GOVT Options History — January 2019

In January 2019, GOVT traded between $24.68 and $24.97. ATM implied volatility averaged 94.1%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 90.4% (HV 20d: 3.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2019-01-25: Highest Volume — 15 contracts
2019-01-15: Largest IV spike — 403.8% change
2019-01-08: Highest IV Rank — 80.0%
2019-01-28: Largest Expected Move — 36.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.79	$24.68	$24.97	$24.85	$24.91
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	94.1%	9.3%	153.6%	121.3%	13.0%
Expected Move	24.1%	2.6%	36.2%	34.8%	2.6%
HV 20d	3.7%	3.1%	3.9%	3.1%	3.6%
HV 60d	3.1%	2.7%	3.1%	2.7%	2.9%
IV Rank	47.3%	0.7%	80.0%	62.3%	2.8%
IV Percentile	56.6%	0.8%	95.6%	83.7%	1.6%
Term Structure	-28.5%	-102.6%	22.2%	-49.0%	0.9%
VWIV	108.6%	108.6%	108.6%	108.6%	108.6%
Skew 25d	1.8%	-105.1%	33.0%	33.0%	2.7%
Skew 10d	1.7%	-105.1%	33.0%	33.0%	0.5%
Call IV 25d	95.1%	8.1%	145.2%	132.1%	8.1%
Put IV 25d	96.9%	10.8%	165.2%	165.2%	10.8%
Bid-Ask Spread %	194.87	143.78	200.00	197.86	156.32
Gamma HHI	0.48	0.38	1.00	0.58	1.00
Net GEX	421	45	5.2K	45	5.2K
Net DEX	-7.7K	-26.0K	-2.5K	-2.5K	-23.5K
Net VEX	-28	-56	-18	-18	-35
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	0.857	0	15	1	0
Total OI	6.81	3	19	3	19

Daily Data (21 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
2019-01-02	$24.85	$0.00	121.3%	34.8%	3.1%	62.3%	0.0%	33.0%	-49.0%	45	-2.5K	-18	197.86	1	2	1
2019-01-03	$24.97	$0.00	65.0%	15.6%	3.1%	31.3%	0.0%	7.8%	22.2%	99	-4.0K	-24	200.00	1	3	1
2019-01-04	$24.85	$0.00	129.7%	21.5%	3.7%	66.9%	0.0%	13.8%	-37.3%	80	-3.8K	-25	200.00	1	3	1
2019-01-07	$24.80	$0.00	146.4%	22.3%	3.8%	76.0%	0.0%	5.7%	-18.9%	242	-4.6K	-21	200.00	0	3	1
2019-01-08	$24.77	$0.00	153.6%	22.6%	3.9%	80.0%	0.0%	5.3%	-19.6%	80	-3.8K	-25	200.00	0	3	1
2019-01-09	$24.77	$0.00	79.9%	22.9%	3.9%	39.5%	0.0%	5.4%	-20.2%	81	-3.8K	-25	200.00	0	3	1
2019-01-10	$24.73	$0.00	81.1%	23.3%	3.9%	40.2%	0.0%	4.8%	-20.9%	80	-3.8K	-25	200.00	0	3	1
2019-01-11	$24.78	$0.00	82.2%	23.6%	3.8%	40.8%	0.0%	5.6%	-21.5%	81	-3.8K	-24	200.00	0	3	1
2019-01-14	$24.78	$0.00	9.3%	2.7%	3.8%	0.7%	0.0%	1.7%	-2.2%	126	-4.0K	-23	143.78	0	3	1
2019-01-15	$24.76	$0.00	46.6%	13.4%	3.9%	21.2%	0.0%	-0.6%	-2.3%	125	-4.0K	-23	200.00	0	3	1
2019-01-16	$24.76	$0.00	88.8%	25.5%	3.8%	44.4%	0.0%	5.6%	-25.7%	80	-3.8K	-24	197.24	0	3	1
2019-01-17	$24.73	$0.00	90.3%	25.9%	3.8%	45.3%	0.0%	5.2%	-26.7%	81	-3.7K	-24	200.00	0	3	1
2019-01-18	$24.68	$0.00	92.0%	26.4%	3.7%	46.2%	0.0%	4.4%	-27.9%	80	-3.7K	-24	200.00	0	3	1
2019-01-22	$24.73	$0.00	99.3%	28.5%	3.7%	50.2%	0.0%	5.6%	-32.8%	81	-3.7K	-24	200.00	0	3	1
2019-01-23	$24.72	$0.00	101.4%	29.1%	3.7%	51.3%	0.0%	5.5%	-34.4%	80	-3.7K	-24	200.00	0	3	1
2019-01-24	$24.80	$0.00	103.6%	29.7%	3.8%	52.5%	0.0%	7.1%	-35.7%	81	-3.8K	-23	199.60	0	3	1
2019-01-25	$24.74	$0.00	106.1%	30.4%	3.7%	53.9%	108.6%	-105.1%	-102.6%	95	-3.8K	-23	200.00	15	3	1
2019-01-28	$24.76	$25.00	126.3%	36.2%	3.6%	65.0%	0.0%	7.9%	-48.5%	600	-23.9K	-56	199.66	0	18	1
2019-01-29	$24.80	$25.00	117.8%	33.8%	3.6%	60.3%	0.0%	7.9%	-46.5%	669	-23.8K	-55	200.00	0	18	1
2019-01-30	$24.84	$25.00	121.3%	34.8%	3.6%	62.3%	0.0%	9.0%	-49.1%	732	-26.0K	-46	197.86	0	18	1
2019-01-31	$24.91	$0.00	13.0%	2.6%	3.6%	2.8%	0.0%	2.7%	0.9%	5.2K	-23.5K	-35	156.32	0	18	1