IGV Options History — February 2023

In February 2023, IGV traded between $55.54 and $59.12. ATM implied volatility averaged 28.8%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 2.1% (HV 20d: 26.7%). Max pain ranged from $53.00 to $56.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.92.

Notable Days

  • 2023-02-08: Highest Volume — 14,745 contracts
  • 2023-02-23: Largest IV drop — 12.8% change
  • 2023-02-06: Highest IV Rank — 17.7%
  • 2023-02-22: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.26$55.54$59.12$58.21$55.69
Max Pain$54.74$53.00$56.00$54.00$55.00
ATM IV28.8%26.2%32.6%28.4%28.0%
Expected Move8.1%7.5%8.7%8.1%8.0%
HV 20d26.7%24.8%28.1%24.8%26.6%
HV 60d28.9%26.5%32.9%32.8%26.5%
IV Rank6.7%0.0%17.7%3.7%5.8%
IV Percentile8.2%0.0%27.4%3.6%4.4%
Term Structure-0.4%-2.0%0.7%-2.0%-0.5%
VWIV29.0%26.9%30.8%28.8%28.5%
Skew 25d4.9%2.8%6.5%3.8%4.1%
Skew 10d8.4%0.4%10.2%2.6%6.8%
Call IV 25d26.0%24.1%27.4%26.5%26.2%
Put IV 25d30.9%28.7%33.1%30.3%30.3%
Bid-Ask Spread %78.9973.0086.5284.7678.89
Gamma HHI0.100.070.220.090.07
Net GEX6.8M-432.6K12.0M8.8M-432.6K
Net DEX-147.2M-259.4M-11.6M-217.3M-11.6M
Net VEX-942.6K-1.0M-864.1K-962.8K-864.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.175.040.174.58
Total Volume5,404.2111,34014,7458,0551,340
Total OI203,802.632143,510243,075213,965150,210

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$58.21$54.0028.4%8.1%24.8%3.7%28.8%3.8%-2.0%8.8M-217.3M-962.8K0.1784.766,8951,16099,280114,685
2023-02-02$59.12$53.0029.8%7.9%25.0%8.3%27.4%6.2%-0.3%9.6M-259.4M-964.0K0.2575.928,1002,050104,860115,200
2023-02-03$57.69$53.0030.2%8.0%24.9%9.6%28.2%5.6%-0.1%11.4M-215.9M-1.0M0.5876.443,8252,220110,020115,685
2023-02-06$56.87$54.0032.6%8.2%25.8%17.7%30.8%5.4%-0.4%11.2M-176.8M-1.0M3.4973.001,9756,895110,375116,960
2023-02-07$58.19$55.0031.5%8.0%26.0%14.1%28.3%5.0%-0.2%11.6M-231.8M-1.0M0.9975.411,9901,965111,235120,815
2023-02-08$57.72$55.0028.0%8.0%26.2%2.4%29.2%5.3%0.1%12.0M-216.8M-1.0M0.2676.8011,6603,085111,800121,560
2023-02-09$57.74$55.0028.9%8.3%26.1%5.4%30.6%4.6%-0.7%10.7M-184.0M-995.5K1.3077.611,6252,110106,825122,385
2023-02-10$56.91$55.0029.1%8.3%26.9%6.1%30.4%5.1%-0.4%10.3M-149.0M-1.0M3.0075.511,2553,765107,140123,470
2023-02-13$57.74$55.0029.3%8.4%27.2%6.7%29.4%5.2%-1.3%10.4M-180.3M-991.7K1.3977.558301,150107,690125,100
2023-02-14$58.60$55.0026.4%7.6%27.4%0.0%29.6%4.7%0.4%11.3M-231.3M-931.3K3.5478.711,1354,020108,085125,810
2023-02-15$58.91$55.0026.2%7.5%26.6%0.0%27.8%4.5%0.7%10.0M-246.7M-918.3K1.8979.489401,780108,670127,380
2023-02-16$57.67$55.0026.8%7.7%28.1%1.8%26.9%5.0%0.4%7.4M-196.6M-905.3K0.2880.259,2852,560108,540127,395
2023-02-17$56.76$55.0027.5%7.9%27.7%4.3%29.0%5.1%-0.0%1.2M-161.0M-898.7K1.6380.361,1951,945114,990128,085
2023-02-21$55.86$56.0029.7%8.5%27.4%11.3%29.2%5.6%-1.1%503.9K-19.5M-881.3K1.1980.652,3352,78552,60090,910
2023-02-22$56.22$55.0030.3%8.7%27.3%13.0%29.8%6.5%-1.5%1.3M-31.5M-881.6K4.1886.524351,82053,51590,470
2023-02-23$56.87$55.0026.4%7.6%27.5%0.7%28.0%2.8%0.4%1.5M-40.5M-880.0K1.3985.951,2801,78553,39591,510
2023-02-24$55.54$55.0028.8%8.3%27.8%8.4%27.9%4.6%-0.5%-63.0K-12.3M-871.0K1.3876.241,1501,58554,30592,495
2023-02-27$55.67$55.0028.8%8.3%27.4%8.4%30.4%4.6%-0.7%-53.7K-13.4M-871.5K5.0480.784552,29555,10093,700
2023-02-28$55.69$55.0028.0%8.0%26.6%5.8%28.5%4.1%-0.5%-432.6K-11.6M-864.1K4.5878.892401,10055,08095,130