IGV Options History — May 2008

In May 2008, IGV traded between $9.64 and $10.35. ATM implied volatility averaged 18.6%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 1.2% (HV 20d: 19.8%). Max pain ranged from $9.00 to $9.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-05-09: Highest Volume — 50 contracts
  • 2008-05-30: Largest IV drop — 20.6% change
  • 2008-05-29: Highest IV Rank — 18.6%
  • 2008-05-29: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.95$9.64$10.35$9.76$10.35
Max Pain$9.00$9.00$9.00$9.00$9.00
ATM IV18.6%15.4%20.6%18.1%16.4%
Expected Move5.3%4.4%5.9%5.2%4.7%
HV 20d19.8%14.8%23.2%22.2%14.8%
HV 60d21.4%20.9%22.0%21.9%21.0%
IV Rank16.4%13.0%18.6%15.9%14.0%
IV Percentile31.5%13.5%40.9%29.8%14.7%
Term Structure2.2%1.4%3.4%1.4%3.4%
VWIV18.0%16.9%19.1%16.9%19.1%
Skew 25d1.5%-1.2%9.5%-0.4%-0.9%
Skew 10d3.7%1.0%12.8%3.5%5.5%
Call IV 25d16.2%11.2%18.0%17.1%15.2%
Put IV 25d17.8%14.3%20.9%16.6%14.3%
Bid-Ask Spread %98.5288.96108.81100.57107.31
Gamma HHI0.650.500.850.810.82
Net GEX-3.6K-11.6K3.6K-9.9K3.6K
Net DEX-163.3K-248.6K-60.5K-70.5K-248.6K
Net VEX-587-983-269-983-269
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume505050
Total OI825.714790890890790

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-05-01$9.76$9.0018.1%5.2%22.2%15.9%0.0%-0.4%1.4%-9.9K-70.5K-9830.00100.5750285605
2008-05-02$9.76$9.0017.6%5.0%22.3%15.3%0.0%-0.7%1.7%-10.0K-73.6K-9720.0099.4800285605
2008-05-05$9.70$9.0017.3%4.9%22.4%15.0%0.0%-1.2%2.4%-10.8K-60.5K-9390.00101.2500285605
2008-05-06$9.81$9.0018.0%5.2%22.5%15.8%0.0%-0.2%2.0%-9.4K-99.9K-8410.0098.8900285605
2008-05-07$9.64$9.0015.4%4.4%23.2%13.0%0.0%-1.2%2.7%-11.6K-61.0K-8960.00108.8100285605
2008-05-08$9.72$9.0017.8%5.1%23.1%15.6%0.0%-1.0%2.2%-10.4K-91.5K-8120.0099.6900285605
2008-05-09$9.77$9.0019.0%5.5%20.1%16.9%16.9%-0.1%1.6%-9.6K-102.5K-8100.0099.85050285605
2008-05-12$9.89$9.0019.1%5.5%20.2%17.0%19.1%1.0%1.5%-6.2K-146.2K-6670.0098.58050285555
2008-05-13$9.99$9.0018.8%5.4%20.3%16.6%0.0%2.1%1.8%-1.8K-188.1K-5310.0096.0800285505
2008-05-14$10.01$9.0018.8%5.4%19.0%16.7%0.0%2.3%1.9%-1.3K-193.3K-4940.0097.5100285505
2008-05-15$10.10$9.0018.8%5.4%19.1%16.6%0.0%4.0%1.7%-122-209.5K-4520.0092.8200285505
2008-05-16$10.09$9.0018.0%5.2%18.4%15.8%0.0%3.4%2.8%241-210.9K-4290.0097.7200285505
2008-05-19$10.03$9.0018.8%5.4%18.7%16.7%0.0%2.5%2.3%-165-205.5K-4400.0096.0900285505
2008-05-20$9.96$9.0019.0%5.5%18.6%16.9%0.0%1.7%2.5%-1.3K-193.9K-4670.0094.0700285505
2008-05-21$9.92$9.0019.9%5.7%18.2%17.8%0.0%0.9%2.3%-2.1K-185.5K-4930.0096.0100285505
2008-05-22$9.99$9.0019.2%5.5%17.9%17.1%0.0%2.2%2.9%-461-203.0K-4270.0097.1800285505
2008-05-23$9.91$9.0019.8%5.7%17.9%17.8%0.0%0.9%2.8%-1.7K-189.8K-4510.0098.0300285505
2008-05-27$10.12$9.0020.1%5.8%19.1%18.0%0.0%3.4%2.3%1.7K-224.7K-3340.00101.6300285505
2008-05-28$10.16$9.0020.3%5.8%19.1%18.3%0.0%4.0%1.9%2.0K-228.3K-3280.0098.4200285505
2008-05-29$10.31$9.0020.6%5.9%18.6%18.6%0.0%9.5%1.7%2.8K-241.9K-2910.0088.9600285505
2008-05-30$10.35$9.0016.4%4.7%14.8%14.0%0.0%-0.9%3.4%3.6K-248.6K-2690.00107.3100285505