HI Options History — April 2017

In April 2017, HI traded between $34.95 and $37.42. ATM implied volatility averaged 24.5%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 6.0% (HV 20d: 18.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.07.

Notable Days

2017-04-03: Highest Volume — 164 contracts
2017-04-12: Largest IV spike — 30.1% change
2017-04-26: Highest IV Rank — 20.9%
2017-04-26: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.97	$34.95	$37.42	$35.25	$36.98
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	24.5%	19.8%	30.7%	22.0%	30.2%
Expected Move	7.4%	5.8%	8.8%	6.3%	8.7%
HV 20d	18.5%	16.2%	20.2%	16.4%	20.2%
HV 60d	21.1%	20.4%	21.8%	20.4%	21.2%
IV Rank	12.8%	6.6%	20.9%	9.5%	20.2%
IV Percentile	49.8%	9.9%	87.3%	25.8%	86.1%
Term Structure	-0.1%	-7.7%	14.6%	4.4%	-7.7%
VWIV	26.3%	20.3%	30.6%	22.3%	30.6%
Skew 25d	4.1%	-2.4%	15.8%	1.2%	9.8%
Skew 10d	8.6%	-1.8%	36.2%	1.6%	16.5%
Call IV 25d	22.5%	17.5%	27.0%	20.4%	20.1%
Put IV 25d	26.6%	21.6%	35.3%	21.6%	29.9%
Bid-Ask Spread %	105.39	91.54	117.20	91.54	107.84
Gamma HHI	0.57	0.48	0.74	0.50	0.72
Net GEX	37.4K	32.2K	43.9K	36.0K	43.9K
Net DEX	-381.6K	-498.6K	-258.9K	-350.8K	-421.2K
Net VEX	-2.4K	-2.7K	-2.0K	-2.6K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.07	0.46	2.08	0.46	1.53
Total Volume	107.421	43	164	164	43
Total OI	595.947	434	655	652	435

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
2017-04-03	$35.25	$35.00	22.0%	6.3%	16.4%	9.5%	22.3%	1.2%	4.4%	36.0K	-350.8K	-2.6K	0.46	91.54	N/A	N/A	112	52	534	118
2017-04-04	$35.50	$35.00	21.4%	6.1%	16.7%	8.8%	22.0%	-2.0%	4.7%	37.4K	-352.9K	-2.5K	0.46	101.64	N/A	N/A	112	52	534	119
2017-04-05	$35.21	$35.00	20.2%	5.8%	16.4%	7.1%	20.3%	-2.4%	5.7%	36.6K	-354.3K	-2.5K	0.46	107.04	N/A	N/A	112	52	534	119
2017-04-06	$35.58	$35.00	20.6%	7.6%	16.8%	7.7%	26.5%	8.1%	-2.6%	37.7K	-367.0K	-2.5K	0.46	103.66	N/A	N/A	112	52	534	119
2017-04-07	$35.65	$35.00	20.3%	7.5%	16.5%	7.2%	26.2%	3.9%	2.9%	36.4K	-338.9K	-2.4K	0.46	112.19	N/A	N/A	112	52	534	119
2017-04-10	$35.58	$35.00	21.2%	7.8%	16.2%	8.5%	27.1%	4.2%	-3.2%	37.0K	-373.5K	-2.5K	0.46	99.74	N/A	N/A	112	52	534	119
2017-04-11	$36.28	$35.00	19.8%	7.6%	17.8%	6.6%	27.2%	-0.1%	-1.5%	38.1K	-430.7K	-2.5K	0.46	105.50	N/A	N/A	112	52	534	119
2017-04-12	$35.35	$35.00	25.7%	7.4%	19.7%	14.3%	25.7%	3.0%	-2.2%	35.7K	-365.6K	-2.4K	1.93	105.02	N/A	N/A	27	52	534	119
2017-04-13	$34.98	$35.00	24.2%	6.9%	19.9%	12.4%	23.9%	2.4%	-1.5%	32.4K	-286.1K	-2.3K	1.93	107.46	N/A	N/A	27	52	534	119
2017-04-17	$34.95	$35.00	26.5%	7.6%	19.9%	15.3%	26.4%	2.5%	-2.4%	36.3K	-282.3K	-2.1K	2.00	100.68	N/A	N/A	27	54	534	119
2017-04-18	$35.05	$35.00	27.3%	7.8%	20.0%	16.4%	27.3%	2.3%	-3.5%	39.3K	-258.9K	-2.0K	2.00	117.20	N/A	N/A	27	54	534	121
2017-04-19	$35.53	$35.00	26.9%	7.7%	17.7%	15.9%	26.9%	3.3%	-2.8%	38.4K	-329.6K	-2.2K	2.08	101.86	N/A	N/A	26	54	534	121
2017-04-20	$36.35	$35.00	23.6%	6.8%	19.1%	11.6%	27.1%	15.8%	4.6%	35.0K	-470.3K	-2.4K	0.89	107.53	N/A	N/A	61	54	534	121
2017-04-21	$36.20	$35.00	27.5%	7.9%	19.0%	16.7%	27.7%	5.8%	-3.0%	32.2K	-460.6K	-2.4K	0.89	109.23	N/A	N/A	61	54	534	121
2017-04-24	$36.88	$35.00	25.0%	7.2%	20.0%	13.4%	25.3%	5.8%	-0.5%	37.6K	-389.6K	-2.3K	0.79	102.20	N/A	N/A	33	26	389	45
2017-04-25	$37.42	$35.00	28.4%	8.1%	19.8%	17.8%	29.1%	1.9%	-1.3%	40.5K	-442.3K	-2.5K	0.79	106.02	N/A	N/A	33	26	390	45
2017-04-26	$37.35	$35.00	30.7%	8.8%	19.7%	20.9%	30.0%	3.2%	-7.4%	39.5K	-498.6K	-2.7K	0.79	110.78	N/A	N/A	33	26	390	45
2017-04-27	$37.40	$35.00	24.5%	7.0%	19.7%	12.7%	27.7%	9.4%	14.6%	40.6K	-477.5K	-2.5K	1.53	105.23	N/A	N/A	17	26	390	45
2017-04-28	$36.98	$35.00	30.2%	8.7%	20.2%	20.2%	30.6%	9.8%	-7.7%	43.9K	-421.2K	-2.3K	1.53	107.84	N/A	N/A	17	26	390	45