IHDG Options History — March 2023

In March 2023, IHDG traded between $37.16 and $39.36. ATM implied volatility averaged 64.8%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 52.0% (HV 20d: 12.9%). Max pain ranged from $39.00 to $39.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2023-03-22: Highest Volume — 2 contracts
2023-03-14: Largest IV spike — 83.7% change
2023-03-14: Highest IV Rank — 100.0%
2023-03-14: Largest Expected Move — 19.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.09	$37.16	$39.36	$38.01	$39.36
Max Pain	$39.00	$39.00	$39.00	$39.00	$39.00
ATM IV	64.8%	24.9%	228.5%	60.8%	50.1%
Expected Move	13.1%	7.1%	19.6%	17.4%	14.4%
HV 20d	12.9%	10.3%	15.4%	10.3%	15.4%
HV 60d	13.9%	11.6%	22.4%	22.3%	11.6%
IV Rank	34.3%	6.9%	100.0%	41.1%	18.4%
IV Percentile	68.7%	5.6%	100.0%	88.1%	67.1%
Term Structure	-5.7%	-13.6%	12.9%	-12.7%	-9.0%
VWIV	30.7%	30.7%	30.7%	30.7%	30.7%
Skew 25d	36.6%	9.9%	56.4%	49.4%	46.0%
Skew 10d	40.2%	0.0%	64.6%	49.4%	64.6%
Call IV 25d	37.2%	13.7%	53.6%	53.6%	39.2%
Put IV 25d	73.8%	33.6%	109.3%	103.0%	85.2%
Bid-Ask Spread %	174.93	148.42	182.97	182.74	174.97
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	71	0	261	0	252
Net DEX	-1.2K	-4.4K	0	0	-4.4K
Net VEX	-2	-9	0	0	-7
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.087	0	2	0	0
Total OI	0.609	0	2	0	2

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2023-03-01	$38.01	$0.00	60.8%	17.4%	10.3%	41.1%	0.0%	49.4%	-12.7%	0	0	0	182.74	N/A	N/A	0	0
2023-03-02	$38.37	$0.00	59.2%	17.0%	10.7%	39.8%	0.0%	49.9%	-11.3%	0	0	0	174.96	N/A	N/A	0	0
2023-03-03	$38.55	$0.00	57.1%	16.4%	10.8%	38.0%	0.0%	56.4%	-13.6%	0	0	0	181.01	N/A	N/A	0	0
2023-03-06	$38.41	$0.00	70.1%	10.7%	10.4%	48.6%	0.0%	28.7%	-4.2%	0	0	0	182.18	N/A	N/A	0	0
2023-03-07	$38.22	$0.00	72.3%	10.5%	10.3%	50.3%	0.0%	28.4%	-4.2%	0	0	0	182.97	N/A	N/A	0	0
2023-03-08	$38.27	$0.00	79.5%	11.1%	10.3%	56.2%	0.0%	38.2%	-3.0%	0	0	0	175.77	N/A	N/A	0	0
2023-03-09	$37.84	$0.00	80.2%	10.7%	10.9%	56.7%	0.0%	48.5%	-3.6%	0	0	0	174.20	N/A	N/A	0	0
2023-03-10	$37.39	$0.00	90.4%	11.5%	11.6%	64.9%	0.0%	26.7%	-3.4%	0	0	0	180.19	N/A	N/A	0	0
2023-03-13	$37.21	$0.00	124.4%	12.4%	11.5%	92.3%	0.0%	20.2%	-5.8%	0	0	0	173.04	N/A	N/A	0	0
2023-03-14	$37.59	$0.00	228.5%	19.6%	11.2%	100.0%	0.0%	27.6%	-6.3%	0	0	0	176.50	N/A	N/A	0	0
2023-03-15	$37.16	$0.00	42.8%	12.3%	11.7%	15.0%	0.0%	32.3%	-6.4%	0	0	0	172.46	N/A	N/A	0	0
2023-03-16	$37.84	$0.00	39.2%	11.2%	13.6%	13.4%	0.0%	32.1%	-4.2%	0	0	0	175.28	N/A	N/A	0	0
2023-03-17	$37.36	$0.00	43.8%	12.6%	14.1%	15.5%	0.0%	48.0%	-6.6%	0	0	0	177.39	N/A	N/A	0	0
2023-03-20	$37.81	$0.00	24.9%	7.1%	14.8%	6.9%	0.0%	9.9%	12.9%	0	0	0	165.05	N/A	N/A	0	0
2023-03-21	$38.23	$0.00	43.4%	12.4%	15.0%	15.3%	0.0%	34.6%	-6.3%	0	0	0	173.00	N/A	N/A	0	0
2023-03-22	$38.07	$0.00	44.2%	12.7%	15.1%	15.7%	30.7%	19.2%	-4.9%	0	0	0	177.24	N/A	N/A	2	0
2023-03-23	$38.09	$39.00	44.4%	12.7%	15.0%	15.8%	0.0%	38.8%	-4.9%	235	-3.4K	-9	177.24	N/A	N/A	0	2
2023-03-24	$38.25	$39.00	45.3%	13.0%	14.4%	16.2%	0.0%	44.2%	-6.3%	159	-3.8K	-8	170.90	N/A	N/A	0	2
2023-03-27	$38.34	$39.00	48.4%	13.9%	14.2%	17.6%	0.0%	38.5%	-7.7%	250	-3.7K	-8	177.82	N/A	N/A	0	2
2023-03-28	$38.09	$39.00	48.3%	13.9%	14.2%	17.6%	0.0%	39.5%	-6.0%	234	-3.5K	-8	173.87	N/A	N/A	0	2
2023-03-29	$38.67	$39.00	46.4%	13.3%	15.2%	16.7%	0.0%	42.2%	-6.7%	239	-3.9K	-8	176.10	N/A	N/A	0	2
2023-03-30	$38.96	$39.00	47.9%	13.7%	15.0%	17.4%	0.0%	42.9%	-6.2%	261	-4.1K	-8	148.42	N/A	N/A	0	2
2023-03-31	$39.36	$39.00	50.1%	14.4%	15.4%	18.4%	0.0%	46.0%	-9.0%	252	-4.4K	-7	174.97	N/A	N/A	0	2