IHAK Options History — January 2023

In January 2023, IHAK traded between $32.17 and $34.30. ATM implied volatility averaged 32.0%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 10.4% (HV 20d: 21.5%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.17.

Notable Days

2023-01-09: Highest Volume — 158 contracts
2023-01-23: Largest IV spike — 50.4% change
2023-01-10: Highest IV Rank — 41.0%
2023-01-04: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.22	$32.17	$34.30	$33.03	$34.07
Max Pain	$30.50	$30.00	$33.00	$33.00	$33.00
ATM IV	32.0%	18.8%	46.0%	35.1%	28.1%
Expected Move	8.6%	5.4%	11.3%	10.1%	8.1%
HV 20d	21.5%	18.6%	24.5%	24.2%	18.9%
HV 60d	28.4%	26.8%	31.1%	31.1%	26.8%
IV Rank	18.6%	0.0%	41.0%	21.9%	15.4%
IV Percentile	25.2%	0.0%	81.3%	34.1%	8.3%
Term Structure	-4.1%	-10.5%	4.0%	-1.5%	-5.1%
VWIV	34.4%	25.2%	38.7%	38.7%	28.5%
Skew 25d	3.3%	-5.2%	14.9%	-0.1%	-3.5%
Skew 10d	9.2%	-9.6%	28.0%	-9.6%	5.2%
Call IV 25d	23.2%	15.1%	31.8%	31.8%	30.7%
Put IV 25d	26.6%	14.5%	36.4%	31.7%	27.3%
Bid-Ask Spread %	129.91	94.90	156.20	134.22	120.33
Gamma HHI	0.25	0.18	0.35	0.21	0.23
Net GEX	6.6K	3.8K	11.9K	5.8K	6.5K
Net DEX	-52.2K	-81.2K	-28.2K	-58.1K	-67.3K
Net VEX	-344	-402	-284	-395	-371
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	1.03	0.00	0.00
Total Volume	11.1	0	158	0	1
Total OI	120.2	99	146	114	146

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
2023-01-03	$33.03	$33.00	35.1%	10.1%	24.2%	21.9%	0.0%	-0.1%	-1.5%	5.8K	-58.1K	-395	0.00	134.22	N/A	N/A	0	0	96	18
2023-01-04	$33.02	$33.00	39.2%	11.3%	22.6%	29.1%	0.0%	0.2%	-4.3%	5.8K	-58.8K	-391	0.00	128.12	N/A	N/A	0	0	96	18
2023-01-05	$32.17	$30.00	40.3%	9.3%	23.8%	30.9%	0.0%	4.8%	-4.9%	4.1K	-28.2K	-319	0.00	94.90	N/A	N/A	0	0	96	18
2023-01-06	$32.61	$30.00	35.1%	7.6%	24.5%	21.8%	0.0%	12.8%	-10.5%	3.8K	-39.7K	-346	0.00	122.48	N/A	N/A	6	0	96	18
2023-01-09	$32.67	$30.00	42.2%	9.6%	24.0%	34.4%	0.0%	7.0%	-4.2%	5.1K	-39.0K	-321	1.03	117.76	N/A	N/A	78	80	96	18
2023-01-10	$32.66	$30.00	46.0%	8.8%	23.9%	41.0%	0.0%	2.1%	2.5%	5.6K	-40.5K	-384	0.00	122.81	N/A	N/A	0	0	108	21
2023-01-11	$32.67	$30.00	25.1%	7.2%	23.2%	4.4%	0.0%	13.4%	-6.8%	5.6K	-35.4K	-337	0.00	120.20	N/A	N/A	1	0	108	21
2023-01-12	$32.76	$30.00	30.7%	8.8%	22.3%	14.1%	0.0%	10.2%	-0.8%	5.3K	-49.7K	-402	0.00	145.90	N/A	N/A	0	2	107	21
2023-01-13	$33.01	$30.00	26.5%	7.6%	22.6%	6.7%	0.0%	10.6%	0.9%	7.1K	-46.7K	-373	0.00	133.23	N/A	N/A	0	0	107	23
2023-01-17	$33.49	$30.00	32.7%	9.4%	20.6%	17.7%	38.7%	0.6%	-5.0%	11.9K	-59.1K	-331	0.00	127.71	N/A	N/A	2	0	107	23
2023-01-18	$33.02	$30.00	31.1%	8.9%	21.1%	14.8%	38.0%	14.9%	-4.6%	7.3K	-48.3K	-317	0.00	142.94	N/A	N/A	1	0	107	23
2023-01-19	$32.78	$30.00	22.3%	6.4%	19.6%	0.0%	0.0%	-5.2%	4.0%	6.5K	-41.1K	-294	0.00	129.67	N/A	N/A	0	1	108	23
2023-01-20	$33.30	$30.00	18.8%	5.4%	20.1%	0.0%	0.0%	-1.4%	-3.8%	8.4K	-52.5K	-284	0.00	135.92	N/A	N/A	1	0	108	23
2023-01-23	$33.86	$30.00	28.2%	8.1%	21.0%	15.5%	25.2%	-2.3%	-9.2%	7.7K	-62.1K	-307	0.00	156.20	N/A	N/A	1	0	89	10
2023-01-24	$33.64	$30.00	28.9%	8.3%	19.9%	16.6%	0.0%	-1.6%	-7.5%	8.1K	-68.7K	-343	0.00	124.19	N/A	N/A	0	2	90	10
2023-01-25	$33.54	$30.00	28.0%	8.0%	19.9%	15.2%	0.0%	1.1%	-5.4%	7.4K	-50.5K	-286	0.00	134.79	N/A	N/A	0	0	90	12
2023-01-26	$34.09	$30.00	30.0%	8.6%	20.4%	18.4%	37.5%	-2.7%	-4.3%	7.5K	-70.9K	-336	0.50	151.79	N/A	N/A	2	1	90	12
2023-01-27	$34.30	$30.00	34.7%	10.0%	19.8%	26.2%	38.2%	-3.8%	-2.4%	7.4K	-81.2K	-385	0.00	139.28	N/A	N/A	0	41	90	13
2023-01-30	$33.68	$31.00	36.3%	10.4%	18.6%	28.7%	28.5%	9.2%	-9.2%	4.8K	-46.2K	-349	0.00	115.73	N/A	N/A	0	2	90	54
2023-01-31	$34.07	$33.00	28.1%	8.1%	18.9%	15.4%	0.0%	-3.5%	-5.1%	6.5K	-67.3K	-371	0.00	120.33	N/A	N/A	1	0	90	56