HI Options History — January 2018

In January 2018, HI traded between $44.05 and $45.48. ATM implied volatility averaged 31.1%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 16.9% (HV 20d: 14.1%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 3.23.

Notable Days

  • 2018-01-31: Highest Volume — 246 contracts
  • 2018-01-03: Largest IV spike — 102.4% change
  • 2018-01-31: Highest IV Rank — 36.5%
  • 2018-01-31: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.82$44.05$45.48$44.90$44.23
Max Pain$46.58$45.00$50.00$45.00$45.00
ATM IV31.1%18.9%56.0%18.9%56.0%
Expected Move9.5%5.4%16.1%5.4%16.1%
HV 20d14.1%11.6%16.2%15.4%16.2%
HV 60d26.8%26.4%27.1%26.5%26.8%
IV Rank15.4%5.2%36.5%5.2%36.5%
IV Percentile61.5%9.5%94.0%9.5%94.0%
Term Structure-3.5%-19.2%20.6%20.6%-16.3%
VWIV30.0%14.0%57.1%18.8%45.3%
Skew 25d14.2%-10.8%39.4%1.5%-10.8%
Skew 10d14.4%-29.3%50.4%2.8%-7.1%
Call IV 25d28.5%17.3%48.2%17.3%48.2%
Put IV 25d42.7%18.8%62.5%18.8%37.5%
Bid-Ask Spread %114.64102.75122.31112.58103.08
Gamma HHI0.910.830.940.890.91
Net GEX-540-29.0K29.3K-19.1K21.9K
Net DEX-178.1K-586.8K72.5K-34.0K-253.5K
Net VEX-1.4K-1.7K-1.2K-1.7K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.230.197.407.400.55
Total Volume153.38126246168246
Total OI288.286195402323199

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$44.90$45.0018.9%5.4%15.4%5.2%18.8%1.5%20.6%-19.1K-34.0K-1.7K7.40112.58N/AN/A20148150173
2018-01-03$45.05$45.0038.3%11.0%15.4%21.5%57.1%39.4%19.3%-29.0K-30.3K-1.6K7.40121.03N/AN/A20148150173
2018-01-04$45.00$0.0024.0%13.1%11.6%9.5%0.0%6.2%-19.2%-13.5K-93.6K-1.7K6.85118.20N/AN/A20137150173
2018-01-05$44.25$0.0023.1%9.2%12.3%8.7%26.8%17.5%-12.6%-13.6K24.7K-1.6K6.52109.28N/AN/A21137150179
2018-01-08$44.25$50.0020.8%9.4%12.1%6.8%26.5%18.0%-11.9%-16.5K16.2K-1.5K6.52111.59N/AN/A21137151179
2018-01-09$44.38$50.0022.8%7.5%12.1%8.4%24.3%1.5%-2.6%-18.4K-15.1K-1.5K6.52102.75N/AN/A21137151179
2018-01-10$44.05$50.0029.0%8.3%12.1%13.7%14.0%27.6%-6.4%-17.7K72.5K-1.4K5.96110.78N/AN/A23137151179
2018-01-11$45.10$50.0026.1%7.5%13.4%11.2%23.4%6.7%-3.9%-26.1K-84.8K-1.5K5.96111.76N/AN/A23137151179
2018-01-12$44.70$50.0026.2%7.5%13.5%11.3%20.7%8.9%-4.1%-23.9K-64.6K-1.4K5.96105.88N/AN/A23137151179
2018-01-16$44.55$50.0023.6%6.8%13.4%9.2%23.4%15.6%-0.6%-26.2K-56.3K-1.3K1.44113.99N/AN/A95137151179
2018-01-17$45.08$45.0029.0%8.3%14.0%13.7%29.0%11.0%-5.0%-16.8K-256.7K-1.6K1.44113.97N/AN/A95137223179
2018-01-18$44.73$45.0038.8%11.1%13.8%22.0%38.7%33.4%-15.7%-19.7K-214.3K-1.5K1.44120.60N/AN/A95137223179
2018-01-19$45.48$45.0043.2%12.4%15.0%25.7%40.1%27.3%-16.7%21.0K-586.8K-1.4K1.37121.94N/AN/A100137223179
2018-01-22$45.15$45.0030.5%8.7%14.8%14.9%30.5%9.7%-5.3%23.7K-332.5K-1.4K0.19115.63N/AN/A791515639
2018-01-23$44.95$45.0032.3%9.3%14.9%16.5%32.3%13.0%2.3%22.4K-314.4K-1.4K0.19106.78N/AN/A801515640
2018-01-24$44.75$45.0027.2%7.8%14.8%12.1%25.6%7.6%2.2%25.9K-286.7K-1.4K0.19121.71N/AN/A801515640
2018-01-25$45.33$45.0039.9%11.4%15.5%22.9%32.3%13.2%2.0%28.8K-309.4K-1.3K0.19121.56N/AN/A801515640
2018-01-26$45.40$45.0028.3%8.1%15.5%13.1%28.1%30.2%-3.6%29.3K-333.7K-1.3K0.19121.62N/AN/A801515640
2018-01-29$45.18$45.0032.0%9.2%15.6%16.2%29.6%7.1%0.4%28.2K-320.9K-1.3K0.19120.44N/AN/A801515640
2018-01-30$44.68$45.0042.2%12.1%15.9%24.9%34.3%12.8%2.8%28.0K-266.4K-1.2K1.36122.31N/AN/A111515640
2018-01-31$44.23$45.0056.0%16.1%16.2%36.5%45.3%-10.8%-16.3%21.9K-253.5K-1.2K0.55103.08N/AN/A1598715940