IGV Options History — January 2008

In January 2008, IGV traded between $8.99 and $10.13. ATM implied volatility averaged 25.9%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.4% (HV 20d: 22.5%). Max pain ranged from $9.00 to $9.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-01-16: Highest Volume — 100 contracts
  • 2008-01-15: Largest IV spike — 27.8% change
  • 2008-01-22: Highest IV Rank — 29.5%
  • 2008-01-22: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.46$8.99$10.13$10.13$9.30
Max Pain$9.00$9.00$9.00$9.00$9.00
ATM IV25.9%18.1%30.5%22.6%29.1%
Expected Move7.6%6.0%8.8%6.5%8.3%
HV 20d22.5%19.1%25.0%19.2%24.4%
HV 60d22.0%20.9%23.3%21.1%22.0%
IV Rank24.4%15.9%29.5%20.9%27.9%
IV Percentile86.3%48.4%98.8%76.4%96.4%
Term Structure-0.4%-3.6%3.0%1.2%-2.2%
VWIV30.5%30.5%30.5%30.5%30.5%
Skew 25d6.9%3.4%11.1%3.4%8.2%
Skew 10d8.2%4.4%17.3%5.4%11.6%
Call IV 25d20.9%16.1%24.5%20.1%21.5%
Put IV 25d27.8%23.5%30.2%23.5%29.6%
Bid-Ask Spread %92.6778.54104.8495.6799.29
Gamma HHI0.450.340.650.340.61
Net GEX5.9K3.4K7.0K6.7K7.0K
Net DEX-88.4K-188.8K-1.8K-188.8K-73.7K
Net VEX-954-1.0K-881-1.0K-939
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume15.47601000100
Total OI581.905540650545640

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-01-02$10.13$0.0022.6%6.5%19.2%20.9%0.0%3.4%1.2%6.7K-188.8K-1.0K0.0095.6700395150
2008-01-03$10.13$0.0022.1%6.3%19.1%20.3%0.0%8.8%1.4%6.7K-184.2K-9910.0095.3500395150
2008-01-04$9.82$0.0023.0%6.9%22.1%21.3%0.0%7.0%0.4%6.1K-144.2K-1.0K0.0087.0100395150
2008-01-07$9.79$0.0022.8%6.8%20.9%21.1%0.0%8.3%1.1%6.2K-142.7K-1.0K0.0078.54150395150
2008-01-08$9.58$0.0019.5%7.0%21.7%17.4%0.0%7.0%2.3%5.8K-108.5K-9880.0083.0750395150
2008-01-09$9.58$0.0018.1%6.3%21.6%15.9%0.0%5.3%3.0%6.0K-113.4K-9870.0085.1600400150
2008-01-10$9.64$0.0021.8%6.3%21.5%20.0%0.0%4.8%0.9%6.2K-116.9K-9790.0088.1450400150
2008-01-11$9.47$0.0027.3%7.8%21.1%26.0%0.0%5.7%0.1%5.8K-84.9K-9350.0085.87100400150
2008-01-14$9.58$0.0020.9%6.0%21.2%18.9%0.0%5.3%1.0%5.9K-102.2K-9280.0092.1800390150
2008-01-15$9.39$0.0026.7%7.7%21.8%25.3%0.0%10.6%-0.0%5.4K-75.4K-8880.0098.8900390150
2008-01-16$9.46$0.0027.2%7.8%22.1%25.8%0.0%5.4%-0.5%5.6K-86.1K-9090.0090.600100390150
2008-01-17$9.25$0.0028.5%8.2%22.6%27.3%0.0%8.4%-0.6%4.0K-33.7K-9720.0094.9100390200
2008-01-18$9.26$0.0027.8%8.0%22.5%26.5%0.0%7.4%-0.3%4.1K-33.7K-9700.0097.2700390200
2008-01-22$8.99$0.0030.5%8.8%24.1%29.5%30.5%4.2%-2.8%3.4K-1.8K-8810.0092.74600390200
2008-01-23$9.08$9.0030.4%8.7%23.5%29.3%0.0%5.2%-3.1%6.3K-37.5K-9530.0095.07150450200
2008-01-24$9.33$9.0029.3%8.4%25.0%28.2%0.0%11.1%-1.2%6.3K-70.6K-9430.0091.8300435200
2008-01-25$9.21$9.0029.2%8.4%24.5%28.1%0.0%7.4%-3.6%6.7K-59.7K-9570.0095.7100435200
2008-01-28$9.22$9.0028.9%8.3%24.4%27.7%0.0%7.5%-1.5%6.7K-62.6K-9370.0094.9950435200
2008-01-29$9.25$9.0029.5%8.5%24.6%28.4%0.0%7.2%-2.2%6.6K-63.1K-9170.0098.9800430200
2008-01-30$9.30$9.0027.8%8.0%24.9%26.5%0.0%5.7%-1.2%6.8K-72.0K-9230.00104.84100430200
2008-01-31$9.30$9.0029.1%8.3%24.4%27.9%0.0%8.2%-2.2%7.0K-73.7K-9390.0099.290100440200