IGV Options History — September 2007

In September 2007, IGV traded between $9.38 and $10.00. ATM implied volatility averaged 18.4%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 0.5% (HV 20d: 17.8%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-09-24: Highest Volume — 85 contracts
  • 2007-09-07: Largest IV spike — 78.1% change
  • 2007-09-10: Highest IV Rank — 72.9%
  • 2007-09-07: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.69$9.38$10.00$9.59$10.00
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV18.4%14.1%26.4%14.8%17.8%
Expected Move5.5%4.0%7.9%4.3%5.1%
HV 20d17.8%15.3%19.4%19.4%15.4%
HV 60d18.1%17.6%18.5%17.8%18.3%
IV Rank39.2%21.0%72.9%24.3%37.0%
IV Percentile54.0%15.3%95.9%19.0%57.0%
Term Structure2.6%-2.4%7.6%6.8%1.8%
Skew 25d4.0%-0.7%7.6%4.9%1.0%
Skew 10d4.6%-0.9%9.8%1.3%1.5%
Call IV 25d17.4%13.3%20.6%13.3%16.5%
Put IV 25d21.5%15.7%27.4%18.2%17.5%
Bid-Ask Spread %83.5239.96114.38114.3861.63
Gamma HHI0.540.360.790.500.47
Net GEX8.9K3.3K14.6K9.8K5.7K
Net DEX-153.1K-183.3K-73.6K-161.7K-129.7K
Net VEX-425-581-349-372-572
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.789085105
Total OI297.632145330310230

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-09-04$9.59$7.0014.8%4.3%19.4%24.3%0.0%4.9%6.8%9.8K-161.7K-3720.00114.381003100
2007-09-05$9.56$7.0014.1%4.0%19.4%21.1%0.0%3.8%7.1%9.2K-161.5K-3850.00106.751003200
2007-09-06$9.56$7.0014.1%4.0%19.4%21.0%0.0%2.9%7.6%9.3K-165.9K-4110.00107.90003300
2007-09-07$9.41$0.0025.0%7.9%17.7%67.2%0.0%6.8%-2.4%10.4K-149.2K-4400.0076.01003300
2007-09-10$9.38$0.0026.4%7.9%17.6%72.9%0.0%7.0%-1.3%10.3K-144.6K-4220.0086.40003300
2007-09-11$9.57$0.0017.1%6.0%18.9%33.7%0.0%7.1%1.4%9.1K-166.3K-3970.0079.83003300
2007-09-12$9.58$0.0016.0%5.9%18.3%29.1%0.0%7.6%2.2%8.7K-167.1K-3900.0079.24003300
2007-09-13$9.59$0.0020.7%5.9%17.1%49.1%0.0%7.6%1.9%9.1K-167.3K-3890.0080.76003300
2007-09-14$9.59$0.0020.3%5.8%16.9%47.2%0.0%7.3%2.0%8.5K-166.4K-3840.0081.80003300
2007-09-17$9.54$0.0020.9%6.0%16.8%50.0%0.0%6.4%1.3%7.9K-161.5K-3740.0080.32003300
2007-09-18$9.78$0.0018.9%5.4%18.3%41.3%0.0%6.2%2.7%12.7K-178.8K-3790.0085.10003300
2007-09-19$9.81$0.0018.2%5.2%18.3%38.4%0.0%-0.1%3.1%14.6K-183.3K-3750.0096.14003300
2007-09-20$9.79$0.0018.4%5.3%18.4%39.4%0.0%5.9%3.1%10.8K-173.6K-3600.0086.20003300
2007-09-21$9.79$0.0017.0%4.9%18.4%33.5%0.0%-0.2%3.7%12.1K-177.2K-3580.0093.60003300
2007-09-24$9.72$0.0016.0%4.6%18.3%29.0%0.0%-0.7%3.1%3.3K-73.6K-3490.0095.768501450
2007-09-25$9.87$0.0018.3%5.2%18.7%38.7%0.0%0.7%1.8%5.8K-123.6K-5710.0039.96002300
2007-09-26$9.94$0.0017.8%5.1%16.6%36.6%0.0%1.2%1.8%5.6K-127.3K-5810.0044.19002300
2007-09-27$9.98$0.0017.4%5.0%15.3%35.2%0.0%0.9%2.3%5.7K-130.2K-5730.0090.82002300
2007-09-28$10.00$0.0017.8%5.1%15.4%37.0%0.0%1.0%1.8%5.7K-129.7K-5720.0061.63502300