IHY Options History — July 2023

In July 2023, IHY traded between $19.74 and $20.33. ATM implied volatility averaged 16.1%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 8.9% (HV 20d: 7.3%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-07-31: Highest Volume — 30 contracts
2023-07-11: Largest IV spike — 616.2% change
2023-07-11: Highest IV Rank — 29.4%
2023-07-11: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.12	$19.74	$20.33	$19.95	$20.28
Max Pain	$18.20	$18.00	$20.00	$20.00	$18.00
ATM IV	16.1%	4.9%	56.9%	4.9%	11.4%
Expected Move	4.7%	1.4%	12.6%	1.4%	3.3%
HV 20d	7.3%	5.8%	8.0%	5.8%	7.9%
HV 60d	6.3%	5.9%	6.5%	5.9%	6.5%
IV Rank	6.4%	0.0%	29.4%	0.0%	3.7%
IV Percentile	33.6%	0.0%	89.3%	0.0%	27.8%
Term Structure	-3.1%	-16.6%	11.5%	6.4%	-1.1%
VWIV	41.6%	36.5%	46.6%	36.5%	46.6%
Skew 25d	-5.1%	-18.4%	8.8%	1.3%	-14.7%
Skew 10d	1.3%	-20.0%	17.6%	1.7%	-4.9%
Call IV 25d	29.5%	15.5%	54.1%	22.2%	34.1%
Put IV 25d	24.4%	9.7%	43.3%	23.4%	19.4%
Bid-Ask Spread %	152.06	128.47	190.81	128.47	163.38
Gamma HHI	0.54	0.36	0.89	0.54	0.81
Net GEX	4.0K	771	10.2K	10.2K	1.3K
Net DEX	-134.9K	-232.1K	-64.9K	-125.4K	-115.4K
Net VEX	-479	-651	-334	-579	-381
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.6	0	30	0	30
Total OI	213	141	252	249	141

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	Spread %	Call Vol	Call OI	Put OI
2023-07-03	$19.95	$20.00	4.9%	1.4%	5.8%	0.0%	0.0%	1.3%	6.4%	10.2K	-125.4K	-579	128.47	0	161	88
2023-07-05	$19.79	$20.00	29.2%	8.4%	6.5%	13.7%	0.0%	1.5%	-10.5%	6.0K	-99.0K	-588	138.06	0	161	88
2023-07-06	$19.74	$18.00	6.3%	4.1%	6.6%	0.8%	0.0%	-6.6%	-3.9%	8.0K	-64.9K	-547	168.38	0	161	87
2023-07-07	$19.84	$18.00	18.3%	6.7%	6.8%	7.6%	0.0%	-7.7%	-3.8%	5.7K	-107.5K	-566	140.39	6	161	87
2023-07-10	$19.88	$18.00	8.0%	4.7%	6.4%	1.7%	36.5%	-9.3%	-5.5%	8.9K	-110.1K	-616	144.39	12	165	87
2023-07-11	$19.92	$18.00	56.9%	12.6%	6.4%	29.4%	0.0%	0.1%	-15.3%	2.9K	-102.0K	-651	190.81	0	153	87
2023-07-12	$20.14	$18.00	19.6%	5.6%	7.5%	8.3%	0.0%	-8.2%	1.8%	8.7K	-166.6K	-579	171.09	0	153	87
2023-07-13	$20.31	$18.00	13.6%	3.9%	8.0%	5.0%	0.0%	4.0%	2.6%	4.3K	-159.5K	-579	161.86	0	153	87
2023-07-14	$20.29	$18.00	12.8%	3.7%	8.0%	4.5%	0.0%	5.6%	2.2%	3.3K	-166.1K	-500	155.44	0	153	87
2023-07-17	$20.28	$18.00	23.6%	6.8%	7.4%	10.6%	0.0%	8.8%	-16.6%	3.2K	-167.3K	-461	150.90	0	153	87
2023-07-18	$20.33	$18.00	28.8%	8.2%	7.4%	13.5%	0.0%	0.8%	-5.0%	3.4K	-164.2K	-465	162.79	0	153	87
2023-07-19	$20.26	$18.00	9.5%	2.7%	7.4%	2.6%	0.0%	-11.7%	-4.6%	2.5K	-159.6K	-432	135.81	0	153	87
2023-07-20	$20.19	$18.00	9.8%	2.8%	7.5%	2.8%	0.0%	-18.4%	-3.0%	2.7K	-149.8K	-428	146.37	0	153	87
2023-07-21	$20.20	$18.00	9.4%	2.7%	7.5%	2.5%	0.0%	-8.0%	-3.1%	1.6K	-232.1K	-379	140.49	0	153	87
2023-07-24	$20.18	$18.00	9.4%	2.7%	7.5%	2.5%	0.0%	-4.9%	11.5%	1.1K	-128.4K	-358	137.82	0	101	44
2023-07-25	$20.16	$18.00	9.6%	2.8%	7.5%	2.7%	0.0%	-14.1%	-3.6%	1.4K	-125.2K	-369	132.71	4	101	44
2023-07-26	$20.25	$18.00	9.6%	2.7%	7.5%	2.7%	0.0%	-11.1%	-3.8%	771	-127.7K	-342	147.28	0	97	44
2023-07-27	$20.10	$18.00	20.4%	5.8%	8.0%	8.8%	0.0%	0.0%	-1.4%	2.2K	-99.0K	-427	164.92	0	97	44
2023-07-28	$20.25	$18.00	11.4%	3.3%	8.0%	3.7%	0.0%	-9.9%	-4.8%	788	-128.0K	-334	159.73	0	97	44
2023-07-31	$20.28	$18.00	11.4%	3.3%	7.9%	3.7%	46.6%	-14.7%	-1.1%	1.3K	-115.4K	-381	163.38	30	97	44