IGV Options History — July 2014

In July 2014, IGV traded between $16.83 and $17.41. ATM implied volatility averaged 15.2%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.1% (HV 20d: 12.1%). Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-07-28: Highest Volume — 140 contracts
  • 2014-07-31: Largest IV spike — 36.8% change
  • 2014-07-31: Highest IV Rank — 14.6%
  • 2014-07-31: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.07$16.83$17.41$17.40$16.97
ATM IV15.2%12.0%19.5%15.2%19.5%
Expected Move5.6%5.1%6.0%5.2%6.0%
HV 20d12.1%10.0%14.5%10.2%14.5%
HV 60d14.2%13.0%16.6%16.6%13.6%
IV Rank8.2%3.4%14.6%8.2%14.6%
IV Percentile33.1%0.8%62.7%35.3%62.7%
Term Structure2.2%-0.7%8.9%8.9%-0.7%
Skew 25d5.0%1.4%23.5%23.5%5.5%
Skew 10d10.7%-0.1%28.9%28.9%8.8%
Call IV 25d13.9%11.9%16.5%15.2%16.5%
Put IV 25d18.9%13.6%38.7%38.7%22.0%
Bid-Ask Spread %24.3617.8187.8987.8920.64
Gamma HHI0.440.290.600.600.33
Net GEX-6.8K-38.9K7.5K6.4K-20.1K
Net DEX-62.4K-189.1K110.1K-188.8K110.1K
Net VEX-854-1.3K-657-693-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume24.0910140035
Total OI361.591220515275455

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$17.40$0.0015.2%5.2%10.2%8.2%0.0%23.5%8.9%6.4K-188.8K-6930.0087.890018590
2014-07-02$17.34$0.0012.0%5.7%10.5%3.4%0.0%1.4%2.5%6.7K-182.9K-6750.0020.470018590
2014-07-03$17.41$0.0012.4%5.6%10.0%3.9%0.0%2.4%2.1%7.1K-189.1K-6570.0020.170018590
2014-07-07$17.20$0.0012.8%5.1%10.7%4.6%0.0%3.1%2.9%6.4K-166.2K-6600.0032.660018590
2014-07-08$16.87$0.0016.6%5.8%13.1%10.2%0.0%4.4%2.8%5.6K-113.6K-6880.0021.4608018590
2014-07-09$16.87$0.0015.3%5.7%13.1%8.3%0.0%5.1%3.0%-16.3K-48.7K-7680.0023.1300185170
2014-07-10$16.85$0.0016.1%5.5%13.1%9.5%0.0%4.3%2.3%-16.2K-43.4K-7540.0021.16050185170
2014-07-11$16.84$0.0016.0%5.6%12.8%9.3%0.0%4.5%2.5%-24.0K-8.3K-9260.0022.19025185220
2014-07-14$16.97$0.0015.4%5.5%12.6%8.5%0.0%4.8%2.4%-38.9K-37.8K-8860.0020.231000185245
2014-07-15$16.89$0.0016.2%5.6%12.5%9.7%0.0%4.9%2.0%-3.2K-58.3K-9260.0019.3200270245
2014-07-16$16.96$0.0014.9%5.4%11.8%7.7%0.0%3.5%2.7%-595-126.9K-8710.0021.9500270245
2014-07-17$16.83$0.0018.3%5.8%11.3%12.8%0.0%4.1%0.3%-8.6K-28.1K-8640.0020.9900270245
2014-07-18$17.01$0.0015.0%5.5%12.1%7.9%0.0%5.9%2.8%7.5K-161.5K-8040.0022.5500270245
2014-07-21$16.98$0.0016.0%5.6%12.0%9.4%0.0%4.5%0.6%3.3K-57.1K-7330.0019.270513590
2014-07-22$17.10$0.0015.6%5.6%12.2%8.7%0.0%4.0%1.4%4.6K-69.3K-7120.0021.190013585
2014-07-23$17.03$0.0014.6%5.5%12.0%7.3%0.0%3.1%1.7%4.2K-64.7K-7110.0021.6509513585
2014-07-24$17.20$0.0014.5%5.4%12.5%7.1%0.0%5.0%1.9%-10.7K-12.7K-8600.0018.6800135180
2014-07-25$17.17$0.0014.4%5.6%12.5%6.9%0.0%3.9%2.4%-11.5K-10.6K-8570.0017.8100135180
2014-07-28$17.15$0.0014.5%5.5%12.4%7.1%0.0%3.3%1.8%-13.1K-9.1K-8360.0018.200140135180
2014-07-29$17.17$0.0015.1%5.3%12.4%8.0%0.0%3.4%1.1%-20.9K63.5K-1.3K0.0022.8400135320
2014-07-30$17.35$0.0014.3%5.5%12.3%6.7%0.0%5.0%1.6%-17.2K31.7K-1.3K0.0021.4400135320
2014-07-31$16.97$0.0019.5%6.0%14.5%14.6%0.0%5.5%-0.7%-20.1K110.1K-1.3K0.0020.64035135320