GOVT Options History — May 2019

In May 2019, GOVT traded between $25.02 and $25.65. ATM implied volatility averaged 85.6%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 82.5% (HV 20d: 3.1%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2019-05-24: Highest Volume — 2 contracts
  • 2019-05-07: Largest IV spike — 1320.0% change
  • 2019-05-10: Highest IV Rank — 95.7%
  • 2019-05-03: Largest Expected Move — 37.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.24$25.02$25.65$25.05$25.65
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV85.6%6.7%182.2%120.9%52.2%
Expected Move18.1%1.5%37.1%34.7%15.0%
HV 20d3.1%2.9%3.3%3.0%3.3%
HV 60d3.3%3.2%3.4%3.3%3.4%
IV Rank42.8%0.0%95.7%61.8%24.8%
IV Percentile39.8%0.0%99.2%76.6%8.7%
Term Structure-4.0%-125.2%63.1%-53.1%63.1%
VWIV6.0%5.5%6.5%5.5%6.5%
Skew 25d32.8%-58.1%132.1%13.6%132.1%
Skew 10d34.9%-48.9%144.2%13.6%144.2%
Call IV 25d69.5%5.5%147.5%137.8%5.7%
Put IV 25d102.3%8.3%161.8%151.4%137.8%
Bid-Ask Spread %184.85108.23200.00200.00194.12
Gamma HHI0.400.280.850.370.28
Net GEX275120874120264
Net DEX-6.4K-9.5K-5.3K-5.3K-8.6K
Net VEX-14-18-6-18-16
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2730210
Total OI5.3645757

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$25.05$0.00120.9%34.7%3.0%61.8%0.0%13.6%-53.1%120-5.3K-180.00200.001041
2019-05-02$25.02$0.00124.9%35.8%2.9%64.0%0.0%13.4%-108.1%137-5.3K-170.00200.001041
2019-05-03$25.04$0.00129.2%37.1%2.9%66.4%0.0%14.2%-125.2%146-5.3K-170.00200.001041
2019-05-06$25.07$22.0010.7%1.5%2.9%1.0%0.0%-58.1%37.8%740-7.2K-110.00136.370041
2019-05-07$25.14$22.00152.5%12.9%3.1%79.3%0.0%22.5%23.7%140-5.4K-160.00196.130041
2019-05-08$25.10$22.00160.9%13.0%3.1%83.9%0.0%22.6%23.6%140-5.3K-160.00195.630041
2019-05-09$25.14$22.00170.5%12.6%3.1%89.2%0.0%22.7%27.3%141-5.4K-160.00195.150041
2019-05-10$25.14$22.00182.2%16.0%3.0%95.7%0.0%24.5%5.1%132-5.4K-160.00195.630041
2019-05-13$25.23$22.0018.5%2.3%2.9%5.2%0.0%1.9%-6.2%747-8.0K-80.00136.130041
2019-05-14$25.20$22.006.7%1.9%3.0%0.0%5.5%0.0%-1.0%874-8.4K-60.00108.231041
2019-05-15$25.27$22.0059.2%17.0%3.0%28.6%0.0%28.3%4.0%133-5.5K-150.00195.150041
2019-05-16$25.23$22.0050.0%14.3%3.1%23.6%0.0%25.7%23.5%141-5.5K-150.00195.630041
2019-05-17$25.24$22.0081.4%23.3%3.0%40.7%0.0%-15.7%-37.9%128-5.4K-140.00195.630041
2019-05-20$25.21$22.0054.4%15.6%3.0%26.0%0.0%-24.2%39.0%150-5.5K-140.00194.290041
2019-05-21$25.20$22.0064.7%18.6%3.0%31.6%0.0%28.9%20.2%132-5.4K-140.00195.630041
2019-05-22$25.24$22.0087.9%25.2%2.9%44.3%0.0%30.9%-24.2%122-5.4K-140.00196.130041
2019-05-23$25.37$22.0089.1%25.5%3.3%44.9%0.0%32.8%-24.7%122-5.5K-130.00194.710041
2019-05-24$25.37$22.0090.7%26.0%3.3%45.8%6.5%115.0%-25.7%156-5.7K-130.00194.122041
2019-05-28$25.44$22.0073.2%21.0%3.2%36.2%0.0%122.0%19.2%278-8.3K-170.00194.120061
2019-05-29$25.45$22.0052.4%15.0%3.2%24.9%0.0%7.3%-31.4%854-9.5K-130.00161.920061
2019-05-30$25.51$22.0050.9%14.6%3.0%24.1%0.0%129.4%62.6%259-8.4K-160.00192.020061
2019-05-31$25.65$22.0052.2%15.0%3.3%24.8%0.0%132.1%63.1%264-8.6K-160.00194.120061