018-11-09: Highest IV Rank — 100.0%
  • 2018-11-02: Largest Expected Move — 38.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.22$24.06$24.37$24.17$24.37
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV114.8%80.5%190.0%129.7%109.1%
Expected Move26.5%21.3%38.6%37.2%31.3%
HV 20d2.9%2.4%3.1%2.7%2.4%
HV 60d2.9%2.8%3.0%2.9%2.8%
IV Rank60.1%40.8%100.0%69.6%56.3%
IV Percentile74.8%48.0%100.0%92.9%80.2%
Term Structure-35.9%-63.2%-23.2%-57.8%-36.4%
VWIV91.1%75.5%113.6%75.5%113.6%
Skew 25d-1.9%-22.3%18.0%18.0%-1.4%
Skew 10d-1.9%-22.3%18.0%18.0%-1.4%
Call IV 25d109.1%88.8%153.1%146.5%128.4%
Put IV 25d107.2%84.6%169.3%164.5%127.1%
Bid-Ask Spread %189.39170.57198.42179.01184.02
Gamma HHI0.840.511.001.000.51
Net GEX-52-90-37-90-66
Net DEX1.4K1.0K2.1K2.1K1.7K
Net VEX-5-9-3-7-9
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume2.3812323
Total OI1.4291222

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$24.17$0.00129.7%37.2%2.7%69.6%0.0%18.0%-57.8%-902.1K-70.00179.010202
2018-11-02$24.07$0.00134.6%38.6%3.0%72.4%0.0%16.2%-62.4%-752.1K-70.00198.420202
2018-11-05$24.10$24.00151.8%21.3%3.0%81.9%75.5%-4.2%-30.1%-371.1K-30.00191.210201
2018-11-06$24.09$24.00159.2%21.5%3.0%86.1%76.3%-4.4%-30.8%-371.1K-30.00190.950201
2018-11-07$24.08$24.00167.8%21.8%3.0%90.9%77.1%-4.6%-31.5%-381.1K-30.00193.520201
2018-11-08$24.06$24.00178.1%22.0%2.7%96.6%77.9%-4.9%-32.3%-381.1K-30.00192.380201
2018-11-09$24.12$24.00190.0%22.3%2.9%100.0%79.1%-4.1%-32.8%-381.1K-30.00182.540201
2018-11-12$24.19$24.0080.5%23.1%3.1%40.8%82.5%-3.3%-34.8%-371.0K-30.00192.430201
2018-11-13$24.19$24.0081.5%23.4%3.1%41.4%83.6%-3.3%-35.7%-371.0K-30.00190.790201
2018-11-14$24.21$24.0082.6%23.7%3.0%41.9%84.8%-3.0%-63.2%-381.0K-30.00184.900201
2018-11-15$24.24$24.0083.7%24.0%3.0%42.5%86.1%-2.7%-37.3%-371.0K-30.00192.150201
2018-11-16$24.28$24.0084.8%24.3%3.1%43.1%87.6%-2.1%-38.0%-381.0K-30.00185.970201
2018-11-19$24.32$24.0088.5%25.4%3.1%45.2%91.8%-1.7%-23.2%-371.0K-30.00193.770201
2018-11-20$24.31$24.0090.0%25.8%3.1%45.9%93.2%-1.9%-24.1%-381.0K-30.00195.740301
2018-11-21$24.31$24.0091.5%26.2%2.9%46.7%94.8%-1.9%-25.0%-661.8K-90.00194.260302
2018-11-23$24.31$24.0094.6%27.1%2.9%48.4%98.0%-2.0%-26.9%-671.8K-90.00195.740302
2018-11-26$24.31$24.00100.2%28.7%2.6%51.4%103.7%-2.2%-30.5%-681.7K-90.00170.570302
2018-11-27$24.31$24.00102.2%29.3%2.6%52.6%105.8%-2.3%-31.9%-681.7K-90.00180.600302
2018-11-28$24.31$24.00104.5%29.9%2.5%53.8%108.1%-2.4%-33.4%-671.8K-90.00194.610302
2018-11-29$24.33$24.00106.7%30.6%2.4%55.0%110.7%-22.3%-34.9%-671.8K-90.00193.560302
2018-11-30$24.37$24.00109.1%31.3%2.4%56.3%113.6%-1.4%-36.4%-661.7K-90.00184.020302