HI Options History — November 2017

In November 2017, HI traded between $38.25 and $45.65. ATM implied volatility averaged 33.1%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 5.6% (HV 20d: 27.4%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2017-11-15: Highest Volume — 1,168 contracts
2017-11-03: Largest IV spike — 118.2% change
2017-11-16: Highest IV Rank — 50.0%
2017-11-16: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.49	$38.25	$45.65	$39.70	$45.65
Max Pain	$39.69	$35.00	$40.00	$35.00	$40.00
ATM IV	33.1%	18.6%	53.6%	46.2%	40.8%
Expected Move	8.6%	4.3%	15.4%	13.2%	11.7%
HV 20d	27.4%	14.7%	40.3%	14.7%	39.7%
HV 60d	19.9%	14.6%	25.6%	15.4%	25.5%
IV Rank	24.8%	7.1%	50.0%	40.8%	34.3%
IV Percentile	63.1%	10.3%	95.2%	93.7%	85.7%
Term Structure	-2.8%	-23.9%	24.6%	24.6%	-12.4%
VWIV	34.3%	18.6%	53.1%	35.6%	42.4%
Skew 25d	13.1%	-13.7%	106.0%	23.3%	13.4%
Skew 10d	15.2%	-38.6%	101.9%	26.1%	20.4%
Call IV 25d	27.9%	16.0%	67.2%	33.5%	25.5%
Put IV 25d	41.0%	18.0%	128.8%	56.8%	38.9%
Bid-Ask Spread %	117.21	52.50	133.22	133.22	123.04
Gamma HHI	0.67	0.48	0.78	0.67	0.77
Net GEX	9.6K	3.8K	20.6K	5.4K	20.6K
Net DEX	-603.5K	-5.1M	-55.0K	-56.0K	-400.1K
Net VEX	-454	-1.5K	-240	-277	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.02	2.43	1.27	0.56
Total Volume	126.571	49	1,168	50	133
Total OI	210	68	1,254	68	204

Daily Data (21 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
2017-11-01	$39.70	$35.00	46.2%	13.2%	14.7%	40.8%	35.6%	23.3%	24.6%	5.4K	-56.0K	-277	1.27	133.22	N/A	N/A	22	28	40	28
2017-11-02	$39.95	$0.00	21.2%	4.3%	14.8%	10.3%	0.0%	2.0%	5.1%	7.0K	-65.5K	-275	1.33	124.46	N/A	N/A	21	28	40	28
2017-11-03	$39.90	$0.00	46.3%	8.5%	14.8%	41.0%	0.0%	5.6%	5.6%	6.0K	-57.4K	-325	1.33	126.92	N/A	N/A	21	28	41	28
2017-11-06	$39.98	$0.00	41.9%	5.5%	14.8%	35.6%	0.0%	0.9%	-1.0%	7.5K	-63.9K	-260	1.33	87.94	N/A	N/A	21	28	41	28
2017-11-07	$39.88	$0.00	41.1%	5.8%	14.7%	34.6%	0.0%	0.5%	-2.1%	7.8K	-60.4K	-255	1.33	52.50	N/A	N/A	21	28	41	28
2017-11-08	$39.70	$0.00	18.6%	5.3%	14.9%	7.1%	18.6%	1.2%	-0.2%	6.3K	-59.6K	-262	0.85	113.08	N/A	N/A	33	28	41	28
2017-11-09	$38.67	$40.00	29.5%	8.5%	17.7%	20.5%	21.3%	106.0%	20.1%	4.4K	-55.0K	-379	0.85	130.04	N/A	N/A	33	28	53	28
2017-11-10	$38.85	$40.00	49.6%	14.2%	17.8%	45.0%	49.6%	47.9%	-8.3%	3.8K	-70.6K	-398	0.37	133.03	N/A	N/A	52	19	53	28
2017-11-13	$38.78	$40.00	22.6%	6.5%	17.8%	12.0%	23.3%	-13.1%	-3.2%	12.6K	-72.8K	-297	0.37	117.25	N/A	N/A	52	19	73	29
2017-11-14	$38.80	$40.00	23.4%	6.7%	17.4%	13.0%	23.4%	-2.5%	-3.6%	12.1K	-77.4K	-293	0.45	85.40	N/A	N/A	44	20	73	29
2017-11-15	$38.25	$40.00	37.4%	10.7%	17.3%	30.1%	42.3%	-4.3%	-10.2%	7.4K	-108.7K	-394	0.02	107.98	N/A	N/A	1,148	20	79	30
2017-11-16	$42.30	$40.00	53.6%	15.4%	39.8%	50.0%	52.4%	-13.7%	-23.9%	6.4K	-5.1M	-393	0.53	128.07	N/A	N/A	75	40	1,223	31
2017-11-17	$43.20	$40.00	19.1%	5.5%	40.1%	7.7%	37.3%	4.5%	-1.2%	5.6K	-5.0M	-240	2.43	116.82	N/A	N/A	21	51	1,182	50
2017-11-20	$42.80	$40.00	29.3%	8.4%	40.2%	20.2%	29.5%	5.9%	-0.4%	5.4K	-124.2K	-280	0.66	126.34	N/A	N/A	50	33	44	29
2017-11-21	$43.40	$40.00	25.7%	7.4%	40.3%	15.8%	34.0%	15.0%	-10.5%	15.1K	-186.7K	-538	0.66	126.87	N/A	N/A	50	33	86	34
2017-11-22	$43.60	$40.00	46.6%	13.4%	40.1%	41.4%	53.1%	42.8%	-22.7%	10.3K	-186.3K	-552	0.66	130.85	N/A	N/A	50	33	86	34
2017-11-24	$43.80	$40.00	22.8%	6.5%	39.8%	12.2%	26.1%	9.9%	-5.7%	13.8K	-202.4K	-491	0.66	123.22	N/A	N/A	50	33	83	34
2017-11-27	$44.80	$40.00	23.4%	6.7%	40.3%	13.0%	28.9%	1.9%	-5.3%	14.6K	-229.4K	-492	0.94	118.84	N/A	N/A	35	33	83	34
2017-11-28	$44.40	$40.00	35.0%	10.0%	39.6%	27.2%	45.3%	26.9%	-8.9%	15.2K	-263.3K	-827	0.94	130.80	N/A	N/A	35	33	109	34
2017-11-29	$44.90	$40.00	20.1%	5.8%	39.6%	8.9%	20.6%	1.9%	5.2%	14.5K	-286.6K	-845	0.60	124.78	N/A	N/A	80	48	109	34
2017-11-30	$45.65	$40.00	40.8%	11.7%	39.7%	34.3%	42.4%	13.4%	-12.4%	20.6K	-400.1K	-1.5K	0.56	123.04	N/A	N/A	85	48	155	49