IHDG Options History — May 2025

In May 2025, IHDG traded between $43.57 and $45.39. ATM implied volatility averaged 34.5%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 11.0% (HV 20d: 23.4%). 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

2025-05-13: Highest Volume — 4 contracts
2025-05-14: Largest IV drop — 64.4% change
2025-05-13: Highest IV Rank — 63.9%
2025-05-02: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.73	$43.57	$45.39	$43.57	$45.19
Max Pain	$47.00	$47.00	$47.00	$47.00	$47.00
ATM IV	34.5%	23.7%	66.6%	33.8%	28.9%
Expected Move	7.6%	6.7%	10.3%	9.7%	8.3%
HV 20d	23.4%	12.1%	49.5%	49.5%	14.4%
HV 60d	30.5%	30.2%	30.8%	30.2%	30.8%
IV Rank	21.0%	6.6%	63.9%	20.1%	13.6%
IV Percentile	51.1%	6.0%	97.6%	63.5%	43.3%
Term Structure	-5.6%	-14.1%	-3.1%	-11.1%	-5.9%
VWIV	23.7%	23.7%	23.7%	23.7%	23.7%
Skew 25d	1.8%	-0.3%	4.2%	-0.3%	0.0%
Skew 10d	7.9%	-1.1%	11.3%	-1.1%	6.5%
Call IV 25d	30.4%	24.3%	44.3%	44.3%	36.1%
Put IV 25d	32.2%	28.3%	44.4%	43.9%	36.1%
Bid-Ask Spread %	168.82	161.65	172.47	165.77	167.32
Gamma HHI	0.73	0.52	1.00	1.00	0.52
Net GEX	894	396	1.3K	396	1.3K
Net DEX	-9.5K	-13.3K	-4.8K	-4.8K	-12.6K
Net VEX	-37	-48	-26	-26	-41
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	0.19	0	4	0	0
Total OI	5.286	3	7	3	7

Daily Data (21 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
2025-05-01	$43.57	$0.00	33.8%	9.7%	49.5%	20.1%	0.0%	-0.3%	-11.1%	396	-4.8K	-26	165.77	N/A	N/A	0	3
2025-05-02	$44.20	$0.00	35.9%	10.3%	47.3%	22.8%	0.0%	0.4%	-14.1%	427	-5.4K	-27	161.65	N/A	N/A	0	3
2025-05-05	$44.35	$0.00	40.3%	7.1%	44.1%	28.8%	0.0%	4.0%	-5.5%	436	-5.5K	-27	170.61	N/A	N/A	0	3
2025-05-06	$43.92	$0.00	39.6%	6.8%	43.0%	27.8%	0.0%	2.1%	-3.9%	413	-5.1K	-27	172.47	N/A	N/A	0	3
2025-05-07	$44.11	$0.00	41.2%	6.8%	41.8%	30.0%	0.0%	3.2%	-3.8%	427	-5.3K	-27	171.90	N/A	N/A	0	3
2025-05-08	$44.23	$0.00	45.5%	7.2%	28.9%	35.7%	0.0%	3.5%	-5.5%	431	-5.4K	-27	170.99	N/A	N/A	0	3
2025-05-09	$44.08	$0.00	45.2%	6.9%	19.8%	35.3%	0.0%	2.4%	-3.1%	426	-5.2K	-26	172.16	N/A	N/A	0	3
2025-05-12	$44.98	$0.00	57.2%	6.8%	19.5%	51.3%	0.0%	4.2%	-4.1%	471	-6.2K	-27	167.32	N/A	N/A	0	3
2025-05-13	$45.12	$0.00	66.6%	6.7%	19.3%	63.9%	23.7%	2.3%	-4.7%	487	-6.3K	-27	168.57	N/A	N/A	4	3
2025-05-14	$44.71	$47.00	23.7%	6.8%	19.9%	6.6%	0.0%	1.0%	-4.3%	1.2K	-11.7K	-47	169.94	N/A	N/A	0	7
2025-05-15	$45.03	$47.00	23.9%	6.9%	18.4%	6.9%	0.0%	1.9%	-3.8%	1.2K	-12.5K	-48	169.24	N/A	N/A	0	7
2025-05-16	$45.28	$47.00	24.6%	7.0%	18.1%	7.8%	0.0%	2.4%	-4.4%	1.3K	-13.2K	-48	167.93	N/A	N/A	0	7
2025-05-19	$45.31	$47.00	25.2%	7.2%	14.7%	8.6%	0.0%	2.4%	-4.3%	1.3K	-13.2K	-46	168.31	N/A	N/A	0	7
2025-05-20	$45.36	$47.00	25.6%	7.3%	12.1%	9.1%	0.0%	2.2%	-4.5%	1.3K	-13.3K	-46	167.96	N/A	N/A	0	7
2025-05-21	$44.77	$47.00	25.3%	7.3%	12.6%	8.7%	0.0%	0.4%	-3.7%	1.2K	-11.6K	-44	170.00	N/A	N/A	0	7
2025-05-22	$44.90	$47.00	26.0%	7.4%	12.2%	9.6%	0.0%	1.7%	-5.1%	1.2K	-12.1K	-43	169.17	N/A	N/A	0	7
2025-05-23	$44.48	$47.00	28.5%	8.2%	12.8%	13.0%	0.0%	0.7%	-5.8%	1.1K	-11.0K	-43	170.78	N/A	N/A	0	7
2025-05-27	$45.39	$47.00	29.4%	8.4%	14.3%	14.2%	0.0%	2.3%	-8.1%	1.3K	-13.3K	-43	167.34	N/A	N/A	0	7
2025-05-28	$45.16	$47.00	28.8%	8.2%	14.5%	13.4%	0.0%	0.6%	-6.2%	1.3K	-12.6K	-42	167.60	N/A	N/A	0	7
2025-05-29	$45.16	$47.00	28.5%	8.2%	14.5%	13.1%	0.0%	0.0%	-5.5%	1.3K	-12.6K	-41	168.11	N/A	N/A	0	7
2025-05-30	$45.19	$47.00	28.9%	8.3%	14.4%	13.6%	0.0%	0.0%	-5.9%	1.3K	-12.6K	-41	167.32	N/A	N/A	0	7