IGV Options History — July 2023

In July 2023, IGV traded between $68.04 and $73.45. ATM implied volatility averaged 19.5%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 0.8% (HV 20d: 18.7%). Max pain ranged from $60.00 to $68.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 2.18.

Notable Days

  • 2023-07-10: Highest Volume — 18,025 contracts
  • 2023-07-10: Largest IV spike — 11.6% change
  • 2023-07-20: Highest IV Rank — 6.4%
  • 2023-07-10: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.01$68.04$73.45$68.88$72.65
Max Pain$66.20$60.00$68.00$67.00$68.00
ATM IV19.5%18.0%20.3%18.0%19.1%
Expected Move5.7%5.2%6.2%5.2%5.5%
HV 20d18.7%16.7%22.8%22.3%18.6%
HV 60d19.9%19.5%20.9%19.5%19.7%
IV Rank4.2%0.6%6.4%0.6%3.3%
IV Percentile5.7%0.4%11.9%0.4%3.6%
Term Structure0.4%0.0%1.2%1.2%0.9%
VWIV20.3%18.2%23.5%18.2%20.0%
Skew 25d2.7%1.8%3.7%1.8%1.8%
Skew 10d5.6%3.4%7.4%4.6%3.4%
Call IV 25d18.7%17.3%20.1%17.3%18.6%
Put IV 25d21.4%19.1%23.6%19.1%20.3%
Bid-Ask Spread %69.5456.2775.9657.7459.71
Gamma HHI0.120.080.330.080.08
Net GEX2.9M-681.9K9.1M2.9M670.7K
Net DEX-173.2M-239.5M-130.0M-146.2M-177.7M
Net VEX-641.2K-768.0K-539.2K-666.2K-629.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.180.316.701.631.27
Total Volume3,800.571518,0251,3701,405
Total OI114,721.599,300131,54599,300120,035

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$68.88$67.0018.0%5.2%22.3%0.6%18.2%1.8%1.2%2.9M-146.2M-666.2K1.6357.7452085043,89055,410
2023-07-05$68.90$68.0019.1%5.5%22.2%3.2%19.8%2.0%0.7%3.1M-149.7M-645.7K0.7056.271,03572544,30555,300
2023-07-06$68.04$60.0019.4%5.9%22.8%4.1%20.7%3.7%0.4%2.1M-130.0M-670.2K6.0467.795553,35044,77555,795
2023-07-07$68.10$60.0018.2%5.8%18.5%1.0%19.6%3.5%0.6%2.2M-131.7M-662.8K0.6471.2143528044,91055,155
2023-07-10$68.98$60.0020.3%6.2%18.3%6.3%23.5%3.6%0.1%3.3M-148.7M-641.8K5.4468.442,80015,22544,78055,125
2023-07-11$70.14$67.0020.2%6.1%18.8%6.2%22.6%3.5%0.0%-283.8K-147.3M-768.0K0.5768.492,3751,36046,43085,115
2023-07-12$70.59$67.0019.6%5.6%17.5%4.6%20.6%3.3%0.1%3.2M-172.6M-683.8K0.6470.6971045546,44071,330
2023-07-13$71.85$67.0019.7%5.6%18.3%4.8%19.6%3.4%0.2%4.5M-202.1M-618.6K0.3771.392,54594546,13571,440
2023-07-14$71.66$67.0019.5%5.6%18.4%4.4%20.4%3.1%0.2%4.0M-190.7M-643.6K0.6370.471,6951,06546,10072,040
2023-07-17$72.63$67.0019.4%5.6%17.2%4.2%20.3%2.7%0.3%5.1M-219.6M-587.0K0.8072.9391573046,75072,735
2023-07-18$73.45$67.0019.8%5.7%17.2%5.1%19.9%2.4%0.2%5.5M-239.5M-539.2K0.7572.112,1301,60546,87072,865
2023-07-19$73.45$67.0020.1%5.8%16.7%5.9%19.9%2.1%0.2%4.9M-234.6M-571.1K0.4171.637,3452,98547,26574,060
2023-07-20$71.55$67.0020.3%5.8%18.3%6.4%20.5%2.7%0.1%5.0M-184.0M-651.9K0.7373.142,2701,66052,41075,970
2023-07-21$71.79$67.0019.3%5.5%18.3%3.8%19.4%2.6%0.4%9.1M-189.1M-629.7K0.3175.961,74054552,86075,865
2023-07-24$71.55$67.0019.3%5.5%18.1%3.9%20.0%2.4%0.3%1.4M-165.3M-619.7K5.9975.466403,83542,99565,845
2023-07-25$72.17$67.0019.7%5.6%17.8%4.8%21.6%2.4%0.0%1.7M-175.1M-634.7K6.6471.104252,82043,35569,055
2023-07-26$71.37$68.0019.4%5.6%17.6%4.2%19.1%2.5%0.3%202.8K-159.1M-630.5K1.2172.8781098043,67571,700
2023-07-27$70.63$68.0020.1%5.8%18.1%5.9%20.4%2.6%0.4%-681.9K-140.9M-670.2K6.7068.866654,45544,19571,625
2023-07-28$71.81$68.0018.6%5.3%18.9%2.1%19.0%2.1%0.9%-421.5K-159.1M-660.8K2.2174.5335077544,16075,665
2023-07-31$72.65$68.0019.1%5.5%18.6%3.3%20.0%1.8%0.9%670.7K-177.7M-629.3K1.2759.7162078544,13575,900