IHF Options History — August 2014

In August 2014, IHF traded between $20.64 and $21.92. ATM implied volatility averaged 19.5%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 6.1% (HV 20d: 13.3%). Max pain ranged from $20.60 to $20.60. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2014-08-21: Highest Volume — 55 contracts
2014-08-21: Largest IV spike — 56.2% change
2014-08-13: Highest IV Rank — 42.0%
2014-08-07: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.24	$20.64	$21.92	$20.77	$21.92
Max Pain	$20.60	$20.60	$20.60	$20.60	$20.60
ATM IV	19.5%	9.6%	31.2%	29.7%	15.3%
Expected Move	4.1%	3.2%	4.6%	4.4%	3.9%
HV 20d	13.3%	10.6%	14.3%	13.2%	10.7%
HV 60d	10.7%	10.1%	11.0%	10.6%	10.8%
IV Rank	19.2%	0.0%	42.0%	39.1%	11.1%
IV Percentile	57.2%	0.4%	91.3%	90.5%	44.4%
Term Structure	-0.9%	-13.6%	8.8%	-13.6%	-1.5%
VWIV	14.2%	14.2%	14.2%	14.2%	14.2%
Skew 25d	2.6%	-5.3%	14.9%	4.5%	3.3%
Skew 10d	3.9%	-5.3%	16.0%	16.0%	6.6%
Call IV 25d	16.8%	7.4%	37.8%	37.8%	15.7%
Put IV 25d	19.4%	13.6%	42.3%	42.3%	19.1%
Bid-Ask Spread %	105.49	79.16	120.84	91.53	117.66
Gamma HHI	0.25	0.20	0.32	0.32	0.26
Net GEX	19.6K	7.9K	27.8K	23.9K	16.7K
Net DEX	-524.1K	-842.2K	-248.5K	-631.0K	-327.4K
Net VEX	-1.3K	-1.5K	-974	-1.2K	-1.4K
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	7.381	0	55	0	0
Total OI	436.667	290	590	490	345

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	Put Vol	Call OI	Put OI
2014-08-01	$20.77	$20.60	29.7%	4.4%	13.2%	39.1%	0.0%	4.5%	-13.6%	23.9K	-631.0K	-1.2K	91.53	N/A	N/A	0	0	425	65
2014-08-04	$20.99	$20.60	16.2%	4.5%	13.0%	12.9%	0.0%	1.4%	-0.2%	7.9K	-715.8K	-974	86.05	N/A	N/A	0	0	425	65
2014-08-05	$20.87	$20.60	21.9%	4.5%	12.5%	24.0%	0.0%	1.1%	-0.7%	17.7K	-690.3K	-1.1K	97.14	N/A	N/A	0	0	425	65
2014-08-06	$20.94	$20.60	21.8%	4.4%	12.5%	23.7%	0.0%	2.1%	-1.4%	15.5K	-698.8K	-1.0K	96.04	N/A	N/A	0	0	425	65
2014-08-07	$20.64	$20.60	25.0%	4.6%	13.6%	29.9%	0.0%	-5.3%	-4.6%	20.2K	-665.6K	-1.1K	79.16	N/A	N/A	50	0	425	65
2014-08-08	$20.80	$20.60	23.0%	4.6%	13.8%	26.0%	0.0%	1.8%	0.7%	21.5K	-719.7K	-1.2K	93.86	N/A	N/A	50	0	475	65
2014-08-11	$20.76	$20.60	29.3%	4.4%	13.5%	38.3%	0.0%	-2.9%	2.4%	27.8K	-758.6K	-1.5K	87.58	N/A	N/A	0	0	525	65
2014-08-12	$20.74	$20.60	30.5%	4.5%	13.5%	40.5%	0.0%	0.9%	-2.1%	26.9K	-754.8K	-1.4K	98.60	N/A	N/A	0	0	525	65
2014-08-13	$20.98	$20.60	31.2%	3.5%	13.8%	42.0%	0.0%	2.8%	0.6%	24.0K	-787.3K	-1.3K	120.20	N/A	N/A	0	0	525	65
2014-08-14	$21.16	$20.60	15.6%	3.8%	14.1%	11.7%	0.0%	3.7%	-0.6%	21.0K	-833.0K	-1.4K	120.84	N/A	N/A	0	0	525	65
2014-08-15	$21.07	$20.60	15.2%	4.1%	13.8%	10.8%	0.0%	2.4%	-1.2%	20.5K	-842.2K	-1.3K	115.61	N/A	N/A	0	0	525	65
2014-08-18	$21.34	$20.60	15.0%	4.0%	14.3%	10.5%	0.0%	4.2%	-0.5%	21.8K	-248.5K	-1.3K	118.79	N/A	N/A	0	0	240	50
2014-08-19	$21.51	$20.60	16.1%	3.6%	14.1%	12.6%	0.0%	1.9%	1.5%	20.9K	-289.8K	-1.3K	109.60	N/A	N/A	0	0	240	50
2014-08-20	$21.51	$20.60	9.6%	3.2%	14.1%	0.0%	0.0%	14.9%	8.8%	18.3K	-282.3K	-1.3K	84.05	N/A	N/A	0	0	240	50
2014-08-21	$21.56	$20.60	15.0%	3.9%	14.1%	10.5%	14.2%	3.7%	-0.5%	20.6K	-287.5K	-1.3K	114.13	N/A	N/A	0	55	240	50
2014-08-22	$21.54	$20.60	15.0%	4.0%	13.9%	10.6%	0.0%	2.7%	-0.4%	16.9K	-268.7K	-1.5K	118.21	N/A	N/A	0	0	240	105
2014-08-25	$21.57	$20.60	15.4%	4.0%	13.5%	11.4%	0.0%	2.9%	-1.8%	17.1K	-275.6K	-1.5K	116.25	N/A	N/A	0	0	240	105
2014-08-26	$21.73	$20.60	15.6%	3.9%	13.6%	11.7%	0.0%	3.2%	-1.1%	17.9K	-306.3K	-1.4K	114.44	N/A	N/A	0	0	240	105
2014-08-27	$21.83	$20.60	15.9%	4.0%	13.6%	12.2%	0.0%	2.8%	-1.8%	17.6K	-313.1K	-1.4K	115.67	N/A	N/A	0	0	240	105
2014-08-28	$21.79	$20.60	16.3%	3.9%	10.6%	13.0%	0.0%	3.5%	-1.7%	17.0K	-310.8K	-1.4K	119.89	N/A	N/A	0	0	240	105
2014-08-29	$21.92	$20.60	15.3%	3.9%	10.7%	11.1%	0.0%	3.3%	-1.5%	16.7K	-327.4K	-1.4K	117.66	N/A	N/A	0	0	240	105