HI Options History — May 2010

In May 2010, HI traded between $23.34 and $25.77. ATM implied volatility averaged 29.7%, placing in the 58.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 6.4% (HV 20d: 36.1%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 10 of 14 days. Put/call ratio averaged 0.51.

Notable Days

  • 2010-05-05: Highest Volume — 166 contracts
  • 2010-05-20: Largest IV spike — 33.1% change
  • 2010-05-20: Highest IV Rank — 77.6%
  • 2010-05-20: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.46$23.34$25.77$23.52$24.29
Max Pain$23.04$22.50$25.00$25.00$22.50
ATM IV29.7%24.2%36.4%34.3%29.5%
Expected Move8.5%7.0%10.4%9.8%8.5%
HV 20d36.1%31.9%37.9%31.9%37.4%
HV 60d28.6%25.9%29.6%25.9%29.4%
IV Rank58.4%42.5%77.6%71.7%57.9%
IV Percentile56.4%31.5%86.1%80.1%55.0%
Term Structure0.5%-1.5%2.0%-1.4%1.7%
VWIV27.2%18.3%34.0%34.0%31.3%
Skew 25d7.0%3.2%9.0%4.2%8.1%
Skew 10d8.0%-2.3%15.4%8.0%14.8%
Call IV 25d25.2%19.3%34.1%24.8%26.8%
Put IV 25d32.2%27.5%39.1%29.0%34.9%
Bid-Ask Spread %44.7927.1665.8542.7140.74
Gamma HHI0.600.470.780.550.76
Net GEX41.3K25.0K59.8K25.0K33.5K
Net DEX-1.2M-1.8M-679.4K-679.4K-1.1M
Net VEX-2.9K-3.4K-2.1K-2.1K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.002.200.571.67
Total Volume34.857016616632
Total OI945.5716591,060659925

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-05-05$23.52$25.0034.3%9.8%31.9%71.7%34.0%4.2%-1.4%25.0K-679.4K-2.1K0.5742.71N/AN/A10660497162
2010-05-11$24.88$25.0028.1%8.0%36.9%53.7%0.0%6.6%-0.5%40.7K-1.2M-2.8K0.0037.26N/AN/A30703206
2010-05-12$25.44$25.0024.2%7.0%37.2%42.5%18.3%7.4%0.4%44.6K-1.4M-2.6K0.0056.66N/AN/A360706206
2010-05-13$25.44$22.5025.4%7.3%37.1%46.0%27.4%8.4%1.5%41.4K-1.4M-2.6K0.0055.83N/AN/A1210720206
2010-05-14$25.30$22.5026.0%7.5%36.9%47.8%0.0%8.5%0.7%56.6K-1.6M-2.9K0.0065.85N/AN/A00838206
2010-05-17$25.77$22.5024.7%7.1%37.2%44.0%24.7%9.0%2.0%48.1K-1.8M-2.5K0.0758.17N/AN/A151838206
2010-05-18$25.17$22.5026.9%7.7%32.5%50.3%0.0%6.8%0.4%57.2K-1.6M-2.8K2.2056.97N/AN/A511833207
2010-05-19$24.57$22.5027.3%7.8%33.4%51.6%27.7%6.1%1.4%59.8K-1.3M-3.1K0.8345.90N/AN/A65838217
2010-05-20$23.57$22.5036.4%10.4%36.7%77.6%0.0%8.0%-1.5%34.4K-1.0M-3.4K0.0031.21N/AN/A480838222
2010-05-24$23.60$22.5035.4%10.2%36.7%74.9%31.3%3.2%-0.2%34.0K-1.0M-3.1K1.2727.16N/AN/A1114739167
2010-05-25$23.34$22.5035.4%10.1%36.7%74.8%0.0%6.5%0.3%33.9K-921.3K-3.2K0.0037.07N/AN/A30745173
2010-05-26$23.45$22.5033.4%9.6%36.7%69.0%0.0%7.1%0.8%34.9K-960.6K-3.1K0.0032.27N/AN/A100742173
2010-05-27$24.08$22.5028.9%8.3%37.9%56.1%0.0%8.0%1.4%34.3K-1.1M-3.1K0.0039.28N/AN/A10752173
2010-05-28$24.29$22.5029.5%8.5%37.4%57.9%0.0%8.1%1.7%33.5K-1.1M-3.0K1.6740.74N/AN/A1220752173