HI Options History — August 2009

In August 2009, HI traded between $18.02 and $20.25. ATM implied volatility averaged 32.2%. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 7.5% (HV 20d: 24.7%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.01.

Notable Days

  • 2009-08-17: Highest Volume — 1,003 contracts
  • 2009-08-13: Largest IV spike — 34.7% change
  • 2009-08-11: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.39$18.02$20.25$18.02$20.02
Max Pain$17.02$15.00$17.50$15.00$17.50
ATM IV32.2%23.0%38.3%36.4%32.7%
Expected Move9.6%7.6%11.3%10.4%9.4%
HV 20d24.7%22.8%27.6%23.3%24.5%
HV 60d31.6%26.4%34.5%34.5%26.4%
Term Structure1.4%-3.5%11.3%0.6%0.9%
VWIV32.7%25.4%39.2%36.4%33.1%
Bid-Ask Spread %63.4222.66109.4664.6474.74
Gamma HHI0.510.490.540.500.51
Net GEX135.4K91.0K177.3K91.0K126.7K
Net DEX-4.6M-6.0M-2.1M-2.1M-4.1M
Net VEX-11.8K-15.0K-7.4K-13.3K-7.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.110.000.01
Total Volume160.09501,0035203
Total OI4,442.5713,0685,1654,4683,068

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-08-03$18.02$15.0036.4%10.4%23.3%0.0%36.4%0.0%0.6%91.0K-2.1M-13.3K0.0064.64N/AN/A52003,3841,084
2009-08-04$18.25$15.0038.3%11.0%23.1%0.0%0.0%0.0%-0.6%96.0K-2.4M-13.3K0.0066.01N/AN/A1003,4041,084
2009-08-05$18.35$15.0033.9%9.7%22.8%0.0%0.0%0.0%5.5%114.7K-3.1M-15.0K0.00109.46N/AN/A603,9131,084
2009-08-06$18.89$15.0026.5%7.6%23.7%0.0%0.0%0.0%11.3%115.9K-3.9M-14.6K0.0089.84N/AN/A003,9191,084
2009-08-07$19.24$17.5031.9%9.6%23.9%0.0%0.0%0.0%-0.2%117.1K-4.4M-14.2K0.0060.62N/AN/A003,9191,084
2009-08-10$18.73$17.5031.9%11.1%26.5%0.0%0.0%0.0%-2.1%119.0K-3.7M-14.4K0.0034.01N/AN/A1003,9191,084
2009-08-11$18.69$17.5032.9%11.3%25.6%0.0%0.0%0.0%-3.5%116.7K-3.6M-14.2K0.0061.66N/AN/A003,9191,084
2009-08-12$19.25$17.5023.0%9.0%26.9%0.0%30.9%0.0%0.5%124.0K-4.5M-13.5K0.0136.39N/AN/A14513,9191,084
2009-08-13$19.57$17.5031.0%8.9%26.2%0.0%30.9%0.0%0.4%131.8K-5.1M-12.7K0.0065.86N/AN/A304,0631,083
2009-08-14$19.73$17.5034.1%9.8%26.1%0.0%33.9%0.0%0.1%127.0K-5.2M-12.9K0.0039.85N/AN/A2804,0661,083
2009-08-17$19.36$17.5034.3%9.8%27.5%0.0%39.2%0.0%0.3%127.6K-4.7M-13.4K0.0064.10N/AN/A01,0034,0821,083
2009-08-18$19.27$17.5032.7%9.4%27.6%0.0%0.0%0.0%2.1%177.3K-5.0M-11.7K0.0037.19N/AN/A004,082106
2009-08-19$19.57$17.5030.8%8.8%23.2%0.0%0.0%0.0%4.2%175.8K-5.4M-11.3K0.0035.74N/AN/A004,082106
2009-08-20$19.59$17.5033.5%9.6%23.2%0.0%0.0%0.0%1.5%172.5K-5.3M-11.0K0.0038.53N/AN/A604,028103
2009-08-21$20.08$17.5032.0%9.2%24.1%0.0%0.0%0.0%1.1%162.2K-5.9M-10.2K0.0022.66N/AN/A004,002103
2009-08-24$20.09$17.5033.8%9.7%24.2%0.0%0.0%0.0%-0.6%161.7K-5.9M-9.9K0.0088.42N/AN/A603,992103
2009-08-25$20.18$17.5032.1%9.2%23.8%0.0%32.1%0.0%2.3%159.6K-6.0M-9.4K0.0089.00N/AN/A30203,986103
2009-08-26$19.91$17.5032.6%9.3%24.9%0.0%25.4%0.0%2.9%153.7K-5.5M-9.7K0.1189.06N/AN/A265303,838103
2009-08-27$20.25$17.5032.0%9.2%24.2%0.0%33.1%0.0%1.8%140.4K-5.5M-8.7K0.0189.52N/AN/A51743,643103
2009-08-28$20.12$17.5030.4%8.7%24.6%0.0%0.0%0.0%1.8%133.4K-4.6M-7.9K0.0174.58N/AN/A50033,208107
2009-08-31$20.02$17.5032.7%9.4%24.5%0.0%0.0%0.0%0.9%126.7K-4.1M-7.4K0.0074.74N/AN/A032,958110