HI Options History — July 2017

In July 2017, HI traded between $35.53 and $36.73. ATM implied volatility averaged 34.7%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 19.6% (HV 20d: 15.1%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 4.42.

Notable Days

2017-07-18: Highest Volume — 113 contracts
2017-07-28: Largest IV spike — 186.8% change
2017-07-26: Highest IV Rank — 69.6%
2017-07-26: Largest Expected Move — 19.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.06	$35.53	$36.73	$36.40	$36.13
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	34.7%	19.4%	68.0%	32.1%	25.6%
Expected Move	9.3%	6.0%	19.5%	9.2%	7.3%
HV 20d	15.1%	13.4%	16.3%	15.5%	15.1%
HV 60d	16.9%	15.6%	18.4%	18.0%	15.6%
IV Rank	26.1%	6.1%	69.6%	22.7%	14.2%
IV Percentile	64.9%	11.9%	99.6%	85.7%	62.7%
Term Structure	-7.7%	-39.4%	14.6%	-14.7%	2.6%
VWIV	33.9%	18.6%	73.7%	26.9%	22.4%
Skew 25d	10.8%	-28.5%	68.1%	-1.4%	20.8%
Skew 10d	18.5%	-39.5%	77.4%	42.2%	56.9%
Call IV 25d	26.6%	17.5%	55.0%	26.3%	21.7%
Put IV 25d	37.4%	21.9%	96.7%	24.9%	42.5%
Bid-Ask Spread %	120.59	109.73	133.90	128.73	117.01
Gamma HHI	0.59	0.36	0.82	0.47	0.46
Net GEX	11.0K	-3.1K	25.5K	14.7K	-331
Net DEX	-133.9K	-296.7K	15.2K	-167.6K	2.5K
Net VEX	-567	-1.0K	-417	-806	-419
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.42	1.17	11.33	3.81	6.80
Total Volume	70.4	37	113	77	39
Total OI	373	93	506	488	96

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
2017-07-03	$36.40	$35.00	32.1%	9.2%	15.5%	22.7%	26.9%	-1.4%	-14.7%	14.7K	-167.6K	-806	3.81	128.73	N/A	N/A	16	61	401	87
2017-07-05	$36.17	$35.00	67.7%	19.4%	15.0%	69.2%	73.7%	40.9%	-25.0%	25.4K	-169.8K	-1.0K	3.81	129.11	N/A	N/A	16	61	401	87
2017-07-06	$35.55	$0.00	23.7%	7.8%	16.3%	11.8%	0.0%	-1.7%	-6.4%	13.9K	-115.9K	-742	3.81	109.73	N/A	N/A	16	61	401	87
2017-07-07	$35.53	$0.00	19.4%	6.7%	15.1%	6.1%	0.0%	3.3%	-2.0%	20.2K	-107.4K	-739	3.81	116.57	N/A	N/A	16	61	401	87
2017-07-10	$35.55	$0.00	49.5%	7.3%	15.1%	45.4%	0.0%	3.2%	-3.9%	17.8K	-68.0K	-732	3.81	114.67	N/A	N/A	16	61	401	87
2017-07-11	$35.70	$0.00	57.1%	7.4%	15.2%	55.4%	0.0%	-28.5%	-9.7%	16.7K	-241.9K	-417	3.81	113.82	N/A	N/A	16	61	401	87
2017-07-12	$36.15	$0.00	23.9%	6.9%	15.9%	12.0%	23.9%	-0.6%	-1.6%	13.0K	-178.6K	-581	3.39	114.01	N/A	N/A	18	61	401	87
2017-07-13	$35.88	$35.00	24.3%	7.0%	16.1%	12.5%	24.3%	1.1%	-1.8%	25.5K	-176.7K	-582	3.39	116.20	N/A	N/A	18	61	403	87
2017-07-14	$35.98	$35.00	34.8%	10.0%	15.0%	26.2%	34.7%	6.7%	-13.5%	16.9K	-196.1K	-562	3.39	119.81	N/A	N/A	18	61	403	87
2017-07-17	$36.23	$35.00	24.1%	6.9%	15.0%	12.2%	24.0%	14.4%	-1.6%	13.2K	-197.5K	-526	3.39	111.69	N/A	N/A	18	61	403	87
2017-07-18	$35.95	$35.00	30.4%	8.7%	14.2%	20.5%	31.4%	38.7%	-9.7%	16.0K	-224.1K	-474	1.17	118.71	N/A	N/A	52	61	403	87
2017-07-19	$36.48	$35.00	20.9%	6.0%	14.5%	8.1%	18.6%	5.2%	3.9%	14.4K	-262.4K	-532	1.79	116.60	N/A	N/A	34	61	419	87
2017-07-20	$36.45	$35.00	24.5%	7.0%	13.4%	12.8%	24.5%	7.2%	-2.4%	13.0K	-262.6K	-489	1.79	119.34	N/A	N/A	34	61	417	87
2017-07-21	$36.08	$35.00	21.4%	6.2%	13.8%	8.8%	21.7%	2.9%	1.0%	778	-296.7K	-463	1.79	124.22	N/A	N/A	34	61	417	87
2017-07-24	$35.92	$35.00	23.5%	6.7%	13.9%	11.5%	23.7%	4.5%	14.6%	566	-4.2K	-452	11.33	122.67	N/A	N/A	3	34	36	57
2017-07-25	$36.73	$35.00	35.7%	10.2%	15.7%	27.5%	42.2%	-2.3%	-15.8%	241	-12.1K	-460	6.80	125.52	N/A	N/A	5	34	36	57
2017-07-26	$36.28	$35.00	68.0%	19.5%	16.1%	69.6%	66.7%	32.7%	-39.4%	476	-428	-465	6.80	133.90	N/A	N/A	5	34	39	57
2017-07-27	$36.08	$35.00	22.7%	6.5%	15.7%	10.5%	23.4%	1.0%	-2.1%	1.7K	-13.7K	-438	6.80	128.13	N/A	N/A	5	34	39	57
2017-07-28	$36.00	$35.00	65.2%	18.7%	15.3%	65.9%	60.7%	68.1%	-27.1%	-3.1K	15.2K	-429	6.80	131.35	N/A	N/A	5	34	39	57
2017-07-31	$36.13	$35.00	25.6%	7.3%	15.1%	14.2%	22.4%	20.8%	2.6%	-331	2.5K	-419	6.80	117.01	N/A	N/A	5	34	39	57