IGV Options History — January 2014

In January 2014, IGV traded between $16.13 and $16.81. ATM implied volatility averaged 17.6%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.6% (HV 20d: 13.9%). Max pain ranged from $15.20 to $15.20. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-01-17: Highest Volume — 125 contracts
  • 2014-01-07: Largest IV spike — 208.1% change
  • 2014-01-07: Highest IV Rank — 77.0%
  • 2014-01-07: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.48$16.13$16.81$16.31$16.42
Max Pain$15.20$15.20$15.20$15.20$15.20
ATM IV17.6%12.5%44.0%15.3%19.3%
Expected Move4.9%4.2%6.3%4.4%5.5%
HV 20d13.9%10.9%17.8%13.4%17.8%
HV 60d13.0%11.9%14.6%13.5%14.6%
IV Rank18.3%7.2%77.0%13.4%22.1%
IV Percentile64.0%10.7%99.6%54.8%92.5%
Term Structure0.9%-1.6%3.4%3.1%0.1%
VWIV17.0%15.4%18.7%17.5%18.7%
Skew 25d3.6%1.5%5.2%3.1%3.5%
Skew 10d9.5%3.8%14.1%6.6%13.9%
Call IV 25d15.8%12.5%29.9%14.6%18.2%
Put IV 25d19.4%16.5%31.4%17.8%21.7%
Bid-Ask Spread %56.0534.24124.5691.2250.13
Gamma HHI0.360.240.620.300.31
Net GEX16.3K8.7K24.2K16.9K11.7K
Net DEX-187.0K-279.5K-104.6K-192.5K-141.1K
Net VEX-583-722-529-577-582
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume14.286012500
Total OI376.667330410385360

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-01-02$16.31$0.0015.3%4.4%13.4%13.4%0.0%3.1%3.1%16.9K-192.5K-5770.0091.2200260125
2014-01-03$16.32$0.0014.6%4.2%13.3%11.8%0.0%2.6%3.4%17.0K-192.7K-5820.0060.3900260125
2014-01-06$16.20$15.2014.3%4.8%13.4%11.1%0.0%2.4%1.1%16.7K-175.8K-5390.0081.8300260125
2014-01-07$16.44$15.2044.0%6.3%13.6%77.0%0.0%1.5%-0.9%14.4K-214.8K-6330.00124.5600260125
2014-01-08$16.48$15.2014.7%5.0%13.6%11.9%0.0%3.9%-0.0%19.9K-214.2K-5290.0051.70200260125
2014-01-09$16.41$15.2014.3%5.0%13.4%11.2%0.0%3.8%0.3%19.9K-213.1K-5920.0047.0200280125
2014-01-10$16.49$15.2012.5%4.8%10.9%7.2%0.0%2.9%0.5%21.6K-221.6K-5820.0050.3300280125
2014-01-13$16.23$15.2015.4%4.8%12.5%13.5%0.0%2.9%1.0%18.4K-183.7K-5520.0046.4400280125
2014-01-14$16.49$15.2015.4%4.7%12.5%13.5%0.0%3.3%1.1%22.2K-225.0K-5530.0050.7000280125
2014-01-15$16.77$15.2014.6%4.4%13.4%11.9%17.5%5.1%2.4%23.1K-279.5K-5400.0048.801200280125
2014-01-16$16.77$15.2015.2%4.4%13.5%13.2%0.0%4.9%2.5%23.9K-241.2K-7220.0045.1500285125
2014-01-17$16.76$15.2015.6%4.5%13.0%14.0%15.6%4.5%2.3%24.2K-236.6K-7170.0044.831250285125
2014-01-21$16.77$15.2015.4%4.4%13.0%13.6%15.4%4.5%1.3%13.7K-190.4K-5360.0047.58010205125
2014-01-22$16.81$15.2015.2%4.4%12.3%13.2%0.0%5.2%1.5%13.0K-185.2K-5700.0044.4100205135
2014-01-23$16.71$15.2015.0%4.3%12.5%12.7%0.0%4.7%1.5%12.8K-172.6K-5550.0044.9100205135
2014-01-24$16.42$15.2019.4%5.6%14.2%22.4%18.1%2.9%0.7%10.6K-138.2K-5780.0034.24015205135
2014-01-27$16.13$15.2019.7%5.7%15.5%23.2%18.7%2.9%-0.6%8.7K-104.6K-5740.0043.42100205145
2014-01-28$16.37$15.2020.1%5.8%16.4%23.9%0.0%3.8%-1.6%11.1K-133.8K-5900.0055.2500215145
2014-01-29$16.22$15.2020.0%5.7%16.7%23.8%0.0%4.4%-0.4%10.0K-117.9K-5780.0049.6800215145
2014-01-30$16.50$15.2018.5%5.3%17.8%20.5%0.0%3.4%-0.2%12.6K-151.9K-5640.0064.3700215145
2014-01-31$16.42$15.2019.3%5.5%17.8%22.1%0.0%3.5%0.1%11.7K-141.1K-5820.0050.1300215145