IGV Options History — February 2024

In February 2024, IGV traded between $81.88 and $88.57. ATM implied volatility averaged 20.5%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.2% (HV 20d: 20.8%). Max pain ranged from $84.00 to $87.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 4.21.

Notable Days

2024-02-21: Highest Volume — 42,970 contracts
2024-02-20: Largest IV spike — 10.3% change
2024-02-20: Highest IV Rank — 19.7%
2024-02-20: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$85.74	$81.88	$88.57	$85.31	$86.08
Max Pain	$84.95	$84.00	$87.00	$84.00	$84.00
ATM IV	20.5%	18.6%	22.4%	20.6%	20.0%
Expected Move	5.8%	5.3%	6.4%	5.7%	5.7%
HV 20d	20.8%	15.3%	26.7%	16.7%	24.8%
HV 60d	18.4%	16.6%	20.3%	17.8%	20.0%
IV Rank	13.3%	6.5%	19.7%	13.7%	11.5%
IV Percentile	43.3%	14.7%	65.1%	44.0%	38.1%
Term Structure	0.1%	-1.5%	2.2%	0.7%	-0.2%
VWIV	21.4%	19.5%	23.9%	21.2%	20.9%
Skew 25d	2.8%	1.6%	4.4%	3.7%	2.4%
Skew 10d	6.2%	3.7%	9.3%	8.1%	5.1%
Call IV 25d	19.3%	17.8%	20.7%	17.8%	19.3%
Put IV 25d	22.1%	20.7%	24.9%	21.6%	21.6%
Bid-Ask Spread %	51.90	43.35	59.86	45.39	55.97
Gamma HHI	0.16	0.10	0.29	0.14	0.16
Net GEX	2.2M	-13.4M	18.7M	2.3M	-10.1M
Net DEX	-130.7M	-326.4M	54.5M	-168.3M	-39.4M
Net VEX	-661.8K	-756.5K	-585.7K	-711.2K	-756.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.21	0.31	29.89	4.15	1.62
Total Volume	11,332.25	1,755	42,970	1,855	14,115
Total OI	122,671.25	64,725	164,240	133,460	104,695

Daily Data (20 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
2024-02-01	$85.31	$84.00	20.6%	5.7%	16.7%	13.7%	21.2%	3.7%	0.7%	2.3M	-168.3M	-711.2K	4.15	45.39	360	1,495	45,260	88,200
2024-02-02	$85.91	$84.00	20.0%	5.5%	16.6%	11.3%	20.9%	2.9%	1.1%	4.3M	-180.6M	-686.7K	1.66	47.97	3,350	5,550	45,290	89,150
2024-02-05	$85.32	$84.00	21.4%	5.8%	17.0%	16.2%	19.5%	2.9%	0.5%	2.5M	-166.8M	-678.3K	0.93	47.58	1,040	965	46,555	92,755
2024-02-06	$84.95	$84.00	20.5%	5.6%	15.3%	13.1%	22.0%	2.6%	0.5%	2.3M	-159.6M	-643.4K	1.47	52.57	1,470	2,155	47,295	93,220
2024-02-07	$86.63	$84.00	18.6%	5.3%	16.4%	6.5%	20.5%	2.6%	2.2%	11.6M	-229.6M	-604.7K	3.65	51.94	1,475	5,380	47,880	94,025
2024-02-08	$87.38	$84.00	19.6%	5.6%	16.1%	10.0%	19.5%	2.4%	0.4%	14.9M	-254.0M	-611.6K	0.31	50.21	7,505	2,350	48,390	96,680
2024-02-09	$88.57	$84.00	19.1%	5.5%	16.4%	8.2%	20.8%	2.2%	1.1%	18.7M	-326.4M	-585.7K	2.18	49.75	6,090	13,305	53,845	97,845
2024-02-12	$87.52	$86.00	20.3%	5.8%	17.3%	12.6%	20.4%	2.5%	-0.3%	16.8M	-274.2M	-611.6K	1.14	50.01	3,455	3,935	55,900	101,765
2024-02-13	$85.39	$87.00	22.1%	6.3%	19.9%	18.9%	23.8%	3.7%	-0.4%	54.9K	-120.3M	-665.8K	9.99	43.35	2,265	22,620	54,590	105,090
2024-02-14	$87.19	$87.00	20.1%	5.8%	20.8%	11.7%	22.8%	3.2%	0.5%	18.4M	-243.6M	-621.2K	2.03	51.94	2,475	5,020	55,165	106,675
2024-02-15	$87.03	$87.00	20.1%	5.8%	20.7%	11.8%	20.9%	2.8%	0.3%	17.9M	-220.7M	-626.3K	1.37	54.48	1,005	1,375	54,530	109,710
2024-02-16	$85.70	$87.00	20.3%	5.8%	20.9%	12.5%	21.0%	3.3%	0.7%	-13.4M	-129.7M	-607.9K	3.01	50.76	2,360	7,105	54,090	110,025
2024-02-20	$84.39	$86.00	22.4%	6.4%	21.3%	19.7%	23.0%	3.8%	-1.2%	-6.3M	7.0M	-664.6K	4.43	52.77	1,230	5,445	21,535	43,190
2024-02-21	$81.88	$86.00	22.1%	6.3%	23.9%	18.8%	22.5%	4.4%	-1.5%	-8.4M	54.5M	-644.5K	4.91	55.39	7,275	35,695	21,570	43,935
2024-02-22	$84.38	$85.00	21.3%	6.1%	26.4%	16.0%	22.0%	2.4%	-0.8%	-7.2M	-7.9M	-676.7K	1.58	59.86	6,885	10,870	24,160	52,125
2024-02-23	$84.72	$84.00	20.1%	5.8%	26.4%	11.8%	20.1%	1.8%	-0.4%	-6.1M	-24.5M	-721.6K	3.59	51.95	780	2,800	29,290	55,130
2024-02-26	$85.67	$84.00	20.3%	5.8%	26.7%	12.4%	22.4%	1.6%	-0.5%	-3.9M	-54.8M	-679.2K	5.51	56.92	2,540	14,000	29,680	57,085
2024-02-27	$85.48	$84.00	20.6%	5.9%	25.8%	13.7%	21.0%	1.8%	-0.3%	-5.2M	-42.1M	-712.8K	0.71	53.77	1,025	730	30,580	57,735
2024-02-28	$85.24	$84.00	21.2%	6.1%	25.9%	15.5%	23.9%	2.9%	-0.7%	-5.8M	-33.5M	-725.3K	29.89	55.46	620	18,530	30,790	57,995
2024-02-29	$86.08	$84.00	20.0%	5.7%	24.8%	11.5%	20.9%	2.4%	-0.2%	-10.1M	-39.4M	-756.5K	1.62	55.97	5,385	8,730	30,830	73,865