GOVT Options History — October 2025

In October 2025, GOVT traded between $23.04 and $23.36. ATM implied volatility averaged 7.9%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 4.6% (HV 20d: 3.2%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.21.

Notable Days

  • 2025-10-29: Highest Volume — 142 contracts
  • 2025-10-14: Largest IV spike — 759.9% change
  • 2025-10-14: Highest IV Rank — 94.5%
  • 2025-10-28: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.21$23.04$23.36$23.09$23.19
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV7.9%3.0%67.5%3.7%4.4%
Expected Move1.5%0.9%7.4%1.1%1.3%
HV 20d3.2%2.5%3.7%3.4%3.6%
HV 60d3.7%3.4%3.9%3.9%3.6%
IV Rank7.1%0.0%94.5%0.3%2.1%
IV Percentile18.7%0.0%99.6%2.0%13.5%
Term Structure-1.7%-44.5%1.4%0.1%-0.8%
VWIV7.9%3.9%20.1%5.4%3.9%
Skew 25d-0.2%-7.8%3.7%-3.3%-1.3%
Skew 10d1.8%-3.5%11.1%-0.1%7.3%
Call IV 25d5.7%4.5%14.4%6.8%6.4%
Put IV 25d5.5%3.4%9.4%3.4%5.1%
Bid-Ask Spread %139.3796.13174.33106.45158.57
Gamma HHI0.550.450.660.620.48
Net GEX60.3K41.1K102.8K41.7K83.5K
Net DEX-424.0K-527.0K-350.3K-372.3K-455.3K
Net VEX-1.2K-1.9K-772-887-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.0020.001.200.00
Total Volume18.870142114
Total OI524.087397819397819

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$23.09$23.003.7%1.1%3.4%0.3%0.0%-3.3%0.1%41.7K-372.3K-8871.20106.455635047
2025-10-02$23.13$23.003.5%1.0%3.4%0.1%0.0%-0.7%0.4%44.7K-392.8K-8590.00109.555035353
2025-10-03$23.09$23.003.1%0.9%2.8%0.0%0.0%-7.8%0.6%44.7K-383.1K-8680.0096.135035153
2025-10-06$23.04$23.003.0%1.5%2.6%0.0%0.0%0.5%-0.1%41.1K-355.2K-8890.00127.424035653
2025-10-07$23.09$23.003.8%1.4%2.6%1.2%0.0%0.5%0.0%44.6K-368.3K-8650.00127.312035353
2025-10-08$23.09$23.003.0%1.4%2.5%0.1%0.0%0.4%0.2%44.0K-365.0K-8680.00111.940035153
2025-10-09$23.07$23.004.1%1.4%2.5%1.6%0.0%0.4%0.6%42.1K-350.3K-8550.00130.511035153
2025-10-10$23.20$23.005.9%1.6%3.2%4.2%5.4%0.9%-0.0%44.9K-398.4K-8270.60132.275335253
2025-10-13$23.20$23.007.8%1.5%3.2%7.1%0.0%0.7%-0.0%45.9K-412.0K-1.1K0.00134.707035456
2025-10-14$23.26$23.0067.5%1.3%3.3%94.5%0.0%0.2%0.2%45.3K-403.0K-7720.00142.2320035056
2025-10-15$23.23$23.005.8%1.7%3.4%4.2%5.8%0.9%-0.2%48.1K-389.3K-8580.50154.972136756
2025-10-16$23.31$23.004.5%1.3%3.4%2.2%0.0%-0.4%-0.9%46.8K-430.9K-8240.00156.3022036757
2025-10-17$23.27$23.004.0%1.1%3.4%1.5%0.0%-0.4%-0.4%52.9K-458.1K-8730.20156.6610239457
2025-10-20$23.30$23.004.6%1.3%3.4%2.4%0.0%-1.1%-1.2%53.5K-433.9K-88720.00154.4812038245
2025-10-21$23.34$23.003.8%1.1%3.4%1.1%0.0%-0.3%1.2%48.6K-431.7K-9600.00155.600038361
2025-10-22$23.36$23.003.7%1.1%3.3%1.1%0.0%-0.2%1.4%49.9K-430.9K-9000.00155.60100038461
2025-10-23$23.30$23.003.6%1.0%3.4%0.8%20.1%-0.6%1.2%102.0K-527.0K-1.8K0.00141.741068461
2025-10-24$23.30$23.003.6%1.0%3.4%0.9%4.1%-0.5%1.1%99.7K-515.6K-1.8K0.00149.362068561
2025-10-27$23.30$23.004.3%1.2%3.3%1.9%0.0%3.3%0.0%98.5K-525.7K-1.7K1.67140.53122068661
2025-10-28$23.32$23.0025.9%7.4%3.3%33.6%0.0%-0.1%-44.5%102.8K-488.9K-1.8K0.00174.330068381
2025-10-29$23.21$23.003.3%0.9%3.7%0.5%3.9%1.1%1.4%85.9K-434.1K-1.7K0.00126.57142068381
2025-10-30$23.20$23.004.1%1.2%3.7%1.6%0.0%3.7%0.0%75.5K-430.3K-1.8K0.00162.3832072381
2025-10-31$23.19$23.004.4%1.3%3.6%2.1%0.0%-1.3%-0.8%83.5K-455.3K-1.9K0.00158.574073881