HI Options History — February 2017

In February 2017, HI traded between $35.30 and $37.30. ATM implied volatility averaged 29.3%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 3.7% (HV 20d: 25.5%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.34.

Notable Days

2017-02-17: Highest Volume — 191 contracts
2017-02-22: Largest IV spike — 79.9% change
2017-02-01: Highest IV Rank — 42.0%
2017-02-01: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.56	$35.30	$37.30	$37.00	$36.50
Max Pain	$35.53	$35.00	$45.00	$35.00	$35.00
ATM IV	29.3%	18.8%	46.9%	46.9%	44.8%
Expected Move	8.3%	5.4%	13.4%	13.4%	12.8%
HV 20d	25.5%	17.4%	27.7%	17.4%	25.6%
HV 60d	22.9%	20.4%	27.4%	25.6%	20.7%
IV Rank	19.0%	5.4%	42.0%	42.0%	39.3%
IV Percentile	58.3%	7.9%	99.6%	99.6%	98.8%
Term Structure	-7.6%	-34.1%	10.3%	-29.7%	-26.8%
VWIV	25.9%	20.4%	34.9%	33.2%	34.9%
Skew 25d	4.1%	-10.2%	15.0%	-6.0%	-10.2%
Skew 10d	19.9%	-0.9%	49.5%	3.1%	43.4%
Call IV 25d	23.2%	13.5%	40.9%	39.3%	40.9%
Put IV 25d	27.4%	21.0%	33.5%	33.3%	30.7%
Bid-Ask Spread %	111.66	98.67	126.03	104.36	122.92
Gamma HHI	0.69	0.64	0.74	0.67	0.69
Net GEX	41.8K	32.1K	48.8K	42.4K	46.1K
Net DEX	-582.4K	-751.3K	-344.0K	-639.7K	-639.6K
Net VEX	-4.1K	-4.6K	-3.3K	-4.5K	-3.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.28	0.37	0.28	0.29
Total Volume	185.789	176	191	176	180
Total OI	678.105	638	687	638	670

Daily Data (19 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
2017-02-01	$37.00	$35.00	46.9%	13.4%	17.4%	42.0%	33.2%	-6.0%	-29.7%	42.4K	-639.7K	-4.5K	0.28	104.36	N/A	N/A	138	38	527	111
2017-02-02	$35.42	$45.00	37.5%	11.4%	22.3%	29.7%	26.9%	-8.9%	-20.7%	38.5K	-620.2K	-4.6K	0.36	114.80	N/A	N/A	138	49	560	121
2017-02-03	$36.05	$35.00	24.1%	6.5%	23.6%	12.2%	23.2%	15.0%	-0.6%	33.5K	-450.6K	-3.9K	0.36	109.06	N/A	N/A	138	49	560	123
2017-02-06	$35.30	$35.00	25.4%	5.8%	24.4%	13.9%	20.4%	1.4%	0.5%	32.1K	-344.0K	-3.3K	0.37	109.07	N/A	N/A	138	51	560	123
2017-02-07	$36.05	$35.00	22.4%	5.8%	25.8%	10.0%	20.5%	13.3%	0.7%	35.6K	-454.7K	-3.9K	0.37	110.76	N/A	N/A	139	51	560	125
2017-02-08	$35.75	$35.00	23.0%	6.6%	25.7%	10.9%	23.1%	3.7%	-0.3%	32.4K	-449.3K	-3.9K	0.37	109.28	N/A	N/A	139	51	561	125
2017-02-09	$36.17	$35.00	18.8%	5.4%	26.2%	5.4%	20.5%	13.6%	3.7%	36.5K	-476.0K	-3.8K	0.37	115.68	N/A	N/A	139	51	561	125
2017-02-10	$36.73	$35.00	24.0%	6.9%	26.9%	12.1%	24.2%	9.7%	-2.1%	42.3K	-609.2K	-4.3K	0.37	107.16	N/A	N/A	139	51	562	125
2017-02-13	$37.05	$35.00	24.1%	6.9%	27.1%	12.2%	24.4%	6.6%	10.3%	41.8K	-645.0K	-4.5K	0.37	115.08	N/A	N/A	139	51	562	125
2017-02-14	$36.98	$35.00	20.8%	6.0%	26.9%	8.0%	23.8%	6.4%	4.7%	46.4K	-636.6K	-4.2K	0.37	104.66	N/A	N/A	139	51	562	125
2017-02-15	$37.23	$35.00	35.9%	10.3%	26.9%	27.6%	26.3%	4.6%	-24.9%	47.2K	-684.8K	-4.3K	0.37	125.55	N/A	N/A	139	51	562	125
2017-02-16	$37.10	$35.00	20.8%	5.9%	26.6%	7.9%	23.6%	10.2%	3.7%	47.1K	-650.6K	-4.1K	0.37	98.67	N/A	N/A	139	51	562	125
2017-02-17	$36.42	$35.00	23.0%	6.6%	27.2%	10.9%	23.1%	5.1%	0.4%	43.7K	-580.3K	-3.9K	0.36	113.11	N/A	N/A	140	51	562	125
2017-02-21	$36.92	$35.00	21.8%	6.2%	27.7%	9.2%	23.1%	4.5%	1.8%	46.5K	-606.7K	-4.0K	0.29	103.80	N/A	N/A	139	41	562	108
2017-02-22	$36.92	$35.00	39.1%	11.2%	27.1%	31.9%	32.4%	-2.9%	-12.8%	40.2K	-542.9K	-3.9K	0.29	126.03	N/A	N/A	139	41	562	108
2017-02-23	$36.70	$35.00	22.8%	6.5%	26.5%	10.5%	23.5%	4.3%	-0.5%	45.1K	-609.7K	-4.0K	0.29	102.89	N/A	N/A	139	41	562	108
2017-02-24	$37.10	$35.00	39.4%	11.3%	25.7%	32.3%	32.1%	4.9%	-18.3%	48.8K	-751.3K	-4.0K	0.29	124.29	N/A	N/A	139	41	562	108
2017-02-27	$37.30	$35.00	41.9%	12.0%	25.8%	35.5%	33.5%	3.5%	-34.1%	48.4K	-673.6K	-4.0K	0.29	104.27	N/A	N/A	139	41	562	108
2017-02-28	$36.50	$35.00	44.8%	12.8%	25.6%	39.3%	34.9%	-10.2%	-26.8%	46.1K	-639.6K	-3.9K	0.29	122.92	N/A	N/A	139	41	562	108