IHY Options History — September 2025

In September 2025, IHY traded between $22.12 and $22.69. ATM implied volatility averaged 11.6%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded below realized volatility by 6.1% (HV 20d: 17.7%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days.

Notable Days

  • 2025-09-08: Largest IV spike — 359.4% change
  • 2025-09-09: Highest IV Rank — 30.4%
  • 2025-09-15: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.38$22.12$22.69$22.28$22.38
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV11.6%4.3%42.1%10.2%7.4%
Expected Move2.7%1.2%5.5%2.9%2.1%
HV 20d17.7%13.0%21.1%21.1%13.9%
HV 60d21.2%19.8%22.0%21.3%19.8%
IV Rank5.4%0.0%30.4%2.5%2.6%
IV Percentile18.0%0.0%90.5%13.5%4.4%
Term Structure-9.8%-35.2%3.4%-35.2%-4.7%
Skew 25d-3.6%-13.6%9.0%-13.6%-10.3%
Skew 10d6.6%-13.6%29.7%-13.6%5.2%
Call IV 25d27.5%13.7%38.9%21.9%28.9%
Put IV 25d23.9%7.7%39.9%8.3%18.6%
Bid-Ask Spread %133.55121.62148.45148.45123.49
Gamma HHI0.890.721.000.780.98
Net GEX-679-1.1K0-1.1K-858
Net DEX4.7K016.9K10.8K4.3K
Net VEX-25-840-63-17
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4040404040

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$22.28$0.0010.2%2.9%21.1%2.5%0.0%-13.6%-35.2%-1.1K10.8K-630.00148.4500040
2025-09-03$22.30$0.009.3%2.7%19.4%1.7%0.0%4.7%-33.8%-1.0K16.9K-840.00148.2200040
2025-09-04$22.14$19.009.6%2.7%18.6%1.9%0.0%-5.5%-9.9%-1.1K8.0K-480.00142.3300040
2025-09-05$22.12$19.007.0%1.8%18.7%0.0%0.0%-3.6%1.8%0000.00137.4900040
2025-09-08$22.64$19.0032.1%5.4%19.9%21.8%0.0%-12.9%-14.7%-7544.1K-260.00142.2000040
2025-09-09$22.36$19.0042.1%2.0%20.5%30.4%0.0%0.0%-11.2%-1.0K8.1K-450.00138.0200040
2025-09-10$22.37$19.007.2%2.1%20.5%0.2%0.0%-8.9%-11.4%-6272.5K-160.00137.9700040
2025-09-11$22.39$19.004.3%1.2%20.2%0.0%0.0%0.9%2.9%-9887.4K-430.00128.4000040
2025-09-12$22.42$19.006.7%1.9%20.0%2.0%0.0%0.0%-19.0%-211100-10.00126.5200040
2025-09-15$22.61$19.0019.3%5.5%20.2%12.7%0.0%0.0%3.4%-9828.7K-420.00131.5400040
2025-09-16$22.69$19.0019.2%5.5%20.0%12.6%0.0%-13.3%-20.0%-7994.5K-250.00125.2700040
2025-09-17$22.27$19.006.1%1.7%20.9%1.5%0.0%4.9%-1.6%0000.00127.0700040
2025-09-18$22.44$19.004.7%1.3%21.0%0.3%0.0%-1.7%0.2%-7012.9K-160.00124.6700040
2025-09-19$22.42$19.005.6%1.6%17.6%1.0%0.0%-0.4%-0.2%-9065.2K-280.00131.6800040
2025-09-22$22.44$19.005.1%1.5%13.0%0.6%0.0%-2.1%0.0%-6982.7K-150.00128.8200040
2025-09-23$22.47$19.0017.6%5.0%13.0%11.2%0.0%-1.0%-1.7%-6632.3K-120.00131.9100040
2025-09-24$22.41$19.006.7%1.9%13.0%2.0%0.0%0.0%-6.2%-5911.2K-70.00121.6200040
2025-09-25$22.35$19.007.6%2.2%13.0%2.8%0.0%0.0%-16.3%-1.1K9.2K-380.00141.8600040
2025-09-26$22.14$19.007.0%2.0%13.4%2.3%0.0%9.0%-3.8%0000.00138.9900040
2025-09-29$22.38$19.008.6%2.5%14.0%3.6%0.0%-10.3%-24.3%-27511400.00128.1000040
2025-09-30$22.38$19.007.4%2.1%13.9%2.6%0.0%0.0%-4.7%-8584.3K-170.00123.4900040