IGF Options History — December 2019

In December 2019, IGF traded between $46.38 and $48.10. ATM implied volatility averaged 28.5%, placing in the 33.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 21.9% (HV 20d: 6.6%). Max pain ranged from $47.00 to $48.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2019-12-11: Largest IV drop — 45.9% change
  • 2019-12-10: Highest IV Rank — 54.9%
  • 2019-12-04: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.38$46.38$48.10$46.40$47.90
Max Pain$47.33$47.00$48.00$47.00$48.00
ATM IV28.5%22.4%41.4%32.8%29.1%
Expected Move7.3%6.4%10.1%9.4%8.3%
HV 20d6.6%6.0%7.1%6.2%6.1%
HV 60d7.7%6.9%8.0%8.0%6.9%
IV Rank33.9%24.1%54.9%40.9%34.9%
IV Percentile84.0%73.8%98.0%94.0%87.7%
Term Structure-4.5%-26.1%40.8%-12.4%-9.5%
Skew 25d-6.9%-30.7%15.1%-4.1%-20.9%
Skew 10d-8.1%-33.3%18.5%-18.5%-17.6%
Call IV 25d24.5%10.3%40.1%21.4%31.1%
Put IV 25d17.6%6.9%27.7%17.3%10.2%
Bid-Ask Spread %184.30173.03194.84187.35178.81
Gamma HHI0.690.531.000.601.00
Net GEX3.4K2.7K4.9K3.5K2.7K
Net DEX-28.1K-36.1K-21.2K-21.2K-27.3K
Net VEX-105-117-83-106-83
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI13.85711151511

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$46.40$0.0032.8%9.4%6.2%40.9%0.0%-4.1%-12.4%3.5K-21.2K-1060.00187.3500150
2019-12-03$46.38$0.0033.7%9.7%6.1%42.5%0.0%-17.3%-14.1%3.2K-23.4K-1130.00186.7500150
2019-12-04$46.66$0.0035.2%10.1%6.2%44.9%0.0%-30.7%-26.1%3.4K-25.3K-1170.00194.8400150
2019-12-05$46.69$47.0036.4%6.5%6.2%46.8%0.0%3.0%-5.4%3.3K-25.9K-1160.00188.3300150
2019-12-06$46.93$47.0036.0%6.4%6.0%46.2%0.0%-9.3%-5.8%4.9K-23.7K-1100.00173.0300150
2019-12-09$46.83$47.0039.8%6.5%6.1%52.3%0.0%1.6%-6.5%3.4K-26.7K-1140.00188.9500150
2019-12-10$47.00$47.0041.4%6.5%6.2%54.9%0.0%9.7%-6.4%3.4K-28.2K-1140.00188.8100150
2019-12-11$47.36$47.0022.4%6.4%6.7%24.1%0.0%15.1%-6.3%3.6K-31.2K-1160.00187.8000150
2019-12-12$47.46$47.0022.7%6.5%6.6%24.6%0.0%9.0%-6.3%3.7K-31.9K-1160.00188.2600150
2019-12-13$47.69$47.0023.6%6.8%6.7%26.0%0.0%5.3%-7.2%3.9K-33.9K-1160.00184.9100150
2019-12-16$47.40$47.0022.9%6.6%6.7%25.0%0.0%-1.1%-8.0%3.6K-31.5K-1120.00187.3800150
2019-12-17$47.58$47.0023.2%6.6%6.8%25.4%0.0%-0.4%-8.6%3.6K-33.0K-1120.00186.0000150
2019-12-18$47.65$47.0023.1%6.6%6.8%25.3%0.0%-11.4%-8.4%3.9K-33.5K-1110.00184.1700150
2019-12-19$47.65$47.0024.0%6.9%6.7%26.7%0.0%-0.5%-9.2%3.7K-33.6K-1100.00183.6600150
2019-12-20$47.94$47.0023.1%6.6%6.8%25.2%0.0%0.3%-8.9%3.8K-36.1K-1100.00182.9700150
2019-12-23$47.80$48.0024.1%6.9%7.0%26.8%0.0%-22.6%40.8%2.7K-23.8K-870.00178.8700110
2019-12-24$47.78$48.0024.5%7.0%7.0%27.5%0.0%-22.0%40.8%2.8K-23.6K-860.00182.4800110
2019-12-26$47.95$48.0025.2%7.2%7.0%28.6%0.0%-4.3%-8.2%2.9K-24.7K-850.00179.2600110
2019-12-27$48.10$48.0026.4%7.6%7.1%30.5%0.0%-24.0%-9.3%3.0K-25.6K-850.00179.8300110
2019-12-30$47.80$48.0028.2%8.1%7.0%33.6%0.0%-20.5%-9.1%2.9K-26.6K-840.00177.9100110
2019-12-31$47.90$48.0029.1%8.3%6.1%34.9%0.0%-20.9%-9.5%2.7K-27.3K-830.00178.8100110