IGV Options History — September 2008

In September 2008, IGV traded between $8.66 and $9.83. ATM implied volatility averaged 35.0%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 11.4% (HV 20d: 23.6%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 14 of 14 trading days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-09-19: Highest Volume — 85 contracts
  • 2008-09-19: Largest IV spike — 76.1% change
  • 2008-09-19: Highest IV Rank — 89.6%
  • 2008-09-19: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.30$8.66$9.83$9.83$9.30
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV35.0%20.9%85.4%22.9%85.4%
Expected Move10.0%6.0%24.5%6.6%24.5%
HV 20d23.6%19.9%34.7%22.2%34.7%
HV 60d24.2%23.1%27.6%23.1%27.6%
IV Rank34.4%18.9%89.6%21.1%89.6%
IV Percentile72.3%31.7%99.6%52.4%99.6%
VWIV33.4%20.3%57.1%22.9%57.1%
Skew 25d0.1%-4.0%6.9%-0.2%6.9%
Skew 10d6.2%-2.5%24.7%-0.4%24.7%
Call IV 25d24.3%20.5%29.7%23.1%29.7%
Put IV 25d24.3%21.0%36.6%22.9%36.6%
Bid-Ask Spread %118.17100.82152.06100.82152.06
Gamma HHI0.930.551.000.991.00
Net GEX3.3K9811.9K8.9K119
Net DEX56.2K-42.3K81.0K-42.3K79.1K
Net VEX-75-2800-2790
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume13.5710855085
Total OI375.357360415365360

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-09-02$9.83$10.0022.9%6.6%22.2%21.1%22.9%-0.2%0.0%8.9K-42.3K-2790.00100.82500250115
2008-09-03$9.73$10.0022.0%6.3%19.9%20.2%0.0%-1.2%0.0%11.9K-22.3K-2800.00101.7200300115
2008-09-04$9.43$10.0021.1%6.1%21.3%19.2%20.3%0.5%0.0%5.7K54.5K-1160.00112.18500300115
2008-09-05$9.39$10.0020.9%6.0%21.3%18.9%0.0%0.1%0.0%4.5K62.6K-840.00112.1700300115
2008-09-08$9.46$10.0021.6%6.2%20.0%19.7%0.0%0.7%0.0%3.2K68.3K-550.00108.3900250115
2008-09-09$9.25$10.0024.8%7.1%20.4%23.2%0.0%-4.0%0.0%1.5K74.3K-330.00117.5900250115
2008-09-10$9.34$10.0023.7%6.8%21.0%22.0%0.0%-2.5%0.0%1.9K73.4K-360.00112.9600250115
2008-09-11$9.44$10.0027.0%7.7%21.6%25.6%0.0%0.2%0.0%3.4K65.2K-560.00113.2400250115
2008-09-12$9.41$10.0037.5%10.7%21.4%37.1%0.0%6.9%0.0%4.1K54.7K-810.00125.3200250115
2008-09-15$9.07$10.0040.7%11.7%24.2%40.7%0.0%0.0%0.0%81677.4K-160.00121.3400250115
2008-09-16$9.06$10.0039.2%11.2%23.9%39.0%0.0%0.0%0.0%33079.8K-70.00117.8000250115
2008-09-17$8.66$10.0054.6%15.6%27.7%55.8%57.1%0.0%0.0%16280.7K-30.00126.4505250115
2008-09-18$8.90$10.0048.5%13.9%30.1%49.2%0.0%0.0%0.0%9881.0K-30.00132.3200250115
2008-09-19$9.30$10.0085.4%24.5%34.7%89.6%0.0%0.0%0.0%11979.1K00.00152.06850250110