HI Options History — August 2014

In August 2014, HI traded between $29.43 and $33.68. ATM implied volatility averaged 18.8%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 1.8% (HV 20d: 20.6%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 3.13.

Notable Days

  • 2014-08-06: Highest Volume — 108 contracts
  • 2014-08-13: Largest IV spike — 57.1% change
  • 2014-08-13: Highest IV Rank — 100.0%
  • 2014-08-11: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.91$29.43$33.68$29.43$33.44
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV18.8%13.0%36.8%22.6%13.2%
Expected Move5.7%4.0%6.5%6.5%5.7%
HV 20d20.6%16.4%23.0%18.0%16.4%
HV 60d18.2%17.4%19.2%19.1%17.5%
IV Rank33.2%7.5%100.0%52.9%8.5%
IV Percentile44.3%2.4%100.0%86.1%3.6%
Term Structure0.8%-3.0%7.1%-2.8%5.5%
VWIV22.4%22.4%22.4%22.4%22.4%
Skew 25d3.5%-3.3%20.2%3.5%3.8%
Skew 10d6.7%0.6%35.1%2.5%6.5%
Call IV 25d17.7%13.5%27.1%27.1%14.9%
Put IV 25d21.2%13.9%42.7%30.6%18.7%
Bid-Ask Spread %95.2573.72110.6499.2177.05
Gamma HHI0.600.490.850.540.56
Net GEX-5.7K-38.1K9.4K-6.7K9.4K
Net DEX-34.9K-169.8K167.1K96.4K-169.3K
Net VEX-870-1.2K-483-1.0K-860
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.130.0012.5012.500.00
Total Volume12.714010820
Total OI311.381265380271324

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$29.43$30.0022.6%6.5%18.0%52.9%0.0%3.5%-2.8%-6.7K96.4K-1.0K0.0099.21N/AN/A02114157
2014-08-04$29.76$30.0022.3%6.0%18.6%51.7%0.0%20.2%-0.3%-6.8K99.5K-8980.00104.75N/AN/A00114159
2014-08-05$29.74$30.0022.8%6.2%18.6%54.0%0.0%1.2%-1.0%-7.6K100.3K-9860.00104.90N/AN/A00114159
2014-08-06$29.76$30.0026.2%5.9%18.6%69.3%0.0%1.4%-0.2%-8.2K104.7K-94812.50106.34N/AN/A8100114159
2014-08-07$30.15$30.0021.1%6.1%19.2%46.1%0.0%2.2%0.1%-38.1K167.1K-1.2K0.00101.90N/AN/A056122257
2014-08-08$31.06$30.0019.4%6.5%22.2%38.5%0.0%16.6%-0.8%-23.5K11.3K-1.0K0.00105.05N/AN/A80122258
2014-08-11$31.32$30.0023.8%6.5%22.2%58.2%22.4%2.3%-3.0%-17.1K-21.0K-9410.00106.89N/AN/A02114258
2014-08-12$31.18$30.0023.4%6.0%21.8%56.6%0.0%4.7%-0.2%-18.6K5.3K-9860.00100.98N/AN/A020114256
2014-08-13$31.82$30.0036.8%5.6%23.0%100.0%0.0%-3.3%-2.1%-9.7K-38.0K-9300.00110.64N/AN/A00114266
2014-08-14$31.91$30.0018.1%5.2%21.8%27.5%0.0%5.1%-2.6%-6.9K-16.9K-9330.00110.52N/AN/A00110261
2014-08-15$31.99$30.0014.1%4.0%21.0%12.1%0.0%-0.4%7.1%-6.8K-37.5K-9040.00110.53N/AN/A00110261
2014-08-18$32.81$0.0014.5%5.2%22.6%13.5%0.0%1.1%-2.0%-2.1K-72.8K-8750.0097.41N/AN/A010104161
2014-08-19$32.92$0.0016.1%5.4%22.2%19.6%0.0%0.1%-1.8%-2.2K-80.2K-8180.0099.10N/AN/A00104161
2014-08-20$32.58$0.0014.7%5.4%22.1%14.1%0.0%0.3%3.8%-2.2K-67.8K-7860.0086.37N/AN/A02104161
2014-08-21$32.98$0.0016.4%5.6%22.1%20.7%0.0%2.5%-2.5%-1.8K-77.3K-8230.0083.20N/AN/A00104161
2014-08-22$33.14$0.0013.2%5.6%21.5%8.3%0.0%0.9%3.4%-1.5K-118.7K-4900.0089.48N/AN/A00104161
2014-08-25$33.52$0.0013.4%5.7%20.7%9.3%0.0%2.4%3.6%6.2K-133.7K-4830.0078.98N/AN/A390104161
2014-08-26$33.68$0.0015.9%5.7%20.5%19.0%0.0%6.2%5.2%9.0K-169.8K-7760.0073.72N/AN/A00143161
2014-08-27$33.56$0.0013.2%5.7%20.7%8.6%0.0%2.5%4.1%7.8K-165.5K-7790.0075.41N/AN/A00143161
2014-08-28$33.36$0.0013.0%5.7%19.0%7.5%0.0%1.3%3.0%6.9K-148.4K-7690.0077.82N/AN/A200143161
2014-08-29$33.44$0.0013.2%5.7%16.4%8.5%0.0%3.8%5.5%9.4K-169.3K-8600.0077.05N/AN/A00163161