IHDG Options History — August 2023

In August 2023, IHDG traded between $38.98 and $40.17. ATM implied volatility averaged 49.2%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 39.1% (HV 20d: 10.0%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2023-08-23: Highest Volume — 2 contracts
2023-08-09: Largest IV drop — 43.9% change
2023-08-08: Highest IV Rank — 25.7%
2023-08-31: Largest Expected Move — 15.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.60	$38.98	$40.17	$40.17	$39.89
Max Pain	$40.65	$40.00	$41.00	$40.00	$40.00
ATM IV	49.2%	37.1%	66.0%	52.6%	55.1%
Expected Move	12.8%	10.2%	15.8%	15.1%	15.8%
HV 20d	10.0%	8.9%	11.6%	11.2%	10.4%
HV 60d	10.9%	10.3%	11.4%	10.9%	10.3%
IV Rank	17.6%	12.1%	25.7%	19.5%	20.2%
IV Percentile	53.7%	19.0%	88.1%	67.5%	71.4%
Term Structure	-6.4%	-11.2%	7.3%	-9.6%	-11.2%
VWIV	30.4%	30.4%	30.4%	30.4%	30.4%
Skew 25d	18.4%	-35.1%	53.8%	43.8%	-18.2%
Skew 10d	17.5%	-33.1%	57.9%	-28.6%	-33.1%
Call IV 25d	30.6%	13.7%	49.5%	44.7%	27.1%
Put IV 25d	48.9%	8.8%	95.2%	88.4%	8.8%
Bid-Ask Spread %	177.38	158.26	184.38	158.26	181.20
Gamma HHI	0.35	0.33	0.40	0.36	0.34
Net GEX	200	-7	364	214	364
Net DEX	-2.4K	-5.2K	366	-3.3K	-3.7K
Net VEX	-34	-39	-29	-37	-36
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.13	0	2	0	1
Total OI	5.13	4	6	5	6

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-08-01	$40.17	$40.00	52.6%	15.1%	11.2%	19.5%	0.0%	43.8%	-9.6%	214	-3.3K	-37	158.26	N/A	N/A	0	3	2
2023-08-02	$39.72	$40.00	53.8%	15.4%	11.6%	20.1%	0.0%	45.7%	-11.2%	193	-2.6K	-36	161.10	N/A	N/A	0	3	2
2023-08-03	$39.50	$41.00	59.1%	10.7%	9.4%	22.5%	0.0%	27.9%	-4.6%	189	-2.3K	-36	184.38	N/A	N/A	0	3	2
2023-08-04	$39.34	$41.00	60.9%	10.8%	9.3%	23.3%	0.0%	-20.9%	-6.3%	202	-1.9K	-36	184.34	N/A	N/A	0	3	2
2023-08-07	$39.72	$41.00	63.0%	10.2%	9.8%	24.3%	0.0%	-5.4%	-4.7%	197	-2.5K	-35	173.66	N/A	N/A	0	3	2
2023-08-08	$39.81	$41.00	66.0%	10.4%	9.8%	25.7%	0.0%	12.2%	-5.3%	182	-2.7K	-35	175.54	N/A	N/A	0	3	2
2023-08-09	$39.88	$41.00	37.1%	10.6%	9.4%	12.4%	0.0%	49.3%	-5.3%	211	-2.8K	-35	182.56	N/A	N/A	0	3	2
2023-08-10	$40.02	$41.00	38.0%	10.9%	8.9%	12.9%	0.0%	50.3%	-5.7%	261	-3.0K	-34	179.85	N/A	N/A	0	3	2
2023-08-11	$39.80	$41.00	37.6%	10.8%	9.1%	12.1%	0.0%	50.4%	-5.6%	198	-2.7K	-34	175.54	N/A	N/A	0	3	2
2023-08-14	$39.88	$41.00	39.1%	11.2%	9.0%	12.8%	0.0%	53.8%	-6.4%	150	-3.0K	-33	174.97	N/A	N/A	0	3	2
2023-08-15	$39.45	$41.00	42.5%	12.2%	9.7%	14.4%	0.0%	7.5%	-6.1%	321	-1.3K	-31	173.70	N/A	N/A	0	3	2
2023-08-16	$39.39	$41.00	43.0%	12.3%	9.7%	14.6%	0.0%	-14.3%	-6.7%	125	-2.0K	-32	179.06	N/A	N/A	0	3	2
2023-08-17	$38.98	$41.00	42.9%	12.3%	10.3%	14.6%	0.0%	34.7%	7.3%	144	-1.4K	-31	181.69	N/A	N/A	0	3	2
2023-08-18	$39.03	$41.00	42.8%	12.3%	9.8%	14.5%	0.0%	35.3%	-4.5%	24	327	-30	181.88	N/A	N/A	0	3	2
2023-08-21	$39.17	$41.00	45.4%	13.0%	9.9%	15.7%	0.0%	37.4%	-5.1%	25	177	-30	179.98	N/A	N/A	0	2	2
2023-08-22	$39.09	$41.00	46.8%	13.4%	9.9%	16.3%	0.0%	-28.8%	-6.3%	-7	366	-29	176.59	N/A	N/A	0	2	2
2023-08-23	$39.42	$41.00	49.1%	14.1%	10.4%	17.4%	30.4%	38.3%	-7.5%	42	-73	-29	178.32	N/A	N/A	2	2	2
2023-08-24	$39.08	$40.00	48.2%	13.8%	10.2%	17.0%	0.0%	-13.1%	-6.0%	261	-2.8K	-39	176.58	N/A	N/A	0	4	2
2023-08-25	$39.45	$40.00	51.6%	14.8%	10.5%	18.6%	0.0%	-16.6%	-9.2%	358	-3.4K	-39	177.74	N/A	N/A	0	4	2
2023-08-28	$39.78	$40.00	50.3%	14.4%	11.0%	18.0%	0.0%	46.5%	-9.1%	313	-4.1K	-38	182.42	N/A	N/A	0	4	2
2023-08-29	$40.14	$40.00	51.9%	14.9%	11.3%	18.7%	0.0%	41.9%	-8.1%	283	-5.2K	-37	182.65	N/A	N/A	0	4	2
2023-08-30	$40.05	$40.00	54.0%	15.5%	10.5%	19.7%	0.0%	-35.1%	-10.4%	352	-4.7K	-37	177.64	N/A	N/A	0	4	2
2023-08-31	$39.89	$40.00	55.1%	15.8%	10.4%	20.2%	0.0%	-18.2%	-11.2%	364	-3.7K	-36	181.20	N/A	N/A	1	4	2