GOVT Options History — February 2024

In February 2024, GOVT traded between $22.51 and $23.07. ATM implied volatility averaged 9.1%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 2.7% (HV 20d: 6.4%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.57.

Notable Days

2024-02-16: Highest Volume — 145 contracts
2024-02-14: Largest IV spike — 116.4% change
2024-02-28: Highest IV Rank — 45.3%
2024-02-28: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.66	$22.51	$23.07	$23.07	$22.64
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	9.1%	5.5%	14.1%	8.1%	14.0%
Expected Move	2.6%	1.6%	4.1%	2.4%	4.0%
HV 20d	6.4%	5.1%	6.7%	5.1%	6.4%
HV 60d	6.3%	6.0%	6.6%	6.2%	6.0%
IV Rank	22.4%	6.4%	45.3%	18.0%	44.7%
IV Percentile	50.4%	2.0%	98.0%	41.3%	97.2%
Term Structure	2.2%	-3.0%	30.5%	-1.1%	4.1%
VWIV	8.6%	5.9%	17.5%	8.3%	17.5%
Skew 25d	0.6%	-5.5%	5.3%	1.6%	3.5%
Skew 10d	-1.1%	-4.0%	2.4%	2.3%	0.3%
Call IV 25d	7.7%	4.9%	10.9%	7.4%	6.0%
Put IV 25d	8.3%	5.4%	11.8%	9.0%	9.5%
Bid-Ask Spread %	160.54	131.49	175.50	165.17	175.50
Gamma HHI	0.52	0.40	0.71	0.67	0.44
Net GEX	109.3K	32.2K	225.5K	217.6K	74.4K
Net DEX	-464.5K	-1.2M	-174.0K	-1.2M	-401.3K
Net VEX	-3.4K	-4.0K	-3.0K	-3.0K	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.57	0.00	6.83	5.32	0.00
Total Volume	33.7	0	145	120	15
Total OI	1,925.55	1,766	1,984	1,874	1,959

Daily Data (20 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
2024-02-01	$23.07	$22.00	8.1%	2.4%	5.1%	18.0%	8.3%	1.6%	-1.1%	217.6K	-1.2M	-3.0K	5.32	165.17	19	101	983	891
2024-02-02	$22.87	$22.00	7.9%	2.0%	5.7%	16.9%	7.1%	0.2%	0.7%	225.5K	-867.5K	-3.5K	0.00	169.60	24	0	993	991
2024-02-05	$22.70	$22.00	7.6%	2.3%	6.2%	15.5%	8.0%	-0.8%	-0.4%	169.3K	-633.1K	-3.5K	0.00	168.48	9	0	993	991
2024-02-06	$22.80	$22.00	6.4%	2.0%	6.3%	10.0%	7.2%	-0.5%	0.2%	213.8K	-732.1K	-3.3K	0.33	169.06	3	1	989	991
2024-02-07	$22.77	$22.00	7.1%	2.0%	6.3%	13.2%	7.1%	-0.2%	0.4%	193.2K	-666.5K	-3.3K	0.00	172.84	4	0	990	992
2024-02-08	$22.70	$22.00	7.5%	2.1%	6.4%	15.2%	7.5%	-0.5%	-0.2%	151.3K	-601.8K	-3.4K	0.03	163.00	101	3	992	992
2024-02-09	$22.68	$22.00	7.8%	2.2%	6.2%	16.5%	0.0%	-0.4%	-0.3%	101.1K	-486.3K	-3.4K	0.00	167.93	0	3	910	992
2024-02-12	$22.70	$22.00	8.3%	2.4%	6.2%	18.6%	0.0%	-0.5%	-0.6%	102.7K	-515.0K	-3.3K	0.00	169.63	1	0	910	992
2024-02-13	$22.51	$22.00	5.5%	1.6%	6.5%	6.4%	0.0%	0.6%	1.7%	53.1K	-268.6K	-3.2K	1.25	152.35	4	5	911	992
2024-02-14	$22.57	$22.00	12.0%	3.4%	6.6%	35.6%	12.0%	-5.5%	-3.0%	32.2K	-264.3K	-3.4K	0.22	170.22	9	2	915	992
2024-02-15	$22.62	$22.00	8.1%	2.3%	6.6%	18.0%	8.2%	-1.5%	-0.5%	77.9K	-383.7K	-3.1K	0.33	148.44	3	1	914	992
2024-02-16	$22.55	$22.00	8.5%	2.4%	6.7%	19.9%	8.8%	-0.3%	-0.4%	75.7K	-295.5K	-3.4K	4.18	164.95	28	117	917	993
2024-02-20	$22.57	$22.00	7.3%	2.1%	6.6%	14.2%	8.7%	-1.8%	-0.2%	87.5K	-338.6K	-3.6K	5.00	145.65	18	90	838	928
2024-02-21	$22.52	$22.00	12.9%	3.7%	6.6%	39.6%	5.9%	2.6%	2.9%	65.4K	-268.0K	-3.6K	3.75	151.87	12	45	856	1,018
2024-02-22	$22.51	$22.00	10.2%	2.9%	6.6%	27.5%	0.0%	1.4%	2.1%	52.3K	-174.0K	-4.0K	0.00	161.60	1	0	848	1,063
2024-02-23	$22.61	$22.00	7.4%	2.1%	6.7%	14.9%	6.7%	2.3%	30.5%	79.3K	-348.6K	-3.5K	6.83	131.49	6	41	849	1,063
2024-02-26	$22.57	$22.00	11.5%	3.3%	6.7%	33.2%	6.8%	5.3%	2.6%	67.6K	-316.0K	-3.4K	0.00	149.00	6	0	849	1,104
2024-02-27	$22.55	$22.00	9.7%	2.8%	6.5%	25.2%	9.7%	0.8%	2.0%	64.3K	-249.9K	-3.2K	1.00	140.75	1	1	855	1,104
2024-02-28	$22.61	$22.00	14.1%	4.1%	6.6%	45.3%	0.0%	5.1%	4.3%	81.5K	-320.5K	-3.3K	0.00	173.25	0	0	855	1,104
2024-02-29	$22.64	$22.00	14.0%	4.0%	6.4%	44.7%	17.5%	3.5%	4.1%	74.4K	-401.3K	-3.3K	0.00	175.50	15	0	855	1,104