GOVT Options History — November 2024

In November 2024, GOVT traded between $22.59 and $22.94. ATM implied volatility averaged 14.0%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 8.5% (HV 20d: 5.5%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.64.

Notable Days

2024-11-08: Highest Volume — 99 contracts
2024-11-06: Largest IV spike — 244.1% change
2024-11-11: Highest IV Rank — 100.0%
2024-11-01: Largest Expected Move — 2.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.71	$22.59	$22.94	$22.66	$22.94
Max Pain	$22.50	$22.00	$23.00	$22.00	$23.00
ATM IV	14.0%	4.6%	52.5%	10.2%	6.2%
Expected Move	1.9%	1.3%	2.9%	2.9%	1.8%
HV 20d	5.5%	4.5%	6.1%	4.5%	6.1%
HV 60d	4.6%	4.4%	4.8%	4.4%	4.7%
IV Rank	23.7%	1.6%	100.0%	16.5%	4.9%
IV Percentile	45.5%	1.6%	100.0%	73.8%	16.7%
Term Structure	1.2%	-3.5%	7.0%	-2.2%	0.5%
VWIV	9.8%	4.6%	23.3%	10.2%	6.7%
Skew 25d	1.9%	-3.6%	10.2%	-2.0%	10.2%
Skew 10d	1.9%	-3.0%	13.3%	-3.0%	13.3%
Call IV 25d	6.4%	3.3%	10.3%	10.3%	6.6%
Put IV 25d	8.3%	4.6%	16.8%	8.3%	16.8%
Bid-Ask Spread %	121.66	92.25	146.86	104.68	133.89
Gamma HHI	0.62	0.44	0.78	0.74	0.78
Net GEX	88.5K	48.5K	154.5K	120.8K	121.9K
Net DEX	-150.3K	-281.8K	-31.3K	-254.4K	-122.5K
Net VEX	-1.1K	-1.5K	-868	-1.4K	-922
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.64	0.00	20.00	0.63	0.00
Total Volume	19.85	1	99	52	1
Total OI	850.45	771	981	796	796

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
2024-11-01	$22.66	$22.00	10.2%	2.9%	4.5%	16.5%	10.2%	-2.0%	-2.2%	120.8K	-254.4K	-1.4K	0.63	104.68	32	20	718	78
2024-11-04	$22.77	$23.00	10.1%	2.4%	4.9%	16.4%	0.0%	2.5%	1.1%	147.7K	-266.9K	-1.5K	0.00	97.69	34	0	750	98
2024-11-05	$22.80	$23.00	10.6%	2.3%	4.9%	17.7%	6.1%	-0.5%	-3.5%	154.5K	-281.8K	-1.5K	4.54	92.25	13	59	745	98
2024-11-06	$22.62	$23.00	36.6%	2.6%	5.6%	85.1%	10.2%	-3.6%	-3.1%	96.8K	-226.6K	-1.4K	0.07	115.61	54	4	752	143
2024-11-07	$22.71	$23.00	14.9%	1.9%	5.8%	28.7%	0.0%	-1.5%	-0.1%	104.4K	-204.7K	-1.2K	0.00	124.82	11	0	706	144
2024-11-08	$22.76	$23.00	42.1%	1.7%	5.9%	99.4%	6.1%	-0.5%	0.8%	97.5K	-262.4K	-1.2K	0.01	127.17	98	1	717	144
2024-11-11	$22.71	$23.00	52.5%	1.4%	5.9%	100.0%	5.6%	-1.1%	7.0%	106.5K	-250.1K	-1.4K	0.17	146.86	6	1	815	145
2024-11-12	$22.62	$23.00	29.6%	2.0%	5.7%	52.8%	23.3%	-2.8%	-0.4%	94.3K	-145.0K	-1.2K	0.33	109.52	3	1	811	145
2024-11-13	$22.59	$22.00	4.9%	1.4%	5.6%	2.3%	0.0%	1.4%	2.4%	73.0K	-202.3K	-1.1K	20.00	128.74	1	20	814	146
2024-11-14	$22.62	$22.00	5.1%	1.5%	5.5%	2.6%	0.0%	-0.3%	2.7%	66.6K	-249.0K	-1.3K	0.00	120.81	2	0	815	165
2024-11-15	$22.63	$22.00	4.6%	1.3%	5.5%	1.6%	8.3%	4.6%	6.6%	49.3K	-37.2K	-939	0.50	124.91	8	4	816	165
2024-11-18	$22.63	$22.00	5.9%	1.7%	5.1%	4.3%	0.0%	1.1%	5.5%	48.6K	-31.3K	-907	0.00	126.64	5	0	607	164
2024-11-19	$22.68	$22.00	7.3%	2.1%	5.2%	7.1%	7.4%	-1.8%	-0.6%	53.7K	-44.6K	-905	0.00	130.51	2	0	612	164
2024-11-20	$22.66	$22.00	6.5%	1.9%	5.2%	5.6%	0.0%	1.1%	2.7%	51.3K	-53.9K	-980	0.00	125.86	4	0	618	164
2024-11-21	$22.63	$22.00	6.7%	1.9%	5.2%	6.0%	4.6%	0.9%	1.9%	48.5K	-42.8K	-967	0.00	126.17	3	0	622	164
2024-11-22	$22.64	$22.00	6.4%	1.8%	5.2%	5.2%	0.0%	2.1%	3.2%	50.0K	-57.1K	-979	0.00	125.89	1	0	624	164
2024-11-25	$22.82	$22.00	6.4%	1.8%	5.9%	5.4%	6.4%	9.3%	-0.3%	94.7K	-97.9K	-887	5.00	125.25	1	5	625	164
2024-11-26	$22.80	$23.00	6.9%	2.0%	6.0%	6.2%	0.0%	9.3%	-0.8%	89.4K	-81.2K	-868	0.00	116.39	1	0	626	169
2024-11-27	$22.86	$23.00	6.6%	1.9%	6.0%	5.8%	22.2%	9.6%	0.2%	99.6K	-94.2K	-885	0.00	129.46	2	0	627	169
2024-11-29	$22.94	$23.00	6.2%	1.8%	6.1%	4.9%	6.7%	10.2%	0.5%	121.9K	-122.5K	-922	0.00	133.89	0	1	627	169