IGV Options History — February 2014

In February 2014, IGV traded between $15.94 and $17.55. ATM implied volatility averaged 16.7%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 2.6% (HV 20d: 19.4%). Max pain ranged from $15.20 to $15.20. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-02-14: Highest Volume — 25 contracts
  • 2014-02-04: Largest IV drop — 22.9% change
  • 2014-02-03: Highest IV Rank — 41.9%
  • 2014-02-03: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.83$15.94$17.55$15.94$17.34
Max Pain$15.20$15.20$15.20$15.20$15.20
ATM IV16.7%13.2%28.2%28.2%15.2%
Expected Move4.9%3.8%8.1%8.1%4.3%
HV 20d19.4%16.4%21.2%20.7%16.6%
HV 60d15.6%15.3%15.9%15.8%15.8%
IV Rank16.5%8.6%41.9%41.9%13.0%
IV Percentile60.4%16.3%96.8%96.8%52.4%
Term Structure0.6%-4.5%5.5%-1.1%1.1%
VWIV23.5%23.5%23.5%23.5%23.5%
Skew 25d3.0%-3.3%5.2%4.4%3.9%
Skew 10d9.0%2.2%15.0%12.4%6.7%
Call IV 25d15.5%8.6%21.2%21.2%13.3%
Put IV 25d18.5%10.6%25.6%25.6%17.2%
Bid-Ask Spread %64.8737.98111.1290.6037.98
Gamma HHI0.490.200.800.200.40
Net GEX15.7K7.6K32.0K7.6K8.6K
Net DEX-161.8K-256.9K-87.0K-87.0K-149.9K
Net VEX-499-543-468-525-470
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.684025100
Total OI302.632155365360155

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-02-03$15.94$15.2028.2%8.1%20.7%41.9%23.5%4.4%-1.1%7.6K-87.0K-5250.0090.60100215145
2014-02-04$16.07$15.2021.7%6.2%20.8%27.6%0.0%4.5%-0.6%8.9K-101.6K-5190.0056.3700215145
2014-02-05$16.10$15.2022.4%6.4%20.1%29.1%0.0%4.0%-0.3%9.1K-106.0K-5170.0045.7200215145
2014-02-06$16.20$15.2019.0%5.5%20.2%21.6%0.0%4.8%1.1%10.2K-113.1K-5010.0078.9650215145
2014-02-07$16.49$0.0017.3%5.2%21.2%17.7%0.0%2.3%0.3%14.2K-156.7K-5070.0060.7000220145
2014-02-10$16.52$0.0015.7%5.0%21.2%14.1%0.0%4.4%0.7%15.2K-154.3K-4730.0060.1250220145
2014-02-11$16.65$0.0014.7%4.8%20.4%11.9%0.0%2.3%0.4%17.4K-140.0K-4900.0060.4600200145
2014-02-12$16.71$0.0014.5%4.7%19.7%11.6%0.0%2.9%0.7%18.4K-145.8K-4820.0058.9550200145
2014-02-13$16.97$0.0013.5%3.9%19.6%9.3%0.0%2.7%5.5%21.3K-181.7K-4970.0070.44020195145
2014-02-14$16.98$0.0015.6%4.5%19.6%13.9%0.0%2.9%0.9%23.9K-174.5K-4890.0053.36250190145
2014-02-18$17.10$0.0015.1%4.3%19.7%13.0%0.0%-3.3%-1.4%27.1K-233.1K-5430.0070.4500215145
2014-02-19$17.00$0.0016.6%4.7%19.8%16.1%0.0%2.0%-4.5%32.0K-214.7K-5390.0061.3000215145
2014-02-20$17.16$0.0015.5%4.5%20.1%13.9%0.0%3.2%1.3%29.1K-254.0K-5160.0059.1600215145
2014-02-21$17.23$0.0013.2%3.8%19.9%8.6%0.0%5.2%2.0%21.1K-256.9K-5000.00111.1200215145
2014-02-24$17.28$0.0015.3%4.4%18.6%13.3%0.0%2.0%0.7%8.4K-147.3K-4900.0057.270014015
2014-02-25$17.23$0.0016.0%4.6%17.2%14.8%0.0%3.0%0.4%8.7K-143.8K-4900.0048.480014015
2014-02-26$17.32$0.0014.5%4.2%16.7%11.6%0.0%3.2%2.7%8.3K-151.4K-4740.0092.540014015
2014-02-27$17.55$0.0014.3%4.1%16.4%11.2%0.0%3.1%1.1%8.0K-162.4K-4680.0058.500014015
2014-02-28$17.34$0.0015.2%4.3%16.6%13.0%0.0%3.9%1.1%8.6K-149.9K-4700.0037.980014015