HBCP Options History — January 2025

In January 2025, HBCP traded between $42.11 and $50.37. ATM implied volatility averaged 58.0%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 19.0% (HV 20d: 39.0%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 1.43.

Notable Days

2025-01-13: Highest Volume — 11 contracts
2025-01-15: Largest IV drop — 64.0% change
2025-01-14: Highest IV Rank — 64.7%
2025-01-03: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.41	$42.11	$50.37	$45.32	$50.30
Max Pain	$44.41	$40.00	$45.00	$40.00	$45.00
ATM IV	58.0%	40.2%	118.9%	48.6%	40.2%
Expected Move	12.7%	10.9%	18.1%	13.9%	11.5%
HV 20d	39.0%	35.8%	46.3%	36.8%	37.6%
HV 60d	40.2%	38.3%	41.1%	39.0%	40.6%
IV Rank	20.2%	7.2%	64.7%	13.3%	7.2%
IV Percentile	46.9%	9.9%	98.0%	42.1%	9.9%
Term Structure	-12.1%	-26.1%	-5.7%	-13.5%	-15.0%
VWIV	23.8%	17.6%	27.0%	17.6%	27.0%
Skew 25d	8.4%	-2.2%	21.4%	21.2%	13.2%
Skew 10d	27.2%	-6.3%	79.1%	59.1%	18.6%
Call IV 25d	50.3%	27.9%	78.9%	60.4%	30.8%
Put IV 25d	58.8%	40.1%	92.6%	81.6%	44.0%
Bid-Ask Spread %	124.10	114.46	129.56	126.70	127.33
Gamma HHI	0.40	0.30	0.53	0.34	0.40
Net GEX	1.9K	546	3.1K	3.1K	1.3K
Net DEX	-54.7K	-83.3K	-22.5K	-76.7K	-46.3K
Net VEX	-179	-246	-132	-167	-159
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.43	0.00	10.00	10.00	0.00
Total Volume	1.1	0	11	0	2
Total OI	37.2	25	53	41	28

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 Vol	Put Vol	Call OI	Put OI
2025-01-02	$45.32	$40.00	48.6%	13.9%	36.8%	13.3%	0.0%	21.2%	-13.5%	3.1K	-76.7K	-167	0.00	126.70	0	0	36	5
2025-01-03	$45.95	$40.00	63.2%	18.1%	37.2%	24.0%	0.0%	13.7%	-26.1%	3.0K	-83.3K	-174	0.00	127.56	0	0	36	5
2025-01-06	$45.16	$0.00	64.1%	11.3%	37.3%	24.7%	0.0%	4.1%	-8.6%	3.0K	-75.2K	-161	0.00	126.04	0	0	36	5
2025-01-07	$44.20	$0.00	70.4%	10.9%	37.4%	29.3%	0.0%	3.2%	-10.4%	3.0K	-67.5K	-156	0.00	124.00	0	0	36	5
2025-01-08	$44.30	$0.00	63.3%	10.9%	37.5%	24.1%	0.0%	2.0%	-10.5%	3.1K	-68.4K	-147	0.00	123.25	0	0	36	5
2025-01-10	$42.11	$45.00	93.0%	11.8%	39.9%	45.8%	0.0%	7.2%	-6.1%	2.6K	-48.0K	-140	0.00	122.62	0	0	37	5
2025-01-13	$42.77	$45.00	106.5%	12.8%	40.6%	55.6%	0.0%	2.2%	-19.9%	2.8K	-55.5K	-132	10.00	128.22	1	10	37	5
2025-01-14	$44.20	$45.00	118.9%	12.2%	43.1%	64.7%	0.0%	1.2%	-14.3%	2.5K	-59.5K	-246	0.00	126.85	0	0	38	15
2025-01-15	$45.64	$45.00	42.8%	12.3%	44.9%	9.1%	0.0%	-2.2%	-7.5%	2.7K	-75.1K	-230	0.00	127.56	0	0	38	15
2025-01-16	$45.06	$45.00	42.8%	12.3%	44.9%	9.1%	0.0%	1.3%	-9.8%	2.9K	-69.6K	-228	0.00	127.97	0	0	38	15
2025-01-17	$46.38	$45.00	42.5%	12.2%	46.3%	8.9%	0.0%	1.6%	-5.7%	546	-71.7K	-202	0.00	129.50	0	0	38	15
2025-01-21	$47.19	$45.00	49.6%	14.2%	37.9%	14.1%	0.0%	0.2%	-13.4%	689	-29.3K	-190	0.00	127.57	0	0	15	10
2025-01-22	$46.58	$45.00	46.2%	13.2%	36.5%	11.6%	0.0%	21.4%	-7.3%	652	-22.5K	-191	0.00	116.60	0	0	15	10
2025-01-23	$47.23	$45.00	40.8%	11.7%	36.7%	7.7%	0.0%	19.6%	-6.6%	857	-30.1K	-187	0.00	115.63	0	0	15	10
2025-01-24	$47.57	$45.00	44.2%	12.7%	35.8%	10.2%	0.0%	15.7%	-16.6%	815	-31.3K	-188	0.00	114.46	1	0	15	10
2025-01-27	$48.76	$45.00	41.6%	11.9%	36.7%	8.2%	17.6%	12.5%	-9.5%	1.0K	-37.6K	-172	0.00	123.38	3	0	16	10
2025-01-28	$50.37	$45.00	47.4%	13.6%	37.8%	12.5%	0.0%	15.0%	-11.7%	999	-49.5K	-148	0.00	116.15	2	0	19	10
2025-01-29	$49.30	$45.00	48.9%	14.0%	37.6%	13.5%	0.0%	0.7%	-17.7%	1.5K	-50.3K	-195	0.00	129.56	2	0	21	10
2025-01-30	$49.76	$45.00	45.2%	13.0%	37.6%	10.9%	26.7%	15.0%	-12.5%	1.3K	-47.3K	-162	0.00	121.15	1	0	19	10
2025-01-31	$50.30	$45.00	40.2%	11.5%	37.6%	7.2%	27.0%	13.2%	-15.0%	1.3K	-46.3K	-159	0.00	127.33	2	0	18	10