IGV Options History — April 2014

In April 2014, IGV traded between $15.52 and $16.93. ATM implied volatility averaged 33.6%, placing in the 53.4% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 10.4% (HV 20d: 23.1%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-04-02: Highest Volume — 50 contracts
  • 2014-04-10: Largest IV drop — 45.1% change
  • 2014-04-08: Highest IV Rank — 84.3%
  • 2014-04-29: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.06$15.52$16.93$16.93$15.87
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV33.6%25.1%47.3%33.2%36.3%
Expected Move8.6%6.5%12.5%9.5%10.4%
HV 20d23.1%18.1%25.3%18.1%23.8%
HV 60d19.9%18.2%20.9%18.2%19.6%
IV Rank53.4%34.4%84.3%52.6%59.5%
IV Percentile94.3%87.7%99.6%98.0%96.0%
Term Structure-10.0%-19.6%-0.0%-12.9%-13.5%
VWIV11.3%11.3%11.3%11.3%11.3%
Skew 25d1.7%-16.6%16.2%-0.3%8.9%
Skew 10d2.7%-18.8%11.5%-6.6%9.5%
Call IV 25d40.2%31.3%50.3%45.8%44.1%
Put IV 25d41.9%27.6%63.6%45.5%53.0%
Bid-Ask Spread %143.94133.23170.34167.94144.16
Gamma HHI0.290.230.350.250.28
Net GEX13.3K9.6K17.1K13.9K13.8K
Net DEX-148.5K-193.7K-81.7K-184.9K-129.7K
Net VEX-790-959-518-518-714
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.66705000
Total OI285.714210310210290

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$16.93$0.0033.2%9.5%18.1%52.6%0.0%-0.3%-12.9%13.9K-184.9K-5180.00167.940019515
2014-04-02$16.85$0.0034.5%9.9%18.1%55.5%0.0%-1.7%-12.9%12.9K-176.7K-5180.00170.3450019515
2014-04-03$16.45$0.0036.1%10.3%19.7%59.0%0.0%-9.2%-12.7%14.7K-175.9K-7740.00159.8150024515
2014-04-04$16.13$15.0038.2%6.5%20.4%63.8%0.0%1.9%-3.0%15.4K-170.5K-9590.00140.650029515
2014-04-07$15.92$15.0041.1%6.8%20.7%70.3%0.0%4.1%-2.9%14.3K-147.4K-9010.00140.990029515
2014-04-08$16.08$15.0047.3%6.8%21.3%84.3%0.0%2.5%-1.8%13.8K-172.2K-9550.00141.070029515
2014-04-09$16.38$15.0045.8%7.1%22.5%80.7%0.0%1.9%-3.6%17.1K-193.7K-9590.00140.710029515
2014-04-10$15.82$15.0025.1%7.2%24.6%34.4%11.3%4.3%-0.0%13.6K-151.8K-9060.00136.8540029515
2014-04-11$15.52$15.0025.6%7.3%25.2%35.5%0.0%2.7%-2.2%10.3K-130.4K-8340.00139.600027515
2014-04-14$15.69$15.0026.0%7.5%25.2%36.4%0.0%3.0%-4.5%11.3K-116.3K-7780.00139.800027515
2014-04-15$15.86$15.0026.2%7.5%24.7%36.9%0.0%4.3%-6.3%11.4K-134.0K-8250.00139.310027515
2014-04-16$16.05$15.0028.2%8.1%25.3%41.3%0.0%6.0%-7.1%14.3K-147.2K-8440.00139.830027515
2014-04-17$16.14$15.0027.3%7.8%25.3%39.2%0.0%-6.3%-18.0%12.1K-151.8K-8320.00142.310027515
2014-04-21$16.16$15.0029.5%8.5%24.2%44.4%0.0%2.7%-9.4%13.8K-162.8K-8360.00142.560027515
2014-04-22$16.28$15.0032.5%9.3%24.3%51.0%0.0%-4.2%-13.5%14.7K-180.0K-8430.00133.230027515
2014-04-23$16.08$15.0030.1%8.6%24.6%45.6%0.0%10.7%-9.4%14.1K-146.4K-7860.00143.450027515
2014-04-24$16.02$15.0026.7%7.7%23.9%38.0%0.0%-16.6%-17.7%14.3K-116.7K-7190.00143.050027515
2014-04-25$15.75$15.0037.4%10.7%24.6%61.9%0.0%7.1%-19.6%12.7K-129.2K-7470.00137.040027515
2014-04-28$15.55$15.0034.1%9.8%24.9%54.6%0.0%-2.1%-18.8%9.6K-81.7K-6190.00141.740027515
2014-04-29$15.70$15.0043.5%12.5%24.4%75.5%0.0%16.2%-19.0%11.9K-119.2K-7140.00138.300027515
2014-04-30$15.87$15.0036.3%10.4%23.8%59.5%0.0%8.9%-13.5%13.8K-129.7K-7140.00144.160027515