HI Options History — November 2009

In November 2009, HI traded between $18.25 and $20.43. ATM implied volatility averaged 27.7%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 1.6% (HV 20d: 26.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.72.

Notable Days

2009-11-24: Highest Volume — 141 contracts
2009-11-27: Largest IV spike — 74.1% change
2009-11-23: Highest IV Rank — 57.0%
2009-11-23: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.72	$18.25	$20.43	$20.03	$18.30
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	27.7%	15.7%	31.8%	28.6%	28.7%
Expected Move	8.1%	4.5%	9.1%	8.2%	8.2%
HV 20d	26.0%	20.3%	35.1%	20.3%	35.1%
HV 60d	20.3%	18.7%	24.9%	19.6%	24.9%
IV Rank	42.9%	1.2%	57.0%	46.1%	46.4%
IV Percentile	23.5%	1.3%	48.0%	23.0%	26.6%
Term Structure	-0.9%	-5.1%	7.1%	2.4%	-2.7%
VWIV	25.5%	19.8%	31.7%	29.0%	21.5%
Skew 25d	9.8%	2.5%	15.9%	5.8%	8.4%
Skew 10d	10.5%	3.5%	14.9%	6.6%	8.6%
Call IV 25d	19.7%	16.0%	24.9%	24.9%	17.6%
Put IV 25d	29.5%	25.7%	32.0%	30.7%	26.1%
Bid-Ask Spread %	78.29	38.14	107.15	87.97	38.14
Gamma HHI	0.76	0.70	0.91	0.72	0.91
Net GEX	100.5K	65.8K	118.2K	99.3K	69.2K
Net DEX	-1.4M	-1.9M	-344.8K	-1.6M	-344.8K
Net VEX	-5.3K	-6.3K	-2.9K	-6.3K	-2.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.00	2.31	0.00	0.25
Total Volume	16.85	0	141	0	1
Total OI	1,920.9	1,897	2,059	1,898	2,001

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2009-11-02	$20.03	$20.00	28.6%	8.2%	20.3%	46.1%	0.0%	5.8%	2.4%	99.3K	-1.6M	-6.3K	0.00	87.97	N/A	N/A	0	0	1,831	67
2009-11-03	$19.45	$20.00	29.5%	8.5%	22.2%	49.3%	0.0%	8.7%	0.3%	91.5K	-1.2M	-5.9K	0.00	69.01	N/A	N/A	0	0	1,831	67
2009-11-04	$19.63	$20.00	28.0%	8.0%	22.5%	43.9%	0.0%	10.2%	2.2%	95.2K	-1.4M	-5.9K	0.00	68.28	N/A	N/A	0	0	1,831	67
2009-11-05	$19.85	$20.00	28.0%	8.0%	23.0%	44.1%	0.0%	11.8%	1.3%	98.9K	-1.5M	-6.0K	0.00	68.40	N/A	N/A	0	0	1,831	67
2009-11-06	$20.19	$0.00	25.7%	8.6%	23.7%	36.1%	0.0%	12.0%	-2.3%	105.2K	-1.7M	-6.1K	0.00	72.23	N/A	N/A	0	0	1,831	67
2009-11-09	$20.09	$0.00	27.4%	8.9%	22.8%	42.0%	0.0%	11.3%	-2.8%	103.6K	-1.6M	-6.0K	0.00	81.79	N/A	N/A	5	0	1,831	67
2009-11-10	$20.36	$0.00	28.7%	8.7%	23.4%	46.6%	0.0%	15.9%	-2.0%	105.4K	-1.8M	-6.1K	0.50	71.08	N/A	N/A	2	1	1,831	67
2009-11-11	$20.43	$0.00	25.9%	8.4%	23.5%	36.7%	0.0%	8.1%	-1.1%	107.1K	-1.9M	-6.0K	0.00	82.90	N/A	N/A	0	0	1,833	68
2009-11-12	$19.89	$0.00	30.2%	8.7%	25.1%	51.7%	0.0%	10.2%	-2.4%	103.9K	-1.5M	-5.7K	0.00	82.65	N/A	N/A	0	0	1,833	68
2009-11-13	$19.90	$0.00	30.5%	8.7%	25.0%	52.7%	0.0%	11.2%	-3.0%	105.5K	-1.5M	-5.6K	0.00	82.86	N/A	N/A	0	0	1,833	68
2009-11-16	$20.06	$0.00	30.0%	8.6%	24.9%	50.9%	0.0%	12.0%	-2.5%	110.2K	-1.6M	-5.6K	0.00	83.25	N/A	N/A	0	4	1,833	68
2009-11-17	$20.41	$0.00	30.1%	8.6%	25.8%	51.2%	0.0%	13.1%	-2.7%	113.8K	-1.8M	-5.7K	0.00	83.46	N/A	N/A	0	0	1,833	72
2009-11-18	$20.17	$0.00	29.2%	8.4%	26.0%	48.3%	0.0%	11.2%	-1.3%	111.2K	-1.7M	-5.6K	0.00	82.58	N/A	N/A	0	1	1,833	72
2009-11-19	$19.84	$0.00	29.0%	8.3%	25.4%	47.4%	29.0%	9.7%	-1.8%	108.6K	-1.5M	-5.3K	0.00	84.67	N/A	N/A	0	15	1,833	73
2009-11-20	$20.13	$20.00	27.5%	7.9%	25.5%	42.4%	0.0%	9.9%	-1.5%	117.4K	-1.6M	-5.5K	0.00	85.08	N/A	N/A	0	0	1,833	88
2009-11-23	$19.95	$20.00	31.8%	9.1%	23.9%	57.0%	31.7%	9.5%	-5.1%	118.2K	-1.4M	-5.2K	2.31	93.90	N/A	N/A	13	30	1,831	66
2009-11-24	$18.57	$20.00	22.0%	6.3%	34.0%	23.1%	19.8%	2.5%	7.1%	83.4K	-551.1K	-3.3K	0.53	98.73	N/A	N/A	92	49	1,844	95
2009-11-25	$18.83	$20.00	15.7%	4.5%	33.7%	1.2%	0.0%	6.7%	1.0%	96.0K	-870.8K	-4.2K	0.25	107.15	N/A	N/A	85	21	1,924	135
2009-11-27	$18.25	$20.00	27.3%	7.8%	35.0%	41.5%	21.5%	7.9%	-0.3%	65.8K	-353.2K	-3.1K	0.00	41.63	N/A	N/A	0	18	1,849	146
2009-11-30	$18.30	$20.00	28.7%	8.2%	35.1%	46.4%	0.0%	8.4%	-2.7%	69.2K	-344.8K	-2.9K	0.00	38.14	N/A	N/A	0	1	1,849	152