IHAK Options History — May 2023

In May 2023, IHAK traded between $32.70 and $37.19. ATM implied volatility averaged 28.3%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 6.3% (HV 20d: 22.0%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2023-05-02: Highest Volume — 23 contracts
  • 2023-05-22: Largest IV spike — 42.2% change
  • 2023-05-09: Highest IV Rank — 33.8%
  • 2023-05-03: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.80$32.70$37.19$33.45$37.19
Max Pain$34.00$34.00$34.00$34.00$34.00
ATM IV28.3%16.9%38.4%31.7%30.7%
Expected Move7.6%4.8%9.8%9.1%8.8%
HV 20d22.0%17.2%25.1%19.2%17.2%
HV 60d20.1%18.9%20.6%19.5%20.6%
IV Rank17.7%0.0%33.8%23.1%21.9%
IV Percentile21.6%0.0%53.2%31.0%32.9%
Term Structure-1.6%-14.2%17.0%-2.8%-7.8%
VWIV26.7%16.0%36.7%36.7%25.0%
Skew 25d2.8%-16.7%9.9%2.3%0.8%
Skew 10d6.4%-0.4%20.6%7.7%7.8%
Call IV 25d21.7%9.9%42.7%24.8%22.8%
Put IV 25d24.6%12.1%32.4%27.1%23.6%
Bid-Ask Spread %128.02106.50147.46144.58119.34
Gamma HHI0.200.140.270.160.26
Net GEX12.5K4.1K23.7K7.0K20.4K
Net DEX-93.8K-208.8K-7.2K-48.0K-206.3K
Net VEX-662-822-523-618-796
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.005.000.150.00
Total Volume4.045023019
Total OI191.364129218208160

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$33.45$34.0031.7%9.1%19.2%23.1%0.0%2.3%-2.8%7.0K-48.0K-6180.00144.58N/AN/A0018523
2023-05-02$32.79$34.0033.1%9.5%20.0%25.3%0.0%-16.7%-6.7%7.3K-38.4K-6160.15147.46N/AN/A20318523
2023-05-03$32.77$34.0034.1%9.8%20.0%26.9%36.7%8.8%-8.1%4.7K-22.8K-5680.50136.14N/AN/A2118226
2023-05-04$32.70$34.0036.2%6.4%19.5%30.2%35.7%4.4%-1.2%4.1K-7.2K-5230.00126.67N/AN/A0218327
2023-05-05$33.56$34.0032.0%7.8%22.2%23.6%0.0%4.2%-4.4%6.9K-39.9K-5980.00112.62N/AN/A0018329
2023-05-08$34.22$34.0030.6%6.9%23.6%21.3%0.0%6.7%6.4%9.8K-67.9K-6710.00106.50N/AN/A0018329
2023-05-09$34.02$34.0038.4%7.7%23.6%33.8%0.0%6.3%-14.2%8.7K-64.6K-6630.00120.46N/AN/A0018329
2023-05-10$34.77$34.0024.3%7.0%25.1%11.3%18.6%9.9%-1.0%14.7K-94.9K-6985.00113.91N/AN/A1518329
2023-05-11$34.68$34.0029.0%8.3%24.4%18.8%30.1%-4.6%-1.5%14.4K-90.9K-7320.00119.25N/AN/A0118432
2023-05-12$34.49$34.0029.2%8.4%24.4%19.1%0.0%3.9%-4.5%10.5K-57.8K-6250.00119.28N/AN/A0018433
2023-05-15$34.91$34.0027.3%7.8%24.9%16.0%0.0%-1.7%-6.1%15.7K-98.3K-6801.00136.11N/AN/A1118433
2023-05-16$34.70$34.0027.8%8.0%24.9%16.9%0.0%2.4%-9.7%14.0K-66.3K-6040.00131.56N/AN/A0018532
2023-05-17$34.99$34.0023.7%6.8%25.0%10.4%0.0%0.7%9.3%18.5K-95.2K-6190.00120.50N/AN/A0018532
2023-05-18$35.29$34.0020.1%5.8%24.9%4.6%0.0%0.2%17.0%22.4K-155.3K-7360.00141.94N/AN/A1018532
2023-05-19$35.40$34.0019.4%5.6%24.9%3.4%0.0%2.2%10.4%23.7K-141.6K-6330.00139.82N/AN/A0018632
2023-05-22$35.71$34.0027.6%7.9%24.8%16.5%0.0%5.2%-5.3%9.4K-96.8K-6220.00132.35N/AN/A0010524
2023-05-23$35.24$34.0016.9%4.8%18.9%0.0%16.0%0.5%2.1%8.6K-86.7K-6120.20127.52N/AN/A10210524
2023-05-24$35.44$34.0020.7%5.9%18.8%6.2%24.0%9.3%11.3%11.6K-105.7K-6800.00119.18N/AN/A0311626
2023-05-25$35.73$34.0027.7%7.9%18.6%17.3%28.9%9.8%-10.2%12.0K-109.6K-6900.00133.75N/AN/A1011629
2023-05-26$36.63$34.0027.3%7.8%19.6%16.5%25.4%2.4%-4.7%14.7K-161.4K-7540.00134.36N/AN/A13011729
2023-05-30$36.92$34.0034.0%9.8%19.5%27.2%0.0%5.5%-3.2%15.6K-208.8K-8220.00133.14N/AN/A3012929
2023-05-31$37.19$34.0030.7%8.8%17.2%21.9%25.0%0.8%-7.8%20.4K-206.3K-7960.00119.34N/AN/A19013129