IHDG Options History — August 2018

In August 2018, IHDG traded between $32.13 and $33.01. ATM implied volatility averaged 20.3%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 13.0% (HV 20d: 7.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.24.

Notable Days

  • 2018-08-01: Highest Volume — 10 contracts
  • 2018-08-15: Largest IV drop — 60.6% change
  • 2018-08-14: Highest IV Rank — 28.2%
  • 2018-08-31: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.57$32.13$33.01$32.60$32.55
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV20.3%15.2%40.4%18.5%19.3%
Expected Move4.6%3.7%5.5%5.3%5.5%
HV 20d7.4%5.3%9.0%7.5%9.0%
HV 60d9.3%9.0%9.7%9.2%9.0%
IV Rank13.2%9.3%28.2%11.8%12.4%
IV Percentile72.3%50.0%99.6%76.2%76.2%
Term Structure-3.1%-6.4%-1.7%-5.0%-3.9%
VWIV25.9%25.5%26.7%25.6%26.7%
Skew 25d1.5%0.8%2.6%1.4%1.3%
Skew 10d0.4%-1.8%5.2%5.2%-1.8%
Call IV 25d18.0%14.5%23.2%22.0%21.3%
Put IV 25d19.5%16.1%24.8%23.4%22.6%
Bid-Ask Spread %166.53149.87190.64156.10170.21
Gamma HHI0.410.370.440.420.39
Net GEX9577141.3K1.0K767
Net DEX-25.6K-30.7K-20.8K-29.0K-20.8K
Net VEX-37-44-31-43-35
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.000.430.430.00
Total Volume7.391410104
Total OI11.391814148

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$32.60$30.0018.5%5.3%7.5%11.8%25.6%1.4%-5.0%1.0K-29.0K-430.43156.10N/AN/A73113
2018-08-02$32.56$30.0019.1%5.5%7.6%12.2%25.5%1.4%-5.6%1.2K-28.6K-420.43149.87N/AN/A73113
2018-08-03$32.64$30.0018.8%5.4%7.5%12.0%26.7%1.6%-6.4%1.0K-29.7K-410.43157.24N/AN/A73113
2018-08-06$32.53$0.0022.2%3.8%7.2%14.6%0.0%1.5%-2.2%1.1K-29.0K-420.43166.28N/AN/A73113
2018-08-07$32.60$0.0022.2%3.7%6.8%14.6%0.0%1.1%-2.2%1.1K-29.6K-390.43165.52N/AN/A73113
2018-08-08$32.52$0.0024.5%3.8%6.0%16.3%0.0%1.5%-2.2%1.1K-29.1K-400.43164.83N/AN/A73113
2018-08-09$32.66$0.0024.2%3.8%5.3%16.1%0.0%1.6%-2.3%1.0K-29.6K-380.43163.10N/AN/A73113
2018-08-10$32.41$0.0028.4%4.3%5.7%19.2%0.0%1.7%-2.0%1.1K-28.4K-420.43163.30N/AN/A73113
2018-08-13$32.33$0.0036.8%4.5%5.7%25.5%0.0%1.6%-2.1%1.2K-27.1K-440.43160.08N/AN/A73113
2018-08-14$32.56$0.0040.4%4.1%5.8%28.2%0.0%2.6%-3.2%1.1K-29.1K-370.43161.90N/AN/A73113
2018-08-15$32.13$0.0015.9%4.6%7.4%9.9%0.0%2.1%-1.9%1.3K-25.9K-430.43159.75N/AN/A73113
2018-08-16$32.30$0.0016.0%4.6%7.6%9.9%0.0%1.9%-3.2%1.2K-27.6K-390.43164.71N/AN/A73113
2018-08-17$32.40$0.0015.5%4.4%7.7%9.6%0.0%2.3%-2.8%857-30.7K-360.43164.40N/AN/A73113
2018-08-20$32.53$0.0015.7%4.5%7.9%9.7%0.0%1.6%-2.9%822-21.3K-350.00167.18N/AN/A4080
2018-08-21$32.53$0.0015.2%4.4%7.7%9.3%0.0%0.9%-3.1%825-21.3K-340.00182.26N/AN/A4080
2018-08-22$32.54$0.0015.5%4.4%7.5%9.5%0.0%1.1%-3.0%827-21.4K-340.00190.64N/AN/A4080
2018-08-23$32.56$0.0015.4%4.4%7.4%9.5%0.0%1.2%-1.7%792-21.1K-360.00169.11N/AN/A4080
2018-08-24$32.62$0.0016.4%4.7%7.4%10.2%0.0%1.4%-2.5%779-21.3K-350.00169.64N/AN/A4080
2018-08-27$33.01$0.0016.0%4.6%8.4%9.9%0.0%0.9%-2.7%772-22.0K-310.00170.49N/AN/A4080
2018-08-28$32.89$0.0016.3%4.7%8.6%10.1%0.0%0.8%-3.2%714-22.2K-310.00169.16N/AN/A4080
2018-08-29$32.89$0.0016.6%4.8%8.5%10.4%0.0%1.5%-3.1%714-22.3K-310.00169.65N/AN/A4080
2018-08-30$32.65$0.0018.9%5.4%8.9%12.1%0.0%1.6%-3.7%751-21.0K-340.00174.75N/AN/A4080
2018-08-31$32.55$0.0019.3%5.5%9.0%12.4%0.0%1.3%-3.9%767-20.8K-350.00170.21N/AN/A4080