IHDG Options History — April 2024

In April 2024, IHDG traded between $43.91 and $46.00. ATM implied volatility averaged 29.1%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 19.4% (HV 20d: 9.7%). Max pain ranged from $36.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2024-04-02: Highest Volume — 2 contracts
2024-04-10: Largest IV drop — 38.7% change
2024-04-09: Highest IV Rank — 25.7%
2024-04-03: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.81	$43.91	$46.00	$46.00	$44.58
Max Pain	$37.23	$36.00	$45.00	$45.00	$36.00
ATM IV	29.1%	23.2%	37.9%	28.5%	32.0%
Expected Move	7.7%	6.3%	9.3%	8.2%	9.2%
HV 20d	9.7%	8.2%	11.5%	8.5%	10.7%
HV 60d	9.5%	8.9%	10.0%	8.9%	10.0%
IV Rank	18.1%	13.0%	25.7%	17.6%	20.7%
IV Percentile	20.8%	6.3%	38.5%	18.7%	29.0%
Term Structure	-6.5%	-10.0%	4.7%	-8.0%	-10.0%
Skew 25d	-3.3%	-14.6%	0.3%	-2.5%	-8.0%
Skew 10d	2.5%	-3.5%	7.3%	7.3%	2.0%
Call IV 25d	32.5%	26.5%	40.6%	37.3%	39.0%
Put IV 25d	29.2%	16.4%	39.2%	34.8%	31.0%
Bid-Ask Spread %	160.31	155.60	182.74	181.38	155.68
Gamma HHI	0.46	0.35	0.58	0.37	0.55
Net GEX	531	97	916	97	555
Net DEX	-37.4K	-39.9K	-31.7K	-36.7K	-37.3K
Net VEX	-15	-23	-9	-10	-9
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	0.182	0	2	0	0
Total OI	11.545	10	14	10	10

Daily Data (22 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
2024-04-01	$46.00	$45.00	28.5%	8.2%	8.5%	17.6%	0.0%	-2.5%	-8.0%	97	-36.7K	-10	181.38	N/A	N/A	0	9	1
2024-04-02	$45.39	$45.00	31.4%	9.0%	9.9%	20.1%	0.0%	-1.8%	-8.7%	97	-35.5K	-10	181.96	N/A	N/A	2	9	1
2024-04-03	$45.45	$45.00	32.6%	9.3%	9.2%	21.2%	0.0%	-1.4%	-9.8%	506	-39.2K	-23	182.74	N/A	N/A	0	11	1
2024-04-04	$44.94	$36.00	31.9%	6.3%	9.7%	20.6%	0.0%	-0.9%	-5.1%	488	-37.7K	-22	156.23	N/A	N/A	0	11	1
2024-04-05	$45.02	$36.00	33.1%	6.4%	9.3%	21.6%	0.0%	-0.5%	-5.1%	473	-37.9K	-22	158.65	N/A	N/A	0	11	1
2024-04-08	$45.11	$36.00	36.8%	6.6%	9.0%	24.8%	0.0%	-0.6%	-4.6%	489	-38.2K	-21	155.62	N/A	N/A	0	11	1
2024-04-09	$45.00	$36.00	37.9%	6.5%	9.1%	25.7%	0.0%	-0.4%	-5.7%	490	-37.8K	-20	155.88	N/A	N/A	0	11	1
2024-04-10	$44.89	$36.00	23.2%	6.6%	8.2%	13.0%	0.0%	-0.9%	-6.2%	485	-37.5K	-19	155.95	N/A	N/A	0	11	1
2024-04-11	$45.20	$36.00	24.7%	7.1%	8.6%	14.4%	0.0%	0.1%	-7.0%	488	-38.4K	-19	155.63	N/A	N/A	0	11	1
2024-04-12	$44.70	$36.00	24.6%	7.0%	9.3%	14.2%	0.0%	-3.9%	-7.2%	469	-37.1K	-18	156.30	N/A	N/A	0	11	1
2024-04-15	$44.59	$36.00	25.5%	7.3%	9.4%	15.0%	0.0%	-6.2%	-7.4%	461	-36.4K	-16	155.88	N/A	N/A	2	11	1
2024-04-16	$44.52	$36.00	26.1%	7.5%	9.3%	15.6%	0.0%	-0.0%	-7.5%	906	-39.9K	-20	159.81	N/A	N/A	0	13	1
2024-04-17	$44.25	$36.00	27.2%	7.8%	9.5%	16.5%	0.0%	-12.0%	-7.6%	916	-38.7K	-17	155.63	N/A	N/A	0	13	1
2024-04-18	$44.09	$36.00	26.5%	7.6%	9.0%	15.9%	0.0%	-14.6%	4.7%	913	-37.9K	-16	155.60	N/A	N/A	0	13	1
2024-04-19	$43.91	$36.00	27.0%	7.7%	8.6%	16.3%	0.0%	-0.2%	-5.7%	532	-31.7K	-13	160.94	N/A	N/A	0	13	1
2024-04-22	$44.50	$36.00	30.2%	8.6%	10.1%	19.1%	0.0%	0.3%	-8.6%	538	-37.2K	-12	159.73	N/A	N/A	0	10	0
2024-04-23	$44.89	$36.00	27.4%	7.9%	10.7%	16.7%	0.0%	-0.7%	-6.3%	560	-38.0K	-11	156.25	N/A	N/A	0	10	0
2024-04-24	$44.67	$36.00	27.5%	7.9%	10.7%	16.8%	0.0%	-5.9%	-6.9%	556	-37.5K	-11	156.04	N/A	N/A	0	10	0
2024-04-25	$44.39	$36.00	30.2%	8.7%	10.5%	19.1%	0.0%	-9.7%	-8.6%	547	-37.0K	-11	156.16	N/A	N/A	0	10	0
2024-04-26	$44.91	$36.00	25.6%	7.3%	11.5%	15.1%	0.0%	0.3%	-1.3%	553	-38.0K	-11	159.15	N/A	N/A	0	10	0
2024-04-29	$44.75	$36.00	30.1%	8.6%	11.5%	19.1%	0.0%	-4.0%	-9.2%	562	-37.6K	-9	155.64	N/A	N/A	0	10	0
2024-04-30	$44.58	$36.00	32.0%	9.2%	10.7%	20.7%	0.0%	-8.0%	-10.0%	555	-37.3K	-9	155.68	N/A	N/A	0	10	0