GOVT Options History — February 2021

In February 2021, GOVT traded between $26.30 and $27.12. ATM implied volatility averaged 7.1%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 4.0% (HV 20d: 3.1%). Max pain ranged from $27.00 to $27.76. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 4.04.

Notable Days

  • 2021-02-05: Highest Volume — 153 contracts
  • 2021-02-05: Largest IV spike — 321.9% change
  • 2021-02-05: Highest IV Rank — 18.3%
  • 2021-02-05: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.81$26.30$27.12$27.12$26.54
Max Pain$27.64$27.00$27.76$27.00$27.76
ATM IV7.1%2.7%21.2%5.9%7.4%
Expected Move2.0%1.3%5.2%1.7%2.1%
HV 20d3.1%2.5%5.5%3.4%5.5%
HV 60d4.3%4.1%5.0%4.7%5.0%
IV Rank4.2%0.0%18.3%2.1%4.8%
IV Percentile10.3%0.0%40.9%4.8%14.3%
Term Structure-0.8%-9.6%2.9%-0.8%-2.9%
VWIV7.3%5.1%13.2%8.0%7.3%
Skew 25d-0.2%-29.0%10.0%-1.6%-0.9%
Skew 10d1.3%-38.7%12.6%0.4%-2.5%
Call IV 25d9.2%5.7%36.4%7.9%8.2%
Put IV 25d9.1%5.1%19.4%6.3%7.3%
Bid-Ask Spread %128.2073.27182.28168.74111.80
Gamma HHI0.350.220.530.490.24
Net GEX28.8K6.6K48.8K48.8K6.6K
Net DEX-54.8K-167.8K118.9K-91.3K5.2K
Net VEX-2.3K-3.8K-1.2K-1.4K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.040.0027.000.0027.00
Total Volume4031531128
Total OI693.737453925453925

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-02-01$27.12$27.005.9%1.7%3.4%2.1%8.0%-1.6%-0.8%48.8K-91.3K-1.4K0.00168.7411036984
2021-02-02$27.05$27.005.0%1.4%3.5%1.2%0.0%-0.4%0.1%34.8K-53.8K-1.2K0.03182.2830137984
2021-02-03$26.99$27.006.5%1.9%3.5%2.8%6.5%-29.0%-1.0%29.1K-18.6K-1.2K0.50147.152140993
2021-02-04$26.98$27.765.0%1.7%2.8%1.3%7.1%-0.3%0.7%23.3K3.6K-1.2K1.00130.525540994
2021-02-05$26.94$27.7621.2%5.2%2.8%18.3%13.2%-3.4%-9.6%22.4K-25.7K-1.3K0.00152.57153041496
2021-02-08$26.95$27.765.6%1.5%2.7%1.9%5.2%0.3%0.8%41.7K-145.9K-2.2K0.00134.0478056296
2021-02-09$26.95$27.762.7%1.4%2.7%0.0%0.0%-0.6%0.8%34.8K-148.8K-2.3K0.50103.294261297
2021-02-10$26.99$27.764.7%1.4%2.8%2.0%0.0%0.3%1.2%39.5K-167.8K-2.3K0.06105.5018161499
2021-02-11$26.97$27.764.6%1.3%2.5%1.9%6.4%0.4%1.4%19.2K-138.0K-2.3K0.0073.2730624119
2021-02-12$26.88$27.765.1%1.5%2.6%2.4%5.1%1.4%0.9%28.1K-97.5K-2.3K1.00124.1733623119
2021-02-16$26.74$27.7612.3%3.5%3.0%9.9%9.0%3.1%-8.7%40.0K-57.5K-2.3K2.00145.0012626121
2021-02-17$26.78$27.765.5%1.6%3.1%2.9%5.5%3.9%0.8%46.1K-135.4K-2.2K0.06109.04161626122
2021-02-18$26.77$27.765.3%1.5%3.0%2.7%5.3%4.0%-0.0%31.4K-40.5K-2.1K2.26132.162761642121
2021-02-19$26.68$27.765.7%1.6%3.2%3.1%5.7%4.7%-2.2%30.0K29.2K-2.3K25.67134.30377662182
2021-02-22$26.62$27.7612.6%3.6%3.1%10.2%10.5%10.0%2.9%30.8K-136.9K-3.5K4.13160.611666523195
2021-02-23$26.61$27.765.2%1.5%2.7%2.6%6.4%7.0%-0.2%17.0K17.0K-2.8K9.67117.88329534261
2021-02-24$26.55$27.764.8%1.4%2.7%2.2%5.1%0.3%-0.4%17.5K41.8K-3.1K2.33115.0337533285
2021-02-25$26.30$27.7610.3%2.9%4.0%7.8%10.9%-2.2%0.2%6.8K118.9K-3.3K0.6188.456238535292
2021-02-26$26.54$27.767.4%2.1%5.5%4.8%7.3%-0.9%-2.9%6.6K5.2K-3.8K27.00111.80127596329