IHF Options History — February 2023

In February 2023, IHF traded between $51.08 and $53.88. ATM implied volatility averaged 18.1%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.6% (HV 20d: 15.5%). Max pain ranged from $53.00 to $53.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.79.

Notable Days

2023-02-02: Highest Volume — 280 contracts
2023-02-23: Largest IV drop — 12.4% change
2023-02-02: Highest IV Rank — 17.4%
2023-02-22: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.56	$51.08	$53.88	$53.88	$51.08
Max Pain	$53.00	$53.00	$53.00	$53.00	$53.00
ATM IV	18.1%	16.2%	19.9%	18.2%	19.2%
Expected Move	5.1%	4.6%	5.6%	5.2%	5.5%
HV 20d	15.5%	12.9%	16.6%	12.9%	16.6%
HV 60d	14.8%	13.3%	16.3%	15.6%	13.3%
IV Rank	9.1%	0.0%	17.4%	8.8%	14.9%
IV Percentile	5.6%	0.0%	15.1%	1.6%	13.1%
Term Structure	1.0%	-0.2%	2.6%	-0.1%	0.2%
VWIV	17.9%	16.1%	21.0%	17.5%	16.1%
Skew 25d	4.7%	2.4%	7.8%	7.8%	3.1%
Skew 10d	9.5%	4.8%	12.7%	4.8%	9.8%
Call IV 25d	15.8%	12.4%	17.0%	12.4%	17.0%
Put IV 25d	20.4%	18.3%	22.9%	20.3%	20.2%
Bid-Ask Spread %	88.20	79.76	99.34	99.34	89.80
Gamma HHI	0.20	0.16	0.25	0.16	0.17
Net GEX	-45.3K	-198.2K	92.8K	-51.8K	-59.7K
Net DEX	-1.2M	-3.2M	490.9K	-1.7M	490.9K
Net VEX	-13.2K	-14.8K	-11.4K	-12.6K	-11.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.79	0.00	10.33	0.30	1.50
Total Volume	84.737	0	280	0	25
Total OI	3,522.632	2,590	4,270	3,395	2,705

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
2023-02-01	$53.88	$53.00	18.2%	5.2%	12.9%	8.8%	0.0%	7.8%	-0.1%	-51.8K	-1.7M	-12.6K	0.00	99.34	N/A	N/A	0	0	1,945	1,450
2023-02-02	$52.51	$53.00	19.9%	5.3%	15.6%	17.4%	17.5%	5.2%	1.0%	-198.2K	-314.0K	-12.4K	0.30	79.76	N/A	N/A	215	65	1,950	1,500
2023-02-03	$51.97	$53.00	19.3%	5.2%	15.5%	14.4%	17.5%	4.9%	1.1%	-156.1K	-336.0K	-12.8K	0.00	84.71	N/A	N/A	0	5	2,165	1,460
2023-02-06	$51.58	$53.00	19.9%	5.3%	15.5%	17.1%	20.1%	4.4%	0.5%	-188.6K	143.9K	-11.5K	1.60	81.28	N/A	N/A	75	120	2,165	1,455
2023-02-07	$51.93	$53.00	19.3%	5.1%	15.7%	14.1%	18.9%	5.0%	1.1%	-178.7K	-103.6K	-12.5K	0.00	83.87	N/A	N/A	0	30	2,240	1,555
2023-02-08	$52.53	$53.00	17.5%	5.0%	16.2%	5.4%	16.8%	4.9%	1.2%	-128.4K	-927.1K	-12.8K	0.03	83.74	N/A	N/A	200	5	2,240	1,555
2023-02-09	$52.55	$53.00	18.1%	5.2%	15.7%	8.3%	17.8%	5.2%	1.2%	-68.5K	-1.3M	-13.9K	0.69	85.08	N/A	N/A	65	45	2,420	1,550
2023-02-10	$53.00	$53.00	18.1%	5.2%	15.9%	8.5%	18.6%	4.2%	1.5%	-27.6K	-1.9M	-14.5K	0.50	86.21	N/A	N/A	50	25	2,485	1,595
2023-02-13	$53.05	$53.00	17.6%	5.1%	15.8%	6.2%	17.7%	4.3%	1.5%	-27.9K	-2.0M	-14.6K	3.00	86.50	N/A	N/A	60	180	2,535	1,615
2023-02-14	$53.00	$53.00	16.8%	4.8%	15.7%	2.2%	0.0%	4.1%	1.6%	-55.5K	-2.0M	-14.8K	0.00	87.82	N/A	N/A	0	5	2,590	1,680
2023-02-15	$53.13	$53.00	16.2%	4.6%	14.9%	0.0%	21.0%	3.7%	2.6%	-30.1K	-2.3M	-14.5K	0.00	88.28	N/A	N/A	0	5	2,590	1,660
2023-02-16	$53.36	$53.00	16.7%	4.8%	14.8%	2.7%	0.0%	3.4%	1.9%	40.1K	-2.8M	-14.0K	0.00	90.83	N/A	N/A	0	0	2,590	1,665
2023-02-17	$53.55	$53.00	16.5%	4.7%	14.8%	1.6%	16.7%	2.4%	1.7%	92.8K	-3.2M	-13.4K	1.00	90.53	N/A	N/A	55	55	2,590	1,665
2023-02-21	$52.65	$53.00	18.1%	5.2%	16.0%	9.2%	18.5%	6.0%	0.8%	59.3K	-1.2M	-13.4K	0.70	88.89	N/A	N/A	50	35	1,525	1,065
2023-02-22	$52.47	$53.00	19.5%	5.6%	15.7%	16.2%	16.1%	6.6%	-0.1%	47.5K	-1.1M	-13.9K	10.33	91.18	N/A	N/A	15	155	1,575	1,100
2023-02-23	$52.60	$53.00	17.1%	4.9%	15.5%	4.4%	0.0%	5.4%	1.0%	53.3K	-1.0M	-13.7K	0.00	93.04	N/A	N/A	35	0	1,590	1,070
2023-02-24	$51.98	$53.00	19.0%	5.5%	16.0%	13.8%	0.0%	3.1%	-0.2%	27.6K	-573.7K	-13.0K	0.00	93.14	N/A	N/A	0	0	1,625	1,070
2023-02-27	$51.75	$53.00	17.6%	5.1%	16.1%	7.1%	0.0%	4.7%	1.1%	-9.7K	-161.4K	-12.0K	0.00	91.82	N/A	N/A	0	35	1,625	1,070
2023-02-28	$51.08	$53.00	19.2%	5.5%	16.6%	14.9%	16.1%	3.1%	0.2%	-59.7K	490.9K	-11.4K	1.50	89.80	N/A	N/A	10	15	1,600	1,105