IGV Options History — July 2007

In July 2007, IGV traded between $9.18 and $9.75. ATM implied volatility averaged 17.4%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.5% (HV 20d: 14.9%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-07-19: Highest Volume — 60 contracts
  • 2007-07-10: Largest IV spike — 89.8% change
  • 2007-07-27: Highest IV Rank — 78.6%
  • 2007-07-27: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.53$9.18$9.75$9.52$9.18
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV17.4%11.1%27.7%12.7%25.2%
Expected Move5.0%3.2%7.9%3.6%7.2%
HV 20d14.9%13.0%16.8%15.9%16.8%
HV 60d14.9%14.1%16.1%14.2%16.1%
IV Rank36.9%8.3%78.6%29.3%67.9%
IV Percentile48.6%2.3%99.3%27.8%96.5%
Term Structure1.3%-1.4%6.6%1.4%-0.1%
Skew 25d3.9%-2.6%11.2%3.9%4.6%
Skew 10d5.1%-3.9%18.6%5.3%8.6%
Call IV 25d16.4%10.9%22.3%15.8%22.3%
Put IV 25d20.3%14.2%30.8%19.7%26.9%
Bid-Ask Spread %103.2881.13200.0081.1399.24
Gamma HHI0.570.501.000.500.51
Net GEX6.2K2.3K9.0K5.1K7.2K
Net DEX5.6M-53.2K9.0M5.6M9.0M
Net VEX-16.3K-24.8K-109-24.8K-5.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.952060545
Total OI20,542.3816522,74022,66022,740

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-07-02$9.52$10.0012.7%3.6%15.9%0.0%0.0%3.9%1.4%5.1K5.6M-24.8K0.0081.135011,41011,250
2007-07-03$9.55$10.0013.0%3.7%16.0%0.0%0.0%2.6%1.8%5.3K6.1M-21.8K0.0092.730011,41511,250
2007-07-05$9.61$10.0016.0%4.6%16.1%29.3%0.0%4.3%1.5%5.3K5.0M-24.4K0.0083.590011,41511,250
2007-07-06$9.58$10.0015.5%4.5%13.4%27.3%0.0%4.1%1.5%5.4K5.6M-22.7K0.0084.690011,41511,250
2007-07-09$9.52$10.0011.1%3.2%13.0%8.3%0.0%8.4%6.6%5.5K6.2M-20.2K0.00101.800011,41511,250
2007-07-10$9.37$10.0021.0%6.0%14.1%50.1%0.0%7.7%0.8%5.3K7.5M-15.6K0.0095.580011,41511,250
2007-07-11$9.45$10.0020.4%5.9%14.0%47.9%0.0%4.1%1.2%5.4K7.2M-17.4K0.0089.950011,41511,250
2007-07-12$9.60$10.0013.8%4.0%13.7%19.9%0.0%0.0%0.0%2.3K-25.3K-1090.00200.0000650
2007-07-13$9.54$10.0016.5%4.7%13.8%31.2%0.0%3.9%1.3%5.5K6.5M-18.1K0.0087.880011,41511,250
2007-07-16$9.53$10.0013.2%3.8%13.8%17.3%0.0%4.2%2.2%5.5K6.1M-18.5K0.0094.310011,41511,250
2007-07-17$9.61$10.0014.2%4.1%14.2%21.5%0.0%-2.4%1.8%5.5K5.5M-19.6K0.00102.5115011,41511,250
2007-07-18$9.59$10.0016.5%4.7%14.2%31.2%0.0%3.5%1.3%6.1K5.9M-19.4K0.0091.890011,43011,250
2007-07-19$9.75$10.0016.5%4.7%14.8%31.3%0.0%-1.2%1.9%6.1K3.8M-22.5K0.0091.8460011,43011,250
2007-07-20$9.66$10.0014.3%4.1%15.2%21.9%0.0%2.6%1.6%8.9K4.6M-20.3K0.0089.820011,49011,250
2007-07-23$9.73$10.0017.3%5.0%14.7%34.8%0.0%-1.9%1.5%9.0K4.3M-21.0K0.0094.200011,49011,250
2007-07-24$9.59$10.0015.0%4.3%15.5%25.2%0.0%-2.6%1.6%8.8K6.4M-15.4K0.00102.740011,49011,250
2007-07-25$9.62$10.0015.1%4.3%15.4%25.4%0.0%0.0%0.0%5.4K-53.2K-2130.00200.00001400
2007-07-26$9.46$10.0025.2%7.2%15.1%67.8%0.0%10.5%-1.1%8.4K6.4M-14.8K0.0093.980011,49011,250
2007-07-27$9.30$10.0027.7%7.9%16.2%78.6%0.0%11.2%-1.4%7.2K7.8M-10.5K0.0093.140011,49011,250
2007-07-30$9.31$10.0024.3%7.0%16.2%64.3%0.0%6.3%0.2%7.8K8.3M-8.9K0.0097.790011,49011,250
2007-07-31$9.18$10.0025.2%7.2%16.8%67.9%0.0%4.6%-0.1%7.2K9.0M-5.5K0.0099.2445011,49011,250