GOVT Options History — November 2019

In November 2019, GOVT traded between $25.87 and $26.21. ATM implied volatility averaged 100.3%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 95.5% (HV 20d: 4.8%). Max pain ranged from $24.00 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

  • 2019-11-18: Highest Volume — 1 contracts
  • 2019-11-29: Largest IV spike — 103.5% change
  • 2019-11-08: Highest IV Rank — 92.4%
  • 2019-11-01: Largest Expected Move — 35.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.07$25.87$26.21$26.20$26.16
Max Pain$24.95$24.00$27.00$27.00$26.00
ATM IV100.3%47.9%176.0%123.5%100.8%
Expected Move22.6%13.7%35.4%35.4%28.9%
HV 20d4.8%4.1%5.1%4.8%4.1%
HV 60d5.1%4.8%5.4%5.3%4.8%
IV Rank52.2%23.5%92.4%63.7%53.6%
IV Percentile49.4%6.7%98.8%83.3%64.3%
Term Structure-31.4%-56.4%-22.1%-56.4%-34.2%
VWIV84.5%84.5%84.5%84.5%84.5%
Skew 25d14.3%-80.5%25.6%16.6%25.6%
Skew 10d14.3%-80.5%25.6%16.6%25.6%
Call IV 25d94.8%77.6%139.6%139.6%114.2%
Put IV 25d109.1%14.0%156.1%156.1%139.8%
Bid-Ask Spread %197.23196.02200.00200.00196.77
Gamma HHI0.910.791.000.880.93
Net GEX8815801.4K1.2K580
Net DEX-22.4K-31.6K-17.5K-31.6K-20.1K
Net VEX-68-89-58-89-58
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10100
Total OI22.2516262618

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$26.20$27.00123.5%35.4%4.8%63.7%0.0%16.6%-56.4%1.2K-31.6K-890.00200.0000251
2019-11-04$26.11$24.00139.8%19.6%4.8%72.6%0.0%17.1%-28.6%1.2K-31.0K-850.00196.7700251
2019-11-05$25.99$24.00147.0%19.9%4.9%76.5%0.0%15.7%-29.7%1.2K-30.0K-830.00197.7000251
2019-11-06$26.05$24.00154.8%20.1%5.0%80.8%0.0%16.7%-30.1%1.2K-30.3K-820.00197.2200251
2019-11-07$25.90$24.00164.6%20.4%5.1%86.1%0.0%14.9%-31.3%1.2K-29.4K-800.00198.2100251
2019-11-08$25.87$24.00176.0%20.6%4.8%92.4%0.0%14.7%-32.1%1.3K-28.9K-780.00197.7000251
2019-11-11$25.88$24.0074.6%21.4%4.7%37.0%0.0%15.3%-34.4%1.4K-18.9K-640.00198.2100251
2019-11-12$25.91$24.0075.6%21.7%4.6%39.2%0.0%15.9%-35.1%1.2K-18.6K-630.00198.2100251
2019-11-13$25.96$24.0076.5%21.9%4.6%39.8%0.0%16.8%-35.7%927-18.5K-620.00197.2200251
2019-11-14$26.05$24.0077.5%22.2%4.8%40.3%0.0%18.3%-36.2%670-18.6K-610.00197.7000251
2019-11-15$26.05$24.0078.5%22.5%4.8%40.9%0.0%18.6%-37.2%605-18.6K-600.00197.2200251
2019-11-18$26.07$24.0082.8%23.8%4.7%43.4%84.5%19.7%-22.1%597-18.7K-580.00197.1301151
2019-11-19$26.12$26.0084.2%24.1%4.8%44.1%0.0%-80.5%-22.7%591-17.5K-600.00196.1210152
2019-11-20$26.20$26.0084.5%24.2%4.9%44.3%0.0%22.3%-23.3%670-19.4K-670.00196.4800162
2019-11-21$26.14$26.0087.1%25.0%5.0%45.8%0.0%21.7%-24.4%587-19.7K-660.00196.4400162
2019-11-22$26.15$26.0087.6%25.1%5.0%46.1%0.0%22.2%-25.3%603-19.6K-650.00196.7700162
2019-11-25$26.16$26.0093.8%26.9%4.8%49.6%0.0%23.6%-28.6%587-19.7K-620.00196.1200162
2019-11-26$26.21$26.0047.9%13.7%4.9%23.5%0.0%25.0%-29.7%678-19.4K-620.00196.0200162
2019-11-27$26.18$26.0049.5%14.2%4.8%24.4%0.0%25.0%-31.2%683-19.3K-600.00196.4800162
2019-11-29$26.16$26.00100.8%28.9%4.1%53.6%0.0%25.6%-34.2%580-20.1K-580.00196.7700162