IHDG Options History — July 2018

In July 2018, IHDG traded between $31.53 and $32.84. ATM implied volatility averaged 17.4%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 7.2% (HV 20d: 10.2%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.43.

Notable Days

2018-07-02: Highest Volume — 10 contracts
2018-07-11: Largest IV drop — 34.2% change
2018-07-10: Highest IV Rank — 15.1%
2018-07-02: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.28	$31.53	$32.84	$31.58	$32.67
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	17.4%	14.8%	22.9%	20.2%	17.5%
Expected Move	4.6%	4.1%	5.8%	5.8%	5.0%
HV 20d	10.2%	7.5%	11.7%	11.1%	7.5%
HV 60d	9.3%	9.0%	9.5%	9.3%	9.2%
IV Rank	11.0%	9.1%	15.1%	13.1%	11.1%
IV Percentile	69.9%	55.2%	88.9%	82.9%	72.6%
Term Structure	-3.6%	-5.5%	-2.2%	-5.5%	-5.1%
VWIV	20.6%	16.9%	25.5%	17.4%	25.5%
Skew 25d	1.4%	0.1%	2.6%	0.5%	0.1%
Skew 10d	3.7%	-4.6%	8.0%	-4.6%	4.3%
Call IV 25d	18.2%	15.7%	23.3%	22.5%	21.6%
Put IV 25d	19.6%	17.7%	24.7%	23.1%	21.7%
Bid-Ask Spread %	156.59	149.30	159.85	159.56	156.20
Gamma HHI	0.39	0.37	0.43	0.37	0.43
Net GEX	945	875	1.0K	921	1.0K
Net DEX	-25.1K	-29.8K	-19.7K	-19.7K	-29.7K
Net VEX	-49	-65	-40	-65	-43
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.43	0.43	0.43	0.43
Total Volume	10	10	10	10	10
Total OI	13.238	13	14	13	14

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
2018-07-02	$31.58	$0.00	20.2%	5.8%	11.1%	13.1%	0.0%	0.5%	-5.5%	921	-19.7K	-65	0.43	159.56	N/A	N/A	7	3	10	3
2018-07-03	$31.53	$0.00	19.8%	5.7%	11.1%	12.8%	0.0%	1.4%	-5.5%	945	-19.8K	-64	0.43	155.63	N/A	N/A	7	3	10	3
2018-07-05	$31.54	$30.00	20.6%	4.2%	10.9%	13.4%	17.4%	1.9%	-3.0%	964	-19.8K	-63	0.43	158.50	N/A	N/A	7	3	10	3
2018-07-06	$31.68	$30.00	20.4%	4.1%	10.4%	13.2%	16.9%	2.6%	-2.2%	987	-20.9K	-61	0.43	154.70	N/A	N/A	7	3	10	3
2018-07-09	$31.96	$30.00	22.6%	4.2%	10.7%	14.8%	17.8%	2.0%	-2.7%	930	-22.2K	-58	0.43	157.00	N/A	N/A	7	3	10	3
2018-07-10	$32.18	$30.00	22.9%	4.2%	10.8%	15.1%	18.3%	1.8%	-3.1%	941	-24.2K	-49	0.43	159.43	N/A	N/A	7	3	10	3
2018-07-11	$31.89	$30.00	15.1%	4.3%	11.2%	9.2%	18.2%	1.3%	-3.2%	976	-22.5K	-55	0.43	157.68	N/A	N/A	7	3	10	3
2018-07-12	$32.18	$30.00	15.2%	4.3%	11.7%	9.3%	18.4%	2.0%	-2.8%	938	-24.2K	-49	0.43	157.09	N/A	N/A	7	3	10	3
2018-07-13	$32.37	$30.00	15.6%	4.5%	11.7%	9.6%	19.1%	1.6%	-3.2%	903	-25.3K	-47	0.43	156.94	N/A	N/A	7	3	10	3
2018-07-16	$32.27	$30.00	16.0%	4.6%	11.7%	9.9%	19.9%	1.2%	-4.2%	937	-24.9K	-47	0.43	159.85	N/A	N/A	7	3	10	3
2018-07-17	$32.48	$30.00	16.8%	4.8%	11.6%	10.5%	19.8%	2.2%	-4.2%	909	-26.2K	-42	0.43	157.96	N/A	N/A	7	3	10	3
2018-07-18	$32.58	$30.00	14.8%	4.3%	11.4%	9.1%	20.8%	1.2%	-3.7%	875	-26.5K	-41	0.43	157.47	N/A	N/A	7	3	10	3
2018-07-19	$32.51	$30.00	15.4%	4.4%	11.4%	9.5%	20.5%	1.1%	-2.5%	887	-25.6K	-45	0.43	149.30	N/A	N/A	7	3	10	3
2018-07-20	$32.47	$30.00	16.6%	4.8%	11.1%	10.4%	20.1%	1.6%	-4.0%	921	-26.2K	-41	0.43	157.35	N/A	N/A	7	3	10	3
2018-07-23	$32.44	$30.00	17.2%	4.9%	10.8%	10.8%	21.4%	1.7%	-2.9%	899	-25.1K	-45	0.43	153.83	N/A	N/A	7	3	10	3
2018-07-24	$32.56	$30.00	15.4%	4.4%	7.9%	9.5%	22.0%	0.7%	-3.3%	897	-26.4K	-40	0.43	157.21	N/A	N/A	7	3	10	3
2018-07-25	$32.74	$30.00	15.5%	4.4%	8.1%	9.5%	22.3%	1.2%	-3.1%	1.0K	-29.8K	-44	0.43	158.00	N/A	N/A	7	3	11	3
2018-07-26	$32.84	$30.00	15.5%	4.4%	7.8%	9.5%	23.7%	2.4%	-2.6%	948	-29.3K	-47	0.43	154.17	N/A	N/A	7	3	11	3
2018-07-27	$32.77	$30.00	15.8%	4.5%	7.9%	9.8%	23.3%	1.1%	-4.3%	994	-29.5K	-45	0.43	154.15	N/A	N/A	7	3	11	3
2018-07-30	$32.67	$30.00	17.0%	4.9%	8.0%	10.7%	25.2%	0.4%	-4.7%	1.0K	-29.7K	-43	0.43	156.34	N/A	N/A	7	3	11	3
2018-07-31	$32.67	$30.00	17.5%	5.0%	7.5%	11.1%	25.5%	0.1%	-5.1%	1.0K	-29.7K	-43	0.43	156.20	N/A	N/A	7	3	11	3