IGF Options History — May 2023

In May 2023, IGF traded between $46.22 and $49.16. ATM implied volatility averaged 36.6%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 25.6% (HV 20d: 11.0%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days.

Notable Days

  • 2023-05-12: Largest IV spike — 75.0% change
  • 2023-05-09: Highest IV Rank — 30.1%
  • 2023-05-31: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.94$46.22$49.16$49.03$46.30
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV36.6%16.1%51.3%42.7%47.1%
Expected Move9.6%4.6%13.5%12.2%13.5%
HV 20d11.0%9.0%11.9%9.0%10.3%
HV 60d11.8%11.5%12.2%11.9%11.7%
IV Rank17.8%0.5%30.1%22.9%26.6%
IV Percentile60.1%0.4%93.7%85.7%90.5%
Term Structure-2.5%-8.4%6.6%-0.9%-8.4%
Skew 25d7.4%-13.9%50.1%17.1%-13.9%
Skew 10d10.4%-19.5%59.5%-5.6%-19.5%
Call IV 25d19.3%10.2%28.3%28.3%23.8%
Put IV 25d26.7%8.0%71.2%45.4%9.9%
Bid-Ask Spread %154.64145.83166.66152.44154.49
Gamma HHI0.610.510.810.620.64
Net GEX2.3K1.3K2.8K2.2K1.9K
Net DEX-26.1K-33.4K-15.3K-31.0K-18.0K
Net VEX-89-102-71-96-76
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI10.68210111110

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$49.03$50.0042.7%12.2%9.0%22.9%0.0%17.1%-0.9%2.2K-31.0K-960.00152.4400110
2023-05-02$48.33$50.0041.6%11.9%10.5%22.0%0.0%1.6%-5.4%2.0K-29.1K-1020.00155.3200110
2023-05-03$48.28$50.0044.0%12.6%10.5%24.0%0.0%50.1%-3.5%2.0K-26.8K-1000.00150.5400110
2023-05-04$48.28$0.0046.9%9.0%9.8%26.4%0.0%2.1%-4.2%2.2K-26.3K-960.00156.0800110
2023-05-05$48.97$0.0039.8%8.2%11.0%20.4%0.0%24.1%-2.7%2.8K-31.4K-880.00154.6900110
2023-05-08$48.94$0.0045.4%7.9%11.0%25.2%0.0%32.0%-2.7%2.2K-33.4K-940.00155.1500110
2023-05-09$49.00$0.0051.3%8.8%10.9%30.1%0.0%1.7%-1.1%2.5K-32.1K-910.00146.9700110
2023-05-10$49.16$0.0028.9%8.3%11.0%11.3%0.0%7.8%2.4%2.6K-32.8K-910.00151.9000110
2023-05-11$48.66$0.0016.1%4.6%11.4%0.5%0.0%-0.9%0.5%2.4K-31.8K-940.00156.6700110
2023-05-12$48.70$0.0028.1%8.1%10.9%10.6%0.0%-4.5%-0.8%1.8K-30.0K-970.00145.8300110
2023-05-15$48.66$0.0028.2%8.1%10.9%10.7%0.0%38.7%6.6%2.6K-29.3K-880.00165.6600110
2023-05-16$48.02$0.0030.8%8.8%11.9%12.9%0.0%-13.8%-4.2%2.1K-26.8K-910.00149.5200110
2023-05-17$48.03$0.0029.4%8.4%11.8%11.8%0.0%-0.1%-2.0%1.9K-28.0K-930.00150.2100110
2023-05-18$47.75$0.0035.4%10.1%11.8%16.8%0.0%-12.8%-5.1%1.5K-24.9K-890.00151.5100110
2023-05-19$47.69$0.0032.0%9.2%11.8%13.9%0.0%-12.3%1.8%2.7K-23.2K-850.00159.6000110
2023-05-22$47.69$0.0032.8%9.4%11.3%14.6%0.0%4.0%-2.0%2.5K-25.2K-870.00166.6600100
2023-05-23$47.27$0.0036.5%10.5%11.4%17.7%0.0%13.4%-7.5%1.3K-22.8K-860.00151.9500100
2023-05-24$46.80$0.0037.2%10.7%11.5%18.3%0.0%5.1%-5.0%2.6K-19.8K-840.00162.6100100
2023-05-25$46.30$0.0037.0%10.6%11.1%18.1%0.0%6.1%-4.9%2.5K-18.0K-820.00156.6500100
2023-05-26$46.51$0.0032.2%9.2%11.1%14.1%0.0%11.7%0.8%2.7K-17.1K-770.00154.1500100
2023-05-30$46.22$0.0042.0%12.0%11.0%22.3%0.0%4.4%-7.6%2.8K-15.3K-710.00153.4400100
2023-05-31$46.30$0.0047.1%13.5%10.3%26.6%0.0%-13.9%-8.4%1.9K-18.0K-760.00154.4900100