HI Options History — April 2014

In April 2014, HI traded between $30.03 and $32.72. ATM implied volatility averaged 21.6%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 4.2% (HV 20d: 17.3%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2014-04-08: Highest Volume — 56 contracts
  • 2014-04-04: Largest IV spike — 35.9% change
  • 2014-04-11: Highest IV Rank — 66.0%
  • 2014-04-11: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.19$30.03$32.72$32.41$30.40
Max Pain$34.29$30.00$35.00$30.00$35.00
ATM IV21.6%17.4%25.5%17.9%23.3%
Expected Move6.3%5.1%7.3%5.1%6.7%
HV 20d17.3%15.4%19.1%15.4%17.7%
HV 60d24.6%23.5%25.5%24.1%23.5%
IV Rank48.3%29.3%66.0%31.7%56.0%
IV Percentile74.8%41.7%92.1%48.0%88.5%
Term Structure-0.6%-8.2%6.3%-2.7%-0.9%
VWIV23.9%23.2%24.5%24.0%23.2%
Skew 25d8.7%-3.9%26.8%-0.9%23.4%
Skew 10d22.6%-1.8%45.3%-1.8%45.3%
Call IV 25d19.3%13.9%24.1%19.3%24.1%
Put IV 25d28.0%15.6%50.6%18.4%47.6%
Bid-Ask Spread %95.0449.09109.81106.9691.54
Gamma HHI0.930.880.970.900.97
Net GEX-137.8K-209.2K-82.4K-86.5K-209.2K
Net DEX994.0K318.0K1.7M552.0K1.6M
Net VEX-6.0K-6.7K-5.4K-6.1K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.002.500.000.00
Total Volume10.0480561510
Total OI1,483.9521,3781,5711,4881,407

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$32.41$30.0017.9%5.1%15.4%31.7%0.0%-0.9%-2.7%-86.5K552.0K-6.1K0.00106.96N/AN/A1501991,289
2014-04-02$32.66$30.0019.2%5.5%15.5%37.2%0.0%6.6%-3.2%-86.7K344.1K-5.4K0.0049.09N/AN/A0102141,289
2014-04-03$32.72$30.0018.4%5.3%15.4%33.8%0.0%5.3%2.0%-82.4K318.0K-5.4K0.0099.86N/AN/A002141,299
2014-04-04$32.26$35.0025.0%6.1%16.3%64.0%0.0%-3.9%-8.2%-91.2K436.4K-5.7K0.00109.81N/AN/A202141,299
2014-04-07$31.51$35.0017.4%6.9%18.4%29.3%24.0%3.1%-2.7%-109.6K730.1K-6.4K0.0097.94N/AN/A0452161,299
2014-04-08$31.54$35.0019.5%6.8%17.6%38.9%24.5%9.8%-2.0%-119.8K730.2K-6.3K2.5092.83N/AN/A16402161,298
2014-04-09$31.56$35.0018.6%5.8%17.4%34.7%0.0%11.3%6.3%-116.3K758.5K-6.3K0.0099.47N/AN/A002151,330
2014-04-10$30.82$35.0023.2%6.6%19.1%55.6%0.0%6.1%-1.3%-120.5K1.0M-6.6K0.0095.68N/AN/A002151,330
2014-04-11$30.75$35.0025.5%7.3%18.8%66.0%0.0%8.6%-2.6%-116.3K1.2M-6.7K0.00101.09N/AN/A3002151,330
2014-04-14$30.58$35.0024.5%7.0%17.9%61.6%0.0%7.6%-3.5%-124.2K1.1M-6.6K0.0099.32N/AN/A002411,330
2014-04-15$30.48$35.0023.2%6.7%17.0%55.9%23.2%18.4%-2.6%-133.1K1.3M-6.6K1.0096.00N/AN/A112411,330
2014-04-16$30.91$35.0018.2%5.2%17.4%32.9%0.0%14.8%4.4%-162.1K936.8K-6.1K0.00104.84N/AN/A002421,329
2014-04-17$31.33$35.0020.3%5.8%17.3%42.5%0.0%10.8%4.9%-143.0K764.7K-6.0K0.0096.55N/AN/A002421,329
2014-04-21$31.24$35.0021.4%6.1%17.2%47.4%0.0%2.9%-0.2%-152.8K990.1K-5.5K0.0098.27N/AN/A0161321,246
2014-04-22$31.37$35.0023.7%6.8%17.1%57.8%0.0%4.7%-1.2%-147.9K1.0M-5.7K0.0092.57N/AN/A001321,262
2014-04-23$31.01$35.0022.6%6.5%17.4%53.0%0.0%7.5%0.8%-156.9K1.1M-5.9K0.0093.48N/AN/A0101321,262
2014-04-24$30.97$35.0023.3%6.7%17.2%55.9%0.0%10.5%0.1%-161.7K1.2M-5.8K0.0092.17N/AN/A301321,272
2014-04-25$30.38$35.0022.7%6.5%18.4%53.5%0.0%4.4%0.9%-180.0K1.5M-6.0K0.0093.50N/AN/A001351,272
2014-04-28$30.03$35.0022.9%6.6%18.5%54.1%0.0%26.8%-0.2%-192.8K1.7M-5.8K0.0092.14N/AN/A0121351,272
2014-04-29$30.14$35.0022.3%6.4%17.3%51.4%0.0%4.1%-0.9%-200.2K1.6M-5.8K0.0092.71N/AN/A001351,272
2014-04-30$30.40$35.0023.3%6.7%17.7%56.0%0.0%23.4%-0.9%-209.2K1.6M-5.6K0.0091.54N/AN/A1001351,272