IHDG Options History — July 2025

In July 2025, IHDG traded between $44.63 and $46.02. ATM implied volatility averaged 29.1%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 17.0% (HV 20d: 12.1%). Max pain ranged from $46.00 to $46.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2025-07-09: Largest IV drop — 44.3% change
  • 2025-07-08: Highest IV Rank — 28.5%
  • 2025-07-31: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.32$44.63$46.02$44.88$44.63
Max Pain$46.00$46.00$46.00$46.00$46.00
ATM IV29.1%22.5%40.5%30.7%33.0%
Expected Move7.8%6.5%9.5%8.8%9.5%
HV 20d12.1%10.0%13.6%12.5%10.7%
HV 60d16.2%11.8%28.9%28.9%12.2%
IV Rank11.9%4.3%28.5%15.2%14.8%
IV Percentile37.5%0.8%80.6%48.8%57.9%
Term Structure-7.3%-10.8%-4.1%-4.1%-10.8%
Skew 25d2.5%0.8%3.6%0.8%2.9%
Skew 10d7.4%3.8%9.7%3.8%9.7%
Call IV 25d32.2%25.7%41.4%39.1%41.4%
Put IV 25d34.7%27.7%44.3%39.9%44.3%
Bid-Ask Spread %162.49159.55183.15183.15161.52
Gamma HHI1.001.001.001.001.00
Net GEX629565715611621
Net DEX-6.3K-7.3K-4.4K-4.4K-5.1K
Net VEX-15-19-10-17-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI33333

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$44.88$0.0030.7%8.8%12.5%15.2%0.0%0.8%-4.1%611-4.4K-170.00183.15N/AN/A0030
2025-07-02$44.99$0.0031.6%9.1%12.5%16.5%0.0%0.9%-10.6%565-6.0K-180.00181.78N/AN/A0030
2025-07-03$45.25$46.0034.1%7.1%12.6%19.9%0.0%2.0%-6.1%602-6.4K-190.00159.84N/AN/A0030
2025-07-07$44.97$46.0037.3%6.7%12.8%24.2%0.0%2.2%-5.6%594-5.9K-170.00161.04N/AN/A0030
2025-07-08$45.37$46.0040.5%7.1%13.0%28.5%0.0%2.6%-6.6%612-6.5K-180.00160.24N/AN/A0030
2025-07-09$45.53$46.0022.5%6.5%13.1%4.3%0.0%2.2%-4.9%627-6.7K-170.00160.54N/AN/A0030
2025-07-10$45.78$46.0023.0%6.6%13.1%4.9%0.0%2.2%-5.5%630-7.1K-170.00160.28N/AN/A0030
2025-07-11$45.45$46.0024.9%7.2%13.2%7.5%0.0%2.9%-6.4%620-6.6K-170.00160.63N/AN/A0030
2025-07-14$45.33$46.0025.2%7.2%13.3%7.9%0.0%2.8%-6.8%622-6.4K-160.00160.51N/AN/A0030
2025-07-15$45.30$46.0026.6%7.6%12.5%9.8%0.0%2.5%-8.2%615-6.3K-160.00160.56N/AN/A0030
2025-07-16$45.30$46.0026.3%7.5%12.4%9.4%0.0%2.8%-8.1%615-6.3K-160.00160.81N/AN/A0030
2025-07-17$45.44$46.0026.9%7.7%12.4%10.2%0.0%2.7%-6.3%629-6.5K-150.00160.47N/AN/A0030
2025-07-18$45.14$46.0026.1%7.5%12.6%9.1%0.0%2.4%-5.6%627-6.0K-150.00160.28N/AN/A0030
2025-07-21$45.14$46.0027.1%7.8%12.2%10.4%0.0%3.6%-6.2%624-6.0K-140.00160.65N/AN/A0030
2025-07-22$45.19$46.0027.6%7.9%12.1%11.1%0.0%3.1%-7.1%631-6.1K-140.00160.71N/AN/A0030
2025-07-23$46.02$46.0026.9%7.7%13.6%6.1%0.0%2.6%-6.3%658-7.3K-140.00159.55N/AN/A0030
2025-07-24$45.77$46.0027.0%7.7%10.7%6.2%0.0%2.4%-7.5%662-6.9K-130.00160.00N/AN/A0030
2025-07-25$45.80$46.0027.6%7.9%10.6%7.1%0.0%2.4%-7.4%715-6.9K-130.00160.18N/AN/A0030
2025-07-28$45.45$46.0032.0%9.2%10.0%13.3%0.0%2.6%-9.8%659-6.4K-120.00160.01N/AN/A0030
2025-07-29$45.20$46.0031.2%8.9%10.2%12.1%0.0%2.8%-9.9%653-6.0K-110.00160.70N/AN/A0030
2025-07-30$45.09$46.0031.5%9.0%10.1%12.7%0.0%3.2%-10.3%649-5.8K-110.00161.38N/AN/A0030
2025-07-31$44.63$46.0033.0%9.5%10.7%14.8%0.0%2.9%-10.8%621-5.1K-100.00161.52N/AN/A0030