IHF Options History — October 2018

In October 2018, IHF traded between $36.94 and $39.96. ATM implied volatility averaged 16.4%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.8% (HV 20d: 13.6%). Max pain ranged from $36.80 to $39.40. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.28.

Notable Days

2018-10-18: Highest Volume — 4,395 contracts
2018-10-04: Largest IV spike — 32.2% change
2018-10-29: Highest IV Rank — 100.0%
2018-10-29: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.68	$36.94	$39.96	$39.96	$38.20
Max Pain	$38.92	$36.80	$39.40	$39.20	$39.40
ATM IV	16.4%	8.6%	27.3%	8.6%	20.0%
Expected Move	4.7%	2.5%	7.8%	2.5%	5.7%
HV 20d	13.6%	7.8%	20.3%	8.6%	20.3%
HV 60d	11.0%	9.0%	13.5%	9.0%	13.5%
IV Rank	47.7%	7.5%	100.0%	7.5%	63.7%
IV Percentile	77.7%	4.0%	100.0%	4.0%	94.8%
Term Structure	-0.9%	-5.6%	1.8%	1.6%	-2.3%
VWIV	15.1%	9.8%	24.0%	9.9%	15.3%
Skew 25d	5.0%	1.1%	7.1%	1.3%	6.2%
Skew 10d	9.4%	2.3%	13.3%	4.3%	11.2%
Call IV 25d	13.9%	7.9%	24.1%	8.7%	16.1%
Put IV 25d	18.9%	10.0%	30.6%	10.0%	22.3%
Bid-Ask Spread %	78.03	65.24	89.74	82.61	86.07
Gamma HHI	0.26	0.10	0.49	0.10	0.20
Net GEX	-301.5K	-901.4K	78.4K	78.4K	-228.5K
Net DEX	-1.4M	-6.1M	1.7M	-6.1M	-1.1M
Net VEX	-19.7K	-25.3K	-10.1K	-10.1K	-23.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.28	1.08	1.59	1.48	1.16
Total Volume	3,571.957	2,445	4,395	2,445	3,635
Total OI	4,201.304	2,690	4,995	2,690	4,700

Daily Data (23 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
2018-10-01	$39.96	$39.20	8.6%	2.5%	8.6%	7.5%	9.9%	1.3%	1.6%	78.4K	-6.1M	-10.1K	1.48	82.61	N/A	N/A	985	1,460	1,940	750
2018-10-02	$39.65	$39.20	9.2%	2.6%	9.0%	10.8%	9.8%	1.1%	0.6%	-196.7K	-4.7M	-14.8K	1.59	79.36	N/A	N/A	950	1,510	1,960	1,480
2018-10-03	$39.70	$39.20	9.4%	2.7%	9.0%	11.7%	10.3%	3.3%	1.2%	-209.4K	-4.7M	-14.7K	1.08	87.42	N/A	N/A	1,400	1,510	1,975	1,530
2018-10-04	$39.42	$36.80	12.4%	3.4%	9.2%	27.6%	12.8%	5.1%	1.8%	-209.6K	-4.4M	-17.7K	1.20	74.19	N/A	N/A	1,260	1,510	2,135	1,530
2018-10-05	$39.50	$36.80	12.5%	3.6%	9.3%	27.7%	13.2%	4.7%	1.0%	-186.0K	-4.6M	-17.7K	1.20	71.11	N/A	N/A	1,260	1,510	2,145	1,530
2018-10-08	$39.65	$36.80	13.0%	3.7%	7.8%	30.4%	14.0%	4.2%	0.1%	-179.4K	-4.8M	-17.0K	1.12	80.85	N/A	N/A	1,345	1,510	2,150	1,530
2018-10-09	$39.85	$36.80	14.1%	3.6%	7.9%	36.2%	13.7%	6.5%	0.1%	-61.0K	-5.4M	-16.5K	1.12	71.46	N/A	N/A	1,800	2,015	2,245	1,530
2018-10-10	$39.10	$39.40	16.0%	4.6%	10.6%	46.2%	16.0%	3.8%	-1.7%	-412.2K	-1.8M	-19.2K	1.25	74.86	N/A	N/A	1,730	2,170	1,950	2,055
2018-10-11	$38.27	$39.40	18.2%	5.2%	12.5%	57.8%	17.7%	3.7%	-1.7%	-322.9K	719.9K	-19.9K	1.27	89.74	N/A	N/A	1,780	2,255	1,955	2,240
2018-10-12	$38.09	$39.40	18.4%	5.3%	12.5%	58.8%	16.1%	7.1%	-1.6%	-275.0K	1.2M	-19.9K	1.30	78.13	N/A	N/A	1,755	2,275	2,025	2,320
2018-10-15	$38.18	$39.40	16.9%	4.9%	12.5%	51.1%	13.5%	6.0%	-0.9%	-325.8K	1.3M	-18.9K	1.33	65.24	N/A	N/A	1,755	2,330	2,020	2,340
2018-10-16	$39.15	$39.40	13.8%	4.0%	15.5%	34.9%	14.5%	5.2%	1.1%	-749.2K	-822.8K	-20.0K	1.32	76.42	N/A	N/A	1,765	2,330	2,020	2,420
2018-10-17	$39.08	$39.40	14.4%	4.1%	15.4%	38.0%	15.2%	5.3%	0.3%	-858.3K	-778.5K	-19.3K	1.44	72.93	N/A	N/A	1,765	2,535	2,015	2,420
2018-10-18	$39.08	$39.40	16.3%	4.7%	15.3%	47.9%	17.2%	5.0%	-1.2%	-901.4K	-161.8K	-20.5K	1.50	69.88	N/A	N/A	1,755	2,640	2,015	2,675
2018-10-19	$38.67	$39.40	16.0%	4.6%	15.6%	46.5%	15.6%	6.0%	-0.7%	-604.2K	1.7M	-21.9K	1.57	66.16	N/A	N/A	1,665	2,610	2,020	2,975
2018-10-22	$38.48	$39.40	17.1%	4.9%	15.7%	51.9%	14.8%	4.5%	-0.9%	-393.4K	-143.7K	-20.9K	1.32	85.93	N/A	N/A	1,520	2,010	1,830	2,370
2018-10-23	$38.41	$39.40	17.2%	4.9%	15.6%	52.6%	17.0%	5.2%	-0.9%	-383.5K	110.1K	-21.4K	1.24	79.44	N/A	N/A	1,625	2,010	1,830	2,370
2018-10-24	$37.57	$39.40	20.3%	5.8%	17.1%	68.9%	15.4%	5.9%	-2.0%	-147.2K	265.9K	-24.8K	1.23	77.25	N/A	N/A	1,630	2,010	2,435	2,370
2018-10-25	$37.85	$39.40	20.6%	5.9%	17.4%	70.2%	15.8%	5.4%	-2.7%	-183.3K	-40.3K	-25.3K	1.27	84.13	N/A	N/A	1,645	2,085	2,415	2,365
2018-10-26	$37.16	$39.40	22.5%	6.4%	17.8%	80.2%	19.3%	6.2%	-3.7%	-25.0K	1.0M	-22.7K	1.18	79.67	N/A	N/A	1,655	1,955	2,425	2,235
2018-10-29	$36.94	$39.40	27.3%	7.8%	17.7%	100.0%	24.0%	6.5%	-5.6%	-42.3K	875.2K	-23.1K	1.18	82.23	N/A	N/A	1,660	1,955	2,445	2,255
2018-10-30	$37.67	$39.40	22.4%	6.4%	19.5%	75.9%	17.2%	7.0%	-3.0%	-118.2K	-15.4K	-23.1K	1.17	79.53	N/A	N/A	1,665	1,955	2,440	2,250
2018-10-31	$38.20	$39.40	20.0%	5.7%	20.3%	63.7%	15.3%	6.2%	-2.3%	-228.5K	-1.1M	-23.6K	1.16	86.07	N/A	N/A	1,680	1,955	2,450	2,250