HI Options History — November 2013

In November 2013, HI traded between $27.62 and $29.40. ATM implied volatility averaged 18.9%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.2% (HV 20d: 16.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.83.

Notable Days

2013-11-19: Highest Volume — 277 contracts
2013-11-25: Largest IV spike — 51.1% change
2013-11-12: Highest IV Rank — 76.2%
2013-11-25: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.38	$27.62	$29.40	$28.14	$28.10
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	18.9%	13.9%	26.7%	15.3%	20.6%
Expected Move	5.1%	4.0%	6.0%	4.4%	5.9%
HV 20d	16.8%	12.7%	24.0%	21.4%	24.0%
HV 60d	18.5%	17.8%	20.6%	18.6%	20.6%
IV Rank	38.5%	13.8%	76.2%	21.0%	46.6%
IV Percentile	51.4%	14.7%	94.0%	22.2%	71.8%
Term Structure	0.3%	-10.3%	9.2%	6.6%	-5.8%
VWIV	20.5%	15.5%	24.5%	19.8%	15.5%
Skew 25d	2.2%	-10.3%	37.4%	4.8%	-10.3%
Skew 10d	3.2%	-7.5%	44.3%	9.0%	-7.5%
Call IV 25d	20.5%	13.4%	28.5%	17.7%	28.5%
Put IV 25d	22.7%	15.9%	57.9%	22.5%	18.3%
Bid-Ask Spread %	80.54	12.00	110.90	12.00	33.48
Gamma HHI	0.82	0.71	0.99	0.72	0.97
Net GEX	38.1K	18.4K	111.9K	19.7K	65.8K
Net DEX	-467.6K	-1.1M	-293.6K	-342.9K	-630.7K
Net VEX	-1.8K	-3.1K	-1.3K	-1.5K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.83	0.00	10.50	10.50	10.50
Total Volume	37.5	0	277	0	46
Total OI	519.95	344	933	344	933

Daily Data (20 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
2013-11-01	$28.14	$30.00	15.3%	4.4%	21.4%	21.0%	0.0%	4.8%	6.6%	19.7K	-342.9K	-1.5K	0.00	12.00	N/A	N/A	0	0	298	46
2013-11-04	$28.35	$0.00	16.8%	5.7%	21.2%	28.2%	0.0%	-4.1%	-10.3%	20.3K	-337.6K	-1.5K	0.00	110.90	N/A	N/A	0	0	298	46
2013-11-05	$28.38	$0.00	17.2%	4.7%	20.8%	29.9%	19.8%	-3.9%	-0.4%	21.2K	-342.8K	-1.4K	10.50	98.16	N/A	N/A	2	21	298	46
2013-11-06	$28.35	$30.00	16.5%	5.1%	19.8%	26.7%	0.0%	-3.9%	-1.3%	19.6K	-311.0K	-1.4K	0.00	101.67	N/A	N/A	1	0	300	67
2013-11-07	$27.91	$30.00	20.8%	5.1%	18.0%	47.7%	0.0%	-3.4%	-0.2%	18.4K	-295.1K	-1.4K	0.00	104.56	N/A	N/A	4	0	301	67
2013-11-08	$28.26	$30.00	20.5%	5.2%	14.8%	46.1%	0.0%	-3.9%	-0.9%	20.1K	-293.6K	-1.4K	0.00	103.60	N/A	N/A	0	0	305	67
2013-11-11	$28.11	$30.00	23.9%	4.9%	12.7%	62.8%	0.0%	1.1%	1.7%	19.3K	-310.0K	-1.4K	0.00	107.48	N/A	N/A	0	0	305	67
2013-11-12	$28.46	$30.00	26.7%	5.1%	13.6%	76.2%	20.1%	28.0%	0.2%	21.0K	-313.6K	-1.3K	0.00	103.76	N/A	N/A	24	0	305	67
2013-11-13	$28.81	$30.00	24.5%	5.2%	14.2%	65.6%	0.0%	-4.1%	-0.6%	23.4K	-350.9K	-1.4K	0.00	37.52	N/A	N/A	33	0	329	67
2013-11-14	$28.92	$30.00	17.5%	5.0%	14.1%	31.5%	0.0%	37.4%	-0.4%	27.5K	-396.9K	-1.6K	0.00	103.79	N/A	N/A	0	0	362	67
2013-11-15	$28.85	$30.00	18.1%	5.2%	13.5%	34.4%	0.0%	0.8%	-0.5%	28.0K	-398.7K	-1.5K	0.00	106.80	N/A	N/A	11	0	362	67
2013-11-18	$28.34	$30.00	18.8%	5.4%	14.7%	37.7%	22.3%	-3.2%	-2.2%	25.2K	-421.1K	-1.5K	0.00	100.05	N/A	N/A	22	0	333	56
2013-11-19	$28.03	$30.00	15.6%	4.5%	15.0%	22.2%	0.0%	2.0%	6.0%	24.5K	-387.6K	-1.5K	0.00	106.06	N/A	N/A	277	0	354	56
2013-11-20	$27.62	$30.00	16.3%	4.7%	14.9%	25.6%	0.0%	2.9%	6.2%	46.9K	-525.4K	-2.1K	0.00	99.89	N/A	N/A	1	0	611	56
2013-11-21	$27.90	$30.00	20.5%	5.9%	15.4%	46.0%	23.5%	-5.3%	-3.1%	43.8K	-578.6K	-2.5K	0.00	100.45	N/A	N/A	20	0	610	56
2013-11-22	$28.24	$30.00	13.9%	4.0%	15.9%	13.8%	0.0%	4.7%	9.2%	52.1K	-569.7K	-2.3K	0.00	105.55	N/A	N/A	0	0	630	56
2013-11-25	$28.50	$30.00	20.9%	6.0%	16.3%	48.2%	24.5%	-3.6%	-4.2%	58.2K	-649.0K	-2.4K	0.35	30.97	N/A	N/A	161	56	630	56
2013-11-26	$29.00	$30.00	14.7%	4.2%	17.5%	17.9%	17.7%	6.7%	7.0%	94.4K	-844.8K	-2.9K	4.33	30.63	N/A	N/A	9	39	790	112
2013-11-27	$29.40	$30.00	19.7%	5.6%	17.5%	42.2%	0.0%	1.6%	-2.1%	111.9K	-1.1M	-3.1K	0.00	13.39	N/A	N/A	23	0	795	128
2013-11-29	$28.10	$30.00	20.6%	5.9%	24.0%	46.6%	15.5%	-10.3%	-5.8%	65.8K	-630.7K	-2.5K	10.50	33.48	N/A	N/A	4	42	805	128