IHF Options History — January 2019

In January 2019, IHF traded between $31.97 and $36.09. ATM implied volatility averaged 17.4%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 9.3% (HV 20d: 26.6%). Max pain ranged from $35.20 to $36.40. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2019-01-04: Highest Volume — 1,105 contracts
  • 2019-01-22: Largest IV spike — 22.6% change
  • 2019-01-03: Highest IV Rank — 69.8%
  • 2019-01-02: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.37$31.97$36.09$32.55$36.09
Max Pain$36.00$35.20$36.40$35.40$35.20
ATM IV17.4%12.3%24.0%23.9%14.2%
Expected Move5.0%3.5%6.8%6.8%4.4%
HV 20d26.6%16.6%31.7%28.5%16.6%
HV 60d25.7%25.2%26.1%25.4%25.4%
IV Rank42.3%21.4%69.8%69.5%29.4%
IV Percentile71.7%36.9%95.6%95.6%52.4%
Term Structure0.2%-2.8%3.4%-1.2%0.3%
VWIV16.8%12.8%25.2%25.2%15.4%
Skew 25d4.3%2.8%5.7%5.7%4.6%
Skew 10d8.3%0.5%17.1%4.3%10.7%
Call IV 25d15.2%11.5%21.3%21.3%12.6%
Put IV 25d19.5%15.4%26.9%26.9%17.3%
Bid-Ask Spread %86.9449.2598.7894.7049.25
Gamma HHI0.090.080.140.090.08
Net GEX121.8K20.8K271.2K31.1K251.2K
Net DEX195.9K-2.0M2.6M2.6M-2.0M
Net VEX-9.3K-12.2K-6.2K-6.2K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.006.000.020.24
Total Volume318.09551,105635105
Total OI3,517.6193,1403,8253,1403,795

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$32.55$35.4023.9%6.8%28.5%69.5%25.2%5.7%-1.2%31.1K2.6M-6.2K0.0294.70N/AN/A620152,0301,110
2019-01-03$31.97$36.4024.0%6.7%28.2%69.8%24.5%5.3%-2.8%67.4K2.3M-6.5K0.7780.36N/AN/A6204752,3051,090
2019-01-04$32.72$36.4020.8%6.0%30.5%56.8%23.3%5.7%-1.4%20.8K2.2M-7.9K0.7580.46N/AN/A6304752,3051,340
2019-01-07$33.06$36.4021.1%6.1%31.0%57.7%0.0%5.3%-1.4%34.3K1.2M-7.4K0.0079.50N/AN/A502,3151,075
2019-01-08$33.38$36.4019.4%5.3%31.5%50.7%18.4%4.1%-0.6%60.6K939.1K-7.9K0.1283.50N/AN/A85102,3251,075
2019-01-09$33.66$36.4017.8%5.1%31.7%44.2%17.9%4.2%0.3%81.5K638.4K-8.8K0.3783.60N/AN/A95352,3401,075
2019-01-10$33.70$36.4017.4%5.0%31.6%42.4%17.2%4.9%0.9%91.6K764.8K-7.6K0.4185.46N/AN/A110452,3501,090
2019-01-11$33.99$36.4015.9%4.6%31.4%36.4%17.0%4.8%1.6%99.2K479.2K-8.5K0.3389.73N/AN/A135452,3551,100
2019-01-14$33.82$36.4016.6%4.8%31.4%39.2%14.4%4.0%1.3%66.0K762.8K-7.3K0.8289.97N/AN/A55452,2801,100
2019-01-15$34.57$36.4014.8%4.2%30.1%31.8%14.7%3.4%2.3%91.4K149.8K-8.6K0.7889.45N/AN/A90702,3351,110
2019-01-16$34.86$36.4014.8%4.3%28.2%32.0%12.8%3.8%1.1%87.1K-28.6K-9.0K0.4787.61N/AN/A160752,3451,140
2019-01-17$34.92$36.4012.3%3.5%28.0%21.4%13.5%3.9%3.4%107.7K-122.0K-9.2K0.2198.78N/AN/A350752,4501,165
2019-01-18$35.22$36.0014.3%4.1%27.5%29.5%14.7%4.0%2.1%271.2K-857.1K-10.4K0.3088.63N/AN/A3551052,6601,165
2019-01-22$34.87$36.0017.5%5.0%25.7%42.9%12.9%4.8%-1.0%111.2K-47.4K-10.0K6.0089.69N/AN/A10602,385930
2019-01-23$35.22$36.0018.1%5.2%25.2%45.3%16.6%4.8%-0.5%122.1K-366.6K-10.7K0.1689.07N/AN/A405652,375955
2019-01-24$35.11$35.4017.1%4.9%24.3%41.1%16.4%4.4%-0.6%176.7K-560.9K-10.8K0.3288.54N/AN/A4051302,585960
2019-01-25$35.55$35.4015.5%4.4%21.2%34.6%15.6%3.1%1.2%206.6K-1.1M-11.9K0.3593.23N/AN/A4201452,5851,025
2019-01-28$35.17$35.4017.3%5.0%21.8%42.1%15.9%3.0%-0.9%161.4K-431.9K-11.5K0.0091.50N/AN/A4002,6001,125
2019-01-29$35.38$35.4016.4%4.7%17.6%38.3%15.3%2.8%0.1%190.0K-832.1K-11.7K0.0098.38N/AN/A4002,6351,125
2019-01-30$35.90$35.4015.4%4.4%17.9%34.4%15.1%4.5%0.1%227.9K-1.5M-11.9K0.0094.42N/AN/A7502,6351,125
2019-01-31$36.09$35.2014.2%4.4%16.6%29.4%15.4%4.6%0.3%251.2K-2.0M-12.2K0.2449.25N/AN/A85202,6701,125