IHDG Options History — August 2025

In August 2025, IHDG traded between $43.80 and $45.57. ATM implied volatility averaged 33.9%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 21.9% (HV 20d: 12.0%). Max pain ranged from $45.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-08-13: Highest Volume — 5 contracts
  • 2025-08-13: Largest IV drop — 64.4% change
  • 2025-08-12: Highest IV Rank — 59.0%
  • 2025-08-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.00$43.80$45.57$43.80$44.95
Max Pain$45.08$45.00$46.00$46.00$45.00
ATM IV33.9%22.9%64.5%34.6%27.6%
Expected Move7.3%6.3%9.9%9.9%7.9%
HV 20d12.0%8.0%13.2%12.3%8.0%
HV 60d11.9%11.0%12.9%12.7%11.1%
IV Rank16.0%0.6%59.0%17.0%7.1%
IV Percentile47.0%1.6%97.6%67.1%33.3%
Term Structure-4.4%-12.4%-2.0%-12.4%-4.9%
VWIV22.6%22.6%22.6%22.6%22.6%
Skew 25d5.8%1.7%26.9%4.6%26.9%
Skew 10d15.8%1.2%30.7%12.3%4.3%
Call IV 25d25.8%9.5%43.4%43.4%9.5%
Put IV 25d31.6%27.2%48.0%48.0%36.4%
Bid-Ask Spread %181.42162.52183.30162.52179.99
Gamma HHI0.980.521.001.001.00
Net GEX9445541.8K5541.2K
Net DEX-9.6K-18.2K-3.9K-3.9K-11.7K
Net VEX-17-31-4-9-21
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2380500
Total OI4.4293835

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$43.80$46.0034.6%9.9%12.3%17.0%0.0%4.6%-12.4%554-3.9K-90.00162.52N/AN/A0030
2025-08-04$44.38$0.0039.9%6.7%13.2%24.4%0.0%3.1%-4.6%618-4.6K-90.00182.28N/AN/A0030
2025-08-05$44.47$0.0041.8%6.9%12.8%27.1%0.0%2.7%-3.9%629-4.7K-80.00182.83N/AN/A0030
2025-08-06$44.38$0.0042.8%6.8%12.7%28.5%0.0%2.7%-4.5%624-4.6K-80.00183.14N/AN/A0030
2025-08-07$44.64$0.0043.8%6.4%12.7%29.9%0.0%2.0%-3.5%651-4.9K-80.00182.46N/AN/A0030
2025-08-08$45.00$0.0043.9%6.3%12.9%30.1%0.0%2.8%-3.4%869-5.0K-70.00182.35N/AN/A0030
2025-08-11$44.78$0.0059.2%6.4%13.0%51.6%0.0%2.3%-2.7%682-5.1K-50.00182.87N/AN/A0030
2025-08-12$44.92$0.0064.5%6.4%13.0%59.0%0.0%2.1%-3.2%700-5.3K-50.00183.30N/AN/A0030
2025-08-13$45.05$0.0022.9%6.6%13.1%0.6%22.6%2.0%-4.0%728-5.4K-40.00182.69N/AN/A5030
2025-08-14$45.19$45.0023.2%6.6%13.1%0.9%0.0%2.4%-2.0%1.8K-18.2K-310.00183.15N/AN/A0080
2025-08-15$45.25$45.0024.2%6.9%12.9%2.3%0.0%3.0%-3.5%1.1K-12.7K-280.00182.95N/AN/A0080
2025-08-18$45.40$45.0026.8%7.7%12.9%6.0%0.0%3.0%-3.2%1.1K-13.1K-260.00180.76N/AN/A0050
2025-08-19$45.35$45.0025.6%7.3%12.9%4.3%0.0%1.7%-2.8%1.0K-12.9K-260.00182.51N/AN/A0050
2025-08-20$45.41$45.0025.8%7.4%11.1%4.5%0.0%4.0%-2.7%1.1K-13.1K-250.00182.65N/AN/A0050
2025-08-21$45.22$45.0026.1%7.5%11.0%5.0%0.0%3.1%-4.4%1.1K-12.6K-250.00182.54N/AN/A0050
2025-08-22$45.57$45.0026.2%7.5%11.4%5.2%0.0%4.7%-5.5%1.1K-13.6K-250.00179.96N/AN/A0050
2025-08-25$45.39$45.0027.7%7.9%11.1%7.3%0.0%19.1%-4.2%1.1K-13.0K-230.00182.57N/AN/A0050
2025-08-26$45.22$45.0028.1%8.1%11.0%7.9%0.0%2.7%-5.5%1.0K-12.5K-230.00182.71N/AN/A0050
2025-08-27$45.28$45.0028.7%8.2%11.0%8.7%0.0%23.6%-5.8%1.2K-12.7K-220.00183.27N/AN/A0050
2025-08-28$45.30$45.0028.7%8.2%10.3%8.7%0.0%2.2%-5.6%1.1K-12.7K-220.00182.41N/AN/A0050
2025-08-29$44.95$45.0027.6%7.9%8.0%7.1%0.0%26.9%-4.9%1.2K-11.7K-210.00179.99N/AN/A0050