IHY Options History — July 2025

In July 2025, IHY traded between $21.45 and $22.54. ATM implied volatility averaged 20.5%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 4.4% (HV 20d: 24.9%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 6 of 22 days.

Notable Days

  • 2025-07-08: Largest IV spike — 279.8% change
  • 2025-07-08: Highest IV Rank — 28.8%
  • 2025-07-24: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.24$21.45$22.54$22.45$22.34
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV20.5%8.9%40.4%18.8%29.8%
Expected Move5.6%2.6%10.7%5.4%8.5%
HV 20d24.9%15.4%28.7%15.4%25.9%
HV 60d23.3%21.5%24.2%22.6%23.1%
IV Rank11.4%1.4%28.8%9.9%19.6%
IV Percentile44.9%4.0%85.7%44.8%73.4%
Term Structure-6.2%-31.9%12.6%-31.9%-16.6%
Skew 25d-1.6%-12.4%8.8%-1.4%-11.7%
Skew 10d7.0%-5.7%27.7%10.9%-3.4%
Call IV 25d27.8%9.5%52.9%33.8%26.4%
Put IV 25d26.2%11.5%51.3%32.4%14.7%
Bid-Ask Spread %152.02142.50157.87145.02143.97
Gamma HHI0.630.341.000.470.43
Net GEX592-1.8K2.3K-1.3K-174
Net DEX-20.0K-37.5K12.0K-8.0K-16.5K
Net VEX-111-236-40-94-154
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI62.63659797959

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$22.45$23.0018.8%5.4%15.4%9.9%0.0%-1.4%-31.9%-1.3K-8.0K-940.00145.02001960
2025-07-02$21.92$23.009.5%2.7%17.9%1.9%0.0%0.5%12.6%57410.4K-800.00144.13001960
2025-07-03$22.44$0.0013.9%3.3%18.0%5.7%0.0%3.3%-8.5%-1.8K12.0K-2360.00156.88001960
2025-07-07$21.94$0.0010.6%3.3%19.8%2.9%0.0%-10.1%-7.6%83411.0K-730.00157.87001960
2025-07-08$21.45$0.0040.4%5.2%21.2%28.8%0.0%-4.9%0.7%-150-8.3K-1950.00155.09001940
2025-07-09$22.43$0.0013.9%4.0%26.8%5.7%0.0%-9.1%-4.1%-81-18.3K-1690.00153.03001940
2025-07-10$22.43$0.0023.7%6.8%26.8%14.2%0.0%3.6%-15.2%-120-18.2K-1680.00154.87001940
2025-07-11$22.39$0.009.7%2.8%26.8%2.0%0.0%6.2%2.2%1.0K-33.7K-680.00150.89001940
2025-07-14$21.88$0.0015.4%4.4%27.9%7.1%0.0%0.9%-0.3%2.3K-32.3K-620.00150.76001940
2025-07-15$21.90$0.0013.7%3.9%27.9%5.6%0.0%0.2%3.5%1.5K-30.6K-710.00146.94001940
2025-07-16$22.32$0.008.9%2.6%28.7%1.4%0.0%-2.3%-0.4%1.7K-35.2K-520.00155.82001940
2025-07-17$22.28$0.0024.1%6.9%27.1%14.6%0.0%-3.6%1.4%-131-17.1K-1640.00152.11001940
2025-07-18$22.39$0.0019.7%5.6%26.2%10.7%0.0%0.1%-13.5%-267-13.3K-1850.00156.65001940
2025-07-21$22.45$0.0013.4%3.9%26.2%5.3%0.0%0.4%7.1%-157-18.0K-1610.00151.05001940
2025-07-22$22.48$0.0019.3%5.5%26.2%10.4%0.0%0.2%-2.6%1.5K-37.5K-400.00153.76001940
2025-07-23$22.54$0.0036.0%10.3%26.2%25.0%0.0%-12.4%-9.1%-28-21.7K-1400.00157.24001940
2025-07-24$22.52$0.0037.4%10.7%26.0%26.2%0.0%-0.3%-10.4%69-23.6K-1250.00152.87001940
2025-07-25$22.34$0.0013.6%3.9%26.1%5.4%0.0%-0.0%-0.3%1.7K-35.9K-480.00153.63001940
2025-07-28$22.29$0.0032.5%9.3%26.1%21.9%0.0%-1.6%-17.9%1.8K-35.3K-480.00154.70001940
2025-07-29$21.92$0.0018.5%5.3%26.8%9.7%0.0%-1.9%-1.5%2.3K-32.5K-570.00142.50001940
2025-07-30$22.23$0.0027.7%7.9%27.3%17.7%0.0%8.8%-23.6%2.0K-36.8K-410.00154.78001940
2025-07-31$22.34$0.0029.8%8.5%25.9%19.6%0.0%-11.7%-16.6%-174-16.5K-1540.00143.97001940