IHY Options History — January 2023

In January 2023, IHY traded between $19.68 and $20.57. ATM implied volatility averaged 21.1%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 12.1% (HV 20d: 9.1%). 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 5 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2023-01-26: Highest Volume — 45 contracts
2023-01-30: Largest IV spike — 120.4% change
2023-01-19: Highest IV Rank — 21.0%
2023-01-19: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.28	$19.68	$20.57	$19.68	$20.47
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	21.1%	8.6%	44.1%	23.8%	8.6%
Expected Move	6.6%	2.5%	12.6%	6.8%	2.5%
HV 20d	9.1%	7.5%	10.4%	8.1%	8.0%
HV 60d	11.4%	10.6%	12.2%	11.9%	10.7%
IV Rank	8.1%	0.7%	21.0%	9.9%	0.7%
IV Percentile	45.7%	0.8%	86.1%	67.5%	0.8%
Term Structure	-5.8%	-23.9%	28.5%	28.5%	-0.9%
Skew 25d	-1.6%	-25.0%	9.6%	-25.0%	0.6%
Skew 10d	6.5%	-18.6%	33.7%	-16.6%	21.5%
Call IV 25d	32.1%	10.0%	62.2%	40.0%	10.0%
Put IV 25d	30.5%	9.1%	63.5%	14.9%	10.7%
Bid-Ask Spread %	154.13	127.51	178.78	127.51	135.97
Gamma HHI	0.64	0.43	0.96	0.93	0.83
Net GEX	-6.7K	-19.5K	-1.2K	-1.7K	-6.5K
Net DEX	21.9K	-8.3K	67.7K	12.6K	32.4K
Net VEX	-215	-470	-18	-23	-172
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	5.25	0	45	16	0
Total OI	180.3	147	235	147	235

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
2023-01-03	$19.68	$20.00	23.8%	6.8%	8.1%	9.9%	0.0%	-25.0%	28.5%	-1.7K	12.6K	-23	1.00	127.51	8	8	0	147
2023-01-04	$19.83	$20.00	8.8%	2.5%	8.2%	1.4%	0.0%	-7.2%	7.1%	-7.1K	11.6K	-154	0.00	133.35	0	0	8	158
2023-01-05	$19.73	$0.00	10.4%	5.3%	8.3%	2.3%	0.0%	3.5%	-11.2%	-8.7K	38.1K	-337	0.00	157.28	0	0	8	158
2023-01-06	$20.07	$0.00	17.5%	8.4%	10.2%	6.3%	0.0%	-16.1%	-23.9%	-2.4K	-7.9K	-21	0.00	176.32	0	0	8	158
2023-01-09	$20.12	$0.00	10.6%	6.0%	10.2%	2.4%	0.0%	3.1%	1.8%	-7.8K	22.5K	-271	0.00	157.56	0	0	8	158
2023-01-10	$20.09	$0.00	11.2%	5.6%	10.2%	2.7%	0.0%	7.8%	-8.4%	-8.1K	34.7K	-358	0.00	151.58	0	0	8	158
2023-01-11	$20.23	$0.00	15.6%	4.5%	10.4%	5.2%	0.0%	5.5%	-8.3%	-4.7K	922	-108	0.00	150.88	0	0	8	158
2023-01-12	$20.36	$0.00	19.1%	5.5%	10.2%	7.2%	0.0%	-0.0%	-12.3%	-4.0K	-6.5K	-55	0.00	154.90	0	0	8	158
2023-01-13	$20.35	$0.00	17.4%	5.0%	10.2%	6.2%	0.0%	-1.9%	-11.6%	-2.6K	-8.3K	-35	0.00	153.69	0	1	8	158
2023-01-17	$20.34	$0.00	25.0%	7.2%	9.5%	10.4%	0.0%	-10.3%	-14.2%	-1.2K	-7.0K	-18	0.00	156.38	0	0	8	159
2023-01-18	$20.41	$0.00	43.4%	12.4%	9.4%	20.6%	0.0%	1.3%	-16.6%	-5.3K	54.6K	-430	0.00	178.78	0	0	8	159
2023-01-19	$20.40	$0.00	44.1%	12.6%	9.2%	21.0%	0.0%	1.3%	9.6%	-5.3K	54.9K	-442	0.00	178.78	0	0	8	159
2023-01-20	$20.43	$0.00	28.4%	8.1%	9.2%	12.0%	0.0%	9.6%	4.8%	-4.9K	32.8K	-373	0.00	166.65	0	1	8	159
2023-01-23	$20.48	$0.00	25.7%	7.4%	9.0%	10.5%	0.0%	0.1%	-16.8%	-4.7K	13.5K	-236	0.00	162.55	0	42	8	150
2023-01-24	$20.51	$0.00	41.7%	12.0%	8.7%	19.7%	0.0%	0.3%	-13.4%	-6.7K	67.7K	-470	0.00	174.90	0	0	8	192
2023-01-25	$20.56	$0.00	33.7%	9.7%	8.7%	15.1%	0.0%	-3.4%	-1.2%	-19.5K	24.5K	-269	0.00	144.91	0	0	8	192
2023-01-26	$20.57	$0.00	9.4%	2.7%	8.7%	1.2%	0.0%	-5.2%	-2.6%	-6.7K	18.1K	-149	0.00	138.84	0	45	8	192
2023-01-27	$20.57	$0.00	8.9%	2.5%	7.5%	0.9%	0.0%	-0.9%	-2.8%	-14.6K	20.8K	-206	0.00	132.32	0	0	8	227
2023-01-30	$20.43	$0.00	19.6%	5.6%	8.0%	7.0%	0.0%	4.1%	-23.0%	-11.0K	27.3K	-176	0.00	149.50	0	0	8	227
2023-01-31	$20.47	$0.00	8.6%	2.5%	8.0%	0.7%	0.0%	0.6%	-0.9%	-6.5K	32.4K	-172	0.00	135.97	0	0	8	227