IHF Options History — February 2024

In February 2024, IHF traded between $51.80 and $54.09. ATM implied volatility averaged 14.2%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 1.1% (HV 20d: 13.1%). Max pain ranged from $49.00 to $53.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 2.26.

Notable Days

2024-02-02: Highest Volume — 260 contracts
2024-02-07: Largest IV drop — 11.8% change
2024-02-01: Highest IV Rank — 22.2%
2024-02-13: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.31	$51.80	$54.09	$52.19	$52.91
Max Pain	$50.20	$49.00	$53.00	$49.00	$53.00
ATM IV	14.2%	13.2%	15.7%	15.7%	13.5%
Expected Move	4.0%	3.8%	4.4%	4.2%	3.9%
HV 20d	13.1%	10.7%	14.9%	12.4%	12.9%
HV 60d	13.4%	12.6%	13.7%	13.4%	12.6%
IV Rank	13.8%	8.4%	22.2%	22.2%	10.2%
IV Percentile	19.5%	4.8%	44.8%	44.8%	8.3%
Term Structure	0.6%	0.0%	2.0%	0.5%	0.6%
VWIV	14.3%	12.2%	17.5%	17.5%	13.5%
Skew 25d	1.6%	-0.2%	3.1%	3.1%	1.6%
Skew 10d	3.3%	0.8%	6.0%	5.9%	3.8%
Call IV 25d	13.3%	12.1%	15.2%	12.7%	13.4%
Put IV 25d	14.9%	13.9%	15.9%	15.8%	14.9%
Bid-Ask Spread %	93.37	86.52	98.43	86.52	97.43
Gamma HHI	0.24	0.17	0.45	0.22	0.28
Net GEX	17.4K	-243.2K	239.3K	-147.4K	-138.8K
Net DEX	-896.1K	-1.9M	226.8K	-155.7K	127.6K
Net VEX	-7.6K	-10.8K	-5.7K	-10.6K	-7.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.26	0.00	15.00	1.00	15.00
Total Volume	45.5	0	260	0	160
Total OI	2,255	1,305	2,910	2,670	1,635

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-02-01	$52.19	$49.00	15.7%	4.2%	12.4%	22.2%	0.0%	3.1%	0.5%	-147.4K	-155.7K	-10.6K	0.00	86.52	N/A	N/A	0	0	580	2,090
2024-02-02	$52.42	$49.00	15.1%	4.0%	12.4%	18.7%	17.5%	2.5%	0.9%	-118.3K	-349.7K	-10.1K	0.00	88.36	N/A	N/A	0	260	580	2,090
2024-02-05	$51.80	$50.00	15.4%	3.9%	13.0%	20.5%	0.0%	1.6%	1.1%	-243.2K	226.8K	-10.8K	0.00	90.12	N/A	N/A	0	0	580	2,250
2024-02-06	$52.22	$50.00	15.1%	4.0%	13.3%	18.7%	0.0%	0.9%	0.8%	-130.7K	-263.0K	-10.0K	0.00	89.88	N/A	N/A	0	0	580	2,250
2024-02-07	$52.73	$50.00	13.3%	3.8%	13.8%	9.0%	0.0%	0.9%	2.0%	-13.7K	-792.8K	-8.7K	0.00	90.58	N/A	N/A	0	0	580	2,250
2024-02-08	$53.07	$50.00	13.6%	3.9%	14.0%	10.5%	0.0%	1.6%	0.9%	36.1K	-1.0M	-8.1K	0.00	92.67	N/A	N/A	0	0	580	2,250
2024-02-09	$53.35	$50.00	13.2%	3.8%	14.1%	8.4%	12.2%	2.0%	1.0%	102.5K	-1.3M	-7.4K	1.00	93.73	N/A	N/A	10	10	580	2,250
2024-02-12	$53.98	$50.00	13.8%	4.0%	13.6%	11.7%	13.9%	1.8%	0.5%	124.9K	-1.7M	-6.7K	0.00	88.36	N/A	N/A	10	0	590	2,255
2024-02-13	$53.21	$50.00	15.3%	4.4%	14.6%	19.6%	15.2%	0.4%	0.6%	85.8K	-1.1M	-7.6K	0.00	90.96	N/A	N/A	5	0	590	2,255
2024-02-14	$53.71	$50.00	13.7%	3.9%	14.9%	11.3%	13.9%	2.0%	0.8%	162.1K	-1.6M	-6.7K	0.04	92.31	N/A	N/A	115	5	610	2,255
2024-02-15	$54.03	$50.00	13.5%	3.9%	14.4%	10.0%	0.0%	2.1%	0.4%	151.7K	-1.9M	-6.8K	0.00	94.02	N/A	N/A	0	0	655	2,255
2024-02-16	$54.02	$50.00	13.6%	3.9%	13.8%	10.4%	14.3%	1.5%	1.0%	239.3K	-1.9M	-6.5K	0.00	94.13	N/A	N/A	10	0	655	2,255
2024-02-20	$53.78	$50.00	14.2%	4.1%	13.4%	13.9%	14.3%	1.3%	0.2%	42.4K	-929.4K	-6.6K	2.50	95.04	N/A	N/A	10	25	425	975
2024-02-21	$53.68	$50.00	14.6%	4.2%	13.4%	15.9%	14.3%	1.8%	0.4%	44.6K	-867.8K	-6.6K	0.00	95.47	N/A	N/A	0	200	430	975
2024-02-22	$54.00	$50.00	14.0%	4.0%	13.3%	12.8%	0.0%	2.2%	0.4%	59.8K	-1.0M	-6.2K	0.00	96.64	N/A	N/A	0	0	430	875
2024-02-23	$54.09	$50.00	13.7%	3.9%	10.9%	10.8%	0.0%	1.4%	0.4%	70.3K	-1.1M	-5.9K	0.00	97.42	N/A	N/A	0	10	430	875
2024-02-26	$54.04	$50.00	14.1%	4.1%	10.8%	13.4%	0.0%	-0.2%	0.1%	71.5K	-1.1M	-5.8K	0.00	97.48	N/A	N/A	0	0	430	875
2024-02-27	$53.99	$50.00	14.1%	4.0%	10.7%	13.0%	14.0%	0.3%	0.0%	74.9K	-1.1M	-5.7K	0.00	98.43	N/A	N/A	10	0	430	875
2024-02-28	$53.02	$53.00	14.4%	4.1%	12.9%	15.2%	13.9%	2.4%	0.1%	-125.8K	-51.8K	-7.5K	1.80	97.82	N/A	N/A	25	45	440	1,135
2024-02-29	$52.91	$53.00	13.5%	3.9%	12.9%	10.2%	13.5%	1.6%	0.6%	-138.8K	127.6K	-7.9K	15.00	97.43	N/A	N/A	10	150	450	1,185