IGF Options History — May 2022

In May 2022, IGF traded between $47.51 and $51.43. ATM implied volatility averaged 25.0%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 4.2% (HV 20d: 20.8%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.18.

Notable Days

2022-05-20: Highest Volume — 208 contracts
2022-05-26: Largest IV drop — 33.2% change
2022-05-12: Highest IV Rank — 44.2%
2022-05-09: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.55	$47.51	$51.43	$48.84	$51.18
Max Pain	$51.80	$50.00	$52.00	$52.00	$52.00
ATM IV	25.0%	19.7%	30.4%	27.7%	19.7%
Expected Move	7.4%	5.7%	8.8%	8.0%	5.7%
HV 20d	20.8%	13.8%	23.5%	13.8%	21.4%
HV 60d	17.1%	15.2%	18.3%	15.2%	16.7%
IV Rank	31.5%	18.9%	44.2%	38.0%	18.9%
IV Percentile	76.0%	48.4%	91.7%	88.9%	48.4%
Term Structure	-2.5%	-8.2%	3.2%	-1.5%	-0.8%
VWIV	23.4%	17.5%	29.7%	29.7%	28.2%
Skew 25d	7.6%	-4.2%	26.1%	-4.2%	4.2%
Skew 10d	7.5%	-1.9%	21.6%	4.2%	2.1%
Call IV 25d	21.8%	17.3%	28.2%	24.9%	18.9%
Put IV 25d	29.4%	20.5%	45.9%	20.7%	23.1%
Bid-Ask Spread %	128.02	114.75	151.05	118.93	151.05
Gamma HHI	0.18	0.15	0.32	0.16	0.21
Net GEX	14.3K	2.0K	29.2K	12.2K	24.1K
Net DEX	-355.4K	-538.2K	-194.7K	-322.4K	-512.3K
Net VEX	-1.5K	-2.0K	-1.1K	-1.9K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.18	0.14	0.27	0.21	0.14
Total Volume	193.857	183	208	196	191
Total OI	255.667	226	268	256	234

Daily Data (21 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
2022-05-02	$48.84	$52.00	27.7%	8.0%	13.8%	38.0%	29.7%	-4.2%	-1.5%	12.2K	-322.4K	-1.9K	0.21	118.93	162	34	172	84
2022-05-03	$49.23	$52.00	29.1%	8.3%	14.2%	41.2%	18.8%	-1.4%	-2.2%	17.1K	-357.4K	-1.8K	0.15	119.03	162	24	172	94
2022-05-04	$50.51	$52.00	26.4%	7.6%	17.2%	34.7%	26.9%	3.3%	-3.2%	24.6K	-502.0K	-1.3K	0.15	131.24	162	24	172	94
2022-05-05	$49.30	$0.00	28.3%	7.3%	18.9%	39.3%	17.8%	-2.6%	-3.7%	17.0K	-379.3K	-1.8K	0.15	117.01	164	24	172	94
2022-05-06	$49.38	$50.00	29.8%	7.6%	18.9%	42.9%	19.0%	9.9%	-1.1%	12.5K	-362.6K	-1.9K	0.15	114.94	164	24	174	94
2022-05-09	$48.19	$0.00	20.3%	8.8%	20.2%	20.3%	28.1%	26.1%	-6.1%	6.4K	-256.8K	-2.0K	0.15	120.19	164	24	172	94
2022-05-10	$47.80	$0.00	20.2%	8.5%	20.2%	20.0%	20.8%	10.8%	-1.8%	5.0K	-235.1K	-1.9K	0.15	125.17	164	24	172	94
2022-05-11	$47.93	$0.00	26.9%	7.7%	20.3%	35.9%	29.1%	6.9%	-0.2%	6.2K	-226.7K	-1.8K	0.15	120.84	164	24	172	94
2022-05-12	$47.51	$0.00	30.4%	8.7%	20.0%	44.2%	18.8%	8.8%	-2.1%	4.2K	-194.7K	-1.8K	0.24	114.75	164	40	172	94
2022-05-13	$48.66	$0.00	22.3%	6.4%	22.2%	25.0%	19.4%	10.9%	-1.3%	2.0K	-241.3K	-1.5K	0.24	119.71	164	40	157	110
2022-05-16	$49.18	$0.00	22.9%	6.6%	22.6%	26.4%	21.8%	8.8%	1.9%	4.6K	-289.4K	-1.6K	0.24	128.74	164	40	157	110
2022-05-17	$49.91	$0.00	26.0%	7.5%	23.3%	33.9%	24.0%	12.7%	-6.1%	13.6K	-368.8K	-1.4K	0.24	128.04	164	40	157	110
2022-05-18	$49.23	$0.00	23.3%	6.7%	23.4%	27.3%	23.3%	3.5%	-1.7%	9.5K	-267.2K	-1.5K	0.24	137.34	164	40	157	110
2022-05-19	$49.59	$0.00	24.6%	7.1%	23.3%	30.5%	27.4%	8.8%	-6.6%	11.4K	-290.1K	-1.5K	0.24	125.68	164	40	157	110
2022-05-20	$49.66	$0.00	24.6%	7.1%	23.0%	30.5%	24.5%	9.6%	-1.6%	13.3K	-320.9K	-1.4K	0.27	127.28	164	44	157	110
2022-05-23	$50.37	$52.00	25.0%	7.2%	23.5%	31.5%	19.3%	12.0%	-0.5%	22.8K	-398.5K	-1.4K	0.15	125.49	159	24	152	74
2022-05-24	$50.69	$52.00	24.9%	7.2%	23.2%	31.3%	17.5%	9.3%	-8.2%	22.6K	-444.9K	-1.2K	0.15	135.00	160	24	152	74
2022-05-25	$50.82	$52.00	29.7%	8.5%	23.2%	42.7%	26.8%	8.3%	-6.4%	20.0K	-447.8K	-1.3K	0.14	140.93	167	24	153	74
2022-05-26	$51.06	$52.00	19.9%	5.7%	23.0%	19.2%	26.5%	9.4%	3.2%	22.8K	-506.6K	-1.2K	0.14	147.77	167	24	160	74
2022-05-27	$51.43	$52.00	23.3%	6.7%	21.5%	27.3%	24.4%	5.0%	-3.3%	29.2K	-538.2K	-1.1K	0.14	139.30	167	24	160	74
2022-05-31	$51.18	$52.00	19.7%	5.7%	21.4%	18.9%	28.2%	4.2%	-0.8%	24.1K	-512.3K	-1.2K	0.14	151.05	167	24	160	74