GOVT Options History — September 2019

In September 2019, GOVT traded between $25.94 and $26.62. ATM implied volatility averaged 86.0%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded above realized volatility by 80.4% (HV 20d: 5.6%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2019-09-20: Highest Volume — 7 contracts
  • 2019-09-26: Largest IV spike — 89.7% change
  • 2019-09-04: Highest IV Rank — 57.7%
  • 2019-09-04: Largest Expected Move — 32.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.26$25.94$26.62$26.61$26.31
Max Pain$26.55$26.00$27.00$26.00$27.00
ATM IV86.0%51.9%112.5%109.2%108.8%
Expected Move24.6%14.9%32.3%31.3%31.2%
HV 20d5.6%4.9%5.9%4.9%5.7%
HV 60d4.9%4.2%5.2%4.3%5.0%
IV Rank43.2%24.7%57.7%55.9%55.7%
IV Percentile39.2%7.9%72.2%70.2%70.2%
Term Structure-37.7%-101.1%-24.5%-77.8%-39.6%
Skew 25d16.5%7.3%64.8%29.8%17.0%
Skew 10d17.1%4.1%64.9%37.5%17.0%
Call IV 25d91.6%17.1%125.3%121.7%121.9%
Put IV 25d108.1%26.6%155.5%151.5%138.9%
Bid-Ask Spread %198.23172.04200.00172.04200.00
Gamma HHI0.560.420.760.420.71
Net GEX7533372.4K337405
Net DEX-14.8K-23.6K-10.4K-12.1K-11.2K
Net VEX-47-61-35-44-35
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.70720
Total OI15.110191310

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$26.61$26.00109.2%31.3%4.9%55.9%0.0%29.8%-77.8%337-12.1K-440.00172.0420103
2019-09-04$26.62$26.00112.5%32.3%4.9%57.7%0.0%30.1%-101.1%446-14.8K-510.00193.9530123
2019-09-05$26.45$26.0065.9%20.1%5.5%32.3%0.0%13.2%-24.5%574-18.6K-610.00200.0000153
2019-09-06$26.49$26.0067.9%20.3%5.5%33.4%0.0%13.9%-25.0%577-18.7K-600.00200.0000153
2019-09-09$26.36$26.0077.4%21.2%5.9%38.6%0.0%12.6%-27.3%574-18.2K-570.00200.0001153
2019-09-10$26.20$26.0083.3%21.5%5.9%41.7%0.0%10.6%-28.6%563-16.6K-600.00200.0000154
2019-09-11$26.18$26.0076.2%21.8%5.9%37.9%0.0%10.4%-29.5%460-15.3K-580.00200.0000144
2019-09-12$26.11$26.0077.3%22.2%5.5%38.5%0.0%64.8%-30.5%496-14.9K-570.00200.0000144
2019-09-13$25.94$26.0078.7%22.6%5.5%39.3%0.0%7.3%-32.0%548-13.9K-550.00200.0000144
2019-09-16$26.03$27.0082.2%23.6%5.8%41.2%0.0%8.9%-34.6%1.2K-13.6K-480.00200.0000134
2019-09-17$26.07$27.0083.4%23.9%5.6%41.8%0.0%9.6%-35.4%1.2K-14.3K-470.00200.0000134
2019-09-18$26.11$27.0084.7%24.3%5.5%42.5%0.0%10.4%-36.4%2.4K-16.6K-450.00200.0010134
2019-09-19$26.12$27.0086.1%24.7%5.5%43.3%0.0%10.7%-37.5%1.8K-18.2K-430.00200.0000144
2019-09-20$26.22$27.0087.5%25.1%5.6%44.0%0.0%12.4%-38.3%1.4K-23.6K-400.00200.0070144
2019-09-23$26.24$27.0092.5%26.5%5.1%46.8%0.0%13.4%-28.4%360-11.3K-380.00200.000091
2019-09-24$26.37$27.0094.1%27.0%5.5%47.7%0.0%15.9%-29.2%405-11.3K-380.00200.000091
2019-09-25$26.21$27.0051.9%14.9%5.6%24.7%0.0%9.5%-31.2%522-10.4K-370.00198.520091
2019-09-26$26.27$27.0098.5%28.2%5.7%50.1%0.0%14.8%-32.4%392-11.2K-370.00200.000091
2019-09-27$26.30$27.00100.8%28.9%5.7%51.3%0.0%15.6%-33.9%393-11.2K-370.00200.000091
2019-09-30$26.31$27.00108.8%31.2%5.7%55.7%0.0%17.0%-39.6%405-11.2K-350.00200.000091