IHDG Options History — October 2025

In October 2025, IHDG traded between $46.00 and $47.47. ATM implied volatility averaged 27.4%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 15.3% (HV 20d: 12.1%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 3 of 23 days.

Notable Days

  • 2025-10-10: Highest Volume — 1 contracts
  • 2025-10-14: Largest IV spike — 71.2% change
  • 2025-10-14: Highest IV Rank — 58.5%
  • 2025-10-28: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.93$46.00$47.47$46.56$47.20
Max Pain$47.00$47.00$47.00$47.00$47.00
ATM IV27.4%20.6%62.5%21.0%26.8%
Expected Move6.7%5.9%7.8%6.0%7.7%
HV 20d12.1%10.0%13.8%10.1%12.2%
HV 60d10.9%10.1%11.8%10.4%10.1%
IV Rank11.6%2.5%58.5%3.0%10.8%
IV Percentile24.6%1.2%96.4%1.2%31.7%
Term Structure-3.7%-5.8%4.0%4.0%-5.6%
Skew 25d-1.0%-17.3%16.2%8.9%-17.3%
Skew 10d0.6%-19.4%12.7%-5.2%-19.4%
Call IV 25d25.5%9.0%31.8%19.7%31.1%
Put IV 25d24.5%13.8%30.0%28.6%13.8%
Bid-Ask Spread %156.03146.74169.96169.96146.74
Gamma HHI0.990.981.000.991.00
Net GEX49.6K-119154.7K88.7K-114
Net DEX-150.1K-394.1K1.2K-200.7K1.1K
Net VEX-193-494-10-475-11
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0430100
Total OI8611521511

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$46.56$47.0021.0%6.0%10.1%3.0%0.0%8.9%4.0%88.7K-200.7K-4750.00169.96N/AN/A001510
2025-10-02$46.75$47.0020.6%5.9%10.0%2.5%0.0%0.6%2.9%90.2K-246.9K-4940.00153.63N/AN/A001510
2025-10-03$47.03$47.0021.9%6.3%10.1%4.3%0.0%-7.1%1.4%107.2K-304.4K-4930.00166.09N/AN/A001510
2025-10-06$47.47$0.0026.3%6.3%10.0%10.1%0.0%2.9%-5.3%102.4K-394.1K-4210.00155.52N/AN/A001510
2025-10-07$47.14$0.0025.2%6.1%10.4%8.6%0.0%2.4%-4.7%113.6K-329.4K-4170.00155.29N/AN/A001510
2025-10-08$47.24$0.0027.0%6.2%10.4%11.1%0.0%2.5%-5.1%126.4K-354.2K-3870.00156.15N/AN/A001510
2025-10-09$47.05$0.0026.2%6.1%10.2%10.0%0.0%2.7%-4.1%134.3K-313.5K-3790.00156.22N/AN/A001510
2025-10-10$46.00$0.0041.3%6.2%13.2%30.2%0.0%2.7%-5.3%55.0K-232.0K-3540.00152.12N/AN/A011510
2025-10-13$46.54$0.0036.5%6.4%13.8%23.8%0.0%3.0%-5.2%154.7K-184.8K-2550.00157.73N/AN/A001511
2025-10-14$46.39$0.0062.5%6.7%13.8%58.5%0.0%2.1%-5.4%49.7K-291.8K-2600.00156.59N/AN/A001511
2025-10-15$46.53$0.0022.7%6.5%13.8%5.3%0.0%1.9%-5.3%53.4K-303.6K-2190.00156.95N/AN/A001511
2025-10-16$46.59$0.0023.4%6.7%12.5%6.2%0.0%2.7%-3.6%55.0K-308.9K-1580.00157.44N/AN/A001511
2025-10-17$46.60$0.0022.9%6.6%12.4%5.5%0.0%2.3%-3.2%12.3K146-120.00157.44N/AN/A001511
2025-10-20$47.08$0.0023.6%6.8%12.8%6.5%0.0%2.1%-3.6%-1141.2K-110.00156.98N/AN/A0001
2025-10-21$46.99$0.0023.8%6.8%12.9%6.7%0.0%16.2%-3.7%-1151.2K-110.00152.88N/AN/A0001
2025-10-22$46.73$0.0023.5%6.7%13.1%6.4%0.0%1.3%-3.8%-1191.2K-110.00156.77N/AN/A0001
2025-10-23$47.20$0.0024.2%6.9%12.6%7.4%0.0%-1.0%-3.9%-1131.1K-110.00156.72N/AN/A0001
2025-10-24$47.18$0.0024.4%7.0%12.6%7.6%0.0%-13.2%-4.2%-1131.1K-110.00156.05N/AN/A0001
2025-10-27$47.47$0.0026.5%7.6%12.7%10.3%0.0%-5.7%-5.0%-1131.0K-100.00155.84N/AN/A0001
2025-10-28$47.31$0.0027.1%7.8%12.8%11.2%0.0%-15.2%-5.6%-1131.1K-110.00152.16N/AN/A0001
2025-10-29$47.22$0.0026.2%7.5%12.4%9.9%0.0%-1.9%-5.1%-1141.1K-110.00155.88N/AN/A0001
2025-10-30$47.19$0.0026.5%7.6%12.3%10.4%0.0%-16.8%-5.8%-1131.1K-110.00147.43N/AN/A0001
2025-10-31$47.20$0.0026.8%7.7%12.2%10.8%0.0%-17.3%-5.6%-1141.1K-110.00146.74N/AN/A0001