IHF Options History — January 2021

In January 2021, IHF traded between $46.97 and $50.21. ATM implied volatility averaged 23.7%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.6% (HV 20d: 18.1%). Max pain ranged from $36.20 to $44.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.25.

Notable Days

2021-01-25: Highest Volume — 200 contracts
2021-01-07: Largest IV drop — 16.6% change
2021-01-04: Highest IV Rank — 19.0%
2021-01-29: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.13	$46.97	$50.21	$46.97	$47.95
Max Pain	$39.54	$36.20	$44.00	$36.20	$40.00
ATM IV	23.7%	19.8%	28.3%	28.3%	27.9%
Expected Move	6.6%	5.7%	8.0%	7.0%	8.0%
HV 20d	18.1%	12.1%	22.9%	13.5%	22.9%
HV 60d	22.0%	20.7%	22.8%	21.1%	21.0%
IV Rank	11.9%	5.8%	19.0%	19.0%	18.3%
IV Percentile	35.4%	6.0%	67.1%	67.1%	65.1%
Term Structure	0.9%	-1.8%	2.1%	0.4%	0.0%
VWIV	22.9%	14.0%	29.4%	24.9%	22.3%
Skew 25d	5.0%	2.4%	10.0%	5.9%	8.1%
Skew 10d	8.4%	3.2%	15.0%	12.5%	11.8%
Call IV 25d	21.2%	19.9%	22.9%	22.9%	22.8%
Put IV 25d	26.2%	22.5%	30.9%	28.8%	30.9%
Bid-Ask Spread %	93.06	74.98	102.07	74.98	100.36
Gamma HHI	0.25	0.11	0.94	0.94	0.11
Net GEX	-195.0K	-1.9M	45.5K	-1.9M	45.5K
Net DEX	-1.8M	-3.1M	5.5M	5.5M	-2.7M
Net VEX	-7.7K	-24.2K	-5.0K	-24.2K	-6.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.25	0.00	6.00	0.00	0.00
Total Volume	46.579	0	200	10	50
Total OI	5,259.211	1,120	8,935	8,840	1,430

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
2021-01-04	$46.97	$36.20	28.3%	7.0%	13.5%	19.0%	0.0%	5.9%	0.4%	-1.9M	5.5M	-24.2K	0.00	74.98	N/A	N/A	10	0	890	7,950
2021-01-05	$47.17	$36.20	28.1%	7.0%	12.1%	18.7%	24.9%	7.0%	0.5%	-1.8M	3.7M	-20.4K	0.00	77.44	N/A	N/A	0	95	890	7,950
2021-01-06	$48.92	$44.00	25.5%	6.7%	17.1%	14.7%	29.3%	6.2%	1.5%	-658.9K	-1.0M	-11.3K	5.00	84.21	N/A	N/A	20	100	890	8,045
2021-01-07	$50.21	$38.80	21.3%	6.4%	18.9%	8.3%	23.6%	4.5%	1.5%	42.9K	-3.0M	-5.8K	1.00	85.35	N/A	N/A	60	60	885	8,010
2021-01-08	$50.01	$40.00	22.4%	6.3%	18.7%	10.1%	29.4%	4.4%	1.9%	38.9K	-2.9M	-5.5K	6.00	90.36	N/A	N/A	5	30	875	8,030
2021-01-11	$49.89	$39.00	24.8%	6.4%	18.7%	13.7%	0.0%	3.1%	2.0%	40.9K	-2.7M	-5.4K	0.00	91.08	N/A	N/A	5	0	845	8,010
2021-01-12	$50.09	$39.00	25.2%	6.5%	17.9%	14.3%	0.0%	5.2%	1.5%	39.3K	-2.7M	-5.5K	0.00	90.60	N/A	N/A	5	0	845	8,010
2021-01-13	$49.70	$39.00	21.5%	6.2%	17.9%	8.6%	0.0%	4.1%	1.6%	40.1K	-2.7M	-5.4K	0.00	90.98	N/A	N/A	0	0	850	8,010
2021-01-14	$49.25	$39.00	22.8%	6.5%	18.5%	10.6%	20.8%	3.3%	1.9%	40.3K	-2.6M	-5.3K	0.00	96.15	N/A	N/A	0	20	850	8,010
2021-01-15	$49.23	$40.00	22.6%	6.5%	18.4%	10.2%	0.0%	5.4%	0.9%	36.3K	-2.5M	-5.4K	0.00	96.00	N/A	N/A	0	0	850	8,030
2021-01-19	$49.53	$40.00	21.0%	6.0%	18.2%	7.6%	24.4%	4.3%	2.1%	36.6K	-2.6M	-5.2K	0.00	95.48	N/A	N/A	0	5	845	275
2021-01-20	$49.87	$40.00	20.7%	5.9%	17.6%	7.2%	0.0%	3.0%	1.3%	37.9K	-2.6M	-5.0K	0.00	97.13	N/A	N/A	0	0	845	280
2021-01-21	$49.92	$40.00	20.2%	5.8%	17.4%	6.5%	0.0%	2.4%	1.5%	37.5K	-2.6M	-5.1K	0.00	96.82	N/A	N/A	0	0	845	280
2021-01-22	$49.74	$40.00	19.8%	5.7%	17.6%	5.8%	0.0%	3.1%	1.5%	36.5K	-2.6M	-5.1K	1.00	99.22	N/A	N/A	50	50	845	280
2021-01-25	$49.64	$40.00	21.6%	6.2%	17.2%	8.5%	0.0%	3.6%	1.7%	38.8K	-2.6M	-6.1K	0.00	98.59	N/A	N/A	200	0	895	330
2021-01-26	$49.36	$40.00	23.4%	6.7%	17.3%	11.3%	14.0%	3.0%	-1.8%	37.9K	-3.1M	-6.1K	0.75	102.07	N/A	N/A	20	15	995	330
2021-01-27	$47.66	$40.00	26.4%	7.6%	21.9%	15.9%	0.0%	8.2%	-0.7%	40.3K	-2.7M	-6.2K	0.00	101.26	N/A	N/A	0	35	1,015	330
2021-01-28	$48.42	$40.00	27.3%	7.8%	22.5%	17.3%	17.4%	10.0%	-1.5%	36.5K	-2.8M	-6.4K	0.00	100.14	N/A	N/A	50	0	1,015	365
2021-01-29	$47.95	$40.00	27.9%	8.0%	22.9%	18.3%	22.3%	8.1%	0.0%	45.5K	-2.7M	-6.5K	0.00	100.36	N/A	N/A	50	0	1,065	365