IGV Options History — February 2013

In February 2013, IGV traded between $13.22 and $13.58. ATM implied volatility averaged 14.5%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 0.4% (HV 20d: 14.1%). Max pain ranged from $13.60 to $13.80. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-02-11: Highest Volume — 165 contracts
  • 2013-02-25: Largest IV spike — 42.1% change
  • 2013-02-25: Highest IV Rank — 29.0%
  • 2013-02-25: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.40$13.22$13.58$13.52$13.41
Max Pain$13.66$13.60$13.80$13.60$13.80
ATM IV14.5%12.7%19.0%14.3%14.6%
Expected Move4.2%3.6%5.5%4.4%4.2%
HV 20d14.1%12.2%15.5%12.2%15.0%
HV 60d14.0%13.3%15.2%14.9%14.2%
IV Rank6.0%0.0%29.0%0.0%8.7%
IV Percentile3.3%0.0%24.6%0.0%5.6%
Term Structure0.5%-2.0%1.8%0.1%0.4%
VWIV11.7%9.7%13.6%11.9%13.6%
Skew 25d2.4%1.4%3.7%2.9%3.7%
Skew 10d3.6%-1.0%10.8%3.5%5.0%
Call IV 25d13.7%11.8%17.1%13.7%12.0%
Put IV 25d16.1%14.1%20.6%16.6%15.7%
Bid-Ask Spread %49.6426.9076.8929.6976.89
Gamma HHI0.480.320.740.740.43
Net GEX23.4K13.4K36.0K14.4K34.8K
Net DEX-141.2K-225.6K-67.9K-164.9K-118.3K
Net VEX-608-791-458-458-727
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume25.2630165200
Total OI451.316245545400490

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-02-01$13.52$13.6014.3%4.4%12.2%0.0%0.0%2.9%0.1%14.4K-164.9K-4580.0029.69200230170
2013-02-04$13.32$13.6015.8%4.8%13.7%7.2%0.0%2.1%0.3%18.5K-123.6K-5200.0034.2600250170
2013-02-05$13.44$13.6013.3%4.5%13.8%0.0%0.0%1.6%0.8%18.8K-160.6K-4930.0033.54150250170
2013-02-06$13.41$13.6013.5%4.4%13.8%0.8%0.0%1.8%1.0%22.3K-158.1K-5000.0030.7700265170
2013-02-07$13.34$13.6015.5%4.4%13.7%10.1%0.0%2.4%1.1%24.5K-135.7K-4840.0026.90025265170
2013-02-08$13.41$13.6015.0%4.3%13.8%7.8%0.0%2.5%1.5%21.4K-162.5K-5000.0034.5100265195
2013-02-11$13.39$13.6013.6%3.9%13.7%1.1%0.0%3.0%1.8%24.6K-152.5K-4580.0051.411650265195
2013-02-12$13.46$13.6014.1%4.0%13.8%3.5%0.0%1.8%0.3%26.9K-225.6K-6630.0043.38010350195
2013-02-13$13.41$13.6013.8%4.0%13.9%2.3%0.0%3.0%1.5%26.1K-203.3K-6370.0062.4700350195
2013-02-14$13.43$13.6014.2%4.1%13.6%4.4%0.0%2.1%0.0%17.5K-217.4K-6100.0041.5700350195
2013-02-15$13.48$13.6013.6%3.9%13.6%1.2%0.0%2.1%0.5%16.9K-126.4K-6220.0051.6200270195
2013-02-19$13.58$13.6012.7%3.6%13.7%0.0%11.9%2.4%0.3%13.4K-127.4K-5920.0065.28115020540
2013-02-20$13.43$13.6013.9%4.0%14.3%5.5%9.7%1.7%0.4%25.7K-137.9K-6980.0059.2003032040
2013-02-21$13.25$13.8014.4%4.1%14.8%7.8%13.6%2.0%0.4%19.5K-67.9K-6660.0050.55100032070
2013-02-22$13.44$13.8013.4%3.8%15.5%3.2%0.0%3.3%0.6%36.0K-125.8K-7910.0070.350042070
2013-02-25$13.22$13.8019.0%5.5%15.2%29.0%0.0%3.5%-2.0%24.3K-84.5K-7070.0056.610042070
2013-02-26$13.23$13.8015.9%4.6%15.1%14.7%0.0%2.0%-0.1%24.6K-72.9K-6770.0058.710042070
2013-02-27$13.42$13.8014.4%4.1%15.2%7.7%0.0%1.4%0.5%34.1K-117.9K-7410.0065.480042070
2013-02-28$13.41$13.8014.6%4.2%15.0%8.7%0.0%3.7%0.4%34.8K-118.3K-7270.0076.890042070