GOVT Options History — June 2025

In June 2025, GOVT traded between $22.57 and $22.98. ATM implied volatility averaged 13.2%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 8.2% (HV 20d: 5.0%). 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 1.17.

Notable Days

2025-06-12: Highest Volume — 69 contracts
2025-06-17: Largest IV spike — 261.5% change
2025-06-09: Highest IV Rank — 51.9%
2025-06-02: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.75	$22.57	$22.98	$22.61	$22.98
Max Pain	$22.15	$22.00	$23.00	$23.00	$22.00
ATM IV	13.2%	4.5%	38.6%	30.3%	6.0%
Expected Move	2.9%	1.3%	8.7%	8.7%	1.7%
HV 20d	5.0%	4.6%	5.3%	4.8%	4.8%
HV 60d	5.6%	5.5%	5.7%	5.6%	5.6%
IV Rank	14.3%	1.5%	51.9%	39.5%	3.7%
IV Percentile	46.1%	2.8%	96.8%	94.0%	20.6%
Term Structure	0.6%	-1.0%	4.4%	2.0%	-0.2%
VWIV	5.8%	5.2%	6.3%	6.3%	6.0%
Skew 25d	2.5%	-2.0%	10.9%	2.7%	6.6%
Skew 10d	1.5%	-2.7%	9.6%	1.6%	9.6%
Call IV 25d	6.3%	4.3%	7.2%	6.5%	7.1%
Put IV 25d	8.9%	4.5%	17.5%	9.2%	13.7%
Bid-Ask Spread %	116.95	66.47	145.59	119.38	114.87
Gamma HHI	0.45	0.26	0.76	0.28	0.68
Net GEX	43.8K	7.7K	89.7K	37.4K	30.5K
Net DEX	-37.9K	-206.6K	98.0K	-54.9K	-61.7K
Net VEX	-2.5K	-3.1K	-1.9K	-3.1K	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.17	0.00	5.00	0.00	0.45
Total Volume	13.15	0	69	10	16
Total OI	1,557.3	689	1,979	1,853	709

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
2025-06-02	$22.61	$23.00	30.3%	8.7%	4.8%	39.5%	0.0%	2.7%	2.0%	37.4K	-54.9K	-3.1K	0.00	119.38	10	0	1,174	679
2025-06-03	$22.61	$23.00	27.3%	7.8%	4.8%	35.1%	0.0%	2.4%	1.9%	39.6K	-60.4K	-3.1K	0.57	111.93	14	8	1,182	674
2025-06-04	$22.73	$23.00	4.5%	1.3%	5.2%	1.5%	0.0%	2.7%	3.3%	89.7K	-6.5K	-2.3K	2.50	66.47	4	10	1,185	679
2025-06-05	$22.70	$22.00	13.6%	1.7%	5.2%	14.9%	0.0%	-1.2%	0.0%	47.7K	-74.2K	-2.7K	1.48	100.46	21	31	1,187	689
2025-06-06	$22.57	$22.00	23.8%	1.4%	5.3%	29.9%	0.0%	0.2%	1.8%	28.3K	59.2K	-2.9K	5.00	112.83	1	5	1,196	720
2025-06-09	$22.61	$22.00	38.6%	1.9%	5.3%	51.9%	0.0%	-1.8%	-0.4%	33.8K	29.1K	-3.0K	0.00	93.21	1	0	1,197	725
2025-06-10	$22.63	$22.00	11.2%	1.6%	5.1%	11.4%	0.0%	-2.0%	-0.3%	34.6K	98.0K	-2.4K	1.00	119.79	1	1	1,198	725
2025-06-11	$22.70	$22.00	23.9%	6.9%	5.2%	30.2%	0.0%	9.4%	0.1%	46.7K	-46.6K	-2.8K	1.00	139.72	1	1	1,198	724
2025-06-12	$22.77	$22.00	6.2%	1.8%	5.2%	4.0%	6.3%	-0.8%	-0.2%	54.3K	-152.4K	-2.9K	0.00	123.01	69	0	1,199	723
2025-06-13	$22.70	$22.00	6.0%	1.7%	5.1%	3.8%	0.0%	-1.1%	4.4%	62.2K	-109.7K	-2.9K	0.00	121.59	3	0	1,241	723
2025-06-16	$22.66	$22.00	7.1%	2.0%	5.1%	5.3%	0.0%	-1.8%	-1.0%	52.2K	-39.9K	-2.6K	5.00	120.99	2	10	1,244	723
2025-06-17	$22.73	$22.00	25.6%	7.3%	5.2%	32.7%	0.0%	10.9%	-0.3%	63.3K	-206.6K	-2.8K	0.00	145.59	0	0	1,247	732
2025-06-18	$22.74	$22.00	5.7%	1.6%	5.2%	3.3%	0.0%	-1.4%	-0.4%	65.9K	-119.0K	-2.5K	0.00	123.13	0	0	1,247	732
2025-06-20	$22.77	$22.00	6.4%	1.8%	4.8%	4.2%	0.0%	-0.7%	-0.3%	86.9K	-21.8K	-2.1K	0.11	115.94	19	2	1,247	732
2025-06-23	$22.82	$22.00	5.7%	1.6%	4.8%	3.3%	6.1%	0.2%	0.1%	7.7K	51.2K	-1.9K	0.00	127.63	18	0	310	379
2025-06-24	$22.88	$22.00	5.8%	1.7%	4.8%	3.4%	0.0%	6.4%	0.6%	19.2K	-612	-1.9K	0.00	113.10	3	0	325	379
2025-06-25	$22.88	$22.00	5.5%	1.6%	4.7%	3.0%	5.6%	6.6%	0.2%	22.3K	-3.5K	-1.9K	0.00	119.96	6	0	327	379
2025-06-26	$22.94	$22.00	5.2%	1.5%	4.6%	2.5%	5.2%	6.7%	0.7%	30.3K	-33.7K	-1.9K	0.00	133.73	1	0	329	379
2025-06-27	$22.89	$22.00	5.8%	1.6%	4.7%	3.3%	5.8%	6.9%	0.2%	22.9K	-4.4K	-1.9K	4.00	115.59	1	4	329	379
2025-06-30	$22.98	$22.00	6.0%	1.7%	4.8%	3.7%	6.0%	6.6%	-0.2%	30.5K	-61.7K	-1.9K	0.45	114.87	11	5	330	379