IGV Options History — April 2012

In April 2012, IGV traded between $12.50 and $13.32. ATM implied volatility averaged 20.2%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.3% (HV 20d: 17.9%). Max pain ranged from $11.80 to $13.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-04-10: Highest Volume — 145 contracts
  • 2012-04-09: Largest IV spike — 15.3% change
  • 2012-04-10: Highest IV Rank — 15.1%
  • 2012-04-09: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.92$12.50$13.32$13.32$12.97
Max Pain$12.04$11.80$13.00$13.00$11.80
ATM IV20.2%17.8%23.2%17.8%20.0%
Expected Move5.8%5.1%6.5%5.1%5.7%
HV 20d17.9%15.2%21.1%16.5%20.9%
HV 60d16.4%15.0%17.9%15.0%17.6%
IV Rank11.0%7.7%15.1%7.7%10.8%
IV Percentile27.6%6.3%54.8%6.3%29.0%
Term Structure1.2%0.3%2.3%1.8%1.1%
VWIV20.7%18.9%23.8%19.2%23.8%
Skew 25d3.7%1.9%4.4%1.9%3.6%
Skew 10d6.0%-0.8%13.1%0.4%2.4%
Call IV 25d18.4%16.9%20.5%17.8%18.8%
Put IV 25d22.1%19.7%24.4%19.7%22.4%
Bid-Ask Spread %62.6846.4279.6964.4247.83
Gamma HHI0.210.150.290.230.26
Net GEX27.7K17.7K43.1K22.1K25.0K
Net DEX-603.2K-700.3K-430.1K-698.2K-664.6K
Net VEX-1.3K-1.5K-1.0K-1.5K-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume12.250145600
Total OI1,447.751,3451,5151,4051,460

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-04-02$13.32$13.0017.8%5.1%16.5%7.7%0.0%1.9%1.8%22.1K-698.2K-1.5K0.0064.42600745660
2012-04-03$13.27$13.0019.5%5.6%15.2%10.0%0.0%2.3%0.9%17.7K-652.1K-1.3K0.0057.9800685660
2012-04-04$13.04$13.0019.8%5.7%16.7%10.4%0.0%2.9%1.0%19.8K-584.2K-1.4K0.0051.3200685660
2012-04-05$13.07$13.0019.4%5.6%16.0%9.9%0.0%3.2%1.4%20.0K-599.2K-1.3K0.0059.2500685660
2012-04-09$12.88$11.8022.3%6.5%16.7%13.9%0.0%4.3%0.6%19.3K-531.4K-1.4K0.0060.2400685660
2012-04-10$12.60$11.8023.2%6.4%18.4%15.1%19.2%4.3%0.7%18.5K-430.1K-1.4K0.0059.871450685660
2012-04-11$12.72$11.8021.9%6.2%16.7%13.3%18.9%4.0%1.4%27.8K-518.3K-1.5K0.0061.9650830660
2012-04-12$12.92$11.8020.2%5.8%17.5%11.0%20.9%4.2%1.6%31.8K-604.2K-1.5K0.0065.21300825660
2012-04-13$12.89$11.8021.5%6.2%17.2%12.8%0.0%4.1%0.6%33.0K-610.9K-1.5K0.0073.9300855660
2012-04-16$12.82$11.8021.1%6.0%17.2%12.2%0.0%3.7%0.3%32.8K-583.5K-1.5K0.0079.6900855660
2012-04-17$13.05$11.8019.4%5.6%18.4%9.9%23.8%3.8%1.8%40.2K-698.5K-1.3K0.0072.3505855660
2012-04-18$13.01$11.8019.3%5.5%18.1%9.8%0.0%3.4%2.1%42.7K-683.9K-1.3K0.0071.8100855660
2012-04-19$12.94$11.8019.0%5.4%18.1%9.4%0.0%4.4%1.7%43.1K-645.3K-1.3K0.0079.6400855660
2012-04-20$12.91$11.8018.8%5.4%17.8%9.1%0.0%3.7%2.3%42.0K-630.1K-1.3K0.0074.0400855660
2012-04-23$12.74$11.8019.5%5.6%18.4%10.0%0.0%4.3%1.4%22.9K-557.3K-1.2K0.0065.8800800660
2012-04-24$12.50$11.8022.3%6.4%17.9%13.9%0.0%3.9%0.6%21.3K-435.2K-1.3K0.0053.3500800660
2012-04-25$12.74$11.8020.7%5.9%19.5%11.7%0.0%3.7%0.6%23.1K-551.8K-1.2K0.0054.9400800660
2012-04-26$13.02$11.8019.3%5.5%21.1%9.8%0.0%3.7%0.8%25.5K-685.2K-1.1K0.0046.4200800660
2012-04-27$13.06$11.8019.7%5.6%20.8%10.3%0.0%4.1%1.6%25.8K-700.3K-1.0K0.0053.5200800660
2012-04-30$12.97$11.8020.0%5.7%20.9%10.8%0.0%3.6%1.1%25.0K-664.6K-1.0K0.0047.8300800660