IHAK Options History — May 2020

In May 2020, IHAK traded between $26.96 and $30.99. ATM implied volatility averaged 35.2%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 6.8% (HV 20d: 28.3%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.15.

Notable Days

2020-05-13: Highest Volume — 37 contracts
2020-05-13: Largest IV drop — 51.6% change
2020-05-12: Highest IV Rank — 41.8%
2020-05-01: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.09	$26.96	$30.99	$26.96	$30.99
Max Pain	$27.00	$27.00	$27.00	$27.00	$27.00
ATM IV	35.2%	23.3%	55.5%	35.2%	29.9%
Expected Move	8.6%	6.7%	10.1%	10.1%	8.6%
HV 20d	28.3%	25.0%	33.4%	33.4%	26.1%
HV 60d	43.6%	42.4%	44.7%	43.0%	42.7%
IV Rank	23.7%	13.1%	41.8%	23.8%	19.1%
IV Percentile	37.5%	16.1%	80.5%	32.0%	25.4%
Term Structure	10.1%	-13.4%	83.1%	-6.8%	7.3%
VWIV	26.0%	17.8%	32.7%	17.8%	32.7%
Skew 25d	2.1%	-9.5%	9.1%	3.8%	7.8%
Skew 10d	0.9%	-10.4%	15.6%	4.2%	15.6%
Call IV 25d	30.6%	23.9%	37.4%	34.9%	28.6%
Put IV 25d	32.7%	26.3%	38.7%	38.7%	36.4%
Bid-Ask Spread %	126.03	117.92	133.55	125.66	128.53
Gamma HHI	0.46	0.23	0.62	0.54	0.36
Net GEX	-378	-5.5K	1.2K	945	584
Net DEX	-18.3K	-47.2K	9.7K	-10.1K	-47.2K
Net VEX	-107	-225	-41	-44	-124
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.15	0.00	0.75	0.00	0.00
Total Volume	2.7	0	37	0	0
Total OI	37.6	12	61	12	59

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2020-05-01	$26.96	$27.00	35.2%	10.1%	33.4%	23.8%	0.0%	3.8%	-6.8%	945	-10.1K	-44	0.00	125.66	N/A	N/A	0	0	11	1
2020-05-04	$27.24	$27.00	45.2%	8.8%	32.9%	32.6%	0.0%	4.2%	-3.3%	969	-11.1K	-43	0.00	133.55	N/A	N/A	0	0	11	1
2020-05-05	$27.76	$27.00	42.7%	8.1%	27.4%	30.4%	0.0%	2.9%	5.5%	843	-14.0K	-45	0.00	128.30	N/A	N/A	0	0	11	1
2020-05-06	$28.22	$27.00	40.1%	9.4%	27.4%	28.1%	0.0%	9.1%	-1.7%	925	-15.8K	-44	0.00	123.33	N/A	N/A	1	0	11	1
2020-05-07	$29.29	$27.00	46.3%	9.8%	29.0%	33.7%	0.0%	9.0%	15.7%	835	-20.7K	-42	0.00	123.25	N/A	N/A	0	0	11	1
2020-05-08	$29.41	$27.00	42.4%	10.0%	29.0%	30.1%	17.8%	3.1%	-13.4%	797	-21.2K	-41	0.75	123.36	N/A	N/A	4	3	11	1
2020-05-11	$29.80	$27.00	48.4%	7.6%	29.0%	35.5%	24.3%	4.3%	-2.2%	1.2K	-28.1K	-44	0.00	124.03	N/A	N/A	5	0	14	3
2020-05-12	$29.22	$27.00	55.5%	7.9%	29.0%	41.8%	0.0%	-3.8%	-2.5%	1.2K	-22.8K	-46	0.00	128.58	N/A	N/A	0	0	16	3
2020-05-13	$28.44	$27.00	26.9%	7.7%	30.9%	16.4%	29.2%	3.8%	12.7%	1.2K	-17.8K	-43	0.00	117.92	N/A	N/A	0	37	16	3
2020-05-14	$28.73	$27.00	28.3%	8.1%	30.4%	17.6%	0.0%	2.8%	83.1%	-3.0K	9.7K	-143	0.00	128.09	N/A	N/A	0	0	16	40
2020-05-15	$29.03	$27.00	29.5%	8.4%	30.3%	18.7%	0.0%	0.2%	76.9%	-5.5K	2.2K	-136	0.00	130.75	N/A	N/A	0	0	16	40
2020-05-18	$29.27	$27.00	28.7%	8.2%	30.3%	18.0%	0.0%	-3.0%	23.3%	-1.4K	-4.2K	-118	0.00	120.63	N/A	N/A	0	0	12	37
2020-05-19	$29.32	$27.00	28.4%	8.1%	26.9%	17.7%	0.0%	3.1%	3.1%	-1.9K	-5.7K	-109	0.00	131.99	N/A	N/A	2	0	12	37
2020-05-20	$29.68	$27.00	33.5%	9.6%	26.4%	22.2%	32.7%	4.7%	5.6%	-760	-22.3K	-225	0.00	127.35	N/A	N/A	2	0	24	37
2020-05-21	$29.53	$27.00	23.3%	6.7%	26.5%	13.1%	0.0%	3.6%	0.0%	-1.1K	-27.6K	-179	0.00	123.59	N/A	N/A	0	0	22	37
2020-05-22	$29.66	$27.00	31.9%	9.2%	26.1%	20.9%	0.0%	-9.5%	-5.2%	-873	-20.2K	-206	0.00	123.14	N/A	N/A	0	0	22	37
2020-05-26	$29.73	$27.00	27.1%	7.8%	25.4%	16.5%	0.0%	-0.8%	-1.0%	-367	-27.9K	-175	0.00	124.03	N/A	N/A	0	0	22	37
2020-05-27	$29.62	$27.00	28.7%	8.2%	25.0%	18.0%	0.0%	-5.1%	-1.1%	-1.2K	-30.0K	-161	0.00	125.48	N/A	N/A	0	0	22	37
2020-05-28	$29.99	$27.00	31.5%	9.0%	25.0%	20.5%	0.0%	2.3%	5.8%	-971	-30.8K	-170	0.00	129.00	N/A	N/A	0	0	22	37
2020-05-29	$30.99	$27.00	29.9%	8.6%	26.1%	19.1%	0.0%	7.8%	7.3%	584	-47.2K	-124	0.00	128.53	N/A	N/A	0	0	22	37