IGF Options History — March 2015

In March 2015, IGF traded between $40.28 and $42.44. ATM implied volatility averaged 15.0%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 1.3% (HV 20d: 16.2%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days.

Notable Days

  • 2015-03-26: Highest Volume — 36 contracts
  • 2015-03-23: Largest IV spike — 34.7% change
  • 2015-03-10: Highest IV Rank — 9.5%
  • 2015-03-31: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.50$40.28$42.44$42.09$41.79
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV15.0%10.4%21.0%16.4%19.2%
Expected Move4.0%3.0%5.5%4.7%5.5%
HV 20d16.2%12.8%18.7%16.4%18.5%
HV 60d15.8%15.1%16.4%15.1%16.2%
IV Rank5.7%2.8%9.5%6.6%8.4%
IV Percentile46.5%19.8%67.5%56.3%65.9%
Term Structure6.6%-6.4%18.7%-6.0%-4.5%
VWIV15.5%12.9%18.0%12.9%18.0%
Skew 25d2.7%1.3%8.3%2.3%1.6%
Skew 10d2.8%0.0%8.1%1.8%1.2%
Call IV 25d13.3%10.0%17.7%15.4%17.7%
Put IV 25d16.0%13.2%19.8%17.8%19.3%
Bid-Ask Spread %134.02125.31152.47143.59135.36
Gamma HHI0.340.290.450.340.29
Net GEX-8.8K-11.0K-5.5K-8.5K-10.1K
Net DEX92.7K75.1K118.6K81.8K87.3K
Net VEX-110-146-85-146-96
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume12.1820363136
Total OI34.40931363136

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$42.09$0.0016.4%4.7%16.4%6.6%0.0%2.3%-6.0%-8.5K81.8K-1460.00143.59031031
2015-03-03$42.01$0.0017.6%5.0%15.8%7.4%0.0%6.2%-6.4%-9.4K79.1K-1400.00137.20031031
2015-03-04$41.71$0.0015.6%4.5%15.6%6.1%0.0%3.0%-0.7%-7.7K87.1K-1330.00152.47031031
2015-03-05$41.77$44.0015.8%3.5%14.8%6.2%12.9%2.6%13.6%-7.8K88.0K-1240.00125.31031031
2015-03-06$40.82$44.0019.3%3.6%16.0%8.4%13.0%1.9%18.7%-6.7K98.9K-1040.00125.85031031
2015-03-09$40.89$44.0018.5%3.5%14.6%7.9%0.0%1.3%15.2%-6.8K99.3K-980.00130.2100031
2015-03-10$40.37$44.0021.0%4.2%14.9%9.5%14.7%2.0%12.1%-5.5K101.9K-910.00128.2705031
2015-03-11$40.28$44.0013.8%4.0%13.5%4.9%0.0%1.7%11.9%-7.0K114.0K-1060.00127.9300036
2015-03-12$40.73$44.0012.3%3.5%13.8%4.0%0.0%3.0%15.6%-8.1K106.7K-1170.00128.3800036
2015-03-13$40.32$44.0012.6%3.6%12.8%4.2%0.0%1.3%14.0%-6.7K118.6K-850.00126.1300036
2015-03-16$40.81$44.0012.3%3.5%13.8%4.0%0.0%2.6%15.6%-8.5K106.5K-1050.00129.7100036
2015-03-17$41.01$44.0012.9%3.7%14.0%4.4%0.0%1.7%13.5%-9.1K105.0K-1040.00127.2000036
2015-03-18$42.00$44.0010.4%3.0%16.6%2.8%0.0%4.4%14.4%-10.9K90.1K-940.00126.7800036
2015-03-19$41.41$44.0012.0%3.4%17.1%3.8%0.0%1.9%14.8%-9.0K98.2K-1050.00131.3900036
2015-03-20$42.26$44.0010.4%3.0%18.6%2.8%0.0%3.2%17.7%-11.0K80.8K-1140.00129.0700036
2015-03-23$42.44$44.0014.0%4.0%18.7%5.1%0.0%1.9%-2.7%-10.5K75.1K-1240.00146.4900036
2015-03-24$42.25$44.0013.6%3.9%18.4%4.8%0.0%3.1%-1.6%-10.5K80.2K-1170.00143.3700036
2015-03-25$42.05$44.0014.0%4.0%18.5%5.0%0.0%1.7%-1.5%-10.1K84.1K-1130.00142.6500036
2015-03-26$41.75$44.0015.4%4.4%18.2%6.0%17.9%3.0%-3.4%-9.2K92.1K-1050.00135.94036036
2015-03-27$41.97$44.0014.3%4.1%18.2%5.3%0.0%8.3%-0.9%-10.2K86.5K-1040.00141.2500036
2015-03-30$42.17$44.0017.8%5.1%18.2%7.5%16.5%1.4%-4.1%-11.0K79.2K-940.00133.90036036
2015-03-31$41.79$44.0019.2%5.5%18.5%8.4%18.0%1.6%-4.5%-10.1K87.3K-960.00135.36036036