IGV Options History — December 2013

In December 2013, IGV traded between $15.33 and $16.41. ATM implied volatility averaged 15.0%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.0% (HV 20d: 13.0%). Max pain ranged from $15.60 to $15.60. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-12-31: Highest Volume — 125 contracts
  • 2013-12-05: Largest IV spike — 18.7% change
  • 2013-12-17: Highest IV Rank — 18.6%
  • 2013-12-17: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.88$15.33$16.41$15.63$16.41
Max Pain$15.60$15.60$15.60$15.60$15.60
ATM IV15.0%12.4%17.6%14.6%15.1%
Expected Move4.4%3.6%5.1%4.2%4.3%
HV 20d13.0%11.1%14.0%13.0%13.1%
HV 60d13.9%13.3%14.3%13.7%13.7%
IV Rank12.7%6.9%18.6%11.7%12.9%
IV Percentile45.8%9.1%82.5%38.5%52.0%
Term Structure1.4%0.1%3.4%1.3%2.4%
Skew 25d2.6%0.4%6.1%2.2%0.4%
Skew 10d6.0%-1.9%10.6%1.2%-1.9%
Call IV 25d14.4%12.2%17.1%14.0%14.9%
Put IV 25d16.9%14.3%19.4%16.2%15.3%
Bid-Ask Spread %62.6050.4981.2864.6561.14
Gamma HHI0.340.230.490.280.49
Net GEX25.4K19.3K29.9K22.0K29.4K
Net DEX-187.5K-262.1K-114.3K-159.1K-262.1K
Net VEX-753-873-590-730-849
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.28601250125
Total OI484.286465535465510

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-12-02$15.63$15.6014.6%4.2%13.0%11.7%0.0%2.2%1.3%22.0K-159.1K-7300.0064.650039075
2013-12-03$15.61$15.6015.2%4.3%12.5%13.0%0.0%1.9%0.6%22.9K-157.1K-7230.0067.630039075
2013-12-04$15.72$15.6014.0%4.0%12.7%10.5%0.0%2.9%1.3%24.1K-175.9K-7550.0081.280039075
2013-12-05$15.63$15.6016.6%4.8%12.4%16.3%0.0%4.3%0.1%23.2K-168.4K-7500.0066.520039075
2013-12-06$15.83$0.0014.6%4.6%11.8%11.8%0.0%2.6%1.0%24.9K-191.8K-7560.0052.380039075
2013-12-09$15.83$0.0013.6%4.5%11.1%9.7%0.0%2.2%1.0%26.9K-189.5K-7210.0056.190039075
2013-12-10$15.73$0.0014.4%4.4%11.2%11.4%0.0%2.8%1.2%25.4K-174.9K-7150.0058.660039075
2013-12-11$15.44$0.0016.2%4.9%13.1%15.4%0.0%3.1%1.0%21.7K-131.6K-5910.0056.660039075
2013-12-12$15.33$0.0017.0%4.9%12.6%17.2%0.0%2.8%1.1%19.3K-114.3K-5900.0057.790039075
2013-12-13$15.58$0.0015.9%4.6%14.0%14.6%0.0%6.1%0.8%23.0K-146.0K-6340.0062.670039075
2013-12-16$15.62$0.0017.5%5.0%14.0%18.3%0.0%2.8%1.0%25.3K-159.2K-6490.0056.130039075
2013-12-17$15.67$0.0017.6%5.1%13.7%18.6%0.0%2.1%0.5%26.4K-169.9K-6860.0050.4920039075
2013-12-18$15.88$0.0016.4%4.7%13.6%15.9%0.0%2.4%0.8%29.6K-205.5K-7460.0054.0505041075
2013-12-19$15.90$0.0015.5%4.4%13.6%13.7%0.0%2.1%1.0%23.1K-196.5K-8480.0064.5000410125
2013-12-20$16.12$0.0013.9%4.0%13.8%10.3%0.0%2.4%2.0%23.8K-186.2K-8470.0067.1100385125
2013-12-23$16.23$0.0013.4%3.8%13.8%9.1%0.0%2.6%1.8%26.5K-212.5K-8470.0075.7400385125
2013-12-24$16.29$0.0013.6%3.9%13.5%9.5%0.0%2.7%1.9%28.0K-228.9K-8730.0069.1900385125
2013-12-26$16.31$0.0012.4%3.6%13.5%6.9%0.0%1.6%3.4%29.0K-228.7K-8200.0058.8000385125
2013-12-27$16.30$0.0013.9%4.0%13.5%10.3%0.0%2.0%2.3%28.0K-235.5K-8510.0074.2100385125
2013-12-30$16.37$0.0013.8%4.0%13.5%10.0%0.0%2.1%3.0%29.9K-243.9K-8250.0058.8500385125
2013-12-31$16.41$0.0015.1%4.3%13.1%12.9%0.0%0.4%2.4%29.4K-262.1K-8490.0061.141250385125