IHDG Options History — October 2023

In October 2023, IHDG traded between $37.14 and $39.09. ATM implied volatility averaged 41.3%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 30.5% (HV 20d: 10.8%). Max pain ranged from $39.00 to $39.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-10-10: Highest Volume — 5 contracts
2023-10-03: Largest IV spike — 441.4% change
2023-10-05: Highest IV Rank — 24.4%
2023-10-04: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.21	$37.14	$39.09	$38.52	$37.92
Max Pain	$39.00	$39.00	$39.00	$39.00	$39.00
ATM IV	41.3%	9.7%	61.9%	10.5%	52.1%
Expected Move	12.6%	3.0%	16.9%	3.0%	14.9%
HV 20d	10.8%	9.7%	12.6%	10.0%	12.6%
HV 60d	10.3%	9.8%	11.0%	9.9%	10.9%
IV Rank	15.0%	0.7%	24.4%	1.1%	19.9%
IV Percentile	41.9%	2.4%	82.9%	2.4%	63.5%
Term Structure	-6.9%	-11.4%	14.1%	14.1%	-10.5%
Skew 25d	20.3%	-33.6%	54.4%	54.4%	46.6%
Skew 10d	15.3%	-43.1%	46.6%	45.7%	46.6%
Call IV 25d	33.1%	12.5%	54.5%	21.0%	54.5%
Put IV 25d	53.3%	13.3%	101.1%	75.4%	101.1%
Bid-Ask Spread %	176.36	165.91	182.39	173.83	180.95
Gamma HHI	0.42	0.32	0.50	0.44	0.48
Net GEX	656	361	1.3K	481	444
Net DEX	-11.4K	-25.6K	2.0K	1.5K	-16.4K
Net VEX	-64	-91	-21	-22	-81
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	0.273	0	5	0	0
Total OI	10.636	7	15	7	10

Daily Data (22 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	Put OI
2023-10-02	$38.52	$39.00	10.5%	3.0%	10.0%	1.1%	0.0%	54.4%	14.1%	481	1.5K	-22	173.83	N/A	N/A	0	5	2
2023-10-03	$38.20	$39.00	56.9%	16.3%	10.2%	22.1%	0.0%	46.4%	-11.2%	361	-3.0K	-32	175.69	N/A	N/A	0	5	2
2023-10-04	$38.36	$39.00	58.9%	16.9%	10.4%	23.0%	0.0%	50.4%	-11.4%	437	2.0K	-22	169.00	N/A	N/A	0	5	2
2023-10-05	$38.50	$39.00	61.9%	11.4%	10.6%	24.4%	0.0%	37.3%	-5.0%	467	1.8K	-21	165.91	N/A	N/A	1	5	2
2023-10-06	$38.83	$39.00	9.7%	10.1%	11.1%	0.7%	0.0%	37.6%	-5.3%	715	591	-22	171.61	N/A	N/A	0	6	2
2023-10-09	$38.63	$39.00	12.3%	10.5%	11.0%	1.9%	0.0%	40.3%	-3.4%	693	-1.9K	-28	173.23	N/A	N/A	0	6	2
2023-10-10	$38.97	$39.00	10.0%	10.9%	11.4%	0.8%	0.0%	38.7%	-7.5%	825	188	-21	176.33	N/A	N/A	5	6	2
2023-10-11	$39.09	$39.00	38.1%	10.9%	11.3%	13.6%	0.0%	11.4%	-6.4%	1.2K	-14.9K	-68	173.06	N/A	N/A	0	11	2
2023-10-12	$38.95	$39.00	38.8%	11.1%	9.7%	13.9%	0.0%	39.9%	-7.6%	1.3K	-14.3K	-67	175.01	N/A	N/A	0	11	2
2023-10-13	$38.58	$39.00	38.7%	11.1%	10.2%	13.9%	0.0%	31.5%	-9.0%	801	-19.7K	-78	179.21	N/A	N/A	0	11	2
2023-10-16	$38.67	$39.00	39.8%	11.4%	10.0%	14.4%	0.0%	32.8%	-8.2%	840	-20.0K	-72	177.58	N/A	N/A	0	11	2
2023-10-17	$38.63	$39.00	39.9%	11.5%	10.0%	14.4%	0.0%	-24.2%	-8.7%	1.0K	-25.6K	-89	174.94	N/A	N/A	0	13	2
2023-10-18	$38.16	$39.00	44.0%	12.6%	10.6%	16.3%	0.0%	43.3%	-9.5%	957	-23.4K	-91	175.20	N/A	N/A	0	13	2
2023-10-19	$37.72	$39.00	43.5%	12.5%	10.3%	16.1%	0.0%	35.9%	-6.2%	934	-21.0K	-91	182.39	N/A	N/A	0	13	2
2023-10-20	$37.50	$39.00	48.6%	13.9%	10.3%	18.4%	0.0%	36.7%	-7.4%	407	-15.0K	-87	181.11	N/A	N/A	0	13	2
2023-10-23	$37.47	$39.00	50.8%	14.6%	10.3%	19.4%	0.0%	-27.1%	-7.5%	398	-11.1K	-84	178.48	N/A	N/A	0	8	2
2023-10-24	$37.94	$39.00	47.1%	13.5%	11.0%	17.7%	0.0%	39.2%	-6.9%	514	-12.5K	-81	176.50	N/A	N/A	0	8	2
2023-10-25	$37.70	$39.00	47.9%	13.7%	11.2%	18.0%	0.0%	-30.1%	-7.6%	399	-15.3K	-86	180.84	N/A	N/A	0	8	2
2023-10-26	$37.47	$39.00	54.2%	15.5%	11.2%	20.9%	0.0%	-30.9%	-9.9%	382	-14.6K	-87	181.22	N/A	N/A	0	8	2
2023-10-27	$37.14	$39.00	52.6%	15.1%	11.4%	20.2%	0.0%	-30.0%	-7.8%	461	-14.0K	-86	178.46	N/A	N/A	0	8	2
2023-10-30	$37.66	$39.00	51.9%	14.9%	12.6%	19.8%	0.0%	-33.6%	-8.2%	405	-15.0K	-84	179.46	N/A	N/A	0	8	2
2023-10-31	$37.92	$39.00	52.1%	14.9%	12.6%	19.9%	0.0%	46.6%	-10.5%	444	-16.4K	-81	180.95	N/A	N/A	0	8	2