IGV Options History — February 2012

In February 2012, IGV traded between $12.06 and $12.69. ATM implied volatility averaged 19.9%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 5.5% (HV 20d: 14.4%). Max pain ranged from $11.20 to $12.80. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-02-03: Highest Volume — 440 contracts
  • 2012-02-15: Largest IV spike — 13.6% change
  • 2012-02-15: Highest IV Rank — 22.8%
  • 2012-02-06: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.46$12.06$12.69$12.06$12.60
Max Pain$12.40$11.20$12.80$11.20$12.80
ATM IV19.9%18.0%22.3%20.8%19.3%
Expected Move5.8%5.3%6.6%6.0%5.5%
HV 20d14.4%12.8%15.3%13.8%15.3%
HV 60d37.5%21.2%47.5%47.5%21.2%
IV Rank18.0%8.7%22.8%21.0%9.8%
IV Percentile16.4%6.3%34.5%19.0%12.7%
Term Structure1.2%-0.9%2.5%0.8%1.2%
VWIV18.8%18.8%18.8%18.8%18.8%
Skew 25d2.0%0.4%4.1%4.1%2.3%
Skew 10d2.9%-3.6%26.4%3.2%-1.2%
Call IV 25d19.2%17.0%21.7%18.3%18.3%
Put IV 25d21.2%18.6%23.3%22.4%20.6%
Bid-Ask Spread %55.6625.4386.5773.6873.17
Gamma HHI0.180.130.420.160.14
Net GEX17.1K10.2K22.3K17.1K22.3K
Net DEX-643.5K-839.7K-368.8K-502.6K-668.7K
Net VEX-2.5K-3.0K-1.4K-2.6K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume36.75044000
Total OI1,604.251,1401,8401,6001,545

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-02-01$12.06$11.2020.8%6.0%13.8%21.0%0.0%4.1%0.8%17.1K-502.6K-2.6K0.0073.6800895705
2012-02-02$12.14$11.2020.0%5.7%12.8%20.0%0.0%0.8%1.0%18.1K-715.0K-3.0K0.0086.57001,080760
2012-02-03$12.36$0.0018.6%5.5%13.4%18.3%0.0%1.3%0.1%17.1K-839.7K-2.7K0.0034.7044001,080760
2012-02-06$12.31$0.0019.8%6.6%13.9%19.8%0.0%1.7%-0.9%12.8K-368.8K-1.4K0.0086.00550540600
2012-02-07$12.36$0.0019.5%5.9%13.5%19.5%0.0%1.5%0.2%19.0K-683.3K-3.0K0.0034.51501,005760
2012-02-08$12.38$0.0018.0%5.7%13.2%17.6%0.0%3.1%1.5%11.8K-565.9K-2.3K0.0048.4200835760
2012-02-09$12.53$0.0019.9%5.7%13.5%19.9%0.0%1.2%2.5%10.2K-608.9K-2.3K0.0070.2700835760
2012-02-10$12.35$0.0021.3%6.1%15.3%21.6%0.0%2.1%1.2%17.5K-625.4K-2.9K0.0025.43600965760
2012-02-13$12.47$0.0021.6%6.2%14.7%21.9%0.0%0.9%0.5%14.3K-646.4K-2.7K0.0042.8700910760
2012-02-14$12.51$0.0019.6%5.6%14.7%19.5%0.0%1.1%1.2%14.5K-675.9K-2.6K0.0065.83500910760
2012-02-15$12.43$0.0022.3%6.4%13.8%22.8%0.0%1.5%1.0%12.9K-623.5K-2.7K0.0035.47055910760
2012-02-16$12.66$0.0020.8%6.0%14.2%21.1%0.0%0.4%1.8%15.9K-746.0K-2.4K0.0058.0250910705
2012-02-17$12.54$0.0021.0%6.0%15.0%21.2%0.0%2.4%1.7%15.4K-686.6K-2.5K0.0045.4700905705
2012-02-21$12.45$0.0020.2%5.8%15.2%20.2%18.8%2.8%1.4%16.5K-571.7K-2.4K0.0051.35650825655
2012-02-22$12.48$12.8019.5%5.6%15.1%19.4%0.0%3.1%1.9%21.0K-605.6K-2.4K0.0057.9000890655
2012-02-23$12.55$12.8018.7%5.4%15.0%18.5%0.0%2.1%2.1%20.8K-637.4K-2.4K0.0051.1800890655
2012-02-24$12.69$12.8018.6%5.3%15.1%8.7%0.0%1.7%1.8%21.2K-695.8K-2.2K0.0051.3700890655
2012-02-27$12.69$12.8019.6%5.6%15.1%10.1%0.0%2.3%1.0%21.6K-696.2K-2.2K0.0055.7400890655
2012-02-28$12.69$12.8018.9%5.4%14.9%9.3%0.0%3.1%1.2%22.3K-707.5K-2.1K0.0065.2000890655
2012-02-29$12.60$12.8019.3%5.5%15.3%9.8%0.0%2.3%1.2%22.3K-668.7K-2.2K0.0073.1700890655