IHAK Options History — August 2020

In August 2020, IHAK traded between $32.53 and $34.59. ATM implied volatility averaged 31.3%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 11.0% (HV 20d: 20.2%). Max pain ranged from $32.00 to $32.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.01.

Notable Days

  • 2020-08-04: Highest Volume — 290 contracts
  • 2020-08-19: Largest IV spike — 33.2% change
  • 2020-08-31: Highest IV Rank — 25.5%
  • 2020-08-31: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.66$32.53$34.59$34.02$34.59
Max Pain$32.00$32.00$32.00$32.00$32.00
ATM IV31.3%22.3%37.1%28.0%37.1%
Expected Move8.6%6.3%10.6%8.0%10.6%
HV 20d20.2%14.6%25.0%25.0%14.6%
HV 60d22.5%20.7%23.5%23.5%20.7%
IV Rank20.3%12.3%25.5%17.3%25.5%
IV Percentile27.3%11.9%46.4%18.2%46.4%
Term Structure-0.9%-9.2%10.4%1.0%-7.2%
VWIV31.8%20.9%43.8%43.2%25.1%
Skew 25d0.8%-4.9%4.4%0.4%-3.9%
Skew 10d3.4%-10.7%12.2%7.6%-0.7%
Call IV 25d31.7%22.9%41.5%38.7%41.5%
Put IV 25d32.6%25.1%40.2%39.1%37.6%
Bid-Ask Spread %126.60116.59146.93138.20125.52
Gamma HHI0.690.430.910.430.47
Net GEX82.2K8.3K222.0K10.9K8.3K
Net DEX-715.0K-1.2M-251.9K-281.8K-285.4K
Net VEX-1.0K-1.7K-421-707-421
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.180.000.00
Total Volume44.95202901160
Total OI390.571129596149130

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$34.02$32.0028.0%8.0%25.0%17.3%43.2%0.4%1.0%10.9K-281.8K-7070.00138.20N/AN/A116013217
2020-08-04$34.05$32.0035.2%10.1%24.7%23.8%43.8%0.4%-9.2%26.7K-489.8K-9390.00146.93N/AN/A290022517
2020-08-05$34.25$32.0032.2%9.2%24.1%21.1%38.6%4.4%1.8%76.3K-1.2M-1.6K0.00137.00N/AN/A36051517
2020-08-06$33.92$32.0034.1%7.7%24.0%22.8%0.0%3.8%1.9%78.9K-1.1M-1.6K0.00122.31N/AN/A51051517
2020-08-07$33.47$32.0036.3%8.3%24.5%24.7%0.0%2.4%-5.1%111.1K-1.1M-1.7K0.00122.20N/AN/A37056117
2020-08-10$32.89$32.0031.0%8.4%21.9%20.0%0.0%3.4%1.5%148.4K-840.0K-1.6K0.00123.00N/AN/A0057917
2020-08-11$32.53$32.0030.8%6.3%22.4%19.8%22.8%2.9%1.7%119.1K-790.7K-1.6K0.18122.30N/AN/A11257917
2020-08-12$32.58$32.0030.0%8.6%22.3%19.1%28.0%3.9%-1.2%129.0K-708.2K-1.5K0.00125.67N/AN/A9057719
2020-08-13$33.02$32.0030.6%8.8%22.4%19.7%0.0%2.6%-1.0%170.0K-879.8K-1.5K0.00125.61N/AN/A16057219
2020-08-14$32.85$32.0030.4%8.7%22.2%19.5%0.0%2.9%-1.1%222.0K-709.4K-1.3K0.00124.53N/AN/A4056219
2020-08-17$33.10$32.0028.3%8.1%19.6%17.6%0.0%1.8%3.3%205.3K-1.0M-1.2K0.00116.59N/AN/A218055819
2020-08-18$33.39$32.0022.3%6.4%19.7%12.3%0.0%3.5%8.7%149.5K-1.0M-9730.00125.44N/AN/A1047119
2020-08-19$33.53$32.0029.7%8.5%19.6%18.9%0.0%-1.5%-5.3%132.2K-1.1M-8810.00126.13N/AN/A24047119
2020-08-20$33.90$32.0033.6%9.6%19.2%22.3%0.0%-3.1%-6.1%77.4K-1.0M-7790.00120.66N/AN/A55044119
2020-08-21$33.65$32.0029.3%8.4%18.2%18.6%20.9%-4.4%-3.4%11.3K-1.2M-5670.00127.38N/AN/A68039419
2020-08-24$33.85$32.0031.4%9.0%17.4%20.4%0.0%4.2%-4.9%10.5K-251.9K-4890.00125.99N/AN/A0011119
2020-08-25$33.93$32.0031.6%9.1%17.1%20.6%0.0%-4.9%-4.6%11.0K-258.7K-4730.00127.18N/AN/A1011119
2020-08-26$34.52$32.0029.0%8.3%15.2%18.3%25.1%3.0%3.7%8.6K-286.7K-4400.00126.36N/AN/A4011219
2020-08-27$34.44$32.0035.4%10.1%15.2%23.9%0.0%-0.3%-3.9%9.0K-276.5K-4350.00125.36N/AN/A0011019
2020-08-28$34.45$32.0030.1%8.6%15.2%19.3%0.0%-4.7%10.4%9.6K-270.0K-4340.00124.18N/AN/A1011019
2020-08-31$34.59$32.0037.1%10.6%14.6%25.5%0.0%-3.9%-7.2%8.3K-285.4K-4210.00125.52N/AN/A0011119