IGV Options History — December 2012

In December 2012, IGV traded between $12.19 and $12.81. ATM implied volatility averaged 20.7%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 7.7% (HV 20d: 13.0%). Max pain ranged from $11.20 to $12.00. 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

  • 2012-12-07: Highest Volume — 75 contracts
  • 2012-12-13: Largest IV spike — 13.7% change
  • 2012-12-28: Highest IV Rank — 35.4%
  • 2012-12-28: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.51$12.19$12.81$12.24$12.61
Max Pain$11.36$11.20$12.00$12.00$11.20
ATM IV20.7%18.3%23.9%19.9%21.8%
Expected Move6.0%5.6%6.9%5.7%6.2%
HV 20d13.0%11.3%16.4%16.4%11.7%
HV 60d15.2%14.6%16.1%16.1%14.7%
IV Rank17.7%6.6%35.4%8.4%25.4%
IV Percentile31.1%4.4%70.2%22.2%45.6%
Term Structure0.8%-0.0%1.6%0.8%-0.0%
Skew 25d2.5%1.4%4.9%3.3%2.5%
Skew 10d4.2%-2.4%7.9%6.9%2.4%
Call IV 25d20.2%18.5%21.9%18.5%20.5%
Put IV 25d22.6%21.1%26.9%21.8%23.0%
Bid-Ask Spread %51.5125.8870.7953.3265.11
Gamma HHI0.190.150.270.160.16
Net GEX29.4K23.5K38.9K27.1K24.7K
Net DEX-471.3K-606.4K-358.5K-358.5K-498.1K
Net VEX-1.2K-1.5K-851-1.5K-851
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.7507500
Total OI927.258451,000975845

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-12-03$12.24$12.0019.9%5.7%16.4%8.4%0.0%3.3%0.8%27.1K-358.5K-1.5K0.0053.3200735240
2012-12-04$12.28$12.0020.6%5.9%16.4%9.9%0.0%2.3%1.2%26.9K-370.3K-1.5K0.0070.79250735240
2012-12-05$12.19$12.0020.6%5.9%16.2%10.0%0.0%2.1%0.6%27.7K-359.6K-1.5K0.0053.9000760240
2012-12-06$12.23$12.0020.8%5.9%14.1%10.3%0.0%2.0%1.0%28.1K-374.8K-1.5K0.0056.3900760240
2012-12-07$12.24$11.2019.1%6.1%12.9%6.6%0.0%1.5%1.2%28.8K-382.7K-1.5K0.0025.88750760240
2012-12-10$12.32$11.2019.9%6.0%13.0%8.4%0.0%3.3%1.6%27.6K-390.2K-1.3K0.0043.9800685240
2012-12-11$12.54$11.2018.3%5.8%13.7%9.4%0.0%2.9%1.3%31.5K-477.2K-1.3K0.0059.2000685240
2012-12-12$12.48$11.2019.0%6.1%13.4%12.7%0.0%1.8%0.5%30.6K-461.3K-1.3K0.0034.71100685240
2012-12-13$12.41$11.2021.6%6.2%12.8%24.4%0.0%1.6%0.8%30.8K-433.5K-1.3K0.0030.1600695240
2012-12-14$12.49$11.2022.3%6.4%12.8%27.6%0.0%2.1%0.6%32.0K-464.3K-1.3K0.0035.2800695240
2012-12-17$12.62$11.2021.6%6.2%12.9%24.5%0.0%1.6%0.4%35.3K-526.3K-1.1K0.0055.5100695240
2012-12-18$12.80$11.2019.7%5.7%13.0%15.8%0.0%1.4%1.1%32.8K-597.9K-1.1K0.0056.2300695240
2012-12-19$12.81$11.2021.4%6.1%12.3%23.5%0.0%2.1%0.5%32.8K-606.4K-1.1K0.0053.4100695240
2012-12-20$12.78$11.2021.2%6.1%11.5%22.6%0.0%2.5%0.7%36.0K-601.8K-1.0K0.0052.3600695240
2012-12-21$12.74$11.2019.6%5.6%11.4%15.8%0.0%2.3%1.3%38.9K-589.6K-1.0K0.0060.3100695240
2012-12-24$12.70$11.2020.6%5.9%11.6%20.2%0.0%3.2%0.9%23.8K-516.6K-1.0K0.0055.1000640230
2012-12-26$12.60$11.2020.5%5.9%11.8%19.7%0.0%2.9%0.9%25.0K-496.7K-9630.0056.55250640230
2012-12-27$12.57$11.2021.2%6.1%11.3%22.9%0.0%2.8%0.6%24.2K-475.5K-9460.0051.8100615230
2012-12-28$12.49$11.2023.9%6.9%11.3%35.4%0.0%4.9%0.2%23.5K-444.4K-9460.0060.0900615230
2012-12-31$12.61$11.2021.8%6.2%11.7%25.4%0.0%2.5%-0.0%24.7K-498.1K-8510.0065.1100615230