IHDG Options History — January 2025

In January 2025, IHDG traded between $43.64 and $46.15. ATM implied volatility averaged 33.3%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 23.9% (HV 20d: 9.4%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-01-21: Highest Volume — 3 contracts
  • 2025-01-15: Largest IV drop — 65.6% change
  • 2025-01-14: Highest IV Rank — 89.3%
  • 2025-01-02: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.77$43.64$46.15$43.74$46.03
Max Pain$47.00$47.00$47.00$47.00$47.00
ATM IV33.3%23.8%69.9%33.1%27.8%
Expected Move7.3%6.4%9.5%9.5%8.0%
HV 20d9.4%8.5%10.7%9.3%8.7%
HV 60d10.7%10.2%11.1%11.1%10.3%
IV Rank25.4%8.8%89.3%25.0%15.8%
IV Percentile48.6%9.9%99.2%63.5%45.6%
Term Structure-5.0%-11.3%4.9%-11.3%-6.9%
Skew 25d0.3%-1.4%8.0%-1.4%-0.6%
Skew 10d3.1%-2.0%30.0%-1.6%4.3%
Call IV 25d31.0%24.9%43.9%43.4%34.9%
Put IV 25d31.2%26.4%42.9%42.0%34.3%
Bid-Ask Spread %174.61172.23177.96176.95172.23
Gamma HHI0.800.501.001.000.50
Net GEX538292895292895
Net DEX-5.8K-11.8K-2.1K-2.4K-11.5K
Net VEX-26-50-8-11-48
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.150300
Total OI3.22525

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$43.74$0.0033.1%9.5%9.3%25.0%0.0%-1.4%-11.3%292-2.4K-110.00176.95N/AN/A0020
2025-01-03$43.77$0.0032.8%9.4%9.0%24.4%0.0%-0.9%-10.7%297-2.3K-100.00177.96N/AN/A0020
2025-01-06$44.11$47.0037.3%6.4%9.6%32.3%0.0%0.1%-4.1%321-2.5K-110.00173.69N/AN/A0020
2025-01-07$44.23$47.0041.5%6.8%9.6%39.8%0.0%-0.2%-5.3%323-2.6K-110.00175.42N/AN/A0020
2025-01-08$44.36$47.0042.8%6.7%9.7%41.9%0.0%0.1%-4.7%333-2.7K-110.00174.17N/AN/A0020
2025-01-10$44.16$47.0045.1%6.5%9.6%46.0%0.0%-0.3%-3.8%323-2.5K-100.00173.76N/AN/A0020
2025-01-13$43.83$47.0058.5%6.9%9.5%69.4%0.0%0.2%-5.0%303-2.3K-90.00174.08N/AN/A0020
2025-01-14$43.64$47.0069.9%6.9%9.0%89.3%0.0%0.0%-5.2%294-2.1K-80.00173.87N/AN/A0020
2025-01-15$44.20$47.0024.1%6.9%10.3%9.2%0.0%0.3%-5.5%325-2.5K-100.00174.99N/AN/A0020
2025-01-16$44.44$47.0024.9%7.1%10.4%10.8%0.0%0.2%4.9%340-2.7K-100.00175.71N/AN/A0020
2025-01-17$44.72$47.0023.9%6.8%10.7%8.9%0.0%0.3%-3.2%355-2.9K-100.00176.14N/AN/A0020
2025-01-21$45.11$47.0023.8%6.8%10.0%8.8%0.0%0.2%-3.5%388-3.1K-100.00175.68N/AN/A3020
2025-01-22$45.25$47.0025.1%7.2%10.0%11.1%0.0%-0.0%-3.6%808-10.1K-500.00174.87N/AN/A0050
2025-01-23$45.42$47.0025.7%7.4%8.7%12.1%0.0%-0.2%-4.8%831-10.4K-490.00175.18N/AN/A0050
2025-01-24$45.61$47.0024.2%6.9%8.5%9.4%0.0%-0.2%-4.8%860-10.7K-500.00175.19N/AN/A0050
2025-01-27$45.33$47.0025.9%7.4%9.0%12.4%0.0%-0.2%-5.2%835-10.1K-480.00173.26N/AN/A0050
2025-01-28$45.61$47.0026.4%7.6%9.0%13.3%0.0%-0.1%-5.7%851-10.7K-490.00173.51N/AN/A0050
2025-01-29$45.75$47.0026.9%7.7%8.6%14.2%0.0%8.0%-6.4%890-10.9K-490.00172.93N/AN/A0050
2025-01-30$46.15$47.0026.6%7.6%8.6%13.6%0.0%-0.2%-5.5%886-11.8K-480.00172.73N/AN/A0050
2025-01-31$46.03$47.0027.8%8.0%8.7%15.8%0.0%-0.6%-6.9%895-11.5K-480.00172.23N/AN/A0050