IHDG Options History — November 2023

In November 2023, IHDG traded between $38.14 and $40.45. ATM implied volatility averaged 47.0%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 35.2% (HV 20d: 11.8%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2023-11-02: Highest Volume — 2 contracts
2023-11-08: Largest IV drop — 44.0% change
2023-11-07: Highest IV Rank — 27.3%
2023-11-01: Largest Expected Move — 16.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.55	$38.14	$40.45	$38.14	$40.45
Max Pain	$39.95	$39.00	$40.00	$39.00	$40.00
ATM IV	47.0%	29.2%	68.2%	57.1%	44.4%
Expected Move	12.1%	8.4%	16.4%	16.4%	12.7%
HV 20d	11.8%	8.8%	14.1%	12.7%	8.8%
HV 60d	11.2%	10.9%	11.5%	10.9%	11.0%
IV Rank	17.6%	9.6%	27.3%	22.2%	16.5%
IV Percentile	47.1%	8.3%	88.1%	75.4%	43.3%
Term Structure	-3.2%	-11.0%	13.4%	-11.0%	13.4%
VWIV	25.9%	17.3%	34.5%	17.3%	34.5%
Skew 25d	22.3%	-35.1%	56.9%	-35.1%	-32.8%
Skew 10d	40.8%	-40.0%	70.6%	-40.0%	47.0%
Call IV 25d	30.5%	9.6%	49.9%	49.9%	44.8%
Put IV 25d	52.9%	10.7%	91.0%	14.7%	12.0%
Bid-Ask Spread %	177.95	167.33	184.39	179.89	167.33
Gamma HHI	0.36	0.30	0.78	0.43	0.32
Net GEX	901	392	5.4K	392	822
Net DEX	-24.2K	-31.5K	-14.5K	-16.2K	-27.6K
Net VEX	-77	-88	-69	-81	-72
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	0.238	0	2	0	1
Total OI	11.429	10	13	10	11

Daily Data (21 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
2023-11-01	$38.14	$39.00	57.1%	16.4%	12.7%	22.2%	0.0%	-35.1%	-11.0%	392	-16.2K	-81	179.89	N/A	N/A	0	8	2
2023-11-02	$38.80	$0.00	55.7%	10.0%	14.1%	21.6%	17.3%	52.2%	-4.6%	449	-14.5K	-80	180.50	N/A	N/A	2	8	2
2023-11-03	$38.81	$40.00	58.4%	10.2%	13.7%	22.8%	0.0%	50.5%	-5.9%	624	-21.3K	-88	183.96	N/A	N/A	0	10	2
2023-11-06	$38.72	$40.00	65.1%	10.4%	13.6%	25.9%	0.0%	53.1%	-5.3%	617	-21.2K	-86	184.39	N/A	N/A	0	10	2
2023-11-07	$38.84	$40.00	68.2%	10.7%	13.3%	27.3%	0.0%	52.6%	-6.3%	630	-21.4K	-86	183.72	N/A	N/A	0	10	2
2023-11-08	$39.03	$40.00	38.2%	11.0%	13.4%	13.6%	0.0%	53.6%	-6.0%	665	-22.7K	-81	177.71	N/A	N/A	0	10	2
2023-11-09	$39.16	$40.00	38.9%	11.2%	13.4%	14.0%	0.0%	35.5%	-5.9%	624	-22.6K	-84	179.39	N/A	N/A	0	10	2
2023-11-10	$39.09	$40.00	37.7%	10.8%	12.9%	13.4%	0.0%	56.9%	-5.2%	619	-22.5K	-84	181.13	N/A	N/A	0	10	2
2023-11-13	$39.09	$40.00	40.2%	11.5%	12.9%	14.6%	0.0%	36.1%	-7.6%	629	-22.0K	-82	183.25	N/A	N/A	0	10	2
2023-11-14	$39.61	$40.00	29.2%	8.4%	13.6%	9.6%	0.0%	16.5%	11.5%	728	-24.9K	-72	170.28	N/A	N/A	0	10	2
2023-11-15	$39.80	$40.00	39.8%	11.4%	12.7%	14.4%	0.0%	37.4%	-6.5%	612	-24.8K	-77	179.20	N/A	N/A	1	10	2
2023-11-16	$39.72	$40.00	40.2%	11.5%	11.7%	14.6%	0.0%	38.9%	8.8%	741	-26.9K	-77	179.59	N/A	N/A	0	11	2
2023-11-17	$40.05	$40.00	41.7%	11.9%	11.4%	15.2%	0.0%	39.3%	7.5%	5.4K	-31.5K	-71	179.78	N/A	N/A	0	11	2
2023-11-20	$40.14	$40.00	43.4%	12.4%	11.3%	16.0%	0.0%	-13.3%	-6.8%	668	-25.1K	-69	177.96	N/A	N/A	0	9	1
2023-11-21	$40.06	$40.00	44.7%	12.8%	11.0%	16.6%	0.0%	42.4%	-7.6%	608	-25.4K	-69	179.52	N/A	N/A	1	9	1
2023-11-22	$40.25	$40.00	47.4%	13.6%	10.5%	17.8%	0.0%	-26.3%	-10.9%	836	-27.7K	-71	170.56	N/A	N/A	0	10	1
2023-11-24	$40.39	$40.00	49.3%	14.1%	9.9%	18.7%	0.0%	-26.7%	-10.0%	838	-28.1K	-70	170.26	N/A	N/A	0	10	1
2023-11-27	$40.24	$40.00	52.5%	15.0%	9.1%	20.1%	0.0%	49.0%	-10.5%	732	-27.7K	-73	177.75	N/A	N/A	0	10	1
2023-11-28	$40.03	$40.00	51.7%	14.8%	8.9%	19.8%	0.0%	22.6%	-10.7%	812	-26.6K	-73	177.72	N/A	N/A	0	10	1
2023-11-29	$40.23	$40.00	43.3%	12.4%	8.8%	16.0%	0.0%	-33.4%	11.7%	843	-27.5K	-72	173.12	N/A	N/A	0	10	1
2023-11-30	$40.45	$40.00	44.4%	12.7%	8.8%	16.5%	34.5%	-32.8%	13.4%	822	-27.6K	-72	167.33	N/A	N/A	1	10	1