IGF Options History — November 2023

In November 2023, IGF traded between $42.67 and $46.09. ATM implied volatility averaged 32.7%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 15.8% (HV 20d: 16.9%). Max pain ranged from $39.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-11-02: Highest Volume — 40 contracts
  • 2023-11-27: Largest IV spike — 141.0% change
  • 2023-11-30: Highest IV Rank — 79.9%
  • 2023-11-30: Largest Expected Move — 23.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.66$42.67$46.09$42.67$46.09
Max Pain$39.33$39.00$46.00$46.00$39.00
ATM IV32.7%9.4%80.2%45.1%80.2%
Expected Move8.5%2.7%23.0%12.9%23.0%
HV 20d16.9%15.7%18.6%16.1%15.7%
HV 60d16.2%14.6%16.8%14.6%16.2%
IV Rank25.5%0.0%79.9%38.3%79.9%
IV Percentile40.7%0.0%98.0%76.6%98.0%
Term Structure5.6%-11.8%25.3%-4.8%1.9%
VWIV19.9%14.8%24.9%24.9%14.8%
Skew 25d19.0%-19.2%77.0%54.5%37.9%
Skew 10d18.0%-15.7%61.7%61.7%-9.9%
Call IV 25d20.8%5.2%41.4%41.4%32.6%
Put IV 25d39.8%7.0%96.8%95.9%70.5%
Bid-Ask Spread %148.5891.99167.96167.96153.12
Gamma HHI0.360.240.740.740.34
Net GEX8.3K37215.5K7306.3K
Net DEX-66.1K-110.0K-3.6K-3.6K-87.4K
Net VEX-392-515-22-22-473
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.952040100
Total OI59.714869869

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$42.67$46.0045.1%12.9%16.1%38.3%0.0%54.5%-4.8%730-3.6K-220.00167.9601080
2023-11-02$43.80$39.0043.0%8.1%17.7%35.9%0.0%38.3%15.0%372-3.7K-380.00153.74400810
2023-11-03$44.34$39.0051.0%11.3%17.7%45.3%0.0%15.3%-7.9%4.0K-77.5K-4950.00160.42004810
2023-11-06$44.16$39.0041.3%10.1%17.9%34.0%0.0%25.4%-11.8%5.4K-38.6K-3560.00163.99004810
2023-11-07$43.86$39.0048.6%4.7%17.0%42.5%0.0%26.5%14.7%5.3K-45.9K-3870.00154.25004810
2023-11-08$43.66$39.0017.6%5.1%16.9%6.4%0.0%37.5%7.8%4.8K-34.3K-3750.00162.04004810
2023-11-09$43.26$39.0031.5%9.0%16.2%22.5%0.0%33.1%1.2%4.5K-33.8K-3620.00157.11004810
2023-11-10$43.48$39.0062.7%18.0%16.3%58.9%0.0%-19.2%-4.5%4.3K-21.4K-3310.00165.39004810
2023-11-13$43.47$39.0058.3%16.7%15.9%53.7%24.9%10.0%-6.9%5.5K-36.1K-3070.00154.551004810
2023-11-14$44.73$39.009.4%2.7%18.6%0.0%0.0%6.3%18.7%13.4K-72.8K-4450.00135.86005810
2023-11-15$44.72$39.009.7%2.8%17.7%0.4%0.0%77.0%17.9%12.6K-79.0K-4590.00144.80005810
2023-11-16$44.75$39.0010.6%3.0%17.5%1.4%0.0%1.0%13.0%13.7K-65.9K-4260.00131.74005810
2023-11-17$45.26$39.0010.6%3.1%17.2%1.4%0.0%1.0%14.4%13.8K-92.8K-4830.00120.71005810
2023-11-20$45.45$39.0014.7%4.2%17.1%6.0%14.8%28.3%10.4%12.6K-88.8K-4730.00148.17205710
2023-11-21$45.36$39.009.7%2.8%17.2%0.4%0.0%11.4%25.3%12.9K-107.7K-5150.00151.51005910
2023-11-22$45.44$39.0010.1%2.9%17.2%0.8%0.0%1.4%8.0%15.5K-99.2K-4870.00150.44005910
2023-11-24$45.78$39.0014.7%4.2%17.1%6.0%0.0%-0.3%13.0%11.9K-92.8K-3910.0091.99005910
2023-11-27$45.78$39.0035.4%10.1%16.0%29.4%0.0%-15.3%7.8%8.4K-110.0K-4960.00151.42005910
2023-11-28$46.03$39.0041.1%11.8%15.7%35.8%0.0%46.5%-4.7%8.8K-96.0K-4440.00151.61005910
2023-11-29$45.77$39.0042.4%12.2%16.1%37.3%0.0%-17.1%-11.2%9.3K-100.5K-4680.00149.46005910
2023-11-30$46.09$39.0080.2%23.0%15.7%79.9%0.0%37.9%1.9%6.3K-87.4K-4730.00153.12005910