HI Options History — February 2011

In February 2011, HI traded between $21.31 and $22.25. ATM implied volatility averaged 20.2%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.3% (HV 20d: 19.8%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 2.02.

Notable Days

  • 2011-02-11: Highest Volume — 109 contracts
  • 2011-02-10: Largest IV spike — 55.9% change
  • 2011-02-01: Highest IV Rank — 52.0%
  • 2011-02-01: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.80$21.31$22.25$21.82$21.75
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV20.2%12.6%24.3%24.3%17.8%
Expected Move6.3%4.8%7.0%7.0%5.1%
HV 20d19.8%14.8%26.2%26.2%19.1%
HV 60d20.6%19.8%23.2%23.0%20.3%
IV Rank37.5%11.2%52.0%52.0%29.2%
IV Percentile30.5%2.8%51.6%51.6%13.1%
Term Structure0.5%-2.1%3.9%-0.1%2.0%
VWIV21.7%13.4%24.3%24.3%23.7%
Skew 25d1.2%-5.1%6.7%5.9%-1.6%
Skew 10d2.4%-5.5%9.1%8.1%-4.7%
Call IV 25d22.4%21.2%23.6%22.2%21.4%
Put IV 25d23.6%17.6%29.5%28.0%19.8%
Bid-Ask Spread %77.6122.15105.5022.15105.50
Gamma HHI0.590.440.830.440.82
Net GEX32.2K25.9K38.9K29.9K25.9K
Net DEX-809.6K-1.0M-595.7K-951.2K-758.2K
Net VEX-4.5K-4.8K-4.2K-4.7K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.009.901.040.00
Total Volume31.3681109479
Total OI1,637.7891,3941,8301,5841,451

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$21.82$22.5024.3%7.0%26.2%52.0%24.3%5.9%-0.1%29.9K-951.2K-4.7K1.0422.15N/AN/A23241,031553
2011-02-02$21.96$22.5023.6%6.8%26.1%49.4%0.0%5.7%0.2%33.6K-1.0M-4.8K0.6527.00N/AN/A17111,041575
2011-02-03$21.67$22.5016.7%4.8%26.1%25.4%13.4%2.3%3.9%33.6K-856.7K-4.8K4.9232.97N/AN/A13641,044586
2011-02-04$21.64$22.5012.6%6.5%20.4%11.2%0.0%2.5%-0.9%38.0K-814.9K-4.5K2.8973.02N/AN/A9261,057600
2011-02-07$21.80$22.5012.7%6.8%19.9%11.6%0.0%3.0%0.5%38.1K-863.6K-4.5K0.0784.37N/AN/A3021,066611
2011-02-08$21.75$22.5016.6%6.5%19.9%24.9%22.3%2.8%0.9%35.8K-855.4K-4.5K0.3182.30N/AN/A35111,060613
2011-02-09$21.65$22.5014.1%6.6%20.0%16.2%0.0%2.2%0.9%36.3K-778.0K-4.4K3.7585.15N/AN/A4151,062624
2011-02-10$21.75$22.5021.9%6.3%19.7%43.6%21.1%3.7%1.4%36.6K-797.5K-4.4K0.3383.08N/AN/A1241,063638
2011-02-11$21.99$22.5023.5%6.7%20.1%49.1%23.3%6.3%-2.1%38.9K-971.1K-4.5K9.9079.07N/AN/A10991,062633
2011-02-14$21.96$22.5023.4%6.7%18.3%48.9%0.0%-4.2%-0.2%30.2K-791.7K-4.5K0.0087.37N/AN/A011,070732
2011-02-15$21.73$22.5022.7%6.5%18.4%46.4%0.0%3.0%-0.0%28.5K-694.7K-4.5K0.0083.12N/AN/A0231,070733
2011-02-16$21.99$22.5022.1%6.3%16.4%44.2%0.0%-3.3%0.6%30.1K-763.5K-4.5K0.6788.70N/AN/A321,070756
2011-02-17$21.97$22.5022.4%6.4%14.8%45.3%0.0%-3.3%0.0%29.0K-743.1K-4.4K0.0087.95N/AN/A101,073756
2011-02-18$22.25$22.5022.6%6.5%15.4%46.0%22.6%-1.8%0.3%38.7K-876.8K-4.4K1.2589.36N/AN/A16201,074756
2011-02-22$21.68$22.5022.2%6.4%17.7%44.4%22.3%-5.1%1.3%26.5K-739.9K-4.4K3.4394.06N/AN/A724914480
2011-02-23$21.31$22.5018.8%5.4%18.5%32.5%22.5%0.8%0.9%28.8K-595.7K-4.3K0.1688.10N/AN/A193917493
2011-02-24$21.76$22.5023.0%6.6%20.2%47.1%23.7%6.7%0.5%26.7K-752.8K-4.4K2.5087.00N/AN/A615931496
2011-02-25$21.75$22.5022.2%6.4%20.0%44.5%0.0%-2.7%-1.1%27.6K-774.4K-4.2K2.4594.37N/AN/A1127937490
2011-02-28$21.75$22.5017.8%5.1%19.1%29.2%0.0%-1.6%2.0%25.9K-758.2K-4.3K0.00105.50N/AN/A90934517