GOVT Options History — April 2021

In April 2021, GOVT traded between $26.19 and $26.43. ATM implied volatility averaged 6.5%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 3.2% (HV 20d: 3.3%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2021-04-13: Highest Volume — 343 contracts
  • 2021-04-09: Largest IV spike — 134.2% change
  • 2021-04-13: Highest IV Rank — 13.2%
  • 2021-04-08: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.33$26.19$26.43$26.24$26.35
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV6.5%4.7%15.5%5.4%4.8%
Expected Move1.6%1.3%1.9%1.6%1.4%
HV 20d3.3%2.8%4.0%3.9%2.8%
HV 60d4.3%4.2%4.4%4.4%4.3%
IV Rank3.9%2.0%13.2%2.8%2.1%
IV Percentile13.0%2.0%49.2%7.9%3.2%
Term Structure0.8%-1.0%2.7%0.1%0.7%
VWIV15.1%4.8%55.4%9.1%4.9%
Skew 25d0.7%-2.4%3.6%-2.4%0.4%
Skew 10d6.4%0.1%13.3%1.1%12.0%
Call IV 25d5.6%4.2%7.7%7.7%5.0%
Put IV 25d6.3%4.2%9.1%5.2%5.5%
Bid-Ask Spread %135.0664.39175.4164.39134.59
Gamma HHI0.240.220.290.230.25
Net GEX-39.4K-66.4K919-7.8K-66.2K
Net DEX519.5K393.4K700.0K484.2K633.7K
Net VEX-4.9K-5.8K-4.0K-5.4K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.006.000.750.00
Total Volume28.048034372
Total OI2,6722,5532,7932,7422,615

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$26.24$26.005.4%1.6%3.9%2.8%9.1%-2.4%0.1%-7.8K484.2K-5.4K0.7564.39431,748994
2021-04-05$26.19$26.005.2%1.6%3.9%2.6%0.0%0.8%0.7%919542.2K-4.9K0.0097.75001,749994
2021-04-06$26.27$26.005.7%1.8%4.0%3.0%0.0%2.8%-0.8%-12.4K487.4K-4.8K0.0070.34051,749994
2021-04-07$26.24$26.005.3%1.8%3.8%2.6%6.2%1.2%0.1%-7.1K468.7K-4.7K3.00139.5010301,749994
2021-04-08$26.30$26.006.0%1.9%3.9%3.4%0.0%2.9%-0.7%-12.2K393.4K-5.8K0.3390.81311,7581,032
2021-04-09$26.28$26.0014.2%1.7%4.0%11.8%0.0%0.7%1.3%-29.3K479.0K-5.4K0.33143.72311,7581,033
2021-04-12$26.24$26.0011.6%1.7%3.1%9.2%0.0%3.6%0.4%-16.3K511.7K-5.0K0.00168.36101,7601,033
2021-04-13$26.31$26.0015.5%1.6%3.2%13.2%6.9%1.2%2.5%-33.4K470.9K-5.0K1.60161.781322111,7601,033
2021-04-14$26.30$26.005.9%1.7%3.2%3.3%33.9%0.1%1.4%-49.8K552.3K-5.1K1.00143.37221,6821,003
2021-04-15$26.41$26.005.1%1.5%3.5%2.5%4.8%-0.0%1.9%-52.2K489.6K-5.0K0.91165.4122201,6841,001
2021-04-16$26.38$26.005.3%1.5%3.3%2.7%0.0%0.9%1.6%-56.7K496.7K-5.0K0.50175.41211,7031,001
2021-04-19$26.35$26.005.6%1.6%3.4%3.0%4.8%1.8%2.7%-44.7K566.7K-4.9K0.00140.12401,631924
2021-04-20$26.40$26.005.5%1.6%3.2%2.8%12.5%-0.1%-0.1%-58.7K517.3K-4.7K3.86133.947271,629924
2021-04-21$26.40$26.004.7%1.4%3.0%2.1%0.0%-0.0%1.4%-56.5K544.9K-4.8K0.00131.33001,629951
2021-04-22$26.43$26.004.7%1.3%3.0%2.0%5.0%0.3%1.3%-62.1K511.5K-4.9K0.29132.7135101,629951
2021-04-23$26.40$26.005.7%1.6%3.1%3.1%55.4%-0.1%-0.6%-47.7K527.2K-5.0K6.00159.372121,663951
2021-04-26$26.40$26.005.2%1.5%3.0%2.5%0.0%0.9%0.7%-52.4K459.8K-4.7K0.00166.100101,663939
2021-04-27$26.35$26.005.0%1.4%2.9%2.3%6.1%0.5%1.9%-43.9K528.8K-4.8K0.00147.44501,663934
2021-04-28$26.35$26.005.1%1.5%2.9%2.4%32.1%-1.4%1.6%-53.1K544.0K-4.7K0.00137.721201,663934
2021-04-29$26.32$26.004.8%1.4%2.9%2.1%0.0%1.1%-1.0%-66.4K700.0K-4.0K0.25132.01821,673934
2021-04-30$26.35$26.004.8%1.4%2.8%2.1%4.9%0.4%0.7%-66.2K633.7K-4.1K0.00134.59201,681934