GOVT Options History — July 2019

In July 2019, GOVT traded between $25.62 and $25.86. ATM implied volatility averaged 89.5%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 23.2%. IV traded above realized volatility by 85.7% (HV 20d: 3.8%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 1 of 22 days.

Notable Days

  • 2019-07-26: Largest IV spike — 962.4% change
  • 2019-07-09: Highest IV Rank — 76.9%
  • 2019-07-03: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.71$25.62$25.86$25.73$25.76
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV89.5%9.2%147.7%110.1%20.1%
Expected Move23.2%2.6%33.3%31.6%5.8%
HV 20d3.8%3.4%4.2%3.5%3.4%
HV 60d3.5%3.3%3.6%3.3%3.5%
IV Rank45.2%1.3%76.9%56.4%7.3%
IV Percentile47.4%0.8%91.7%72.6%4.4%
Term Structure-26.3%-50.1%54.4%-42.5%-11.6%
Skew 25d7.0%-0.1%31.2%26.9%-0.1%
Skew 10d7.0%-1.4%31.2%26.8%1.0%
Call IV 25d94.0%9.9%132.9%121.3%32.1%
Put IV 25d101.0%11.7%157.6%148.2%32.0%
Bid-Ask Spread %191.60130.50200.00195.10134.13
Gamma HHI1.001.001.001.001.00
Net GEX1060685410
Net DEX-680-1.4K0-1.4K0
Net VEX-1-20-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.6360110

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$25.73$26.00110.1%31.6%3.5%56.4%0.0%26.9%-42.5%41-1.4K-20.00195.100010
2019-07-02$25.80$26.00113.2%32.4%3.4%58.1%0.0%29.1%-44.6%42-1.4K-20.00198.520010
2019-07-03$25.86$26.00116.1%33.3%3.5%59.6%0.0%31.2%-46.7%42-1.4K-20.00197.860010
2019-07-05$25.71$0.00124.9%20.7%4.1%64.4%0.0%3.8%-19.5%42-1.4K-20.00200.000010
2019-07-08$25.71$0.00140.8%21.5%4.0%73.2%0.0%3.9%-21.2%42-1.4K-20.00200.000010
2019-07-09$25.70$0.00147.7%21.7%3.8%76.9%0.0%3.8%-21.9%42-1.4K-20.00200.000010
2019-07-10$25.70$0.0076.9%22.0%3.8%38.3%0.0%3.8%-22.6%42-1.4K-20.00196.670010
2019-07-11$25.62$0.0078.0%22.4%3.9%38.9%0.0%2.7%-23.5%42-1.3K-20.00200.000010
2019-07-12$25.62$0.0079.1%22.7%3.8%39.5%0.0%2.7%-24.2%42-1.3K-10.00199.230010
2019-07-15$25.66$0.0082.7%23.7%3.9%41.4%0.0%3.4%-26.6%374-765-10.00200.000010
2019-07-16$25.62$0.0084.1%24.1%3.9%42.2%0.0%2.8%-27.6%395-608-10.00200.000010
2019-07-17$25.71$0.0085.3%24.5%4.1%42.9%0.0%4.2%-28.3%499-652-10.00200.000010
2019-07-18$25.78$0.0086.7%24.9%4.1%43.6%0.0%5.4%-29.1%685-60700.00200.000010
2019-07-19$25.73$0.0088.3%25.3%4.2%44.5%0.0%4.6%-30.4%0000.00198.520010
2019-07-22$25.73$0.0093.4%26.8%4.0%47.3%0.0%4.9%-34.2%0000.00199.230000
2019-07-23$25.70$0.009.2%2.6%3.8%1.3%0.0%0.6%54.4%0000.00181.260000
2019-07-24$25.72$0.0097.4%27.9%3.8%49.5%0.0%4.8%-37.2%0000.00189.410000
2019-07-25$25.69$0.009.6%2.8%3.7%1.6%0.0%1.7%-3.4%0000.00130.500000
2019-07-26$25.70$0.00102.0%29.2%3.6%52.0%0.0%4.6%-40.9%0000.00200.000000
2019-07-29$25.70$0.00110.1%31.6%3.6%56.4%0.0%4.9%-47.5%0000.00200.000000
2019-07-30$25.71$0.00113.3%32.5%3.4%58.1%0.0%5.2%-50.1%0000.00194.710000
2019-07-31$25.76$0.0020.1%5.8%3.4%7.3%0.0%-0.1%-11.6%0000.00134.130000