IGF Options History — September 2023

In September 2023, IGF traded between $43.23 and $45.77. ATM implied volatility averaged 42.4%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 30.8% (HV 20d: 11.6%). Max pain ranged from $47.00 to $48.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days.

Notable Days

  • 2023-09-12: Largest IV drop — 72.8% change
  • 2023-09-11: Highest IV Rank — 60.3%
  • 2023-09-01: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.82$43.23$45.77$45.41$43.23
Max Pain$47.05$47.00$48.00$48.00$47.00
ATM IV42.4%23.3%85.8%49.5%41.5%
Expected Move9.2%3.7%14.2%14.2%11.9%
HV 20d11.6%10.0%13.8%10.0%12.7%
HV 60d12.0%11.5%12.3%11.8%12.0%
IV Rank28.6%9.1%60.3%30.6%34.2%
IV Percentile55.3%5.6%98.8%90.9%71.4%
Term Structure-0.7%-15.0%12.0%-9.1%2.0%
Skew 25d33.2%-16.5%55.0%55.0%47.0%
Skew 10d25.3%-24.4%54.7%54.7%37.4%
Call IV 25d22.8%5.6%33.9%33.9%26.5%
Put IV 25d56.0%11.6%89.0%89.0%73.6%
Bid-Ask Spread %155.2798.86166.65166.65164.88
Gamma HHI0.610.420.790.450.76
Net GEX1.9K1.3K2.7K2.7K1.4K
Net DEX-19.4K-27.1K-11.4K-24.6K-11.5K
Net VEX-91-115-67-115-67
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1513171713

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$45.41$48.0049.5%14.2%10.0%30.6%0.0%55.0%-9.1%2.7K-24.6K-1150.00166.6500170
2023-09-05$44.95$47.0054.8%8.1%10.6%34.9%0.0%28.8%1.8%2.2K-23.4K-1090.00164.3400170
2023-09-06$44.34$47.0061.9%8.7%11.4%40.7%0.0%27.2%-2.8%2.3K-16.1K-880.00165.1000170
2023-09-07$44.64$47.0059.0%4.2%11.2%38.3%0.0%28.9%1.7%2.1K-19.1K-950.00149.3700170
2023-09-08$44.84$47.0064.5%9.5%11.4%42.9%0.0%24.9%-15.0%2.0K-22.6K-1040.00151.0600170
2023-09-11$45.05$47.0085.8%6.2%11.6%60.3%0.0%30.2%-2.3%2.4K-21.9K-980.00163.0800170
2023-09-12$45.28$47.0023.3%3.7%11.6%9.1%0.0%37.3%-2.4%2.3K-18.8K-920.0098.8600170
2023-09-13$45.16$47.0029.0%8.3%10.9%13.8%0.0%30.1%0.6%2.4K-23.5K-950.00158.7000170
2023-09-14$45.69$47.0029.2%8.4%11.7%13.9%0.0%34.8%-2.2%2.6K-27.1K-1040.00148.9100170
2023-09-15$45.77$47.0030.0%8.6%11.2%14.6%0.0%32.1%1.6%1.7K-21.8K-980.00157.9100170
2023-09-18$45.53$47.0030.5%8.8%11.4%15.0%0.0%38.5%3.0%1.5K-21.9K-940.00162.9200130
2023-09-19$45.53$47.0032.9%9.4%11.3%24.2%0.0%38.4%2.0%1.6K-23.3K-990.00161.5000130
2023-09-20$45.58$47.0032.2%9.2%11.1%23.4%0.0%35.2%1.3%2.0K-22.0K-990.00159.7700130
2023-09-21$44.94$47.0035.1%10.1%11.9%26.7%0.0%36.7%-0.9%1.4K-22.4K-980.00162.5200130
2023-09-22$44.89$47.0038.2%11.0%11.8%30.4%0.0%35.2%-1.3%1.7K-14.0K-770.00158.2300130
2023-09-25$44.75$47.0034.2%9.8%11.6%25.7%0.0%32.8%1.5%1.3K-16.7K-820.00130.3100130
2023-09-26$43.78$47.0037.9%10.9%13.8%30.0%0.0%40.7%1.1%1.6K-14.0K-760.00161.1000130
2023-09-27$43.53$47.0035.9%10.3%12.8%27.7%0.0%46.5%12.0%1.5K-12.2K-700.00156.7000130
2023-09-28$43.47$47.0043.1%12.3%12.8%36.0%0.0%-16.5%-5.8%1.5K-11.4K-690.00163.4000130
2023-09-29$43.23$47.0041.5%11.9%12.7%34.2%0.0%47.0%2.0%1.4K-11.5K-670.00164.8800130