IHAK Options History — February 2024

In February 2024, IHAK traded between $45.52 and $49.38. ATM implied volatility averaged 23.1%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.3% (HV 20d: 21.8%). Max pain ranged from $43.00 to $47.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.29.

Notable Days

2024-02-16: Highest Volume — 131 contracts
2024-02-23: Largest IV drop — 48.7% change
2024-02-22: Highest IV Rank — 26.2%
2024-02-22: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.72	$45.52	$49.38	$46.95	$48.50
Max Pain	$44.80	$43.00	$47.00	$43.00	$47.00
ATM IV	23.1%	15.0%	29.2%	25.0%	21.2%
Expected Move	6.2%	4.3%	8.4%	5.4%	6.1%
HV 20d	21.8%	16.8%	28.2%	17.6%	27.5%
HV 60d	18.2%	16.2%	20.9%	16.6%	20.5%
IV Rank	17.3%	5.5%	26.2%	20.0%	14.5%
IV Percentile	35.4%	2.4%	76.2%	44.4%	22.6%
Term Structure	-2.0%	-12.8%	5.9%	-1.0%	3.9%
VWIV	20.8%	15.6%	26.2%	20.3%	20.4%
Skew 25d	0.1%	-4.5%	6.6%	-0.1%	1.2%
Skew 10d	0.7%	-15.9%	14.4%	2.2%	-15.9%
Call IV 25d	21.0%	14.7%	25.2%	20.9%	21.5%
Put IV 25d	21.1%	19.3%	23.6%	20.8%	22.7%
Bid-Ask Spread %	104.11	84.83	120.12	114.53	90.42
Gamma HHI	0.24	0.21	0.30	0.24	0.21
Net GEX	29.2K	10.0K	41.7K	38.4K	37.2K
Net DEX	-809.8K	-1.1M	-282.5K	-765.3K	-845.4K
Net VEX	-1.7K	-2.3K	-1.3K	-1.9K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.29	0.00	11.67	1.00	0.00
Total Volume	24.05	0	131	0	7
Total OI	349.45	314	418	314	418

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
2024-02-01	$46.95	$43.00	25.0%	5.4%	17.6%	20.0%	0.0%	-0.1%	-1.0%	38.4K	-765.3K	-1.9K	0.00	114.53	N/A	N/A	0	0	273	41
2024-02-02	$47.01	$43.00	26.3%	5.6%	17.4%	21.9%	0.0%	0.8%	-1.5%	39.9K	-817.0K	-1.8K	0.00	120.12	N/A	N/A	0	0	275	41
2024-02-05	$46.53	$43.00	28.4%	5.6%	17.9%	25.0%	20.3%	0.3%	-1.0%	41.7K	-728.0K	-1.8K	1.00	113.73	N/A	N/A	1	1	275	41
2024-02-06	$46.95	$43.00	28.5%	5.6%	17.0%	25.2%	0.0%	-0.0%	-2.0%	38.9K	-814.5K	-1.7K	0.00	115.08	N/A	N/A	0	2	276	42
2024-02-07	$47.84	$43.00	19.5%	5.6%	17.1%	12.0%	20.7%	1.1%	-1.3%	34.3K	-946.5K	-1.5K	0.00	113.78	N/A	N/A	0	1	276	42
2024-02-08	$48.33	$43.00	19.1%	5.5%	16.8%	11.5%	0.0%	-1.3%	0.1%	31.0K	-996.2K	-1.4K	0.00	104.99	N/A	N/A	32	0	276	43
2024-02-09	$49.38	$43.00	24.8%	7.1%	18.0%	19.7%	21.6%	6.6%	-4.4%	29.0K	-1.1M	-1.3K	0.00	109.95	N/A	N/A	16	0	277	43
2024-02-12	$49.10	$43.00	25.5%	7.3%	18.3%	20.8%	21.1%	0.5%	-3.9%	30.7K	-1.1M	-1.4K	0.00	110.38	N/A	N/A	1	0	281	43
2024-02-13	$48.03	$43.00	20.5%	5.9%	20.0%	13.4%	22.6%	1.8%	-3.0%	33.7K	-973.8K	-1.4K	0.00	106.70	N/A	N/A	2	0	282	43
2024-02-14	$48.99	$43.00	22.6%	6.5%	20.3%	16.5%	21.0%	-0.1%	-3.1%	32.0K	-1.1M	-1.3K	0.00	112.98	N/A	N/A	11	0	280	43
2024-02-15	$48.92	$43.00	25.0%	7.2%	20.4%	20.0%	21.0%	-0.7%	-0.6%	34.3K	-1.1M	-1.4K	11.67	107.67	N/A	N/A	6	70	291	43
2024-02-16	$48.36	$47.00	20.5%	5.9%	21.0%	13.5%	20.2%	1.0%	5.9%	23.6K	-930.9K	-1.7K	0.04	108.56	N/A	N/A	126	5	291	109
2024-02-20	$47.73	$47.00	18.0%	5.1%	20.5%	9.8%	20.8%	-4.5%	1.7%	17.5K	-568.8K	-1.8K	6.00	86.66	N/A	N/A	1	6	243	93
2024-02-21	$45.52	$47.00	21.5%	6.2%	26.7%	14.9%	19.5%	-1.5%	-5.5%	10.0K	-282.5K	-1.7K	0.12	91.25	N/A	N/A	66	8	243	97
2024-02-22	$46.43	$47.00	29.2%	8.4%	27.7%	26.2%	23.2%	-0.4%	-12.8%	18.5K	-567.1K	-2.3K	0.29	91.75	N/A	N/A	7	2	291	96
2024-02-23	$46.89	$47.00	15.0%	4.3%	27.9%	5.5%	15.6%	1.5%	4.9%	18.1K	-606.0K	-2.2K	0.02	95.83	N/A	N/A	60	1	291	102
2024-02-26	$47.52	$47.00	21.3%	6.1%	28.2%	14.7%	18.3%	-1.4%	-2.7%	18.7K	-607.2K	-1.8K	0.15	84.83	N/A	N/A	26	4	268	103
2024-02-27	$47.78	$47.00	25.2%	7.2%	27.7%	20.3%	26.2%	-2.4%	-7.1%	27.9K	-698.5K	-2.1K	0.06	97.58	N/A	N/A	16	1	294	107
2024-02-28	$47.63	$47.00	25.3%	7.3%	27.6%	20.5%	0.0%	-0.5%	-5.9%	28.9K	-693.9K	-2.1K	0.00	105.43	N/A	N/A	0	2	310	106
2024-02-29	$48.50	$47.00	21.2%	6.1%	27.5%	14.5%	20.4%	1.2%	3.9%	37.2K	-845.4K	-2.1K	0.00	90.42	N/A	N/A	7	0	310	108