IHAK Options History — April 2020

In April 2020, IHAK traded between $23.73 and $28.06. ATM implied volatility averaged 37.9%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 7.2% (HV 20d: 45.1%). Max pain ranged from $18.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.22.

Notable Days

  • 2020-04-01: Highest Volume — 17 contracts
  • 2020-04-21: Largest IV spike — 32.3% change
  • 2020-04-01: Highest IV Rank — 38.7%
  • 2020-04-01: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.35$23.73$28.06$24.03$27.65
Max Pain$22.50$18.00$27.00$18.00$27.00
ATM IV37.9%30.1%52.0%52.0%39.3%
Expected Move10.7%8.6%14.9%14.9%11.3%
HV 20d45.1%31.5%61.2%61.2%31.5%
HV 60d41.3%38.7%42.7%38.8%42.7%
IV Rank26.2%19.3%38.7%38.7%27.4%
IV Percentile41.2%24.0%72.0%72.0%48.0%
Term Structure-5.8%-19.7%1.1%-8.1%-19.7%
VWIV34.2%28.9%39.5%28.9%39.5%
Skew 25d3.9%-9.1%9.8%6.9%4.9%
Skew 10d8.6%-3.5%26.4%10.4%5.8%
Call IV 25d35.8%28.2%53.7%53.7%43.2%
Put IV 25d39.7%28.1%60.6%60.6%48.1%
Bid-Ask Spread %128.31116.48136.47132.57136.10
Gamma HHI0.680.480.840.670.49
Net GEX1.2K3593.0K1.3K741
Net DEX-19.7K-57.2K-4.1K-22.9K-10.6K
Net VEX-91-236-22-113-39
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.001.000.000.00
Total Volume1.286017172
Total OI19.3336442710

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$24.03$0.0052.0%14.9%61.2%38.7%0.0%6.9%-8.1%1.3K-22.9K-1130.00132.57N/AN/A170270
2020-04-02$23.96$0.0042.4%12.0%61.0%30.1%0.0%8.3%-4.5%2.1K-36.0K-2110.00116.48N/AN/A00440
2020-04-03$23.73$0.0041.3%10.9%60.6%29.2%0.0%8.2%-2.2%2.1K-35.5K-2090.00119.58N/AN/A00440
2020-04-06$25.14$0.0038.1%9.6%60.9%26.3%0.0%6.7%-1.2%3.0K-44.0K-2270.00123.49N/AN/A00440
2020-04-07$25.00$0.0047.7%11.7%60.9%34.9%0.0%-6.3%-0.6%2.5K-48.1K-2320.00124.92N/AN/A00440
2020-04-08$25.58$0.0034.3%9.8%59.7%23.0%0.0%3.1%-2.1%2.8K-51.0K-2340.00136.47N/AN/A10440
2020-04-09$25.70$0.0035.5%10.2%49.4%24.1%0.0%0.9%-4.3%2.9K-57.2K-2360.00126.28N/AN/A00440
2020-04-13$25.73$0.0035.6%10.2%49.0%24.1%0.0%5.4%-6.2%359-4.1K-220.00134.97N/AN/A0060
2020-04-14$26.56$0.0036.8%10.5%45.7%25.2%0.0%9.8%-13.0%405-4.8K-250.00132.44N/AN/A0060
2020-04-15$26.39$0.0038.7%11.1%45.4%26.9%0.0%4.9%-3.9%423-5.5K-270.00132.82N/AN/A0060
2020-04-16$26.91$0.0033.6%9.6%40.8%22.4%0.0%5.5%-2.4%453-6.0K-270.00120.09N/AN/A0060
2020-04-17$27.29$0.0032.1%9.2%39.0%21.1%0.0%5.8%0.9%499-6.7K-280.00121.91N/AN/A0060
2020-04-20$27.52$0.0030.4%8.7%37.9%19.5%28.9%4.7%-2.3%475-7.3K-280.33122.10N/AN/A3160
2020-04-21$26.59$18.0040.3%11.5%41.3%28.3%0.0%5.7%-5.1%501-9.5K-360.00129.99N/AN/A0091
2020-04-22$27.14$18.0039.6%11.4%34.5%27.7%0.0%2.6%-9.8%542-10.3K-370.00134.56N/AN/A0091
2020-04-23$27.05$18.0039.2%11.2%33.5%27.3%39.5%2.8%-12.5%502-10.5K-361.00127.94N/AN/A1191
2020-04-24$27.48$18.0033.9%9.7%33.4%22.6%0.0%8.4%1.1%581-10.7K-360.00126.43N/AN/A0091
2020-04-27$28.03$27.0038.0%10.9%33.8%26.2%0.0%0.7%-10.3%653-9.4K-360.00134.53N/AN/A1081
2020-04-28$27.71$27.0030.1%8.6%34.2%19.3%0.0%-9.1%-8.9%750-11.7K-390.00127.72N/AN/A0091
2020-04-29$28.06$27.0037.4%10.7%34.2%25.7%0.0%1.8%-7.6%784-11.7K-390.00133.12N/AN/A0091
2020-04-30$27.65$27.0039.3%11.3%31.5%27.4%0.0%4.9%-19.7%741-10.6K-390.00136.10N/AN/A2091