IGV Options History — April 2023

In April 2023, IGV traded between $58.05 and $60.65. ATM implied volatility averaged 23.3%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.9% (HV 20d: 18.4%). Max pain ranged from $57.00 to $59.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 22.28.

Notable Days

2023-04-17: Highest Volume — 34,730 contracts
2023-04-25: Largest IV spike — 15.4% change
2023-04-25: Highest IV Rank — 9.2%
2023-04-10: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.79	$58.05	$60.65	$60.48	$59.15
Max Pain	$57.95	$57.00	$59.00	$57.00	$59.00
ATM IV	23.3%	21.3%	24.9%	24.0%	21.3%
Expected Move	6.7%	6.1%	7.3%	6.9%	6.1%
HV 20d	18.4%	14.0%	24.7%	24.6%	17.3%
HV 60d	23.5%	22.0%	24.3%	24.3%	22.0%
IV Rank	2.9%	0.0%	9.2%	2.6%	0.0%
IV Percentile	1.6%	0.0%	6.7%	0.4%	0.0%
Term Structure	1.0%	0.1%	2.2%	1.7%	1.4%
VWIV	24.3%	21.9%	26.9%	23.3%	25.2%
Skew 25d	5.3%	4.7%	6.1%	4.8%	4.9%
Skew 10d	10.1%	8.4%	11.3%	9.1%	9.5%
Call IV 25d	21.0%	19.0%	22.7%	21.2%	19.0%
Put IV 25d	26.3%	23.8%	28.6%	26.0%	23.8%
Bid-Ask Spread %	66.86	51.86	78.36	58.01	51.86
Gamma HHI	0.15	0.07	0.64	0.07	0.09
Net GEX	-769.7K	-23.5M	5.2M	3.1M	327.1K
Net DEX	-74.9M	-107.0M	-13.5M	-99.6M	-43.5M
Net VEX	-949.2K	-1.0M	-902.1K	-995.0K	-950.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	22.28	0.20	384.89	0.45	1.13
Total Volume	5,896.316	495	34,730	1,315	11,670
Total OI	134,960	118,940	158,070	128,355	130,620

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$60.48	$57.00	24.0%	6.9%	24.6%	2.6%	23.3%	4.8%	1.7%	3.1M	-99.6M	-995.0K	0.45	58.01	905	410	50,390	77,965
2023-04-04	$60.39	$57.00	24.1%	6.9%	24.2%	2.8%	22.5%	4.7%	1.6%	3.1M	-99.7M	-990.7K	0.55	58.41	1,665	915	50,830	78,280
2023-04-05	$59.70	$57.00	23.0%	6.6%	24.7%	0.0%	22.5%	4.8%	2.2%	2.6M	-79.6M	-1.0M	0.66	60.83	1,330	875	51,225	78,730
2023-04-06	$59.92	$57.00	22.4%	7.1%	22.7%	0.0%	25.5%	5.9%	0.6%	3.1M	-86.3M	-997.1K	1.38	72.38	495	685	51,620	79,105
2023-04-10	$59.82	$57.00	24.1%	7.3%	19.0%	4.9%	24.4%	5.9%	0.5%	3.2M	-85.2M	-969.5K	1.36	72.75	210	285	51,735	79,475
2023-04-11	$59.61	$58.00	23.1%	7.1%	18.8%	2.0%	25.6%	6.1%	0.4%	3.2M	-81.5M	-958.8K	0.51	73.39	335	170	51,730	79,565
2023-04-12	$59.53	$58.00	24.9%	7.1%	18.7%	7.2%	25.8%	5.7%	0.4%	3.2M	-78.6M	-950.5K	3.55	74.77	650	2,310	51,905	79,715
2023-04-13	$60.62	$58.00	23.7%	6.8%	19.4%	3.8%	26.9%	5.4%	0.9%	4.6M	-107.0M	-933.9K	5.70	63.93	200	1,140	52,045	81,300
2023-04-14	$60.33	$58.00	23.6%	6.8%	16.8%	3.4%	23.1%	5.4%	0.8%	4.5M	-99.5M	-927.0K	1.37	74.22	515	705	52,050	81,680
2023-04-17	$60.45	$58.00	23.8%	6.8%	16.4%	3.9%	26.7%	5.1%	0.7%	5.2M	-105.4M	-902.1K	384.89	73.84	90	34,640	52,125	81,935
2023-04-18	$60.65	$58.00	22.4%	6.4%	16.4%	0.0%	25.0%	5.2%	0.9%	-5.9M	-87.9M	-917.5K	0.74	72.55	2,990	2,220	52,180	101,545
2023-04-19	$60.46	$58.00	22.9%	6.6%	14.8%	1.5%	25.2%	5.0%	1.0%	-8.2M	-84.2M	-931.3K	0.20	73.23	3,580	700	53,560	102,990
2023-04-20	$59.99	$58.00	23.1%	6.6%	14.1%	2.0%	24.3%	5.1%	1.3%	-15.2M	-62.4M	-932.2K	8.11	78.36	1,045	8,470	54,700	103,370
2023-04-21	$60.04	$58.00	22.0%	6.3%	14.0%	0.0%	21.9%	4.9%	1.5%	-23.5M	-82.5M	-928.1K	0.60	77.61	2,335	1,390	55,000	99,670
2023-04-24	$59.74	$58.00	21.6%	6.2%	14.2%	0.0%	22.0%	5.3%	1.4%	2.7M	-66.6M	-918.2K	5.57	61.17	1,085	6,045	48,160	70,780
2023-04-25	$58.05	$59.00	24.9%	7.1%	17.7%	9.2%	25.0%	5.7%	0.4%	144.2K	-20.3M	-932.3K	3.09	58.69	3,045	9,410	48,635	73,630
2023-04-26	$58.05	$59.00	24.7%	7.1%	17.5%	8.8%	24.4%	5.3%	0.1%	-902.3K	-13.5M	-948.8K	1.62	58.04	2,050	3,325	49,460	77,765
2023-04-27	$59.11	$59.00	22.4%	6.4%	17.4%	2.3%	22.4%	5.0%	0.7%	217.3K	-40.5M	-950.5K	1.94	56.35	1,410	2,730	49,940	78,830
2023-04-28	$59.15	$59.00	21.3%	6.1%	17.3%	0.0%	25.2%	4.9%	1.4%	327.1K	-43.5M	-950.5K	1.13	51.86	5,470	6,200	50,710	79,910