IHDG Options History — January 2020

In January 2020, IHDG traded between $35.86 and $37.51. ATM implied volatility averaged 39.4%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 29.6% (HV 20d: 9.8%). Max pain ranged from $36.00 to $36.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-01-10: Highest Volume — 10 contracts
  • 2020-01-28: Largest IV spike — 172.7% change
  • 2020-01-14: Highest IV Rank — 64.8%
  • 2020-01-03: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.79$35.86$37.51$36.67$35.86
Max Pain$36.00$36.00$36.00$36.00$36.00
ATM IV39.4%12.4%81.2%40.2%14.4%
Expected Move8.3%3.6%12.5%11.5%4.1%
HV 20d9.8%8.2%12.4%9.6%12.4%
HV 60d8.6%8.2%9.9%8.7%9.9%
IV Rank27.7%3.6%64.8%28.4%5.4%
IV Percentile76.6%3.2%98.8%89.7%7.5%
Term Structure-0.5%-17.1%54.1%-14.8%13.1%
VWIV7.9%7.9%7.9%7.9%7.9%
Skew 25d-6.3%-34.2%18.2%-31.7%5.5%
Skew 10d3.0%-29.6%32.4%-25.3%2.4%
Call IV 25d28.7%11.6%48.0%44.0%33.3%
Put IV 25d22.3%9.8%38.9%12.3%38.9%
Bid-Ask Spread %168.46150.70190.64186.88170.53
Gamma HHI0.960.881.001.000.94
Net GEX2.1K1.4K3.8K1.4K3.8K
Net DEX-23.0K-29.4K-16.4K-22.0K-16.4K
Net VEX-42-53-34-53-38
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.47601000
Total OI9.7629101010

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$36.67$0.0040.2%11.5%9.6%28.4%0.0%-31.7%-14.8%1.4K-22.0K-530.00186.88N/AN/A00100
2020-01-03$36.36$0.0043.7%12.5%10.1%31.5%0.0%-34.2%-17.1%1.4K-20.6K-530.00190.64N/AN/A00100
2020-01-06$36.27$36.0047.4%7.5%10.1%34.7%0.0%18.2%-6.1%1.5K-20.2K-510.00179.97N/AN/A00100
2020-01-07$36.37$36.0050.6%7.8%9.4%37.6%0.0%5.2%-7.5%1.4K-20.6K-500.00178.54N/AN/A00100
2020-01-08$36.67$36.0050.8%7.4%9.6%37.8%0.0%6.7%-6.6%1.4K-22.0K-500.00178.81N/AN/A00100
2020-01-09$36.76$36.0052.7%7.5%9.6%39.5%0.0%6.7%-6.9%1.4K-22.4K-480.00177.15N/AN/A00100
2020-01-10$36.67$36.0055.8%7.8%9.7%42.2%7.9%-17.7%-7.3%2.0K-22.9K-470.00167.47N/AN/A100100
2020-01-13$36.92$36.0070.4%7.7%9.6%55.2%0.0%1.4%-8.1%1.6K-21.6K-400.00163.33N/AN/A0090
2020-01-14$37.01$36.0081.2%7.9%9.3%64.8%0.0%-11.3%-8.1%1.6K-22.2K-390.00161.91N/AN/A0090
2020-01-15$37.08$36.0027.4%7.8%8.4%16.9%0.0%-1.6%-8.2%1.6K-22.4K-390.00163.24N/AN/A0090
2020-01-16$37.23$36.0028.2%8.1%8.2%17.7%0.0%-16.6%-8.6%1.6K-23.4K-370.00164.90N/AN/A0090
2020-01-17$37.51$36.0027.6%7.9%8.3%17.1%0.0%-0.8%-8.1%1.4K-24.0K-350.00156.03N/AN/A0090
2020-01-21$37.23$36.0029.8%8.5%8.9%19.1%0.0%-19.3%54.1%1.8K-25.6K-430.00164.86N/AN/A00100
2020-01-22$37.31$36.0030.3%8.7%8.8%19.5%0.0%-19.7%53.8%1.8K-26.2K-400.00150.70N/AN/A00100
2020-01-23$37.17$36.0030.3%8.7%8.9%19.5%0.0%4.7%-5.6%2.7K-29.4K-340.00160.73N/AN/A00100
2020-01-24$37.12$36.0032.1%9.2%8.9%21.1%0.0%11.3%-7.4%1.9K-25.2K-410.00160.70N/AN/A00100
2020-01-27$36.40$36.0012.4%3.6%11.4%3.6%0.0%-1.4%14.2%3.6K-22.7K-400.00172.20N/AN/A00100
2020-01-28$36.65$36.0033.8%9.7%11.7%22.7%0.0%-12.1%-8.1%3.2K-24.5K-380.00162.32N/AN/A00100
2020-01-29$36.74$36.0033.8%9.7%11.2%22.7%0.0%-14.8%-8.9%3.3K-25.0K-360.00162.14N/AN/A00100
2020-01-30$36.53$36.0035.0%10.0%11.4%23.7%0.0%-11.8%-8.7%3.3K-24.1K-370.00164.58N/AN/A00100
2020-01-31$35.86$36.0014.4%4.1%12.4%5.4%0.0%5.5%13.1%3.8K-16.4K-380.00170.53N/AN/A00100