IHF Options History — April 2018

In April 2018, IHF traded between $31.01 and $33.23. ATM implied volatility averaged 16.0%, placing in the 46.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 2.1% (HV 20d: 18.1%). Max pain ranged from $31.40 to $32.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.54.

Notable Days

  • 2018-04-30: Highest Volume — 2,310 contracts
  • 2018-04-06: Largest IV spike — 22.9% change
  • 2018-04-02: Highest IV Rank — 86.2%
  • 2018-04-02: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.44$31.01$33.23$31.01$32.89
Max Pain$31.49$31.40$32.00$32.00$31.40
ATM IV16.0%12.8%23.6%23.6%13.6%
Expected Move4.5%3.7%6.8%6.8%3.9%
HV 20d18.1%14.2%20.4%14.2%16.4%
HV 60d17.5%16.7%17.9%16.7%17.3%
IV Rank46.1%29.2%86.2%86.2%33.4%
IV Percentile87.2%75.0%99.2%99.2%77.8%
Term Structure-0.4%-2.3%0.8%-2.3%-0.0%
VWIV16.6%12.6%18.7%18.7%15.4%
Skew 25d4.1%2.0%5.7%3.3%3.2%
Skew 10d7.7%2.3%12.4%8.2%6.7%
Call IV 25d13.8%10.0%20.1%20.1%12.1%
Put IV 25d17.9%13.5%23.4%23.4%15.3%
Bid-Ask Spread %77.2760.4990.2482.4688.33
Gamma HHI0.180.130.230.230.15
Net GEX-15.0K-68.0K56.5K-63.7K452
Net DEX-1.0M-2.3M867.3K867.3K-1.8M
Net VEX-10.8K-13.3K-7.8K-13.3K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.541.471.641.521.64
Total Volume2,256.192,2102,3102,2702,310
Total OI3,097.8573,0853,1153,1003,100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$31.01$32.0023.6%6.8%14.2%86.2%18.7%3.3%-2.3%-63.7K867.3K-13.3K1.5282.46N/AN/A9001,3701,5651,535
2018-04-03$31.71$32.0018.7%5.3%16.5%60.0%17.2%3.9%-1.1%-56.0K109.7K-13.2K1.5264.92N/AN/A9001,3701,5651,535
2018-04-04$32.16$32.0017.3%5.0%17.4%53.1%16.8%4.3%-0.9%-37.4K-443.7K-13.1K1.5474.15N/AN/A8901,3701,5651,535
2018-04-05$32.33$31.4016.3%4.8%17.4%47.8%17.3%5.3%-1.1%-19.8K-847.2K-13.0K1.5466.68N/AN/A8901,3701,5601,535
2018-04-06$31.74$31.4020.1%5.2%18.5%67.5%18.6%4.7%-1.0%-55.0K182.8K-13.0K1.5460.49N/AN/A8901,3701,5601,535
2018-04-09$31.91$31.4019.4%5.0%18.1%64.1%17.5%4.0%-1.6%-56.2K-182.8K-12.4K1.5463.23N/AN/A8901,3701,5601,535
2018-04-10$32.06$31.4019.3%5.0%18.2%63.4%18.1%4.5%-1.1%-44.4K-377.9K-12.3K1.5466.92N/AN/A8901,3701,5601,535
2018-04-11$31.80$31.4017.5%5.0%18.2%53.7%17.7%4.2%-1.1%-66.8K-36.6K-12.0K1.5473.93N/AN/A8901,3701,5601,535
2018-04-12$32.16$31.4016.3%4.7%18.7%47.5%17.4%4.5%-0.5%-46.5K-457.8K-11.7K1.5477.32N/AN/A8901,3701,5601,535
2018-04-13$31.98$31.4015.5%4.4%18.7%43.5%16.1%3.7%-0.1%-68.0K-318.8K-11.5K1.5382.51N/AN/A8951,3701,5601,535
2018-04-16$32.60$31.4014.5%4.2%20.1%38.0%16.5%5.7%-0.1%-694-1.2M-10.6K1.5382.11N/AN/A8951,3701,5651,535
2018-04-17$32.99$31.4013.7%3.9%20.1%33.8%15.4%3.5%0.4%48.6K-1.8M-10.0K1.5385.39N/AN/A8951,3701,5651,535
2018-04-18$33.23$31.4013.6%3.9%20.2%33.6%16.2%5.2%0.5%56.5K-2.3M-9.2K1.5188.35N/AN/A9051,3701,5651,535
2018-04-19$33.00$31.4013.5%3.9%20.4%33.0%12.6%3.1%0.2%47.4K-2.2M-9.2K1.5590.24N/AN/A8851,3701,5751,535
2018-04-20$32.79$31.4013.6%3.9%19.0%33.5%15.8%5.6%0.4%-14.8K-1.7M-9.8K1.4774.78N/AN/A9351,3701,5801,535
2018-04-23$32.83$31.4014.1%4.0%18.2%35.9%16.4%3.0%0.2%-15.7K-1.6M-9.1K1.5780.05N/AN/A8651,3601,5551,530
2018-04-24$32.77$31.4014.5%4.2%17.9%38.1%17.1%4.8%0.1%-16.6K-1.5M-9.4K1.5374.48N/AN/A8751,3351,5551,530
2018-04-25$33.06$31.4014.5%4.2%17.5%38.4%17.9%4.8%0.8%30.4K-1.9M-9.1K1.5379.88N/AN/A8751,3401,5651,530
2018-04-26$32.96$31.4013.9%4.0%17.6%34.8%15.4%3.2%-0.3%14.5K-2.0M-8.1K1.5380.90N/AN/A8751,3401,5651,535
2018-04-27$33.17$31.4012.8%3.7%17.6%29.2%15.0%2.0%0.4%48.5K-2.2M-8.2K1.5385.48N/AN/A8751,3401,5651,535
2018-04-30$32.89$31.4013.6%3.9%16.4%33.4%15.4%3.2%-0.0%452-1.8M-7.8K1.6488.33N/AN/A8751,4351,5651,535