IMCG Options History — September 2023

In September 2023, IMCG traded between $56.41 and $61.08. ATM implied volatility averaged 21.8%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 8.8% (HV 20d: 13.0%). Max pain ranged from $58.00 to $63.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2023-09-13: Largest IV drop — 61.2% change
  • 2023-09-12: Highest IV Rank — 59.8%
  • 2023-09-28: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.72$56.41$61.08$61.08$57.12
Max Pain$62.75$58.00$63.00$58.00$63.00
ATM IV21.8%13.8%41.4%20.9%21.5%
Expected Move5.1%4.0%6.3%6.0%6.2%
HV 20d13.0%11.6%13.7%13.3%12.2%
HV 60d12.8%12.5%13.2%12.8%13.0%
IV Rank20.9%5.0%59.8%19.2%20.4%
IV Percentile49.1%2.9%97.5%56.1%63.1%
Term Structure-2.5%-5.9%0.2%-5.9%-4.3%
Skew 25d1.2%-9.0%8.8%0.3%-1.1%
Skew 10d0.5%-2.2%9.0%-0.7%-0.8%
Call IV 25d16.3%10.0%20.2%18.1%18.7%
Put IV 25d17.5%11.2%25.6%18.4%17.6%
Bid-Ask Spread %139.37136.05143.09139.88136.63
Gamma HHI0.500.360.630.630.54
Net GEX9473652.1K2.1K395
Net DEX-4.9K-12.7K-1.8K-12.7K-2.1K
Net VEX-21-41-9-41-9
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI53773

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$61.08$58.0020.9%6.0%13.3%19.2%0.0%0.3%-5.9%2.1K-12.7K-410.00139.88N/AN/A0061
2023-09-05$60.48$63.0024.0%4.6%13.5%25.2%0.0%0.3%-1.6%1.8K-9.6K-360.00141.79N/AN/A0061
2023-09-06$60.22$63.0019.8%4.3%13.5%17.0%0.0%2.5%-0.1%1.6K-7.8K-320.00140.21N/AN/A0061
2023-09-07$59.98$63.0029.3%5.0%13.5%35.7%0.0%2.0%-0.4%1.4K-8.7K-350.00143.09N/AN/A0061
2023-09-08$59.63$63.0029.4%5.0%13.5%36.0%0.0%0.5%-3.9%1.3K-6.5K-300.00141.00N/AN/A0061
2023-09-11$59.89$63.0034.4%5.0%13.6%45.9%0.0%2.4%-5.8%1.4K-7.0K-270.00142.09N/AN/A0061
2023-09-12$59.60$63.0041.4%5.0%13.6%59.8%0.0%1.3%-4.4%958-5.4K-250.00137.31N/AN/A0061
2023-09-13$59.26$63.0016.1%4.6%13.1%9.6%0.0%0.2%-1.0%798-3.6K-200.00139.56N/AN/A0061
2023-09-14$59.73$63.0017.3%5.0%13.2%12.0%0.0%5.3%-1.6%1.2K-5.9K-230.00141.14N/AN/A0061
2023-09-15$59.00$63.0016.1%4.6%12.8%9.6%0.0%4.1%-2.1%372-2.9K-180.00141.43N/AN/A0061
2023-09-18$58.95$63.0013.8%4.0%12.7%5.0%0.0%-9.0%-0.2%980-4.3K-170.00139.32N/AN/A0030
2023-09-19$58.79$63.0018.4%5.3%12.7%14.2%0.0%1.7%-2.2%925-3.9K-170.00137.59N/AN/A0030
2023-09-20$58.51$63.0016.9%4.8%12.8%11.2%0.0%-0.1%0.2%851-3.3K-150.00136.28N/AN/A0030
2023-09-21$57.28$63.0017.6%5.1%13.7%12.7%0.0%-2.0%-3.3%535-2.4K-120.00136.75N/AN/A0030
2023-09-22$57.25$63.0019.0%5.4%12.8%15.3%0.0%3.2%-3.4%516-2.4K-120.00141.39N/AN/A0030
2023-09-25$57.26$63.0019.4%5.6%12.4%16.3%0.0%8.8%-2.8%530-2.5K-120.00141.29N/AN/A0030
2023-09-26$56.41$63.0020.7%5.9%13.0%18.8%0.0%-1.8%-1.0%383-2.0K-100.00138.16N/AN/A0030
2023-09-27$56.65$63.0017.5%5.0%11.6%12.4%0.0%2.4%-0.1%365-1.8K-90.00136.43N/AN/A0030
2023-09-28$57.27$63.0021.9%6.3%12.3%21.2%0.0%3.5%-5.0%538-2.4K-100.00136.05N/AN/A0030
2023-09-29$57.12$63.0021.5%6.2%12.2%20.4%0.0%-1.1%-4.3%395-2.1K-90.00136.63N/AN/A0030