IGV Options History — September 2012

In September 2012, IGV traded between $12.56 and $13.31. ATM implied volatility averaged 22.3%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 7.8% (HV 20d: 14.5%). Max pain ranged from $11.60 to $12.60. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.30.

Notable Days

  • 2012-09-25: Highest Volume — 90 contracts
  • 2012-09-10: Largest IV spike — 18.5% change
  • 2012-09-04: Highest IV Rank — 14.9%
  • 2012-09-04: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.97$12.56$13.31$12.67$12.74
Max Pain$12.44$11.60$12.60$11.60$12.60
ATM IV22.3%19.6%26.3%26.3%21.3%
Expected Move6.4%5.6%7.5%7.5%6.1%
HV 20d14.5%11.7%17.3%12.6%16.5%
HV 60d22.9%20.7%24.5%24.4%21.0%
IV Rank9.2%5.2%14.9%14.9%7.7%
IV Percentile42.8%17.9%73.4%73.4%32.9%
Term Structure1.6%0.4%2.9%1.9%2.1%
Skew 25d2.9%1.0%4.9%4.4%2.0%
Skew 10d5.4%1.6%12.3%6.9%10.2%
Call IV 25d21.7%18.5%25.1%24.1%20.9%
Put IV 25d24.6%20.5%29.5%28.5%22.9%
Bid-Ask Spread %37.1217.7375.7038.8945.64
Gamma HHI0.150.140.160.160.15
Net GEX10.6K7.4K15.4K7.6K14.7K
Net DEX-364.6K-458.5K-252.1K-252.1K-312.5K
Net VEX-1.7K-1.8K-1.6K-1.8K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.001.000.000.80
Total Volume18.684090055
Total OI857.105800940800840

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-09-04$12.67$11.6026.3%7.5%12.6%14.9%0.0%4.4%1.9%7.6K-252.1K-1.8K0.0038.8900485315
2012-09-05$12.71$11.6026.1%7.5%11.7%14.6%0.0%4.3%1.3%7.6K-259.2K-1.8K0.0033.9900485315
2012-09-06$13.06$11.6023.5%6.8%15.0%11.0%0.0%1.0%1.7%7.4K-346.0K-1.6K0.0075.70700485315
2012-09-07$13.02$12.6019.7%6.4%15.1%5.4%0.0%3.3%1.7%8.0K-348.4K-1.6K0.0030.04550485315
2012-09-10$12.98$12.6023.3%6.9%15.2%10.7%0.0%2.8%1.7%10.8K-363.1K-1.7K0.0021.8200540315
2012-09-11$13.01$12.6023.8%6.9%15.0%11.4%0.0%3.6%1.0%10.8K-369.9K-1.7K0.0019.21100540315
2012-09-12$13.06$12.6024.6%7.1%14.5%12.4%0.0%3.1%0.7%11.0K-389.3K-1.7K0.0017.7300550315
2012-09-13$13.18$12.6022.3%6.4%14.4%9.2%0.0%3.0%1.3%10.2K-424.8K-1.6K1.0024.121010550315
2012-09-14$13.31$12.6023.2%6.7%13.5%10.5%0.0%1.7%0.4%9.5K-458.5K-1.6K0.0027.6400560325
2012-09-17$13.24$12.6023.4%6.7%13.6%10.8%0.0%3.1%0.9%9.5K-444.7K-1.6K0.0022.2100560325
2012-09-18$13.14$12.6021.9%6.3%13.6%8.5%0.0%3.3%1.9%9.2K-427.8K-1.6K0.0029.2300560325
2012-09-19$13.15$12.6020.7%5.9%13.6%6.8%0.0%3.8%1.7%9.1K-431.4K-1.6K0.0030.2900560325
2012-09-20$13.13$12.6020.3%5.8%13.7%6.3%0.0%2.1%2.0%9.5K-429.9K-1.6K0.0038.16550560325
2012-09-21$13.09$12.6019.6%5.6%13.5%5.3%0.0%2.6%2.9%12.9K-451.9K-1.7K0.0038.0500615325
2012-09-24$12.95$12.6019.7%5.6%14.1%5.4%0.0%3.3%2.3%13.1K-352.0K-1.7K0.0046.6800565315
2012-09-25$12.71$12.6021.4%6.1%15.8%7.9%0.0%1.7%1.8%12.0K-282.7K-1.7K0.8037.355040565315
2012-09-26$12.56$12.6023.2%6.6%16.4%10.4%0.0%4.9%1.9%12.8K-258.1K-1.6K0.0061.2900565275
2012-09-27$12.77$12.6019.6%5.6%17.3%5.2%0.0%1.4%2.2%15.4K-324.8K-1.6K0.0067.1600565275
2012-09-28$12.74$12.6021.3%6.1%16.5%7.7%0.0%2.0%2.1%14.7K-312.5K-1.6K0.0045.64055565275