IGV Options History — June 2008

In June 2008, IGV traded between $9.44 and $10.35. ATM implied volatility averaged 22.4%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 2.7% (HV 20d: 19.7%). Max pain ranged from $9.00 to $10.00. 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

  • 2008-06-13: Highest Volume — 25 contracts
  • 2008-06-20: Largest IV spike — 65.7% change
  • 2008-06-20: Highest IV Rank — 37.0%
  • 2008-06-30: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.95$9.44$10.35$10.18$9.44
Max Pain$9.52$9.00$10.00$9.00$10.00
ATM IV22.4%15.4%37.4%20.5%26.8%
Expected Move6.3%4.4%7.7%5.9%7.7%
HV 20d19.7%14.2%23.2%16.2%22.8%
HV 60d20.8%19.8%21.6%21.3%20.8%
IV Rank20.6%12.9%37.0%18.5%25.4%
IV Percentile48.9%8.7%99.2%39.7%88.1%
Term Structure2.0%-0.0%8.6%1.8%1.8%
VWIV24.0%21.2%26.7%21.2%26.7%
Skew 25d6.2%0.6%12.0%3.7%8.3%
Skew 10d7.4%-0.7%19.1%6.8%14.9%
Call IV 25d19.9%15.2%28.4%18.0%19.5%
Put IV 25d26.1%17.1%36.8%21.7%27.8%
Bid-Ask Spread %90.5566.49117.00102.9272.83
Gamma HHI0.880.510.990.660.97
Net GEX3.2K1.2K4.3K3.0K3.1K
Net DEX-173.1K-250.8K-35.2K-234.4K-35.2K
Net VEX-273-300-238-283-238
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.61902505
Total OI615.952160815790160

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-06-02$10.18$9.0020.5%5.9%16.2%18.5%0.0%3.7%1.8%3.0K-234.4K-2830.00102.9200285505
2008-06-03$10.19$9.0021.4%6.1%16.0%19.4%0.0%7.8%1.4%4.1K-236.7K-2620.0099.48150285505
2008-06-04$10.24$9.0020.4%5.8%15.7%18.4%0.0%2.4%2.7%3.5K-240.9K-2700.00108.8600285505
2008-06-05$10.35$9.0015.4%4.4%14.2%12.9%0.0%0.6%8.6%4.0K-250.8K-2500.00109.8600285505
2008-06-06$10.08$9.0022.6%6.5%17.5%20.8%0.0%2.4%0.9%2.7K-225.6K-2850.00106.8300285505
2008-06-09$10.09$9.0023.4%6.7%17.5%21.7%0.0%2.5%-0.0%3.2K-230.0K-2590.00104.4800285505
2008-06-10$9.99$9.0022.4%6.4%17.4%20.5%0.0%12.0%0.7%4.3K-223.1K-2530.00103.4800285505
2008-06-11$9.77$9.0021.1%6.0%18.8%19.2%21.2%5.4%1.6%1.2K-199.8K-2770.00117.00100285505
2008-06-12$9.84$9.0022.4%6.4%19.0%20.6%0.0%2.1%0.4%2.1K-209.1K-2710.00105.3800285505
2008-06-13$10.03$9.0020.7%5.9%20.0%18.7%0.0%0.8%1.8%3.9K-227.2K-2560.00114.71025285505
2008-06-16$10.08$10.0021.3%6.5%20.1%19.4%0.0%6.9%0.0%3.2K-220.8K-3000.0073.6400285530
2008-06-17$10.05$10.0021.5%6.5%20.1%19.6%0.0%6.9%0.0%3.3K-215.9K-2990.0077.2600285530
2008-06-18$9.95$10.0018.5%6.5%20.2%16.3%0.0%7.6%0.0%3.3K-207.8K-2960.0075.3100285530
2008-06-19$10.13$10.0022.5%6.5%21.1%20.7%0.0%6.7%0.0%3.3K-225.8K-2910.0066.4900285530
2008-06-20$9.86$10.0037.4%6.5%23.2%37.0%0.0%11.0%0.0%3.2K-200.2K-2890.0082.0300285530
2008-06-23$9.80$10.0022.5%6.5%23.1%20.7%0.0%10.9%0.0%3.3K-55.5K-2820.0076.790013525
2008-06-24$9.76$10.0022.7%6.5%21.6%20.9%0.0%10.4%0.0%3.3K-52.6K-2740.0078.630013525
2008-06-25$9.89$10.0022.4%6.4%22.2%20.6%0.0%7.0%0.0%3.5K-61.2K-2790.0071.490013525
2008-06-26$9.62$10.0022.6%6.5%23.2%20.9%0.0%7.3%0.0%3.2K-44.0K-2620.0078.320013525
2008-06-27$9.53$10.0022.1%6.3%23.1%20.2%0.0%8.2%0.0%3.2K-38.9K-2520.0075.770013525
2008-06-30$9.44$10.0026.8%7.7%22.8%25.4%26.7%8.3%0.0%3.1K-35.2K-2380.0072.835013525