IGV Options History — February 2008

In February 2008, IGV traded between $8.92 and $9.50. ATM implied volatility averaged 24.6%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.9% (HV 20d: 23.7%). Max pain ranged from $9.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-02-13: Highest Volume — 100 contracts
  • 2008-02-05: Largest IV spike — 44.9% change
  • 2008-02-05: Highest IV Rank — 29.9%
  • 2008-02-05: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.17$8.92$9.50$9.50$8.92
Max Pain$9.00$9.00$9.00$9.00$9.00
ATM IV24.6%20.2%30.9%20.4%24.2%
Expected Move7.1%5.9%8.1%5.9%6.9%
HV 20d23.7%20.5%26.1%26.1%21.9%
HV 60d22.5%21.5%23.1%22.4%21.8%
IV Rank22.9%18.2%29.9%18.4%22.6%
IV Percentile76.1%57.1%98.8%60.3%75.0%
Term Structure1.2%-0.9%6.1%6.1%1.2%
VWIV16.5%16.5%16.5%16.5%16.5%
Skew 25d6.7%0.5%11.5%2.3%0.5%
Skew 10d6.8%0.9%19.2%3.6%0.9%
Call IV 25d17.8%13.0%23.8%17.6%23.8%
Put IV 25d24.5%19.9%30.5%19.9%24.3%
Bid-Ask Spread %94.7175.15107.56107.5696.96
Gamma HHI0.620.380.950.380.95
Net GEX6.1K3.5K11.7K5.5K3.5K
Net DEX-30.5K-94.1K24.7K-94.1K24.7K
Net VEX-821-1.1K-608-1.1K-608
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6010005
Total OI646.75565740740565

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$9.50$9.0020.4%5.9%26.1%18.4%0.0%2.3%6.1%5.5K-94.1K-1.1K0.00107.5600440300
2008-02-04$9.42$9.0021.3%7.8%24.1%19.4%0.0%8.2%-0.9%5.9K-76.8K-1.0K0.0087.2500440300
2008-02-05$9.15$9.0030.9%8.1%26.0%29.9%0.0%9.3%-0.9%6.1K-28.4K-1.0K0.0091.5600440300
2008-02-06$9.02$9.0030.2%8.1%25.4%29.1%0.0%11.5%-0.5%6.2K-3.0K-9910.0089.5800440300
2008-02-07$9.00$9.0028.2%7.7%25.4%27.0%16.5%5.5%0.2%6.8K-1.1K-9850.0093.52015440300
2008-02-08$9.07$9.0026.6%7.6%25.5%25.2%0.0%7.4%0.5%7.9K-24.8K-9690.0098.2200440285
2008-02-11$9.17$9.0020.2%7.7%25.3%18.2%0.0%8.4%0.1%9.6K-48.1K-9480.0090.3100440285
2008-02-12$9.22$9.0024.0%7.4%24.9%22.4%0.0%8.8%0.7%8.4K-60.3K-9500.0094.6400440285
2008-02-13$9.41$9.0030.4%7.1%25.1%29.3%0.0%11.5%1.2%5.5K-90.5K-9500.0094.830100440285
2008-02-14$9.21$9.0024.7%7.1%26.0%23.1%0.0%7.4%1.1%10.0K-70.3K-7710.0097.2200440185
2008-02-15$9.16$9.0024.4%7.0%24.8%22.8%0.0%6.8%1.2%11.7K-64.6K-7430.0092.9500440185
2008-02-19$9.11$9.0024.6%7.0%24.8%23.0%0.0%5.3%1.3%4.1K-9.3K-7050.0097.3100380185
2008-02-20$9.22$9.0023.8%6.8%22.7%22.1%0.0%6.7%1.1%4.4K-20.6K-7200.0097.3400380185
2008-02-21$9.14$9.0023.5%6.7%22.7%21.8%0.0%5.3%1.6%4.2K-8.5K-6890.0096.9100380185
2008-02-22$9.07$9.0023.0%6.6%20.5%21.2%0.0%4.1%1.7%4.1K-215-6720.00102.0200380185
2008-02-25$9.18$9.0023.3%6.7%20.5%21.6%0.0%10.8%1.4%4.4K-11.2K-6690.0075.1500380185
2008-02-26$9.22$9.0022.5%6.5%20.6%20.7%0.0%5.9%2.0%4.5K-16.7K-6630.0094.8000380185
2008-02-27$9.16$9.0022.3%6.4%20.7%20.5%0.0%4.5%1.8%4.3K-6.5K-6370.0097.4100380185
2008-02-28$9.11$9.0022.4%6.4%20.7%20.6%0.0%3.7%2.1%4.2K822-6320.0098.5600380185
2008-02-29$8.92$9.0024.2%6.9%21.9%22.6%0.0%0.5%1.2%3.5K24.7K-6080.0096.9650380185