HI Options History — January 2014

In January 2014, HI traded between $27.01 and $28.95. ATM implied volatility averaged 18.5%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 1.6% (HV 20d: 16.9%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 4.80.

Notable Days

  • 2014-01-24: Highest Volume — 25 contracts
  • 2014-01-13: Largest IV spike — 46.6% change
  • 2014-01-15: Highest IV Rank — 76.2%
  • 2014-01-17: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.32$27.01$28.95$28.85$27.07
Max Pain$29.29$25.00$30.00$25.00$25.00
ATM IV18.5%13.3%26.7%14.3%18.3%
Expected Move5.2%3.8%6.1%4.1%5.2%
HV 20d16.9%14.2%18.7%18.7%15.6%
HV 60d19.3%18.2%21.2%21.2%19.8%
IV Rank36.4%11.0%76.2%16.0%35.2%
IV Percentile51.2%8.3%96.0%17.9%54.8%
Term Structure1.7%-5.9%9.7%9.7%0.7%
VWIV19.1%19.0%19.2%19.0%19.2%
Skew 25d3.2%-3.9%26.7%12.5%1.3%
Skew 10d2.4%-5.6%33.9%16.1%0.8%
Call IV 25d18.5%14.5%22.0%14.8%17.9%
Put IV 25d21.6%17.3%46.1%27.3%19.2%
Bid-Ask Spread %104.9974.61112.76107.0098.83
Gamma HHI0.870.581.000.980.70
Net GEX38.5K4.3K74.8K71.6K4.6K
Net DEX-211.4K-383.4K18.6K-382.6K-22.9K
Net VEX-986-1.4K-629-1.4K-629
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.800.0024.000.000.00
Total Volume3.71402500
Total OI481.238211682659248

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$28.85$25.0014.3%4.1%18.7%16.0%0.0%12.5%9.7%71.6K-382.6K-1.4K0.00107.00N/AN/A0058079
2014-01-03$28.92$25.0013.3%3.8%18.6%11.0%0.0%11.7%5.9%74.8K-374.2K-1.3K0.00107.65N/AN/A0058079
2014-01-06$28.80$30.0016.1%5.5%18.7%24.6%0.0%-3.9%-1.1%67.5K-383.4K-1.3K0.00107.76N/AN/A01858079
2014-01-07$28.95$30.0014.1%5.4%18.6%15.2%0.0%26.7%-0.1%74.4K-363.6K-1.3K0.00109.11N/AN/A0058097
2014-01-08$28.85$30.0016.4%5.6%18.5%26.3%0.0%-1.2%-0.7%69.7K-359.7K-1.2K0.00107.13N/AN/A0058097
2014-01-09$28.82$30.0015.3%5.9%18.3%20.9%0.0%-1.6%-1.4%59.1K-331.0K-1.2K0.00106.21N/AN/A0058097
2014-01-10$28.67$30.0017.5%5.8%17.5%31.5%0.0%-1.1%-0.8%51.1K-311.0K-1.2K0.00100.33N/AN/A0558097
2014-01-13$28.41$30.0025.7%4.4%17.8%71.2%0.0%0.5%4.7%47.3K-299.7K-1.1K0.00107.26N/AN/A00580102
2014-01-14$28.50$30.0025.9%5.2%17.4%72.5%0.0%3.5%1.3%49.1K-290.0K-1.0K0.00108.23N/AN/A00580102
2014-01-15$28.67$30.0026.7%4.8%15.7%76.2%0.0%-1.7%-0.0%54.3K-313.3K-1.1K0.00105.33N/AN/A00580102
2014-01-16$28.67$30.0016.6%4.8%15.7%27.2%0.0%2.7%0.7%53.0K-309.8K-9570.00112.76N/AN/A10580102
2014-01-17$28.89$30.0021.1%6.1%15.9%49.3%0.0%-0.9%0.1%68.6K-355.4K-1.0K0.00110.25N/AN/A30579102
2014-01-21$28.78$30.0019.5%5.6%15.6%41.4%0.0%1.7%1.4%12.5K-118.2K-8250.00104.80N/AN/A2014368
2014-01-22$28.71$30.0016.3%4.7%15.1%25.5%0.0%6.6%4.5%11.2K-108.4K-9100.00106.73N/AN/A0014568
2014-01-23$28.70$30.0017.4%5.0%14.2%31.1%0.0%7.5%5.8%11.6K-111.7K-8090.00106.64N/AN/A0214568
2014-01-24$27.68$30.0016.6%4.7%16.2%27.0%19.0%2.7%4.6%8.8K-58.2K-80224.00106.04N/AN/A12414570
2014-01-27$27.27$30.0020.8%6.0%16.4%47.7%0.0%-1.2%-5.9%5.1K15.9K-6780.0074.61N/AN/A0214682
2014-01-28$27.34$30.0018.1%5.2%16.3%34.5%0.0%1.4%5.8%4.5K14.8K-6550.00106.05N/AN/A0014682
2014-01-29$27.01$30.0018.7%5.4%16.4%37.2%0.0%-0.5%0.3%4.3K4.2K-6880.00106.24N/AN/A0014682
2014-01-30$27.18$30.0019.7%5.6%16.7%42.0%19.2%0.4%-0.1%4.3K18.6K-6470.00105.91N/AN/A20014682
2014-01-31$27.07$25.0018.3%5.2%15.6%35.2%0.0%1.3%0.7%4.6K-22.9K-6290.0098.83N/AN/A0016682