IHF Options History — January 2025

In January 2025, IHF traded between $47.84 and $53.03. ATM implied volatility averaged 21.0%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.9% (HV 20d: 18.1%). Max pain ranged from $49.00 to $52.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-01-23: Highest Volume — 3,163 contracts
  • 2025-01-28: Largest IV spike — 123.0% change
  • 2025-01-13: Highest IV Rank — 58.7%
  • 2025-01-28: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.71$47.84$53.03$47.84$52.74
Max Pain$49.55$49.00$52.00$50.00$52.00
ATM IV21.0%8.4%36.1%21.3%30.9%
Expected Move5.1%2.4%9.9%6.1%8.9%
HV 20d18.1%15.1%22.1%20.3%16.4%
HV 60d19.9%18.9%20.7%20.3%20.0%
IV Rank27.1%0.5%58.7%27.6%47.9%
IV Percentile63.8%0.4%95.6%79.4%92.1%
Term Structure1.4%-24.2%17.9%-1.7%-4.6%
VWIV16.7%11.1%21.6%20.3%15.5%
Skew 25d0.9%-5.1%16.1%3.9%-2.3%
Skew 10d1.0%-5.6%8.6%1.5%-0.8%
Call IV 25d16.2%13.2%20.7%20.7%14.9%
Put IV 25d17.1%9.7%32.0%24.5%12.6%
Bid-Ask Spread %125.56118.97134.60128.43120.06
Gamma HHI0.830.740.970.760.83
Net GEX1.4M633.3K3.6M835.0K663.5K
Net DEX-7.6M-14.3M-3.2M-3.2M-5.1M
Net VEX-25.9K-36.9K-9.4K-26.1K-9.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.0010.870.000.18
Total Volume273.0503,163513
Total OI4,947.152,2476,0315,9732,401

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$47.84$50.0021.3%6.1%20.3%27.6%0.0%3.9%-1.7%835.0K-3.2M-26.1K0.00128.43N/AN/A505,701272
2025-01-03$48.72$50.0018.6%5.3%22.1%21.9%0.0%6.5%-0.8%1.1M-4.7M-29.1K1.00127.78N/AN/A555,704272
2025-01-06$48.79$49.0016.9%4.5%20.5%18.4%20.3%-5.1%2.1%1.1M-5.4M-31.9K0.08125.04N/AN/A1215,709277
2025-01-07$49.10$49.0024.3%4.8%20.3%33.9%15.6%0.3%-2.7%1.2M-5.4M-29.7K0.00134.60N/AN/A015,719276
2025-01-08$49.61$49.0026.7%4.0%20.0%39.0%19.6%5.6%0.4%1.3M-7.5M-35.6K0.00130.31N/AN/A3505,719277
2025-01-10$49.20$49.0021.1%4.3%20.0%27.2%0.0%0.9%7.7%1.3M-5.3M-28.9K0.06130.43N/AN/A3125,754277
2025-01-13$50.41$49.0036.1%4.9%20.4%58.7%19.5%-0.5%1.7%1.5M-9.9M-36.9K0.28118.97N/AN/A2985,725278
2025-01-14$50.37$49.0030.6%4.2%19.0%47.2%21.6%-0.6%5.5%1.6M-9.3M-34.8K2.25123.09N/AN/A495,702285
2025-01-15$50.55$49.0014.7%4.2%18.9%13.7%0.0%16.1%-0.1%1.3M-10.7M-36.7K0.00127.37N/AN/A005,702294
2025-01-16$49.73$49.0015.2%4.3%17.7%14.7%18.9%10.3%17.9%1.4M-7.0M-30.0K0.10119.85N/AN/A1015,702294
2025-01-17$50.03$49.0014.6%4.2%15.1%13.5%0.0%-4.4%-1.8%1.5M-7.7M-31.6K0.17123.00N/AN/A59105,694285
2025-01-21$50.97$49.0014.6%4.2%16.1%13.4%14.4%1.4%4.6%2.4M-10.3M-32.5K0.00124.16N/AN/A1905,62282
2025-01-22$51.06$49.0016.7%4.8%15.8%18.0%16.7%-0.3%-6.2%2.2M-11.1M-33.1K0.00124.88N/AN/A0105,62782
2025-01-23$51.78$49.0012.7%3.6%16.0%9.4%11.1%1.3%3.6%3.6M-14.3M-33.5K0.00125.58N/AN/A3,16215,62778
2025-01-24$51.94$49.008.4%2.4%16.0%0.5%0.0%-4.6%3.6%1.5M-7.7M-17.3K0.00127.12N/AN/A003,15079
2025-01-27$53.03$49.0015.5%4.5%17.0%15.5%12.2%-3.2%-0.3%1.5M-12.2M-11.5K0.12131.16N/AN/A1,6472013,15079
2025-01-28$53.02$49.0034.7%9.9%17.0%55.8%16.1%-0.7%-24.2%644.5K-5.9M-9.4K10.87122.97N/AN/A151631,968279
2025-01-29$52.67$52.0020.8%6.0%16.9%26.5%16.2%-1.9%9.2%633.3K-4.9M-10.2K0.00122.52N/AN/A011,959441
2025-01-30$52.68$52.0026.6%7.6%16.5%38.8%16.1%-5.1%14.2%638.5K-4.9M-10.1K0.00123.90N/AN/A201,959442
2025-01-31$52.74$52.0030.9%8.9%16.4%47.9%15.5%-2.3%-4.6%663.5K-5.1M-9.8K0.18120.06N/AN/A1121,959442