IHF Options History — March 2023

In March 2023, IHF traded between $48.40 and $51.39. ATM implied volatility averaged 21.4%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 5.2% (HV 20d: 16.1%). Max pain ranged from $50.00 to $53.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.68.

Notable Days

  • 2023-03-23: Highest Volume — 365 contracts
  • 2023-03-14: Largest IV drop — 16.8% change
  • 2023-03-13: Highest IV Rank — 67.6%
  • 2023-03-13: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.54$48.40$51.39$50.95$49.33
Max Pain$51.22$50.00$53.00$53.00$51.00
ATM IV21.4%18.2%30.0%19.6%18.8%
Expected Move5.9%5.2%6.6%5.6%5.4%
HV 20d16.1%11.6%21.0%15.3%21.0%
HV 60d14.8%13.3%16.6%13.3%16.4%
IV Rank25.4%9.7%67.6%16.7%12.9%
IV Percentile33.2%6.0%92.9%17.9%9.9%
Term Structure0.4%-1.2%2.1%0.3%0.9%
VWIV22.6%17.6%28.8%17.8%22.9%
Skew 25d5.0%3.2%8.4%3.3%4.7%
Skew 10d9.4%0.2%17.2%5.1%6.2%
Call IV 25d18.1%15.6%20.8%18.0%16.4%
Put IV 25d23.2%20.0%26.9%21.3%21.2%
Bid-Ask Spread %89.0278.1997.4288.4592.25
Gamma HHI0.130.090.200.170.10
Net GEX-113.1K-178.4K-72.4K-73.9K-72.4K
Net DEX680.7K-243.1K2.1M783.1K-243.1K
Net VEX-9.4K-10.7K-8.4K-10.7K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.680.008.830.500.50
Total Volume79.34803653535
Total OI2,699.132,1903,0452,7052,860

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$50.95$53.0019.6%5.6%15.3%16.7%0.0%3.3%0.3%-73.9K783.1K-10.7K0.0088.45N/AN/A0351,5851,120
2023-03-02$51.10$53.0018.2%5.2%14.7%9.7%17.8%4.5%2.0%-92.1K820.2K-10.4K0.5089.36N/AN/A30151,5851,160
2023-03-03$51.39$53.0018.9%5.4%12.1%13.3%0.0%4.5%0.2%-74.7K588.0K-10.6K0.0093.61N/AN/A001,6151,175
2023-03-06$51.28$50.0020.1%5.2%11.6%19.0%17.6%3.7%0.1%-98.2K767.3K-9.7K0.3878.19N/AN/A40151,6151,175
2023-03-07$50.46$51.0020.6%5.6%12.7%21.5%18.2%3.5%-0.4%-113.1K1.4M-8.8K2.5080.97N/AN/A10251,6351,190
2023-03-08$50.24$51.0020.3%5.5%12.4%20.0%22.6%3.9%-0.0%-110.9K1.1M-8.4K8.8380.55N/AN/A302651,6301,105
2023-03-09$49.23$51.0023.2%6.0%13.0%34.4%21.3%3.9%-1.2%-154.8K1.6M-9.1K2.8082.53N/AN/A25701,6601,350
2023-03-10$48.47$51.0027.1%6.4%13.6%53.2%26.3%5.5%1.1%-166.4K2.1M-9.3K0.4086.14N/AN/A50201,6601,385
2023-03-13$48.65$51.0030.0%6.6%13.2%67.6%24.9%5.3%-0.3%-153.2K1.3M-9.6K0.2583.85N/AN/A2051,7101,260
2023-03-14$48.59$51.0025.0%6.2%13.1%42.9%18.2%5.7%-0.0%-168.6K1.4M-9.4K0.0086.17N/AN/A1001,7101,265
2023-03-15$48.52$51.0022.2%6.4%13.0%29.5%25.1%6.7%0.6%-178.4K1.4M-9.5K0.0085.34N/AN/A01251,7201,255
2023-03-16$49.53$51.0020.4%5.8%15.6%20.6%21.9%7.8%2.1%-102.8K860.4K-9.4K0.0095.17N/AN/A0201,7201,180
2023-03-17$48.80$51.0021.6%6.2%15.9%26.4%0.0%5.6%0.8%-133.7K993.6K-8.8K0.0097.42N/AN/A051,7201,195
2023-03-20$49.39$51.0022.8%6.5%16.7%32.6%19.8%8.4%0.1%-99.3K154.4K-8.9K2.0093.23N/AN/A30601,1701,020
2023-03-21$50.12$51.0019.5%5.6%17.2%16.1%20.6%5.3%0.6%-97.4K-106.3K-8.9K0.2596.31N/AN/A2051,1951,080
2023-03-22$49.73$51.0020.0%5.7%17.4%18.8%17.9%4.3%1.5%-87.7K-206.6K-8.8K0.0094.04N/AN/A6501,2151,080
2023-03-23$48.40$51.0022.9%6.6%19.2%32.7%27.0%5.5%0.2%-105.4K493.3K-8.5K0.2890.35N/AN/A285801,2201,080
2023-03-24$49.03$51.0021.7%6.2%19.9%27.0%28.5%7.3%-0.1%-95.9K140.7K-9.9K6.0089.92N/AN/A5301,2951,155
2023-03-27$49.61$51.0019.6%5.6%20.6%16.6%0.0%3.2%0.6%-89.1K-208.4K-9.7K0.0091.42N/AN/A001,3001,235
2023-03-28$48.79$51.0020.4%5.9%20.9%20.8%28.8%4.3%0.1%-111.7K185.4K-9.3K0.0087.49N/AN/A0501,3001,235
2023-03-29$48.82$51.0019.2%5.5%20.9%14.8%26.7%3.8%0.4%-118.7K237.1K-9.0K0.5093.39N/AN/A100501,3001,285
2023-03-30$49.06$51.0019.6%5.6%21.0%16.5%22.9%5.1%0.2%-102.2K65.0K-10.1K0.5091.37N/AN/A130651,4001,275
2023-03-31$49.33$51.0018.8%5.4%21.0%12.9%0.0%4.7%0.9%-72.4K-243.1K-10.2K0.0092.25N/AN/A0351,5301,330