GOVT Options History — October 2019

In October 2019, GOVT traded between $26.04 and $26.55. ATM implied volatility averaged 86.9%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 81.9% (HV 20d: 5.0%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2019-10-24: Highest Volume — 24 contracts
2019-10-24: Largest IV spike — 1137.3% change
2019-10-09: Highest IV Rank — 72.4%
2019-10-09: Largest Expected Move — 40.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.25	$26.04	$26.55	$26.34	$26.30
Max Pain	$27.00	$27.00	$27.00	$27.00	$27.00
ATM IV	86.9%	7.8%	139.5%	111.9%	65.2%
Expected Move	23.5%	2.2%	40.0%	32.1%	18.7%
HV 20d	5.0%	4.2%	5.8%	5.8%	4.7%
HV 60d	5.2%	5.0%	5.4%	5.0%	5.3%
IV Rank	43.7%	0.6%	72.4%	57.4%	31.9%
IV Percentile	43.2%	0.4%	90.5%	73.4%	14.3%
Term Structure	-28.1%	-74.5%	55.5%	-41.8%	55.5%
VWIV	11.0%	11.0%	11.0%	11.0%	11.0%
Skew 25d	12.7%	1.6%	21.0%	18.0%	18.2%
Skew 10d	12.7%	2.6%	21.0%	18.0%	18.2%
Call IV 25d	97.3%	9.3%	145.7%	125.1%	133.5%
Put IV 25d	110.0%	11.0%	166.7%	143.1%	151.7%
Bid-Ask Spread %	194.44	135.63	200.00	200.00	200.00
Gamma HHI	0.69	0.38	0.93	0.70	0.88
Net GEX	645	89	1.6K	390	1.2K
Net DEX	-12.5K	-31.8K	-3.2K	-11.3K	-31.8K
Net VEX	-40	-98	-16	-35	-91
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.043	0	24	0	0
Total OI	12.435	4	26	10	26

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Call OI	Put OI
2019-10-01	$26.34	$27.00	111.9%	32.1%	5.8%	57.4%	0.0%	18.0%	-41.8%	390	-11.3K	-35	200.00	0	9	1
2019-10-02	$26.39	$27.00	115.2%	33.0%	5.8%	59.2%	0.0%	19.6%	-44.1%	392	-11.4K	-34	200.00	0	9	1
2019-10-03	$26.52	$0.00	66.6%	19.7%	5.7%	32.6%	0.0%	14.0%	-18.6%	409	-11.6K	-34	200.00	0	9	1
2019-10-04	$26.55	$0.00	120.4%	19.9%	5.7%	62.0%	0.0%	14.5%	-19.1%	361	-11.9K	-33	200.00	0	9	1
2019-10-07	$26.47	$0.00	138.7%	21.1%	5.5%	72.0%	0.0%	14.0%	-19.3%	428	-11.5K	-32	200.00	0	9	1
2019-10-08	$26.52	$0.00	71.7%	21.0%	5.0%	35.4%	0.0%	14.8%	-74.5%	434	-11.6K	-31	200.00	0	9	1
2019-10-09	$26.45	$0.00	139.5%	40.0%	5.1%	72.4%	0.0%	21.0%	-50.2%	1.6K	-8.2K	-29	200.00	0	9	1
2019-10-10	$26.32	$0.00	76.9%	22.1%	5.3%	38.3%	0.0%	12.4%	-21.5%	428	-11.1K	-30	200.00	0	9	1
2019-10-11	$26.18	$0.00	78.3%	22.4%	5.1%	39.0%	0.0%	10.6%	-22.6%	423	-10.8K	-29	200.00	0	9	1
2019-10-14	$26.24	$0.00	81.7%	23.4%	5.1%	40.9%	0.0%	11.9%	-24.7%	1.4K	-5.4K	-23	200.00	0	9	1
2019-10-15	$26.14	$0.00	83.2%	23.9%	5.3%	41.7%	0.0%	10.6%	-25.9%	788	-3.9K	-21	200.00	0	9	1
2019-10-16	$26.18	$0.00	84.5%	24.2%	5.3%	42.4%	0.0%	11.3%	-26.7%	643	-3.7K	-20	200.00	0	9	1
2019-10-17	$26.18	$0.00	86.0%	24.6%	5.3%	43.2%	0.0%	11.5%	-27.7%	193	-3.3K	-19	200.00	0	9	1
2019-10-18	$26.19	$0.00	87.5%	25.1%	5.1%	44.0%	0.0%	11.9%	-28.7%	89	-3.3K	-19	200.00	0	9	1
2019-10-21	$26.12	$0.00	92.7%	26.6%	5.1%	46.9%	0.0%	11.3%	-32.5%	90	-3.3K	-19	200.00	0	3	1
2019-10-22	$26.15	$0.00	7.8%	2.2%	4.8%	0.6%	0.0%	1.6%	-2.7%	327	-3.2K	-17	136.43	0	3	1
2019-10-23	$26.16	$0.00	8.0%	2.3%	4.3%	0.7%	0.0%	1.7%	-2.7%	337	-3.2K	-16	135.63	0	3	1
2019-10-24	$26.14	$0.00	98.7%	28.3%	4.2%	50.2%	11.0%	12.4%	-36.9%	92	-3.3K	-19	200.00	24	3	1
2019-10-25	$26.11	$27.00	101.1%	29.0%	4.2%	51.5%	0.0%	12.1%	-38.8%	1.2K	-31.1K	-98	200.00	0	25	1
2019-10-28	$26.04	$27.00	55.7%	16.0%	4.3%	26.7%	0.0%	11.6%	-45.5%	1.3K	-29.9K	-94	200.00	0	25	1
2019-10-29	$26.04	$27.00	112.5%	32.3%	4.2%	57.7%	0.0%	11.9%	-48.1%	1.1K	-30.8K	-93	200.00	0	25	1
2019-10-30	$26.13	$27.00	115.8%	33.2%	4.4%	59.5%	0.0%	14.1%	-50.3%	1.1K	-31.3K	-92	200.00	0	25	1
2019-10-31	$26.30	$27.00	65.2%	18.7%	4.7%	31.9%	0.0%	18.2%	55.5%	1.2K	-31.8K	-91	200.00	0	25	1