IHF Options History — February 2021

In February 2021, IHF traded between $46.90 and $49.17. ATM implied volatility averaged 22.4%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 4.4% (HV 20d: 18.1%). Max pain ranged from $40.00 to $49.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.06.

Notable Days

  • 2021-02-22: Highest Volume — 235 contracts
  • 2021-02-09: Largest IV drop — 17.0% change
  • 2021-02-01: Highest IV Rank — 15.0%
  • 2021-02-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.40$46.90$49.17$48.42$47.22
Max Pain$45.53$40.00$49.00$40.00$49.00
ATM IV22.4%18.3%25.8%25.8%24.9%
Expected Move6.6%5.7%7.4%7.4%7.1%
HV 20d18.1%16.0%22.9%22.9%16.0%
HV 60d17.2%16.6%19.6%19.6%17.7%
IV Rank9.9%3.5%15.0%15.0%13.6%
IV Percentile25.6%0.8%50.4%50.4%46.0%
Term Structure1.2%-1.1%3.6%0.5%-0.3%
VWIV24.2%20.9%33.3%24.0%21.2%
Skew 25d3.6%-7.1%8.2%8.2%4.9%
Skew 10d4.5%0.3%9.0%3.6%9.0%
Call IV 25d21.3%17.7%28.9%22.1%23.1%
Put IV 25d24.9%21.8%30.3%30.3%28.1%
Bid-Ask Spread %100.5394.21104.67100.93100.29
Gamma HHI0.180.150.230.160.15
Net GEX72.3K56.3K86.3K62.9K71.5K
Net DEX-2.6M-2.8M-2.2M-2.4M-2.5M
Net VEX-6.6K-7.4K-5.6K-6.5K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.330.000.00
Total Volume34.211023500
Total OI1,413.4211,1551,6901,3751,285

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$48.42$40.0025.8%7.4%22.9%15.0%0.0%8.2%0.5%62.9K-2.4M-6.5K0.00100.93N/AN/A001,010365
2021-02-02$48.68$40.0023.6%6.8%22.9%11.6%0.0%8.2%0.8%68.9K-2.5M-6.5K0.00102.90N/AN/A501,010365
2021-02-03$48.76$41.0021.4%6.1%22.9%8.3%0.0%5.5%2.1%69.1K-2.5M-6.2K0.00104.67N/AN/A001,015370
2021-02-04$48.43$44.0020.5%7.0%19.0%6.9%0.0%6.4%1.4%69.6K-2.5M-6.2K0.0098.46N/AN/A001,015370
2021-02-05$48.24$44.0020.1%6.6%16.2%6.2%0.0%1.6%0.9%66.5K-2.4M-6.1K0.0097.03N/AN/A501,015370
2021-02-08$48.44$44.0022.0%6.7%16.4%9.2%0.0%3.8%1.2%64.4K-2.4M-5.9K0.0099.52N/AN/A0501,020370
2021-02-09$49.06$44.0018.3%5.7%17.1%3.5%0.0%3.0%1.9%85.5K-2.6M-5.6K0.00100.09N/AN/A0351,020350
2021-02-10$49.14$44.0021.3%6.1%17.1%8.2%0.0%2.9%2.0%69.5K-2.6M-6.0K0.0099.66N/AN/A6001,020385
2021-02-11$49.17$44.0021.0%6.0%16.9%7.7%0.0%2.7%2.6%79.5K-2.8M-6.4K0.33101.18N/AN/A75251,060385
2021-02-12$49.12$44.0020.6%5.9%16.6%7.1%0.0%3.3%3.6%85.4K-2.8M-7.3K0.00101.47N/AN/A0151,135410
2021-02-16$48.30$44.0023.8%6.8%17.6%12.0%24.0%-0.0%-1.1%56.3K-2.5M-7.0K0.0097.97N/AN/A051,135425
2021-02-17$48.51$49.0022.3%6.4%17.5%9.6%21.4%2.1%2.2%57.6K-2.5M-6.7K0.07101.86N/AN/A7051,135430
2021-02-18$48.41$49.0023.0%6.6%17.3%10.7%0.0%2.8%0.3%59.9K-2.7M-7.4K0.00102.05N/AN/A001,255435
2021-02-19$48.35$49.0022.8%6.5%17.3%10.4%0.0%2.4%1.1%86.0K-2.6M-7.4K0.00102.94N/AN/A1001,255435
2021-02-22$47.91$49.0023.8%6.8%17.4%12.0%33.3%7.1%0.6%82.5K-2.2M-7.1K0.17101.87N/AN/A20035990165
2021-02-23$48.05$49.0023.7%6.8%17.5%11.9%20.9%5.2%0.2%82.5K-2.7M-6.9K0.00102.51N/AN/A1001,090200
2021-02-24$48.40$49.0022.7%6.5%17.7%10.2%21.2%5.4%0.5%86.3K-2.8M-7.0K0.0094.21N/AN/A4001,080200
2021-02-25$46.90$49.0024.7%7.1%16.9%13.3%0.0%-7.1%1.9%70.4K-2.5M-6.8K0.00100.50N/AN/A501,080200
2021-02-26$47.22$49.0024.9%7.1%16.0%13.6%0.0%4.9%-0.3%71.5K-2.5M-6.7K0.00100.29N/AN/A001,085200