IGF Options History — April 2020

In April 2020, IGF traded between $32.04 and $37.55. ATM implied volatility averaged 44.9%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 26.6% (HV 20d: 71.5%). Max pain ranged from $30.00 to $42.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-04-01: Highest Volume — 10 contracts
  • 2020-04-08: Largest IV drop — 32.0% change
  • 2020-04-01: Highest IV Rank — 54.5%
  • 2020-04-01: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.41$32.04$37.55$32.06$36.94
Max Pain$32.24$30.00$42.00$42.00$30.00
ATM IV44.9%32.5%64.3%64.3%40.5%
Expected Move12.4%9.3%18.4%18.4%11.6%
HV 20d71.5%41.3%98.5%96.9%41.3%
HV 60d62.5%59.1%64.1%59.1%64.1%
IV Rank35.9%24.0%54.5%54.5%31.6%
IV Percentile87.6%75.0%95.2%95.2%82.5%
Term Structure-6.9%-21.0%-0.8%-21.0%-7.4%
VWIV49.3%46.4%52.2%46.4%52.2%
Skew 25d4.9%-16.8%18.1%6.6%1.1%
Skew 10d9.6%-13.8%18.8%4.0%3.2%
Call IV 25d41.3%32.2%64.6%64.6%38.2%
Put IV 25d46.2%30.4%71.2%71.2%39.4%
Bid-Ask Spread %136.25119.74148.67127.59142.34
Gamma HHI0.580.390.780.450.61
Net GEX5.3K-2648.8K-2648.8K
Net DEX-59.9K-206.4K116.4K116.4K-185.2K
Net VEX-735-1.0K-36-36-947
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.238010100
Total OI152.476106227122110

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$32.06$42.0064.3%18.4%96.9%54.5%0.0%6.6%-21.0%-264116.4K-360.00127.591008339
2020-04-02$33.01$35.0051.6%13.6%98.4%42.3%0.0%9.2%-7.6%799111.6K-590.00119.74009339
2020-04-03$32.04$35.0052.3%12.5%98.5%43.0%0.0%7.7%-1.8%734110.8K-520.00125.61009339
2020-04-06$33.91$35.0046.2%10.7%98.0%37.2%0.0%5.9%-3.7%1.3K113.6K-550.00131.44109339
2020-04-07$34.32$35.0059.8%13.0%98.2%50.1%46.4%6.9%-6.0%1.4K111.5K-600.00133.91209439
2020-04-08$34.87$35.0040.6%11.6%97.6%31.8%0.0%5.4%-3.8%5.5K-17.7K-9410.00138.450018639
2020-04-09$36.70$35.0040.7%11.7%86.5%31.8%0.0%8.1%-3.0%4.6K-54.6K-1.0K0.00135.094018639
2020-04-13$36.11$35.0041.4%11.9%85.6%32.6%0.0%-3.4%-8.6%5.8K-43.5K-9880.00141.280218639
2020-04-14$37.00$30.0039.9%11.4%73.5%31.1%0.0%6.5%-2.0%5.0K-63.7K-1.0K0.00141.100018641
2020-04-15$35.79$30.0041.2%11.8%73.9%32.4%0.0%-6.3%-11.0%6.2K-33.6K-9510.00144.270018641
2020-04-16$35.45$30.0041.0%11.8%66.2%32.2%0.0%6.5%-5.1%7.6K-17.4K-9110.00127.260018641
2020-04-17$36.68$30.0032.5%9.3%66.8%24.0%0.0%4.5%-0.8%8.0K-44.0K-9590.00130.520118641
2020-04-20$35.88$30.0039.6%11.4%67.2%30.8%0.0%18.1%-3.7%7.6K-156.9K-9300.00122.68001042
2020-04-21$35.01$30.0049.4%14.2%63.0%40.2%0.0%3.6%-16.9%5.8K-148.1K-9000.00142.07001042
2020-04-22$35.75$30.0046.0%13.2%52.6%36.9%0.0%8.4%-7.3%6.1K-165.0K-9270.00148.67001042
2020-04-23$35.52$30.0044.2%12.7%48.7%35.2%0.0%6.3%-5.6%6.3K-157.0K-9150.00144.53001042
2020-04-24$35.88$30.0042.9%12.3%47.2%34.0%0.0%8.9%-3.8%6.6K-163.8K-9170.00144.01001042
2020-04-27$36.39$30.0044.8%12.8%47.0%35.8%0.0%10.4%-8.0%7.3K-173.3K-9300.00141.44501042
2020-04-28$36.81$30.0043.3%12.4%47.1%34.3%0.0%-16.8%-9.4%7.8K-190.8K-9570.00140.33001092
2020-04-29$37.55$30.0041.5%11.9%47.3%32.6%52.2%6.2%-8.1%8.6K-206.4K-9750.00138.93101092
2020-04-30$36.94$30.0040.5%11.6%41.3%31.6%0.0%1.1%-7.4%8.8K-185.2K-9470.00142.34001082