IHAK Options History — September 2023

In September 2023, IHAK traded between $37.88 and $39.89. ATM implied volatility averaged 23.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 5.1% (HV 20d: 17.9%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.77.

Notable Days

2023-09-19: Highest Volume — 15 contracts
2023-09-11: Largest IV spike — 245.1% change
2023-09-11: Highest IV Rank — 40.2%
2023-09-01: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.06	$37.88	$39.89	$39.84	$38.49
Max Pain	$37.90	$36.00	$38.00	$36.00	$38.00
ATM IV	23.0%	11.3%	38.9%	28.4%	27.8%
Expected Move	6.2%	3.4%	8.2%	8.2%	8.0%
HV 20d	17.9%	14.6%	19.9%	19.3%	14.6%
HV 60d	19.8%	19.1%	20.3%	20.3%	19.1%
IV Rank	16.9%	0.0%	40.2%	24.3%	24.2%
IV Percentile	22.0%	0.0%	74.6%	40.1%	42.1%
Term Structure	-2.1%	-16.9%	9.1%	-16.9%	-5.2%
VWIV	15.4%	12.4%	19.6%	14.8%	19.6%
Skew 25d	3.8%	-5.0%	11.5%	-1.8%	11.5%
Skew 10d	4.1%	-8.1%	14.3%	3.5%	-4.8%
Call IV 25d	17.4%	13.3%	23.4%	18.9%	15.5%
Put IV 25d	21.1%	16.3%	29.6%	17.1%	27.1%
Bid-Ask Spread %	134.31	119.90	145.00	127.63	135.95
Gamma HHI	0.23	0.16	0.63	0.21	0.18
Net GEX	23.6K	5.7K	67.7K	33.3K	7.9K
Net DEX	-262.9K	-456.8K	-89.2K	-436.2K	-120.3K
Net VEX	-721	-874	-596	-842	-664
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.77	0.00	14.00	0.00	0.00
Total Volume	1.9	0	15	0	0
Total OI	196.05	118	258	249	141

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
2023-09-01	$39.84	$36.00	28.4%	8.2%	19.3%	24.3%	0.0%	-1.8%	-16.9%	33.3K	-436.2K	-842	0.00	127.63	N/A	N/A	0	0	183	66
2023-09-05	$39.84	$38.00	29.8%	4.1%	19.3%	26.3%	14.8%	6.2%	1.3%	34.4K	-439.5K	-790	0.00	129.53	N/A	N/A	6	0	183	66
2023-09-06	$39.77	$38.00	25.4%	3.6%	18.1%	19.8%	0.0%	3.4%	6.2%	36.3K	-426.2K	-812	0.00	124.36	N/A	N/A	0	0	189	66
2023-09-07	$39.28	$38.00	14.0%	6.5%	18.9%	2.9%	17.4%	1.3%	-0.5%	36.0K	-363.0K	-827	0.00	119.90	N/A	N/A	3	0	189	66
2023-09-08	$39.23	$38.00	11.3%	6.3%	18.7%	0.0%	0.0%	-5.0%	-4.8%	24.7K	-364.0K	-874	0.00	145.00	N/A	N/A	0	0	192	66
2023-09-11	$39.89	$38.00	38.9%	5.8%	19.4%	40.2%	0.0%	0.7%	-11.6%	34.0K	-456.8K	-734	0.00	135.51	N/A	N/A	2	0	192	66
2023-09-12	$39.47	$38.00	20.9%	6.7%	19.9%	14.1%	0.0%	7.6%	-0.9%	42.5K	-386.8K	-727	0.00	128.28	N/A	N/A	0	0	190	66
2023-09-13	$39.42	$38.00	23.5%	6.7%	19.5%	17.8%	0.0%	4.1%	-5.2%	44.9K	-383.1K	-677	0.00	138.30	N/A	N/A	0	0	190	66
2023-09-14	$39.75	$38.00	15.4%	4.4%	19.2%	6.0%	12.8%	11.0%	9.1%	39.8K	-417.1K	-679	0.00	133.47	N/A	N/A	1	0	190	66
2023-09-15	$39.17	$38.00	21.6%	6.2%	18.3%	15.1%	0.0%	7.8%	-1.1%	67.7K	-377.6K	-643	0.00	128.68	N/A	N/A	1	0	191	66
2023-09-18	$39.26	$38.00	19.1%	5.5%	18.2%	11.4%	12.4%	3.5%	-3.7%	10.1K	-161.8K	-596	0.14	144.22	N/A	N/A	7	1	94	24
2023-09-19	$39.14	$38.00	11.8%	3.4%	16.4%	0.8%	0.0%	3.9%	0.1%	9.9K	-152.2K	-660	14.00	138.41	N/A	N/A	1	14	101	25
2023-09-20	$39.19	$38.00	21.4%	6.1%	16.3%	14.8%	0.0%	2.0%	-0.9%	10.1K	-156.8K	-707	0.00	136.91	N/A	N/A	0	0	102	39
2023-09-21	$38.28	$38.00	23.8%	6.8%	17.7%	18.3%	0.0%	9.4%	-2.4%	8.1K	-121.8K	-715	0.00	134.07	N/A	N/A	0	0	102	39
2023-09-22	$38.48	$38.00	25.9%	7.4%	16.9%	21.3%	0.0%	3.3%	-5.9%	7.1K	-109.8K	-721	0.00	137.40	N/A	N/A	0	0	102	39
2023-09-25	$38.30	$38.00	24.5%	7.0%	16.3%	19.3%	19.6%	-0.7%	0.9%	6.7K	-102.7K	-693	0.00	141.03	N/A	N/A	2	0	102	39
2023-09-26	$37.88	$38.00	25.1%	7.2%	16.7%	20.1%	0.0%	8.2%	-2.3%	6.8K	-89.2K	-692	0.00	136.42	N/A	N/A	0	0	102	39
2023-09-27	$38.09	$38.00	25.6%	7.3%	16.6%	20.9%	0.0%	-0.2%	-2.3%	5.7K	-98.4K	-694	0.00	135.79	N/A	N/A	0	0	102	39
2023-09-28	$38.36	$38.00	25.4%	7.3%	16.7%	20.6%	0.0%	-1.1%	4.3%	5.9K	-93.9K	-676	0.00	135.34	N/A	N/A	0	0	102	39
2023-09-29	$38.49	$38.00	27.8%	8.0%	14.6%	24.2%	0.0%	11.5%	-5.2%	7.9K	-120.3K	-664	0.00	135.95	N/A	N/A	0	0	102	39