IHDG Options History — November 2022

In November 2022, IHDG traded between $37.44 and $40.75. ATM implied volatility averaged 48.4%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 32.5% (HV 20d: 15.9%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days.

Notable Days

  • 2022-11-15: Largest IV spike — 92.7% change
  • 2022-11-08: Highest IV Rank — 55.5%
  • 2022-11-02: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.36$37.44$40.75$37.99$40.75
Max Pain$41.00$41.00$41.00$41.00$41.00
ATM IV48.4%19.1%62.7%53.9%55.7%
Expected Move12.9%5.5%16.8%15.5%16.0%
HV 20d15.9%14.4%18.0%16.4%15.0%
HV 60d19.5%18.9%20.3%19.1%19.0%
IV Rank40.5%9.6%55.5%46.3%48.2%
IV Percentile73.5%3.6%94.8%90.5%90.1%
Term Structure-7.4%-21.9%31.2%-14.9%-13.0%
Skew 25d23.4%-22.7%61.4%38.0%47.4%
Skew 10d22.7%-52.6%72.7%3.3%72.7%
Call IV 25d35.4%15.1%56.7%33.3%49.1%
Put IV 25d58.8%23.0%96.5%71.3%96.5%
Bid-Ask Spread %156.14110.37185.96147.71173.63
Gamma HHI1.001.001.001.001.00
Net GEX-1.1K-3.0K0-1.1K0
Net DEX18.5K037.0K27.9K0
Net VEX-12-270-270
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI6.667010100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$37.99$41.0053.9%15.5%16.4%46.3%0.0%38.0%-14.9%-1.1K27.9K-270.00147.71N/AN/A00010
2022-11-02$37.48$41.0058.5%16.8%17.1%51.0%0.0%45.9%-21.9%-1.0K29.0K-250.00144.17N/AN/A00010
2022-11-03$37.44$0.0051.3%10.4%16.4%43.6%0.0%25.9%-6.8%-1.0K29.6K-220.00185.96N/AN/A00010
2022-11-04$38.11$0.0055.2%11.5%15.7%47.6%0.0%34.4%-7.7%-1.1K28.7K-240.00147.66N/AN/A00010
2022-11-07$38.13$0.0061.6%11.8%15.7%54.3%0.0%34.9%-9.8%-1.2K28.9K-200.00152.13N/AN/A00010
2022-11-08$38.53$0.0062.7%11.9%15.3%55.5%0.0%29.5%-16.3%-1.3K28.3K-210.00153.14N/AN/A00010
2022-11-09$38.51$0.0039.8%11.4%15.2%31.4%0.0%41.2%-13.1%-1.3K28.4K-200.00163.29N/AN/A00010
2022-11-10$39.71$0.0035.6%10.2%18.0%27.0%0.0%7.5%-8.1%-2.0K25.7K-220.00178.60N/AN/A00010
2022-11-11$39.94$0.0035.8%10.3%17.5%27.2%0.0%9.7%-4.7%-2.2K26.0K-210.00146.03N/AN/A00010
2022-11-14$39.92$0.0019.1%5.5%16.6%9.6%0.0%2.9%14.6%-2.1K25.1K-160.00110.37N/AN/A00010
2022-11-15$39.69$0.0036.7%10.5%16.9%28.2%0.0%-22.6%-2.5%-1.6K23.6K-140.00173.27N/AN/A00010
2022-11-16$39.57$0.0044.1%12.6%16.2%35.9%0.0%6.9%-16.2%-1.6K24.4K-110.00146.28N/AN/A00010
2022-11-17$39.69$0.0049.3%14.1%16.1%41.4%0.0%28.9%-20.5%-1.7K25.0K-80.00156.63N/AN/A00010
2022-11-18$39.90$0.0039.5%11.3%15.6%31.1%0.0%14.1%31.2%-3.0K37.0K-10.00125.86N/AN/A00010
2022-11-21$40.02$0.0054.6%15.7%15.6%47.0%0.0%18.4%-15.6%0000.00149.40N/AN/A0000
2022-11-22$40.15$0.0050.1%14.4%15.0%42.2%0.0%6.2%1.4%0000.00152.05N/AN/A0000
2022-11-23$40.24$0.0054.5%15.6%15.0%46.9%0.0%-22.7%-12.4%0000.00156.46N/AN/A0000
2022-11-25$40.45$0.0053.1%15.2%14.4%45.4%0.0%38.4%-10.9%0000.00171.15N/AN/A0000
2022-11-28$40.20$0.0047.6%13.6%14.8%39.6%0.0%61.4%6.2%0000.00166.66N/AN/A0000
2022-11-29$40.19$0.0058.1%16.6%14.6%50.6%0.0%44.9%-14.1%0000.00178.38N/AN/A0000
2022-11-30$40.75$0.0055.7%16.0%15.0%48.2%0.0%47.4%-13.0%0000.00173.63N/AN/A0000