HI Options History — September 2014

In September 2014, HI traded between $30.89 and $33.28. ATM implied volatility averaged 19.8%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.8% (HV 20d: 16.1%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2014-09-02: Highest Volume — 10 contracts
2014-09-12: Largest IV spike — 63.0% change
2014-09-09: Highest IV Rank — 71.9%
2014-09-25: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.40	$30.89	$33.28	$33.28	$30.89
Max Pain	$34.00	$25.00	$35.00	$35.00	$25.00
ATM IV	19.8%	14.1%	29.5%	14.7%	19.6%
Expected Move	5.8%	5.2%	6.4%	5.8%	6.2%
HV 20d	16.1%	13.4%	18.4%	16.7%	18.4%
HV 60d	18.0%	17.3%	19.1%	17.4%	19.1%
IV Rank	34.3%	11.9%	71.9%	14.2%	33.2%
IV Percentile	56.8%	7.5%	98.0%	12.7%	59.1%
Term Structure	1.6%	-3.1%	6.3%	-2.7%	1.9%
VWIV	17.3%	14.7%	19.8%	19.8%	14.7%
Skew 25d	6.1%	-2.1%	13.9%	1.6%	-2.1%
Skew 10d	22.2%	3.7%	41.2%	5.0%	41.2%
Call IV 25d	18.1%	12.6%	22.9%	19.7%	22.1%
Put IV 25d	24.2%	19.5%	29.9%	21.3%	20.0%
Bid-Ask Spread %	92.62	79.74	100.00	91.90	83.43
Gamma HHI	0.55	0.47	0.78	0.55	0.78
Net GEX	-795	-18.0K	10.1K	9.0K	-18.0K
Net DEX	-43.2K	-171.7K	42.8K	-123.1K	42.8K
Net VEX	-758	-950	-559	-950	-573
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.857	0	10	10	3
Total OI	321.619	314	334	324	319

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-09-02	$33.28	$0.00	14.7%	5.8%	16.7%	14.2%	19.8%	1.6%	-2.7%	9.0K	-123.1K	-950	91.90	N/A	N/A	10	0	163	161
2014-09-03	$33.21	$35.00	15.9%	5.8%	16.8%	18.8%	0.0%	0.9%	3.1%	10.1K	-171.7K	-945	90.00	N/A	N/A	0	0	173	161
2014-09-04	$32.87	$35.00	16.0%	5.8%	17.6%	19.5%	0.0%	-1.5%	0.4%	9.9K	-161.9K	-926	79.74	N/A	N/A	0	0	173	161
2014-09-05	$32.69	$35.00	23.3%	5.2%	17.8%	47.6%	0.0%	8.0%	1.3%	3.7K	-81.4K	-920	93.96	N/A	N/A	0	0	173	161
2014-09-08	$32.60	$35.00	20.7%	5.4%	15.1%	37.6%	0.0%	4.7%	5.3%	1.6K	-68.0K	-812	82.04	N/A	N/A	0	0	173	161
2014-09-09	$32.41	$35.00	29.5%	5.9%	15.2%	71.9%	0.0%	7.1%	-2.5%	-1.2K	-49.0K	-832	84.14	N/A	N/A	0	0	173	161
2014-09-10	$32.36	$35.00	26.8%	5.9%	15.0%	61.4%	0.0%	6.6%	-0.6%	-659	-52.4K	-806	98.11	N/A	N/A	0	0	173	161
2014-09-11	$32.93	$35.00	14.1%	5.4%	14.6%	12.2%	0.0%	13.6%	6.3%	5.9K	-85.7K	-846	91.60	N/A	N/A	0	0	173	161
2014-09-12	$32.34	$35.00	23.1%	5.9%	16.2%	46.8%	0.0%	7.2%	0.8%	-3.5K	-10.9K	-751	94.99	N/A	N/A	0	0	153	161
2014-09-15	$32.22	$35.00	21.5%	5.9%	16.2%	40.9%	0.0%	6.2%	1.2%	-6.9K	577	-681	100.00	N/A	N/A	0	0	153	161
2014-09-16	$32.35	$35.00	21.4%	5.8%	13.4%	40.3%	0.0%	11.1%	2.2%	672	-3.6K	-845	96.83	N/A	N/A	0	0	153	161
2014-09-17	$32.89	$35.00	16.2%	5.5%	14.7%	20.3%	0.0%	11.6%	1.7%	6.5K	-54.1K	-849	97.17	N/A	N/A	0	0	153	161
2014-09-18	$33.10	$35.00	14.1%	5.5%	14.3%	11.9%	0.0%	13.9%	4.1%	8.9K	-73.6K	-827	94.26	N/A	N/A	0	0	153	161
2014-09-19	$32.60	$35.00	16.4%	5.4%	14.7%	20.9%	0.0%	10.2%	0.6%	3.4K	-36.1K	-766	93.89	N/A	N/A	0	0	153	161
2014-09-22	$32.00	$35.00	22.5%	5.9%	15.9%	44.5%	0.0%	3.4%	-1.8%	-7.7K	-2.9K	-589	97.83	N/A	N/A	0	0	153	161
2014-09-23	$32.00	$35.00	20.4%	5.9%	15.1%	36.3%	0.0%	5.3%	4.8%	-7.6K	6.8K	-625	99.38	N/A	N/A	0	0	153	161
2014-09-24	$32.59	$35.00	17.0%	5.5%	16.7%	23.3%	0.0%	10.7%	2.5%	1.0K	-20.9K	-638	96.72	N/A	N/A	0	0	153	161
2014-09-25	$32.05	$35.00	24.3%	6.4%	17.5%	51.4%	0.0%	3.8%	-3.1%	-7.3K	-2.7K	-559	96.17	N/A	N/A	0	0	153	161
2014-09-26	$31.78	$35.00	20.6%	6.2%	17.6%	37.2%	14.7%	4.3%	3.7%	-10.6K	16.0K	-580	98.37	N/A	N/A	0	5	153	161
2014-09-29	$31.34	$25.00	18.8%	6.2%	17.9%	30.2%	0.0%	1.4%	5.1%	-14.0K	25.7K	-602	84.41	N/A	N/A	0	0	153	166
2014-09-30	$30.89	$25.00	19.6%	6.2%	18.4%	33.2%	0.0%	-2.1%	1.9%	-18.0K	42.8K	-573	83.43	N/A	N/A	3	0	153	166