HI Options History — September 2017

In September 2017, HI traded between $35.13 and $39.45. ATM implied volatility averaged 38.8%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 23.9% (HV 20d: 14.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.53.

Notable Days

2017-09-18: Highest Volume — 107 contracts
2017-09-11: Largest IV spike — 299.6% change
2017-09-05: Highest IV Rank — 100.0%
2017-09-01: Largest Expected Move — 18.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.95	$35.13	$39.45	$35.70	$38.85
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	38.8%	14.5%	94.5%	63.6%	14.5%
Expected Move	7.1%	4.2%	18.2%	18.2%	4.2%
HV 20d	14.9%	11.3%	17.5%	16.6%	14.6%
HV 60d	15.6%	15.1%	16.0%	15.6%	15.7%
IV Rank	33.1%	0.0%	100.0%	91.7%	0.0%
IV Percentile	58.5%	0.0%	100.0%	98.8%	0.0%
Term Structure	2.3%	-39.1%	28.5%	-39.1%	24.9%
VWIV	24.7%	14.4%	37.8%	20.7%	17.1%
Skew 25d	1.7%	-29.9%	50.5%	47.4%	-8.6%
Skew 10d	10.5%	-48.7%	105.4%	104.9%	-48.7%
Call IV 25d	26.2%	10.8%	49.6%	34.8%	23.7%
Put IV 25d	27.9%	15.1%	82.2%	82.2%	15.1%
Bid-Ask Spread %	119.85	109.98	133.16	133.16	118.28
Gamma HHI	0.61	0.41	0.87	0.51	0.86
Net GEX	4.0K	448	8.6K	2.5K	8.6K
Net DEX	-76.0K	-141.9K	-7.3K	-43.7K	-131.4K
Net VEX	-646	-811	-321	-769	-352
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.49	0.57	0.52	0.56
Total Volume	100.2	96	107	99	98
Total OI	137.25	119	148	136	122

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
2017-09-01	$35.70	$0.00	63.6%	18.2%	16.6%	91.7%	0.0%	47.4%	-39.1%	2.5K	-43.7K	-769	0.52	133.16	N/A	N/A	65	34	79	57
2017-09-05	$35.15	$35.00	86.6%	5.7%	17.2%	100.0%	20.7%	-28.6%	-3.6%	966	-12.3K	-589	0.52	111.19	N/A	N/A	65	34	79	57
2017-09-06	$35.20	$35.00	32.4%	5.6%	16.6%	24.6%	19.9%	-14.4%	1.5%	782	-9.6K	-653	0.52	110.56	N/A	N/A	65	34	79	57
2017-09-07	$35.13	$35.00	77.1%	5.7%	16.5%	86.8%	20.6%	-16.2%	0.9%	448	-7.3K	-659	0.52	115.19	N/A	N/A	65	34	79	57
2017-09-08	$35.42	$35.00	22.3%	5.8%	16.7%	10.6%	20.5%	-13.1%	0.6%	901	-17.7K	-659	0.52	110.16	N/A	N/A	65	34	79	57
2017-09-11	$35.90	$35.00	89.2%	5.7%	17.5%	100.0%	21.3%	-29.9%	1.4%	1.5K	-36.9K	-668	0.52	109.98	N/A	N/A	65	34	79	57
2017-09-12	$36.28	$35.00	94.5%	6.0%	16.6%	100.0%	21.8%	37.4%	-1.4%	1.2K	-42.5K	-649	0.52	119.67	N/A	N/A	65	34	79	57
2017-09-13	$36.38	$35.00	19.0%	5.4%	16.2%	5.3%	20.5%	-28.3%	2.8%	2.2K	-52.8K	-681	0.54	111.47	N/A	N/A	65	35	79	58
2017-09-14	$36.40	$35.00	19.3%	5.5%	16.2%	5.7%	19.8%	3.2%	1.3%	1.7K	-59.9K	-661	0.54	116.57	N/A	N/A	65	35	79	58
2017-09-15	$36.67	$35.00	20.0%	5.7%	14.0%	6.6%	23.6%	-29.3%	1.1%	2.2K	-80.3K	-695	0.54	130.12	N/A	N/A	65	35	79	58
2017-09-18	$37.23	$35.00	16.5%	4.7%	14.0%	2.3%	14.4%	10.8%	13.5%	3.4K	-85.8K	-645	0.49	114.50	N/A	N/A	72	35	79	58
2017-09-19	$37.30	$35.00	17.7%	5.1%	13.7%	3.8%	15.1%	14.1%	17.8%	5.5K	-97.9K	-738	0.49	121.50	N/A	N/A	72	35	89	58
2017-09-20	$37.65	$35.00	25.2%	7.2%	13.6%	13.2%	37.2%	9.6%	28.5%	5.4K	-109.2K	-811	0.49	128.58	N/A	N/A	72	35	89	58
2017-09-21	$37.50	$35.00	29.6%	8.5%	13.6%	18.6%	37.5%	1.5%	-26.8%	5.7K	-107.3K	-787	0.49	132.15	N/A	N/A	72	35	89	58
2017-09-22	$37.63	$35.00	25.4%	7.3%	13.5%	13.4%	25.1%	5.3%	8.8%	6.2K	-112.3K	-741	0.56	119.22	N/A	N/A	63	35	89	58
2017-09-25	$37.83	$35.00	28.0%	8.0%	13.5%	16.6%	37.8%	6.3%	10.6%	6.9K	-113.9K	-782	0.56	127.69	N/A	N/A	63	35	90	58
2017-09-26	$38.25	$35.00	32.4%	9.3%	11.3%	22.2%	37.2%	2.7%	5.6%	8.3K	-141.9K	-699	0.57	124.43	N/A	N/A	61	35	90	58
2017-09-27	$39.10	$35.00	31.5%	9.0%	12.9%	21.0%	27.6%	50.5%	2.5%	7.3K	-123.5K	-358	0.56	121.44	N/A	N/A	62	35	61	58
2017-09-28	$39.45	$35.00	31.0%	8.9%	12.9%	20.3%	31.0%	13.3%	-4.7%	7.8K	-134.0K	-321	0.57	121.11	N/A	N/A	61	35	62	58
2017-09-29	$38.85	$35.00	14.5%	4.2%	14.6%	0.0%	17.1%	-8.6%	24.9%	8.6K	-131.4K	-352	0.56	118.28	N/A	N/A	63	35	64	58