IGF Options History — August 2014

In August 2014, IGF traded between $41.87 and $44.28. ATM implied volatility averaged 8.9%, placing in the 1.9% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded below realized volatility by 3.1% (HV 20d: 12.0%). Max pain ranged from $43.00 to $47.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-08-22: Highest Volume — 240 contracts
  • 2014-08-19: Largest IV drop — 23.6% change
  • 2014-08-06: Highest IV Rank — 4.1%
  • 2014-08-28: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.28$41.87$44.28$42.87$44.28
Max Pain$43.80$43.00$47.00$47.00$43.00
ATM IV8.9%6.4%12.4%10.6%6.6%
Expected Move3.3%2.8%3.9%3.0%3.8%
HV 20d12.0%9.4%13.3%10.8%9.4%
HV 60d9.9%9.1%10.1%9.1%9.8%
IV Rank1.9%0.3%4.1%2.9%0.4%
IV Percentile17.2%1.2%46.2%29.2%2.4%
Term Structure1.8%-0.4%5.0%0.1%4.5%
VWIV10.1%10.1%10.1%10.1%10.1%
Skew 25d2.4%0.1%5.7%1.5%2.6%
Skew 10d2.4%-0.5%5.3%1.7%4.3%
Call IV 25d7.7%6.1%9.5%9.1%8.5%
Put IV 25d10.1%6.7%13.4%10.6%11.1%
Bid-Ask Spread %105.2660.49148.12148.1262.44
Gamma HHI0.830.590.980.630.59
Net GEX77.3K-2.2K148.5K-1.8K3.7K
Net DEX-460.9K-864.2K3.3K-6.6K-780.6K
Net VEX-555-1.3K-50-99-50
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume26.095024000
Total OI156.811924219191

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$42.87$47.0010.6%3.0%10.8%2.9%0.0%1.5%0.1%-1.8K-6.6K-990.00148.1200613
2014-08-04$42.98$0.009.9%2.9%10.7%2.5%0.0%5.5%0.8%-2.0K-7.2K-950.00108.3800613
2014-08-05$42.29$0.0011.9%3.3%12.0%3.8%0.0%2.5%0.1%-2.1K-1.6K-1110.00128.6100613
2014-08-06$42.12$0.0012.4%3.5%11.9%4.1%0.0%4.0%-0.4%-2.0K876-1180.00114.1500613
2014-08-07$41.87$0.0011.3%3.2%12.0%3.4%0.0%5.7%0.4%-2.2K3.3K-1210.00118.8800613
2014-08-08$42.32$0.0011.8%3.3%12.8%3.7%0.0%3.7%0.3%-2.0K-1.7K-1090.00122.9700613
2014-08-11$42.67$0.0010.1%2.9%13.2%2.6%10.1%2.5%0.9%-1.9K-5.9K-930.00127.262230613
2014-08-12$42.83$43.009.6%2.9%13.3%2.3%0.0%3.1%0.7%111.3K-438.9K-1.3K0.00125.470022913
2014-08-13$43.00$43.009.6%2.8%12.9%2.3%0.0%3.3%0.6%123.1K-480.5K-1.3K0.00131.900022913
2014-08-14$43.22$43.009.7%2.8%12.7%2.3%0.0%1.6%0.7%124.1K-553.3K-1.3K0.00133.540022913
2014-08-15$43.42$43.009.6%2.8%12.3%2.3%0.0%2.9%0.7%121.3K-621.4K-1.2K0.00124.160022913
2014-08-18$43.50$0.008.9%3.6%12.4%1.8%0.0%2.7%1.5%133.4K-666.6K-1.1K0.00113.190022912
2014-08-19$43.71$0.006.8%3.3%12.4%0.5%0.0%2.5%1.6%130.5K-749.5K-9620.00114.000022912
2014-08-20$43.81$0.006.5%3.3%12.4%0.3%0.0%0.2%1.9%148.0K-817.4K-7750.00114.442022912
2014-08-21$43.91$0.006.4%3.3%12.3%0.3%0.0%0.1%1.8%142.0K-864.2K-5740.00114.820022712
2014-08-22$43.74$0.007.5%3.8%12.0%1.0%0.0%3.1%3.6%124.6K-723.6K-9400.0062.28240022712
2014-08-25$44.02$0.007.6%3.8%12.2%1.0%0.0%0.1%3.1%148.5K-793.0K-3290.0061.080019712
2014-08-26$43.90$0.007.6%3.7%12.1%1.0%0.0%1.7%4.6%91.3K-682.3K-7000.0062.8983019712
2014-08-27$44.16$0.006.5%3.7%12.0%0.3%0.0%0.7%4.8%127.1K-728.9K-2110.0060.490017912
2014-08-28$44.20$0.006.6%3.9%9.9%0.4%0.0%0.4%5.0%108.8K-758.6K-1450.0061.310017912
2014-08-29$44.28$0.006.6%3.8%9.4%0.4%0.0%2.6%4.5%3.7K-780.6K-500.0062.440017912