HI Options History — April 2010

In April 2010, HI traded between $22.47 and $24.69. ATM implied volatility averaged 20.8%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 6.5% (HV 20d: 27.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 16 of 16 trading days. Term structure was in contango for 11 of 16 days. Put/call ratio averaged 0.31.

Notable Days

  • 2010-04-07: Highest Volume — 40 contracts
  • 2010-04-07: Largest IV spike — 27.2% change
  • 2010-04-30: Highest IV Rank — 49.4%
  • 2010-04-30: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.00$22.47$24.69$22.47$24.58
Max Pain$22.68$22.50$25.00$22.50$25.00
ATM IV20.8%10.7%26.6%10.7%26.6%
Expected Move6.4%5.6%7.6%6.0%7.6%
HV 20d27.2%24.0%31.6%24.0%26.7%
HV 60d23.5%21.3%24.6%21.4%24.0%
IV Rank32.7%3.7%49.4%3.7%49.4%
IV Percentile22.8%0.9%40.4%0.9%40.4%
Term Structure0.3%-1.7%1.5%1.2%-0.8%
VWIV22.3%19.5%24.6%19.5%24.4%
Skew 25d3.4%1.6%5.2%1.6%5.2%
Skew 10d0.7%-1.5%2.9%-1.5%2.9%
Call IV 25d21.5%21.1%21.8%21.8%21.1%
Put IV 25d24.9%23.4%26.3%23.4%26.3%
Bid-Ask Spread %57.4137.5384.6381.5947.95
Gamma HHI0.530.440.860.840.55
Net GEX23.8K16.6K45.0K45.0K23.7K
Net DEX-666.3K-835.5K-488.3K-488.3K-835.5K
Net VEX-1.3K-2.0K-1.1K-1.5K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.001.860.000.00
Total Volume14.93804004
Total OI644.313481753737647

Daily Data (16 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-05$22.47$0.0010.7%6.0%24.0%3.7%0.0%0.0%1.2%45.0K-488.3K-1.5K0.0081.59N/AN/A00442295
2010-04-06$22.64$0.0011.1%5.6%24.0%4.7%19.5%0.0%1.5%42.8K-533.7K-1.5K0.0084.63N/AN/A350442295
2010-04-07$24.07$22.5014.1%5.8%30.1%13.4%21.2%0.0%0.2%24.2K-782.3K-1.1K1.8661.58N/AN/A1426455295
2010-04-08$23.73$22.5017.3%6.6%31.6%22.9%23.0%0.0%0.6%21.7K-732.3K-1.3K0.4543.72N/AN/A115455295
2010-04-09$23.69$22.5019.1%6.6%31.1%28.0%20.7%0.0%0.9%23.0K-732.2K-1.3K0.0045.03N/AN/A120468285
2010-04-12$23.81$22.5022.9%5.9%30.0%38.8%0.0%0.0%1.1%21.9K-728.6K-1.2K0.0048.67N/AN/A40460285
2010-04-13$24.02$22.5021.2%6.3%30.0%34.1%0.0%0.0%-0.1%23.6K-763.3K-1.2K0.0051.50N/AN/A250464285
2010-04-14$24.15$22.5025.4%6.0%28.2%45.9%20.7%0.0%1.1%26.3K-730.8K-1.1K0.0050.84N/AN/A010445285
2010-04-15$23.98$22.5023.5%6.7%28.2%40.6%23.7%0.0%-0.9%20.8K-686.7K-1.3K0.0037.53N/AN/A370445295
2010-04-19$24.45$22.5022.7%6.5%25.8%38.2%0.0%0.0%0.6%16.8K-586.7K-1.2K0.0055.35N/AN/A00334147
2010-04-20$24.61$22.5023.6%6.8%25.0%40.8%0.0%0.0%0.5%16.6K-606.1K-1.2K0.0057.02N/AN/A20334147
2010-04-21$24.69$22.5022.4%6.4%24.9%37.6%22.5%0.0%0.7%16.8K-624.7K-1.1K0.1157.93N/AN/A192336147
2010-04-22$24.55$22.5022.5%6.5%25.0%37.8%22.5%0.0%1.0%18.2K-622.4K-1.2K0.2956.49N/AN/A175351149
2010-04-23$24.53$22.5024.6%7.1%25.0%43.8%24.6%0.0%-1.7%19.8K-633.0K-1.3K1.0058.87N/AN/A11363150
2010-04-27$24.10$22.5024.4%7.0%26.3%43.2%24.4%1.6%-1.3%20.3K-574.8K-1.3K0.0079.86N/AN/A09362151
2010-04-30$24.58$25.0026.6%7.6%26.7%49.4%0.0%5.2%-0.8%23.7K-835.5K-2.0K0.0047.95N/AN/A40487160