IHF Options History — July 2023

In July 2023, IHF traded between $49.57 and $53.09. ATM implied volatility averaged 14.5%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 3.3% (HV 20d: 17.8%). Max pain ranged from $49.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.71.

Notable Days

  • 2023-07-19: Highest Volume — 445 contracts
  • 2023-07-06: Largest IV spike — 13.3% change
  • 2023-07-11: Highest IV Rank — 15.1%
  • 2023-07-31: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.44$49.57$53.09$50.91$52.45
Max Pain$49.70$49.00$50.00$50.00$50.00
ATM IV14.5%12.6%15.7%12.6%15.5%
Expected Move4.2%3.6%4.4%3.6%4.4%
HV 20d17.8%15.6%20.9%19.7%16.9%
HV 60d17.8%17.4%18.6%17.7%17.4%
IV Rank9.5%0.3%15.1%0.3%14.6%
IV Percentile5.3%0.8%11.9%0.8%11.9%
Term Structure0.4%-0.4%1.1%1.1%-0.0%
VWIV14.7%11.5%16.8%11.5%13.6%
Skew 25d2.6%0.8%3.9%2.5%2.3%
Skew 10d7.1%4.1%10.6%6.4%8.7%
Call IV 25d13.3%11.5%14.3%11.5%14.3%
Put IV 25d15.9%14.0%17.1%14.0%16.6%
Bid-Ask Spread %94.4091.12100.2396.9594.97
Gamma HHI0.200.160.490.160.18
Net GEX126.0K27.9K308.9K140.5K136.0K
Net DEX-2.1M-4.0M-651.3K-1.6M-2.7M
Net VEX-10.1K-14.4K-7.0K-7.2K-13.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0010.000.250.33
Total Volume102.750445250
Total OI2,313.751,8052,9701,8152,645

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$50.91$50.0012.6%3.6%19.7%0.3%11.5%2.5%1.1%140.5K-1.6M-7.2K0.2596.95N/AN/A2051,035780
2023-07-05$50.59$50.0013.2%3.8%19.8%3.0%13.1%2.8%1.0%116.1K-1.4M-7.2K0.0097.67N/AN/A13001,020785
2023-07-06$50.21$49.0014.9%4.3%19.7%11.5%12.5%3.6%0.4%107.2K-1.2M-7.5K1.0092.04N/AN/A551,050785
2023-07-07$49.80$49.0013.7%4.1%19.9%5.7%12.7%3.3%1.1%74.8K-890.2K-7.3K0.5093.32N/AN/A1051,045790
2023-07-10$50.24$49.0014.5%4.4%20.0%9.4%15.2%3.2%0.1%118.9K-1.1M-7.1K4.0091.12N/AN/A10401,045795
2023-07-11$50.50$49.0015.7%4.4%20.1%15.1%0.0%1.4%0.9%136.9K-1.3M-7.0K0.0095.84N/AN/A051,055820
2023-07-12$49.61$49.0015.1%4.3%20.9%12.3%15.4%3.0%0.8%40.4K-673.6K-7.1K5.1792.32N/AN/A301551,055815
2023-07-13$49.57$49.0014.8%4.2%20.8%10.7%16.8%3.1%0.2%27.9K-651.3K-7.5K0.7093.35N/AN/A135951,125960
2023-07-14$51.01$50.0015.2%4.4%17.0%13.2%15.8%3.9%0.3%308.9K-1.9M-9.0K0.0592.08N/AN/A310151,2551,265
2023-07-17$51.07$50.0015.4%4.4%15.6%14.2%15.1%3.3%-0.2%131.3K-1.5M-8.1K10.0091.60N/AN/A5501,0951,255
2023-07-18$51.85$50.0014.6%4.2%15.6%10.2%14.6%3.1%0.8%133.0K-2.2M-7.2K0.0693.10N/AN/A235151,1001,255
2023-07-19$52.53$50.0014.7%4.2%16.0%10.7%15.1%2.3%-0.1%121.8K-3.4M-9.1K0.5193.66N/AN/A2951501,3201,240
2023-07-20$52.89$50.0014.7%4.2%16.0%10.7%15.8%2.2%-0.4%141.1K-3.8M-13.8K2.0093.42N/AN/A5101,5751,390
2023-07-21$52.99$50.0014.3%4.1%16.0%8.6%14.1%1.9%0.1%132.4K-4.0M-13.4K0.0093.85N/AN/A13001,5801,390
2023-07-24$52.77$50.0013.7%3.9%16.1%5.6%16.8%2.4%0.6%145.6K-3.1M-13.7K0.0093.60N/AN/A0101,4501,095
2023-07-25$53.09$50.0014.1%4.0%16.2%7.6%14.8%3.3%0.6%152.8K-3.2M-13.3K3.5094.46N/AN/A10351,4501,085
2023-07-26$52.67$50.0014.0%4.0%16.6%6.9%0.0%2.0%0.4%135.8K-3.0M-13.9K1.0095.91N/AN/A551,4601,160
2023-07-27$52.11$50.0015.0%4.3%17.0%12.0%16.6%1.7%-0.3%111.3K-2.5M-14.4K0.0098.61N/AN/A10001,4601,165
2023-07-28$52.01$50.0014.1%4.0%16.9%7.6%13.6%0.8%-0.1%107.6K-2.3M-14.3K0.33100.23N/AN/A1551,4601,165
2023-07-31$52.45$50.0015.5%4.4%16.9%14.6%0.0%2.3%-0.0%136.0K-2.7M-13.6K0.0094.97N/AN/A001,4751,170