IGV Options History — May 2012

In May 2012, IGV traded between $11.82 and $13.15. ATM implied volatility averaged 24.3%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.0% (HV 20d: 20.4%). Max pain ranged from $11.80 to $11.80. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-05-31: Highest Volume — 460 contracts
  • 2012-05-14: Largest IV spike — 11.6% change
  • 2012-05-16: Highest IV Rank — 20.1%
  • 2012-05-31: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.34$11.82$13.15$13.09$11.89
Max Pain$11.80$11.80$11.80$11.80$11.80
ATM IV24.3%18.9%27.5%19.9%27.5%
Expected Move7.0%5.4%7.9%5.7%7.9%
HV 20d20.4%18.9%22.6%20.8%18.9%
HV 60d18.4%17.3%19.3%17.3%19.0%
IV Rank15.9%9.3%20.1%10.6%18.6%
IV Percentile64.4%16.3%82.9%28.2%82.9%
Term Structure-0.2%-1.7%1.0%0.8%-1.7%
VWIV20.1%20.1%20.1%20.1%20.1%
Skew 25d3.2%2.0%4.3%3.6%2.3%
Skew 10d6.9%3.0%14.4%4.6%8.6%
Call IV 25d22.2%17.7%25.2%17.7%25.2%
Put IV 25d25.4%21.0%27.7%21.3%27.6%
Bid-Ask Spread %44.0522.8961.3945.8950.36
Gamma HHI0.470.180.790.320.78
Net GEX6.9K-31.1K28.0K26.8K6.4K
Net DEX-234.5K-720.6K30.5K-720.6K-42.3K
Net VEX-600-935-297-935-297
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume21.59104600460
Total OI934.3182251,4601,460225

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-05-01$13.09$11.8019.9%5.7%20.8%10.6%0.0%3.6%0.8%26.8K-720.6K-9350.0045.8900800660
2012-05-02$13.15$11.8018.9%5.4%20.8%9.3%0.0%3.1%1.0%28.0K-716.1K-8790.0048.0700775660
2012-05-03$13.01$11.8020.0%5.7%20.2%10.7%20.1%3.0%1.0%21.9K-527.8K-8730.0050.80100665660
2012-05-04$12.69$0.0021.7%6.6%22.1%13.1%0.0%3.5%0.2%13.6K-414.9K-8930.0022.8900675660
2012-05-07$12.61$0.0024.1%6.8%21.6%16.3%0.0%3.2%-0.4%11.9K-386.2K-8450.0028.2000675660
2012-05-08$12.51$0.0023.1%6.6%20.4%14.9%0.0%2.5%0.2%8.1K-346.9K-8210.0026.8700675660
2012-05-09$12.53$0.0023.5%6.7%20.1%15.5%0.0%3.2%0.3%8.2K-359.0K-8030.0028.3800675660
2012-05-10$12.27$0.0025.2%7.2%20.3%17.8%0.0%2.9%-0.5%5.3K-252.6K-7650.0038.2400675660
2012-05-11$12.37$0.0023.9%6.8%20.6%16.0%0.0%3.3%0.0%3.0K-299.1K-7360.0030.1900675660
2012-05-14$12.27$0.0026.7%7.6%20.7%19.8%0.0%4.3%-1.1%942-265.4K-6640.0043.3500675660
2012-05-15$12.32$0.0024.8%7.1%19.5%17.2%0.0%3.9%-0.7%-1.5K-284.9K-6250.0035.5300675660
2012-05-16$12.17$0.0026.9%7.7%19.7%20.1%0.0%4.1%-0.5%-921-142.9K-5720.0061.3900625660
2012-05-17$11.98$0.0026.9%7.7%20.2%20.1%0.0%2.3%-1.0%-1.5K-22.3K-4510.0058.0700625660
2012-05-18$11.82$0.0026.7%7.6%20.5%19.8%0.0%2.0%-0.3%-31.1K30.5K-3670.0057.0750625660
2012-05-21$12.12$0.0025.1%7.2%22.6%17.7%0.0%3.6%-0.7%7.6K-59.9K-3890.0044.73002250
2012-05-22$12.22$0.0024.4%7.0%22.0%14.2%0.0%3.2%0.1%8.1K-64.0K-4100.0047.73002250
2012-05-23$12.25$0.0024.3%7.0%20.7%14.0%0.0%3.3%-0.2%8.3K-67.8K-4150.0051.21002250
2012-05-24$12.08$0.0025.0%7.2%19.1%15.0%0.0%2.6%-0.6%7.4K-55.2K-3760.0053.74002250
2012-05-25$12.09$0.0025.1%7.2%19.0%15.1%0.0%3.9%-0.3%7.5K-55.7K-3750.0046.76002250
2012-05-29$12.16$0.0024.9%7.1%19.3%14.9%0.0%3.0%-0.2%8.0K-59.0K-3700.0055.01002250
2012-05-30$11.96$0.0027.3%7.8%19.2%18.2%0.0%3.0%-0.8%6.7K-46.7K-3280.0044.61002250
2012-05-31$11.89$0.0027.5%7.9%18.9%18.6%0.0%2.3%-1.7%6.4K-42.3K-2970.0050.3646002250