IGV Options History — May 2014

In May 2014, IGV traded between $15.62 and $16.54. ATM implied volatility averaged 39.8%, placing in the 53.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 22.0% (HV 20d: 17.8%). 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 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-05-30: Highest Volume — 50 contracts
  • 2014-05-07: Largest IV spike — 84.0% change
  • 2014-05-09: Highest IV Rank — 100.0%
  • 2014-05-02: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.03$15.62$16.54$15.90$16.33
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV39.8%23.5%76.3%41.5%31.2%
Expected Move8.1%6.3%12.4%11.9%8.9%
HV 20d17.8%14.7%23.9%23.9%15.8%
HV 60d19.7%19.3%20.0%19.6%19.5%
IV Rank53.9%20.6%100.0%71.2%32.2%
IV Percentile90.3%77.4%100.0%97.6%88.9%
Term Structure-9.2%-33.9%1.0%-33.9%-10.7%
Skew 25d3.4%-4.7%11.0%-4.5%9.2%
Skew 10d4.3%-6.8%18.3%-0.0%13.7%
Call IV 25d35.0%27.6%61.1%61.1%35.0%
Put IV 25d38.4%28.0%56.5%56.5%44.2%
Bid-Ask Spread %159.24122.84178.22142.91178.22
Gamma HHI0.390.240.600.310.55
Net GEX10.2K6.0K14.9K11.3K6.3K
Net DEX-110.6K-151.8K-81.3K-136.2K-97.5K
Net VEX-604-742-532-732-532
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.381050050
Total OI232.143155290290155

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$15.90$15.0041.5%11.9%23.9%71.2%0.0%-4.5%-33.9%11.3K-136.2K-7320.00142.910027515
2014-05-02$15.89$15.0043.1%12.4%22.6%74.9%0.0%3.2%-32.2%12.2K-136.5K-7420.00142.780027515
2014-05-05$15.89$0.0043.6%6.3%21.5%75.9%0.0%1.0%0.6%13.9K-132.4K-7010.00165.200027515
2014-05-06$15.65$0.0028.8%6.4%21.7%42.8%0.0%1.0%1.0%12.2K-88.0K-6150.00122.840027515
2014-05-07$15.67$0.0053.1%7.5%21.3%97.1%0.0%2.1%-6.7%11.9K-112.0K-6360.00132.470027515
2014-05-08$15.62$0.0051.2%6.5%20.0%92.8%0.0%-3.8%-1.2%12.1K-106.4K-6340.00164.620027515
2014-05-09$15.69$0.0058.5%6.9%16.0%100.0%0.0%-3.8%-0.6%11.9K-111.7K-6310.00156.910027515
2014-05-12$16.09$0.0070.8%8.7%16.8%100.0%0.0%6.4%-9.9%14.7K-151.8K-6490.00137.670027515
2014-05-13$15.96$0.0076.3%8.8%16.9%100.0%0.0%8.1%-12.0%14.4K-139.6K-6520.00137.180027515
2014-05-14$15.86$0.0061.0%6.9%16.6%77.0%0.0%0.8%-7.6%14.9K-110.6K-5610.00166.080027515
2014-05-15$15.80$0.0024.7%7.1%16.0%22.4%0.0%-0.7%-6.2%13.6K-123.6K-5900.00173.140027515
2014-05-16$15.97$0.0023.5%6.7%16.4%20.6%0.0%-4.7%-12.7%14.7K-131.9K-5860.00170.340027515
2014-05-19$16.16$0.0028.8%8.3%17.0%28.6%0.0%9.3%-11.6%6.2K-86.6K-5500.00155.180014510
2014-05-20$16.04$0.0025.8%7.4%17.0%24.1%0.0%-2.2%-12.1%6.0K-81.3K-5520.00175.600014510
2014-05-21$16.08$0.0028.6%8.2%16.4%28.3%0.0%8.9%-5.8%6.3K-84.6K-5480.00169.760014510
2014-05-22$16.23$0.0026.4%7.6%16.6%25.0%0.0%2.9%-3.0%6.0K-89.6K-5500.00174.950014510
2014-05-23$16.38$0.0029.7%8.5%15.4%30.0%0.0%8.0%-9.6%6.7K-96.4K-5680.00162.590014510
2014-05-27$16.54$0.0028.9%8.3%14.7%28.7%0.0%11.0%0.5%6.8K-97.9K-5720.00170.450014510
2014-05-28$16.37$0.0029.8%8.6%15.2%30.2%0.0%9.3%-9.6%6.2K-100.8K-5350.00172.670014510
2014-05-29$16.52$0.0030.1%8.6%15.1%30.6%0.0%9.3%-10.5%6.4K-107.3K-5430.00172.580014510
2014-05-30$16.33$0.0031.2%8.9%15.8%32.2%0.0%9.2%-10.7%6.3K-97.5K-5320.00178.2250014510