IHF Options History — February 2025

In February 2025, IHF traded between $50.38 and $53.30. ATM implied volatility averaged 15.7%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 3.3% (HV 20d: 19.0%). Max pain ranged from $50.00 to $53.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.30.

Notable Days

2025-02-06: Highest Volume — 177 contracts
2025-02-05: Largest IV drop — 32.1% change
2025-02-04: Highest IV Rank — 31.8%
2025-02-10: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.71	$50.38	$53.30	$53.30	$50.53
Max Pain	$52.21	$50.00	$53.00	$52.00	$51.00
ATM IV	15.7%	12.1%	23.3%	18.6%	18.9%
Expected Move	4.5%	3.2%	6.8%	5.3%	5.4%
HV 20d	19.0%	16.0%	21.5%	16.4%	21.5%
HV 60d	20.0%	19.3%	20.6%	20.1%	20.6%
IV Rank	15.8%	8.3%	31.8%	21.8%	22.6%
IV Percentile	43.7%	12.7%	80.2%	67.1%	67.5%
Term Structure	0.6%	-4.6%	11.3%	-3.4%	-1.2%
VWIV	15.1%	14.2%	15.6%	15.6%	15.3%
Skew 25d	0.8%	-2.4%	6.7%	-1.4%	2.1%
Skew 10d	-5.0%	-18.0%	2.6%	-7.6%	0.3%
Call IV 25d	15.7%	11.9%	18.8%	18.7%	17.5%
Put IV 25d	16.4%	13.5%	22.7%	17.3%	19.6%
Bid-Ask Spread %	126.93	116.30	139.97	123.46	121.66
Gamma HHI	0.73	0.35	0.95	0.83	0.35
Net GEX	830.1K	74.1K	3.0M	596.1K	74.3K
Net DEX	-3.3M	-6.3M	-612.5K	-6.1M	-612.5K
Net VEX	-6.4K	-10.1K	-3.0K	-8.0K	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	2.05	0.01	0.00
Total Volume	21.211	0	177	0	0
Total OI	1,938.105	460	2,569	2,393	461

Daily Data (19 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
2025-02-03	$53.30	$52.00	18.6%	5.3%	16.4%	21.8%	0.0%	-1.4%	-3.4%	596.1K	-6.1M	-8.0K	0.00	123.46	N/A	N/A	0	0	1,951	442
2025-02-04	$53.06	$52.00	23.3%	6.7%	16.0%	31.8%	0.0%	-1.6%	-4.6%	634.6K	-5.7M	-8.5K	0.00	116.30	N/A	N/A	0	0	1,951	442
2025-02-05	$52.95	$52.00	15.8%	4.5%	16.1%	16.1%	0.0%	-1.1%	-3.6%	674.6K	-5.6M	-8.3K	0.00	121.59	N/A	N/A	0	0	1,951	442
2025-02-06	$51.55	$53.00	14.4%	5.0%	19.4%	13.1%	0.0%	6.7%	-3.5%	829.9K	-2.9M	-8.6K	0.01	139.97	N/A	N/A	176	1	1,951	442
2025-02-07	$51.70	$53.00	17.7%	3.2%	19.2%	20.0%	15.6%	0.6%	1.2%	788.2K	-3.8M	-10.1K	0.00	136.60	N/A	N/A	4	0	2,126	443
2025-02-10	$52.10	$53.00	15.9%	6.8%	18.9%	16.2%	0.0%	1.4%	-2.4%	984.8K	-4.4M	-9.3K	0.00	139.81	N/A	N/A	3	0	2,123	443
2025-02-11	$51.66	$53.00	15.2%	4.0%	17.5%	14.7%	0.0%	1.1%	11.3%	1.0M	-3.2M	-8.6K	0.00	138.63	N/A	N/A	0	75	2,123	443
2025-02-12	$51.56	$53.00	12.1%	3.5%	17.5%	8.3%	0.0%	-0.6%	-2.2%	1.1M	-2.9M	-8.0K	0.00	136.86	N/A	N/A	0	0	2,085	377
2025-02-13	$52.59	$53.00	13.4%	3.8%	18.7%	11.0%	0.0%	0.8%	-3.3%	1.1M	-5.6M	-7.9K	0.30	131.69	N/A	N/A	10	3	2,085	377
2025-02-14	$52.14	$53.00	14.0%	4.0%	17.9%	12.2%	0.0%	0.3%	6.4%	1.4M	-4.4M	-8.0K	0.00	131.68	N/A	N/A	0	0	2,085	379
2025-02-18	$51.58	$53.00	13.9%	4.0%	18.4%	12.0%	0.0%	1.9%	6.2%	1.3M	-3.0M	-6.2K	2.05	126.06	N/A	N/A	20	41	2,085	379
2025-02-19	$52.55	$53.00	13.0%	3.7%	18.4%	10.1%	0.0%	1.6%	-1.8%	1.4M	-6.3M	-5.5K	0.00	120.34	N/A	N/A	10	0	2,105	368
2025-02-20	$52.08	$53.00	14.3%	4.1%	18.8%	12.9%	0.0%	1.0%	-1.9%	3.0M	-4.7M	-5.1K	0.00	121.68	N/A	N/A	0	0	2,094	368
2025-02-21	$50.45	$53.00	16.3%	4.7%	21.5%	17.1%	14.2%	0.7%	1.9%	505.8K	-721.2K	-3.2K	0.33	122.59	N/A	N/A	43	14	2,094	367
2025-02-24	$50.45	$51.00	15.7%	4.5%	21.4%	15.7%	15.2%	1.4%	-0.9%	76.7K	-648.0K	-3.2K	0.00	124.24	N/A	N/A	1	0	424	36
2025-02-25	$51.20	$50.00	15.5%	4.5%	20.7%	15.5%	0.0%	3.3%	4.1%	91.7K	-748.0K	-3.4K	0.00	121.22	N/A	N/A	0	0	425	36
2025-02-26	$50.38	$50.00	15.4%	4.4%	21.3%	15.1%	15.3%	-0.9%	5.3%	77.7K	-634.7K	-3.2K	0.00	116.54	N/A	N/A	1	0	425	36
2025-02-27	$50.73	$51.00	14.8%	4.2%	21.5%	13.9%	0.0%	-2.4%	3.0%	74.1K	-699.9K	-3.3K	0.00	120.72	N/A	N/A	0	1	424	36
2025-02-28	$50.53	$51.00	18.9%	5.4%	21.5%	22.6%	0.0%	2.1%	-1.2%	74.3K	-612.5K	-3.0K	0.00	121.66	N/A	N/A	0	0	424	37