IHAK Options History — July 2020

In July 2020, IHAK traded between $31.72 and $33.58. ATM implied volatility averaged 52.2%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 30.1% (HV 20d: 22.1%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2020-07-06: Highest Volume — 88 contracts
  • 2020-07-15: Largest IV drop — 44.7% change
  • 2020-07-08: Highest IV Rank — 98.5%
  • 2020-07-07: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.52$31.72$33.58$31.78$33.58
Max Pain$32.09$32.00$33.00$33.00$32.00
ATM IV52.2%24.6%119.2%76.3%34.8%
Expected Move13.1%7.1%32.9%21.9%10.0%
HV 20d22.1%14.7%25.6%24.0%24.7%
HV 60d25.0%24.3%25.8%25.5%24.5%
IV Rank38.9%14.4%98.5%60.3%23.5%
IV Percentile53.1%15.2%99.6%94.1%35.7%
Term Structure-8.4%-69.6%18.5%1.3%-12.6%
VWIV31.7%27.6%39.2%39.2%34.2%
Skew 25d4.9%-11.5%34.5%12.0%-11.5%
Skew 10d17.8%-2.4%70.9%42.3%12.6%
Call IV 25d46.3%23.8%126.6%89.1%34.6%
Put IV 25d51.2%22.2%145.9%101.1%23.1%
Bid-Ask Spread %155.33133.67189.68189.04135.04
Gamma HHI0.430.240.520.260.46
Net GEX12.0K1.8K17.8K2.2K12.7K
Net DEX-204.4K-274.0K-59.9K-59.9K-264.3K
Net VEX-647-796-227-242-727
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.0017.000.000.00
Total Volume11.81808800
Total OI126.5453915539149

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$31.78$33.0076.3%21.9%24.0%60.3%0.0%12.0%1.3%2.2K-59.9K-2420.00189.04N/AN/A00390
2020-07-02$31.97$33.0076.6%22.0%22.2%60.6%0.0%12.6%2.6%2.5K-60.1K-2370.00187.47N/AN/A30390
2020-07-06$32.10$32.0093.5%24.5%22.0%75.6%39.2%34.5%-55.4%1.8K-66.0K-2270.00177.55N/AN/A880420
2020-07-07$31.90$32.00114.7%32.9%21.3%94.5%31.5%19.2%-69.6%9.6K-136.1K-5110.00184.43N/AN/A1301010
2020-07-08$32.48$32.00119.2%31.5%21.9%98.5%0.0%24.1%-53.9%8.4K-182.1K-5720.00189.68N/AN/A1001140
2020-07-09$32.99$32.0079.7%9.3%22.3%63.3%0.0%6.0%18.5%11.5K-220.7K-6740.00176.41N/AN/A101240
2020-07-10$32.85$32.0048.7%9.3%14.7%35.8%0.0%0.5%1.0%12.3K-217.5K-6680.00152.74N/AN/A101240
2020-07-13$31.75$32.0058.9%9.0%20.1%44.9%0.0%1.2%-1.4%11.8K-177.4K-6410.00146.15N/AN/A2001250
2020-07-14$31.80$32.0071.3%11.0%19.6%55.8%28.7%1.8%-7.7%13.6K-206.4K-7430.00144.70N/AN/A1001450
2020-07-15$32.00$32.0039.4%11.3%19.4%27.5%28.8%-5.4%-8.4%14.2K-242.4K-7960.00133.67N/AN/A6101550
2020-07-16$31.72$32.0028.7%8.2%19.8%18.0%0.0%0.3%-2.6%15.7K-215.1K-7630.00146.75N/AN/A001550
2020-07-17$32.12$32.0024.6%7.1%20.2%14.4%0.0%2.1%6.9%17.8K-227.8K-7680.00151.96N/AN/A001550
2020-07-20$33.11$32.0032.0%9.2%22.6%21.0%0.0%-0.7%0.2%17.0K-270.3K-7390.00148.53N/AN/A1001460
2020-07-21$32.97$32.0027.5%7.9%22.8%16.9%27.6%-1.3%3.9%17.4K-274.0K-7470.00138.71N/AN/A1001460
2020-07-22$33.22$32.0030.5%8.8%22.7%19.6%0.0%1.3%5.9%14.9K-263.4K-7000.00149.24N/AN/A001360
2020-07-23$32.76$32.0030.9%8.9%22.7%20.0%0.0%-1.9%-3.8%15.5K-248.8K-70017.00145.56N/AN/A1171360
2020-07-24$32.20$32.0031.3%9.0%23.8%20.3%0.0%2.9%-3.1%13.3K-201.8K-7940.00143.61N/AN/A0013717
2020-07-27$32.74$32.0033.8%9.7%24.2%22.5%34.2%1.0%-7.7%13.3K-229.3K-7740.00145.02N/AN/A12013717
2020-07-28$32.51$32.0029.4%8.4%24.4%18.6%0.0%-3.0%3.0%12.6K-213.8K-7460.00135.30N/AN/A0013117
2020-07-29$33.45$32.0034.8%10.0%25.6%23.4%0.0%2.6%2.4%13.1K-258.0K-7160.00147.40N/AN/A3013117
2020-07-30$33.54$32.0031.8%9.1%24.7%20.7%0.0%9.3%-5.5%11.7K-261.2K-7520.00148.34N/AN/A0013217
2020-07-31$33.58$32.0034.8%10.0%24.7%23.5%0.0%-11.5%-12.6%12.7K-264.3K-7270.00135.04N/AN/A0013217