IHF Options History — September 2023

In September 2023, IHF traded between $49.28 and $50.50. ATM implied volatility averaged 14.8%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 2.9% (HV 20d: 11.9%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 3.59.

Notable Days

  • 2023-09-12: Highest Volume — 415 contracts
  • 2023-09-12: Largest IV spike — 48.8% change
  • 2023-09-12: Highest IV Rank — 37.7%
  • 2023-09-27: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.61$49.28$50.50$49.56$49.28
Max Pain$50.10$50.00$52.00$52.00$50.00
ATM IV14.8%12.4%20.1%13.5%16.6%
Expected Move4.2%3.6%5.1%3.9%4.7%
HV 20d11.9%9.1%14.9%14.9%10.1%
HV 60d14.7%13.6%17.1%17.1%14.2%
IV Rank11.8%0.0%37.7%4.8%20.6%
IV Percentile15.5%0.0%63.5%2.0%32.1%
Term Structure0.2%-1.5%1.4%0.5%-0.1%
VWIV15.3%12.4%17.8%17.2%16.7%
Skew 25d3.6%1.1%5.9%5.6%3.1%
Skew 10d6.2%-9.3%13.3%-9.3%7.6%
Call IV 25d13.3%11.5%15.4%13.0%14.8%
Put IV 25d16.9%14.6%19.1%18.5%17.9%
Bid-Ask Spread %87.0379.69102.7498.4180.13
Gamma HHI0.160.120.190.140.17
Net GEX85.5K-19.0K209.6K26.4K92.5K
Net DEX-459.6K-1.9M419.7K143.6K-630.5K
Net VEX-10.2K-13.4K-7.5K-8.6K-11.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.590.0038.000.380.00
Total Volume71.2504152050
Total OI2,005.51,6902,2851,6902,235

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$49.56$52.0013.5%3.9%14.9%4.8%0.0%5.6%0.5%26.4K143.6K-8.6K0.0098.41N/AN/A020925765
2023-09-05$49.51$50.0013.8%4.2%14.0%6.0%17.2%3.5%0.6%21.7K241.4K-8.4K0.0083.41N/AN/A05925785
2023-09-06$49.33$50.0015.3%4.7%13.9%13.4%16.8%2.7%-0.4%16.9K272.4K-8.0K0.0093.55N/AN/A045925790
2023-09-07$49.61$50.0015.6%4.4%14.2%15.0%0.0%5.9%0.5%7.8K384.7K-7.9K0.0096.70N/AN/A00925830
2023-09-08$49.42$50.0014.5%4.3%14.2%9.5%0.0%3.5%1.1%3.5K362.8K-8.2K0.0093.18N/AN/A025925830
2023-09-11$49.59$50.0013.5%4.1%13.8%4.8%17.8%2.8%0.9%-19.0K419.7K-7.5K0.3894.18N/AN/A4015925855
2023-09-12$49.46$50.0020.1%4.3%13.7%37.7%0.0%1.1%0.5%-11.0K305.9K-8.2K0.00102.74N/AN/A4150965870
2023-09-13$49.54$50.0013.0%3.7%13.5%2.4%0.0%2.4%0.7%60.4K-34.2K-9.9K1.0083.24N/AN/A551,220870
2023-09-14$49.54$50.0012.4%3.6%13.5%0.0%14.7%3.0%1.3%74.8K-344.8K-9.2K38.0081.84N/AN/A51901,225790
2023-09-15$49.41$50.0013.0%3.7%10.1%2.8%12.4%2.8%1.4%112.2K-338.2K-9.8K1.0083.25N/AN/A55551,245805
2023-09-18$49.44$50.0013.7%3.9%9.4%6.3%13.2%3.2%0.8%119.7K-696.2K-10.1K0.2079.96N/AN/A2551,260710
2023-09-19$49.36$50.0013.7%3.9%9.1%6.2%15.9%2.8%0.0%117.2K-661.1K-9.9K2.0081.23N/AN/A5101,275710
2023-09-20$49.80$50.0013.0%3.7%9.6%2.8%14.4%3.5%0.7%145.1K-915.2K-10.4K0.0784.27N/AN/A7551,280715
2023-09-21$50.04$50.0015.1%4.3%9.7%13.3%15.1%4.4%-0.2%149.2K-1.3M-11.9K0.2688.32N/AN/A170451,355810
2023-09-22$49.99$50.0014.7%4.2%9.6%11.6%14.2%4.8%-0.3%162.9K-1.2M-12.6K0.0085.47N/AN/A2001,435830
2023-09-25$50.50$50.0015.3%4.4%10.2%14.1%0.0%5.0%-0.4%209.6K-1.9M-13.4K0.0084.64N/AN/A0101,440830
2023-09-26$49.69$50.0015.9%4.5%11.7%17.1%15.5%4.0%-0.3%152.6K-1.2M-12.8K0.0081.35N/AN/A0101,440835
2023-09-27$49.38$50.0017.7%5.1%11.6%26.4%0.0%3.5%-1.2%119.8K-930.6K-12.4K0.2079.69N/AN/A50101,440845
2023-09-28$49.78$50.0016.7%4.8%12.0%21.0%15.5%3.5%-1.5%147.5K-1.1M-12.5K0.0085.05N/AN/A5501,415855
2023-09-29$49.28$50.0016.6%4.7%10.1%20.6%16.7%3.1%-0.1%92.5K-630.5K-11.6K0.0080.13N/AN/A0501,380855