HI Options History — August 2017

In August 2017, HI traded between $35.10 and $36.98. ATM implied volatility averaged 26.1%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 9.5% (HV 20d: 16.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 3.10.

Notable Days

2017-08-24: Highest Volume — 99 contracts
2017-08-03: Largest IV spike — 66.6% change
2017-08-03: Highest IV Rank — 54.6%
2017-08-03: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.00	$35.10	$36.98	$36.05	$35.70
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	26.1%	15.0%	56.5%	41.9%	29.1%
Expected Move	7.1%	4.3%	12.4%	12.0%	8.3%
HV 20d	16.5%	14.3%	18.4%	15.1%	17.7%
HV 60d	15.9%	15.2%	16.6%	15.2%	15.9%
IV Rank	14.8%	0.4%	54.6%	35.5%	18.7%
IV Percentile	47.4%	0.4%	98.0%	92.9%	77.0%
Term Structure	-1.7%	-11.0%	16.9%	-6.2%	-6.7%
VWIV	35.2%	33.9%	36.5%	36.5%	33.9%
Skew 25d	12.5%	-6.4%	88.0%	33.1%	-6.4%
Skew 10d	36.1%	0.3%	141.7%	53.5%	37.0%
Call IV 25d	22.2%	13.4%	33.4%	26.4%	27.2%
Put IV 25d	34.7%	19.1%	105.8%	59.5%	20.9%
Bid-Ask Spread %	120.95	108.56	134.02	128.66	130.40
Gamma HHI	0.42	0.35	0.63	0.35	0.57
Net GEX	1.4K	-1.8K	4.7K	-1.0K	2.9K
Net DEX	-37.5K	-106.2K	18.0K	7.2K	-48.0K
Net VEX	-475	-765	-319	-453	-654
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.10	0.52	11.33	6.80	0.52
Total Volume	64.739	37	99	39	99
Total OI	112.783	92	136	96	136

Daily Data (23 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
2017-08-01	$36.05	$35.00	41.9%	12.0%	15.1%	35.5%	36.5%	33.1%	-6.2%	-1.0K	7.2K	-453	6.80	128.66	N/A	N/A	5	34	39	57
2017-08-02	$35.78	$35.00	33.9%	9.7%	15.2%	25.1%	33.9%	6.3%	-11.0%	36	3.9K	-424	1.55	110.66	N/A	N/A	22	34	39	57
2017-08-03	$36.15	$0.00	56.5%	12.4%	14.3%	54.6%	0.0%	39.5%	-6.6%	4.7K	-30.2K	-504	1.55	132.35	N/A	N/A	22	34	60	57
2017-08-04	$36.75	$0.00	21.9%	4.6%	15.3%	9.4%	0.0%	-0.8%	5.5%	3.7K	-88.3K	-411	1.55	114.39	N/A	N/A	22	34	57	57
2017-08-07	$36.55	$0.00	23.8%	5.6%	15.5%	11.9%	0.0%	4.5%	1.0%	4.7K	-89.5K	-395	1.70	110.48	N/A	N/A	20	34	57	57
2017-08-08	$36.95	$0.00	26.4%	5.7%	15.8%	15.3%	0.0%	3.6%	2.2%	3.6K	-103.7K	-364	11.33	122.66	N/A	N/A	3	34	58	57
2017-08-09	$36.70	$0.00	29.7%	8.5%	15.6%	19.6%	0.0%	-1.9%	-10.8%	2.4K	-60.9K	-439	11.33	129.25	N/A	N/A	3	34	58	57
2017-08-10	$36.38	$0.00	23.3%	6.7%	15.7%	11.2%	0.0%	5.4%	-1.6%	3.8K	-70.5K	-418	6.80	120.23	N/A	N/A	5	34	58	57
2017-08-11	$36.30	$0.00	23.2%	6.7%	15.7%	11.1%	0.0%	48.4%	16.9%	4.2K	-50.7K	-435	8.50	125.13	N/A	N/A	4	34	55	57
2017-08-14	$36.98	$0.00	21.1%	6.1%	16.8%	8.4%	0.0%	8.8%	-0.7%	1.4K	-106.2K	-319	8.50	108.56	N/A	N/A	4	34	54	57
2017-08-15	$36.58	$0.00	22.4%	6.4%	17.1%	10.0%	0.0%	2.2%	-5.9%	3.5K	-74.9K	-339	1.55	123.77	N/A	N/A	22	34	54	57
2017-08-16	$36.63	$0.00	24.3%	7.0%	16.3%	12.5%	0.0%	-6.2%	0.1%	-763	-29.8K	-344	0.83	134.02	N/A	N/A	41	34	35	57
2017-08-17	$35.80	$0.00	29.7%	8.5%	18.2%	19.6%	0.0%	4.7%	-8.5%	4.3K	-63.1K	-421	0.83	124.15	N/A	N/A	41	34	54	57
2017-08-18	$35.38	$0.00	22.2%	6.4%	18.4%	9.8%	0.0%	0.0%	-1.4%	-1.4K	-47.5K	-441	1.21	121.38	N/A	N/A	28	34	54	57
2017-08-21	$35.23	$0.00	15.0%	4.3%	18.4%	0.4%	0.0%	88.0%	6.1%	-1.5K	18.0K	-427	1.36	129.95	N/A	N/A	25	34	39	57
2017-08-22	$35.65	$0.00	21.4%	6.1%	16.9%	8.7%	0.0%	1.3%	-2.3%	-1.4K	7.9K	-411	1.36	116.13	N/A	N/A	25	34	39	57
2017-08-23	$35.55	$0.00	30.0%	8.6%	16.4%	19.9%	0.0%	6.3%	-9.1%	-1.8K	11.0K	-399	1.36	123.08	N/A	N/A	25	34	39	57
2017-08-24	$35.48	$0.00	20.6%	5.9%	16.4%	7.7%	0.0%	0.5%	-2.0%	-1.7K	13.1K	-384	0.52	115.42	N/A	N/A	65	34	39	57
2017-08-25	$35.73	$0.00	22.5%	6.4%	16.6%	10.1%	0.0%	2.0%	-1.9%	1.8K	-32.7K	-765	0.52	116.55	N/A	N/A	65	34	79	57
2017-08-28	$35.10	$0.00	21.1%	6.1%	17.6%	8.4%	0.0%	-0.0%	-1.1%	1.1K	-14.5K	-727	0.52	112.90	N/A	N/A	65	34	79	57
2017-08-29	$35.28	$0.00	20.8%	5.9%	17.8%	7.9%	0.0%	-0.1%	4.0%	-94	-46	-736	0.52	111.26	N/A	N/A	65	34	79	57
2017-08-30	$35.28	$0.00	18.6%	5.3%	17.6%	5.1%	0.0%	48.3%	0.9%	953	-13.7K	-710	0.52	120.41	N/A	N/A	65	34	79	57
2017-08-31	$35.70	$0.00	29.1%	8.3%	17.7%	18.7%	0.0%	-6.4%	-6.7%	2.9K	-48.0K	-654	0.52	130.40	N/A	N/A	65	34	79	57