IHDG Options History — July 2024

In July 2024, IHDG traded between $44.72 and $46.80. ATM implied volatility averaged 28.0%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 17.1% (HV 20d: 10.8%). Max pain ranged from $46.00 to $47.00. 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

2024-07-22: Highest Volume — 2 contracts
2024-07-19: Largest IV spike — 40.4% change
2024-07-09: Highest IV Rank — 26.0%
2024-07-30: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.75	$44.72	$46.80	$45.53	$45.66
Max Pain	$46.60	$46.00	$47.00	$47.00	$46.00
ATM IV	28.0%	19.4%	37.5%	30.4%	31.0%
Expected Move	7.5%	5.5%	9.1%	8.7%	8.9%
HV 20d	10.8%	8.4%	14.1%	9.5%	14.1%
HV 60d	9.8%	9.2%	10.6%	9.2%	10.6%
IV Rank	17.5%	9.9%	26.0%	19.7%	20.2%
IV Percentile	30.1%	4.8%	52.8%	38.9%	45.2%
Term Structure	-6.5%	-10.7%	5.0%	-8.8%	-10.3%
VWIV	22.0%	5.4%	30.8%	29.9%	30.8%
Skew 25d	0.2%	-1.1%	1.0%	-0.0%	0.3%
Skew 10d	4.4%	0.5%	7.8%	0.7%	5.4%
Call IV 25d	32.2%	25.7%	39.7%	37.9%	39.7%
Put IV 25d	32.4%	25.9%	40.0%	37.8%	40.0%
Bid-Ask Spread %	170.14	162.43	183.38	182.94	168.75
Gamma HHI	0.77	0.63	1.00	1.00	0.64
Net GEX	845	275	1.1K	702	954
Net DEX	-9.2K	-12.7K	-4.2K	-7.8K	-10.0K
Net VEX	-35	-40	-28	-37	-38
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	1	0
Total OI	4.591	2	5	4	5

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
2024-07-01	$45.53	$47.00	30.4%	8.7%	9.5%	19.7%	29.9%	-0.0%	-8.8%	702	-7.8K	-37	182.94	N/A	N/A	1	4
2024-07-02	$45.55	$46.00	31.0%	8.9%	9.5%	20.2%	0.0%	-0.7%	-9.1%	938	-10.0K	-40	182.39	N/A	N/A	0	5
2024-07-03	$45.86	$46.00	30.2%	8.6%	9.8%	19.5%	0.0%	-1.1%	-9.1%	973	-10.6K	-40	183.38	N/A	N/A	0	5
2024-07-05	$46.09	$0.00	32.3%	6.1%	8.4%	21.4%	0.0%	-0.2%	-3.7%	987	-11.1K	-40	168.76	N/A	N/A	0	5
2024-07-08	$45.92	$0.00	35.7%	6.2%	8.4%	24.4%	0.0%	0.1%	-4.4%	1.0K	-10.6K	-38	168.54	N/A	N/A	0	5
2024-07-09	$45.78	$0.00	37.5%	6.4%	8.4%	26.0%	0.0%	0.0%	-5.4%	986	-10.3K	-37	168.73	N/A	N/A	0	5
2024-07-10	$46.42	$0.00	23.1%	6.6%	9.8%	13.2%	0.0%	0.6%	-5.4%	1.0K	-11.8K	-37	167.35	N/A	N/A	0	5
2024-07-11	$46.41	$0.00	23.6%	6.8%	9.5%	13.7%	0.0%	0.5%	-6.0%	1.0K	-11.8K	-37	166.88	N/A	N/A	0	5
2024-07-12	$46.80	$0.00	22.2%	6.4%	9.4%	12.4%	0.0%	0.6%	-5.5%	1.0K	-12.7K	-36	166.58	N/A	N/A	0	5
2024-07-15	$46.34	$0.00	24.9%	7.1%	9.9%	14.8%	0.0%	0.4%	-7.5%	1.1K	-11.5K	-34	167.13	N/A	N/A	0	5
2024-07-16	$46.55	$0.00	23.9%	6.8%	9.2%	13.9%	0.0%	0.9%	-5.4%	1.1K	-12.0K	-33	167.06	N/A	N/A	0	5
2024-07-17	$45.83	$0.00	23.8%	6.8%	10.8%	13.8%	0.0%	0.3%	-5.7%	1.0K	-10.2K	-32	168.39	N/A	N/A	0	5
2024-07-18	$45.59	$0.00	19.4%	5.5%	10.8%	9.9%	0.0%	1.0%	5.0%	995	-9.6K	-30	162.43	N/A	N/A	0	5
2024-07-19	$45.41	$0.00	27.2%	7.8%	10.7%	16.8%	0.0%	-0.1%	-7.1%	275	-4.2K	-28	168.84	N/A	N/A	0	5
2024-07-22	$45.97	$0.00	26.3%	7.5%	11.6%	16.1%	5.4%	0.8%	-6.2%	292	-4.5K	-28	168.80	N/A	N/A	2	2
2024-07-23	$45.61	$47.00	26.1%	7.5%	11.9%	15.9%	0.0%	0.4%	-6.3%	725	-7.8K	-36	168.78	N/A	N/A	0	4
2024-07-24	$44.86	$47.00	27.8%	8.0%	13.1%	17.4%	0.0%	-0.1%	-7.9%	643	-6.7K	-35	169.66	N/A	N/A	0	4
2024-07-25	$44.72	$47.00	27.8%	8.0%	12.9%	17.4%	0.0%	0.5%	-7.8%	641	-6.4K	-34	169.81	N/A	N/A	0	4
2024-07-26	$45.20	$47.00	28.6%	8.2%	13.6%	18.1%	0.0%	0.2%	-6.7%	674	-7.2K	-34	169.22	N/A	N/A	0	4
2024-07-29	$45.17	$47.00	30.6%	8.8%	13.5%	19.9%	30.8%	0.2%	-10.0%	673	-7.1K	-34	169.07	N/A	N/A	1	4
2024-07-30	$45.16	$46.00	31.8%	9.1%	13.5%	21.0%	0.0%	-0.7%	-10.7%	887	-9.0K	-37	169.54	N/A	N/A	0	5
2024-07-31	$45.66	$46.00	31.0%	8.9%	14.1%	20.2%	0.0%	0.3%	-10.3%	954	-10.0K	-38	168.75	N/A	N/A	0	5