GOVT Options History — July 2024

In July 2024, GOVT traded between $22.38 and $22.98. ATM implied volatility averaged 8.0%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 2.4% (HV 20d: 5.6%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 2.57.

Notable Days

2024-07-09: Highest Volume — 110 contracts
2024-07-31: Largest IV spike — 71.9% change
2024-07-08: Highest IV Rank — 50.4%
2024-07-03: Largest Expected Move — 4.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.73	$22.38	$22.98	$22.38	$22.98
Max Pain	$21.14	$21.00	$22.00	$22.00	$21.00
ATM IV	8.0%	4.3%	18.5%	6.7%	8.4%
Expected Move	1.9%	1.2%	4.3%	1.9%	2.4%
HV 20d	5.6%	3.8%	6.5%	6.4%	3.9%
HV 60d	5.1%	4.9%	5.6%	5.5%	5.0%
IV Rank	14.4%	1.7%	50.4%	10.0%	15.9%
IV Percentile	31.4%	1.2%	96.0%	19.4%	59.5%
Term Structure	0.1%	-2.6%	2.5%	1.3%	-2.6%
VWIV	8.2%	4.2%	14.2%	14.2%	8.4%
Skew 25d	2.8%	-5.4%	18.6%	-5.4%	13.4%
Skew 10d	2.8%	-3.4%	21.3%	-3.4%	20.5%
Call IV 25d	7.6%	5.4%	12.2%	11.1%	12.2%
Put IV 25d	10.4%	5.7%	26.4%	5.7%	25.6%
Bid-Ask Spread %	153.45	145.65	161.39	147.01	160.00
Gamma HHI	0.54	0.40	0.66	0.41	0.66
Net GEX	29.4K	3.0K	48.2K	3.0K	42.2K
Net DEX	-197.4K	-307.8K	-23.2K	-23.2K	-307.8K
Net VEX	-1.2K	-1.5K	-920	-1.5K	-920
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.57	0.00	28.00	2.25	2.25
Total Volume	15.091	0	110	0	13
Total OI	802.136	702	909	702	819

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
2024-07-01	$22.38	$22.00	6.7%	1.9%	6.4%	10.0%	0.0%	-5.4%	1.3%	3.0K	-23.2K	-1.5K	0.00	147.01	0	0	227	475
2024-07-02	$22.45	$22.00	8.9%	2.5%	6.4%	17.3%	0.0%	-0.6%	0.2%	6.8K	-68.3K	-1.5K	2.25	148.75	4	9	227	475
2024-07-03	$22.55	$22.00	14.9%	4.3%	6.4%	38.2%	0.0%	4.2%	-0.9%	16.8K	-111.9K	-1.4K	0.00	153.72	2	0	231	484
2024-07-05	$22.66	$21.00	14.9%	2.0%	6.5%	38.2%	0.0%	-0.3%	-0.7%	23.0K	-149.6K	-1.3K	0.00	148.83	0	0	231	484
2024-07-08	$22.66	$21.00	18.5%	1.9%	6.5%	50.4%	0.0%	1.6%	-0.0%	22.8K	-153.2K	-1.3K	6.00	147.19	1	6	231	484
2024-07-09	$22.63	$21.00	16.8%	1.6%	5.8%	44.4%	14.2%	0.8%	-0.2%	21.8K	-142.3K	-1.3K	4.79	155.91	19	91	232	487
2024-07-10	$22.66	$21.00	7.4%	2.1%	5.8%	12.2%	14.2%	1.9%	-1.3%	26.4K	-157.2K	-1.3K	0.00	156.88	0	54	251	587
2024-07-11	$22.77	$21.00	6.3%	1.8%	5.9%	8.5%	0.0%	0.6%	-0.8%	43.8K	-206.9K	-1.2K	0.05	148.98	20	1	251	641
2024-07-12	$22.80	$21.00	5.4%	1.5%	5.7%	5.3%	0.0%	0.7%	-0.3%	39.6K	-210.0K	-1.1K	0.00	149.92	0	2	237	641
2024-07-15	$22.76	$21.00	7.1%	2.0%	5.5%	11.1%	0.0%	0.9%	-1.1%	31.2K	-181.6K	-1.1K	0.00	145.65	7	0	237	639
2024-07-16	$22.84	$21.00	5.7%	1.6%	5.6%	6.4%	5.7%	3.1%	-0.1%	45.4K	-211.1K	-1.1K	0.00	150.00	1	0	239	639
2024-07-17	$22.86	$21.00	5.9%	1.7%	5.5%	7.0%	0.0%	1.6%	-0.2%	48.2K	-228.8K	-1.0K	0.00	150.92	36	0	240	639
2024-07-18	$22.80	$21.00	5.4%	1.5%	5.5%	5.3%	0.0%	1.7%	-0.0%	43.1K	-279.7K	-1.0K	0.00	154.97	0	0	270	639
2024-07-19	$22.74	$21.00	5.6%	1.6%	5.5%	6.2%	5.9%	3.0%	-0.2%	33.3K	-260.9K	-1.0K	0.00	159.94	5	0	270	638
2024-07-22	$22.73	$21.00	6.8%	1.9%	5.5%	10.1%	6.4%	1.1%	-0.2%	20.4K	-209.2K	-1.1K	0.29	151.26	7	2	224	546
2024-07-23	$22.74	$21.00	4.3%	1.2%	5.5%	1.7%	4.2%	4.1%	2.5%	22.8K	-220.7K	-1.1K	0.00	150.11	9	0	231	546
2024-07-24	$22.70	$21.00	5.4%	1.6%	5.6%	5.5%	0.0%	2.6%	1.1%	23.9K	-216.3K	-1.1K	0.00	158.79	2	0	236	546
2024-07-25	$22.73	$21.00	5.1%	1.5%	5.3%	4.2%	0.0%	2.1%	1.9%	24.5K	-221.3K	-1.1K	0.00	155.93	1	0	238	546
2024-07-26	$22.81	$21.00	6.5%	1.9%	5.5%	9.2%	6.6%	2.4%	-0.6%	32.7K	-242.7K	-1.0K	0.00	160.67	3	0	239	546
2024-07-29	$22.86	$21.00	5.4%	1.5%	5.3%	5.4%	0.0%	2.4%	2.4%	36.1K	-262.8K	-986	28.00	159.08	1	28	242	546
2024-07-30	$22.88	$21.00	4.9%	1.4%	3.8%	3.7%	0.0%	18.6%	2.2%	39.6K	-277.2K	-965	0.00	161.39	8	0	243	573
2024-07-31	$22.98	$21.00	8.4%	2.4%	3.9%	15.9%	8.4%	13.4%	-2.6%	42.2K	-307.8K	-920	2.25	160.00	4	9	246	573