IHDG Options History — April 2022

In April 2022, IHDG traded between $40.43 and $43.65. ATM implied volatility averaged 45.6%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 30.2% (HV 20d: 15.5%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2022-04-11: Largest IV spike — 75.3% change
  • 2022-04-11: Highest IV Rank — 100.0%
  • 2022-04-29: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.37$40.43$43.65$43.22$41.44
ATM IV45.6%22.3%105.1%37.8%42.0%
Expected Move9.5%6.4%12.0%7.5%12.0%
HV 20d15.5%12.1%19.7%19.7%17.7%
HV 60d20.3%19.4%20.8%20.4%20.8%
IV Rank39.6%11.3%100.0%16.1%32.4%
IV Percentile75.5%7.5%100.0%75.8%84.1%
Term Structure-6.8%-18.1%6.2%-12.0%-1.8%
Skew 25d5.5%-2.3%16.2%2.3%3.5%
Skew 10d6.6%-7.4%26.7%4.9%2.9%
Call IV 25d33.8%18.6%46.7%43.7%46.7%
Put IV 25d39.3%30.8%50.1%46.1%50.1%
Bid-Ask Spread %151.90131.63170.65157.20159.32
Gamma HHI1.001.001.001.001.00
Net GEX-785-1.3K00-940
Net DEX14.2K020.0K018.8K
Net VEX-102-12500-121
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI8.5010010

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$43.22$0.0037.8%7.5%19.7%16.1%0.0%2.3%-12.0%0000.00157.20N/AN/A0000
2022-04-04$43.65$0.0048.3%8.0%17.9%48.4%0.0%2.5%-4.7%0000.00161.55N/AN/A0000
2022-04-05$43.22$0.0053.2%8.9%18.6%55.0%0.0%3.4%-5.6%0000.00156.26N/AN/A0000
2022-04-06$42.75$0.0055.2%8.3%16.4%57.6%0.0%-2.3%-11.1%-1.0K17.2K-1250.00167.37N/AN/A00010
2022-04-07$43.04$0.0057.5%10.2%15.7%60.7%0.0%15.8%-8.6%-83614.1K-1190.00148.75N/AN/A00010
2022-04-08$42.99$0.0051.1%7.7%15.6%60.4%0.0%4.1%-6.0%-1.1K16.8K-1240.00159.23N/AN/A00010
2022-04-11$42.47$0.0089.7%10.1%16.5%100.0%0.0%5.4%-9.4%-76815.8K-1220.00147.21N/AN/A00010
2022-04-12$42.29$0.00105.1%11.3%16.5%100.0%0.0%7.9%-13.7%-86713.9K-1160.00145.92N/AN/A00010
2022-04-13$42.79$0.0034.3%9.8%13.9%24.1%0.0%5.6%-18.1%-90916.8K-1240.00160.51N/AN/A00010
2022-04-14$42.81$0.0036.2%10.4%13.0%26.2%0.0%4.8%-11.7%-83514.3K-1170.00152.74N/AN/A00010
2022-04-18$42.69$0.0037.5%10.8%12.1%27.6%0.0%15.9%-5.4%-86916.6K-1220.00135.34N/AN/A00010
2022-04-19$42.92$0.0022.3%6.4%12.2%11.3%0.0%3.3%6.2%-91714.6K-1170.00148.13N/AN/A00010
2022-04-20$42.84$0.0030.5%8.7%12.1%20.1%0.0%16.2%-1.1%-88314.6K-1160.00131.63N/AN/A00010
2022-04-21$41.95$0.0029.8%8.6%13.9%19.4%0.0%6.5%-4.4%-1.1K18.1K-1230.00157.43N/AN/A00010
2022-04-22$41.62$0.0031.4%9.0%14.0%21.1%0.0%2.7%-1.6%-70516.5K-1190.00143.45N/AN/A00010
2022-04-25$41.33$0.0036.7%10.5%13.9%26.7%0.0%2.3%-6.1%-88919.0K-1220.00145.20N/AN/A00010
2022-04-26$40.43$0.0036.2%10.4%15.3%26.2%0.0%3.3%-6.0%-90217.9K-1180.00142.02N/AN/A00010
2022-04-27$41.22$0.0040.7%11.7%16.6%31.0%0.0%3.9%-8.3%-1.3K20.0K-1210.00170.65N/AN/A00010
2022-04-28$41.82$0.0037.0%10.6%17.7%27.1%0.0%2.7%-5.9%-92218.3K-1210.00148.16N/AN/A00010
2022-04-29$41.44$0.0042.0%12.0%17.7%32.4%0.0%3.5%-1.8%-94018.8K-1210.00159.32N/AN/A00010