IHDG Options History — September 2018

In September 2018, IHDG traded between $31.62 and $32.34. ATM implied volatility averaged 20.3%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 11.5% (HV 20d: 8.8%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2018-09-04: Highest Volume — 4 contracts
  • 2018-09-17: Largest IV spike — 41.1% change
  • 2018-09-21: Highest IV Rank — 51.4%
  • 2018-09-12: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.99$31.62$32.34$32.34$32.04
ATM IV20.3%15.5%26.2%22.4%17.9%
Expected Move5.4%4.4%7.5%6.4%5.1%
HV 20d8.8%7.6%10.0%9.2%7.6%
HV 60d8.7%8.0%9.4%9.0%8.1%
IV Rank29.3%9.5%51.4%14.7%40.4%
IV Percentile75.1%48.4%94.4%85.7%65.1%
Term Structure-2.8%-8.3%-0.9%-8.3%-2.3%
Skew 25d1.4%0.0%3.1%0.9%0.1%
Skew 10d1.9%-5.7%6.3%-3.7%2.2%
Call IV 25d21.3%17.5%31.5%24.0%21.6%
Put IV 25d22.7%19.3%32.8%24.9%21.7%
Bid-Ask Spread %176.51165.37190.58172.77174.73
Gamma HHI0.390.360.400.390.40
Net GEX901729978840950
Net DEX-19.1K-20.5K-17.2K-20.3K-19.6K
Net VEX-36-42-31-36-31
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume44444
Total OI88888

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$32.34$0.0022.4%6.4%9.2%14.7%0.0%0.9%-8.3%840-20.3K-360.00172.77N/AN/A4080
2018-09-05$31.99$0.0020.6%5.9%9.9%13.3%0.0%0.0%-4.4%909-19.1K-390.00171.39N/AN/A4080
2018-09-06$31.83$0.0021.3%4.5%10.0%13.9%0.0%1.7%-1.3%950-18.6K-390.00173.35N/AN/A4080
2018-09-07$31.62$0.0023.4%4.8%9.9%15.5%0.0%2.3%-0.9%947-17.5K-400.00171.09N/AN/A4080
2018-09-10$31.71$0.0025.4%4.9%9.8%16.9%0.0%1.7%-1.2%945-18.0K-390.00165.37N/AN/A4080
2018-09-11$31.68$0.0025.4%4.8%9.8%16.9%0.0%3.1%-1.0%965-17.8K-400.00173.22N/AN/A4080
2018-09-12$31.80$0.0026.2%7.5%9.5%17.6%0.0%1.3%-3.2%729-17.2K-420.00190.58N/AN/A4080
2018-09-13$31.79$0.0016.2%4.7%8.3%10.1%0.0%1.5%-1.9%978-18.5K-380.00175.77N/AN/A4080
2018-09-14$31.96$0.0015.5%4.4%8.3%9.5%0.0%1.4%-1.2%947-19.2K-360.00177.68N/AN/A4080
2018-09-17$31.85$0.0021.9%6.3%8.3%50.8%0.0%1.4%-3.2%844-18.0K-390.00185.07N/AN/A4080
2018-09-18$32.03$0.0021.1%6.1%8.4%48.9%0.0%1.7%-2.4%827-18.6K-370.00186.94N/AN/A4080
2018-09-19$32.08$0.0016.3%4.7%8.5%36.1%0.0%1.4%-1.6%929-19.7K-330.00177.89N/AN/A4080
2018-09-20$32.27$0.0016.5%4.7%8.8%36.5%0.0%2.4%-1.6%883-20.5K-320.00174.71N/AN/A4080
2018-09-21$32.30$0.0022.1%6.3%8.8%51.4%0.0%1.6%-3.0%786-19.3K-360.00179.87N/AN/A4080
2018-09-24$32.07$0.0017.2%4.9%9.0%38.3%0.0%1.0%-2.3%938-19.7K-320.00177.35N/AN/A4080
2018-09-25$32.15$0.0017.5%5.0%7.8%39.1%0.0%0.5%-2.8%923-20.1K-320.00175.59N/AN/A4080
2018-09-26$32.19$0.0018.6%5.3%7.8%42.1%0.0%0.6%-4.7%913-20.2K-310.00175.06N/AN/A4080
2018-09-27$32.19$0.0019.8%5.7%7.8%45.3%0.0%1.4%-5.8%916-20.2K-310.00175.21N/AN/A4080
2018-09-28$32.04$0.0017.9%5.1%7.6%40.4%0.0%0.1%-2.3%950-19.6K-310.00174.73N/AN/A4080