IHY Options History — February 2018

In February 2018, IHY traded between $25.54 and $26.04. ATM implied volatility averaged 7.2%, placing in the 3.4% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 3.0% (HV 20d: 4.2%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 12.20.

Notable Days

2018-02-13: Highest Volume — 288 contracts
2018-02-05: Largest IV spike — 83.6% change
2018-02-05: Highest IV Rank — 8.7%
2018-02-05: Largest Expected Move — 2.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.73	$25.54	$26.04	$26.04	$25.58
Max Pain	$24.74	$24.00	$25.00	$24.00	$25.00
ATM IV	7.2%	5.3%	12.4%	5.9%	6.6%
Expected Move	2.0%	1.5%	2.7%	1.7%	1.9%
HV 20d	4.2%	3.6%	4.6%	3.6%	4.1%
HV 60d	3.8%	3.5%	4.0%	3.7%	3.5%
IV Rank	3.4%	1.4%	8.7%	2.0%	2.7%
IV Percentile	53.3%	11.5%	89.7%	26.2%	49.2%
Term Structure	6.2%	-3.7%	123.1%	0.4%	-2.6%
VWIV	10.4%	8.4%	12.0%	11.0%	12.0%
Skew 25d	-50.4%	-183.5%	5.3%	-0.2%	4.4%
Skew 10d	-87.7%	-185.1%	6.5%	-0.3%	-80.1%
Call IV 25d	59.8%	4.2%	194.3%	6.0%	4.2%
Put IV 25d	9.3%	5.8%	11.8%	5.8%	8.6%
Bid-Ask Spread %	168.62	150.81	193.39	166.27	182.32
Gamma HHI	0.54	0.39	0.83	0.83	0.55
Net GEX	-41.7K	-60.8K	-7.3K	-12.1K	-58.3K
Net DEX	174.6K	11.7K	274.5K	18.9K	274.5K
Net VEX	-767	-1.1K	-56	-93	-956
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	12.20	9.50	13.40	9.50	12.65
Total Volume	264.053	210	288	210	273
Total OI	393	324	444	324	394

Daily Data (19 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	Put OI
2018-02-01	$26.04	$24.00	5.9%	1.7%	3.6%	2.0%	0.0%	-0.2%	0.4%	-12.1K	18.9K	-93	9.50	166.27	20	190	324
2018-02-02	$25.95	$24.00	6.8%	1.8%	3.7%	2.9%	0.0%	-0.3%	-1.0%	-7.3K	11.7K	-56	9.60	158.53	20	192	324
2018-02-05	$25.83	$24.00	12.4%	2.7%	4.1%	8.7%	11.0%	0.8%	-1.0%	-20.7K	62.3K	-360	10.75	176.92	20	215	326
2018-02-06	$25.80	$24.00	11.5%	2.1%	4.0%	7.7%	9.6%	-155.2%	1.3%	-35.0K	134.0K	-709	10.75	164.87	20	215	356
2018-02-07	$25.74	$24.00	6.5%	1.9%	4.0%	2.7%	11.3%	-63.0%	1.4%	-32.8K	98.2K	-475	11.90	150.81	20	238	356
2018-02-08	$25.66	$25.00	7.2%	2.1%	4.2%	3.4%	11.2%	-45.0%	1.3%	-39.3K	132.9K	-666	11.90	155.97	20	238	379
2018-02-09	$25.54	$25.00	7.8%	2.2%	4.4%	4.0%	10.9%	-14.9%	-1.3%	-50.6K	194.4K	-1.0K	12.15	159.44	20	243	379
2018-02-12	$25.67	$25.00	7.1%	2.0%	4.6%	3.3%	10.5%	-28.0%	-0.6%	-53.3K	191.3K	-965	12.15	163.66	20	243	384
2018-02-13	$25.67	$25.00	6.9%	2.0%	4.5%	3.1%	9.2%	-121.0%	-0.6%	-39.5K	166.3K	-778	13.40	170.76	20	268	384
2018-02-14	$25.68	$25.00	6.2%	1.8%	4.2%	2.3%	9.0%	-106.2%	0.0%	-60.8K	252.4K	-1.1K	13.40	162.79	20	268	414
2018-02-15	$25.76	$25.00	6.0%	1.7%	4.4%	2.2%	9.9%	-180.9%	-0.2%	-46.0K	232.1K	-943	13.15	166.36	20	263	414
2018-02-16	$25.79	$25.00	5.8%	1.6%	4.4%	1.9%	10.1%	-183.5%	1.6%	-43.5K	210.6K	-820	13.15	169.02	20	263	429
2018-02-20	$25.74	$25.00	7.1%	2.0%	4.5%	3.2%	10.5%	2.8%	1.6%	-57.6K	237.3K	-1.0K	13.15	181.31	20	263	429
2018-02-21	$25.68	$25.00	7.0%	2.0%	4.4%	3.1%	10.4%	4.1%	-0.2%	-48.7K	242.6K	-968	13.15	164.83	20	263	429
2018-02-22	$25.67	$25.00	7.1%	2.0%	4.1%	3.3%	8.4%	4.7%	-0.8%	-45.2K	195.0K	-805	13.15	164.89	20	263	429
2018-02-23	$25.69	$25.00	7.9%	2.3%	4.2%	4.1%	10.0%	-9.3%	-1.4%	-50.1K	227.5K	-947	12.65	165.57	20	253	429
2018-02-26	$25.71	$25.00	5.3%	1.5%	4.1%	1.4%	11.6%	5.3%	123.1%	-37.8K	172.6K	-909	12.65	186.08	20	253	444
2018-02-27	$25.62	$25.00	6.1%	1.7%	4.2%	2.2%	11.4%	-73.0%	-3.7%	-54.2K	262.3K	-1.0K	12.65	193.39	20	253	444
2018-02-28	$25.58	$25.00	6.6%	1.9%	4.1%	2.7%	12.0%	4.4%	-2.6%	-58.3K	274.5K	-956	12.65	182.32	20	253	394