IHAK Options History — March 2022

In March 2022, IHAK traded between $37.95 and $43.16. ATM implied volatility averaged 36.6%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 1.2% (HV 20d: 35.4%). Max pain ranged from $38.00 to $45.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.20.

Notable Days

2022-03-21: Highest Volume — 336 contracts
2022-03-08: Largest IV drop — 39.9% change
2022-03-07: Highest IV Rank — 92.1%
2022-03-07: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.01	$37.95	$43.16	$41.64	$42.93
Max Pain	$40.19	$38.00	$45.00	$40.00	$40.00
ATM IV	36.6%	24.8%	60.1%	39.5%	29.3%
Expected Move	10.5%	7.1%	17.2%	11.3%	7.5%
HV 20d	35.4%	29.4%	39.9%	33.2%	29.4%
HV 60d	29.7%	28.3%	30.7%	29.9%	30.4%
IV Rank	43.8%	19.5%	92.1%	49.8%	28.9%
IV Percentile	80.2%	38.9%	99.6%	93.3%	61.5%
Term Structure	-2.4%	-17.7%	13.1%	-9.5%	-0.7%
VWIV	38.8%	21.0%	60.5%	41.9%	39.3%
Skew 25d	4.0%	-15.6%	24.3%	12.4%	-8.8%
Skew 10d	15.2%	-11.4%	32.2%	30.5%	18.2%
Call IV 25d	35.4%	24.9%	48.5%	33.9%	41.4%
Put IV 25d	39.4%	26.6%	62.3%	46.3%	32.6%
Bid-Ask Spread %	102.01	77.83	176.11	94.57	89.96
Gamma HHI	0.25	0.16	0.33	0.24	0.32
Net GEX	52.4K	28.9K	90.6K	35.2K	90.6K
Net DEX	-670.9K	-1.2M	-238.7K	-579.1K	-1.1M
Net VEX	-3.2K	-4.2K	-2.5K	-2.8K	-3.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.04	0.38	0.24	0.38
Total Volume	216.696	112	336	244	128
Total OI	545.435	369	622	436	607

Daily Data (23 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
2022-03-01	$41.64	$40.00	39.5%	11.3%	33.2%	49.8%	41.9%	12.4%	-9.5%	35.2K	-579.1K	-2.8K	0.24	94.57	N/A	N/A	196	48	389	47
2022-03-02	$42.37	$40.00	31.9%	9.2%	33.6%	34.3%	34.8%	7.2%	-1.4%	40.5K	-632.2K	-2.9K	0.28	103.28	N/A	N/A	169	48	406	51
2022-03-03	$41.23	$40.00	37.3%	10.7%	35.1%	45.2%	40.6%	24.3%	-5.8%	39.9K	-594.2K	-2.8K	0.22	108.20	N/A	N/A	178	39	415	55
2022-03-04	$40.55	$40.00	51.3%	14.7%	35.0%	74.1%	47.9%	9.1%	2.5%	31.9K	-508.3K	-2.9K	0.22	103.14	N/A	N/A	180	39	426	56
2022-03-07	$39.57	$40.00	60.1%	17.2%	35.1%	92.1%	60.5%	18.9%	-3.2%	29.4K	-357.6K	-2.6K	0.21	120.94	N/A	N/A	189	39	422	56
2022-03-08	$38.94	$40.00	36.1%	15.9%	35.5%	42.8%	47.6%	7.7%	4.6%	28.9K	-314.4K	-2.6K	0.15	97.79	N/A	N/A	258	39	438	56
2022-03-09	$40.19	$40.00	40.4%	14.7%	37.2%	51.6%	52.5%	7.5%	-4.4%	43.3K	-512.4K	-3.1K	0.17	121.55	N/A	N/A	233	39	510	56
2022-03-10	$39.97	$40.00	32.7%	13.3%	36.2%	35.8%	44.6%	7.7%	-3.4%	44.1K	-469.2K	-3.0K	0.17	98.84	N/A	N/A	235	39	519	56
2022-03-11	$39.06	$40.00	39.2%	15.4%	37.0%	49.2%	56.4%	10.4%	-1.6%	40.3K	-416.3K	-2.9K	0.17	125.87	N/A	N/A	234	39	525	56
2022-03-14	$37.95	$40.00	42.4%	9.8%	37.6%	55.7%	30.5%	18.9%	-5.5%	31.4K	-238.7K	-2.5K	0.18	95.87	N/A	N/A	236	43	525	56
2022-03-15	$38.62	$40.00	34.1%	8.1%	38.3%	38.7%	27.9%	4.2%	-5.2%	33.1K	-300.0K	-2.6K	0.20	93.05	N/A	N/A	217	43	521	57
2022-03-16	$39.36	$40.00	34.5%	9.0%	38.4%	39.6%	28.7%	-1.6%	-1.4%	42.7K	-325.1K	-2.6K	0.20	93.40	N/A	N/A	218	43	525	57
2022-03-17	$40.53	$0.00	30.6%	11.3%	39.9%	31.4%	0.0%	-4.6%	13.1%	72.1K	-451.9K	-2.8K	0.19	176.11	N/A	N/A	227	43	534	57
2022-03-18	$41.45	$0.00	29.7%	8.3%	38.7%	29.6%	0.0%	-8.2%	8.3%	34.1K	-790.9K	-3.0K	0.16	113.16	N/A	N/A	270	43	557	56
2022-03-21	$41.30	$0.00	32.3%	7.9%	38.3%	35.0%	0.0%	0.2%	3.3%	31.6K	-490.9K	-2.8K	0.04	96.24	N/A	N/A	324	12	358	11
2022-03-22	$42.27	$0.00	24.8%	7.4%	38.8%	19.5%	0.0%	11.2%	-0.0%	70.9K	-908.4K	-3.9K	0.08	83.72	N/A	N/A	145	12	513	11
2022-03-23	$42.18	$0.00	31.3%	7.1%	37.6%	32.9%	0.0%	1.6%	-0.2%	71.6K	-953.6K	-3.9K	0.11	105.67	N/A	N/A	109	12	547	11
2022-03-24	$42.46	$0.00	37.1%	8.5%	32.5%	44.9%	0.0%	-15.6%	-8.5%	72.9K	-1.0M	-3.9K	0.12	77.95	N/A	N/A	100	12	568	11
2022-03-25	$42.09	$0.00	37.9%	8.9%	32.8%	46.4%	21.0%	-9.6%	-17.7%	73.6K	-1.0M	-4.2K	0.15	100.85	N/A	N/A	99	15	582	11
2022-03-28	$42.52	$45.00	39.8%	9.1%	31.2%	50.5%	27.6%	8.0%	-3.8%	76.4K	-1.1M	-4.0K	0.33	77.83	N/A	N/A	101	33	584	18
2022-03-29	$43.16	$38.00	33.1%	7.7%	31.6%	36.6%	27.2%	4.0%	-9.0%	90.0K	-1.2M	-4.0K	0.36	86.47	N/A	N/A	97	35	590	32
2022-03-30	$42.86	$40.00	36.0%	8.8%	31.2%	42.7%	31.4%	-11.8%	-4.6%	80.3K	-1.1M	-4.0K	0.38	81.69	N/A	N/A	91	35	573	34
2022-03-31	$42.93	$40.00	29.3%	7.5%	29.4%	28.9%	39.3%	-8.8%	-0.7%	90.6K	-1.1M	-3.9K	0.38	89.96	N/A	N/A	93	35	573	34