GOVT Options History — December 2018

In December 2018, GOVT traded between $24.34 and $24.80. ATM implied volatility averaged 104.1%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 101.6% (HV 20d: 2.5%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2018-12-19: Highest Volume — 2 contracts
2018-12-19: Largest IV spike — 69.7% change
2018-12-11: Highest IV Rank — 80.4%
2018-12-05: Largest Expected Move — 35.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.58	$24.34	$24.80	$24.34	$24.80
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	104.1%	52.4%	154.3%	118.0%	114.5%
Expected Move	26.5%	15.0%	35.8%	33.8%	32.8%
HV 20d	2.5%	1.8%	3.2%	1.8%	3.2%
HV 60d	2.9%	2.7%	3.0%	2.7%	2.8%
IV Rank	52.9%	24.4%	80.4%	61.1%	58.5%
IV Percentile	67.2%	28.2%	96.4%	83.3%	79.4%
Term Structure	-35.4%	-86.4%	20.3%	-42.8%	-43.9%
Skew 25d	15.5%	-14.2%	30.1%	-2.1%	30.1%
Skew 10d	16.8%	-2.1%	30.1%	-2.1%	30.1%
Call IV 25d	102.1%	26.6%	146.0%	139.1%	125.2%
Put IV 25d	117.6%	12.4%	155.4%	137.0%	155.4%
Bid-Ask Spread %	195.55	150.72	200.00	194.65	199.23
Gamma HHI	0.58	0.50	0.85	0.50	0.58
Net GEX	-69	-261	43	-70	42
Net DEX	152	-2.4K	1.8K	1.7K	-2.4K
Net VEX	-11	-19	-5	-8	-19
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.4	0	2	0	0
Total OI	2.45	2	4	2	3

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Call OI	Put OI
2018-12-03	$24.34	$24.00	118.0%	33.8%	1.8%	61.1%	0.0%	-2.1%	-42.8%	-70	1.7K	-8	194.65	0	0	2
2018-12-04	$24.46	$24.00	120.9%	34.7%	2.3%	62.6%	0.0%	0.4%	-44.5%	-70	1.7K	-8	199.23	0	0	2
2018-12-05	$24.46	$24.00	124.8%	35.8%	2.3%	64.7%	0.0%	0.4%	-47.4%	-63	1.7K	-8	199.23	0	0	2
2018-12-06	$24.50	$0.00	128.7%	21.8%	2.3%	66.9%	0.0%	15.8%	-24.9%	-75	1.8K	-8	183.95	0	0	2
2018-12-07	$24.52	$0.00	109.8%	21.6%	2.2%	55.9%	0.0%	16.2%	-27.4%	-74	1.7K	-8	200.00	0	0	2
2018-12-10	$24.55	$0.00	147.0%	22.4%	2.1%	76.4%	0.0%	10.3%	-29.6%	-83	1.4K	-5	196.36	0	0	2
2018-12-11	$24.53	$0.00	154.3%	22.7%	2.1%	80.4%	0.0%	17.1%	-30.5%	-82	1.3K	-5	200.00	0	0	2
2018-12-12	$24.48	$0.00	82.0%	23.5%	2.3%	40.7%	0.0%	16.6%	-29.1%	-76	1.6K	-7	200.00	0	0	2
2018-12-13	$24.51	$0.00	81.4%	23.3%	2.3%	40.3%	0.0%	17.3%	-32.2%	-62	1.7K	-7	200.00	0	0	2
2018-12-14	$24.54	$0.00	82.5%	23.7%	2.3%	41.0%	0.0%	17.9%	-33.0%	-79	1.5K	-6	200.00	0	0	2
2018-12-17	$24.60	$0.00	86.2%	24.7%	2.4%	43.0%	0.0%	19.7%	20.3%	-237	1.3K	-7	200.00	0	0	2
2018-12-18	$24.61	$0.00	52.4%	15.0%	2.3%	24.4%	0.0%	-14.2%	-86.4%	-261	1.1K	-6	150.72	0	0	2
2018-12-19	$24.69	$0.00	88.9%	25.5%	2.5%	44.5%	0.0%	21.8%	-37.8%	-239	1.0K	-6	200.00	2	0	2
2018-12-20	$24.64	$0.00	90.5%	25.9%	2.7%	45.3%	0.0%	21.3%	-39.2%	-164	-2.1K	-19	199.23	2	2	2
2018-12-21	$24.66	$0.00	92.0%	26.4%	2.6%	46.2%	0.0%	22.0%	-40.5%	42	-2.4K	-19	200.00	2	2	2
2018-12-24	$24.71	$0.00	97.1%	27.8%	2.7%	49.0%	0.0%	24.0%	-31.3%	42	-2.4K	-19	190.73	2	2	1
2018-12-26	$24.63	$0.00	101.6%	29.1%	3.0%	51.4%	0.0%	23.5%	-34.8%	43	-2.3K	-19	199.60	0	2	1
2018-12-27	$24.69	$0.00	103.8%	29.7%	3.1%	52.6%	0.0%	25.2%	-36.2%	42	-2.4K	-19	198.12	0	2	1
2018-12-28	$24.76	$0.00	106.1%	30.4%	3.2%	53.9%	0.0%	27.2%	-37.7%	42	-2.4K	-19	200.00	0	2	1
2018-12-31	$24.80	$0.00	114.5%	32.8%	3.2%	58.5%	0.0%	30.1%	-43.9%	42	-2.4K	-19	199.23	0	2	1