HI Options History — February 2013

In February 2013, HI traded between $23.99 and $24.96. ATM implied volatility averaged 18.3%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 4.4% (HV 20d: 13.9%). 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 7 of 19 days. Put/call ratio averaged 2.56.

Notable Days

2013-02-07: Highest Volume — 112 contracts
2013-02-26: Largest IV drop — 34.1% change
2013-02-04: Highest IV Rank — 41.8%
2013-02-04: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.58	$23.99	$24.96	$24.86	$24.69
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	18.3%	12.2%	25.1%	22.1%	15.5%
Expected Move	5.3%	3.5%	6.0%	5.7%	4.4%
HV 20d	13.9%	11.9%	17.0%	12.5%	17.0%
HV 60d	18.8%	18.0%	20.3%	20.2%	18.5%
IV Rank	21.7%	3.5%	41.8%	33.0%	13.3%
IV Percentile	12.5%	0.4%	54.0%	31.0%	4.8%
Term Structure	0.2%	-2.4%	6.0%	-0.5%	0.8%
VWIV	22.3%	16.1%	29.6%	21.8%	29.6%
Skew 25d	-3.8%	-9.8%	2.5%	2.5%	-9.8%
Skew 10d	-6.4%	-20.6%	3.9%	3.9%	-20.6%
Call IV 25d	20.1%	15.3%	27.2%	19.1%	27.2%
Put IV 25d	16.3%	13.6%	21.9%	21.6%	17.4%
Bid-Ask Spread %	16.68	8.96	39.33	18.68	17.62
Gamma HHI	0.65	0.46	0.90	0.70	0.52
Net GEX	86.1K	32.6K	243.1K	73.6K	34.9K
Net DEX	-1.3M	-1.6M	-962.2K	-1.5M	-1.2M
Net VEX	-2.9K	-3.4K	-2.5K	-3.0K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.56	0.00	11.75	0.00	1.00
Total Volume	22.316	0	112	73	0
Total OI	1,245.474	1,022	1,431	1,326	1,030

Daily Data (19 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
2013-02-01	$24.86	$22.50	22.1%	5.7%	12.5%	33.0%	21.8%	2.5%	-0.5%	73.6K	-1.5M	-3.0K	0.00	18.68	N/A	N/A	73	0	919	407
2013-02-04	$24.73	$22.50	25.1%	6.0%	12.9%	41.8%	0.0%	1.5%	-1.6%	81.4K	-1.5M	-3.4K	0.11	39.33	N/A	N/A	38	4	980	407
2013-02-05	$24.61	$22.50	16.8%	6.0%	11.9%	17.1%	0.0%	-6.2%	-2.4%	106.9K	-1.5M	-3.2K	0.00	12.38	N/A	N/A	32	0	1,012	407
2013-02-06	$24.49	$22.50	16.1%	5.6%	11.9%	15.2%	0.0%	-6.4%	-0.9%	95.6K	-1.3M	-3.4K	11.00	8.96	N/A	N/A	1	11	1,014	407
2013-02-07	$24.62	$22.50	19.4%	5.6%	11.9%	24.9%	0.0%	-5.2%	-0.4%	109.3K	-1.4M	-3.4K	8.33	9.24	N/A	N/A	12	100	1,014	417
2013-02-08	$24.64	$22.50	18.9%	5.4%	11.9%	23.3%	0.0%	-4.9%	-0.2%	118.2K	-1.4M	-3.2K	0.00	10.90	N/A	N/A	13	0	1,024	367
2013-02-11	$24.28	$22.50	19.2%	5.5%	13.1%	24.2%	0.0%	-6.2%	-0.4%	76.7K	-1.1M	-2.9K	0.65	15.75	N/A	N/A	31	20	1,014	367
2013-02-12	$24.55	$22.50	19.1%	5.5%	13.5%	24.1%	0.0%	-5.1%	-0.2%	115.5K	-1.3M	-3.2K	0.00	12.20	N/A	N/A	0	4	1,034	387
2013-02-13	$24.91	$22.50	18.9%	5.4%	14.1%	23.5%	0.0%	-3.7%	0.0%	197.8K	-1.6M	-3.0K	0.00	13.13	N/A	N/A	2	0	1,034	387
2013-02-14	$24.95	$22.50	18.5%	5.3%	13.2%	22.2%	18.5%	-3.2%	0.4%	243.1K	-1.6M	-3.0K	0.00	9.85	N/A	N/A	12	0	1,034	387
2013-02-15	$24.68	$22.50	17.5%	5.0%	13.0%	19.3%	16.1%	-3.6%	0.5%	145.9K	-1.3M	-2.9K	11.75	12.35	N/A	N/A	4	47	1,034	387
2013-02-19	$24.96	$22.50	18.3%	5.2%	13.2%	21.6%	0.0%	-3.3%	0.3%	34.4K	-1.2M	-2.6K	0.00	12.11	N/A	N/A	2	0	706	316
2013-02-20	$24.45	$22.50	18.5%	5.3%	15.2%	22.3%	25.6%	-3.8%	-0.5%	34.2K	-1.1M	-2.7K	0.40	14.34	N/A	N/A	10	4	708	316
2013-02-21	$24.44	$22.50	18.9%	5.4%	15.2%	23.3%	29.6%	-3.8%	-0.3%	33.8K	-1.1M	-2.7K	1.00	13.49	N/A	N/A	2	2	708	320
2013-02-22	$24.54	$22.50	19.7%	5.6%	14.5%	25.8%	0.0%	-4.1%	-1.0%	34.0K	-1.1M	-2.7K	0.00	13.64	N/A	N/A	0	0	708	322
2013-02-25	$23.99	$22.50	18.5%	5.3%	16.4%	22.3%	0.0%	-6.9%	-1.9%	32.6K	-962.2K	-2.7K	0.00	20.78	N/A	N/A	0	0	708	322
2013-02-26	$24.20	$22.50	12.2%	3.5%	16.8%	3.5%	0.0%	-2.2%	5.9%	33.2K	-1.0M	-2.7K	0.00	30.99	N/A	N/A	0	0	708	322
2013-02-27	$24.45	$22.50	14.7%	4.2%	16.8%	11.0%	0.0%	2.0%	6.0%	33.9K	-1.1M	-2.6K	0.00	31.17	N/A	N/A	0	0	708	322
2013-02-28	$24.69	$22.50	15.5%	4.4%	17.0%	13.3%	0.0%	-9.8%	0.8%	34.9K	-1.2M	-2.5K	0.00	17.62	N/A	N/A	0	0	708	322