IHDG Options History — November 2018

In November 2018, IHDG traded between $28.83 and $30.54. ATM implied volatility averaged 28.7%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 12.8% (HV 20d: 15.8%). 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 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2018-11-01: Highest Volume — 4 contracts
  • 2018-11-05: Largest IV spike — 89.1% change
  • 2018-11-05: Highest IV Rank — 100.0%
  • 2018-11-23: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.80$28.83$30.54$30.09$29.97
Max Pain$29.00$29.00$29.00$29.00$29.00
ATM IV28.7%18.6%64.4%24.1%22.2%
Expected Move6.4%5.1%9.7%6.9%6.4%
HV 20d15.8%13.3%18.9%18.6%13.3%
HV 60d13.8%13.3%14.4%13.3%14.3%
IV Rank50.5%25.8%100.0%56.9%31.6%
IV Percentile82.6%56.0%100.0%85.3%74.6%
Term Structure0.5%-6.1%88.2%-5.3%-4.9%
VWIV26.7%26.2%27.3%27.3%26.2%
Skew 25d-2.6%-21.4%6.3%-11.3%3.7%
Skew 10d-2.5%-23.9%15.5%0.4%1.1%
Call IV 25d23.1%18.6%37.8%27.1%20.7%
Put IV 25d20.5%14.8%29.1%15.8%24.4%
Bid-Ask Spread %172.12152.67187.56160.46173.18
Gamma HHI0.680.371.000.371.00
Net GEX7691421.4K1.3K229
Net DEX-6.9K-13.6K-945-11.4K-1.5K
Net VEX-14-24-7-24-9
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.7141441
Total OI5.4292882

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$30.09$29.0024.1%6.9%18.6%56.9%27.3%-11.3%-5.3%1.3K-11.4K-240.00160.46N/AN/A4080
2018-11-02$30.35$29.0024.7%7.1%18.9%58.4%26.2%0.5%-6.1%1.4K-12.6K-220.00152.67N/AN/A4080
2018-11-05$30.18$0.0046.7%8.2%18.8%100.0%0.0%-9.7%-4.4%993-12.1K-240.00180.17N/AN/A4080
2018-11-06$30.19$0.0027.6%5.3%18.7%56.4%0.0%2.1%-2.8%1.4K-11.7K-210.00172.94N/AN/A4080
2018-11-07$30.54$0.0030.7%6.4%16.0%63.7%0.0%-7.6%-3.2%1.3K-13.6K-210.00184.99N/AN/A4080
2018-11-08$30.35$0.0032.0%5.3%15.5%66.5%0.0%-3.7%-4.4%1.4K-12.4K-200.00174.19N/AN/A4080
2018-11-09$30.24$0.0042.6%6.6%15.4%90.7%0.0%-9.2%-3.6%1.3K-12.1K-200.00187.56N/AN/A4080
2018-11-12$29.73$0.0038.8%5.1%16.6%81.9%0.0%-1.8%-2.4%1.4K-9.1K-150.00171.30N/AN/A4080
2018-11-13$29.61$0.0064.4%6.8%15.6%100.0%0.0%-9.7%-4.3%1.2K-9.3K-150.00180.78N/AN/A4080
2018-11-14$29.65$0.0024.7%7.1%15.5%35.6%0.0%2.1%-3.2%1.1K-9.5K-150.00174.71N/AN/A4080
2018-11-15$29.59$0.0018.6%5.3%15.0%25.8%0.0%2.7%-3.1%1.3K-8.7K-110.00172.91N/AN/A4080
2018-11-16$29.44$0.0020.2%5.8%15.1%28.3%0.0%2.8%-4.8%190-9.9K-80.00169.80N/AN/A4080
2018-11-19$29.19$0.0019.9%5.7%15.3%27.9%0.0%-5.2%88.2%171-945-70.00171.80N/AN/A1020
2018-11-20$28.83$0.0024.4%7.0%15.6%35.1%0.0%-0.5%-0.8%142-946-70.00154.94N/AN/A1020
2018-11-21$29.22$0.0020.6%5.9%15.7%28.9%0.0%2.7%-4.6%173-964-70.00170.99N/AN/A1020
2018-11-23$29.30$0.0033.7%9.7%15.0%50.1%0.0%-21.4%-6.1%152-1.7K-100.00179.97N/AN/A1020
2018-11-26$29.70$0.0020.8%6.0%15.1%29.2%0.0%3.8%-3.9%210-1.2K-80.00173.01N/AN/A1020
2018-11-27$29.66$0.0022.8%6.5%15.1%32.6%0.0%-2.2%-2.0%188-1.3K-80.00166.71N/AN/A1020
2018-11-28$29.96$0.0020.4%5.8%14.3%28.6%0.0%1.0%-4.1%236-1.3K-80.00170.29N/AN/A1020
2018-11-29$30.01$0.0022.1%6.3%13.3%31.4%0.0%6.3%-4.8%232-1.5K-90.00171.24N/AN/A1020
2018-11-30$29.97$0.0022.2%6.4%13.3%31.6%0.0%3.7%-4.9%229-1.5K-90.00173.18N/AN/A1020