HI Options History — April 2013

In April 2013, HI traded between $23.28 and $25.28. ATM implied volatility averaged 21.4%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 5.2% (HV 20d: 16.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2013-04-09: Highest Volume — 40 contracts
  • 2013-04-17: Largest IV spike — 28.6% change
  • 2013-04-22: Highest IV Rank — 55.6%
  • 2013-04-22: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.53$23.28$25.28$25.07$25.13
Max Pain$24.55$22.50$25.00$22.50$25.00
ATM IV21.4%16.3%29.7%17.5%21.8%
Expected Move6.3%4.7%8.5%5.0%6.3%
HV 20d16.2%7.4%23.7%7.4%23.7%
HV 60d15.6%13.7%17.7%13.7%17.7%
IV Rank31.0%15.7%55.6%19.2%32.1%
IV Percentile38.9%10.7%81.3%13.9%42.1%
Term Structure-0.5%-3.6%4.8%2.4%-0.3%
VWIV21.5%21.0%21.7%21.5%21.0%
Skew 25d8.5%-12.8%74.7%74.7%27.4%
Skew 10d12.4%-23.4%126.2%126.2%47.3%
Call IV 25d22.8%19.4%29.8%22.3%24.7%
Put IV 25d31.3%17.0%97.0%97.0%52.1%
Bid-Ask Spread %20.919.9238.7811.5314.30
Gamma HHI0.770.460.920.900.79
Net GEX28.5K10.1K47.2K42.0K15.1K
Net DEX-612.3K-1.0M-82.2K-1.0M-342.2K
Net VEX-2.3K-2.5K-2.1K-2.3K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.002.000.000.70
Total Volume9.591040017
Total OI848.7735451,012943559

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$25.07$22.5017.5%5.0%7.4%19.2%0.0%74.7%2.4%42.0K-1.0M-2.3K0.0011.53N/AN/A00615328
2013-04-02$25.18$22.5016.6%4.7%7.4%16.5%0.0%66.7%4.1%44.2K-1.0M-2.2K0.0013.26N/AN/A00615328
2013-04-03$24.75$22.5016.8%4.8%10.0%17.2%0.0%-8.8%4.8%44.0K-896.4K-2.4K0.0014.94N/AN/A034615328
2013-04-04$24.84$22.5017.0%4.9%10.0%17.9%0.0%-12.8%3.5%40.6K-870.4K-2.5K0.0013.28N/AN/A30615362
2013-04-05$24.60$25.0018.9%6.3%10.7%23.6%0.0%5.0%-1.4%39.2K-804.2K-2.5K1.3314.56N/AN/A1520618362
2013-04-08$24.95$25.0017.7%5.7%11.7%20.0%0.0%4.9%0.3%40.5K-880.2K-2.5K0.0019.24N/AN/A20603382
2013-04-09$24.85$25.0016.3%6.2%11.8%15.7%21.5%5.3%-1.8%44.2K-867.2K-2.5K0.0017.12N/AN/A400603382
2013-04-10$25.28$25.0017.4%6.2%13.1%19.0%21.7%-0.1%-1.0%42.8K-1.0M-2.4K0.0028.62N/AN/A20621382
2013-04-11$25.00$25.0021.6%6.2%13.2%31.6%0.0%-1.6%-1.4%47.2K-957.5K-2.4K0.0028.94N/AN/A50623382
2013-04-12$24.86$25.0022.3%6.4%13.2%33.7%0.0%5.4%-1.4%47.0K-902.9K-2.4K0.0016.70N/AN/A00626382
2013-04-15$24.15$25.0023.5%6.7%16.4%37.2%0.0%4.1%-2.4%25.3K-642.2K-2.3K0.0020.04N/AN/A04626382
2013-04-16$24.17$25.0021.8%6.3%16.3%32.2%0.0%4.0%-1.7%24.5K-631.1K-2.3K0.0014.49N/AN/A60626386
2013-04-17$23.49$25.0028.1%8.0%18.9%50.8%21.7%5.3%-3.1%20.3K-484.2K-2.1K0.0016.96N/AN/A02623386
2013-04-18$23.28$25.0028.5%8.2%18.8%52.1%0.0%3.8%-3.6%22.1K-455.3K-2.1K2.0038.78N/AN/A510623387
2013-04-19$23.69$25.0028.0%8.0%20.2%50.5%0.0%6.4%-2.0%13.9K-517.5K-2.1K0.8033.62N/AN/A108623386
2013-04-22$23.66$25.0029.7%8.5%20.0%55.6%0.0%6.5%-2.0%10.1K-82.2K-2.1K0.1419.88N/AN/A71305244
2013-04-23$24.21$25.0022.4%6.4%22.0%33.8%0.0%-4.8%-1.6%11.1K-157.9K-2.1K0.0031.49N/AN/A60300245
2013-04-24$24.39$25.0022.0%6.3%22.3%32.8%0.0%4.9%-1.5%11.9K-186.6K-2.1K0.0017.30N/AN/A00304245
2013-04-25$24.70$25.0021.5%6.2%22.8%31.3%21.5%-3.1%-0.5%12.6K-247.9K-2.1K0.5031.31N/AN/A42304245
2013-04-26$24.51$25.0020.6%5.9%22.9%28.6%0.0%-4.5%0.2%14.0K-210.1K-2.1K0.009.92N/AN/A00308243
2013-04-29$24.82$25.0021.1%6.0%23.3%29.9%21.0%-2.7%0.1%14.8K-255.0K-2.2K0.0033.70N/AN/A80308243
2013-04-30$25.13$25.0021.8%6.3%23.7%32.1%0.0%27.4%-0.3%15.1K-342.2K-2.1K0.7014.30N/AN/A107316243