IGV Options History — January 2013

In January 2013, IGV traded between $12.82 and $13.55. ATM implied volatility averaged 16.7%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.5% (HV 20d: 15.1%). Max pain ranged from $11.20 to $13.20. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-01-18: Highest Volume — 120 contracts
  • 2013-01-22: Largest IV spike — 18.6% change
  • 2013-01-14: Highest IV Rank — 13.3%
  • 2013-01-09: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.13$12.82$13.55$12.99$13.35
Max Pain$12.19$11.20$13.20$11.20$13.20
ATM IV16.7%14.5%18.7%18.7%16.3%
Expected Move4.9%4.2%5.4%5.4%4.7%
HV 20d15.1%12.8%16.3%15.1%12.8%
HV 60d15.3%14.4%16.1%15.9%14.7%
IV Rank7.4%0.0%13.3%11.3%8.8%
IV Percentile2.9%0.0%7.1%7.1%2.8%
Term Structure1.5%-0.9%3.5%-0.9%0.7%
VWIV15.0%11.3%17.9%16.5%15.3%
Skew 25d1.9%0.6%5.6%0.6%1.7%
Skew 10d1.6%-3.8%4.7%-1.2%1.5%
Call IV 25d16.4%12.2%18.8%18.8%15.3%
Put IV 25d18.3%16.0%20.0%19.4%16.9%
Bid-Ask Spread %73.3548.6593.1382.7668.71
Gamma HHI0.390.180.670.180.67
Net GEX24.2K12.6K37.3K19.8K16.4K
Net DEX-322.9K-677.8K-99.7K-629.7K-119.2K
Net VEX-468-627-334-564-479
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume18.0950120100
Total OI574.762345940845400

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-01-02$12.99$11.2018.7%5.4%15.1%11.3%0.0%0.6%-0.9%19.8K-629.7K-5640.0082.76100615230
2013-01-03$12.82$11.2016.7%4.8%16.2%2.4%16.5%1.3%2.4%20.2K-574.1K-6270.0083.62550605230
2013-01-04$12.90$11.4015.7%5.4%15.9%0.0%0.0%2.8%0.9%28.4K-632.6K-5950.0072.7700660230
2013-01-07$12.85$11.4015.8%5.4%16.1%0.4%0.0%1.7%2.2%28.4K-621.9K-5500.0048.65500660230
2013-01-08$12.85$11.4015.0%5.3%16.1%0.0%0.0%1.8%2.8%33.1K-677.8K-5630.0054.9900710230
2013-01-09$12.98$11.6016.5%5.4%16.3%6.2%0.0%1.9%2.3%29.2K-570.2K-5080.0051.0100590230
2013-01-10$13.02$11.6017.3%5.0%15.3%9.7%0.0%5.6%3.5%30.8K-357.5K-4530.0078.0600415230
2013-01-11$13.10$11.6017.6%5.0%15.2%11.1%0.0%1.6%2.8%29.7K-381.4K-4470.0063.7600415230
2013-01-14$13.14$11.6018.1%5.2%14.9%13.3%0.0%2.0%2.3%29.5K-393.3K-4260.0063.94500415230
2013-01-15$13.17$12.6017.5%5.0%14.8%10.5%0.0%1.4%3.3%27.6K-204.4K-3810.0067.8500260230
2013-01-16$13.09$12.6017.6%5.1%14.8%11.3%0.0%1.3%3.1%35.7K-188.1K-3700.0069.0000260230
2013-01-17$13.15$12.6016.7%4.8%14.2%7.3%0.0%3.1%1.6%31.8K-208.1K-3540.0084.7500260230
2013-01-18$13.12$12.6014.5%4.2%14.3%0.0%11.3%3.7%3.4%37.3K-203.3K-3340.0093.131200260230
2013-01-22$13.05$12.6017.2%4.9%14.4%11.5%0.0%1.0%0.5%17.7K-127.7K-4350.0069.8700225120
2013-01-23$13.19$12.6015.8%4.5%14.7%5.5%0.0%1.6%-0.1%19.2K-150.1K-4340.0085.02015225120
2013-01-24$13.26$12.6017.3%4.9%14.6%11.7%12.6%1.8%0.3%16.5K-149.6K-4600.0076.09200225135
2013-01-25$13.50$12.6017.0%4.9%15.1%10.8%17.9%1.0%-0.5%14.7K-185.0K-4580.0081.55010225135
2013-01-28$13.55$12.6016.5%4.7%14.9%8.6%16.4%0.8%-0.4%13.9K-195.6K-4320.0087.13025225145
2013-01-29$13.35$13.2015.8%4.5%16.0%5.6%15.3%1.1%0.5%12.6K-111.2K-4690.0077.61250205170
2013-01-30$13.26$13.2016.3%4.7%16.3%9.1%0.0%2.1%1.2%16.3K-99.7K-4880.0080.0100230170
2013-01-31$13.35$13.2016.3%4.7%12.8%8.8%0.0%1.7%0.7%16.4K-119.2K-4790.0068.7100230170