IHY Options History — March 2023

In March 2023, IHY traded between $19.58 and $20.11. ATM implied volatility averaged 29.4%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 21.1% (HV 20d: 8.2%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.00.

Notable Days

2023-03-30: Highest Volume — 36 contracts
2023-03-08: Largest IV spike — 333.8% change
2023-03-14: Highest IV Rank — 75.2%
2023-03-03: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.81	$19.58	$20.11	$19.82	$20.11
Max Pain	$19.13	$19.00	$20.00	$20.00	$19.00
ATM IV	29.4%	8.4%	138.8%	10.3%	10.8%
Expected Move	5.6%	2.4%	12.0%	3.0%	3.1%
HV 20d	8.2%	7.3%	9.0%	8.3%	8.2%
HV 60d	8.5%	8.3%	8.7%	8.3%	8.4%
IV Rank	12.6%	0.7%	75.2%	1.7%	2.0%
IV Percentile	45.3%	0.4%	98.8%	7.1%	10.7%
Term Structure	1.7%	-29.8%	36.7%	-3.3%	18.2%
Skew 25d	-0.9%	-38.7%	29.9%	-11.0%	18.8%
Skew 10d	-8.2%	-47.7%	38.2%	-22.8%	35.5%
Call IV 25d	26.7%	8.8%	64.6%	23.5%	25.8%
Put IV 25d	25.8%	9.5%	57.3%	12.5%	44.6%
Bid-Ask Spread %	135.43	121.72	165.12	140.10	128.37
Gamma HHI	0.49	0.33	0.93	0.64	0.93
Net GEX	-8.3K	-21.5K	3.1K	-21.5K	3.0K
Net DEX	48.5K	-23.7K	125.1K	73.4K	-23.7K
Net VEX	-245	-459	-54	-276	-157
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	2.609	0	36	0	24
Total OI	221.696	191	249	249	227

Daily Data (23 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
2023-03-01	$19.82	$20.00	10.3%	3.0%	8.3%	1.7%	0.0%	-11.0%	-3.3%	-21.5K	73.4K	-276	0.00	140.10	0	0	18	231
2023-03-02	$19.77	$20.00	9.8%	2.8%	7.3%	1.4%	0.0%	-9.7%	-1.5%	-19.1K	74.0K	-245	0.00	142.25	0	0	18	231
2023-03-03	$19.94	$20.00	41.8%	12.0%	8.2%	19.7%	0.0%	-0.0%	-2.1%	-11.8K	93.7K	-459	0.00	147.01	0	0	18	231
2023-03-06	$19.95	$19.00	45.3%	4.6%	7.7%	21.7%	0.0%	8.2%	5.1%	-10.3K	67.7K	-308	0.00	143.64	0	0	18	231
2023-03-07	$19.80	$19.00	11.1%	2.8%	7.8%	2.2%	0.0%	-2.6%	-1.6%	-20.3K	71.4K	-219	0.00	142.31	0	0	18	231
2023-03-08	$19.77	$19.00	48.0%	2.4%	7.8%	23.3%	0.0%	1.4%	1.5%	-8.9K	60.6K	-203	0.00	135.56	0	0	18	231
2023-03-09	$19.71	$19.00	33.8%	5.1%	7.8%	15.2%	0.0%	16.1%	-2.2%	-13.6K	91.4K	-338	0.00	135.58	0	0	18	231
2023-03-10	$19.74	$19.00	26.9%	5.9%	7.8%	11.2%	0.0%	3.1%	9.2%	-14.5K	93.2K	-335	0.00	133.68	0	0	18	231
2023-03-13	$19.80	$19.00	61.4%	8.6%	7.8%	30.9%	0.0%	-28.4%	2.9%	-12.0K	103.2K	-377	0.00	138.95	0	0	18	231
2023-03-14	$19.80	$19.00	138.8%	11.2%	7.6%	75.2%	0.0%	1.3%	-19.0%	-9.0K	121.3K	-440	0.00	165.12	0	0	18	231
2023-03-15	$19.58	$19.00	33.8%	9.7%	8.5%	15.2%	0.0%	0.7%	-29.8%	-10.9K	125.1K	-405	0.00	139.25	0	0	18	231
2023-03-16	$19.66	$19.00	12.3%	3.5%	8.7%	2.9%	0.0%	-8.1%	36.7%	-7.8K	35.7K	-215	0.00	136.38	0	0	18	189
2023-03-17	$19.66	$19.00	13.0%	3.7%	8.6%	3.2%	0.0%	-6.0%	-0.1%	-5.1K	43.1K	-188	0.00	127.74	0	0	18	189
2023-03-20	$19.65	$19.00	25.5%	7.3%	8.6%	10.4%	0.0%	-15.5%	-1.6%	-6.7K	23.5K	-226	0.00	134.50	0	0	18	173
2023-03-21	$19.77	$19.00	8.4%	2.4%	8.1%	0.7%	0.0%	-7.1%	8.5%	-2.7K	-1.8K	-127	0.00	125.00	0	0	18	173
2023-03-22	$19.98	$19.00	23.1%	6.6%	9.0%	9.1%	0.0%	11.3%	-10.1%	-4.8K	7.5K	-186	0.00	134.03	0	0	18	173
2023-03-23	$19.86	$19.00	10.1%	2.9%	8.9%	1.6%	0.0%	29.9%	6.6%	1.9K	-15.6K	-56	0.00	126.61	0	0	18	173
2023-03-24	$19.77	$19.00	24.3%	7.0%	8.8%	9.7%	0.0%	14.9%	6.1%	-6.9K	52.0K	-311	0.00	129.36	0	0	18	173
2023-03-27	$19.78	$19.00	10.6%	3.0%	8.4%	1.9%	0.0%	-7.0%	15.2%	-466	-8.1K	-85	0.00	126.34	0	0	18	173
2023-03-28	$19.80	$19.00	33.2%	9.5%	8.4%	14.8%	0.0%	-38.7%	-22.1%	-7.0K	33.0K	-246	0.00	131.51	0	0	18	173
2023-03-29	$19.87	$19.00	33.3%	9.5%	8.3%	14.8%	0.0%	-20.8%	10.3%	-5.9K	11.7K	-172	0.00	129.90	0	0	18	173
2023-03-30	$19.98	$19.00	9.7%	2.8%	8.5%	1.4%	0.0%	28.1%	13.0%	3.1K	-17.3K	-54	1.00	121.72	18	18	18	173
2023-03-31	$20.11	$19.00	10.8%	3.1%	8.2%	2.0%	0.0%	18.8%	18.2%	3.0K	-23.7K	-157	1.00	128.37	12	12	36	191