GOVT Options History — March 2019

In March 2019, GOVT traded between $24.68 and $25.26. ATM implied volatility averaged 101.0%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 21.9%. IV traded above realized volatility by 97.8% (HV 20d: 3.2%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2019-03-05: Highest Volume — 16 contracts
  • 2019-03-12: Largest IV drop — 35.3% change
  • 2019-03-08: Highest IV Rank — 70.7%
  • 2019-03-08: Largest Expected Move — 39.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.96$24.68$25.26$24.68$25.21
Max Pain$22.75$22.00$24.00$24.00$22.00
ATM IV101.0%79.8%137.0%97.2%107.7%
Expected Move21.9%13.8%39.3%27.9%19.7%
HV 20d3.2%2.9%3.5%3.2%2.9%
HV 60d3.3%3.3%3.5%3.4%3.4%
IV Rank50.8%39.1%70.7%48.7%54.5%
IV Percentile57.0%22.2%91.7%56.3%71.0%
Term Structure-28.8%-38.2%3.8%3.8%-38.2%
VWIV76.4%15.0%190.2%15.0%190.2%
Skew 25d9.2%4.5%16.1%5.7%15.4%
Skew 10d9.2%4.5%16.1%5.7%15.4%
Call IV 25d102.0%84.5%152.7%152.7%121.3%
Put IV 25d111.1%89.1%158.5%158.5%136.7%
Bid-Ask Spread %196.34168.72200.00198.49199.23
Gamma HHI0.540.400.900.400.41
Net GEX-375-2.5K522155167
Net DEX-3.6K-8.3K9.3K-6.4K-6.9K
Net VEX-33-55-23-31-27
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume3.04801600
Total OI12.09562266

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$24.68$0.0097.2%27.9%3.2%48.7%0.0%5.7%3.8%155-6.4K-310.00198.490051
2019-03-04$24.73$0.00109.5%31.4%3.0%55.5%0.0%4.5%-26.1%155-6.4K-310.00189.240051
2019-03-05$24.73$0.00114.9%32.9%3.0%58.5%15.0%4.6%-26.7%155-6.4K-310.00185.4001651
2019-03-06$24.79$24.00121.0%34.7%3.1%61.9%24.0%5.4%-27.0%-6039.3K-550.00200.00016517
2019-03-07$24.86$24.00128.2%36.8%3.2%65.8%190.2%6.4%-28.4%-5129.1K-530.00198.52016517
2019-03-08$24.88$24.00137.0%39.3%3.1%70.7%0.0%6.7%-29.0%-5579.0K-520.00200.00016517
2019-03-11$24.86$22.00123.3%13.8%3.1%63.2%0.0%6.6%-31.4%-2.5K89-400.00196.8400517
2019-03-12$24.91$22.0079.8%13.9%3.2%39.1%0.0%7.4%-32.0%-2.4K-1.3K-380.00196.8400517
2019-03-13$24.90$22.0080.9%13.9%3.1%39.7%0.0%7.4%-32.9%-2.3K-2.4K-350.00196.2700517
2019-03-14$24.87$22.0082.0%14.0%3.1%40.4%0.0%7.0%-34.0%-1.8K-4.2K-320.00168.7200517
2019-03-15$24.91$22.0083.2%14.1%3.0%41.0%0.0%7.7%-34.8%156-6.6K-290.00193.4900517
2019-03-18$24.90$0.0087.1%18.0%3.0%43.2%0.0%7.8%-24.9%157-6.6K-290.00200.000051
2019-03-19$24.89$0.0088.6%18.1%3.0%44.0%0.0%7.8%-25.8%159-6.6K-290.00200.000051
2019-03-20$24.99$0.0089.9%18.2%3.3%44.7%0.0%9.5%-26.5%158-6.7K-290.00200.000051
2019-03-21$25.01$0.0091.5%18.4%3.2%45.6%0.0%10.0%-27.5%158-6.7K-280.00200.000051
2019-03-22$25.14$0.0092.9%18.5%3.5%46.3%0.0%12.3%-28.1%166-6.8K-280.00200.000051
2019-03-25$25.19$0.0098.4%19.0%3.5%49.4%0.0%13.9%-31.7%165-6.9K-280.00200.000051
2019-03-26$25.20$0.00100.5%19.2%3.5%50.5%0.0%14.3%-33.1%332-7.5K-260.00200.000051
2019-03-27$25.26$0.00102.6%19.3%3.3%51.7%0.0%15.7%-34.4%522-8.3K-230.00200.000051
2019-03-28$25.26$0.00105.0%19.5%3.2%53.0%0.0%16.1%-36.1%169-7.0K-270.00200.000051
2019-03-29$25.21$0.00107.7%19.7%2.9%54.5%0.0%15.4%-38.2%167-6.9K-270.00199.230051