IGF Options History — April 2023

In April 2023, IGF traded between $47.90 and $49.11. ATM implied volatility averaged 36.9%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 26.5% (HV 20d: 10.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2023-04-18: Highest Volume — 7 contracts
2023-04-18: Largest IV spike — 103.5% change
2023-04-11: Highest IV Rank — 29.7%
2023-04-04: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.61	$47.90	$49.11	$47.90	$48.91
Max Pain	$49.00	$45.00	$50.00	$45.00	$50.00
ATM IV	36.9%	16.2%	50.7%	40.4%	37.4%
Expected Move	10.0%	4.6%	12.4%	11.6%	10.7%
HV 20d	10.5%	8.2%	14.0%	14.0%	9.0%
HV 60d	12.1%	11.9%	13.0%	13.0%	11.9%
IV Rank	18.1%	0.6%	29.7%	21.3%	18.5%
IV Percentile	66.4%	0.8%	92.5%	82.1%	71.4%
Term Structure	-6.3%	-20.1%	7.3%	-3.9%	-10.8%
VWIV	18.5%	17.6%	19.4%	19.4%	17.6%
Skew 25d	7.6%	-20.5%	42.8%	-13.0%	5.5%
Skew 10d	10.5%	-18.9%	54.1%	-14.1%	37.3%
Call IV 25d	21.4%	11.5%	30.9%	30.9%	22.1%
Put IV 25d	29.0%	5.5%	60.3%	17.9%	27.6%
Bid-Ask Spread %	143.86	127.20	180.00	129.44	138.76
Gamma HHI	0.55	0.41	0.66	0.54	0.56
Net GEX	7.7K	1.8K	12.8K	7.9K	2.6K
Net DEX	-152.6K	-271.4K	-26.3K	-152.6K	-29.8K
Net VEX	-186	-330	-89	-330	-97
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	0.947	0	7	0	0
Total OI	63.053	11	86	79	11

Daily Data (19 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	Call OI	Put OI
2023-04-03	$47.90	$45.00	40.4%	11.6%	14.0%	21.3%	0.0%	-13.0%	-3.9%	7.9K	-152.6K	-330	129.44	0	61	18
2023-04-04	$47.91	$45.00	43.3%	12.4%	12.6%	23.4%	0.0%	-20.5%	-20.1%	10.7K	-151.6K	-266	134.41	0	61	18
2023-04-05	$48.41	$45.00	42.5%	12.2%	13.0%	22.7%	0.0%	-12.5%	-4.5%	8.9K	-180.1K	-293	127.20	0	61	18
2023-04-06	$48.57	$0.00	43.1%	9.0%	12.3%	23.2%	0.0%	7.6%	-8.9%	8.9K	-184.5K	-287	143.19	0	61	18
2023-04-10	$48.63	$0.00	42.5%	9.0%	11.9%	22.7%	0.0%	5.9%	-1.8%	9.6K	-188.7K	-239	152.34	3	61	18
2023-04-11	$48.79	$0.00	50.7%	9.3%	11.9%	29.7%	0.0%	-5.9%	-11.5%	10.1K	-199.6K	-245	142.84	0	64	18
2023-04-12	$48.83	$0.00	30.8%	8.8%	11.8%	12.9%	19.4%	-15.4%	-2.3%	9.6K	-197.7K	-237	135.08	1	64	18
2023-04-13	$49.11	$50.00	39.1%	11.2%	10.1%	19.9%	0.0%	34.9%	-14.5%	8.5K	-200.8K	-243	180.00	0	65	18
2023-04-14	$48.66	$50.00	32.2%	9.2%	10.4%	14.1%	17.6%	-6.6%	-7.8%	10.4K	-199.7K	-211	140.47	1	65	18
2023-04-17	$48.72	$50.00	16.2%	4.6%	9.2%	0.6%	0.0%	42.8%	5.1%	10.3K	-199.8K	-184	139.40	0	65	18
2023-04-18	$48.61	$50.00	32.9%	9.4%	9.3%	14.6%	0.0%	25.8%	-10.2%	11.8K	-208.0K	-152	146.66	7	65	18
2023-04-19	$48.79	$50.00	33.5%	9.6%	9.3%	15.2%	0.0%	38.5%	7.3%	12.8K	-218.0K	-133	154.48	0	65	18
2023-04-20	$48.59	$50.00	29.9%	8.6%	9.2%	12.1%	0.0%	-11.2%	-2.5%	12.0K	-199.0K	-113	143.81	6	65	18
2023-04-21	$48.61	$50.00	35.2%	10.1%	8.2%	16.6%	0.0%	18.9%	6.0%	2.4K	-271.4K	-105	148.53	0	68	18
2023-04-24	$49.02	$50.00	35.4%	10.1%	8.4%	16.7%	0.0%	-16.0%	-7.8%	3.3K	-32.7K	-89	145.57	0	11	0
2023-04-25	$48.63	$50.00	38.3%	11.0%	9.2%	19.2%	0.0%	37.5%	-16.0%	1.9K	-31.0K	-105	140.90	0	11	0
2023-04-26	$48.22	$50.00	42.3%	12.1%	9.9%	22.6%	0.0%	0.1%	-8.5%	1.8K	-26.3K	-104	140.33	0	11	0
2023-04-27	$48.73	$50.00	36.3%	10.4%	9.2%	17.5%	0.0%	28.3%	-7.1%	2.0K	-27.8K	-101	149.87	0	11	0
2023-04-28	$48.91	$50.00	37.4%	10.7%	9.0%	18.5%	0.0%	5.5%	-10.8%	2.6K	-29.8K	-97	138.76	0	11	0