HI Options History — May 2015

In May 2015, HI traded between $28.79 and $32.36. ATM implied volatility averaged 29.1%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 2.2% (HV 20d: 31.3%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 2.63.

Notable Days

  • 2015-05-12: Highest Volume — 2,066 contracts
  • 2015-05-11: Largest IV spike — 70.3% change
  • 2015-05-11: Highest IV Rank — 100.0%
  • 2015-05-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.75$28.79$32.36$29.10$30.76
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV29.1%22.0%51.2%29.5%24.3%
Expected Move7.4%6.3%8.5%8.5%7.0%
HV 20d31.3%15.6%40.4%15.9%39.7%
HV 60d25.0%18.8%28.3%23.3%27.9%
IV Rank49.4%23.6%100.0%65.6%29.8%
IV Percentile77.1%44.0%100.0%95.2%59.5%
Term Structure-1.8%-8.3%6.3%-3.7%-1.2%
VWIV26.0%24.0%29.6%29.6%24.4%
Skew 25d4.6%-4.5%10.7%1.8%2.3%
Skew 10d8.0%-2.0%19.3%-0.0%5.7%
Call IV 25d23.1%15.7%31.9%31.9%24.5%
Put IV 25d27.7%24.1%33.6%33.6%26.8%
Bid-Ask Spread %96.1789.00101.2096.1794.65
Gamma HHI0.560.380.700.400.70
Net GEX-24.1K-79.9K124.3K55-79.9K
Net DEX-99.3K-3.4M1.3M125.1K1.3M
Net VEX-9.6K-14.0K-3.0K-3.2K-13.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.630.0027.000.201.47
Total Volume401.25562,066263217
Total OI2,132.58923,3198922,676

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$29.10$30.0029.5%8.5%15.9%65.6%29.6%1.8%-3.7%55125.1K-3.2K0.2096.17N/AN/A22043572320
2015-05-04$28.79$30.0024.6%7.4%15.9%46.2%25.9%5.5%-2.3%-2.3K187.6K-3.0K0.0189.00N/AN/A1061572320
2015-05-05$28.83$30.0031.5%7.3%15.6%73.2%25.5%4.7%-1.7%4.1K139.3K-3.3K0.2991.93N/AN/A31492644321
2015-05-06$29.06$30.0033.2%7.8%16.0%80.1%27.1%5.4%-3.4%3.4K119.7K-3.7K0.3494.15N/AN/A316106644370
2015-05-07$29.00$30.0033.5%7.4%16.0%81.2%25.8%6.2%-1.9%4.4K108.6K-3.8K0.3491.11N/AN/A316108649370
2015-05-08$28.92$30.0028.3%7.1%15.7%60.6%0.0%6.0%-1.0%4.3K120.9K-3.7K0.0095.69N/AN/A2731649370
2015-05-11$29.00$30.0048.1%7.5%15.7%100.0%26.3%4.7%-1.3%50.9K-113.5K-4.0K0.2996.99N/AN/A898264922371
2015-05-12$31.96$30.0051.2%7.8%38.8%100.0%27.0%8.2%-0.6%124.3K-3.4M-6.2K2.8594.38N/AN/A5371,5291,740567
2015-05-13$31.67$30.0025.8%7.4%38.9%33.7%24.0%-4.5%-3.0%-29.2K-1.5M-13.6K2.4697.05N/AN/A922261,4601,839
2015-05-14$32.20$30.0022.0%6.3%39.2%23.6%25.0%0.6%6.3%-37.6K-1.9M-13.0K1.8196.83N/AN/A1232231,4691,844
2015-05-15$31.57$30.0025.7%7.4%39.3%33.2%24.4%2.9%-4.1%-55.0K-1.5M-13.3K1.8199.27N/AN/A1232231,4551,864
2015-05-18$32.05$30.0026.3%7.5%39.5%34.8%26.6%6.5%-1.2%-46.7K332.1K-12.9K27.0097.66N/AN/A2547981,646
2015-05-19$31.90$30.0025.8%7.4%39.6%33.6%26.1%7.0%-1.8%-44.5K406.9K-13.0K0.0097.29N/AN/A01118001,647
2015-05-20$32.03$30.0024.9%7.1%39.6%31.3%25.2%6.6%-1.5%-58.9K408.8K-13.3K3.3998.57N/AN/A742518001,748
2015-05-21$32.36$30.0023.5%6.7%39.7%27.5%27.2%10.7%-2.2%-50.6K301.4K-14.0K1.71100.25N/AN/A1091868001,798
2015-05-22$31.96$30.0026.6%7.6%39.4%35.7%26.6%6.7%-8.3%-53.6K387.8K-13.5K1.18101.20N/AN/A1161378401,808
2015-05-26$31.24$30.0026.4%7.6%40.4%35.2%26.4%4.5%-1.7%-71.6K857.8K-13.9K1.6397.65N/AN/A811328471,808
2015-05-27$31.38$30.0025.2%7.2%40.3%32.1%25.3%3.1%-1.0%-72.1K834.8K-13.7K1.6397.04N/AN/A811328381,813
2015-05-28$31.31$30.0024.9%7.1%40.0%31.3%25.2%3.1%-0.3%-72.1K897.4K-13.9K1.5796.58N/AN/A811278381,813
2015-05-29$30.76$30.0024.3%7.0%39.7%29.8%24.4%2.3%-1.2%-79.9K1.3M-13.8K1.4794.65N/AN/A881298381,838