GOVT Options History — February 2019

In February 2019, GOVT traded between $24.76 and $24.89. ATM implied volatility averaged 90.7%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 87.5% (HV 20d: 3.2%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2019-02-22: Highest Volume — 4 contracts
  • 2019-02-11: Largest IV spike — 823.6% change
  • 2019-02-05: Highest IV Rank — 80.0%
  • 2019-02-20: Largest Expected Move — 29.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.84$24.76$24.89$24.80$24.78
ATM IV90.7%9.3%153.6%123.2%93.8%
Expected Move23.1%2.7%29.0%21.5%26.9%
HV 20d3.2%3.0%3.5%3.5%3.2%
HV 60d3.2%3.1%3.3%3.1%3.3%
IV Rank45.4%0.7%80.0%63.3%46.8%
IV Percentile45.5%1.2%95.2%83.7%54.0%
Term Structure-29.3%-82.4%12.7%-51.6%5.9%
Skew 25d11.1%2.2%85.6%5.6%7.9%
Skew 10d6.5%-0.5%9.6%5.6%7.9%
Call IV 25d99.1%9.0%146.1%86.9%146.1%
Put IV 25d110.2%11.3%154.0%92.5%154.0%
Bid-Ask Spread %194.15145.36200.00200.00200.00
Gamma HHI0.620.380.980.730.40
Net GEX2.0K8011.2K682157
Net DEX-13.8K-24.5K-3.7K-23.8K-6.5K
Net VEX-32-52-15-52-31
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2110400
Total OI13.105419196

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$24.80$0.00123.2%21.5%3.5%63.3%0.0%5.6%-51.6%682-23.8K-520.00200.0000181
2019-02-04$24.76$0.00146.5%22.3%3.1%76.1%0.0%5.1%-37.6%668-23.7K-480.00200.0000181
2019-02-05$24.79$0.00153.6%22.6%3.1%80.0%0.0%5.6%-38.3%668-23.8K-470.00200.0000181
2019-02-06$24.80$0.0079.9%22.9%3.1%39.5%0.0%5.8%-39.2%666-23.8K-460.00197.8600181
2019-02-07$24.86$0.0080.9%23.2%3.2%40.1%0.0%6.8%-39.9%677-24.0K-440.00200.0000181
2019-02-08$24.89$0.009.3%2.7%3.1%0.7%0.0%2.2%9.3%751-24.5K-410.00148.3700181
2019-02-11$24.87$0.0085.8%24.6%3.1%42.8%0.0%7.2%-43.7%5.9K-19.8K-370.00200.0000181
2019-02-12$24.84$0.0087.2%25.0%3.1%43.5%0.0%6.8%-45.6%6.7K-18.4K-350.00200.0000181
2019-02-13$24.80$0.0088.7%25.4%3.2%44.4%0.0%6.3%-82.4%8.6K-17.8K-150.00200.0000181
2019-02-14$24.86$0.0090.1%25.8%3.3%45.1%0.0%7.3%-48.1%11.2K-16.0K-290.00200.0000181
2019-02-15$24.86$0.0091.7%26.3%3.2%46.0%0.0%7.4%-59.3%175-4.3K-200.00200.0000181
2019-02-19$24.88$0.0099.0%28.4%3.1%50.0%0.0%8.3%-35.9%80-3.7K-210.00200.000031
2019-02-20$24.88$0.00101.2%29.0%3.1%51.2%0.0%8.4%-37.5%81-3.8K-210.00200.000031
2019-02-21$24.81$0.0077.4%22.2%3.3%38.2%0.0%7.3%12.7%81-3.8K-210.00200.000031
2019-02-22$24.87$0.0079.2%22.7%3.2%39.1%0.0%8.6%12.3%90-3.8K-210.00200.004031
2019-02-25$24.85$0.0085.5%24.5%3.0%42.6%0.0%8.8%9.8%162-6.5K-320.00197.240051
2019-02-26$24.88$0.0088.0%25.2%3.0%43.6%0.0%9.6%8.9%158-6.6K-320.00200.000051
2019-02-27$24.81$0.0062.2%17.8%3.2%29.4%0.0%85.6%-56.7%1.5K-7.4K-160.00145.360051
2019-02-28$24.78$0.0093.8%26.9%3.2%46.8%0.0%7.9%5.9%157-6.5K-310.00200.000051