IGF Options History — January 2022

In January 2022, IGF traded between $46.23 and $48.21. ATM implied volatility averaged 19.8%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 10.3% (HV 20d: 9.6%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.12.

Notable Days

2022-01-20: Highest Volume — 127 contracts
2022-01-25: Largest IV spike — 31.6% change
2022-01-25: Highest IV Rank — 22.5%
2022-01-25: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.39	$46.23	$48.21	$47.75	$47.18
Max Pain	$43.05	$42.00	$44.00	$42.00	$43.00
ATM IV	19.8%	14.3%	27.5%	21.2%	20.9%
Expected Move	5.3%	4.1%	7.9%	6.1%	6.0%
HV 20d	9.6%	8.0%	12.2%	12.2%	11.8%
HV 60d	11.7%	11.4%	12.4%	11.8%	12.4%
IV Rank	12.3%	5.1%	22.5%	14.1%	13.8%
IV Percentile	48.8%	8.3%	89.3%	63.1%	62.7%
Term Structure	-0.8%	-4.6%	2.4%	-4.1%	2.1%
VWIV	29.6%	25.6%	34.8%	25.6%	34.8%
Skew 25d	3.1%	-7.5%	9.5%	-7.5%	6.7%
Skew 10d	11.1%	-10.8%	32.8%	-9.9%	9.5%
Call IV 25d	18.5%	12.2%	28.4%	24.0%	19.7%
Put IV 25d	21.6%	12.6%	37.9%	16.5%	26.4%
Bid-Ask Spread %	150.14	136.01	161.45	149.18	144.57
Gamma HHI	0.34	0.31	0.37	0.32	0.36
Net GEX	13.0K	10.2K	15.7K	13.4K	11.6K
Net DEX	-241.5K	-294.6K	-156.8K	-291.0K	-193.8K
Net VEX	-1.3K	-1.4K	-1.1K	-1.3K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.11	0.13	0.13	0.11
Total Volume	120.4	107	127	126	107
Total OI	121.8	111	131	131	111

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$47.75	$42.00	21.2%	6.1%	12.2%	14.1%	25.6%	-7.5%	-4.1%	13.4K	-291.0K	-1.3K	0.13	149.18	112	14	113	18
2022-01-04	$47.94	$44.00	17.2%	4.9%	10.4%	9.0%	28.3%	-5.3%	-2.1%	13.2K	-274.8K	-1.4K	0.13	155.06	112	14	108	18
2022-01-05	$47.73	$44.00	21.2%	6.1%	10.1%	14.2%	34.8%	1.2%	-3.4%	12.8K	-268.4K	-1.3K	0.13	156.18	112	14	108	18
2022-01-06	$47.47	$43.00	25.1%	5.4%	10.3%	19.3%	0.0%	3.2%	-1.8%	13.5K	-251.6K	-1.3K	0.13	150.15	112	14	108	18
2022-01-07	$47.72	$43.00	19.3%	4.2%	9.9%	11.7%	0.0%	5.1%	0.9%	13.7K	-266.0K	-1.3K	0.13	142.51	112	14	108	18
2022-01-10	$47.48	$43.00	23.9%	4.6%	10.1%	17.7%	0.0%	3.9%	-0.9%	13.3K	-257.0K	-1.3K	0.13	149.06	112	14	108	18
2022-01-11	$47.81	$43.00	19.7%	4.2%	8.7%	12.2%	0.0%	4.6%	-0.1%	14.0K	-272.7K	-1.3K	0.13	149.77	112	14	108	18
2022-01-12	$48.09	$43.00	14.7%	4.2%	8.4%	5.7%	0.0%	3.6%	-0.1%	15.7K	-281.9K	-1.2K	0.13	155.57	112	14	108	18
2022-01-13	$48.21	$43.00	14.3%	4.1%	8.0%	5.1%	0.0%	5.2%	-0.7%	12.8K	-294.6K	-1.3K	0.13	150.42	112	14	108	18
2022-01-14	$48.18	$43.00	15.6%	4.5%	8.1%	6.7%	0.0%	6.5%	0.9%	14.3K	-286.5K	-1.2K	0.13	151.98	112	14	108	18
2022-01-18	$47.64	$43.00	17.3%	4.9%	8.9%	9.0%	0.0%	4.1%	-1.6%	14.0K	-265.7K	-1.3K	0.13	152.07	112	14	108	18
2022-01-19	$47.72	$43.00	14.6%	4.2%	8.6%	5.4%	0.0%	3.5%	2.4%	13.7K	-271.6K	-1.2K	0.13	148.68	112	14	108	18
2022-01-20	$47.54	$43.00	15.3%	4.4%	8.1%	6.3%	0.0%	2.1%	2.1%	13.2K	-266.9K	-1.3K	0.12	148.72	113	14	108	18
2022-01-21	$47.22	$43.00	16.5%	4.7%	8.1%	8.0%	0.0%	1.7%	-0.5%	15.0K	-246.2K	-1.2K	0.12	154.14	113	14	109	18
2022-01-24	$46.49	$43.00	20.9%	6.0%	9.7%	13.8%	0.0%	6.6%	-3.0%	10.7K	-172.0K	-1.2K	0.11	136.01	96	11	95	16
2022-01-25	$46.67	$43.00	27.5%	7.9%	9.7%	22.5%	0.0%	6.0%	-4.6%	11.1K	-177.6K	-1.2K	0.11	161.45	96	11	95	16
2022-01-26	$46.23	$43.00	24.9%	7.1%	10.0%	19.0%	0.0%	9.5%	0.5%	10.3K	-163.9K	-1.2K	0.11	146.83	96	11	95	16
2022-01-27	$46.34	$43.00	25.1%	7.2%	9.9%	19.3%	0.0%	2.8%	-1.0%	10.2K	-171.1K	-1.2K	0.11	146.00	96	11	95	16
2022-01-28	$46.36	$43.00	21.1%	6.1%	10.0%	14.1%	0.0%	-0.9%	-1.4%	12.5K	-156.8K	-1.1K	0.11	154.48	96	11	95	16
2022-01-31	$47.18	$43.00	20.9%	6.0%	11.8%	13.8%	0.0%	6.7%	2.1%	11.6K	-193.8K	-1.2K	0.11	144.57	96	11	95	16