GOVT Options History — August 2019

In August 2019, GOVT traded between $25.93 and $26.63. ATM implied volatility averaged 81.9%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded above realized volatility by 77.2% (HV 20d: 4.6%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.15.

Notable Days

2019-08-14: Highest Volume — 6 contracts
2019-08-08: Largest IV spike — 889.4% change
2019-08-08: Highest IV Rank — 85.5%
2019-08-02: Largest Expected Move — 35.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.38	$25.93	$26.63	$25.93	$26.61
Max Pain	$26.00	$26.00	$26.00	$26.00	$26.00
ATM IV	81.9%	16.5%	163.5%	120.2%	98.3%
Expected Move	20.5%	2.2%	35.6%	34.5%	28.2%
HV 20d	4.6%	3.4%	5.6%	4.0%	5.4%
HV 60d	4.1%	3.7%	4.5%	3.7%	4.3%
IV Rank	41.0%	5.3%	85.5%	61.9%	49.9%
IV Percentile	38.5%	3.6%	97.2%	77.4%	57.5%
Term Structure	-27.4%	-94.4%	54.5%	-54.9%	-35.4%
VWIV	61.1%	5.2%	124.5%	124.5%	5.2%
Skew 25d	13.4%	-30.0%	63.1%	10.3%	26.3%
Skew 10d	23.0%	2.4%	33.8%	10.3%	33.8%
Call IV 25d	79.9%	4.9%	142.9%	138.6%	109.5%
Put IV 25d	93.3%	9.5%	154.4%	148.9%	135.7%
Bid-Ask Spread %	183.19	149.34	200.00	194.71	181.55
Gamma HHI	0.66	0.40	1.00	1.00	0.41
Net GEX	300	0	712	0	278
Net DEX	-7.0K	-12.5K	0	0	-10.6K
Net VEX	-30	-45	0	0	-44
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.15	0.00	1.50	0.00	0.00
Total Volume	1.136	0	6	1	1
Total OI	7.864	0	15	0	12

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-08-01	$25.93	$0.00	120.2%	34.5%	4.0%	61.9%	0.0%	10.3%	-54.9%	0	0	0	0.00	194.71	1	0	0	0
2019-08-02	$25.97	$0.00	124.3%	35.6%	3.4%	64.2%	124.5%	11.6%	-58.2%	41	-1.5K	-8	0.00	200.00	1	0	1	0
2019-08-05	$26.15	$0.00	139.7%	19.6%	4.1%	72.5%	0.0%	5.6%	-65.0%	141	-2.9K	-10	0.00	176.78	1	0	2	0
2019-08-06	$26.21	$0.00	146.3%	19.8%	4.1%	76.1%	0.0%	23.7%	-28.9%	86	-3.0K	-10	0.00	192.82	0	0	2	0
2019-08-07	$26.22	$0.00	16.5%	2.2%	4.1%	5.3%	0.0%	-1.3%	-1.6%	484	-3.3K	-9	0.00	149.34	0	0	2	0
2019-08-08	$26.21	$0.00	163.5%	20.2%	3.8%	85.5%	0.0%	24.2%	-30.2%	86	-3.0K	-10	0.00	196.13	1	0	2	0
2019-08-09	$26.20	$0.00	18.8%	11.0%	3.8%	6.6%	69.6%	6.6%	-64.9%	310	-4.2K	-18	0.00	186.07	5	0	3	0
2019-08-12	$26.35	$26.00	73.9%	21.2%	4.1%	36.6%	0.0%	27.3%	-32.5%	560	-10.6K	-29	0.00	174.64	1	0	7	0
2019-08-13	$26.30	$26.00	76.2%	21.9%	4.2%	37.9%	0.0%	26.9%	-33.5%	661	-12.0K	-35	0.00	182.34	0	0	8	0
2019-08-14	$26.45	$26.00	29.8%	8.6%	4.4%	12.6%	53.5%	-6.0%	27.4%	712	-12.5K	-34	0.00	186.19	0	6	8	0
2019-08-15	$26.57	$26.00	75.1%	21.5%	4.5%	37.3%	56.2%	-30.0%	-36.9%	486	-2.1K	-43	1.50	191.36	2	3	8	6
2019-08-16	$26.54	$26.00	76.2%	21.8%	4.4%	37.9%	57.4%	-22.2%	-38.0%	283	-4.8K	-44	0.00	191.35	1	0	9	6
2019-08-19	$26.41	$26.00	46.6%	13.4%	5.0%	21.7%	0.0%	-22.6%	-21.1%	229	-9.3K	-44	0.00	183.88	0	0	8	3
2019-08-20	$26.51	$26.00	81.0%	23.2%	5.0%	40.5%	0.0%	22.7%	-23.5%	214	-9.5K	-44	0.00	176.76	0	0	8	3
2019-08-21	$26.45	$26.00	48.0%	13.8%	5.1%	22.5%	0.0%	22.0%	-22.6%	214	-9.4K	-43	0.00	187.71	0	0	8	3
2019-08-22	$26.38	$26.00	49.0%	14.0%	5.3%	23.0%	0.0%	22.9%	49.6%	213	-9.2K	-43	0.00	174.84	0	0	8	3
2019-08-23	$26.54	$26.00	44.8%	12.9%	5.5%	20.8%	0.0%	63.1%	54.5%	462	-11.1K	-39	0.00	190.34	0	0	8	3
2019-08-26	$26.52	$26.00	90.2%	25.9%	5.5%	45.5%	0.0%	22.5%	-29.7%	210	-7.6K	-38	0.00	177.43	0	0	7	3
2019-08-27	$26.62	$26.00	91.9%	26.3%	5.6%	46.5%	0.0%	26.4%	-30.7%	174	-7.8K	-38	0.00	173.73	0	0	7	3
2019-08-28	$26.63	$26.00	94.8%	27.2%	5.6%	48.1%	0.0%	9.3%	-94.4%	484	-8.5K	-36	0.00	175.33	2	0	7	3
2019-08-29	$26.60	$26.00	96.0%	27.5%	5.4%	48.7%	0.0%	25.4%	-31.7%	274	-10.6K	-45	0.00	186.96	0	0	9	3
2019-08-30	$26.61	$26.00	98.3%	28.2%	5.4%	49.9%	5.2%	26.3%	-35.4%	278	-10.6K	-44	0.00	181.55	1	0	9	3