GOVT Options History — September 2020

In September 2020, GOVT traded between $27.89 and $28.05. ATM implied volatility averaged 40.0%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 36.7% (HV 20d: 3.3%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-09-04: Highest Volume — 250 contracts
  • 2020-09-09: Largest IV spike — 179.5% change
  • 2020-09-18: Highest IV Rank — 39.6%
  • 2020-09-18: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.97$27.89$28.05$27.95$27.95
Max Pain$28.55$28.00$29.00$28.00$28.00
ATM IV40.0%7.2%71.7%7.2%13.9%
Expected Move13.2%2.1%20.5%2.1%4.0%
HV 20d3.3%2.9%3.8%3.1%2.9%
HV 60d3.1%3.0%3.3%3.3%3.0%
IV Rank21.3%2.3%39.6%2.3%6.2%
IV Percentile39.4%7.1%62.3%7.1%22.6%
Term Structure2.8%-60.5%52.6%52.6%2.0%
VWIV12.1%4.7%25.0%25.0%6.7%
Skew 25d14.6%-0.4%85.7%85.7%3.6%
Skew 10d11.6%-42.3%70.7%10.0%2.8%
Call IV 25d61.4%7.1%99.8%7.1%22.1%
Put IV 25d76.1%25.7%111.8%92.7%25.7%
Bid-Ask Spread %192.43151.19200.00155.46160.67
Gamma HHI0.650.310.940.350.60
Net GEX40.6K5.7K131.2K18.3K13.7K
Net DEX-203.6K-444.0K-89.8K-95.2K-158.3K
Net VEX-1.3K-2.3K-605-666-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume24.476025010
Total OI281.238190457216194

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$27.95$28.007.2%2.1%3.1%2.3%0.0%85.7%52.6%18.3K-95.2K-6660.00155.461016749
2020-09-02$28.02$28.0011.2%3.2%3.2%4.6%0.0%13.2%44.8%17.7K-89.8K-6210.00151.190016849
2020-09-03$28.05$0.0011.0%18.8%3.2%4.5%25.0%12.2%-32.1%17.7K-91.1K-6050.00200.004016849
2020-09-04$27.89$29.0014.3%11.4%3.7%6.4%0.0%4.8%-14.8%15.0K-108.0K-6840.00199.65250017149
2020-09-08$27.95$29.0015.2%18.2%3.8%6.9%0.0%40.1%-20.0%41.2K-444.0K-2.3K0.00200.000040849
2020-09-09$27.91$29.0042.4%12.1%3.6%22.6%0.0%11.4%-32.7%49.9K-393.0K-2.2K0.00199.650040849
2020-09-10$27.95$29.0061.7%17.7%3.5%33.9%0.0%8.2%-31.5%73.6K-383.1K-2.1K0.00200.000040849
2020-09-11$27.98$29.0064.8%18.6%3.4%35.6%0.0%8.6%-21.3%131.2K-362.3K-2.1K0.00200.00243040849
2020-09-14$27.97$29.0045.5%13.0%3.4%24.5%0.0%8.8%-35.4%72.7K-254.9K-1.4K0.00200.000028549
2020-09-15$27.97$29.0068.8%19.7%3.4%38.0%0.0%1.1%-48.6%79.9K-210.1K-1.4K0.00195.450028549
2020-09-16$27.93$29.0070.0%20.1%3.4%38.7%0.0%6.4%-60.5%69.1K-143.5K-9270.00200.000028549
2020-09-17$27.96$29.0063.9%18.3%3.4%35.1%0.0%11.4%-13.3%87.5K-184.5K-1.3K0.00200.000028549
2020-09-18$27.93$29.0071.7%20.5%3.3%39.6%0.0%8.5%-20.2%96.4K-140.7K-1.3K0.00199.7101028549
2020-09-21$27.97$29.0040.0%11.5%3.3%21.3%4.7%43.0%46.9%11.5K-168.8K-1.3K0.00200.001016426
2020-09-22$27.96$28.0020.5%5.9%3.3%10.0%0.0%13.4%16.1%11.9K-164.0K-1.3K0.00192.430016526
2020-09-23$27.97$28.0039.0%11.2%3.2%20.7%6.7%8.1%45.8%5.7K-142.1K-1.1K0.00200.003016526
2020-09-24$27.99$28.0043.6%12.5%3.2%23.3%0.0%9.8%46.1%10.1K-188.4K-1.3K0.00199.800116726
2020-09-25$28.01$28.0043.6%12.5%2.9%23.4%0.0%7.6%46.5%9.5K-169.9K-1.2K0.00193.030016726
2020-09-28$27.98$28.0043.5%12.5%2.9%23.3%0.0%2.2%41.2%11.2K-185.2K-1.3K0.00194.090016726
2020-09-29$28.01$28.0048.5%13.9%2.9%26.2%0.0%-0.4%47.8%8.8K-197.7K-1.3K0.00199.801016726
2020-09-30$27.95$28.0013.9%4.0%2.9%6.2%0.0%3.6%2.0%13.7K-158.3K-1.2K0.00160.670016826