HI Options History — February 2014

In February 2014, HI traded between $26.13 and $29.94. ATM implied volatility averaged 20.5%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 12.7% (HV 20d: 33.2%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 4.41.

Notable Days

  • 2014-02-05: Highest Volume — 69 contracts
  • 2014-02-05: Largest IV drop — 49.5% change
  • 2014-02-04: Highest IV Rank — 100.0%
  • 2014-02-04: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.70$26.13$29.94$26.20$29.88
Max Pain$28.68$25.00$30.00$25.00$30.00
ATM IV20.5%16.6%32.9%23.4%19.1%
Expected Move5.6%4.3%9.4%6.7%5.5%
HV 20d33.2%18.6%37.2%18.6%33.8%
HV 60d25.3%20.8%26.9%20.8%24.3%
IV Rank43.4%25.5%100.0%60.1%37.2%
IV Percentile67.2%36.5%100.0%89.3%61.9%
Term Structure0.2%-5.2%6.3%-4.0%0.5%
VWIV20.9%17.3%32.9%32.9%18.2%
Skew 25d1.8%-9.6%37.6%-9.6%0.3%
Skew 10d2.2%-15.6%46.3%-1.4%-0.6%
Call IV 25d22.2%16.8%30.1%25.9%22.8%
Put IV 25d24.0%15.8%57.5%16.3%23.2%
Bid-Ask Spread %95.8632.13106.4632.1392.32
Gamma HHI0.840.581.000.630.85
Net GEX11.5K2.8K18.3K3.3K12.6K
Net DEX-87.6K-233.2K15.5K15.5K-54.3K
Net VEX-922-1.3K-534-534-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.410.0018.000.920.00
Total Volume14.78906900
Total OI309.579242345248340

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$26.20$25.0023.4%6.7%18.6%60.1%0.0%-9.6%-4.0%3.3K15.5K-5340.0032.13N/AN/A0016682
2014-02-04$26.13$25.0032.9%9.4%18.6%100.0%32.9%2.8%-5.2%2.8K-695-5660.9295.82N/AN/A121116676
2014-02-05$28.04$25.0016.6%4.8%32.6%25.5%17.7%2.7%1.4%10.2K-163.4K-7905.90105.76N/AN/A105917887
2014-02-06$27.63$25.0021.1%6.0%32.9%45.9%0.0%1.2%1.0%8.8K-118.8K-8818.00106.06N/AN/A18178116
2014-02-07$27.90$30.0021.2%5.5%33.2%46.4%0.0%2.6%-1.4%7.1K-47.9K-7420.00102.02N/AN/A00179124
2014-02-10$27.55$30.0024.3%4.3%33.4%60.7%0.0%5.1%6.3%5.5K-34.0K-7520.35106.00N/AN/A207179124
2014-02-11$27.97$30.0021.8%5.1%33.8%49.1%0.0%5.9%4.6%9.0K-121.9K-9380.00106.46N/AN/A200199117
2014-02-12$28.52$30.0019.5%4.4%34.5%39.0%0.0%-1.0%3.2%11.7K-117.7K-7320.00101.82N/AN/A00191117
2014-02-13$29.63$30.0017.4%5.0%37.1%29.0%17.3%37.6%0.8%18.3K-214.2K-9000.50101.45N/AN/A21191117
2014-02-14$29.70$30.0022.2%6.4%37.1%51.1%0.0%-9.0%-0.6%13.7K-233.2K-1.0K18.0097.39N/AN/A236191117
2014-02-18$29.55$30.0019.6%5.6%37.1%39.3%0.0%-3.0%0.0%14.7K-129.9K-1.1K0.00100.98N/AN/A00192153
2014-02-19$29.29$30.0017.7%5.1%37.2%30.5%0.0%-2.1%0.1%15.1K-117.0K-9680.0098.55N/AN/A00192153
2014-02-20$29.29$30.0020.3%5.8%37.2%42.3%0.0%-0.9%-1.4%15.3K-94.8K-8990.00104.36N/AN/A00192153
2014-02-21$29.43$30.0018.2%5.2%37.2%32.9%0.0%-1.7%-0.5%15.6K-110.2K-9010.0098.40N/AN/A010192153
2014-02-24$29.49$30.0018.7%5.4%34.5%35.0%18.6%0.4%-2.1%16.2K-34.9K-9610.0094.19N/AN/A050160136
2014-02-25$29.42$25.0018.4%5.3%33.9%33.6%18.2%1.1%0.8%13.0K-19.2K-1.1K6.0093.16N/AN/A212160156
2014-02-26$29.94$30.0018.8%5.4%34.2%35.7%0.0%0.2%0.4%12.3K-51.5K-1.2K0.0091.21N/AN/A011158164
2014-02-27$29.81$30.0018.0%5.2%33.8%31.8%0.0%0.8%0.7%12.7K-16.2K-1.2K0.0093.25N/AN/A70158175
2014-02-28$29.88$30.0019.1%5.5%33.8%37.2%0.0%0.3%0.5%12.6K-54.3K-1.3K0.0092.32N/AN/A00165175