HBCP Options History — December 2025

In December 2025, HBCP traded between $55.80 and $61.60. ATM implied volatility averaged 44.0%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 16.8% (HV 20d: 27.2%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.29.

Notable Days

2025-12-09: Highest Volume — 5 contracts
2025-12-10: Largest IV drop — 46.9% change
2025-12-09: Highest IV Rank — 34.4%
2025-12-03: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.90	$55.80	$61.60	$55.80	$58.07
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	44.0%	32.2%	64.0%	48.8%	48.6%
Expected Move	11.4%	9.2%	14.5%	14.0%	13.9%
HV 20d	27.2%	22.0%	32.9%	30.3%	22.2%
HV 60d	28.7%	28.3%	29.6%	28.4%	28.6%
IV Rank	17.7%	7.9%	34.4%	21.7%	21.6%
IV Percentile	50.0%	13.1%	89.7%	71.4%	71.8%
Term Structure	-9.5%	-25.0%	5.7%	-16.4%	-25.0%
VWIV	36.5%	33.4%	39.5%	39.5%	36.4%
Skew 25d	4.2%	-2.0%	17.5%	1.7%	1.6%
Skew 10d	7.2%	-7.8%	24.8%	8.8%	5.0%
Call IV 25d	50.0%	25.1%	70.7%	68.7%	70.5%
Put IV 25d	54.1%	29.4%	72.6%	70.3%	72.0%
Bid-Ask Spread %	124.71	120.52	127.13	126.31	127.13
Gamma HHI	0.40	0.25	0.67	0.65	0.37
Net GEX	-1.7K	-3.0K	-625	-2.3K	-2.5K
Net DEX	-47.3K	-97.8K	1.0K	1.0K	-23.9K
Net VEX	-630	-667	-571	-639	-657
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.00	1.00	0.00	1.00
Total Volume	0.909	0	5	0	0
Total OI	97.545	89	105	89	98

Daily Data (22 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
2025-12-01	$55.80	$50.00	48.8%	14.0%	30.3%	21.7%	0.0%	1.7%	-16.4%	-2.3K	1.0K	-639	0.00	126.31	0	0	21	68
2025-12-02	$56.45	$50.00	49.7%	14.2%	30.0%	22.5%	0.0%	1.9%	-15.9%	-2.4K	-3.8K	-628	0.00	125.43	2	0	21	68
2025-12-03	$57.32	$50.00	50.7%	14.5%	30.3%	23.3%	39.5%	1.9%	5.7%	-2.2K	-14.9K	-647	0.00	123.57	3	0	23	68
2025-12-04	$56.88	$50.00	52.9%	10.6%	30.2%	25.2%	0.0%	11.3%	-6.1%	-1.8K	-22.0K	-650	0.00	123.06	0	0	24	68
2025-12-05	$56.67	$50.00	55.1%	9.7%	29.9%	26.9%	0.0%	12.5%	-0.3%	-1.8K	-20.8K	-649	0.00	124.35	0	0	24	68
2025-12-08	$56.58	$50.00	61.6%	10.4%	29.3%	32.4%	0.0%	17.5%	-3.6%	-1.9K	-16.8K	-649	0.00	124.99	0	0	24	68
2025-12-09	$57.38	$50.00	64.0%	10.4%	29.7%	34.4%	0.0%	12.7%	-1.6%	-1.7K	-27.5K	-629	0.00	120.52	0	5	24	68
2025-12-10	$59.88	$50.00	34.0%	9.7%	32.9%	9.4%	33.4%	1.6%	-4.3%	-2.0K	-46.1K	-645	0.00	123.85	4	0	24	73
2025-12-11	$60.42	$50.00	32.2%	9.2%	32.8%	7.9%	0.0%	4.3%	-3.6%	-1.5K	-66.9K	-637	1.00	125.09	1	1	28	73
2025-12-12	$60.94	$50.00	32.9%	9.4%	32.6%	8.5%	0.0%	-2.0%	-5.1%	-1.3K	-75.9K	-629	0.00	124.47	0	0	29	74
2025-12-15	$60.43	$50.00	36.6%	10.5%	32.9%	11.6%	0.0%	1.4%	-9.6%	-1.1K	-78.7K	-633	0.00	123.56	1	0	29	74
2025-12-16	$60.89	$50.00	34.9%	10.0%	23.9%	10.2%	0.0%	11.5%	-5.0%	-774	-80.1K	-655	0.00	125.91	1	0	30	74
2025-12-17	$60.76	$50.00	35.0%	10.0%	24.1%	10.3%	0.0%	0.8%	-3.0%	-1.3K	-77.7K	-667	0.00	125.36	0	0	31	74
2025-12-18	$61.60	$50.00	35.1%	10.1%	24.2%	10.3%	0.0%	7.5%	-4.6%	-625	-97.8K	-594	0.00	123.86	0	0	31	74
2025-12-19	$60.33	$50.00	37.6%	10.8%	26.0%	12.4%	36.4%	0.8%	-7.6%	-924	-87.4K	-612	1.00	121.09	1	1	31	74
2025-12-22	$59.43	$50.00	39.9%	11.4%	24.7%	14.3%	0.0%	0.7%	-9.0%	-1.6K	-49.3K	-649	0.00	124.56	0	0	26	72
2025-12-23	$59.28	$50.00	41.0%	11.7%	23.8%	15.2%	0.0%	0.5%	-15.8%	-1.0K	-61.1K	-582	0.00	125.81	0	0	26	72
2025-12-24	$59.76	$50.00	40.0%	11.5%	22.0%	14.4%	0.0%	1.0%	-13.8%	-2.1K	-52.8K	-608	0.00	125.97	0	0	26	72
2025-12-26	$59.33	$50.00	42.0%	12.0%	22.0%	16.1%	0.0%	0.9%	-16.3%	-2.1K	-43.1K	-643	0.00	125.57	0	0	26	72
2025-12-29	$59.02	$50.00	47.8%	13.7%	22.0%	20.9%	0.0%	0.7%	-25.0%	-3.0K	-47.2K	-571	0.00	126.74	0	0	26	72
2025-12-30	$58.55	$50.00	46.8%	13.4%	22.1%	20.0%	0.0%	1.3%	-22.5%	-1.4K	-49.0K	-589	0.00	126.36	0	0	26	72
2025-12-31	$58.07	$50.00	48.6%	13.9%	22.2%	21.6%	0.0%	1.6%	-25.0%	-2.5K	-23.9K	-657	0.00	127.13	0	0	26	72