IHY Options History — July 2018

In July 2018, IHY traded between $24.18 and $24.74. ATM implied volatility averaged 32.4%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 26.0% (HV 20d: 6.4%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.72.

Notable Days

2018-07-06: Highest Volume — 181 contracts
2018-07-20: Largest IV spike — 916.6% change
2018-07-23: Highest IV Rank — 100.0%
2018-07-23: Largest Expected Move — 29.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.52	$24.18	$24.74	$24.20	$24.72
Max Pain	$26.00	$26.00	$26.00	$26.00	$26.00
ATM IV	32.4%	6.7%	101.1%	8.8%	6.8%
Expected Move	9.1%	1.7%	29.0%	2.5%	1.9%
HV 20d	6.4%	4.7%	6.8%	6.0%	4.7%
HV 60d	5.2%	4.8%	5.3%	5.2%	5.2%
IV Rank	29.3%	2.9%	100.0%	5.0%	2.9%
IV Percentile	74.1%	42.5%	99.6%	79.0%	42.5%
Term Structure	-0.7%	-3.2%	1.7%	0.7%	-3.2%
VWIV	9.4%	9.3%	9.5%	9.3%	9.5%
Skew 25d	-24.3%	-187.0%	7.1%	2.0%	-97.3%
Skew 10d	-92.3%	-187.9%	-16.0%	-41.2%	-135.6%
Call IV 25d	33.7%	3.6%	196.9%	6.5%	108.1%
Put IV 25d	9.4%	8.1%	11.7%	8.5%	10.8%
Bid-Ask Spread %	168.02	150.16	182.50	168.07	182.50
Gamma HHI	0.49	0.41	0.54	0.52	0.52
Net GEX	-48.6K	-65.0K	-24.3K	-54.9K	-38.3K
Net DEX	385.1K	128.2K	600.6K	580.6K	128.2K
Net VEX	-1.3K	-1.5K	-929	-1.3K	-929
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.72	1.31	2.42	2.42	1.31
Total Volume	168.238	150	181	164	150
Total OI	359	277	406	385	277

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
2018-07-02	$24.20	$26.00	8.8%	2.5%	6.0%	5.0%	9.3%	2.0%	0.7%	-54.9K	580.6K	-1.3K	2.42	168.07	48	116	28	357
2018-07-03	$24.18	$26.00	9.0%	2.6%	5.6%	5.3%	9.5%	1.8%	-0.3%	-47.4K	600.6K	-1.3K	2.42	168.53	48	116	28	357
2018-07-05	$24.28	$0.00	7.7%	2.5%	5.8%	3.9%	0.0%	2.4%	-0.9%	-57.2K	575.0K	-1.3K	2.42	166.38	48	116	28	357
2018-07-06	$24.47	$0.00	7.5%	2.1%	6.5%	3.7%	0.0%	3.1%	1.2%	-65.0K	512.4K	-1.4K	1.78	161.78	65	116	28	357
2018-07-09	$24.49	$0.00	9.3%	2.3%	6.5%	5.5%	0.0%	4.1%	1.7%	-58.7K	471.4K	-1.5K	1.78	160.37	65	116	49	357
2018-07-10	$24.58	$0.00	15.8%	1.7%	6.6%	12.2%	0.0%	4.4%	-0.7%	-60.8K	448.1K	-1.5K	1.78	151.67	65	116	49	357
2018-07-11	$24.45	$0.00	8.3%	2.4%	6.6%	4.5%	0.0%	3.7%	1.7%	-56.9K	486.1K	-1.4K	1.78	168.23	65	116	49	357
2018-07-12	$24.50	$0.00	8.4%	2.4%	6.7%	4.6%	0.0%	4.2%	1.7%	-58.6K	463.6K	-1.4K	1.78	150.16	65	116	49	357
2018-07-13	$24.54	$0.00	85.4%	24.5%	6.6%	83.9%	0.0%	4.3%	-0.9%	-58.6K	446.0K	-1.4K	1.78	167.66	65	116	49	357
2018-07-16	$24.56	$0.00	89.4%	25.6%	6.6%	87.9%	0.0%	-184.2%	-0.8%	-60.0K	443.2K	-1.4K	1.78	174.87	65	116	49	357
2018-07-17	$24.53	$0.00	90.8%	26.0%	6.6%	89.4%	0.0%	-187.0%	-1.5%	-61.5K	461.9K	-1.4K	1.78	171.23	65	116	49	357
2018-07-18	$24.53	$0.00	92.3%	26.5%	6.6%	90.9%	0.0%	7.1%	-1.5%	-61.9K	474.3K	-1.3K	1.78	176.76	65	116	49	357
2018-07-19	$24.49	$0.00	9.4%	2.7%	6.7%	5.6%	0.0%	7.1%	-2.8%	-55.5K	433.0K	-1.3K	1.78	155.59	65	116	49	357
2018-07-20	$24.58	$0.00	95.6%	27.4%	6.8%	94.3%	0.0%	-3.6%	-0.9%	-34.1K	475.8K	-1.3K	1.78	181.78	65	116	49	357
2018-07-23	$24.55	$0.00	101.1%	29.0%	6.7%	100.0%	0.0%	-1.0%	-1.6%	-33.6K	205.6K	-1.3K	1.31	176.22	65	85	49	228
2018-07-24	$24.57	$0.00	6.7%	1.9%	6.6%	2.9%	0.0%	-5.9%	-1.0%	-35.8K	188.4K	-1.2K	1.31	171.68	65	85	49	228
2018-07-25	$24.70	$0.00	6.8%	2.0%	6.8%	3.0%	0.0%	-24.9%	-0.7%	-24.3K	204.1K	-1.1K	1.31	158.53	65	85	49	228
2018-07-26	$24.66	$0.00	6.9%	2.0%	6.5%	3.0%	0.0%	-15.8%	-0.9%	-33.5K	167.3K	-1.1K	1.31	172.85	65	85	49	228
2018-07-27	$24.66	$0.00	7.0%	2.0%	6.3%	3.2%	0.0%	-9.0%	-1.7%	-35.1K	186.6K	-1.2K	1.31	173.13	65	85	49	228
2018-07-30	$24.74	$0.00	7.3%	2.1%	6.0%	3.4%	0.0%	-26.0%	-2.7%	-30.1K	135.9K	-1.1K	1.31	170.51	65	85	49	228
2018-07-31	$24.72	$0.00	6.8%	1.9%	4.7%	2.9%	0.0%	-97.3%	-3.2%	-38.3K	128.2K	-929	1.31	182.50	65	85	49	228