IHF Options History — May 2023

In May 2023, IHF traded between $48.44 and $51.69. ATM implied volatility averaged 17.7%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.6% (HV 20d: 17.1%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 2.28.

Notable Days

  • 2023-05-01: Highest Volume — 230 contracts
  • 2023-05-05: Largest IV drop — 14.1% change
  • 2023-05-04: Highest IV Rank — 21.4%
  • 2023-05-03: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.94$48.44$51.69$51.69$48.98
Max Pain$48.64$47.00$50.00$50.00$49.00
ATM IV17.7%16.3%20.4%16.3%18.0%
Expected Move5.1%4.7%5.7%4.7%5.2%
HV 20d17.1%13.5%20.4%20.4%13.5%
HV 60d18.7%18.2%18.9%18.2%18.9%
IV Rank9.3%1.5%21.4%1.9%11.7%
IV Percentile10.6%0.8%33.7%0.8%13.5%
Term Structure0.5%-0.9%2.3%-0.7%-0.5%
VWIV18.4%11.3%22.1%18.4%19.7%
Skew 25d4.6%2.0%7.9%3.2%4.9%
Skew 10d11.2%6.1%17.4%6.8%11.7%
Call IV 25d15.6%14.1%17.5%14.6%15.5%
Put IV 25d20.3%17.5%23.3%17.8%20.3%
Bid-Ask Spread %94.4190.72101.7995.5896.25
Gamma HHI0.130.090.300.100.12
Net GEX70.8K-14.3K204.0K24.4K7.7K
Net DEX-1.2M-2.1M-553.7K-2.1M-735.2K
Net VEX-7.8K-9.7K-6.4K-8.5K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.280.008.208.200.00
Total Volume45.455023023010
Total OI2,269.5451,5052,7052,5501,625

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$51.69$50.0016.3%4.7%20.4%1.9%18.4%3.2%-0.7%24.4K-2.1M-8.5K8.2095.58N/AN/A252051,5151,035
2023-05-02$50.83$50.0018.2%5.2%19.3%10.9%11.3%4.2%-0.5%40.1K-1.6M-8.6K0.0296.81N/AN/A21051,540930
2023-05-03$50.38$50.0020.0%5.7%19.4%19.7%0.0%7.1%0.6%54.0K-1.5M-9.3K1.50101.79N/AN/A10151,640930
2023-05-04$49.82$47.0020.4%5.6%17.8%21.4%20.9%6.1%-0.4%40.3K-933.5K-9.5K7.0090.72N/AN/A5351,645945
2023-05-05$50.82$50.0017.5%5.0%19.4%7.4%18.5%7.9%1.8%62.1K-1.6M-9.7K2.0091.92N/AN/A5101,650970
2023-05-08$50.73$48.0016.3%5.0%19.3%1.5%0.0%3.8%1.1%74.7K-1.5M-9.0K0.0093.67N/AN/A051,645960
2023-05-09$50.58$48.0016.9%5.0%18.6%4.4%0.0%6.3%1.2%80.2K-1.4M-9.0K0.0093.56N/AN/A001,645965
2023-05-10$50.55$48.0016.9%4.8%18.6%4.5%0.0%5.4%1.7%91.0K-1.4M-8.6K1.0092.51N/AN/A551,645965
2023-05-11$50.20$48.0018.0%5.2%18.1%10.1%22.1%3.3%1.0%106.3K-1.4M-8.0K1.5092.84N/AN/A10151,650915
2023-05-12$50.11$48.0017.4%5.0%17.4%8.4%0.0%5.1%1.4%107.3K-1.3M-7.8K0.0095.21N/AN/A0251,640930
2023-05-15$50.13$48.0016.6%4.8%17.4%3.9%0.0%3.7%2.3%118.2K-1.2M-7.4K0.0093.54N/AN/A001,640925
2023-05-16$49.44$48.0017.1%4.9%17.9%6.9%15.5%3.1%1.2%99.6K-1.2M-7.2K0.1092.90N/AN/A105101,640870
2023-05-17$50.10$48.0017.5%5.0%16.6%9.2%20.2%5.1%0.7%172.7K-1.6M-7.7K0.0092.51N/AN/A0201,745880
2023-05-18$49.73$48.0016.6%4.8%16.7%3.8%22.0%4.5%1.0%157.2K-1.4M-7.4K7.5096.25N/AN/A10751,745890
2023-05-19$49.81$48.0016.9%4.9%16.6%5.7%16.4%2.0%0.5%204.0K-1.5M-7.0K2.0094.81N/AN/A10201,745960
2023-05-22$49.91$49.0016.5%4.7%15.9%3.4%0.0%4.4%1.0%39.0K-1.1M-7.0K0.1794.47N/AN/A305965540
2023-05-23$49.56$49.0016.8%4.8%16.0%4.9%15.8%4.3%-0.1%32.3K-1.0M-7.0K0.0093.87N/AN/A550995545
2023-05-24$49.33$49.0018.8%5.4%15.4%16.5%18.9%5.3%-0.3%41.4K-957.7K-7.2K0.0092.95N/AN/A0201,050545
2023-05-25$48.81$49.0018.4%5.3%14.1%14.4%19.3%4.9%-0.1%9.3K-693.6K-7.2K1.0095.39N/AN/A20201,050570
2023-05-26$48.83$49.0018.3%5.3%14.0%13.8%0.0%3.9%-0.2%9.1K-668.1K-6.5K0.0094.85N/AN/A001,050570
2023-05-30$48.44$49.0019.4%5.6%13.6%20.1%0.0%3.4%-0.9%-14.3K-553.7K-6.4K0.0094.58N/AN/A001,050575
2023-05-31$48.98$49.0018.0%5.2%13.5%11.7%19.7%4.9%-0.5%7.7K-735.2K-6.5K0.0096.25N/AN/A1001,050575