HBCP Options History — November 2025

In November 2025, HBCP traded between $52.02 and $56.41. ATM implied volatility averaged 46.2%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 15.9% (HV 20d: 30.3%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.10.

Notable Days

2025-11-21: Highest Volume — 7 contracts
2025-11-12: Largest IV drop — 46.3% change
2025-11-11: Highest IV Rank — 36.3%
2025-11-05: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.11	$52.02	$56.41	$52.73	$56.10
Max Pain	$46.84	$45.00	$50.00	$50.00	$50.00
ATM IV	46.2%	35.4%	66.3%	50.0%	45.3%
Expected Move	11.8%	9.7%	15.1%	14.3%	13.0%
HV 20d	30.3%	24.4%	33.9%	33.3%	30.3%
HV 60d	26.7%	25.7%	28.5%	27.0%	28.4%
IV Rank	19.6%	10.6%	36.3%	22.7%	18.8%
IV Percentile	54.2%	18.3%	89.7%	73.8%	59.5%
Term Structure	-9.1%	-25.0%	2.8%	-25.0%	-10.4%
VWIV	41.5%	37.6%	45.4%	37.6%	45.4%
Skew 25d	2.9%	-4.4%	20.9%	1.9%	1.4%
Skew 10d	27.7%	5.3%	52.5%	5.3%	7.5%
Call IV 25d	55.7%	30.2%	75.0%	73.4%	63.7%
Put IV 25d	58.5%	43.1%	80.2%	75.3%	65.1%
Bid-Ask Spread %	124.05	120.59	126.10	125.86	125.95
Gamma HHI	0.52	0.44	0.71	0.50	0.71
Net GEX	-2.3K	-2.5K	-2.1K	-2.4K	-2.5K
Net DEX	22.8K	-1.8K	39.0K	39.0K	703
Net VEX	-690	-724	-639	-721	-639
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.40	0.00	0.40
Total Volume	0.579	0	7	0	0
Total OI	88.895	88	90	88	89

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 Vol	Put Vol	Call OI	Put OI
2025-11-03	$52.73	$50.00	50.0%	14.3%	33.3%	22.7%	0.0%	1.9%	-25.0%	-2.4K	39.0K	-721	0.00	125.86	0	0	19	69
2025-11-04	$53.02	$50.00	51.6%	14.8%	33.4%	24.0%	0.0%	1.8%	-20.1%	-2.3K	37.9K	-724	0.00	126.10	0	0	19	69
2025-11-05	$53.83	$50.00	52.7%	15.1%	33.9%	25.0%	0.0%	5.5%	-21.4%	-2.3K	34.2K	-717	0.00	124.66	0	0	19	69
2025-11-06	$53.25	$45.00	54.9%	9.8%	32.7%	26.8%	0.0%	3.9%	-5.7%	-2.4K	36.7K	-722	0.00	123.88	0	0	19	69
2025-11-07	$54.28	$45.00	54.4%	10.7%	32.9%	26.4%	0.0%	4.3%	-5.2%	-2.4K	31.0K	-702	0.00	121.25	0	0	19	69
2025-11-10	$54.45	$45.00	63.3%	9.7%	32.8%	33.8%	0.0%	1.2%	-0.4%	-2.4K	24.5K	-705	0.00	123.66	1	0	19	69
2025-11-11	$54.69	$45.00	66.3%	10.1%	31.8%	36.3%	0.0%	-4.4%	-9.2%	-2.4K	17.2K	-701	0.00	125.10	0	0	20	69
2025-11-12	$54.60	$45.00	35.6%	10.2%	31.4%	10.8%	0.0%	1.4%	-4.3%	-2.3K	12.7K	-687	0.00	124.14	1	0	20	69
2025-11-13	$54.31	$45.00	35.4%	10.2%	24.4%	10.6%	0.0%	3.6%	-4.9%	-2.3K	14.1K	-690	0.00	125.21	0	0	20	69
2025-11-14	$55.00	$45.00	37.7%	10.8%	24.4%	12.5%	37.6%	20.9%	-8.6%	-2.2K	22.8K	-698	0.00	124.57	1	0	20	69
2025-11-17	$52.02	$45.00	44.3%	12.7%	29.9%	18.0%	0.0%	0.1%	2.8%	-2.1K	35.1K	-696	0.00	121.29	0	0	21	69
2025-11-18	$52.75	$45.00	38.2%	10.9%	27.6%	12.9%	0.0%	2.0%	-9.9%	-2.2K	34.7K	-693	0.00	123.90	0	0	21	69
2025-11-19	$53.10	$45.00	38.9%	11.1%	27.7%	13.5%	0.0%	2.1%	-12.1%	-2.2K	29.9K	-686	0.00	120.59	0	0	21	69
2025-11-20	$52.98	$45.00	40.3%	11.6%	27.7%	14.6%	0.0%	0.9%	-6.1%	-2.2K	28.7K	-689	0.00	121.60	0	1	21	69
2025-11-21	$54.88	$45.00	40.8%	11.7%	30.2%	15.1%	45.4%	2.6%	-3.9%	-2.5K	11.7K	-652	0.40	123.09	5	2	21	68
2025-11-24	$54.07	$50.00	42.1%	12.1%	30.1%	16.2%	0.0%	1.7%	-13.5%	-2.1K	19.1K	-679	0.00	125.10	0	0	21	68
2025-11-25	$55.71	$50.00	42.8%	12.3%	30.8%	16.7%	0.0%	1.8%	-5.7%	-2.2K	4.1K	-662	0.00	125.03	0	0	21	68
2025-11-26	$56.41	$50.00	42.7%	12.3%	30.5%	16.7%	0.0%	1.9%	-8.5%	-2.2K	-1.8K	-653	0.00	126.04	0	0	21	68
2025-11-28	$56.10	$50.00	45.3%	13.0%	30.3%	18.8%	0.0%	1.4%	-10.4%	-2.5K	703	-639	0.00	125.95	0	0	21	68