IGV Options History — November 2015

In November 2015, IGV traded between $20.40 and $21.22. ATM implied volatility averaged 17.5%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.0% (HV 20d: 15.5%). Max pain ranged from $19.00 to $21.20. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.34.

Notable Days

  • 2015-11-04: Highest Volume — 965 contracts
  • 2015-11-27: Largest IV spike — 26.8% change
  • 2015-11-02: Highest IV Rank — 39.2%
  • 2015-11-02: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.97$20.40$21.22$20.88$21.11
Max Pain$20.38$19.00$21.20$19.00$21.20
ATM IV17.5%12.9%22.3%22.3%16.8%
Expected Move5.1%4.4%6.4%6.4%4.8%
HV 20d15.5%12.5%17.3%15.9%12.6%
HV 60d21.4%17.6%23.6%23.6%17.6%
IV Rank22.5%6.7%39.2%39.2%17.1%
IV Percentile45.6%5.2%71.4%71.4%40.1%
Term Structure2.7%-0.0%9.2%3.4%0.5%
VWIV20.6%16.2%32.0%21.1%17.6%
Skew 25d5.6%0.3%12.6%4.5%5.4%
Skew 10d10.9%2.7%18.1%14.5%3.8%
Call IV 25d15.3%8.6%38.7%14.2%11.5%
Put IV 25d20.9%16.9%39.0%18.6%16.9%
Bid-Ask Spread %109.4593.87131.92109.32122.86
Gamma HHI0.190.100.310.220.12
Net GEX8.4K-31.8K43.1K11.6K14.0K
Net DEX-442.0K-696.8K-81.9K-524.2K-247.6K
Net VEX-2.1K-2.6K-1.8K-2.6K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.001.511.511.27
Total Volume62309659150
Total OI922.755601,0451,045665

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-11-02$20.88$19.0022.3%6.4%15.9%39.2%21.1%4.5%3.4%11.6K-524.2K-2.6K1.51109.32365550525520
2015-11-03$21.08$19.0017.8%5.1%15.8%23.5%32.0%0.3%5.6%-373-572.3K-2.4K1.51131.92365550525520
2015-11-04$21.17$19.0015.2%4.4%15.8%14.7%20.5%9.2%1.2%8.0K-642.9K-2.3K1.33123.19415550525520
2015-11-05$21.07$0.0017.1%4.9%16.0%21.2%0.0%7.5%9.2%8.4K-614.7K-2.4K1.4993.87370550525520
2015-11-06$21.22$0.0012.9%4.5%16.0%6.7%0.0%7.9%2.7%28.9K-696.8K-2.0K0.00105.2600505520
2015-11-09$20.95$0.0015.7%5.2%17.0%16.3%0.0%7.6%3.4%9.9K-496.1K-2.1K0.00110.0500475520
2015-11-10$20.89$0.0018.1%5.3%16.8%24.9%0.0%3.0%2.0%11.6K-463.0K-2.3K1.49101.02370550495520
2015-11-11$20.96$0.0016.9%4.8%16.4%20.5%0.0%2.3%1.7%4.5K-482.9K-2.2K1.4999.82370550495520
2015-11-12$20.80$0.0018.1%5.2%15.7%24.7%0.0%5.5%4.5%10.8K-516.3K-2.2K1.49102.49370550495520
2015-11-13$20.40$0.0020.3%5.8%17.1%32.3%0.0%4.2%7.8%-10.0K-274.4K-2.3K1.4995.76370550495520
2015-11-16$20.57$0.0018.8%5.4%17.3%27.1%0.0%7.4%1.2%-31.8K-325.0K-2.0K0.00100.9400475520
2015-11-17$20.69$0.0018.9%5.4%17.1%27.7%0.0%5.9%1.4%3.5K-397.6K-2.1K1.49100.28370550495520
2015-11-18$20.89$0.0017.3%5.0%16.6%22.1%0.0%5.9%3.8%30.1K-512.5K-1.9K1.49105.11370550495520
2015-11-19$21.12$0.0017.0%4.9%15.0%20.7%0.0%4.2%-0.0%43.1K-685.8K-1.8K1.49106.43370550495520
2015-11-20$21.11$0.0016.1%4.6%14.4%17.5%16.2%3.6%3.2%-2.4K-694.0K-1.8K1.36110.82405550495520
2015-11-23$21.06$21.2016.7%4.8%14.5%19.8%0.0%3.9%0.9%4.8K-101.3K-1.8K0.00118.1900215345
2015-11-24$21.07$21.2017.1%4.9%14.2%21.2%0.0%12.6%1.0%3.5K-81.9K-1.9K0.00113.791000215345
2015-11-25$21.12$21.2016.4%4.7%13.0%18.9%16.2%3.7%0.8%11.2K-232.6K-2.4K1.27117.41275350330345
2015-11-27$21.16$21.2020.8%6.0%12.5%34.3%17.6%7.0%0.4%8.3K-277.9K-2.2K1.27120.39275350335345
2015-11-30$21.11$21.2016.8%4.8%12.6%17.1%0.0%5.4%0.5%14.0K-247.6K-2.2K0.00122.8600320345