IHF Options History — April 2017

In April 2017, IHF traded between $26.67 and $27.46. ATM implied volatility averaged 10.9%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 2.2% (HV 20d: 8.7%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.87.

Notable Days

2017-04-18: Highest Volume — 205 contracts
2017-04-12: Largest IV spike — 23.5% change
2017-04-18: Highest IV Rank — 22.9%
2017-04-18: Largest Expected Move — 3.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.00	$26.67	$27.46	$26.87	$27.46
Max Pain	$26.26	$26.00	$27.00	$27.00	$26.40
ATM IV	10.9%	9.3%	13.2%	10.0%	10.1%
Expected Move	3.2%	2.7%	3.8%	2.9%	2.9%
HV 20d	8.7%	6.3%	10.9%	10.9%	6.3%
HV 60d	11.0%	10.6%	11.1%	11.0%	10.6%
IV Rank	10.5%	2.4%	22.9%	5.8%	6.2%
IV Percentile	11.2%	0.8%	41.7%	1.6%	4.4%
Term Structure	0.9%	-0.5%	3.2%	1.3%	1.1%
VWIV	12.2%	8.9%	14.1%	10.0%	10.4%
Skew 25d	2.6%	-0.8%	5.0%	2.8%	2.3%
Skew 10d	3.8%	-1.2%	7.1%	2.0%	-0.8%
Call IV 25d	10.3%	8.6%	11.5%	8.6%	9.8%
Put IV 25d	12.9%	10.5%	14.6%	11.4%	12.1%
Bid-Ask Spread %	96.72	80.75	116.26	108.78	104.87
Gamma HHI	0.27	0.23	0.35	0.24	0.31
Net GEX	-13.5K	-23.9K	3.4K	-16.2K	3.4K
Net DEX	-17.7K	-92.3K	41.1K	8.6K	-86.4K
Net VEX	-362	-531	-154	-531	-154
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.87	1.56	3.38	1.79	3.38
Total Volume	181.842	125	205	195	175
Total OI	205	155	230	220	160

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
2017-04-03	$26.87	$27.00	10.0%	2.9%	10.9%	5.8%	10.0%	2.8%	1.3%	-16.2K	8.6K	-531	1.79	108.78	N/A	N/A	70	125	70	150
2017-04-04	$26.67	$27.00	9.9%	2.8%	10.5%	5.2%	8.9%	-0.8%	3.2%	-17.7K	32.1K	-526	1.79	105.53	N/A	N/A	70	125	70	150
2017-04-05	$26.74	$27.00	10.2%	2.9%	10.5%	6.8%	9.5%	-0.2%	0.9%	-17.1K	25.4K	-509	1.79	116.26	N/A	N/A	70	125	70	150
2017-04-06	$26.83	$26.00	10.0%	3.3%	10.6%	5.6%	13.6%	3.7%	1.2%	-18.0K	31.3K	-524	1.79	80.75	N/A	N/A	70	125	70	150
2017-04-07	$26.83	$26.00	10.2%	3.2%	10.6%	6.8%	12.6%	1.7%	0.7%	-18.8K	25.1K	-489	1.79	92.18	N/A	N/A	70	125	70	150
2017-04-10	$26.96	$26.00	10.0%	3.4%	10.8%	5.6%	14.1%	3.9%	0.3%	-16.2K	-3.7K	-450	1.79	84.09	N/A	N/A	70	125	70	150
2017-04-11	$27.01	$26.00	9.9%	3.3%	10.3%	5.2%	12.8%	3.8%	0.9%	-23.0K	-19.5K	-405	1.79	90.77	N/A	N/A	70	125	70	150
2017-04-12	$26.91	$26.00	12.2%	3.5%	9.3%	17.4%	12.1%	3.4%	0.3%	-18.1K	-13.1K	-411	1.79	99.80	N/A	N/A	70	125	70	150
2017-04-13	$26.83	$26.00	12.5%	3.6%	8.9%	19.0%	12.7%	2.2%	0.4%	-19.9K	6.5K	-399	1.79	92.82	N/A	N/A	70	125	70	150
2017-04-17	$26.75	$26.00	12.8%	3.7%	8.9%	20.6%	13.7%	3.6%	-0.5%	-23.2K	41.1K	-359	1.79	91.01	N/A	N/A	70	125	70	150
2017-04-18	$26.80	$26.00	13.2%	3.8%	8.3%	22.9%	13.7%	3.0%	0.7%	-23.9K	29.6K	-341	1.56	91.68	N/A	N/A	80	125	70	150
2017-04-19	$26.90	$26.00	11.7%	3.3%	7.0%	14.7%	13.2%	5.0%	0.6%	-16.3K	-9.7K	-334	1.56	94.45	N/A	N/A	80	125	80	150
2017-04-20	$27.14	$26.00	11.5%	3.3%	7.5%	13.6%	14.1%	4.8%	0.4%	-8.1K	-92.3K	-286	1.56	93.27	N/A	N/A	80	125	80	150
2017-04-21	$27.06	$26.00	12.6%	3.6%	7.3%	19.7%	12.9%	2.6%	-0.2%	-10.8K	-82.4K	-250	1.56	101.31	N/A	N/A	80	125	80	150
2017-04-24	$27.26	$26.40	10.2%	2.9%	7.0%	6.7%	12.0%	2.6%	1.6%	-4.4K	-47.3K	-252	1.89	95.23	N/A	N/A	45	85	45	110
2017-04-25	$27.27	$26.40	10.8%	3.1%	6.9%	9.9%	12.5%	3.2%	0.8%	-3.9K	-47.6K	-233	1.89	97.63	N/A	N/A	45	85	45	110
2017-04-26	$27.37	$26.40	9.9%	2.8%	6.7%	5.3%	12.3%	0.7%	1.3%	-3.1K	-60.7K	-212	2.13	95.98	N/A	N/A	40	85	45	110
2017-04-27	$27.34	$26.40	9.3%	2.7%	6.6%	2.4%	10.5%	1.3%	2.5%	-474	-73.1K	-217	2.13	101.33	N/A	N/A	40	85	50	110
2017-04-28	$27.46	$26.40	10.1%	2.9%	6.3%	6.2%	10.4%	2.3%	1.1%	3.4K	-86.4K	-154	3.38	104.87	N/A	N/A	40	135	50	110