HI Options History — February 2010

In February 2010, HI traded between $18.30 and $20.19. ATM implied volatility averaged 19.7%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 1.9% (HV 20d: 17.7%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 5 of 13 trading days. Term structure was in contango for 8 of 13 days. Put/call ratio averaged 0.17.

Notable Days

2010-02-10: Highest Volume — 148 contracts
2010-02-02: Largest IV drop — 27.8% change
2010-02-01: Highest IV Rank — 35.9%
2010-02-01: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.00	$18.30	$20.19	$18.30	$20.05
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	19.7%	17.1%	24.3%	24.3%	18.9%
Expected Move	5.7%	4.0%	7.0%	7.0%	5.4%
HV 20d	17.7%	12.7%	20.2%	19.6%	19.4%
HV 60d	25.0%	24.2%	26.0%	25.2%	25.8%
IV Rank	20.9%	12.8%	35.9%	35.9%	18.4%
IV Percentile	13.0%	6.5%	20.4%	20.4%	12.5%
Term Structure	2.3%	-2.6%	9.5%	1.6%	0.9%
VWIV	21.2%	19.9%	22.9%	20.3%	19.9%
Bid-Ask Spread %	53.47	12.93	96.37	44.28	61.78
Gamma HHI	0.42	0.33	0.54	0.46	0.35
Net GEX	804	-5.8K	15.2K	-3.7K	12.3K
Net DEX	32.7K	-205.5K	141.2K	138.9K	-158.7K
Net VEX	-2.1K	-2.5K	-1.8K	-2.0K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	1.25	0.00	0.00
Total Volume	26	0	148	10	5
Total OI	769.692	680	863	728	863

Daily Data (13 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
2010-02-01	$18.30	$17.50	24.3%	7.0%	19.6%	35.9%	0.0%	0.0%	1.6%	-3.7K	138.9K	-2.0K	0.00	44.28	N/A	N/A	0	10	420	308
2010-02-02	$18.42	$17.50	17.5%	5.0%	19.5%	14.1%	20.3%	0.0%	9.5%	-4.5K	135.7K	-2.1K	0.00	61.29	N/A	N/A	0	4	420	318
2010-02-03	$18.56	$17.50	17.5%	5.0%	19.7%	13.9%	0.0%	0.0%	5.5%	-3.7K	111.4K	-2.1K	0.00	14.38	N/A	N/A	7	0	420	318
2010-02-04	$18.54	$17.50	22.2%	6.4%	19.6%	29.2%	0.0%	0.0%	-2.6%	-2.7K	89.0K	-2.1K	0.02	12.93	N/A	N/A	107	2	427	318
2010-02-05	$18.50	$17.50	17.1%	6.9%	19.6%	12.8%	0.0%	0.0%	-0.3%	-5.8K	141.2K	-1.8K	0.00	63.14	N/A	N/A	15	0	364	316
2010-02-08	$18.60	$17.50	20.1%	6.4%	18.6%	22.2%	0.0%	0.0%	0.9%	-5.2K	118.4K	-1.9K	0.00	96.37	N/A	N/A	0	0	389	316
2010-02-09	$18.77	$17.50	18.7%	4.0%	12.7%	18.0%	0.0%	0.0%	6.8%	-4.2K	95.0K	-1.9K	0.00	88.14	N/A	N/A	0	0	389	316
2010-02-10	$18.94	$17.50	18.3%	5.2%	12.9%	16.7%	0.0%	0.0%	9.5%	-3.2K	77.9K	-1.9K	0.08	74.90	N/A	N/A	137	11	389	316
2010-02-12	$19.50	$17.50	20.5%	5.9%	16.3%	23.7%	0.0%	0.0%	0.9%	6.4K	-57.9K	-2.5K	0.00	68.65	N/A	N/A	0	0	519	327
2010-02-16	$19.25	$17.50	21.5%	6.2%	16.6%	27.0%	21.6%	0.0%	-0.4%	3.2K	-11.0K	-2.3K	0.00	31.21	N/A	N/A	10	0	519	327
2010-02-18	$19.43	$17.50	19.1%	5.5%	15.9%	19.2%	22.9%	0.0%	-1.2%	6.3K	-48.7K	-2.3K	0.00	17.73	N/A	N/A	21	0	524	327
2010-02-25	$20.19	$17.50	19.8%	5.7%	20.2%	21.2%	19.9%	0.0%	-1.7%	15.2K	-205.5K	-2.3K	1.25	60.33	N/A	N/A	4	5	530	326
2010-02-26	$20.05	$17.50	18.9%	5.4%	19.4%	18.4%	0.0%	0.0%	0.9%	12.3K	-158.7K	-2.3K	0.00	61.78	N/A	N/A	5	0	532	331