HI Options History — July 2016

In July 2016, HI traded between $29.66 and $32.60. ATM implied volatility averaged 27.7%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 5.1% (HV 20d: 32.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 5.10.

Notable Days

2016-07-27: Highest Volume — 176 contracts
2016-07-12: Largest IV spike — 62.0% change
2016-07-12: Highest IV Rank — 95.3%
2016-07-27: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.64	$29.66	$32.60	$30.04	$32.39
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	27.7%	21.3%	42.3%	21.3%	28.3%
Expected Move	7.9%	6.1%	11.5%	6.1%	8.1%
HV 20d	32.8%	16.4%	38.5%	35.7%	16.4%
HV 60d	24.7%	24.3%	24.8%	24.3%	24.8%
IV Rank	40.1%	15.6%	95.3%	15.6%	42.4%
IV Percentile	50.1%	4.8%	99.6%	4.8%	58.3%
Term Structure	0.6%	-3.5%	7.6%	4.7%	6.3%
VWIV	28.8%	21.3%	36.7%	21.3%	33.7%
Skew 25d	5.8%	0.3%	37.0%	37.0%	4.2%
Skew 10d	14.7%	1.8%	60.5%	60.5%	6.7%
Call IV 25d	24.8%	18.6%	29.2%	27.5%	29.2%
Put IV 25d	30.6%	24.5%	64.5%	64.5%	33.3%
Bid-Ask Spread %	92.55	84.32	105.37	97.52	89.03
Gamma HHI	0.60	0.39	0.94	0.93	0.48
Net GEX	20.3K	-5.4K	81.3K	73.4K	2.4K
Net DEX	-386.9K	-937.8K	-24.3K	-445.6K	-75.3K
Net VEX	-860	-1.1K	-581	-1.1K	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.10	1.32	14.30	4.50	1.32
Total Volume	137.95	97	176	121	176
Total OI	369.35	172	510	481	317

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-07-01	$30.04	$30.00	21.3%	6.1%	35.7%	15.6%	21.3%	37.0%	4.7%	73.4K	-445.6K	-1.1K	4.50	97.52	N/A	N/A	22	99	347	134
2016-07-05	$29.66	$30.00	25.1%	7.5%	35.8%	30.0%	26.1%	0.9%	-2.6%	69.7K	-359.8K	-1.0K	4.50	94.72	N/A	N/A	22	99	347	134
2016-07-06	$29.94	$30.00	23.8%	7.4%	36.1%	25.2%	25.9%	2.1%	-2.4%	81.3K	-416.5K	-1.0K	4.50	94.19	N/A	N/A	22	99	347	134
2016-07-07	$30.27	$30.00	26.0%	7.4%	36.4%	33.5%	25.6%	2.4%	-2.3%	77.1K	-523.2K	-950	3.96	95.90	N/A	N/A	25	99	347	134
2016-07-08	$31.24	$30.00	24.9%	8.0%	38.2%	29.5%	27.7%	6.9%	-3.1%	48.8K	-755.2K	-803	4.12	95.23	N/A	N/A	25	103	349	134
2016-07-11	$31.43	$30.00	26.1%	8.1%	37.9%	33.9%	28.1%	7.1%	-3.2%	23.6K	-883.6K	-582	3.81	95.58	N/A	N/A	27	103	349	134
2016-07-12	$32.11	$30.00	42.3%	8.2%	38.4%	95.3%	27.6%	2.8%	-1.2%	10.4K	-937.8K	-581	4.25	92.11	N/A	N/A	28	119	353	134
2016-07-13	$32.01	$30.00	28.4%	8.1%	38.4%	42.7%	27.8%	5.8%	-1.4%	7.5K	-922.9K	-691	4.25	90.22	N/A	N/A	28	119	355	151
2016-07-14	$31.89	$30.00	24.8%	7.1%	38.5%	29.0%	27.3%	4.4%	5.5%	10.8K	-916.6K	-673	4.39	103.96	N/A	N/A	28	123	355	151
2016-07-15	$32.11	$30.00	24.3%	7.0%	38.4%	27.0%	26.1%	3.0%	4.7%	3.4K	-930.6K	-667	4.07	102.13	N/A	N/A	28	114	355	155
2016-07-18	$31.97	$30.00	28.6%	8.2%	38.4%	43.3%	28.7%	1.4%	-1.1%	2.9K	-80.2K	-739	8.70	87.17	N/A	N/A	10	87	77	95
2016-07-19	$31.88	$30.00	28.4%	8.1%	38.0%	42.5%	28.4%	0.3%	-1.4%	2.9K	-78.5K	-722	8.70	86.15	N/A	N/A	10	87	77	95
2016-07-20	$32.15	$30.00	24.9%	7.1%	38.0%	29.5%	29.1%	10.0%	6.7%	3.1K	-91.8K	-715	14.30	90.87	N/A	N/A	10	143	77	95
2016-07-21	$31.97	$30.00	29.8%	8.6%	38.0%	48.1%	30.1%	1.1%	-2.9%	-4.0K	-38.6K	-875	10.30	84.32	N/A	N/A	10	103	77	154
2016-07-22	$32.17	$30.00	26.0%	7.5%	37.8%	33.5%	31.7%	7.8%	7.6%	-5.1K	-24.3K	-945	10.30	87.45	N/A	N/A	10	103	77	174
2016-07-25	$32.02	$30.00	31.7%	9.1%	19.3%	55.3%	31.8%	2.0%	-2.8%	-5.4K	-32.1K	-882	1.72	86.45	N/A	N/A	60	103	77	174
2016-07-26	$32.31	$30.00	26.4%	7.6%	19.1%	35.2%	31.4%	5.6%	6.6%	-527	-56.2K	-1.0K	1.59	88.28	N/A	N/A	63	100	127	174
2016-07-27	$32.60	$30.00	40.1%	11.5%	19.0%	87.0%	31.2%	2.7%	-3.5%	1.1K	-82.4K	-1.0K	1.32	105.37	N/A	N/A	76	100	130	174
2016-07-28	$32.60	$30.00	23.4%	6.7%	18.7%	23.9%	36.7%	9.6%	-3.1%	2.7K	-87.3K	-1.1K	1.32	84.34	N/A	N/A	76	100	143	174
2016-07-29	$32.39	$30.00	28.3%	8.1%	16.4%	42.4%	33.7%	4.2%	6.3%	2.4K	-75.3K	-1.0K	1.32	89.03	N/A	N/A	76	100	143	174