GOVT Options History — May 2024

In May 2024, GOVT traded between $22.16 and $22.54. ATM implied volatility averaged 10.6%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded above realized volatility by 6.2% (HV 20d: 4.4%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.51.

Notable Days

2024-05-23: Highest Volume — 137 contracts
2024-05-16: Largest IV spike — 216.8% change
2024-05-16: Highest IV Rank — 80.1%
2024-05-16: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.38	$22.16	$22.54	$22.16	$22.38
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	10.6%	5.1%	25.5%	7.7%	6.6%
Expected Move	2.1%	1.2%	7.3%	2.2%	1.9%
HV 20d	4.4%	3.6%	5.8%	5.7%	4.4%
HV 60d	5.0%	4.9%	5.2%	5.1%	5.0%
IV Rank	25.1%	4.8%	80.1%	14.5%	10.1%
IV Percentile	50.6%	3.2%	99.2%	41.3%	16.3%
Term Structure	0.4%	-1.6%	3.1%	0.9%	-0.3%
VWIV	5.8%	4.5%	6.6%	6.6%	5.8%
Skew 25d	2.4%	-2.9%	9.1%	2.4%	1.2%
Skew 10d	1.3%	-1.4%	5.3%	2.8%	-0.5%
Call IV 25d	5.8%	3.8%	8.3%	7.1%	7.3%
Put IV 25d	8.2%	4.0%	15.0%	9.5%	8.5%
Bid-Ask Spread %	112.45	53.30	150.22	98.97	96.72
Gamma HHI	0.52	0.37	0.63	0.48	0.42
Net GEX	27.8K	2.9K	51.6K	18.5K	7.5K
Net DEX	-179.6K	-281.3K	-64.0K	-173.7K	-116.8K
Net VEX	-1.9K	-2.4K	-1.6K	-2.0K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.51	0.00	10.11	0.00	0.00
Total Volume	19.318	0	137	10	3
Total OI	1,117.091	1,058	1,170	1,085	1,127

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
2024-05-01	$22.16	$22.00	7.7%	2.2%	5.7%	14.5%	0.0%	2.4%	0.9%	18.5K	-173.7K	-2.0K	0.00	98.97	0	10	491	594
2024-05-02	$22.23	$22.00	7.0%	2.0%	5.7%	11.6%	6.6%	0.7%	0.7%	19.2K	-182.2K	-1.9K	0.00	71.68	10	0	491	600
2024-05-03	$22.32	$22.00	8.3%	2.4%	5.8%	16.4%	0.0%	3.6%	0.4%	35.9K	-254.7K	-1.9K	0.00	96.76	41	0	499	600
2024-05-06	$22.34	$22.00	10.2%	1.6%	5.8%	23.7%	6.3%	0.3%	-1.2%	37.8K	-180.6K	-1.7K	3.00	137.27	3	9	458	600
2024-05-07	$22.38	$22.00	12.3%	1.6%	5.7%	31.5%	0.0%	0.4%	-0.9%	40.4K	-192.7K	-1.8K	0.00	101.33	3	0	460	609
2024-05-08	$22.34	$22.00	12.3%	1.6%	4.2%	31.4%	0.0%	0.6%	-1.1%	36.5K	-180.1K	-1.8K	0.00	116.43	12	0	461	609
2024-05-09	$22.39	$22.00	13.8%	1.2%	4.3%	36.8%	0.0%	-0.7%	1.8%	34.0K	-208.4K	-2.2K	2.50	111.87	10	25	471	609
2024-05-10	$22.34	$22.00	18.4%	1.6%	4.2%	54.0%	0.0%	0.6%	-0.1%	33.2K	-161.1K	-2.0K	0.00	118.50	11	0	477	634
2024-05-13	$22.37	$22.00	19.9%	1.5%	3.7%	59.4%	0.0%	2.8%	0.9%	28.4K	-166.0K	-1.7K	0.00	126.01	0	15	478	634
2024-05-14	$22.41	$22.00	24.2%	1.7%	3.6%	75.3%	0.0%	4.5%	-1.6%	39.8K	-205.6K	-1.8K	0.00	145.29	0	1	478	649
2024-05-15	$22.54	$22.00	8.0%	2.3%	3.8%	15.6%	0.0%	4.9%	1.5%	51.6K	-281.3K	-1.9K	0.00	144.63	0	0	478	650
2024-05-16	$22.52	$22.00	25.5%	7.3%	3.7%	80.1%	4.5%	1.7%	2.5%	24.9K	-267.1K	-2.4K	0.00	150.22	14	0	478	650
2024-05-17	$22.46	$22.00	7.2%	2.1%	3.9%	12.6%	0.0%	5.2%	0.5%	40.4K	-239.4K	-2.1K	10.11	147.21	9	91	488	650
2024-05-20	$22.44	$22.00	7.3%	2.1%	3.9%	13.0%	0.0%	4.9%	-0.8%	38.7K	-192.7K	-1.7K	0.00	109.29	2	0	470	699
2024-05-21	$22.48	$22.00	7.0%	2.0%	3.9%	11.8%	0.0%	6.0%	-0.9%	36.8K	-213.6K	-2.1K	0.50	88.23	2	1	469	699
2024-05-22	$22.46	$22.00	7.5%	2.2%	3.8%	13.6%	0.0%	6.5%	0.8%	25.0K	-184.6K	-1.6K	0.00	94.35	0	4	469	699
2024-05-23	$22.41	$22.00	7.5%	2.1%	3.7%	13.5%	5.8%	9.1%	-0.5%	21.7K	-140.4K	-1.7K	0.00	136.88	137	0	469	701
2024-05-24	$22.43	$22.00	5.2%	1.5%	3.7%	5.2%	0.0%	2.8%	1.2%	22.5K	-154.9K	-1.8K	0.00	53.30	0	0	418	701
2024-05-28	$22.34	$22.00	5.1%	1.5%	4.0%	4.8%	0.0%	-0.2%	3.1%	12.1K	-102.6K	-1.7K	5.00	96.62	1	5	418	701
2024-05-29	$22.24	$22.00	6.0%	1.7%	4.3%	8.1%	0.0%	-2.9%	0.0%	2.9K	-64.0K	-1.7K	0.00	116.15	0	0	419	701
2024-05-30	$22.32	$22.00	6.1%	1.8%	4.4%	8.5%	0.0%	-0.5%	1.4%	2.9K	-88.7K	-1.7K	0.00	116.11	0	6	419	701
2024-05-31	$22.38	$22.00	6.6%	1.9%	4.4%	10.1%	0.0%	1.2%	-0.3%	7.5K	-116.8K	-1.7K	0.00	96.72	3	0	420	707