IHDG Options History — March 2024

In March 2024, IHDG traded between $44.58 and $45.95. ATM implied volatility averaged 32.3%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 22.7% (HV 20d: 9.7%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-03-18: Highest Volume — 1 contracts
  • 2024-03-13: Largest IV drop — 65.7% change
  • 2024-03-12: Highest IV Rank — 27.4%
  • 2024-03-28: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.34$44.58$45.95$45.05$45.95
Max Pain$44.78$43.00$45.00$43.00$45.00
ATM IV32.3%22.7%68.5%22.7%26.4%
Expected Move6.8%6.1%7.6%6.5%7.6%
HV 20d9.7%8.5%11.3%9.1%8.9%
HV 60d9.0%8.6%9.2%8.6%9.1%
IV Rank14.4%6.6%27.4%6.6%15.8%
IV Percentile25.6%5.2%92.9%5.2%14.7%
Term Structure-3.3%-6.5%7.6%7.6%-6.5%
VWIV25.1%24.3%25.9%24.3%25.9%
Skew 25d5.6%-0.8%18.4%0.7%-0.4%
Skew 10d12.5%5.3%25.1%8.8%7.2%
Call IV 25d24.0%8.7%40.6%40.6%33.6%
Put IV 25d29.6%25.8%41.2%41.2%33.2%
Bid-Ask Spread %185.09177.30187.79177.30182.13
Gamma HHI0.330.190.850.200.35
Net GEX482-601.9K711113
Net DEX-38.9K-44.1K-33.4K-41.2K-36.5K
Net VEX-13-20-5-20-12
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10100
Total OI10.958121210

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$45.05$43.0022.7%6.5%9.1%6.6%0.0%0.7%7.6%711-41.2K-200.00177.30N/AN/A00111
2024-03-04$45.00$0.0036.2%6.1%9.2%12.7%0.0%17.1%-3.2%725-41.1K-180.00187.78N/AN/A00111
2024-03-05$44.58$0.0040.1%6.2%10.1%14.5%0.0%14.0%-3.0%680-39.6K-190.00187.79N/AN/A00111
2024-03-06$44.95$0.0039.6%6.3%10.3%14.3%0.0%17.3%-2.5%680-40.9K-160.00187.79N/AN/A00111
2024-03-07$45.28$0.0043.6%6.6%10.4%16.1%0.0%1.7%-2.6%706-42.0K-160.00186.37N/AN/A00111
2024-03-08$44.97$0.0042.9%6.3%10.9%15.8%0.0%16.7%-3.3%704-40.9K-160.00187.56N/AN/A00111
2024-03-11$44.88$0.0057.2%6.6%10.9%22.3%0.0%17.7%-3.0%663-40.5K-130.00187.60N/AN/A00111
2024-03-12$45.36$0.0068.5%6.8%11.3%27.4%0.0%18.4%-3.7%663-42.1K-110.00185.77N/AN/A00111
2024-03-13$45.41$0.0023.5%6.7%10.2%7.0%0.0%2.1%-3.1%671-42.3K-100.00186.27N/AN/A00111
2024-03-14$45.23$0.0023.0%6.6%9.8%6.7%0.0%1.2%-2.6%670-41.8K-80.00186.78N/AN/A00111
2024-03-15$45.22$0.0023.3%6.7%9.5%13.2%0.0%1.1%-2.1%1.9K-44.1K-50.00186.34N/AN/A00111
2024-03-18$45.30$0.0024.9%7.1%9.5%14.5%24.3%1.3%-4.0%144-35.5K-50.00186.41N/AN/A0180
2024-03-19$45.31$45.0025.2%7.2%9.5%14.8%25.9%1.5%-4.7%-60-33.4K-110.00186.29N/AN/A1081
2024-03-20$45.64$45.0024.6%7.0%9.7%14.2%0.0%1.8%-4.4%130-35.6K-150.00185.26N/AN/A0091
2024-03-21$45.89$45.0024.3%7.0%8.5%13.9%0.0%2.8%-4.7%124-36.1K-140.00184.41N/AN/A0091
2024-03-22$45.66$45.0024.1%6.9%8.8%13.9%0.0%-0.6%-4.5%113-36.0K-140.00182.79N/AN/A0091
2024-03-25$45.53$45.0025.8%7.4%8.9%15.3%0.0%-0.2%-4.7%108-35.7K-130.00182.58N/AN/A0091
2024-03-26$45.66$45.0025.6%7.3%8.9%15.1%0.0%-0.8%-5.9%107-36.0K-130.00182.56N/AN/A0091
2024-03-27$45.95$45.0025.2%7.2%8.9%14.8%0.0%-0.3%-5.6%115-36.5K-120.00181.97N/AN/A0091
2024-03-28$45.95$45.0026.4%7.6%8.9%15.8%0.0%-0.4%-6.5%113-36.5K-120.00182.13N/AN/A0091