IGV Options History — December 2007

In December 2007, IGV traded between $9.95 and $10.54. ATM implied volatility averaged 20.4%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.5% (HV 20d: 20.9%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 18 of 19 days.

Notable Days

  • 2007-12-05: Highest Volume — 950 contracts
  • 2007-12-20: Largest IV spike — 470.4% change
  • 2007-12-31: Highest IV Rank — 20.0%
  • 2007-12-03: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.23$9.95$10.54$9.95$10.32
Max Pain$10.86$10.00$11.00$11.00$10.00
ATM IV20.4%3.6%24.2%24.2%21.9%
Expected Move5.8%1.0%6.9%6.9%6.3%
HV 20d20.9%17.8%23.3%21.9%18.1%
HV 60d20.1%19.6%20.7%19.7%20.7%
IV Rank15.2%0.0%20.0%17.7%20.0%
IV Percentile64.2%0.0%82.3%82.3%73.1%
Term Structure2.5%1.0%8.7%1.5%2.0%
VWIV15.3%13.3%17.2%13.3%17.2%
Skew 25d5.8%-0.3%9.9%9.9%2.9%
Skew 10d5.7%0.9%13.5%13.5%8.9%
Call IV 25d15.1%11.9%18.9%17.3%18.9%
Put IV 25d20.9%14.6%27.2%27.2%21.8%
Bid-Ask Spread %103.8787.15200.0087.15106.15
Gamma HHI0.420.341.000.340.36
Net GEX4.1K-3.6K8.9K8.3K6.8K
Net DEX-143.8K-258.0K44.3K-216.9K-218.4K
Net VEX-1.0K-1.3K-362-864-996
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume93.684095000
Total OI574.211180795415545

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-12-03$9.95$0.0024.2%6.9%21.9%17.7%0.0%9.9%1.5%8.3K-216.9K-8640.0087.150039520
2007-12-04$9.98$0.0023.9%6.9%22.0%17.3%0.0%3.0%1.6%8.4K-218.9K-8610.0093.620039520
2007-12-05$10.17$0.0023.3%6.7%23.3%16.6%0.0%7.3%1.4%8.9K-240.3K-8400.0089.80095039520
2007-12-06$10.25$0.0022.0%6.3%22.5%15.1%0.0%7.5%2.0%8.2K-237.0K-9410.0094.970039570
2007-12-07$10.27$0.0021.4%6.1%21.4%14.3%13.3%7.4%2.4%8.4K-241.8K-9220.0099.49030039570
2007-12-10$10.36$11.0022.2%6.4%19.9%15.3%0.0%9.0%1.9%-3.6K-28.2K-1.3K0.00100.14030395370
2007-12-11$10.14$11.0022.9%6.6%21.6%16.1%0.0%6.3%1.4%-2.0K20.8K-1.3K0.0098.5400395400
2007-12-12$10.25$11.0022.9%6.6%21.5%16.1%0.0%7.6%1.4%-3.0K5.5K-1.3K0.0093.1300395400
2007-12-13$10.29$11.0022.9%6.6%21.2%16.1%0.0%7.9%1.8%-3.4K-843-1.3K0.0096.6800395400
2007-12-14$10.21$11.0023.0%6.6%20.9%16.2%0.0%6.8%1.9%-2.5K15.9K-1.3K0.0094.4300395400
2007-12-17$10.03$11.0023.5%6.8%21.4%16.9%17.2%3.9%1.0%-56044.3K-1.3K0.0096.340500395400
2007-12-18$10.07$0.0022.6%6.5%20.8%15.8%0.0%4.2%2.0%6.3K-179.4K-1.1K0.0093.5500395150
2007-12-19$10.10$10.003.6%1.0%20.7%0.0%0.0%0.0%0.0%2.4K-59.9K-3620.00200.000013545
2007-12-20$10.26$0.0020.6%5.9%20.5%18.6%0.0%6.1%2.8%6.7K-215.6K-1.1K0.00101.3600395150
2007-12-21$10.45$0.0017.0%4.9%21.2%14.7%0.0%7.0%8.7%6.9K-240.5K-1.0K0.00105.7800395150
2007-12-26$10.54$0.0013.0%3.7%19.5%10.3%0.0%3.0%3.9%6.9K-258.0K-9590.00111.4400395150
2007-12-27$10.39$0.0016.8%4.8%20.3%14.4%0.0%-0.3%3.3%7.0K-231.0K-9940.00106.6400395150
2007-12-28$10.38$0.0019.8%5.7%17.8%17.8%0.0%4.4%3.2%7.0K-232.2K-9870.00104.3600395150
2007-12-31$10.32$0.0021.9%6.3%18.1%20.0%0.0%2.9%2.0%6.8K-218.4K-9960.00106.1500395150