IHDG Options History — February 2016

In February 2016, IHDG traded between $23.52 and $25.83. ATM implied volatility averaged 22.1%. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.5% (HV 20d: 22.6%). Max pain ranged from $26.75 to $26.75. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days.

Notable Days

  • 2016-02-01: Highest Volume — 3 contracts
  • 2016-02-08: Largest IV spike — 26.3% change
  • 2016-02-09: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.71$23.52$25.83$25.83$25.06
Max Pain$26.75$26.75$26.75$26.75$26.75
ATM IV22.1%18.6%31.1%19.0%19.7%
Expected Move6.2%5.3%7.7%5.5%5.6%
HV 20d22.6%20.5%24.0%23.6%20.5%
HV 60d20.4%19.1%21.4%19.1%21.3%
Term Structure44.3%-1.4%85.6%-0.1%-0.3%
VWIV19.6%15.1%23.1%15.1%20.5%
Skew 25d4.8%-0.3%12.0%2.7%2.9%
Skew 10d4.6%2.2%10.7%10.7%2.6%
Call IV 25d17.9%15.0%24.2%17.4%17.9%
Put IV 25d22.7%17.5%31.4%20.1%20.8%
Bid-Ask Spread %113.47102.68123.50115.99123.50
Gamma HHI1.001.001.001.001.00
Net GEX-136-5110-511-312
Net DEX5.6K07.5K6.2K3.3K
Net VEX-3-140-5-14
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume2.850333
Total OI2.70333

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-02-01$25.83$26.7519.0%5.5%23.6%0.0%15.1%2.7%-0.1%-5116.2K-50.00115.99N/AN/A0303
2016-02-02$25.33$26.7520.6%5.9%23.9%0.0%23.1%-0.3%-0.8%-3666.4K-40.00112.65N/AN/A0303
2016-02-03$25.15$26.7522.0%6.3%24.0%0.0%20.5%4.6%0.9%-2586.9K-20.00113.76N/AN/A0303
2016-02-04$24.82$0.0021.7%6.0%23.9%0.0%0.0%6.6%76.9%-1527.1K-10.00110.93N/AN/A0303
2016-02-05$24.66$0.0022.3%6.1%22.8%0.0%0.0%5.1%78.2%-1167.2K-10.00109.29N/AN/A0303
2016-02-08$24.13$0.0028.2%7.4%23.8%0.0%0.0%2.8%76.5%-137.2K00.00106.37N/AN/A0303
2016-02-09$23.88$0.0031.1%7.7%23.8%0.0%0.0%6.2%77.9%-147.1K00.00102.68N/AN/A0303
2016-02-10$23.75$0.0024.9%7.1%23.3%0.0%0.0%2.4%81.9%-17.1K00.00103.62N/AN/A0303
2016-02-11$23.52$0.0025.7%7.4%22.8%0.0%0.0%9.6%82.5%-37.1K00.00102.72N/AN/A0303
2016-02-12$23.82$0.0024.8%7.1%23.1%0.0%0.0%8.2%81.9%07.1K00.00109.10N/AN/A0303
2016-02-16$24.49$0.0024.6%7.1%22.9%0.0%0.0%12.0%81.5%-17.3K00.00107.97N/AN/A0303
2016-02-17$24.93$0.0020.9%6.0%23.2%0.0%0.0%9.3%82.4%-207.5K00.00115.65N/AN/A0303
2016-02-18$24.88$0.0019.9%5.7%22.7%0.0%0.0%1.5%84.5%07.5K00.00119.18N/AN/A0303
2016-02-19$24.90$0.0019.3%5.5%22.6%0.0%0.0%2.5%85.6%07.5K00.00118.39N/AN/A0303
2016-02-22$25.22$0.0018.6%5.3%20.7%0.0%0.0%3.0%0.5%0000.00120.31N/AN/A0000
2016-02-23$24.88$0.0019.9%5.7%21.2%0.0%0.0%0.6%-1.4%0000.00119.36N/AN/A0300
2016-02-24$24.84$0.0019.6%5.6%20.8%0.0%0.0%8.9%-0.9%-3193.6K-140.00116.53N/AN/A0303
2016-02-25$25.07$0.0019.8%5.7%21.1%0.0%0.0%4.8%-0.9%-3153.4K-140.00120.54N/AN/A0303
2016-02-26$25.14$0.0020.1%5.8%21.2%0.0%0.0%2.8%-0.7%-3263.2K-140.00120.94N/AN/A0303
2016-02-29$25.06$0.0019.7%5.6%20.5%0.0%0.0%2.9%-0.3%-3123.3K-140.00123.50N/AN/A0303