IHDG Options History — December 2023

In December 2023, IHDG traded between $40.53 and $42.03. ATM implied volatility averaged 54.3%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 47.4% (HV 20d: 6.9%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-12-21: Highest Volume — 2 contracts
  • 2023-12-13: Largest IV drop — 68.8% change
  • 2023-12-12: Highest IV Rank — 51.3%
  • 2023-12-01: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.41$40.53$42.03$40.64$42.00
Max Pain$40.95$40.00$41.00$40.00$41.00
ATM IV54.3%34.2%121.2%53.7%44.9%
Expected Move10.8%9.1%15.4%15.4%12.9%
HV 20d6.9%6.2%7.6%7.1%6.2%
HV 60d10.4%9.7%11.0%11.0%9.7%
IV Rank20.9%11.8%51.3%20.7%16.7%
IV Percentile50.1%11.1%98.0%68.7%49.2%
Term Structure-4.8%-12.7%-2.6%-12.7%-6.6%
Skew 25d23.9%-26.8%50.4%50.2%-26.8%
Skew 10d28.0%-22.5%57.5%32.9%-22.5%
Call IV 25d27.2%10.7%44.3%44.3%37.2%
Put IV 25d51.1%10.4%94.6%94.6%10.4%
Bid-Ask Spread %185.67172.43190.99172.43180.47
Gamma HHI0.340.260.480.330.26
Net GEX7694031.0K907711
Net DEX-31.0K-38.4K-26.4K-30.7K-31.4K
Net VEX-58-71-48-71-55
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10200
Total OI11.159121211

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$40.64$40.0053.7%15.4%7.1%20.7%0.0%50.2%-12.7%907-30.7K-710.00172.43N/AN/A00111
2023-12-04$40.63$41.0061.1%9.1%7.1%24.0%0.0%29.0%-3.0%900-30.7K-690.00190.14N/AN/A00111
2023-12-05$40.53$41.0063.6%9.1%7.1%25.2%0.0%47.1%-2.6%960-30.3K-680.00190.99N/AN/A00111
2023-12-06$40.70$41.0067.0%9.4%7.1%26.7%0.0%45.0%-2.9%853-30.7K-680.00190.00N/AN/A00111
2023-12-07$40.63$41.0070.5%9.3%7.2%28.3%0.0%30.3%-2.8%967-30.6K-670.00190.16N/AN/A00111
2023-12-08$41.00$41.0076.3%9.7%7.6%30.9%0.0%45.9%-2.6%1.0K-31.8K-660.00190.97N/AN/A00111
2023-12-11$41.17$41.00104.3%10.1%7.5%43.6%0.0%49.8%-3.8%912-32.3K-610.00189.14N/AN/A00111
2023-12-12$41.16$41.00121.2%10.2%7.5%51.3%0.0%50.4%-3.5%1.0K-32.8K-590.00189.25N/AN/A00111
2023-12-13$41.47$41.0037.8%10.8%6.7%13.4%0.0%49.9%-5.0%952-33.8K-540.00187.34N/AN/A00111
2023-12-14$41.63$41.0034.2%9.8%6.6%11.8%0.0%36.7%-3.6%793-34.0K-530.00182.72N/AN/A00111
2023-12-15$41.47$41.0035.9%10.3%6.8%12.6%0.0%32.6%-4.9%948-38.4K-540.00188.07N/AN/A00111
2023-12-18$41.64$41.0036.0%10.3%6.5%12.7%0.0%34.1%-4.2%418-26.4K-500.00185.08N/AN/A0081
2023-12-19$41.92$41.0037.0%10.6%6.7%13.1%0.0%35.5%-4.0%403-26.9K-490.00185.67N/AN/A0081
2023-12-20$41.75$41.0037.4%10.7%6.9%13.3%0.0%-16.7%-3.9%424-27.0K-480.00184.89N/AN/A0081
2023-12-21$41.97$41.0038.6%11.1%6.9%13.8%0.0%1.6%-4.5%428-27.1K-490.00183.88N/AN/A2081
2023-12-22$41.88$41.0036.5%10.5%7.0%12.9%0.0%-0.9%-4.8%677-31.3K-560.00184.03N/AN/A00101
2023-12-26$42.03$41.0042.6%12.2%6.8%15.6%0.0%-9.9%-6.5%690-31.5K-560.00182.23N/AN/A00101
2023-12-27$41.95$41.0043.2%12.4%6.4%15.9%0.0%-25.0%-6.4%683-31.3K-550.00183.55N/AN/A00101
2023-12-28$42.00$41.0044.2%12.7%6.3%16.4%0.0%20.0%-7.2%695-31.4K-550.00182.33N/AN/A00101
2023-12-29$42.00$41.0044.9%12.9%6.2%16.7%0.0%-26.8%-6.6%711-31.4K-550.00180.47N/AN/A00101