GOVT Options History — February 2022

In February 2022, GOVT traded between $25.42 and $25.95. ATM implied volatility averaged 8.4%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 3.1% (HV 20d: 5.3%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.85.

Notable Days

2022-02-24: Highest Volume — 474 contracts
2022-02-16: Largest IV spike — 64.1% change
2022-02-16: Highest IV Rank — 40.3%
2022-02-16: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.64	$25.42	$25.95	$25.92	$25.77
Max Pain	$26.00	$26.00	$26.00	$26.00	$26.00
ATM IV	8.4%	5.4%	15.2%	6.3%	10.1%
Expected Move	2.5%	1.8%	4.4%	1.8%	2.9%
HV 20d	5.3%	4.3%	6.2%	4.3%	6.2%
HV 60d	5.0%	4.8%	5.3%	5.1%	5.1%
IV Rank	17.2%	8.3%	40.3%	12.4%	21.8%
IV Percentile	70.1%	18.3%	98.8%	43.3%	88.9%
Term Structure	-0.5%	-7.4%	6.2%	6.2%	-0.3%
VWIV	10.0%	7.6%	20.3%	7.7%	12.8%
Skew 25d	-0.5%	-5.0%	3.1%	3.1%	-0.8%
Skew 10d	3.0%	-12.0%	13.4%	4.9%	-1.2%
Call IV 25d	9.1%	6.5%	12.3%	6.5%	10.3%
Put IV 25d	8.7%	5.6%	11.5%	9.6%	9.5%
Bid-Ask Spread %	126.89	102.18	149.45	128.87	130.90
Gamma HHI	0.84	0.59	0.92	0.90	0.59
Net GEX	-152.3K	-252.1K	-39.1K	-220.6K	-57.3K
Net DEX	1.0M	469.4K	1.3M	1.0M	469.4K
Net VEX	-2.9K	-4.3K	-1.9K	-4.3K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	0.16	3.36	1.29	0.76
Total Volume	272.474	152	474	172	202
Total OI	870.421	672	1,020	1,009	1,011

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$25.92	$26.00	6.3%	1.8%	4.3%	12.4%	7.7%	3.1%	6.2%	-220.6K	1.0M	-4.3K	1.29	128.87	75	97	147	862
2022-02-02	$25.95	$26.00	8.0%	2.3%	4.3%	18.1%	20.3%	2.8%	-1.1%	-252.1K	1.1M	-4.3K	1.56	149.45	75	117	148	872
2022-02-03	$25.89	$26.00	8.3%	2.7%	4.3%	19.0%	16.1%	-5.0%	-0.6%	-211.5K	1.0M	-4.1K	1.50	133.33	78	117	149	842
2022-02-04	$25.71	$26.00	5.4%	2.3%	4.9%	9.1%	7.9%	2.1%	-0.6%	-208.1K	1.3M	-3.8K	2.94	146.50	78	229	151	842
2022-02-07	$25.73	$26.00	7.7%	2.4%	4.9%	17.2%	8.0%	-1.5%	-0.6%	-181.8K	1.1M	-3.0K	2.68	118.82	78	209	151	720
2022-02-08	$25.67	$26.00	6.1%	2.6%	5.0%	11.6%	8.8%	-2.1%	-1.3%	-174.9K	1.1M	-3.0K	2.94	113.20	78	229	151	720
2022-02-09	$25.67	$26.00	7.9%	2.3%	4.9%	14.0%	7.6%	-2.5%	-0.2%	-180.9K	1.1M	-2.9K	2.94	110.41	78	229	151	720
2022-02-10	$25.46	$26.00	6.6%	1.9%	5.6%	9.4%	7.8%	-1.6%	2.2%	-146.9K	1.2M	-2.7K	2.59	102.18	80	207	152	720
2022-02-11	$25.61	$26.00	7.6%	2.2%	6.0%	12.9%	7.7%	0.7%	-0.3%	-159.8K	1.1M	-2.8K	0.88	129.78	81	71	155	718
2022-02-14	$25.52	$26.00	10.1%	2.9%	5.8%	21.9%	9.7%	0.3%	-1.5%	-146.3K	1.1M	-2.7K	0.87	125.06	82	71	156	714
2022-02-15	$25.42	$26.00	9.3%	2.7%	5.7%	18.9%	10.6%	-1.1%	-1.3%	-141.2K	1.2M	-2.5K	3.36	112.60	80	269	155	713
2022-02-16	$25.48	$26.00	15.2%	4.4%	5.7%	40.3%	15.2%	2.7%	-7.4%	-128.2K	1.1M	-2.2K	2.61	120.88	112	292	156	639
2022-02-17	$25.54	$26.00	9.5%	2.7%	5.8%	19.8%	8.5%	0.4%	-1.2%	-139.3K	1.0M	-2.2K	2.64	130.63	112	296	167	644
2022-02-18	$25.63	$26.00	7.5%	2.2%	5.7%	12.7%	7.6%	-3.0%	-0.2%	-131.5K	1.1M	-2.2K	3.11	124.28	112	348	167	649
2022-02-22	$25.60	$26.00	9.4%	2.7%	5.7%	19.3%	9.2%	-1.1%	-1.5%	-127.4K	878.6K	-2.0K	0.66	136.42	103	68	138	536
2022-02-23	$25.55	$26.00	10.3%	3.0%	5.7%	22.9%	8.5%	-1.1%	-1.8%	-119.2K	864.8K	-2.1K	0.66	138.28	103	68	138	534
2022-02-24	$25.55	$26.00	6.3%	1.8%	5.5%	8.3%	8.6%	1.0%	2.4%	-127.2K	911.9K	-1.9K	0.16	139.77	407	67	138	534
2022-02-25	$25.56	$26.00	8.6%	2.5%	5.4%	16.4%	7.6%	-2.3%	-0.4%	-39.1K	686.8K	-2.8K	0.95	119.48	92	87	444	534
2022-02-28	$25.77	$26.00	10.1%	2.9%	6.2%	21.8%	12.8%	-0.8%	-0.3%	-57.3K	469.4K	-3.2K	0.76	130.90	115	87	451	560