IHAK Options History — March 2021

In March 2021, IHAK traded between $37.49 and $40.56. ATM implied volatility averaged 35.0%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 6.0% (HV 20d: 29.0%). Max pain ranged from $35.00 to $39.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-03-15: Highest Volume — 53 contracts
  • 2021-03-22: Largest IV spike — 42.4% change
  • 2021-03-22: Highest IV Rank — 24.4%
  • 2021-03-22: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.89$37.49$40.56$40.56$38.39
Max Pain$36.91$35.00$39.00$35.00$38.00
ATM IV35.0%26.7%47.0%35.3%30.0%
Expected Move9.8%7.7%13.5%10.1%8.6%
HV 20d29.0%24.2%32.7%24.2%27.2%
HV 60d25.8%25.1%26.7%25.3%25.4%
IV Rank13.2%5.4%24.4%13.4%8.5%
IV Percentile38.6%2.8%81.7%40.5%16.7%
Term Structure-0.8%-10.0%7.7%-3.0%1.9%
VWIV33.9%23.8%47.8%47.8%25.7%
Skew 25d4.0%-7.5%27.6%10.4%0.5%
Skew 10d5.3%-12.5%39.9%6.1%12.1%
Call IV 25d31.9%23.3%41.6%41.6%28.6%
Put IV 25d36.0%23.5%54.6%52.0%29.2%
Bid-Ask Spread %118.56102.01177.07107.30134.66
Gamma HHI0.210.140.330.230.15
Net GEX40.0K16.9K67.3K46.4K18.9K
Net DEX-646.6K-1.0M-212.5K-1.0M-212.5K
Net VEX-2.9K-3.5K-1.9K-3.5K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.005.000.000.50
Total Volume11.47805333
Total OI571449687580466

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$40.56$35.0035.3%10.1%24.2%13.4%47.8%10.4%-3.0%46.4K-1.0M-3.5K0.00107.30N/AN/A3053050
2021-03-02$39.92$35.0037.7%10.8%24.2%15.7%33.2%6.5%1.8%48.1K-957.7K-3.4K0.00109.52N/AN/A18053150
2021-03-03$38.76$35.0034.5%9.9%25.4%12.7%36.0%9.2%-3.7%47.1K-755.9K-3.2K0.00106.89N/AN/A4054750
2021-03-04$37.69$39.0036.5%10.2%26.0%14.6%0.0%4.7%-0.4%38.4K-613.0K-2.9K0.00110.41N/AN/A4054950
2021-03-05$37.67$39.0038.1%9.6%25.4%16.1%0.0%1.7%3.0%36.9K-564.5K-2.8K0.00104.37N/AN/A1055250
2021-03-08$37.49$39.0043.9%10.4%24.9%21.4%0.0%5.3%0.7%36.9K-498.8K-2.7K0.03119.99N/AN/A31154050
2021-03-09$38.93$39.0044.1%10.0%29.1%21.6%33.5%5.1%1.1%50.3K-792.2K-3.1K0.08108.18N/AN/A12157151
2021-03-10$38.79$36.0033.3%9.5%27.9%11.6%23.8%6.6%3.7%53.8K-783.5K-3.0K5.00116.47N/AN/A63057052
2021-03-11$40.01$36.0036.4%10.4%30.6%14.4%0.0%3.6%-3.4%60.0K-945.4K-3.5K0.13103.61N/AN/A8157582
2021-03-12$39.74$36.0034.7%10.0%30.6%12.9%0.0%0.5%0.4%61.7K-889.3K-3.3K0.00102.01N/AN/A1057583
2021-03-15$40.03$36.0033.0%9.5%30.7%11.3%0.0%-2.1%1.9%54.8K-969.5K-3.3K0.00121.03N/AN/A53057483
2021-03-16$40.07$36.0034.7%10.0%30.6%12.9%0.0%-0.7%-3.6%64.0K-1.0M-3.4K0.00108.28N/AN/A27060383
2021-03-17$39.93$36.0032.7%9.4%30.4%11.0%0.0%-0.4%-0.6%67.3K-982.2K-3.4K0.00109.10N/AN/A5060483
2021-03-18$38.61$36.0026.7%7.7%32.3%5.4%0.0%2.2%7.7%54.9K-659.4K-3.0K0.00122.48N/AN/A4059083
2021-03-19$39.03$36.0033.0%9.5%32.5%11.3%0.0%2.2%4.0%16.9K-583.0K-2.9K0.00114.13N/AN/A13059083
2021-03-22$39.48$36.0047.0%13.5%31.7%24.4%0.0%27.6%-7.5%25.9K-505.8K-2.9K0.00177.07N/AN/A0040346
2021-03-23$38.99$36.0027.5%7.9%31.8%6.2%32.9%7.5%-3.3%28.8K-454.6K-2.8K2.00128.42N/AN/A1240346
2021-03-24$38.10$38.0038.6%11.1%32.7%16.6%40.7%-7.5%-10.0%26.3K-375.3K-2.5K1.44119.50N/AN/A91340248
2021-03-25$38.12$38.0031.1%8.9%31.0%9.6%0.0%-2.5%-1.2%20.3K-295.0K-2.4K0.00135.68N/AN/A0039761
2021-03-26$38.08$38.0029.8%8.6%31.0%8.4%0.0%1.0%-1.6%21.1K-328.5K-2.6K0.00117.94N/AN/A2039761
2021-03-29$38.09$38.0033.5%9.6%28.9%11.8%0.0%7.7%-2.5%21.4K-334.5K-2.5K0.00129.66N/AN/A6039761
2021-03-30$37.90$38.0032.3%9.3%28.5%10.7%31.7%3.4%-4.7%19.8K-321.2K-2.5K1.50120.17N/AN/A2340061
2021-03-31$38.39$38.0030.0%8.6%27.2%8.5%25.7%0.5%1.9%18.9K-212.5K-1.9K0.50134.66N/AN/A2140264