IHY Options History — May 2020

In May 2020, IHY traded between $21.61 and $23.18. ATM implied volatility averaged 16.6%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 6.0% (HV 20d: 10.6%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2020-05-15: Highest Volume — 51 contracts
2020-05-06: Largest IV spike — 213.2% change
2020-05-06: Highest IV Rank — 41.9%
2020-05-06: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.27	$21.61	$23.18	$21.72	$23.18
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	16.6%	10.2%	44.5%	19.6%	13.2%
Expected Move	4.7%	2.9%	7.2%	5.6%	3.8%
HV 20d	10.6%	7.6%	12.6%	12.6%	10.9%
HV 60d	25.5%	25.0%	26.1%	25.0%	26.0%
IV Rank	13.4%	6.8%	41.9%	16.4%	9.9%
IV Percentile	77.4%	70.2%	94.4%	81.3%	73.0%
Term Structure	1.3%	-1.1%	17.6%	0.1%	0.1%
VWIV	26.9%	26.9%	26.9%	26.9%	26.9%
Skew 25d	9.0%	-6.1%	18.1%	18.1%	6.0%
Skew 10d	-37.3%	-159.3%	20.8%	-112.2%	-59.2%
Call IV 25d	13.8%	9.5%	24.8%	12.8%	10.4%
Put IV 25d	22.7%	15.5%	32.1%	30.9%	16.5%
Bid-Ask Spread %	138.58	102.43	179.41	158.29	179.41
Gamma HHI	0.74	0.60	0.84	0.70	0.84
Net GEX	-30.3K	-46.4K	-18.9K	-19.8K	-46.4K
Net DEX	334.7K	212.0K	409.1K	403.9K	212.0K
Net VEX	-806	-982	-691	-751	-758
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	1.00	1.00	1.00	1.00
Total Volume	3.65	0	51	0	0
Total OI	603.35	581	625	581	625

Daily Data (20 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
2020-05-01	$21.72	$20.00	19.6%	5.6%	12.6%	16.4%	0.0%	18.1%	0.1%	-19.8K	403.9K	-751	0.00	158.29	0	0	5	576
2020-05-04	$21.71	$0.00	18.7%	5.9%	12.1%	15.5%	0.0%	15.8%	-0.7%	-18.9K	370.6K	-854	0.00	113.21	0	1	5	576
2020-05-05	$21.72	$0.00	14.2%	5.5%	12.0%	10.9%	0.0%	13.0%	0.1%	-19.9K	409.1K	-691	0.00	104.63	0	0	5	577
2020-05-06	$21.61	$0.00	44.5%	7.2%	11.7%	41.9%	0.0%	7.2%	3.7%	-19.3K	357.6K	-982	0.00	158.96	0	1	5	577
2020-05-07	$21.77	$0.00	15.0%	5.2%	11.6%	11.8%	0.0%	12.1%	-0.3%	-20.2K	379.4K	-796	0.00	121.69	0	2	5	578
2020-05-08	$21.86	$0.00	14.2%	5.1%	8.6%	11.0%	0.0%	12.2%	-0.4%	-21.7K	379.2K	-790	0.00	102.43	0	0	5	578
2020-05-11	$21.89	$0.00	17.5%	5.0%	8.4%	14.3%	0.0%	10.5%	17.6%	-20.8K	358.2K	-855	1.00	111.57	5	5	5	578
2020-05-12	$21.94	$0.00	18.8%	5.0%	7.7%	15.6%	0.0%	11.1%	-0.3%	-23.6K	383.4K	-790	0.00	130.55	0	1	10	583
2020-05-13	$21.88	$0.00	19.4%	5.6%	7.6%	16.2%	0.0%	13.0%	-0.9%	-22.2K	388.0K	-785	0.00	120.37	0	0	10	583
2020-05-14	$21.96	$0.00	18.8%	5.4%	7.7%	15.7%	0.0%	11.8%	-1.1%	-23.8K	378.0K	-790	0.00	122.84	0	5	10	583
2020-05-15	$21.90	$0.00	16.2%	4.6%	7.6%	13.0%	26.9%	8.8%	-0.2%	-23.0K	388.6K	-705	0.00	144.55	0	51	10	578
2020-05-18	$22.47	$20.00	14.3%	4.1%	11.9%	11.0%	0.0%	9.6%	3.0%	-36.0K	339.1K	-806	0.00	126.74	0	1	10	615
2020-05-19	$22.48	$20.00	14.5%	4.2%	11.5%	11.2%	0.0%	9.5%	3.5%	-35.8K	339.4K	-805	0.00	154.26	0	0	10	615
2020-05-20	$22.79	$20.00	10.2%	2.9%	12.3%	6.8%	0.0%	-6.1%	1.0%	-43.8K	290.9K	-839	0.00	156.29	0	0	10	615
2020-05-21	$22.79	$20.00	10.4%	3.0%	11.8%	7.0%	0.0%	6.2%	0.8%	-41.7K	287.8K	-853	0.00	171.54	0	0	10	615
2020-05-22	$22.75	$20.00	10.6%	3.0%	11.8%	7.2%	0.0%	2.0%	1.3%	-40.6K	292.2K	-836	0.00	130.91	0	0	10	615
2020-05-26	$22.91	$20.00	13.1%	3.8%	11.8%	9.8%	0.0%	3.9%	-0.4%	-44.0K	264.6K	-818	0.00	128.13	0	0	10	615
2020-05-27	$23.03	$20.00	13.9%	4.0%	11.8%	10.6%	0.0%	7.3%	-0.3%	-42.9K	243.3K	-815	0.00	168.11	0	1	10	615
2020-05-28	$23.10	$20.00	15.3%	4.4%	11.4%	12.0%	0.0%	7.0%	-1.0%	-42.0K	229.3K	-797	0.00	167.11	0	0	10	615
2020-05-29	$23.18	$20.00	13.2%	3.8%	10.9%	9.9%	0.0%	6.0%	0.1%	-46.4K	212.0K	-758	0.00	179.41	0	0	10	615