IHDG Options History — April 2023

In April 2023, IHDG traded between $39.27 and $40.39. ATM implied volatility averaged 47.6%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 36.6% (HV 20d: 11.0%). Max pain ranged from $39.00 to $40.62. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-04-24: Highest Volume — 1 contracts
  • 2023-04-12: Largest IV drop — 43.0% change
  • 2023-04-10: Highest IV Rank — 26.0%
  • 2023-04-04: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.86$39.27$40.39$39.38$40.36
Max Pain$39.93$39.00$40.62$39.00$40.62
ATM IV47.6%37.2%66.7%49.0%46.2%
Expected Move12.4%10.0%15.8%14.0%13.2%
HV 20d11.0%8.1%15.3%15.3%8.2%
HV 60d11.3%11.0%11.6%11.6%11.5%
IV Rank17.2%12.5%26.0%17.9%16.6%
IV Percentile55.5%26.2%89.3%62.7%54.8%
Term Structure-4.7%-21.1%12.1%-0.7%-7.7%
VWIV33.1%29.8%36.4%29.8%36.4%
Skew 25d42.6%29.9%54.3%49.3%45.6%
Skew 10d59.9%40.4%71.1%69.9%65.4%
Call IV 25d32.3%11.8%45.6%42.3%38.3%
Put IV 25d74.9%58.4%95.5%91.6%84.0%
Bid-Ask Spread %156.10135.63174.75174.75155.00
Gamma HHI1.001.001.001.001.00
Net GEX2160282256252
Net DEX-4.3K-8.1K0-4.4K-4.1K
Net VEX-5-80-7-8
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1050100
Total OI1.8420222

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$39.38$39.0049.0%14.0%15.3%17.9%0.0%49.3%-0.7%256-4.4K-70.00174.75N/AN/A0020
2023-04-04$39.27$39.0055.0%15.8%15.2%20.6%0.0%51.1%-10.5%245-4.3K-70.00174.48N/AN/A0020
2023-04-05$39.28$39.0044.8%12.8%15.2%15.9%0.0%49.9%12.1%282-4.4K-70.00167.94N/AN/A0020
2023-04-06$39.39$0.0058.4%10.0%14.4%22.2%0.0%46.7%-6.4%249-4.4K-60.00135.63N/AN/A0020
2023-04-10$39.52$0.0066.7%11.1%13.4%26.0%0.0%29.9%-8.3%229-4.5K-50.00162.33N/AN/A0020
2023-04-11$39.52$0.0065.2%10.7%13.2%25.3%0.0%48.5%-3.2%251-4.5K-50.00152.37N/AN/A0020
2023-04-12$39.52$0.0037.2%10.7%12.9%12.5%0.0%32.6%2.7%257-4.5K-50.00150.10N/AN/A0020
2023-04-13$39.95$0.0048.3%13.8%12.1%17.6%0.0%51.6%-21.1%197-4.7K-50.00167.80N/AN/A0020
2023-04-14$40.03$0.0039.4%11.3%10.9%13.5%0.0%34.3%-6.8%246-4.9K-40.00154.33N/AN/A0020
2023-04-17$40.05$0.0041.2%11.8%9.2%14.3%0.0%54.3%-8.3%246-4.9K-30.00153.82N/AN/A0020
2023-04-18$40.08$0.0041.8%12.0%8.7%14.6%0.0%36.8%-4.7%255-4.9K-30.00149.31N/AN/A0020
2023-04-19$39.97$0.0042.1%12.1%8.4%14.7%0.0%36.7%-6.5%254-4.8K-20.00152.01N/AN/A0020
2023-04-20$39.97$0.0042.5%12.2%8.1%14.9%0.0%37.4%3.2%258-4.8K-20.00153.49N/AN/A0020
2023-04-21$40.36$0.0040.3%11.6%8.4%13.9%0.0%39.7%-4.9%0-8.1K00.00154.66N/AN/A0020
2023-04-24$40.30$0.0042.7%12.2%8.6%15.0%29.8%41.8%-5.1%0000.00151.50N/AN/A1000
2023-04-25$40.11$40.6250.3%14.4%9.0%18.5%36.4%37.0%-9.0%116-2.0K-40.00157.79N/AN/A1010
2023-04-26$39.88$40.6247.8%13.7%8.9%17.3%0.0%41.4%1.7%257-3.8K-80.00143.76N/AN/A0020
2023-04-27$40.39$40.6244.8%12.8%8.4%16.0%0.0%44.2%-5.7%258-4.2K-80.00154.87N/AN/A0020
2023-04-28$40.36$40.6246.2%13.2%8.2%16.6%0.0%45.6%-7.7%252-4.1K-80.00155.00N/AN/A0020