IHDG Options History — March 2025

In March 2025, IHDG traded between $43.52 and $46.21. ATM implied volatility averaged 30.0%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 15.7% (HV 20d: 14.3%). Max pain ranged from $47.00 to $47.00. 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

  • 2025-03-05: Highest Volume — 3 contracts
  • 2025-03-11: Largest IV drop — 35.1% change
  • 2025-03-10: Highest IV Rank — 38.8%
  • 2025-03-14: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.92$43.52$46.21$45.91$43.52
Max Pain$47.00$47.00$47.00$47.00$47.00
ATM IV30.0%25.9%41.0%31.0%34.4%
Expected Move8.6%6.2%13.3%8.9%6.8%
HV 20d14.3%10.5%16.1%10.8%16.1%
HV 60d11.7%9.9%12.6%10.0%12.6%
IV Rank19.6%12.4%38.8%21.4%27.4%
IV Percentile50.8%29.4%84.1%56.3%70.2%
Term Structure-5.8%-9.9%-2.8%-7.1%-9.9%
VWIV6.8%6.8%6.8%6.8%6.8%
Skew 25d0.3%-1.0%1.0%-0.9%0.2%
Skew 10d-2.0%-11.3%4.6%4.6%-8.6%
Call IV 25d32.7%26.4%40.9%38.2%40.9%
Put IV 25d32.9%26.9%41.1%37.4%41.1%
Bid-Ask Spread %177.17174.68179.36179.36174.86
Gamma HHI0.740.511.001.001.00
Net GEX7414111.1K452411
Net DEX-8.4K-12.6K-4.8K-7.3K-4.8K
Net VEX-37-47-30-36-30
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1430300
Total OI4.7143633

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$45.91$0.0031.0%8.9%10.8%21.4%0.0%-0.9%-7.1%452-7.3K-360.00179.36N/AN/A0030
2025-03-04$45.84$0.0031.0%8.9%10.5%21.4%0.0%-0.7%-7.7%448-7.2K-360.00178.75N/AN/A0030
2025-03-05$46.21$0.0033.1%9.5%10.8%25.0%6.8%0.5%-4.2%458-7.7K-360.00178.14N/AN/A3030
2025-03-06$45.56$47.0034.4%9.9%11.6%27.3%0.0%0.6%-2.8%1.1K-12.1K-470.00179.15N/AN/A0060
2025-03-07$45.78$47.0033.5%9.6%11.5%25.7%0.0%0.6%-4.2%1.1K-12.6K-460.00178.83N/AN/A0060
2025-03-10$44.55$47.0041.0%11.8%14.8%38.8%0.0%-1.0%-4.3%952-9.6K-420.00178.42N/AN/A0060
2025-03-11$44.34$47.0026.6%12.6%13.5%13.7%0.0%0.1%-4.6%927-9.1K-420.00177.51N/AN/A0060
2025-03-12$44.35$47.0026.7%12.9%13.5%13.9%0.0%0.6%-4.8%934-9.0K-410.00178.57N/AN/A0060
2025-03-13$44.02$47.0026.3%13.1%13.4%13.2%0.0%0.7%-3.4%877-8.3K-390.00177.40N/AN/A0060
2025-03-14$44.93$47.0025.9%13.3%15.7%12.4%0.0%1.0%-4.7%1.0K-10.2K-410.00179.31N/AN/A0060
2025-03-17$45.28$0.0026.5%6.2%16.1%13.5%0.0%0.4%-4.6%1.1K-11.1K-400.00176.30N/AN/A0060
2025-03-18$45.14$0.0027.2%6.3%15.6%14.8%0.0%0.7%-5.0%1.1K-10.7K-390.00175.88N/AN/A0060
2025-03-19$45.39$0.0027.4%6.4%15.6%15.0%0.0%1.0%-4.7%1.1K-11.3K-380.00175.91N/AN/A0060
2025-03-20$45.09$0.0027.0%6.2%15.7%14.3%0.0%0.7%-5.6%1.1K-10.4K-360.00176.96N/AN/A0060
2025-03-21$44.81$0.0027.5%6.2%15.6%15.2%0.0%0.5%-6.2%430-6.0K-330.00176.62N/AN/A0060
2025-03-24$44.89$0.0028.9%6.3%15.6%17.6%0.0%0.1%-7.2%438-6.1K-330.00176.32N/AN/A0030
2025-03-25$45.06$0.0028.9%6.4%15.7%17.7%0.0%-0.4%-5.9%442-6.2K-330.00176.50N/AN/A0030
2025-03-26$44.53$0.0029.9%6.3%16.1%19.4%0.0%-0.2%-7.0%443-5.9K-330.00174.68N/AN/A0030
2025-03-27$44.40$0.0032.1%6.7%15.6%23.3%0.0%0.5%-9.3%439-5.8K-330.00176.02N/AN/A0030
2025-03-28$43.80$0.0031.1%6.6%16.1%21.5%0.0%0.3%-8.5%416-5.2K-310.00175.02N/AN/A0030
2025-03-31$43.52$0.0034.4%6.8%16.1%27.4%0.0%0.2%-9.9%411-4.8K-300.00174.86N/AN/A0030