GOVT Options History — September 2024

In September 2024, GOVT traded between $23.29 and $23.64. ATM implied volatility averaged 14.9%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 11.2% (HV 20d: 3.7%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.14.

Notable Days

2024-09-16: Highest Volume — 102 contracts
2024-09-18: Largest IV spike — 582.3% change
2024-09-18: Highest IV Rank — 100.0%
2024-09-18: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.51	$23.29	$23.64	$23.29	$23.44
Max Pain	$21.50	$21.00	$23.00	$23.00	$21.00
ATM IV	14.9%	5.9%	42.3%	6.8%	18.2%
Expected Move	3.6%	1.5%	12.1%	2.0%	5.2%
HV 20d	3.7%	3.0%	5.0%	5.0%	3.5%
HV 60d	5.3%	4.8%	5.7%	5.7%	4.8%
IV Rank	32.5%	5.3%	100.0%	10.3%	37.4%
IV Percentile	65.5%	10.3%	100.0%	23.0%	92.9%
Term Structure	-1.0%	-19.4%	3.8%	0.7%	-19.4%
VWIV	18.7%	7.2%	37.7%	23.9%	9.2%
Skew 25d	-0.4%	-4.7%	5.6%	0.7%	2.9%
Skew 10d	-0.4%	-5.1%	2.7%	2.7%	1.0%
Call IV 25d	9.3%	5.3%	12.9%	6.6%	10.9%
Put IV 25d	8.9%	6.3%	13.8%	7.4%	13.8%
Bid-Ask Spread %	158.90	136.16	173.23	142.74	168.35
Gamma HHI	0.61	0.42	0.87	0.87	0.44
Net GEX	-160.4K	-543.0K	65.9K	-543.0K	64.8K
Net DEX	-36.8K	-692.9K	531.6K	82.8K	-374.1K
Net VEX	-2.8K	-5.0K	-1.3K	-4.0K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	1.11	0.00	0.00
Total Volume	12.65	0	102	0	1
Total OI	2,163.55	507	2,938	2,850	512

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
2024-09-03	$23.29	$23.00	6.8%	2.0%	5.0%	10.3%	0.0%	0.7%	0.7%	-543.0K	82.8K	-4.0K	0.00	142.74	0	0	676	2,174
2024-09-04	$23.41	$23.00	14.4%	4.1%	4.5%	36.4%	23.9%	-4.7%	-17.6%	-281.5K	531.6K	-5.0K	0.00	153.76	4	0	676	2,174
2024-09-05	$23.45	$23.00	21.5%	2.0%	4.3%	60.8%	0.0%	-3.8%	0.4%	-267.0K	464.1K	-4.7K	0.00	145.72	7	0	676	2,174
2024-09-06	$23.49	$23.00	15.5%	1.6%	4.1%	40.3%	0.0%	-3.5%	3.4%	-260.7K	387.0K	-4.5K	0.00	136.16	1	0	676	2,174
2024-09-09	$23.52	$23.00	18.1%	1.5%	4.1%	49.0%	37.7%	1.5%	1.7%	-288.2K	137.8K	-3.7K	0.00	143.87	15	0	676	2,174
2024-09-10	$23.59	$21.00	17.4%	1.8%	4.1%	46.8%	19.8%	-1.1%	-0.5%	-253.4K	50.0K	-3.7K	1.11	164.05	9	10	685	2,174
2024-09-11	$23.59	$21.00	6.9%	2.0%	4.0%	10.6%	0.0%	-1.2%	-1.1%	-216.2K	363.4K	-4.0K	0.00	163.04	55	0	683	2,176
2024-09-12	$23.55	$21.00	8.1%	2.3%	4.1%	14.6%	0.0%	-0.0%	0.5%	-274.0K	207.5K	-3.5K	0.00	155.24	0	0	657	2,176
2024-09-13	$23.59	$21.00	6.7%	1.9%	3.5%	10.0%	0.0%	-0.8%	-0.7%	-267.8K	68.2K	-3.2K	1.00	147.58	1	1	657	2,176
2024-09-16	$23.64	$21.00	6.9%	2.0%	3.5%	10.7%	0.0%	-2.6%	-1.3%	-252.8K	-90.1K	-2.6K	0.00	160.86	102	0	656	2,177
2024-09-17	$23.62	$21.00	6.2%	1.8%	3.5%	8.2%	0.0%	3.6%	2.4%	-210.8K	213.4K	-2.8K	0.00	167.88	1	0	756	2,177
2024-09-18	$23.55	$21.00	42.3%	12.1%	3.7%	100.0%	0.0%	-0.0%	0.8%	-258.9K	176.1K	-2.6K	0.06	170.13	17	1	756	2,177
2024-09-19	$23.52	$21.00	16.4%	4.7%	3.7%	32.6%	7.2%	5.6%	1.1%	-281.8K	-308.5K	-1.8K	0.00	163.67	3	0	757	2,178
2024-09-20	$23.52	$21.00	19.1%	5.5%	3.3%	39.7%	14.3%	-1.9%	-0.0%	61.6K	-692.9K	-1.4K	0.00	166.62	17	0	760	2,178
2024-09-23	$23.51	$21.00	21.6%	6.2%	3.0%	46.2%	0.0%	0.7%	1.6%	62.5K	-392.9K	-1.4K	0.00	164.68	3	0	455	52
2024-09-24	$23.52	$21.00	10.6%	3.0%	3.0%	17.6%	0.0%	-1.0%	0.8%	62.8K	-398.7K	-1.4K	0.00	173.23	2	0	459	52
2024-09-25	$23.45	$21.00	6.3%	1.8%	3.2%	6.6%	0.0%	-0.4%	2.6%	64.9K	-385.3K	-1.3K	0.00	160.61	3	0	459	52
2024-09-26	$23.44	$21.00	5.9%	1.7%	3.2%	5.3%	0.0%	-0.4%	3.8%	65.9K	-374.0K	-1.3K	0.00	169.36	0	0	460	52
2024-09-27	$23.51	$21.00	29.2%	8.4%	3.3%	66.0%	0.0%	-0.8%	0.4%	65.3K	-401.6K	-1.3K	0.00	160.39	0	0	460	52
2024-09-30	$23.44	$21.00	18.2%	5.2%	3.5%	37.4%	9.2%	2.9%	-19.4%	64.8K	-374.1K	-1.3K	0.00	168.35	0	1	460	52