HI Options History — April 2015

In April 2015, HI traded between $29.48 and $30.99. ATM implied volatility averaged 28.5%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 9.8% (HV 20d: 18.7%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.22.

Notable Days

  • 2015-04-17: Highest Volume — 639 contracts
  • 2015-04-08: Largest IV spike — 7.4% change
  • 2015-04-30: Highest IV Rank — 73.4%
  • 2015-04-30: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.47$29.48$30.99$30.99$29.48
Max Pain$34.76$30.00$35.00$30.00$35.00
ATM IV28.5%24.9%31.5%24.9%31.5%
Expected Move8.3%7.1%9.0%7.1%9.0%
HV 20d18.7%13.3%24.1%24.0%15.6%
HV 60d24.4%23.1%25.6%25.6%23.2%
IV Rank61.6%47.3%73.4%47.3%73.4%
IV Percentile92.1%76.6%98.4%76.6%98.4%
Term Structure-3.1%-5.3%2.6%2.6%-5.3%
VWIV28.0%24.6%31.5%24.9%31.5%
Skew 25d3.7%-1.5%6.4%4.9%1.3%
Skew 10d7.0%-2.7%41.2%41.2%1.1%
Call IV 25d25.9%21.1%32.9%24.9%32.9%
Put IV 25d29.6%26.1%34.2%29.8%34.1%
Bid-Ask Spread %93.8780.6597.3289.8195.01
Gamma HHI0.570.430.660.540.43
Net GEX29.0K1.8K55.9K33.7K1.8K
Net DEX-440.3K-908.0K83.0K-680.6K83.0K
Net VEX-3.7K-4.3K-3.0K-4.3K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.150.350.220.20
Total Volume399.8570639523263
Total OI1,098.3817701,3251,280883

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$30.99$30.0024.9%7.1%24.0%47.3%24.9%4.9%2.6%33.7K-680.6K-4.3K0.2289.81N/AN/A42796888392
2015-04-02$30.74$35.0025.2%7.7%24.1%48.5%24.6%-1.5%-1.8%36.7K-614.4K-4.1K0.1989.87N/AN/A42782888385
2015-04-06$30.89$35.0025.5%8.1%22.8%49.7%26.0%6.4%-2.7%39.2K-682.6K-3.9K0.2095.07N/AN/A40382888386
2015-04-07$30.51$35.0026.3%7.9%23.0%52.9%25.9%4.7%-1.2%42.3K-545.9K-3.9K0.2094.06N/AN/A40382889386
2015-04-08$30.57$35.0028.3%8.1%22.3%60.6%0.0%4.9%-3.3%46.4K-562.4K-3.8K0.0095.05N/AN/A00889386
2015-04-09$30.50$35.0028.2%8.1%21.6%60.5%26.7%4.4%-3.3%49.6K-530.6K-3.7K0.2093.74N/AN/A40382889386
2015-04-10$30.67$35.0027.7%7.9%20.0%58.2%26.2%5.3%-2.8%47.0K-651.4K-3.7K0.2094.69N/AN/A40382889386
2015-04-13$30.78$35.0028.8%8.3%17.8%62.7%26.7%6.0%-4.1%45.9K-719.2K-3.5K0.2095.81N/AN/A46292889386
2015-04-14$30.57$35.0028.1%8.1%17.4%59.9%27.0%5.1%-3.5%55.9K-693.1K-3.5K0.2095.55N/AN/A46292939386
2015-04-15$30.81$35.0027.5%7.9%17.4%57.5%26.8%5.4%-2.4%42.1K-908.0K-3.4K0.1897.32N/AN/A46282936386
2015-04-16$30.68$35.0028.6%8.2%17.5%61.8%27.6%4.4%-3.3%49.1K-899.7K-3.2K0.1894.66N/AN/A46282936376
2015-04-17$30.10$35.0028.9%8.3%19.0%63.1%28.4%2.1%-3.9%37.1K-893.0K-3.0K0.1593.92N/AN/A55782936376
2015-04-20$30.33$35.0029.2%8.4%17.8%64.2%28.6%3.4%-2.0%12.0K-161.7K-3.2K0.2395.28N/AN/A25558519251
2015-04-21$30.35$35.0029.1%8.3%17.6%64.0%28.9%1.4%-2.4%12.8K-164.8K-3.5K0.2380.65N/AN/A25558549251
2015-04-22$30.50$35.0029.8%8.5%17.6%66.6%29.6%3.7%-3.5%13.8K-178.8K-3.5K0.3595.40N/AN/A25588549251
2015-04-23$30.59$35.0029.0%8.3%16.4%63.3%28.7%3.9%-2.9%12.2K-154.6K-3.8K0.3195.15N/AN/A21668549291
2015-04-24$30.07$35.0029.5%8.5%17.2%65.5%29.4%2.2%-3.5%7.8K-66.1K-3.9K0.3395.05N/AN/A21269560311
2015-04-27$30.17$35.0030.9%8.8%17.2%70.8%30.9%2.4%-4.9%7.7K-62.0K-3.8K0.2594.57N/AN/A21254561312
2015-04-28$30.51$35.0031.1%8.9%13.3%71.7%31.0%4.5%-4.8%9.4K-105.4K-4.0K0.2595.64N/AN/A21254561317
2015-04-29$30.16$35.0031.2%9.0%13.8%72.3%31.2%2.3%-5.1%7.1K-55.8K-3.8K0.2194.95N/AN/A21645561317
2015-04-30$29.48$35.0031.5%9.0%15.6%73.4%31.5%1.3%-5.3%1.8K83.0K-3.5K0.2095.01N/AN/A22043565318