IHY Options History — April 2015

In April 2015, IHY traded between $24.13 and $25.11. ATM implied volatility averaged 16.4%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 8.8% (HV 20d: 7.6%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.23.

Notable Days

2015-04-01: Highest Volume — 173 contracts
2015-04-06: Largest IV spike — 16.7% change
2015-04-06: Highest IV Rank — 11.6%
2015-04-06: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.45	$24.13	$25.11	$24.13	$25.11
Max Pain	$23.10	$23.00	$25.00	$25.00	$23.00
ATM IV	16.4%	13.8%	18.4%	17.8%	17.5%
Expected Move	4.7%	3.9%	5.3%	5.1%	5.0%
HV 20d	7.6%	5.2%	10.2%	10.1%	6.2%
HV 60d	8.8%	8.0%	9.2%	9.2%	8.0%
IV Rank	9.9%	7.7%	11.6%	11.2%	10.9%
IV Percentile	64.0%	55.6%	72.2%	68.7%	70.6%
Term Structure	0.4%	-0.6%	1.9%	-0.6%	0.4%
VWIV	19.1%	17.0%	22.2%	18.9%	20.1%
Skew 25d	6.1%	4.7%	9.5%	9.5%	8.0%
Skew 10d	11.0%	5.5%	16.0%	6.0%	10.1%
Call IV 25d	13.6%	11.2%	17.4%	11.2%	12.0%
Put IV 25d	19.8%	17.4%	25.4%	20.6%	20.0%
Bid-Ask Spread %	52.74	38.20	113.01	58.58	49.60
Gamma HHI	0.28	0.21	0.32	0.21	0.28
Net GEX	5.7K	1.9K	8.6K	3.2K	7.1K
Net DEX	28.4K	-44.5K	93.7K	65.7K	-42.5K
Net VEX	-398	-527	-326	-527	-341
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.17	0.29	0.29	0.23
Total Volume	131.381	1	173	173	81
Total OI	598.905	100	959	959	100

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2015-04-01	$24.13	$25.00	17.8%	5.1%	10.1%	11.2%	18.9%	9.5%	-0.6%	3.2K	65.7K	-527	0.29	58.58	134	39	872	87
2015-04-02	$24.21	$23.00	15.7%	5.0%	10.2%	9.4%	18.7%	6.3%	0.5%	2.1K	63.9K	-511	0.29	38.20	134	39	872	87
2015-04-06	$24.33	$23.00	18.4%	5.3%	9.6%	11.6%	19.3%	6.2%	-0.4%	2.4K	53.8K	-517	0.29	47.39	134	39	872	87
2015-04-07	$24.23	$23.00	18.1%	5.0%	9.6%	11.4%	19.1%	6.2%	0.1%	2.0K	59.3K	-501	0.29	39.78	134	39	872	87
2015-04-08	$24.27	$23.00	17.8%	5.1%	9.1%	11.2%	0.0%	5.6%	0.1%	1.9K	61.5K	-490	0.00	43.52	0	1	871	87
2015-04-09	$24.18	$23.00	16.5%	4.7%	9.0%	10.0%	18.0%	6.3%	0.6%	4.0K	80.2K	-418	0.25	50.62	134	33	872	86
2015-04-10	$24.25	$23.00	15.8%	4.5%	9.1%	9.5%	17.7%	6.1%	0.7%	6.0K	85.1K	-388	0.25	48.83	134	33	872	86
2015-04-13	$24.14	$23.00	16.2%	4.7%	8.8%	9.8%	18.1%	5.4%	0.4%	7.5K	93.7K	-363	0.25	47.07	134	33	872	86
2015-04-14	$24.33	$23.00	16.2%	4.6%	9.2%	9.8%	17.6%	5.7%	0.9%	7.6K	81.8K	-371	0.25	45.35	134	33	872	86
2015-04-15	$24.38	$23.00	16.2%	4.7%	9.0%	9.8%	17.0%	4.7%	0.4%	7.0K	85.6K	-361	0.25	51.11	134	33	872	86
2015-04-16	$24.40	$23.00	17.0%	4.9%	8.0%	10.4%	18.5%	6.2%	0.2%	3.9K	76.7K	-368	0.25	49.85	134	33	872	86
2015-04-17	$24.50	$23.00	16.5%	4.7%	6.7%	10.0%	18.2%	5.2%	0.8%	6.4K	80.8K	-353	0.25	50.73	134	33	873	86
2015-04-20	$24.45	$23.00	16.5%	4.7%	5.5%	10.0%	18.0%	5.0%	-0.4%	6.5K	-23.5K	-340	0.17	52.86	90	15	107	15
2015-04-21	$24.44	$23.00	16.8%	4.8%	5.4%	10.3%	18.3%	5.5%	-0.2%	6.4K	-23.3K	-335	0.17	56.14	90	15	107	15
2015-04-22	$24.44	$23.00	16.4%	4.7%	5.2%	10.0%	18.1%	5.4%	0.0%	6.5K	-23.2K	-330	0.17	53.53	90	15	107	15
2015-04-23	$24.61	$23.00	16.5%	4.7%	5.7%	10.0%	22.2%	8.0%	1.9%	7.3K	-24.5K	-326	0.17	113.01	90	15	107	15
2015-04-24	$24.72	$23.00	13.8%	3.9%	5.8%	7.7%	19.5%	5.1%	0.8%	7.8K	-35.8K	-370	0.17	49.61	90	15	107	15
2015-04-27	$24.76	$23.00	14.1%	4.0%	5.8%	8.0%	21.0%	5.5%	0.7%	7.9K	-35.9K	-371	0.17	45.75	90	15	107	15
2015-04-28	$24.80	$23.00	14.5%	4.1%	5.8%	8.3%	22.2%	6.3%	0.5%	8.2K	-38.3K	-374	0.17	47.60	90	15	107	15
2015-04-29	$24.86	$23.00	15.4%	4.4%	5.4%	9.1%	21.2%	6.4%	0.2%	8.6K	-44.5K	-393	0.23	68.42	66	15	107	15
2015-04-30	$25.11	$23.00	17.5%	5.0%	6.2%	10.9%	20.1%	8.0%	0.4%	7.1K	-42.5K	-341	0.23	49.60	66	15	85	15