IHAK Options History — January 2025

In January 2025, IHAK traded between $48.45 and $50.96. ATM implied volatility averaged 26.8%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 9.5% (HV 20d: 17.2%). Max pain ranged from $47.00 to $49.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.18.

Notable Days

2025-01-22: Highest Volume — 59 contracts
2025-01-15: Largest IV drop — 57.3% change
2025-01-14: Highest IV Rank — 56.7%
2025-01-03: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.82	$48.45	$50.96	$48.62	$50.76
Max Pain	$47.90	$47.00	$49.00	$48.00	$49.00
ATM IV	26.8%	20.1%	47.9%	25.2%	22.8%
Expected Move	6.2%	4.8%	7.7%	7.2%	6.5%
HV 20d	17.2%	13.4%	21.3%	21.3%	13.4%
HV 60d	19.3%	19.1%	19.8%	19.6%	19.1%
IV Rank	23.8%	13.5%	56.7%	21.3%	17.7%
IV Percentile	55.3%	15.9%	96.8%	67.5%	44.4%
Term Structure	-0.9%	-13.3%	11.2%	-7.5%	-2.0%
VWIV	21.9%	14.2%	35.8%	35.8%	24.8%
Skew 25d	0.9%	-7.6%	7.0%	7.0%	-4.8%
Skew 10d	3.6%	-9.7%	13.8%	1.8%	3.3%
Call IV 25d	20.3%	15.5%	29.1%	22.9%	26.0%
Put IV 25d	21.1%	17.0%	29.9%	29.9%	21.1%
Bid-Ask Spread %	143.97	113.18	167.32	152.26	159.73
Gamma HHI	0.28	0.18	0.51	0.31	0.18
Net GEX	-8.4K	-23.1K	6.1K	-12.1K	-5.8K
Net DEX	-112.1K	-209.6K	228	228	-205.0K
Net VEX	-1.1K	-1.4K	-871	-1.0K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.18	0.00	26.00	0.14	0.00
Total Volume	12.4	0	59	16	1
Total OI	212.1	170	283	170	283

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
2025-01-02	$48.62	$48.00	25.2%	7.2%	21.3%	21.3%	35.8%	7.0%	-7.5%	-12.1K	228	-1.0K	0.14	152.26	N/A	N/A	14	2	73	97
2025-01-03	$49.22	$48.00	27.0%	7.7%	20.3%	24.1%	0.0%	-7.6%	-13.3%	-10.1K	-35.6K	-1.1K	0.00	167.32	N/A	N/A	13	0	80	99
2025-01-06	$49.38	$47.00	32.7%	5.1%	20.2%	33.0%	25.7%	-0.9%	1.9%	-10.5K	-26.5K	-994	0.08	113.18	N/A	N/A	12	1	73	99
2025-01-07	$48.86	$47.00	30.9%	4.8%	20.2%	30.3%	14.2%	5.2%	11.2%	-23.1K	-27.1K	-994	0.00	150.49	N/A	N/A	16	0	75	100
2025-01-08	$49.17	$47.00	30.0%	5.6%	20.4%	28.8%	0.0%	-1.2%	4.5%	-14.4K	-84.8K	-1.1K	0.00	129.29	N/A	N/A	6	0	91	100
2025-01-10	$48.81	$47.00	33.2%	5.4%	20.0%	33.9%	0.0%	1.5%	3.9%	-19.2K	-56.7K	-1.1K	0.00	125.75	N/A	N/A	0	3	92	100
2025-01-13	$48.45	$47.00	44.4%	6.2%	19.6%	51.2%	0.0%	3.3%	-0.2%	-9.2K	-5.7K	-1.1K	0.00	143.57	N/A	N/A	0	0	92	104
2025-01-14	$48.89	$47.00	47.9%	5.7%	20.0%	56.7%	20.2%	0.7%	2.9%	-20.8K	-62.5K	-1.0K	0.00	123.16	N/A	N/A	1	0	92	104
2025-01-15	$49.44	$47.00	20.5%	5.9%	20.2%	14.0%	0.0%	1.3%	-1.0%	536	-158.9K	-910	0.00	132.18	N/A	N/A	1	0	93	104
2025-01-16	$49.99	$47.00	20.1%	5.8%	20.1%	13.5%	0.0%	5.9%	4.4%	-2.5K	-137.0K	-914	0.00	163.12	N/A	N/A	0	0	94	104
2025-01-17	$49.70	$47.00	21.8%	6.2%	20.1%	16.0%	17.2%	-4.8%	-4.8%	-5.7K	-120.5K	-871	26.00	137.77	N/A	N/A	2	52	93	104
2025-01-21	$50.52	$48.00	20.8%	5.9%	13.5%	14.4%	20.4%	4.0%	0.4%	2.2K	-167.4K	-930	0.13	145.06	N/A	N/A	8	1	80	100
2025-01-22	$50.91	$48.00	21.5%	6.2%	13.6%	15.5%	17.2%	3.6%	-1.5%	6.1K	-209.6K	-899	7.43	144.80	N/A	N/A	7	52	86	101
2025-01-23	$50.47	$49.00	22.0%	6.3%	13.5%	16.5%	0.0%	2.1%	3.1%	-10.2K	-117.8K	-1.2K	0.00	156.58	N/A	N/A	1	0	93	153
2025-01-24	$50.47	$49.00	25.5%	7.3%	13.5%	21.9%	0.0%	0.9%	-10.4%	-8.2K	-159.8K	-1.2K	0.00	146.53	N/A	N/A	1	0	94	153
2025-01-27	$50.40	$49.00	22.5%	6.5%	13.5%	17.2%	23.8%	1.6%	-3.3%	-9.1K	-140.7K	-1.2K	1.00	138.36	N/A	N/A	1	1	95	153
2025-01-28	$50.96	$49.00	21.1%	6.1%	13.9%	15.1%	20.8%	2.8%	0.4%	-5.8K	-148.1K	-1.2K	0.17	135.20	N/A	N/A	12	2	96	154
2025-01-29	$50.53	$49.00	22.6%	6.5%	13.6%	17.3%	20.5%	-0.4%	-1.3%	-6.4K	-171.8K	-1.3K	0.00	158.89	N/A	N/A	0	6	111	155
2025-01-30	$50.86	$49.00	22.8%	6.5%	13.6%	17.6%	24.8%	-3.3%	-4.9%	-4.8K	-206.5K	-1.2K	0.00	156.09	N/A	N/A	32	0	111	161
2025-01-31	$50.76	$49.00	22.8%	6.5%	13.4%	17.7%	0.0%	-4.8%	-2.0%	-5.8K	-205.0K	-1.4K	0.00	159.73	N/A	N/A	1	0	122	161