IHY Options History — April 2018

In April 2018, IHY traded between $25.06 and $25.69. ATM implied volatility averaged 16.4%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 8.8% (HV 20d: 7.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 4.84.

Notable Days

2018-04-02: Highest Volume — 133 contracts
2018-04-18: Largest IV spike — 1476.8% change
2018-04-19: Highest IV Rank — 89.9%
2018-04-19: Largest Expected Move — 26.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.40	$25.06	$25.69	$25.28	$25.15
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	16.4%	5.0%	91.3%	10.3%	6.0%
Expected Move	4.6%	1.4%	26.2%	2.9%	1.7%
HV 20d	7.6%	4.4%	8.3%	4.4%	7.9%
HV 60d	5.4%	4.1%	5.7%	4.1%	5.7%
IV Rank	12.9%	1.1%	89.9%	6.5%	2.1%
IV Percentile	57.2%	6.0%	96.8%	86.5%	31.3%
Term Structure	-3.8%	-58.0%	1.2%	-2.0%	0.0%
VWIV	8.0%	5.2%	13.9%	10.4%	6.2%
Skew 25d	-31.9%	-173.0%	69.9%	2.6%	-87.4%
Skew 10d	-60.3%	-176.1%	69.9%	-48.6%	-129.5%
Call IV 25d	49.5%	3.8%	182.6%	5.7%	93.5%
Put IV 25d	17.5%	5.7%	193.8%	8.2%	6.1%
Bid-Ask Spread %	169.91	138.38	196.02	166.11	186.76
Gamma HHI	0.46	0.34	0.71	0.56	0.41
Net GEX	-52.4K	-78.4K	-32.9K	-73.6K	-34.8K
Net DEX	281.6K	188.3K	393.7K	347.8K	275.5K
Net VEX	-1.2K	-1.5K	-587	-1.5K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.84	2.50	5.65	5.65	2.50
Total Volume	99.667	20	133	133	28
Total OI	350.476	214	407	403	222

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
2018-04-02	$25.28	$25.00	10.3%	2.9%	4.4%	6.5%	10.4%	2.6%	-2.0%	-73.6K	347.8K	-1.5K	5.65	166.11	20	113	0	403
2018-04-03	$25.34	$25.00	10.0%	2.9%	4.5%	6.2%	9.7%	2.7%	-3.0%	-70.0K	337.6K	-1.5K	5.65	160.73	20	113	0	403
2018-04-04	$25.06	$25.00	10.8%	3.1%	5.8%	7.1%	13.0%	2.2%	-10.0%	-75.2K	378.5K	-1.5K	5.65	182.35	20	113	0	403
2018-04-05	$25.35	$0.00	7.7%	2.0%	7.3%	3.9%	0.0%	2.2%	0.5%	-76.0K	306.0K	-1.4K	5.65	158.83	20	113	0	403
2018-04-06	$25.25	$0.00	8.4%	2.1%	7.3%	4.6%	0.0%	2.8%	0.6%	-78.4K	226.1K	-676	5.65	160.71	20	113	0	403
2018-04-09	$25.49	$0.00	9.8%	2.2%	8.1%	6.0%	0.0%	3.3%	-1.6%	-60.3K	268.8K	-1.3K	5.65	158.13	20	113	0	403
2018-04-10	$25.55	$0.00	7.7%	1.8%	8.1%	3.9%	0.0%	-74.4%	-0.4%	-55.0K	262.1K	-1.3K	5.65	156.07	20	113	0	403
2018-04-11	$25.55	$0.00	6.0%	1.7%	8.1%	2.2%	0.0%	-73.9%	-0.6%	-48.9K	247.7K	-714	5.65	141.24	20	113	0	403
2018-04-12	$25.60	$0.00	5.9%	1.7%	8.0%	2.0%	0.0%	-26.1%	-0.4%	-46.9K	393.7K	-1.5K	5.65	138.38	20	113	0	403
2018-04-13	$25.62	$0.00	6.0%	1.7%	8.0%	2.1%	0.0%	-80.3%	-0.6%	-57.0K	319.7K	-1.4K	5.65	153.64	20	113	0	403
2018-04-16	$25.69	$0.00	5.6%	1.6%	8.0%	1.7%	0.0%	-170.0%	-0.5%	-46.9K	188.3K	-587	5.55	170.25	20	111	0	403
2018-04-17	$25.67	$0.00	5.6%	1.6%	8.1%	1.7%	0.0%	-173.0%	-0.5%	-57.1K	265.7K	-1.3K	5.55	181.59	20	111	0	404
2018-04-18	$25.61	$0.00	88.5%	25.4%	8.0%	87.0%	0.0%	69.9%	-0.9%	-59.0K	265.5K	-1.3K	5.55	196.02	20	111	0	404
2018-04-19	$25.58	$0.00	91.3%	26.2%	8.0%	89.9%	13.9%	-79.2%	0.0%	-56.0K	261.8K	-1.2K	4.70	177.29	20	94	0	404
2018-04-20	$25.43	$25.00	34.3%	9.8%	8.3%	31.3%	5.4%	2.7%	-58.0%	-32.9K	246.0K	-1.2K	4.20	189.58	20	84	0	407
2018-04-23	$25.36	$25.00	6.7%	1.9%	8.3%	2.9%	5.2%	1.6%	-2.2%	-33.2K	258.4K	-1.2K	0.00	181.53	0	20	0	214
2018-04-24	$25.23	$25.00	6.8%	1.9%	8.3%	3.0%	7.0%	1.1%	0.4%	-35.1K	267.7K	-1.1K	0.00	157.33	0	20	0	214
2018-04-25	$25.21	$25.00	6.7%	1.9%	8.2%	2.8%	6.0%	1.1%	-1.7%	-35.3K	260.3K	-1.1K	2.50	180.58	8	20	0	214
2018-04-26	$25.23	$25.00	5.7%	1.6%	8.3%	1.9%	5.2%	1.2%	-0.6%	-34.2K	256.1K	-1.2K	2.50	186.79	8	20	8	214
2018-04-27	$25.15	$25.00	5.0%	1.4%	8.3%	1.1%	5.8%	0.3%	1.2%	-35.1K	279.6K	-1.1K	2.50	184.22	8	20	8	214
2018-04-30	$25.15	$25.00	6.0%	1.7%	7.9%	2.1%	6.2%	-87.4%	0.0%	-34.8K	275.5K	-1.1K	2.50	186.76	8	20	8	214