IHAK Options History — December 2023

In December 2023, IHAK traded between $42.50 and $45.73. ATM implied volatility averaged 24.4%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 11.1% (HV 20d: 13.3%). Max pain ranged from $37.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.11.

Notable Days

2023-12-22: Highest Volume — 41 contracts
2023-12-13: Largest IV drop — 58.5% change
2023-12-12: Highest IV Rank — 53.2%
2023-12-29: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.39	$42.50	$45.73	$42.50	$45.42
Max Pain	$39.00	$37.00	$40.00	$37.00	$40.00
ATM IV	24.4%	16.1%	47.8%	19.6%	24.9%
Expected Move	5.7%	4.6%	7.1%	5.6%	7.1%
HV 20d	13.3%	10.3%	17.4%	17.4%	11.6%
HV 60d	18.3%	17.4%	19.1%	19.0%	17.4%
IV Rank	19.2%	7.0%	53.2%	12.1%	19.9%
IV Percentile	31.2%	2.8%	97.6%	7.5%	38.1%
Term Structure	-0.5%	-9.7%	15.3%	-9.7%	-4.4%
VWIV	17.2%	13.6%	27.3%	27.3%	15.0%
Skew 25d	3.2%	-2.2%	9.1%	-1.7%	2.4%
Skew 10d	6.6%	-8.4%	20.5%	20.5%	6.1%
Call IV 25d	17.5%	12.7%	27.4%	27.4%	16.9%
Put IV 25d	20.7%	16.6%	25.6%	25.6%	19.3%
Bid-Ask Spread %	139.45	119.69	153.63	130.87	145.69
Gamma HHI	0.28	0.18	0.42	0.35	0.18
Net GEX	23.4K	7.0K	40.1K	40.1K	31.7K
Net DEX	-511.0K	-793.1K	-241.5K	-513.1K	-450.4K
Net VEX	-598	-1.1K	-374	-436	-986
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.00	0.00	0.00
Total Volume	11.2	0	41	2	3
Total OI	179.2	94	245	198	192

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
2023-12-01	$42.50	$37.00	19.6%	5.6%	17.4%	12.1%	27.3%	-1.7%	-9.7%	40.1K	-513.1K	-436	0.00	130.87	N/A	N/A	2	0	162	36
2023-12-04	$42.86	$39.00	24.7%	5.9%	16.4%	19.6%	20.2%	-2.2%	-3.5%	30.5K	-558.7K	-374	0.00	146.16	N/A	N/A	3	0	163	36
2023-12-05	$42.80	$39.00	26.5%	5.5%	15.7%	22.2%	0.0%	-1.0%	-4.2%	25.6K	-563.2K	-384	1.00	147.22	N/A	N/A	1	1	166	36
2023-12-06	$43.08	$39.00	28.5%	5.7%	15.5%	25.2%	14.5%	6.4%	-2.9%	29.5K	-569.4K	-445	0.00	143.20	N/A	N/A	17	0	167	37
2023-12-07	$42.98	$39.00	26.4%	5.8%	15.5%	22.1%	0.0%	9.1%	0.5%	26.3K	-588.6K	-383	0.00	147.33	N/A	N/A	0	0	169	37
2023-12-08	$43.33	$39.00	31.2%	5.8%	15.4%	29.1%	0.0%	6.0%	-1.9%	29.9K	-603.2K	-392	0.00	139.96	N/A	N/A	6	0	169	37
2023-12-11	$43.74	$39.00	44.2%	6.1%	14.8%	48.0%	0.0%	2.4%	-0.3%	19.7K	-667.6K	-384	0.00	153.63	N/A	N/A	6	0	174	37
2023-12-12	$44.06	$39.00	47.8%	5.6%	14.6%	53.2%	0.0%	1.4%	-1.3%	21.5K	-681.8K	-433	0.00	144.97	N/A	N/A	6	0	180	37
2023-12-13	$44.67	$39.00	19.8%	5.7%	12.1%	12.5%	0.0%	6.3%	-2.7%	17.8K	-729.0K	-450	0.00	142.16	N/A	N/A	0	0	186	37
2023-12-14	$44.64	$39.00	16.1%	4.6%	11.5%	7.0%	13.6%	5.5%	4.6%	7.0K	-771.1K	-392	0.00	119.69	N/A	N/A	22	0	186	37
2023-12-15	$44.95	$39.00	19.8%	5.7%	10.5%	12.4%	13.6%	1.6%	-1.9%	25.0K	-793.1K	-531	0.00	132.23	N/A	N/A	8	0	208	37
2023-12-18	$45.06	$39.00	19.2%	5.5%	10.6%	11.6%	15.6%	-0.1%	2.3%	15.7K	-275.7K	-582	0.00	129.38	N/A	N/A	7	0	87	7
2023-12-19	$45.51	$39.00	19.1%	5.5%	10.3%	11.4%	18.8%	0.2%	-1.2%	16.0K	-294.7K	-586	0.80	134.97	N/A	N/A	5	4	93	7
2023-12-20	$44.87	$39.00	16.7%	4.8%	12.6%	8.0%	15.1%	3.9%	2.7%	16.7K	-261.3K	-642	0.17	129.76	N/A	N/A	18	3	93	11
2023-12-21	$45.11	$39.00	19.6%	5.6%	12.6%	12.2%	0.0%	5.9%	-2.3%	13.9K	-241.5K	-659	0.00	146.36	N/A	N/A	30	0	89	14
2023-12-22	$45.36	$39.00	16.3%	4.7%	12.4%	7.3%	0.0%	1.6%	15.3%	17.8K	-314.8K	-801	0.00	134.50	N/A	N/A	41	0	109	14
2023-12-26	$45.73	$39.00	22.3%	6.4%	12.5%	16.0%	15.0%	7.6%	6.8%	24.5K	-398.8K	-1.1K	0.00	138.72	N/A	N/A	6	0	150	14
2023-12-27	$45.55	$39.00	22.6%	6.5%	12.7%	16.5%	20.4%	5.5%	-3.5%	31.3K	-498.7K	-1.0K	0.09	140.63	N/A	N/A	22	2	175	14
2023-12-28	$45.55	$40.00	23.4%	6.7%	11.6%	17.6%	0.0%	3.4%	-3.0%	28.4K	-445.7K	-993	0.00	141.62	N/A	N/A	11	0	165	16
2023-12-29	$45.42	$40.00	24.9%	7.1%	11.6%	19.9%	15.0%	2.4%	-4.4%	31.7K	-450.4K	-986	0.00	145.69	N/A	N/A	3	0	176	16