IHF Options History — April 2014

In April 2014, IHF traded between $18.68 and $19.92. ATM implied volatility averaged 27.3%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 11.5% (HV 20d: 15.8%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2014-04-10: Highest Volume — 5 contracts
  • 2014-04-10: Largest IV drop — 47.4% change
  • 2014-04-09: Highest IV Rank — 98.5%
  • 2014-04-03: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.18$18.68$19.92$19.90$18.96
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV27.3%20.3%38.6%28.2%21.4%
Expected Move7.0%5.2%8.6%8.1%6.1%
HV 20d15.8%12.0%18.0%12.0%16.0%
HV 60d14.7%13.2%15.5%13.8%14.2%
IV Rank60.2%36.4%98.5%63.3%40.1%
IV Percentile94.7%86.5%99.6%98.4%86.5%
Term Structure-7.7%-13.4%4.7%-11.1%4.7%
Skew 25d2.7%-8.6%11.0%10.3%2.3%
Skew 10d9.1%-9.5%20.5%18.9%11.8%
Call IV 25d32.8%22.4%42.8%29.6%41.1%
Put IV 25d35.4%20.8%43.5%39.9%43.5%
Bid-Ask Spread %153.69137.86167.54165.86161.98
Gamma HHI0.390.280.560.560.36
Net GEX5.3K-8.1K12.4K12.4K5.2K
Net DEX-185.9K-422.4K-62.5K-422.4K-139.2K
Net VEX-1.6K-1.7K-1.4K-1.6K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.2380500
Total OI517.857515575575515

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$19.90$0.0028.2%8.1%12.0%63.3%0.0%10.3%-11.1%12.4K-422.4K-1.6K0.00165.86N/AN/A00345230
2014-04-02$19.87$0.0029.3%8.4%12.0%66.7%0.0%10.2%-10.9%9.0K-317.7K-1.6K0.00167.54N/AN/A00285230
2014-04-03$19.92$0.0030.0%8.6%12.0%69.1%0.0%11.0%-12.4%10.4K-321.7K-1.6K0.00167.02N/AN/A00285230
2014-04-04$19.55$19.0031.6%5.3%14.0%74.6%0.0%5.2%-3.2%7.7K-265.7K-1.7K0.00142.12N/AN/A00285230
2014-04-07$19.27$19.0035.9%5.6%14.9%89.2%0.0%2.8%-1.1%5.8K-207.0K-1.7K0.00153.25N/AN/A00285230
2014-04-08$19.39$19.0038.2%7.0%15.1%97.2%0.0%5.3%-9.6%5.8K-206.4K-1.7K0.00137.86N/AN/A00285230
2014-04-09$19.61$19.0038.6%5.2%15.6%98.5%0.0%-7.6%-8.2%4.7K-293.8K-1.4K0.00151.32N/AN/A00285230
2014-04-10$19.13$19.0020.3%5.8%17.5%36.4%0.0%1.8%-3.3%4.5K-180.2K-1.7K0.00152.13N/AN/A05285230
2014-04-11$18.88$19.0022.8%6.5%18.0%44.7%0.0%-0.2%-9.1%3.0K-113.9K-1.7K0.00149.03N/AN/A00285230
2014-04-14$18.97$19.0024.3%7.0%17.8%50.0%0.0%6.8%-10.7%5.8K-125.9K-1.7K0.00143.97N/AN/A00285230
2014-04-15$19.07$19.0022.2%6.4%16.9%42.8%0.0%1.7%-3.7%5.3K-153.4K-1.6K0.00149.60N/AN/A00285230
2014-04-16$18.94$19.0025.4%7.3%16.4%53.5%0.0%5.8%-12.2%6.0K-125.5K-1.7K0.00147.00N/AN/A00285230
2014-04-17$18.68$19.0023.0%6.6%16.6%45.4%0.0%2.6%-3.6%6.4K-62.5K-1.7K0.00155.39N/AN/A00285230
2014-04-21$18.70$19.0024.8%7.1%16.6%51.5%0.0%0.3%-10.4%2.2K-75.4K-1.6K0.00158.03N/AN/A00285230
2014-04-22$18.84$19.0029.7%8.5%16.7%68.2%0.0%1.5%-12.5%4.2K-118.3K-1.6K0.00145.68N/AN/A00285230
2014-04-23$18.87$19.0025.0%7.2%16.7%52.3%0.0%-8.6%-13.4%-8.1K-144.9K-1.4K0.00159.21N/AN/A00285230
2014-04-24$19.09$19.0026.2%7.5%17.2%56.3%0.0%2.0%-6.8%6.3K-168.3K-1.5K0.00156.95N/AN/A00285230
2014-04-25$19.10$19.0026.6%7.6%17.1%57.8%0.0%2.9%-10.8%6.6K-168.6K-1.6K0.00157.98N/AN/A00285230
2014-04-28$18.98$19.0028.9%8.3%17.0%65.6%0.0%2.3%-11.3%5.9K-150.5K-1.5K0.00154.50N/AN/A00285230
2014-04-29$18.97$19.0021.6%6.2%16.3%40.8%0.0%-2.0%-2.4%3.1K-143.1K-1.5K0.00151.07N/AN/A00285230
2014-04-30$18.96$19.0021.4%6.1%16.0%40.1%0.0%2.3%4.7%5.2K-139.2K-1.5K0.00161.98N/AN/A00285230