IHF Options History — February 2017

In February 2017, IHF traded between $25.93 and $27.33. ATM implied volatility averaged 11.8%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 0.6% (HV 20d: 11.2%). Max pain ranged from $25.60 to $26.40. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 2.07.

Notable Days

2017-02-16: Highest Volume — 470 contracts
2017-02-09: Largest IV drop — 18.9% change
2017-02-28: Highest IV Rank — 17.5%
2017-02-28: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.53	$25.93	$27.33	$26.15	$27.14
Max Pain	$26.32	$25.60	$26.40	$25.60	$26.40
ATM IV	11.8%	10.5%	13.5%	11.2%	13.5%
Expected Move	3.5%	3.0%	3.9%	3.2%	3.9%
HV 20d	11.2%	8.5%	13.7%	10.3%	13.1%
HV 60d	11.4%	10.2%	13.9%	13.9%	10.9%
IV Rank	8.1%	0.4%	17.5%	4.2%	17.5%
IV Percentile	10.3%	0.4%	33.7%	1.6%	33.7%
Term Structure	1.3%	-0.9%	10.8%	1.0%	-0.9%
VWIV	12.7%	10.7%	14.4%	12.7%	14.0%
Skew 25d	1.6%	-1.7%	4.2%	4.2%	1.2%
Skew 10d	3.0%	-1.2%	8.8%	8.8%	-1.0%
Call IV 25d	11.6%	9.9%	13.3%	9.9%	13.3%
Put IV 25d	13.2%	10.8%	14.8%	14.2%	14.5%
Bid-Ask Spread %	88.93	59.01	108.72	108.72	98.03
Gamma HHI	0.42	0.19	0.92	0.19	0.40
Net GEX	-25.4K	-75.4K	-2.7K	-18.7K	-10.5K
Net DEX	-235.1K	-522.6K	32.5K	-210.0K	-14.3K
Net VEX	-468	-947	-255	-947	-477
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.07	1.45	4.67	1.45	3.00
Total Volume	331.053	85	470	405	200
Total OI	603.158	110	870	805	170

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-02-01	$26.15	$25.60	11.2%	3.2%	10.3%	4.2%	12.7%	4.2%	1.0%	-18.7K	-210.0K	-947	1.45	108.72	N/A	N/A	165	240	235	570
2017-02-02	$25.99	$0.00	12.4%	3.7%	8.5%	11.2%	0.0%	1.6%	1.7%	-10.0K	-213.3K	-863	1.45	71.98	N/A	N/A	165	240	235	570
2017-02-03	$26.24	$0.00	10.9%	3.6%	9.1%	2.5%	0.0%	1.4%	0.4%	-14.5K	-299.9K	-693	1.45	74.66	N/A	N/A	165	240	235	570
2017-02-06	$25.98	$0.00	11.5%	3.5%	9.9%	6.0%	0.0%	1.1%	0.5%	-7.5K	-276.4K	-608	1.45	80.27	N/A	N/A	165	240	235	570
2017-02-07	$25.93	$0.00	11.3%	3.5%	9.8%	4.8%	0.0%	1.9%	1.0%	-2.7K	-228.5K	-633	1.45	89.52	N/A	N/A	165	240	235	570
2017-02-08	$26.03	$0.00	13.4%	3.8%	9.5%	16.5%	0.0%	3.1%	1.2%	-4.2K	-273.8K	-533	1.45	65.64	N/A	N/A	165	240	235	570
2017-02-09	$26.33	$0.00	10.9%	3.1%	10.3%	2.6%	0.0%	2.7%	1.5%	-20.2K	-386.3K	-405	1.45	81.07	N/A	N/A	165	240	235	570
2017-02-10	$26.31	$0.00	12.2%	3.5%	10.2%	10.3%	0.0%	2.0%	1.4%	-29.9K	-400.8K	-423	1.45	59.01	N/A	N/A	165	240	235	570
2017-02-13	$26.33	$0.00	10.9%	3.1%	10.2%	3.0%	0.0%	1.8%	1.7%	-29.5K	-395.9K	-354	1.45	99.80	N/A	N/A	165	240	235	570
2017-02-14	$26.57	$0.00	10.5%	3.0%	10.6%	0.4%	10.7%	2.1%	2.0%	-58.3K	-496.0K	-255	1.79	99.03	N/A	N/A	165	295	235	570
2017-02-15	$26.81	$26.40	10.8%	3.1%	10.8%	2.4%	11.6%	1.0%	1.0%	-67.5K	-522.6K	-275	1.79	97.82	N/A	N/A	165	295	235	625
2017-02-16	$26.71	$26.40	11.2%	3.2%	10.8%	4.6%	13.1%	1.6%	1.3%	-75.4K	-487.8K	-369	1.85	94.39	N/A	N/A	165	305	235	625
2017-02-17	$26.39	$26.40	12.7%	3.6%	11.8%	12.9%	12.6%	1.1%	-0.1%	-58.0K	-329.0K	-364	1.85	96.34	N/A	N/A	165	305	235	635
2017-02-21	$26.93	$26.40	12.1%	3.5%	13.7%	9.6%	11.5%	0.3%	10.8%	-15.8K	30.1K	-320	4.67	96.75	N/A	N/A	15	70	15	95
2017-02-22	$26.89	$26.40	12.8%	3.7%	13.7%	13.3%	12.9%	-1.7%	0.2%	-16.0K	32.5K	-309	4.67	94.66	N/A	N/A	15	70	15	95
2017-02-23	$26.97	$26.40	12.0%	3.4%	13.6%	8.8%	13.1%	1.0%	0.3%	-18.9K	20.8K	-288	2.38	90.95	N/A	N/A	40	95	15	95
2017-02-24	$27.06	$26.40	12.4%	3.6%	13.5%	11.3%	13.1%	3.1%	0.3%	-14.2K	-2.9K	-353	2.38	96.37	N/A	N/A	40	95	40	120
2017-02-27	$27.33	$26.40	12.4%	3.6%	13.5%	11.5%	14.4%	0.6%	0.1%	-11.3K	-12.4K	-417	1.90	94.59	N/A	N/A	50	95	40	120
2017-02-28	$27.14	$26.40	13.5%	3.9%	13.1%	17.5%	14.0%	1.2%	-0.9%	-10.5K	-14.3K	-477	3.00	98.03	N/A	N/A	50	150	50	120