IHDG Options History — January 2024

In January 2024, IHDG traded between $41.38 and $43.00. ATM implied volatility averaged 31.2%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 22.4% (HV 20d: 8.7%). Max pain ranged from $39.00 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-01-29: Highest Volume — 2 contracts
  • 2024-01-10: Largest IV drop — 41.2% change
  • 2024-01-02: Highest IV Rank — 18.5%
  • 2024-01-02: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.04$41.38$43.00$41.70$42.75
Max Pain$39.19$39.00$41.00$41.00$39.00
ATM IV31.2%24.1%49.0%49.0%31.7%
Expected Move8.2%6.6%14.0%14.0%9.1%
HV 20d8.7%6.9%9.9%6.9%9.8%
HV 60d9.3%7.9%9.9%9.8%7.9%
IV Rank10.4%7.3%18.5%18.5%10.7%
IV Percentile14.9%6.3%59.9%59.9%13.5%
Term Structure-6.4%-12.3%-3.4%-8.9%-7.2%
Skew 25d-0.1%-29.3%4.5%-29.3%-0.1%
Skew 10d8.4%-25.9%13.9%-25.9%10.2%
Call IV 25d33.7%24.9%43.4%41.8%42.2%
Put IV 25d33.5%12.4%43.6%12.4%42.1%
Bid-Ask Spread %169.54154.76182.07181.68166.54
Gamma HHI0.240.190.280.270.28
Net GEX8727011.3K7281.3K
Net DEX-33.9K-42.4K-30.0K-30.0K-41.3K
Net VEX-46-63-32-57-63
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.190200
Total OI11.66711141114

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$41.70$41.0049.0%14.0%6.9%18.5%0.0%-29.3%-8.9%728-30.0K-570.00181.68N/AN/A00101
2024-01-03$41.45$41.0036.5%10.5%7.4%12.9%0.0%0.2%-12.3%761-30.7K-470.00182.07N/AN/A00101
2024-01-04$41.55$39.0035.4%6.6%7.3%12.4%0.0%1.2%-5.2%761-31.0K-460.00170.15N/AN/A00101
2024-01-05$41.38$39.0037.5%7.2%7.4%13.3%0.0%1.3%-6.6%755-30.7K-460.00170.68N/AN/A00101
2024-01-08$41.84$39.0038.3%6.7%8.2%13.7%0.0%1.6%-5.5%757-32.0K-420.00169.93N/AN/A00101
2024-01-09$41.63$39.0041.1%6.9%8.0%15.0%0.0%1.0%-6.3%760-31.3K-410.00170.97N/AN/A00101
2024-01-10$41.91$39.0024.1%6.9%8.2%7.3%0.0%0.8%-5.8%758-32.2K-410.00169.80N/AN/A00101
2024-01-11$41.86$39.0024.3%7.0%8.2%7.3%0.0%0.8%-6.8%758-32.1K-400.00169.63N/AN/A00101
2024-01-12$42.09$39.0024.8%7.1%8.0%7.5%0.0%1.9%-6.9%1.2K-32.7K-320.00154.76N/AN/A00101
2024-01-16$41.78$39.0026.4%7.6%8.4%8.3%0.0%0.8%-4.9%784-31.4K-420.00170.19N/AN/A10101
2024-01-17$41.39$39.0028.5%8.2%9.0%9.3%0.0%0.7%-9.0%917-32.5K-500.00170.62N/AN/A00111
2024-01-18$41.84$39.0027.3%7.8%9.7%8.7%0.0%1.3%-6.1%916-34.2K-470.00170.46N/AN/A00111
2024-01-19$41.89$39.0026.7%7.7%9.4%8.4%0.0%0.9%-4.4%708-36.1K-450.00169.84N/AN/A00111
2024-01-22$42.08$39.0028.5%8.2%9.4%9.2%0.0%1.1%-6.4%701-32.5K-410.00169.29N/AN/A10101
2024-01-23$42.00$39.0029.1%8.3%9.2%9.5%0.0%1.0%-6.7%881-33.7K-470.00169.79N/AN/A00111
2024-01-24$42.25$39.0029.6%8.5%9.4%9.7%0.0%1.2%-7.6%880-34.6K-440.00168.28N/AN/A00111
2024-01-25$42.56$39.0029.2%8.4%9.7%9.5%0.0%2.7%-5.3%880-35.7K-430.00167.33N/AN/A00111
2024-01-26$42.89$39.0027.4%7.8%9.9%8.7%0.0%3.3%-3.4%884-36.8K-400.00165.74N/AN/A00111
2024-01-29$43.00$39.0028.9%8.3%9.9%9.4%0.0%4.5%-4.1%898-37.2K-390.00166.23N/AN/A20111
2024-01-30$43.00$39.0030.0%8.6%9.9%9.9%0.0%0.6%-5.1%1.3K-42.4K-630.00166.33N/AN/A00131
2024-01-31$42.75$39.0031.7%9.1%9.8%10.7%0.0%-0.1%-7.2%1.3K-41.3K-630.00166.54N/AN/A00131