IGF Options History — January 2023

In January 2023, IGF traded between $45.83 and $48.64. ATM implied volatility averaged 40.1%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 24.8% (HV 20d: 15.3%). Max pain ranged from $44.00 to $47.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-01-05: Highest Volume — 14 contracts
2023-01-11: Largest IV drop — 36.4% change
2023-01-10: Highest IV Rank — 33.4%
2023-01-04: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.87	$45.83	$48.64	$45.83	$48.13
Max Pain	$46.63	$44.00	$47.00	$44.00	$47.00
ATM IV	40.1%	32.3%	54.4%	44.3%	41.3%
Expected Move	10.4%	6.4%	13.8%	12.7%	11.9%
HV 20d	15.3%	12.2%	17.4%	15.0%	12.2%
HV 60d	17.6%	16.7%	19.1%	18.9%	16.8%
IV Rank	21.3%	14.8%	33.4%	25.0%	22.2%
IV Percentile	83.6%	66.7%	96.4%	92.9%	87.7%
Term Structure	-3.7%	-16.1%	7.6%	7.6%	-0.2%
VWIV	11.1%	11.1%	11.1%	11.1%	11.1%
Skew 25d	27.6%	2.4%	44.9%	29.2%	9.5%
Skew 10d	16.0%	-23.3%	54.6%	20.1%	-2.2%
Call IV 25d	24.1%	10.6%	38.9%	38.4%	20.8%
Put IV 25d	51.7%	17.6%	83.8%	67.6%	30.4%
Bid-Ask Spread %	146.82	136.80	168.16	143.14	142.36
Gamma HHI	0.38	0.21	0.70	0.22	0.60
Net GEX	5.8K	1.4K	9.4K	1.4K	8.3K
Net DEX	-148.6K	-182.8K	-58.2K	-58.2K	-162.3K
Net VEX	-630	-765	-524	-740	-524
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.4	0	14	0	0
Total OI	125.65	65	163	149	67

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	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$45.83	$44.00	44.3%	12.7%	15.0%	25.0%	0.0%	29.2%	7.6%	1.4K	-58.2K	-740	143.14	0	0	70	79
2023-01-04	$46.39	$44.00	48.3%	13.8%	15.2%	28.3%	0.0%	44.9%	-8.7%	2.3K	-79.6K	-717	149.79	0	0	70	79
2023-01-05	$46.25	$0.00	45.6%	9.9%	15.2%	26.1%	0.0%	23.7%	-4.5%	2.0K	-78.1K	-710	150.99	14	0	70	79
2023-01-06	$47.30	$0.00	44.3%	9.3%	17.3%	25.0%	0.0%	36.9%	-2.8%	5.9K	-134.4K	-669	142.84	0	0	77	79
2023-01-09	$47.56	$0.00	51.0%	9.0%	17.4%	30.6%	0.0%	19.9%	3.7%	4.0K	-134.0K	-765	139.85	0	0	77	79
2023-01-10	$47.47	$0.00	54.4%	6.4%	17.3%	33.4%	11.1%	25.9%	-8.7%	4.8K	-146.6K	-717	136.80	0	10	77	79
2023-01-11	$47.98	$47.00	34.6%	9.9%	17.3%	16.9%	0.0%	25.5%	-3.2%	7.4K	-166.2K	-625	138.32	0	0	77	84
2023-01-12	$48.28	$47.00	32.9%	9.4%	17.4%	15.5%	0.0%	29.9%	-0.9%	6.5K	-165.1K	-699	155.38	0	0	77	84
2023-01-13	$48.55	$47.00	32.3%	9.3%	17.4%	15.0%	0.0%	26.2%	-3.4%	5.6K	-170.8K	-691	146.93	0	0	77	84
2023-01-17	$48.50	$47.00	34.5%	9.9%	15.9%	16.8%	0.0%	31.6%	0.7%	7.9K	-171.4K	-618	168.16	0	0	77	84
2023-01-18	$47.94	$47.00	35.3%	10.1%	15.7%	17.3%	0.0%	39.8%	-3.3%	5.6K	-175.3K	-618	150.94	2	0	77	84
2023-01-19	$48.05	$47.00	38.8%	11.1%	15.1%	20.2%	0.0%	31.6%	-16.1%	5.3K	-152.8K	-632	146.45	0	0	79	84
2023-01-20	$48.41	$47.00	38.1%	10.9%	15.2%	19.6%	0.0%	29.7%	-9.6%	7.4K	-182.8K	-565	152.91	0	0	79	84
2023-01-23	$48.52	$47.00	36.3%	10.4%	14.9%	17.9%	0.0%	20.7%	-2.7%	6.3K	-163.5K	-554	151.38	2	0	59	6
2023-01-24	$48.64	$47.00	32.5%	9.3%	14.1%	14.8%	0.0%	2.4%	4.9%	9.4K	-169.2K	-531	157.47	0	0	61	6
2023-01-25	$48.52	$47.00	34.2%	9.8%	13.7%	16.1%	0.0%	28.2%	-3.9%	5.8K	-168.5K	-554	144.48	0	0	61	6
2023-01-26	$48.59	$47.00	38.7%	11.1%	13.7%	19.9%	0.0%	31.7%	-6.2%	7.1K	-170.3K	-554	138.79	0	0	61	6
2023-01-27	$48.53	$47.00	39.5%	11.3%	12.3%	20.6%	0.0%	30.7%	-4.4%	6.9K	-168.2K	-556	139.04	0	0	61	6
2023-01-30	$47.99	$47.00	44.8%	12.9%	12.9%	25.1%	0.0%	34.9%	-13.3%	6.8K	-155.4K	-555	140.46	0	0	61	6
2023-01-31	$48.13	$47.00	41.3%	11.9%	12.2%	22.2%	0.0%	9.5%	-0.2%	8.3K	-162.3K	-524	142.36	0	0	61	6