IGV Options History — June 2013

In June 2013, IGV traded between $13.18 and $13.91. ATM implied volatility averaged 18.8%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.5% (HV 20d: 15.3%). Max pain ranged from $13.60 to $14.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-06-18: Highest Volume — 170 contracts
  • 2013-06-18: Largest IV spike — 73.1% change
  • 2013-06-18: Highest IV Rank — 84.7%
  • 2013-06-18: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.62$13.18$13.91$13.87$13.60
Max Pain$13.71$13.60$14.00$13.80$13.60
ATM IV18.8%15.2%30.7%17.3%17.1%
Expected Move5.4%4.7%8.8%5.0%4.9%
HV 20d15.3%12.9%17.9%12.9%17.5%
HV 60d15.4%14.5%16.0%14.5%16.0%
IV Rank37.6%23.5%84.7%31.8%30.8%
IV Percentile45.7%25.0%99.6%38.5%38.5%
Term Structure-0.2%-14.4%1.1%0.1%1.0%
VWIV17.8%16.0%20.7%16.0%17.8%
Skew 25d3.8%1.2%4.9%3.5%2.9%
Skew 10d9.8%-1.7%13.9%13.9%9.4%
Call IV 25d17.6%14.3%42.0%15.6%15.9%
Put IV 25d21.4%18.8%43.2%19.1%18.8%
Bid-Ask Spread %68.4049.40162.4562.8368.58
Gamma HHI0.320.190.480.360.19
Net GEX40.2K17.4K63.5K43.8K23.9K
Net DEX-233.4K-385.2K-47.9K-360.4K-180.3K
Net VEX-1.8K-2.1K-1.3K-2.1K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume25.250170025
Total OI765.5570905820580

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-06-03$13.87$13.8017.3%5.0%12.9%31.8%0.0%3.5%0.1%43.8K-360.4K-2.1K0.0062.8300700120
2013-06-04$13.72$13.8017.1%4.9%13.4%30.7%0.0%4.4%0.6%44.0K-284.8K-2.0K0.0068.1100700120
2013-06-05$13.60$13.8018.8%5.4%13.7%37.5%0.0%3.3%-0.4%41.6K-239.9K-2.0K0.0072.8800700120
2013-06-06$13.70$13.8018.6%5.3%14.0%36.7%0.0%4.9%0.5%43.5K-273.4K-2.0K0.0067.61100700120
2013-06-07$13.91$0.0015.2%4.7%14.9%23.5%0.0%4.0%1.0%48.6K-385.2K-2.1K0.0049.40150700120
2013-06-10$13.83$0.0015.7%4.9%14.3%25.4%16.0%3.5%0.8%52.6K-341.9K-2.0K0.0054.441000700120
2013-06-11$13.64$14.0017.7%5.1%15.0%33.2%0.0%4.0%1.1%55.1K-278.9K-2.0K0.0059.0700780120
2013-06-12$13.56$14.0018.8%5.5%14.4%37.6%0.0%3.9%0.4%51.5K-228.3K-1.9K0.0058.1900780120
2013-06-13$13.69$14.0018.2%5.2%14.7%35.4%18.2%4.1%0.8%62.5K-291.9K-2.0K0.0060.4750780120
2013-06-14$13.58$13.6018.3%5.2%14.6%35.7%16.4%4.1%0.1%60.2K-227.5K-1.9K0.0065.891000785120
2013-06-17$13.75$13.6017.7%5.1%15.2%33.5%0.0%3.8%0.4%63.5K-298.4K-1.8K0.0063.97500720120
2013-06-18$13.82$13.6030.7%8.8%15.4%84.7%0.0%1.2%-14.4%41.5K-351.6K-1.9K0.00162.451700720120
2013-06-19$13.78$13.6016.9%4.8%15.4%30.1%0.0%4.0%1.0%44.7K-245.9K-1.7K0.0060.5500620120
2013-06-20$13.48$13.6021.4%6.1%16.1%48.1%20.7%4.6%-0.0%25.1K-91.0K-1.5K0.0062.9350620120
2013-06-21$13.34$13.6019.5%5.6%16.4%40.3%0.0%3.9%0.6%19.4K-47.9K-1.4K0.0069.0700625120
2013-06-24$13.18$13.6020.8%6.0%16.7%45.5%0.0%2.9%0.8%17.4K-100.2K-1.3K0.0060.910050570
2013-06-25$13.27$13.6019.6%5.6%16.3%40.8%0.0%3.5%0.9%19.0K-99.3K-1.3K0.0060.5515050570
2013-06-26$13.42$13.6018.4%5.3%17.0%35.9%17.8%4.8%0.7%21.1K-142.5K-1.4K0.0070.6310050070
2013-06-27$13.65$13.6018.1%5.2%17.9%34.8%0.0%4.7%0.8%24.3K-198.0K-1.6K0.0069.370051070
2013-06-28$13.60$13.6017.1%4.9%17.5%30.8%0.0%2.9%1.0%23.9K-180.3K-1.5K0.0068.5802551070