IGF Options History — August 2023

In August 2023, IGF traded between $44.83 and $47.03. ATM implied volatility averaged 40.0%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 28.7% (HV 20d: 11.4%). Max pain ranged from $48.00 to $48.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-08-29: Highest Volume — 3 contracts
  • 2023-08-09: Largest IV drop — 40.8% change
  • 2023-08-08: Highest IV Rank — 34.2%
  • 2023-08-28: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.75$44.83$47.03$47.03$45.59
Max Pain$48.00$48.00$48.00$48.00$48.00
ATM IV40.0%28.4%53.9%42.1%39.8%
Expected Move10.6%8.1%13.2%12.1%11.4%
HV 20d11.4%9.9%13.9%13.2%10.0%
HV 60d12.1%11.9%12.3%12.3%12.0%
IV Rank22.8%13.3%34.2%24.5%22.6%
IV Percentile64.6%17.5%94.8%77.4%68.3%
Term Structure1.8%-7.9%10.5%5.3%-4.7%
Skew 25d19.1%-18.0%52.7%9.8%52.1%
Skew 10d14.9%-24.3%54.9%51.3%48.9%
Call IV 25d23.9%8.9%33.6%24.1%33.5%
Put IV 25d42.9%4.0%85.7%33.9%85.7%
Bid-Ask Spread %150.98109.11169.22151.61162.18
Gamma HHI0.380.320.500.360.50
Net GEX2.2K1.6K3.0K2.2K3.0K
Net DEX-22.9K-30.1K-16.8K-30.1K-25.5K
Net VEX-115-136-99-136-117
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1740300
Total OI14.69614171417

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$47.03$0.0042.1%12.1%13.2%24.5%0.0%9.8%5.3%2.2K-30.1K-1360.00151.6100140
2023-08-02$46.41$0.0044.7%12.8%13.9%26.6%0.0%42.2%6.7%2.4K-25.1K-1270.00152.2600140
2023-08-03$46.11$48.0046.9%8.8%13.2%28.5%0.0%20.7%3.3%2.2K-25.3K-1290.00150.5400140
2023-08-04$45.98$48.0044.0%8.8%13.0%26.0%0.0%24.6%1.9%2.2K-23.9K-1260.00149.1110140
2023-08-07$46.03$48.0051.9%9.3%13.0%32.5%0.0%-18.0%0.4%2.2K-26.2K-1300.00151.6600150
2023-08-08$46.06$48.0053.9%9.2%12.3%34.2%0.0%-14.7%-0.4%2.3K-23.1K-1190.00149.0500150
2023-08-09$46.47$48.0031.9%9.2%11.4%16.2%0.0%-14.8%1.2%2.7K-26.0K-1250.00142.5800150
2023-08-10$46.39$48.0028.4%8.1%10.8%13.3%0.0%-1.0%5.1%3.0K-26.5K-1260.00141.4300150
2023-08-11$46.36$48.0033.3%9.5%10.3%17.3%0.0%-10.5%-1.0%2.6K-26.1K-1260.00154.2000150
2023-08-14$45.98$48.0032.2%9.2%10.6%16.4%0.0%-2.8%4.6%2.2K-23.4K-1200.00109.1100150
2023-08-15$45.45$48.0037.0%10.6%11.2%20.4%0.0%33.4%-2.4%2.4K-20.5K-1130.00149.2200150
2023-08-16$45.40$48.0039.2%11.2%11.1%22.1%0.0%-6.3%0.5%2.1K-18.9K-1060.00141.8000150
2023-08-17$45.03$48.0037.0%10.6%11.0%20.3%0.0%-4.4%-3.3%2.3K-16.8K-1010.00138.5500150
2023-08-18$45.20$48.0034.9%10.0%10.7%18.6%0.0%38.9%-3.6%2.0K-21.4K-1120.00163.1300150
2023-08-21$45.03$48.0037.6%10.8%10.7%20.9%0.0%25.0%-1.5%1.7K-17.2K-1000.00158.5100140
2023-08-22$44.83$48.0040.2%11.5%10.7%22.9%0.0%-5.8%10.5%1.9K-19.8K-1050.00122.2300140
2023-08-23$45.22$48.0041.9%12.0%11.0%24.3%0.0%30.0%-7.9%1.9K-18.1K-1010.00158.5700140
2023-08-24$45.03$48.0040.3%11.6%10.6%23.1%0.0%41.4%4.7%2.0K-17.4K-990.00162.9400140
2023-08-25$45.30$48.0039.3%11.3%11.0%22.3%0.0%44.4%2.6%2.0K-20.4K-1020.00167.4400140
2023-08-28$45.42$48.0046.0%13.2%10.7%27.7%0.0%52.4%4.6%1.6K-21.4K-1010.00169.2200140
2023-08-29$45.99$48.0034.8%10.0%10.9%18.5%0.0%52.7%5.7%2.2K-24.5K-1100.00160.8730140
2023-08-30$45.94$48.0042.7%12.2%9.9%25.0%0.0%49.3%8.2%2.4K-29.0K-1240.00166.3400170
2023-08-31$45.59$48.0039.8%11.4%10.0%22.6%0.0%52.1%-4.7%3.0K-25.5K-1170.00162.1800170