IHF Options History — October 2023

In October 2023, IHF traded between $48.62 and $51.02. ATM implied volatility averaged 18.1%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 5.7% (HV 20d: 12.4%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2023-10-10: Highest Volume — 645 contracts
  • 2023-10-16: Largest IV drop — 15.9% change
  • 2023-10-27: Highest IV Rank — 44.3%
  • 2023-10-27: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.84$48.62$51.02$49.46$49.64
Max Pain$47.95$47.00$50.00$50.00$48.00
ATM IV18.1%15.3%21.4%18.3%17.2%
Expected Move5.2%4.1%6.1%5.3%4.9%
HV 20d12.4%10.2%13.9%10.2%13.0%
HV 60d12.8%12.2%14.1%14.1%12.7%
IV Rank28.1%14.5%44.3%29.3%23.9%
IV Percentile49.9%19.8%84.5%49.6%42.1%
Term Structure0.1%-2.1%2.1%-0.8%-0.8%
VWIV17.7%13.2%22.6%19.5%22.3%
Skew 25d4.4%3.2%5.3%3.2%3.9%
Skew 10d7.3%-3.0%10.0%7.1%6.8%
Call IV 25d16.0%13.7%19.1%16.6%16.3%
Put IV 25d20.4%17.6%24.4%19.8%20.1%
Bid-Ask Spread %86.5282.2794.3687.8190.02
Gamma HHI0.170.140.220.170.15
Net GEX127.3K823284.0K72.2K160.0K
Net DEX-989.2K-2.2M-146.3K-592.4K-853.7K
Net VEX-11.3K-13.2K-9.8K-11.5K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.003.501.502.50
Total Volume105.6825645255
Total OI2,513.4092,2302,9502,2802,480

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$49.46$50.0018.3%5.3%10.2%29.3%19.5%3.2%-0.8%72.2K-592.4K-11.5K1.5087.81N/AN/A10151,380900
2023-10-03$48.97$50.0018.6%5.3%10.8%30.5%22.6%5.0%0.3%43.5K-506.7K-12.1K0.0091.83N/AN/A0301,380910
2023-10-04$49.07$50.0018.7%5.4%10.8%31.3%17.1%5.3%-2.1%29.1K-234.2K-11.0K0.3394.36N/AN/A1551,380930
2023-10-05$49.45$47.0018.1%5.1%10.9%28.3%0.0%4.4%0.7%60.1K-605.1K-11.4K0.0082.27N/AN/A0101,365925
2023-10-06$50.06$47.0016.4%4.7%11.7%19.9%16.0%5.0%0.5%130.3K-1.1M-11.2K0.0084.18N/AN/A8501,365915
2023-10-09$50.29$47.0018.1%5.0%11.7%28.4%0.0%4.9%0.5%182.7K-1.5M-11.9K0.0083.70N/AN/A1501,435915
2023-10-10$50.60$47.0015.5%4.1%11.8%15.1%14.6%3.8%2.1%259.8K-2.0M-11.6K1.9384.99N/AN/A2204251,450915
2023-10-11$50.11$47.0016.6%4.7%12.4%20.6%16.1%4.5%0.9%65.7K-788.1K-12.8K0.3383.18N/AN/A45151,6001,255
2023-10-12$49.85$47.0016.7%4.8%12.6%21.2%13.2%4.1%0.7%12.0K-389.6K-12.7K0.1583.18N/AN/A260401,6151,260
2023-10-13$50.34$47.0018.2%5.2%13.0%28.8%16.2%4.1%0.1%99.0K-1.4M-13.2K0.0383.06N/AN/A16551,6901,260
2023-10-16$50.81$48.0015.3%4.4%13.3%14.5%18.5%4.4%1.6%242.8K-1.7M-12.1K0.7587.28N/AN/A20151,5851,190
2023-10-17$51.02$48.0016.3%4.7%13.3%19.2%14.5%4.0%1.3%284.0K-2.2M-12.1K0.0786.63N/AN/A135101,5751,190
2023-10-18$50.92$48.0017.5%5.0%13.1%25.1%17.3%4.6%0.6%279.8K-2.0M-12.1K0.0089.03N/AN/A4001,6601,180
2023-10-19$50.45$48.0018.8%5.4%13.5%31.5%17.6%4.7%-0.0%172.3K-1.5M-11.9K1.1783.83N/AN/A1151351,6601,180
2023-10-20$50.03$48.0018.9%5.4%13.9%32.1%17.7%4.4%-0.3%823-895.0K-11.1K0.2986.26N/AN/A70201,5901,080
2023-10-23$49.49$48.0018.8%5.4%13.8%31.7%17.1%5.2%-0.2%135.8K-699.8K-9.8K0.3287.80N/AN/A95301,455775
2023-10-24$49.68$48.0017.9%5.1%12.7%27.3%19.9%4.9%-0.1%162.9K-839.3K-10.1K3.5086.29N/AN/A10351,495805
2023-10-25$49.43$48.0020.1%5.8%12.6%38.3%16.8%4.7%-1.5%141.5K-708.3K-10.1K0.6786.13N/AN/A30201,520825
2023-10-26$49.15$48.0020.8%6.0%12.4%41.5%0.0%3.4%-0.6%109.8K-534.4K-10.3K0.0084.60N/AN/A051,540835
2023-10-27$48.62$48.0021.4%6.1%12.5%44.3%20.6%5.0%-0.3%50.0K-146.3K-9.8K0.0488.88N/AN/A13551,540840
2023-10-30$49.14$48.0019.6%5.6%13.0%35.6%18.0%3.7%-0.5%105.4K-529.8K-9.8K2.5088.04N/AN/A10251,605845
2023-10-31$49.64$48.0017.2%4.9%13.0%23.9%22.3%3.9%-0.8%160.0K-853.7K-9.9K0.0090.02N/AN/A051,610870