IHDG Options History — February 2023

In February 2023, IHDG traded between $37.95 and $38.88. ATM implied volatility averaged 41.7%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 33.4% (HV 20d: 8.3%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days.

Notable Days

  • 2023-02-21: Largest IV spike — 333.7% change
  • 2023-02-07: Highest IV Rank — 47.9%
  • 2023-02-28: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.45$37.95$38.88$38.41$37.95
ATM IV41.7%11.3%69.2%54.5%55.7%
Expected Move10.8%3.2%16.0%15.6%16.0%
HV 20d8.3%7.1%10.3%8.6%10.3%
HV 60d22.5%22.1%23.3%23.3%22.3%
IV Rank25.6%1.1%47.9%36.0%36.9%
IV Percentile47.2%0.8%92.5%81.0%82.1%
Term Structure0.3%-20.4%28.5%-10.3%-11.5%
Skew 25d31.1%11.0%56.5%56.5%46.3%
Skew 10d16.3%-15.4%53.6%21.9%47.2%
Call IV 25d33.0%11.6%51.4%43.9%51.4%
Put IV 25d64.1%31.3%100.4%100.4%97.8%
Bid-Ask Spread %175.96157.92184.38160.94181.15
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$38.41$0.0054.5%15.6%8.6%36.0%0.0%56.5%-10.3%0000.00160.94N/AN/A0000
2023-02-02$38.55$0.0057.4%9.2%7.7%38.3%0.0%48.8%0.4%0000.00184.38N/AN/A0000
2023-02-03$38.88$0.0060.0%10.2%8.0%40.4%0.0%47.1%-4.2%0000.00177.17N/AN/A0000
2023-02-06$38.66$0.0025.2%9.6%7.3%12.3%0.0%30.8%1.8%0000.00167.65N/AN/A0000
2023-02-07$38.69$0.0069.2%10.5%7.2%47.9%0.0%31.5%-5.2%0000.00180.88N/AN/A0000
2023-02-08$38.48$0.0018.6%5.3%7.7%7.0%0.0%19.7%7.0%0000.00179.52N/AN/A0000
2023-02-09$38.39$0.0033.4%9.6%7.1%19.0%0.0%25.3%9.8%0000.00175.32N/AN/A0000
2023-02-10$38.13$0.0040.5%11.6%7.6%24.7%0.0%18.3%-20.4%0000.00177.88N/AN/A0000
2023-02-13$38.59$0.0032.2%9.2%8.5%18.0%0.0%32.5%-5.9%0000.00157.92N/AN/A0000
2023-02-14$38.68$0.0026.6%7.6%8.3%13.5%0.0%11.0%5.5%0000.00174.69N/AN/A0000
2023-02-15$38.77$0.0023.0%6.6%8.2%10.5%0.0%11.8%24.4%0000.00173.28N/AN/A0000
2023-02-16$38.52$0.0031.7%9.1%8.2%17.6%0.0%39.9%28.5%0000.00176.89N/AN/A0000
2023-02-17$38.66$0.0011.3%3.2%8.0%1.1%0.0%40.7%27.1%0000.00167.48N/AN/A0000
2023-02-21$38.27$0.0048.8%14.0%8.6%31.4%0.0%29.0%-7.9%0000.00183.10N/AN/A0000
2023-02-22$38.29$0.0049.9%14.3%8.6%32.2%0.0%29.9%-8.7%0000.00182.27N/AN/A0000
2023-02-23$38.42$0.0052.8%15.1%8.6%34.6%0.0%11.2%-6.4%0000.00178.97N/AN/A0000
2023-02-24$37.95$0.0045.9%13.2%9.7%29.0%0.0%15.3%-8.7%0000.00180.52N/AN/A0000
2023-02-27$38.22$0.0055.3%15.9%10.0%36.7%0.0%45.0%-10.6%0000.00183.29N/AN/A0000
2023-02-28$37.95$0.0055.7%16.0%10.3%36.9%0.0%46.3%-11.5%0000.00181.15N/AN/A0000