GOVT Options History — December 2024

In December 2024, GOVT traded between $22.40 and $22.96. ATM implied volatility averaged 9.5%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 4.7% (HV 20d: 4.8%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.14.

Notable Days

2024-12-24: Highest Volume — 200 contracts
2024-12-30: Largest IV spike — 108.8% change
2024-12-17: Highest IV Rank — 37.4%
2024-12-17: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.66	$22.40	$22.96	$22.89	$22.47
Max Pain	$23.00	$23.00	$23.00	$23.00	$23.00
ATM IV	9.5%	3.5%	21.9%	6.2%	12.8%
Expected Move	2.8%	1.5%	6.3%	1.8%	3.7%
HV 20d	4.8%	4.1%	5.6%	5.4%	4.6%
HV 60d	4.9%	4.7%	5.1%	4.7%	4.9%
IV Rank	12.0%	0.0%	37.4%	4.9%	18.9%
IV Percentile	48.6%	0.0%	95.2%	17.1%	79.4%
Term Structure	-1.7%	-14.0%	24.2%	24.2%	-13.5%
VWIV	13.0%	4.0%	28.0%	14.4%	28.0%
Skew 25d	-1.3%	-34.8%	11.1%	11.1%	-34.8%
Skew 10d	2.0%	-0.9%	14.4%	14.4%	0.0%
Call IV 25d	8.2%	4.3%	42.2%	7.0%	42.2%
Put IV 25d	6.9%	4.3%	18.9%	18.1%	7.4%
Bid-Ask Spread %	112.95	66.22	140.97	133.67	98.60
Gamma HHI	0.64	0.37	0.85	0.79	0.83
Net GEX	81.6K	17.0K	169.7K	117.7K	77.0K
Net DEX	-65.6K	-172.1K	41.8K	-107.2K	-94.4K
Net VEX	-756	-1.0K	-414	-792	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.00	9.00	0.00	0.38
Total Volume	18.333	0	200	2	18
Total OI	727.333	349	838	794	589

Daily Data (21 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
2024-12-02	$22.89	$23.00	6.2%	1.8%	5.4%	4.9%	0.0%	11.1%	24.2%	117.7K	-107.2K	-792	0.00	133.67	2	0	625	169
2024-12-03	$22.84	$23.00	6.9%	2.0%	5.3%	6.3%	0.0%	0.0%	-0.9%	106.1K	-96.0K	-827	0.00	116.49	0	0	627	169
2024-12-04	$22.91	$23.00	10.2%	2.9%	5.3%	13.0%	14.4%	6.1%	-8.6%	131.7K	-117.4K	-874	0.00	126.61	45	0	627	169
2024-12-05	$22.93	$23.00	5.8%	1.7%	4.4%	4.1%	5.9%	0.0%	0.1%	148.3K	-148.7K	-894	1.33	127.15	6	8	647	169
2024-12-06	$22.96	$23.00	5.4%	1.7%	4.2%	3.3%	0.0%	0.3%	0.3%	166.3K	-172.1K	-941	0.00	112.54	0	0	651	169
2024-12-09	$22.91	$23.00	5.6%	1.8%	4.3%	3.7%	6.1%	0.0%	-0.1%	152.0K	-129.8K	-850	0.20	116.63	10	2	651	169
2024-12-10	$22.88	$23.00	3.5%	1.5%	4.2%	0.0%	0.0%	-0.1%	0.8%	169.7K	-45.7K	-724	0.00	122.08	3	0	651	171
2024-12-11	$22.81	$23.00	5.9%	1.7%	4.1%	4.9%	0.0%	-0.4%	-0.1%	118.2K	-28.6K	-658	0.00	140.97	4	0	654	171
2024-12-12	$22.74	$23.00	11.6%	3.3%	4.3%	16.4%	19.4%	-7.7%	2.6%	47.8K	-127.3K	-940	0.00	133.28	1	0	658	171
2024-12-13	$22.66	$23.00	12.5%	3.6%	4.5%	18.3%	0.0%	0.9%	2.5%	53.7K	-37.8K	-703	1.00	126.01	3	3	658	171
2024-12-16	$22.68	$23.00	21.1%	6.0%	4.5%	35.7%	4.0%	0.1%	2.5%	51.8K	-59.3K	-681	0.00	124.12	1	0	661	173
2024-12-17	$22.68	$23.00	21.9%	6.3%	4.5%	37.4%	0.0%	-0.1%	2.5%	48.6K	-66.8K	-663	0.00	132.19	0	0	661	173
2024-12-18	$22.49	$23.00	8.0%	2.3%	5.3%	9.2%	0.0%	-0.1%	-4.9%	40.5K	-37.7K	-639	7.00	109.59	1	7	661	173
2024-12-19	$22.41	$23.00	7.7%	2.2%	5.4%	8.5%	0.0%	-0.6%	-4.6%	30.3K	25.2K	-511	9.00	123.06	1	9	662	169
2024-12-20	$22.48	$23.00	8.0%	2.3%	5.6%	9.1%	0.0%	0.1%	-4.6%	17.0K	41.8K	-420	0.50	96.75	8	4	662	176
2024-12-23	$22.41	$23.00	7.7%	2.2%	5.6%	8.5%	0.0%	-1.3%	-4.3%	17.1K	27.9K	-414	0.00	112.44	5	0	275	74
2024-12-24	$22.41	$23.00	10.6%	3.0%	4.7%	14.4%	0.0%	-1.9%	-10.1%	17.9K	25.7K	-435	0.00	94.86	200	0	278	74
2024-12-26	$22.44	$23.00	7.6%	2.2%	4.8%	8.3%	0.0%	0.5%	-3.6%	68.3K	-76.8K	-937	0.00	70.03	3	0	478	74
2024-12-27	$22.40	$23.00	6.6%	1.9%	4.6%	6.2%	28.0%	-0.7%	-1.6%	65.1K	-61.7K	-933	0.00	66.22	0	7	481	74
2024-12-30	$22.48	$23.00	13.7%	3.9%	4.6%	20.7%	0.0%	1.5%	-14.0%	69.0K	-90.6K	-1.0K	0.00	88.75	34	0	481	78
2024-12-31	$22.47	$23.00	12.8%	3.7%	4.6%	18.9%	0.0%	-34.8%	-13.5%	77.0K	-94.4K	-1.0K	0.38	98.60	13	5	511	78