IGV Options History — February 2007

In February 2007, IGV traded between $8.82 and $9.25. ATM implied volatility averaged 16.6%. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.7% (HV 20d: 13.9%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-02-08: Highest Volume — 250 contracts
  • 2007-02-27: Largest IV spike — 28.9% change
  • 2007-02-27: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.09$8.82$9.25$9.08$8.84
Max Pain$8.05$8.00$9.00$9.00$8.00
ATM IV16.6%14.4%20.1%17.2%17.5%
Expected Move4.8%4.1%5.8%4.9%5.0%
HV 20d13.9%9.0%16.9%16.9%16.0%
Term Structure1.3%-0.5%2.5%0.3%0.7%
VWIV15.6%14.2%17.2%17.2%14.4%
Skew 25d0.8%-1.4%5.5%1.7%0.4%
Skew 10d1.5%-2.4%9.7%3.9%0.6%
Call IV 25d16.0%10.6%20.3%17.1%17.6%
Put IV 25d16.8%14.6%20.6%18.8%18.0%
Bid-Ask Spread %20.0511.6355.5920.2319.50
Gamma HHI0.850.740.910.860.82
Net GEX62.7K27.4K105.3K73.9K30.0K
Net DEX-734.1K-971.1K-403.5K-890.5K-411.4K
Net VEX-1.5K-2.1K-1.0K-2.1K-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume28.9470250100
Total OI1,584.7371,2252,0751,9051,225

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$9.08$9.0017.2%4.9%16.9%0.0%17.2%1.7%0.3%73.9K-890.5K-2.1K0.0020.231001,605300
2007-02-02$9.13$8.0016.7%4.9%15.8%0.0%0.0%-0.9%1.1%73.0K-945.4K-2.0K0.0012.54001,595300
2007-02-05$9.10$8.0017.8%4.9%15.5%0.0%0.0%-0.7%0.8%77.2K-971.1K-2.1K0.0036.79001,715360
2007-02-06$9.06$8.0016.4%4.9%15.5%0.0%0.0%-1.0%1.0%83.3K-883.7K-1.9K0.0016.37001,595300
2007-02-07$9.10$8.0016.6%4.7%15.6%0.0%0.0%-0.7%1.6%83.6K-919.6K-1.9K0.0014.50001,595300
2007-02-08$9.08$8.0017.1%4.9%15.6%0.0%17.1%-0.9%1.6%87.7K-886.6K-1.9K0.0013.2225001,595300
2007-02-09$9.00$8.0017.0%4.9%15.8%0.0%0.0%-1.4%1.7%80.4K-664.4K-1.6K0.0015.52001,345300
2007-02-12$8.97$8.0017.1%4.9%15.6%0.0%0.0%4.5%1.5%87.6K-635.0K-1.5K0.0012.56001,345300
2007-02-13$9.01$8.0016.4%4.7%14.0%0.0%0.0%-0.5%1.7%105.3K-710.3K-1.5K0.0017.215001,345300
2007-02-14$9.12$8.0016.5%4.7%14.6%0.0%0.0%3.9%1.4%79.8K-833.6K-1.3K0.0014.85001,295300
2007-02-15$9.15$8.0016.5%4.7%12.3%0.0%0.0%0.1%1.7%64.9K-852.1K-1.3K0.0011.63001,295300
2007-02-16$9.13$8.0015.9%4.5%12.4%0.0%0.0%0.4%2.3%80.0K-823.8K-1.3K0.0019.455001,295300
2007-02-20$9.20$8.0016.1%4.6%11.8%0.0%0.0%0.5%1.3%31.0K-628.7K-1.2K0.0022.35100980300
2007-02-21$9.25$8.0015.3%4.4%11.9%0.0%15.1%5.5%1.4%31.3K-648.5K-1.1K0.0020.14500990300
2007-02-22$9.24$8.0014.4%4.1%10.5%0.0%14.2%0.5%2.5%28.9K-634.4K-1.1K0.0023.17500955300
2007-02-23$9.19$8.0014.5%4.2%9.0%0.0%14.4%0.2%1.9%34.0K-632.0K-1.1K0.0020.53600990300
2007-02-26$9.14$8.0015.6%4.5%9.1%0.0%0.0%4.4%1.2%32.3K-572.5K-1.1K0.0014.8300945300
2007-02-27$8.82$8.0020.1%5.8%16.0%0.0%0.0%-0.4%-0.5%27.4K-403.5K-1.1K0.0055.59200945300
2007-02-28$8.84$8.0017.5%5.0%16.0%0.0%0.0%0.4%0.7%30.0K-411.4K-1.0K0.0019.5000925300