IHY Options History — April 2020

In April 2020, IHY traded between $20.57 and $22.01. ATM implied volatility averaged 30.4%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 1.4% (HV 20d: 29.0%). Max pain ranged from $16.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2020-04-14: Highest Volume — 100 contracts
  • 2020-04-08: Largest IV drop — 17.8% change
  • 2020-04-01: Highest IV Rank — 44.4%
  • 2020-04-01: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.53$20.57$22.01$20.71$21.78
Max Pain$19.86$16.00$25.00$25.00$20.00
ATM IV30.4%18.7%46.9%46.9%18.7%
Expected Move8.5%5.4%13.4%13.4%5.4%
HV 20d29.0%12.5%40.1%39.7%12.5%
HV 60d24.6%23.7%25.0%23.7%25.0%
IV Rank27.5%15.5%44.4%44.4%15.5%
IV Percentile85.7%81.3%92.9%92.9%81.3%
Term Structure-2.7%-6.9%1.5%-4.4%0.1%
Skew 25d17.7%2.4%29.0%29.0%14.3%
Skew 10d21.3%-145.4%59.4%59.4%-145.4%
Call IV 25d23.2%13.1%37.5%37.5%13.1%
Put IV 25d41.0%20.1%66.4%66.4%27.3%
Bid-Ask Spread %136.11103.40168.81135.02168.81
Gamma HHI0.460.340.690.350.67
Net GEX-30.0K-64.1K-18.7K-22.7K-18.7K
Net DEX474.4K348.7K632.4K623.0K355.9K
Net VEX-1.2K-1.5K-793-1.5K-920
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume12.286010000
Total OI631580703649581

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$20.71$25.0046.9%13.4%39.7%44.4%0.0%29.0%-4.4%-22.7K623.0K-1.5K0.00135.02005644
2020-04-02$20.73$16.0039.9%10.9%39.8%37.3%0.0%27.5%-6.9%-22.6K609.7K-1.4K0.00112.71005644
2020-04-03$20.57$16.0039.3%10.5%39.8%36.6%0.0%24.2%-4.9%-21.6K632.4K-1.3K0.00103.40005644
2020-04-06$20.71$20.0036.1%9.3%39.6%33.4%0.0%19.4%-4.6%-23.3K610.1K-1.2K0.00115.11075647
2020-04-07$20.97$20.0039.6%9.9%40.1%36.9%0.0%22.6%-5.9%-26.2K597.1K-1.1K0.00121.03005648
2020-04-08$21.16$20.0032.6%9.3%40.1%29.7%0.0%19.0%-4.3%-29.2K577.0K-1.1K0.00122.71005648
2020-04-09$21.64$20.0030.3%8.7%37.4%27.4%0.0%19.1%-3.9%-35.6K490.4K-1.2K0.00124.050505648
2020-04-13$21.77$20.0030.3%8.7%37.4%27.4%0.0%17.3%-4.3%-42.2K530.5K-1.3K0.00136.32005698
2020-04-14$21.98$20.0029.1%8.3%35.9%26.2%0.0%15.3%-3.4%-47.9K489.9K-1.2K0.00129.4001005698
2020-04-15$21.89$20.0030.5%8.8%35.0%27.6%0.0%17.7%-3.2%-52.4K532.0K-1.5K0.00138.16005695
2020-04-16$21.93$20.0030.6%8.8%29.2%27.7%0.0%17.2%-3.4%-64.1K527.5K-1.4K0.00134.5101005695
2020-04-17$22.01$20.0027.6%7.9%26.7%24.6%0.0%14.3%-1.9%-62.7K458.5K-1.3K0.00146.37005655
2020-04-20$21.99$20.0030.3%8.7%26.8%27.4%0.0%16.3%-2.6%-20.6K356.7K-1.3K0.00138.20005575
2020-04-21$21.83$20.0032.4%9.3%21.7%29.5%0.0%18.3%-2.8%-19.0K351.7K-1.2K0.00131.24015575
2020-04-22$21.88$20.0028.6%8.2%20.1%25.6%0.0%20.6%-1.6%-19.9K348.7K-1.1K0.00148.05005576
2020-04-23$21.72$20.0026.8%7.7%18.9%23.8%0.0%16.6%-1.0%-21.0K386.9K-1.2K0.00138.38005576
2020-04-24$21.66$20.0024.1%6.9%17.9%21.0%0.0%16.1%1.5%-19.1K366.0K-1.1K0.00153.11005576
2020-04-27$21.64$20.0021.8%6.3%17.6%18.7%0.0%13.6%-0.0%-20.2K368.1K-1.1K0.00164.06005576
2020-04-28$21.67$20.0021.9%6.3%17.5%18.8%0.0%11.4%-0.3%-20.8K396.9K-7930.00145.67005576
2020-04-29$21.92$20.0021.9%6.3%16.0%18.8%0.0%2.4%0.9%-20.1K353.1K-9300.00151.98005576
2020-04-30$21.78$20.0018.7%5.4%12.5%15.5%0.0%14.3%0.1%-18.7K355.9K-9200.00168.81005576