IHDG Options History — May 2024

In May 2024, IHDG traded between $44.44 and $46.44. ATM implied volatility averaged 31.7%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 22.3% (HV 20d: 9.5%). Max pain ranged from $36.00 to $48.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-05-20: Highest Volume — 2 contracts
  • 2024-05-15: Largest IV drop — 63.4% change
  • 2024-05-14: Highest IV Rank — 48.7%
  • 2024-05-02: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.75$44.44$46.44$44.55$45.75
Max Pain$44.73$36.00$48.00$36.00$48.00
ATM IV31.7%18.8%64.4%24.9%27.6%
Expected Move6.9%5.4%10.1%7.2%7.9%
HV 20d9.5%7.2%11.3%10.6%8.3%
HV 60d9.7%9.3%10.3%10.0%9.3%
IV Rank20.4%9.2%48.7%14.6%16.8%
IV Percentile30.2%4.4%90.9%13.1%27.0%
Term Structure-3.5%-12.8%7.0%5.5%-6.1%
VWIV7.5%5.3%9.6%5.3%9.6%
Skew 25d-1.5%-13.0%17.0%-5.8%-0.9%
Skew 10d6.9%-3.4%23.0%-3.4%2.6%
Call IV 25d26.9%8.7%41.1%38.7%35.1%
Put IV 25d25.4%15.9%40.8%32.9%34.2%
Bid-Ask Spread %177.58155.14185.60155.14179.67
Gamma HHI0.730.421.000.571.00
Net GEX64401.1K573585
Net DEX-26.0K-45.9K0-37.1K-4.2K
Net VEX-8-120-8-12
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2270200
Total OI7.455012103

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$44.55$36.0024.9%7.2%10.6%14.6%0.0%-5.8%5.5%573-37.1K-80.00155.14N/AN/A00100
2024-05-02$44.44$36.0035.2%10.1%10.0%23.4%0.0%-0.3%-12.8%559-36.9K-80.00160.03N/AN/A00100
2024-05-03$44.89$36.0023.8%6.8%10.6%13.6%0.0%0.5%7.0%597-37.7K-80.00159.19N/AN/A00100
2024-05-06$45.17$0.0037.6%6.4%10.8%25.5%0.0%16.8%-4.2%576-38.4K-70.00185.60N/AN/A10100
2024-05-07$45.61$0.0037.9%6.0%11.3%25.8%0.0%2.8%-3.5%828-42.0K-100.00184.59N/AN/A00110
2024-05-08$45.70$0.0039.5%6.0%11.3%27.2%0.0%16.6%-3.4%828-42.3K-100.00182.83N/AN/A00110
2024-05-09$45.80$0.0041.4%6.1%11.1%28.8%0.0%17.0%-4.4%859-42.5K-90.00182.74N/AN/A10110
2024-05-10$45.86$0.0042.3%6.2%10.1%29.6%0.0%0.6%-3.8%1.1K-44.5K-110.00182.50N/AN/A00120
2024-05-13$45.80$0.0057.3%6.3%10.1%42.5%0.0%0.5%-4.2%1.1K-44.2K-80.00182.61N/AN/A00120
2024-05-14$46.09$0.0064.4%6.4%10.2%48.7%0.0%-8.9%-4.2%1.1K-45.1K-70.00181.57N/AN/A00120
2024-05-15$46.31$0.0023.6%6.8%9.8%13.4%0.0%-8.2%-5.4%1.1K-45.9K-60.00180.03N/AN/A00120
2024-05-16$46.27$0.0024.1%6.9%9.6%13.9%0.0%-8.5%4.3%1.1K-45.7K-40.00180.80N/AN/A00120
2024-05-17$46.28$0.0023.4%6.7%9.3%13.2%0.0%-8.7%-3.3%0-41.7K00.00180.66N/AN/A00120
2024-05-20$46.44$0.0024.6%7.1%8.5%14.3%5.3%-9.0%-4.0%0000.00178.68N/AN/A2000
2024-05-21$46.36$48.0024.3%7.0%8.2%14.0%0.0%-10.0%-3.6%440-3.4K-100.00177.54N/AN/A0020
2024-05-22$46.03$48.0023.5%6.7%8.5%13.3%0.0%-7.9%-3.9%412-3.1K-90.00178.64N/AN/A0020
2024-05-23$45.98$48.0024.4%7.0%8.0%14.1%0.0%-9.2%-4.7%401-3.1K-90.00178.33N/AN/A0020
2024-05-24$46.20$48.0025.5%7.3%7.2%15.0%0.0%-13.0%-4.3%422-3.3K-100.00177.83N/AN/A0020
2024-05-28$45.84$48.0025.8%7.4%7.7%15.3%9.6%3.6%-5.5%392-3.0K-80.00179.51N/AN/A1020
2024-05-29$45.44$48.0018.8%5.4%8.4%9.2%0.0%-0.7%-6.2%562-3.8K-120.00179.28N/AN/A0030
2024-05-30$45.59$48.0027.8%8.0%8.4%17.0%0.0%-0.8%-6.3%554-4.2K-120.00179.08N/AN/A0030
2024-05-31$45.75$48.0027.6%7.9%8.3%16.8%0.0%-0.9%-6.1%585-4.2K-120.00179.67N/AN/A0030