IHF Options History — August 2018

In August 2018, IHF traded between $36.67 and $39.36. ATM implied volatility averaged 9.4%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded below realized volatility by 0.5% (HV 20d: 9.9%). Max pain ranged from $32.60 to $38.80. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.55.

Notable Days

  • 2018-08-16: Highest Volume — 2,160 contracts
  • 2018-08-10: Largest IV spike — 46.3% change
  • 2018-08-14: Highest IV Rank — 29.5%
  • 2018-08-01: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.31$36.67$39.36$36.67$39.36
Max Pain$37.23$32.60$38.80$32.60$38.80
ATM IV9.4%7.2%12.8%11.4%8.8%
Expected Move2.8%2.3%3.3%3.3%2.5%
HV 20d9.9%6.7%11.6%10.6%6.7%
HV 60d10.7%9.8%11.4%11.2%9.8%
IV Rank11.1%0.0%29.5%19.0%8.7%
IV Percentile18.6%0.0%67.9%55.2%6.7%
Term Structure1.1%-0.5%2.1%-0.5%1.2%
VWIV10.4%8.9%12.0%11.7%10.5%
Skew 25d2.1%0.8%3.5%3.5%2.2%
Skew 10d4.9%2.5%8.0%8.0%6.3%
Call IV 25d9.4%7.9%11.1%9.4%8.8%
Put IV 25d11.5%9.4%13.6%12.9%11.0%
Bid-Ask Spread %65.4134.33101.4790.7376.71
Gamma HHI0.160.100.260.210.10
Net GEX143.2K-10.6K432.9K427.2K65.4K
Net DEX-7.0M-9.7M-4.4M-6.8M-5.5M
Net VEX-9.4K-12.3K-7.1K-10.3K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.400.770.410.45
Total Volume1,744.3481,5352,1601,5351,890
Total OI2,814.3482,0153,7603,0302,525

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$36.67$32.6011.4%3.3%10.6%19.0%11.7%3.5%-0.5%427.2K-6.8M-10.3K0.4190.73N/AN/A1,0904452,550480
2018-08-02$37.19$32.609.0%2.6%11.3%6.2%11.4%1.5%0.5%432.9K-7.9M-8.9K0.4095.24N/AN/A1,1004452,575480
2018-08-03$37.44$32.609.8%2.8%11.3%10.1%11.7%0.8%0.4%367.8K-8.3M-7.9K0.41101.47N/AN/A1,1004552,570480
2018-08-06$37.50$37.209.1%2.9%11.0%6.4%10.5%1.5%1.1%368.8K-8.3M-8.2K0.4243.16N/AN/A1,1104652,570490
2018-08-07$37.38$37.207.8%2.6%11.1%0.0%9.2%2.3%2.1%423.8K-8.3M-8.1K0.4346.50N/AN/A1,0854652,585500
2018-08-08$37.64$37.207.2%2.7%11.2%0.0%9.6%2.3%2.0%322.5K-8.7M-7.1K0.5743.41N/AN/A1,0856152,595495
2018-08-09$37.84$37.207.7%2.7%11.2%2.6%9.7%2.0%2.0%208.4K-8.8M-7.5K0.5852.05N/AN/A1,0806252,595645
2018-08-10$37.79$37.2011.2%3.1%11.2%21.2%10.9%2.9%1.2%260.0K-8.5M-8.6K0.5945.88N/AN/A1,1456752,595655
2018-08-13$37.91$37.2011.2%3.1%11.0%20.9%11.3%2.4%1.0%154.0K-8.6M-8.4K0.5634.33N/AN/A1,1956752,610705
2018-08-14$38.33$37.2012.8%3.2%11.2%29.5%11.6%2.0%0.6%37.8K-9.3M-7.4K0.5746.81N/AN/A1,1956852,670705
2018-08-15$38.17$37.2010.9%3.1%11.4%19.4%12.0%3.2%0.8%52.6K-9.1M-8.0K0.7744.23N/AN/A1,1308652,670715
2018-08-16$38.53$37.209.5%2.7%11.6%12.2%11.5%2.6%1.8%21.7K-9.3M-9.2K0.6755.92N/AN/A1,2958652,715895
2018-08-17$38.65$37.209.9%2.8%11.5%14.3%11.1%1.9%1.5%62.8K-9.7M-10.3K0.6777.27N/AN/A1,2958652,865895
2018-08-20$38.68$37.209.6%2.8%11.2%12.7%9.4%2.0%1.0%65.2K-4.6M-10.4K0.6463.02N/AN/A9656201,545470
2018-08-21$38.77$38.809.1%2.6%9.6%10.3%9.3%1.7%0.9%-8.0K-4.4M-10.7K0.6271.27N/AN/A9956201,530605
2018-08-22$38.79$38.808.6%2.5%9.4%7.6%8.9%1.2%0.4%-10.6K-4.6M-9.8K0.6471.64N/AN/A1,0106451,545605
2018-08-23$38.82$38.809.9%2.8%8.9%14.2%10.0%2.2%-0.3%-7.1K-4.5M-10.7K0.6463.67N/AN/A1,0106451,560630
2018-08-24$38.98$38.808.7%2.5%8.0%8.2%9.7%3.3%1.5%-2.6K-4.6M-10.1K0.6267.33N/AN/A1,0356451,560630
2018-08-27$39.09$38.808.6%2.5%7.2%7.8%9.2%2.5%1.5%-3-4.8M-10.0K0.6275.43N/AN/A1,0406451,585630
2018-08-28$39.19$38.808.9%2.6%7.2%9.1%10.1%2.0%1.6%6.4K-4.9M-9.9K0.4781.27N/AN/A1,1905551,590630
2018-08-29$39.36$38.808.0%2.3%7.2%4.1%9.9%1.5%1.3%27.7K-5.3M-10.8K0.4781.83N/AN/A1,1955651,740645
2018-08-30$39.14$38.809.1%2.6%6.7%10.2%10.2%1.1%1.1%16.6K-5.3M-10.6K0.4875.26N/AN/A1,2155851,745655
2018-08-31$39.36$38.808.8%2.5%6.7%8.7%10.5%2.2%1.2%65.4K-5.5M-12.3K0.4576.71N/AN/A1,3005901,850675