HBCP Options History — May 2025

In May 2025, HBCP traded between $48.98 and $51.66. ATM implied volatility averaged 54.2%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 17.0% (HV 20d: 37.3%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-01: Highest Volume — 2 contracts
2025-05-14: Largest IV drop — 69.9% change
2025-05-13: Highest IV Rank — 56.5%
2025-05-01: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.52	$48.98	$51.66	$50.23	$50.89
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	54.2%	31.4%	104.4%	59.4%	37.3%
Expected Move	11.2%	9.0%	17.0%	17.0%	10.7%
HV 20d	37.3%	20.0%	59.4%	59.4%	21.5%
HV 60d	37.4%	37.0%	37.9%	37.2%	37.9%
IV Rank	21.8%	6.0%	56.5%	25.4%	10.1%
IV Percentile	46.1%	7.1%	96.8%	78.2%	13.5%
Term Structure	-6.5%	-22.1%	7.6%	-22.1%	-9.7%
Skew 25d	-0.0%	-9.9%	8.6%	1.2%	4.4%
Skew 10d	6.0%	-26.0%	51.6%	9.4%	-5.0%
Call IV 25d	47.4%	34.5%	84.5%	84.5%	40.8%
Put IV 25d	47.3%	30.5%	85.6%	85.6%	45.2%
Bid-Ask Spread %	125.27	121.73	128.54	128.54	124.51
Gamma HHI	0.20	0.17	0.27	0.21	0.18
Net GEX	-124	-341	102	-30	-149
Net DEX	-1.2K	-6.9K	4.7K	-3.1K	765
Net VEX	-111	-127	-96	-107	-99
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.143	0	2	2	0
Total OI	24.381	23	25	23	24

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-05-01	$50.23	$45.00	59.4%	17.0%	59.4%	25.4%	0.0%	1.2%	-22.1%	-30	-3.1K	-107	128.54	0	2	10	13
2025-05-02	$50.91	$45.00	45.3%	13.0%	54.6%	15.6%	0.0%	-9.2%	-14.4%	26	-5.2K	-124	126.23	0	0	10	15
2025-05-05	$49.94	$0.00	69.5%	10.3%	55.0%	32.4%	0.0%	1.1%	-2.3%	15	-4.5K	-118	126.03	0	0	10	15
2025-05-06	$49.58	$0.00	73.0%	11.0%	54.9%	34.8%	0.0%	8.6%	-7.7%	-251	-884	-114	124.78	0	0	10	15
2025-05-07	$50.38	$0.00	76.4%	10.8%	54.3%	37.1%	0.0%	-9.3%	-12.8%	-84	-3.6K	-118	126.25	0	0	10	15
2025-05-08	$50.74	$0.00	81.4%	11.1%	48.2%	40.6%	0.0%	1.6%	1.1%	-97	-3.9K	-122	127.19	0	0	10	15
2025-05-09	$50.73	$0.00	71.7%	9.2%	40.8%	33.9%	0.0%	0.5%	2.1%	-1	-4.8K	-117	123.19	0	0	10	15
2025-05-12	$51.49	$0.00	89.6%	9.1%	40.9%	46.3%	0.0%	-0.7%	7.6%	-277	-6.9K	-112	122.38	0	0	10	15
2025-05-13	$51.66	$0.00	104.4%	9.3%	40.9%	56.5%	0.0%	0.3%	-5.9%	102	-6.8K	-116	124.00	0	0	10	15
2025-05-14	$51.03	$0.00	31.4%	9.0%	41.7%	6.0%	0.0%	0.8%	-2.9%	78	-6.2K	-96	123.40	1	0	10	15
2025-05-15	$51.43	$0.00	33.6%	9.6%	41.6%	7.6%	0.0%	-9.9%	-4.3%	24	-1.9K	-103	121.73	0	0	9	15
2025-05-16	$51.25	$0.00	38.2%	10.9%	41.8%	10.7%	0.0%	7.4%	6.3%	-73	251	-127	121.88	0	0	9	15
2025-05-19	$50.98	$0.00	40.6%	11.6%	42.0%	12.4%	0.0%	2.7%	-6.5%	-101	51	-102	127.52	0	0	9	15
2025-05-20	$50.20	$0.00	43.1%	12.4%	20.9%	14.1%	0.0%	2.4%	-7.7%	-233	2.8K	-114	125.90	0	0	9	15
2025-05-21	$49.38	$0.00	34.7%	10.0%	20.0%	8.3%	0.0%	-3.4%	-0.5%	-341	4.7K	-116	128.28	0	0	9	15
2025-05-22	$49.73	$0.00	41.9%	12.0%	20.0%	13.3%	0.0%	-0.2%	-14.2%	-289	3.3K	-105	126.01	0	0	9	15
2025-05-23	$48.98	$0.00	39.3%	11.3%	20.5%	11.5%	0.0%	-3.6%	-8.6%	-281	3.1K	-101	124.62	0	0	9	15
2025-05-27	$50.22	$0.00	44.9%	12.9%	22.4%	15.4%	0.0%	7.0%	-8.6%	-254	3.0K	-112	127.74	0	0	9	15
2025-05-28	$50.99	$0.00	39.9%	11.4%	20.3%	11.9%	0.0%	4.6%	-7.5%	-122	816	-96	125.27	0	0	9	15
2025-05-29	$50.17	$0.00	43.0%	12.3%	21.0%	14.1%	0.0%	-7.1%	-17.1%	-256	3.1K	-109	125.30	0	0	9	15
2025-05-30	$50.89	$0.00	37.3%	10.7%	21.5%	10.1%	0.0%	4.4%	-9.7%	-149	765	-99	124.51	0	0	9	15