GOVT Options History — April 2024

In April 2024, GOVT traded between $22.12 and $22.55. ATM implied volatility averaged 9.8%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 3.9% (HV 20d: 5.9%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 3.34.

Notable Days

2024-04-03: Highest Volume — 45 contracts
2024-04-05: Largest IV spike — 119.9% change
2024-04-05: Highest IV Rank — 46.7%
2024-04-01: Largest Expected Move — 4.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.29	$22.12	$22.55	$22.52	$22.14
Max Pain	$21.77	$21.00	$23.00	$23.00	$22.00
ATM IV	9.8%	7.1%	16.4%	14.6%	8.1%
Expected Move	2.5%	1.6%	4.2%	4.2%	2.3%
HV 20d	5.9%	4.7%	6.6%	5.1%	5.7%
HV 60d	5.6%	5.3%	5.8%	5.4%	5.3%
IV Rank	22.0%	12.2%	46.7%	39.9%	15.7%
IV Percentile	59.7%	21.8%	98.4%	97.2%	50.8%
Term Structure	-1.9%	-17.9%	2.0%	0.1%	-1.3%
VWIV	9.2%	6.5%	14.4%	9.5%	8.1%
Skew 25d	2.8%	-2.1%	9.3%	5.3%	4.6%
Skew 10d	4.0%	-2.6%	18.3%	0.9%	10.6%
Call IV 25d	7.4%	3.8%	10.2%	7.6%	8.0%
Put IV 25d	10.2%	6.7%	17.3%	12.9%	12.6%
Bid-Ask Spread %	109.89	70.47	149.34	111.30	85.30
Gamma HHI	0.43	0.35	0.62	0.49	0.40
Net GEX	18.7K	-30.1K	79.6K	54.7K	6.5K
Net DEX	-102.1K	-242.9K	48.0K	-242.9K	-107.2K
Net VEX	-2.3K	-2.6K	-1.9K	-2.6K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.34	0.00	44.00	0.00	0.00
Total Volume	12.591	0	45	0	1
Total OI	1,243.773	1,004	1,390	1,248	1,085

Daily Data (22 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
2024-04-01	$22.52	$23.00	14.6%	4.2%	5.1%	39.9%	0.0%	5.3%	0.1%	54.7K	-242.9K	-2.6K	0.00	111.30	0	0	519	729
2024-04-02	$22.48	$21.00	14.1%	4.0%	5.1%	37.9%	0.0%	-0.3%	-17.9%	47.3K	-198.8K	-2.5K	0.00	70.47	1	0	519	726
2024-04-03	$22.48	$21.00	14.2%	4.1%	4.7%	38.4%	9.5%	1.2%	-11.0%	73.3K	-220.6K	-2.1K	44.00	99.86	1	44	519	725
2024-04-04	$22.55	$21.00	7.5%	1.8%	4.8%	13.5%	0.0%	-0.6%	-0.3%	79.6K	-233.2K	-2.2K	0.00	117.66	0	5	520	766
2024-04-05	$22.45	$21.00	16.4%	1.6%	5.0%	46.7%	0.0%	-2.1%	2.0%	42.7K	-170.7K	-2.4K	0.05	149.34	20	1	520	770
2024-04-08	$22.41	$21.00	12.5%	2.1%	4.9%	32.0%	0.0%	7.8%	2.0%	43.3K	-182.5K	-2.3K	0.00	133.05	0	33	540	770
2024-04-09	$22.48	$21.00	13.5%	1.8%	5.1%	35.8%	6.5%	4.4%	-0.3%	45.9K	-229.1K	-2.3K	0.05	142.26	20	1	540	803
2024-04-10	$22.24	$22.00	7.6%	2.2%	6.2%	14.0%	0.0%	0.8%	0.0%	-11.9K	-47.9K	-2.4K	0.00	118.08	8	0	551	804
2024-04-11	$22.24	$22.00	10.4%	3.0%	6.2%	24.2%	14.4%	6.6%	-3.5%	-5.9K	-47.0K	-2.4K	6.00	125.29	3	18	556	804
2024-04-12	$22.31	$22.00	8.5%	2.4%	6.1%	17.1%	8.5%	3.2%	-1.7%	23.3K	-76.5K	-2.5K	2.00	112.97	1	2	559	822
2024-04-15	$22.19	$22.00	7.3%	2.1%	6.4%	12.8%	0.0%	-0.1%	-0.3%	-22.0K	12.9K	-2.3K	0.06	105.00	17	1	559	822
2024-04-16	$22.13	$22.00	7.4%	2.1%	6.4%	13.2%	0.0%	1.2%	-0.9%	-30.1K	48.0K	-2.3K	0.00	116.19	7	0	560	823
2024-04-17	$22.23	$22.00	7.8%	2.2%	6.6%	14.9%	0.0%	3.0%	-0.7%	5.0K	-148	-2.5K	0.00	123.10	0	0	567	823
2024-04-18	$22.18	$22.00	8.0%	2.3%	6.5%	15.5%	0.0%	3.6%	-1.2%	-384	37.0K	-2.4K	0.00	124.83	0	0	567	823
2024-04-19	$22.20	$22.00	7.4%	2.1%	6.6%	13.4%	0.0%	-1.9%	-0.5%	-6.0K	26.0K	-2.3K	0.00	118.55	0	2	567	823
2024-04-22	$22.20	$22.00	9.7%	2.8%	6.4%	21.7%	0.0%	5.2%	-3.0%	14.1K	-32.8K	-2.1K	0.00	99.82	42	0	420	584
2024-04-23	$22.23	$22.00	7.9%	2.3%	6.4%	15.1%	0.0%	3.3%	-0.9%	16.1K	-145.1K	-1.9K	0.00	88.47	2	0	462	584
2024-04-24	$22.18	$22.00	7.8%	2.2%	6.4%	14.8%	7.8%	3.9%	-0.8%	7.7K	-104.2K	-2.1K	0.00	99.16	1	0	464	584
2024-04-25	$22.12	$22.00	7.1%	2.0%	6.3%	12.2%	0.0%	1.3%	0.1%	2.5K	-79.5K	-2.1K	0.06	91.18	18	1	464	584
2024-04-26	$22.16	$22.00	9.6%	2.8%	6.4%	21.4%	9.6%	9.3%	-2.6%	11.7K	-106.3K	-2.1K	0.82	95.23	11	9	475	583
2024-04-29	$22.20	$22.00	7.4%	2.1%	5.7%	13.2%	0.0%	2.2%	1.7%	13.1K	-145.8K	-2.2K	0.40	90.52	5	2	486	592
2024-04-30	$22.14	$22.00	8.1%	2.3%	5.7%	15.7%	8.1%	4.6%	-1.3%	6.5K	-107.2K	-2.1K	0.00	85.30	1	0	491	594