IHDG Options History — November 2017

In November 2017, IHDG traded between $30.95 and $31.78. ATM implied volatility averaged 11.2%, placing in the 2.4% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 2.8% (HV 20d: 8.4%). Max pain ranged from $29.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 2.21.

Notable Days

2017-11-17: Highest Volume — 31 contracts
2017-11-08: Largest IV drop — 40.6% change
2017-11-07: Highest IV Rank — 4.8%
2017-11-30: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.48	$30.95	$31.78	$31.66	$31.39
Max Pain	$29.00	$29.00	$29.00	$29.00	$29.00
ATM IV	11.2%	8.5%	14.4%	11.5%	13.5%
Expected Move	3.0%	2.4%	3.9%	3.3%	3.9%
HV 20d	8.4%	6.3%	10.6%	6.4%	10.6%
HV 60d	8.2%	7.6%	8.6%	8.5%	8.3%
IV Rank	2.4%	0.3%	4.8%	2.6%	4.1%
IV Percentile	25.2%	0.4%	67.9%	25.4%	65.5%
Term Structure	15.1%	-4.7%	71.7%	-2.3%	-4.7%
VWIV	19.6%	19.6%	19.6%	19.6%	19.6%
Skew 25d	1.6%	0.1%	3.1%	1.0%	1.7%
Skew 10d	3.1%	1.5%	4.2%	2.8%	1.7%
Call IV 25d	11.5%	9.8%	14.2%	13.4%	13.9%
Put IV 25d	13.1%	11.2%	15.6%	14.4%	15.6%
Bid-Ask Spread %	140.52	131.13	145.68	131.13	138.50
Gamma HHI	0.62	0.32	1.00	0.32	0.89
Net GEX	1.0K	126	2.6K	537	2.5K
Net DEX	-28.9K	-36.1K	-8.4K	-31.4K	-28.0K
Net VEX	-29	-64	-5	-36	-64
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.21	0.15	3.50	3.50	0.15
Total Volume	21.667	5	31	27	15
Total OI	25.952	5	35	35	15

Daily Data (21 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
2017-11-01	$31.66	$29.00	11.5%	3.3%	6.4%	2.6%	19.6%	1.0%	-2.3%	537	-31.4K	-36	3.50	131.13	N/A	N/A	6	21	12	23
2017-11-02	$31.63	$0.00	11.8%	2.6%	6.4%	2.8%	0.0%	2.0%	67.6%	546	-31.4K	-36	3.50	142.18	N/A	N/A	6	21	12	23
2017-11-03	$31.76	$0.00	11.4%	2.5%	6.3%	2.5%	0.0%	1.4%	67.3%	479	-31.9K	-34	3.50	138.83	N/A	N/A	6	21	12	23
2017-11-06	$31.76	$0.00	12.8%	2.7%	6.3%	3.6%	0.0%	1.6%	68.1%	473	-31.9K	-33	3.50	145.68	N/A	N/A	6	21	12	23
2017-11-07	$31.59	$0.00	14.4%	2.6%	6.5%	4.8%	0.0%	0.8%	71.7%	553	-31.3K	-33	3.50	143.02	N/A	N/A	6	21	12	23
2017-11-08	$31.70	$0.00	8.5%	2.4%	6.5%	0.3%	0.0%	1.9%	69.8%	483	-31.9K	-32	3.50	140.96	N/A	N/A	6	21	12	23
2017-11-09	$31.36	$0.00	10.0%	2.9%	7.7%	1.4%	0.0%	2.0%	-0.1%	836	-35.1K	-11	3.50	137.80	N/A	N/A	6	21	12	23
2017-11-10	$31.31	$0.00	10.5%	3.0%	7.7%	1.8%	0.0%	2.3%	-1.1%	868	-34.6K	-13	3.50	142.02	N/A	N/A	6	21	12	23
2017-11-13	$31.21	$0.00	10.8%	3.1%	7.8%	2.0%	0.0%	3.1%	-0.0%	950	-34.4K	-12	3.50	142.04	N/A	N/A	6	21	12	23
2017-11-14	$31.12	$0.00	10.7%	3.1%	7.9%	1.9%	0.0%	2.0%	0.2%	1.0K	-34.0K	-14	3.50	143.93	N/A	N/A	6	21	12	23
2017-11-15	$30.95	$0.00	10.6%	3.0%	8.0%	1.8%	0.0%	1.7%	-0.3%	1.1K	-33.4K	-14	3.50	145.53	N/A	N/A	6	21	12	23
2017-11-16	$31.36	$0.00	11.2%	3.2%	8.8%	2.3%	0.0%	2.6%	-0.5%	802	-35.5K	-8	3.50	139.86	N/A	N/A	6	21	12	23
2017-11-17	$31.17	$0.00	10.5%	3.0%	9.1%	1.8%	0.0%	1.9%	-0.2%	174	-36.1K	-11	2.10	140.94	N/A	N/A	10	21	12	23
2017-11-20	$31.52	$0.00	10.5%	3.0%	9.9%	1.8%	0.0%	2.2%	-1.7%	178	-8.8K	-5	0.67	141.07	N/A	N/A	3	2	3	2
2017-11-21	$31.76	$0.00	9.9%	2.8%	10.2%	1.3%	0.0%	1.2%	-1.8%	126	-8.9K	-6	0.67	136.50	N/A	N/A	3	2	3	2
2017-11-22	$31.53	$0.00	11.0%	3.2%	10.4%	2.2%	0.0%	1.2%	-3.2%	140	-8.4K	-9	0.15	143.82	N/A	N/A	13	2	3	2
2017-11-24	$31.62	$0.00	10.0%	2.9%	9.9%	1.4%	0.0%	1.0%	-2.0%	2.3K	-30.0K	-64	0.15	141.71	N/A	N/A	13	2	13	2
2017-11-27	$31.53	$0.00	11.5%	3.3%	9.9%	2.6%	0.0%	1.9%	-2.9%	2.4K	-29.2K	-63	0.15	142.66	N/A	N/A	13	2	13	2
2017-11-28	$31.78	$0.00	11.7%	3.4%	10.2%	2.7%	0.0%	1.1%	-2.7%	2.3K	-31.5K	-59	0.15	140.01	N/A	N/A	13	2	13	2
2017-11-29	$31.46	$0.00	12.9%	3.7%	10.6%	3.7%	0.0%	0.1%	-4.4%	2.6K	-28.8K	-62	0.15	132.76	N/A	N/A	13	2	13	2
2017-11-30	$31.39	$0.00	13.5%	3.9%	10.6%	4.1%	0.0%	1.7%	-4.7%	2.5K	-28.0K	-64	0.15	138.50	N/A	N/A	13	2	13	2