IHAK Options History — March 2024

In March 2024, IHAK traded between $46.51 and $48.48. ATM implied volatility averaged 25.3%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.9% (HV 20d: 23.4%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.87.

Notable Days

  • 2024-03-18: Highest Volume — 68 contracts
  • 2024-03-11: Largest IV spike — 59.9% change
  • 2024-03-11: Highest IV Rank — 45.1%
  • 2024-03-01: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.41$46.51$48.48$48.48$46.88
Max Pain$45.70$45.00$47.00$47.00$46.00
ATM IV25.3%17.0%42.2%28.6%23.1%
Expected Move6.2%4.9%8.2%8.2%6.6%
HV 20d23.4%15.0%28.6%27.1%15.0%
HV 60d21.3%20.5%21.8%20.5%20.7%
IV Rank26.1%8.3%45.1%25.3%29.4%
IV Percentile45.2%5.2%97.6%74.2%36.9%
Term Structure-2.5%-9.6%5.8%-9.6%-6.4%
VWIV20.8%13.1%25.6%16.6%22.0%
Skew 25d0.7%-4.2%4.0%-3.6%-4.2%
Skew 10d3.3%-11.8%17.5%-1.0%17.5%
Call IV 25d21.0%18.6%26.1%26.1%21.6%
Put IV 25d21.7%17.5%23.3%22.5%17.5%
Bid-Ask Spread %123.68101.53142.41114.82137.47
Gamma HHI0.220.150.590.210.16
Net GEX21.4K-68.0K55.4K37.3K26.5K
Net DEX-607.0K-835.9K-428.1K-835.9K-483.2K
Net VEX-1.9K-2.2K-1.7K-2.1K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.007.500.000.00
Total Volume11.106812
Total OI373.95252440415353

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$48.48$47.0028.6%8.2%27.1%25.3%16.6%-3.6%-9.6%37.3K-835.9K-2.1K0.00114.82N/AN/A10307108
2024-03-04$48.37$45.0029.8%5.8%27.2%27.0%0.0%-1.1%-3.9%37.5K-812.6K-1.9K1.00123.07N/AN/A77307108
2024-03-05$47.21$45.0019.6%5.6%28.4%12.1%20.1%1.8%-2.7%23.5K-623.6K-2.0K0.00103.57N/AN/A100306106
2024-03-06$47.86$45.0028.6%7.0%28.6%25.2%0.0%1.9%-4.5%15.9K-708.0K-1.9K0.00102.82N/AN/A00306106
2024-03-07$48.37$45.0031.1%5.7%28.1%28.9%0.0%0.0%-0.4%35.5K-799.6K-1.9K0.00116.82N/AN/A10306106
2024-03-08$48.08$45.0026.4%5.6%27.9%22.1%20.4%2.9%0.0%29.5K-753.6K-1.8K0.14101.53N/AN/A71305106
2024-03-11$48.12$45.0042.2%6.1%26.8%45.1%21.1%0.9%-0.0%38.6K-758.4K-1.8K1.00121.72N/AN/A11311107
2024-03-12$48.29$45.0039.2%6.0%26.7%40.8%21.3%-0.0%-1.1%55.4K-809.5K-1.7K0.05120.35N/AN/A442321108
2024-03-13$48.27$46.0020.5%5.9%25.6%13.5%0.0%1.3%-1.6%43.1K-814.2K-1.7K0.00123.62N/AN/A00322110
2024-03-14$47.19$46.0017.0%4.9%25.7%8.3%13.1%2.6%5.8%-24.2K-537.7K-1.7K3.33131.39N/AN/A310322110
2024-03-15$46.73$46.0021.7%6.2%25.8%26.1%23.9%2.5%-0.1%-68.0K-428.1K-1.7K0.00119.45N/AN/A05323117
2024-03-18$46.83$46.0021.9%6.3%25.6%26.6%21.3%0.7%-2.3%25.9K-517.6K-1.7K7.50126.57N/AN/A86021042
2024-03-19$46.51$46.0021.9%6.3%25.4%26.4%0.0%-0.3%-3.2%19.6K-432.2K-2.1K0.00133.35N/AN/A1021699
2024-03-20$46.97$46.0021.2%6.1%18.9%24.9%24.2%-0.1%-2.4%21.3K-481.0K-2.2K0.00126.39N/AN/A4021799
2024-03-21$47.08$46.0022.3%6.4%17.6%27.6%0.0%4.0%-2.9%24.1K-517.8K-2.0K0.00131.16N/AN/A0022099
2024-03-22$46.87$46.0020.5%5.9%17.4%22.9%18.9%2.3%-0.2%22.3K-467.2K-2.2K0.07130.52N/AN/A15122099
2024-03-25$46.73$46.0023.7%6.8%16.6%31.0%0.0%0.9%-3.9%22.1K-466.5K-2.0K0.00142.41N/AN/A03223100
2024-03-26$46.62$46.0023.2%6.6%16.5%29.6%25.6%3.5%-3.8%22.0K-458.9K-2.0K0.00130.76N/AN/A30223103
2024-03-27$46.66$46.0022.8%6.5%16.5%28.8%21.6%-2.1%-6.0%19.5K-435.1K-2.1K0.00135.83N/AN/A250225103
2024-03-28$46.88$46.0023.1%6.6%15.0%29.4%22.0%-4.2%-6.4%26.5K-483.2K-2.2K0.00137.47N/AN/A20250103