GOVT Options History — August 2020

In August 2020, GOVT traded between $27.85 and $28.29. ATM implied volatility averaged 40.4%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 37.4% (HV 20d: 3.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-08-14: Highest Volume — 121 contracts
  • 2020-08-11: Largest IV spike — 323.7% change
  • 2020-08-11: Highest IV Rank — 54.6%
  • 2020-08-05: Largest Expected Move — 26.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.04$27.85$28.29$28.21$27.89
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV40.4%9.5%97.6%80.7%9.5%
Expected Move9.3%2.7%26.4%23.1%2.7%
HV 20d3.0%2.5%3.2%2.8%3.1%
HV 60d3.6%3.2%3.8%3.8%3.2%
IV Rank21.5%3.6%54.6%44.8%3.6%
IV Percentile38.7%16.7%84.9%67.1%16.7%
Term Structure-4.0%-79.6%47.9%-29.2%47.9%
VWIV21.9%7.0%37.9%7.0%26.1%
Skew 25d-10.1%-54.3%64.3%8.1%64.3%
Skew 10d12.5%-18.3%63.6%15.6%-9.6%
Call IV 25d60.7%11.0%111.7%101.5%11.0%
Put IV 25d50.6%14.4%122.8%109.6%75.4%
Bid-Ask Spread %160.77148.93195.26192.85155.17
Gamma HHI0.380.290.530.460.32
Net GEX6.1K-13.3K16.3K3.2K16.3K
Net DEX-82.3K-162.7K-18.6K-18.6K-68.7K
Net VEX-722-938-601-619-602
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.619012110
Total OI196.524148272148216

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$28.21$28.0080.7%23.1%2.8%44.8%0.0%8.1%-29.2%3.2K-18.6K-6190.00192.85109058
2020-08-04$28.29$28.0090.2%25.9%2.7%50.3%7.0%12.1%-32.0%2.0K-51.4K-6900.00192.70309058
2020-08-05$28.23$28.0092.0%26.4%2.8%51.4%0.0%11.1%-79.6%3.5K-19.9K-6010.00195.26009258
2020-08-06$28.26$28.0078.3%9.3%2.5%43.4%10.6%22.4%-23.4%2.3K-40.3K-6400.00154.90109258
2020-08-07$28.20$28.0077.1%8.6%2.5%42.8%0.0%-49.1%-14.8%2.6K-44.9K-6730.00152.15009358
2020-08-10$28.18$28.0023.0%2.7%2.5%11.5%0.0%-9.1%1.4%4.4K-26.4K-6300.00148.93009358
2020-08-11$28.07$28.0097.6%9.8%2.9%54.6%0.0%-30.8%-39.7%2.4K-41.0K-6410.00156.61009358
2020-08-12$27.99$28.0035.0%10.0%3.0%18.4%0.0%-28.2%-25.4%3.4K-30.3K-6280.00158.91009358
2020-08-13$27.93$28.0035.2%10.1%3.1%18.5%0.0%-13.1%-24.9%2.0K-42.3K-6260.00156.17109358
2020-08-14$27.91$28.0025.3%7.3%3.1%12.8%37.9%-13.9%5.8%2.2K-41.2K-6260.00156.0212109458
2020-08-17$27.94$28.0019.3%5.5%3.1%9.3%0.0%-24.5%-16.1%13.8K-148.6K-9030.00154.340021258
2020-08-18$27.98$28.0037.5%10.7%3.1%19.8%0.0%-31.3%-29.7%12.0K-162.7K-9100.00155.162021258
2020-08-19$27.95$28.0038.1%10.9%3.1%20.2%0.0%-19.4%-30.0%4.2K-158.5K-9380.00157.950121458
2020-08-20$28.03$28.0018.6%5.3%3.2%8.9%28.0%-0.2%34.4%6.8K-139.8K-9020.00154.1660021458
2020-08-21$28.05$28.0013.3%3.8%3.2%5.8%0.0%-26.4%14.4%-13.3K-124.6K-8110.00154.770019458
2020-08-24$28.04$28.0014.1%4.0%3.2%6.3%0.0%-46.7%33.2%12.1K-132.7K-8050.00160.540016648
2020-08-25$27.97$28.0014.8%4.3%3.2%6.7%0.0%-54.3%25.9%12.2K-99.0K-7060.00158.152016648
2020-08-26$27.95$28.0015.1%4.3%3.2%6.9%26.1%10.5%33.2%12.6K-96.8K-6920.00154.121016648
2020-08-27$27.85$28.0016.4%4.7%3.1%7.6%0.0%1.6%31.8%11.6K-120.5K-7610.00155.068016748
2020-08-28$27.86$28.0016.3%4.7%3.2%7.6%0.0%4.9%32.7%11.8K-119.5K-7490.00152.280116748
2020-08-31$27.89$28.009.5%2.7%3.1%3.6%0.0%64.3%47.9%16.3K-68.7K-6020.00155.170016749