HI Options History — February 2018

In February 2018, HI traded between $43.05 and $45.83. ATM implied volatility averaged 23.4%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 3.6% (HV 20d: 27.0%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.77.

Notable Days

  • 2018-02-13: Highest Volume — 274 contracts
  • 2018-02-02: Largest IV drop — 59.5% change
  • 2018-02-01: Highest IV Rank — 28.9%
  • 2018-02-01: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.63$43.05$45.83$45.53$43.95
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV23.4%18.3%47.0%47.0%19.3%
Expected Move6.6%5.3%11.0%11.0%5.5%
HV 20d27.0%19.3%29.8%19.3%29.8%
HV 60d25.0%21.1%29.7%27.4%21.4%
IV Rank9.0%4.7%28.9%28.9%5.5%
IV Percentile33.7%6.0%91.3%91.3%11.5%
Term Structure-1.8%-12.7%0.6%-11.1%-0.9%
VWIV22.2%16.6%37.8%37.8%16.6%
Skew 25d2.5%-23.8%15.1%-9.9%-5.3%
Skew 10d9.4%-16.7%64.4%-16.7%-3.4%
Call IV 25d24.8%14.2%61.3%49.5%22.2%
Put IV 25d27.3%16.9%42.5%39.6%16.9%
Bid-Ask Spread %70.3913.55127.36126.7815.57
Gamma HHI0.600.460.850.570.46
Net GEX43.7K18.2K115.6K47.4K19.2K
Net DEX-326.4K-713.1K-190.4K-518.4K-190.4K
Net VEX-2.0K-2.4K-1.8K-2.4K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.192.572.570.58
Total Volume210.1056827415068
Total OI363.105243438422256

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$45.53$0.0047.0%11.0%19.3%28.9%0.0%-9.9%-11.1%47.4K-518.4K-2.4K2.57126.78N/AN/A42108310112
2018-02-02$44.30$0.0019.0%10.5%21.7%5.3%37.8%-23.8%-12.7%50.0K-346.3K-2.2K2.22127.36N/AN/A54120294123
2018-02-05$43.05$45.0027.7%5.8%23.2%12.6%20.3%0.5%-0.3%35.2K-198.7K-2.0K0.81118.16N/AN/A149120303135
2018-02-06$43.95$45.0025.8%5.5%24.5%11.0%19.6%15.1%-1.3%37.5K-245.8K-2.0K0.81114.34N/AN/A149120290135
2018-02-07$45.18$45.0022.3%6.4%26.4%8.0%22.6%-4.5%-1.9%66.7K-442.4K-2.1K0.81113.38N/AN/A149120290135
2018-02-08$43.75$45.0019.3%5.5%28.8%5.5%19.7%9.0%0.3%41.9K-260.0K-1.9K0.81116.95N/AN/A149120290135
2018-02-09$44.15$45.0022.6%6.5%27.7%8.3%22.7%6.3%-0.7%49.3K-253.0K-1.9K0.81103.87N/AN/A149120290135
2018-02-12$44.15$45.0018.3%5.3%27.5%4.7%18.3%6.6%0.3%50.3K-278.7K-1.9K0.8162.38N/AN/A149120290135
2018-02-13$44.18$45.0022.8%6.5%27.5%8.4%22.7%8.5%-0.4%71.1K-260.0K-1.9K0.7815.63N/AN/A154120290135
2018-02-14$44.73$45.0022.3%6.4%27.5%8.0%22.2%8.8%-0.0%115.6K-324.7K-2.0K0.7822.77N/AN/A154120300135
2018-02-15$45.18$45.0021.5%6.2%27.6%7.3%21.4%9.4%0.6%107.5K-482.6K-2.1K0.7820.20N/AN/A154120300135
2018-02-16$45.83$45.0021.5%6.2%27.5%7.3%21.4%10.5%-0.5%19.4K-713.1K-2.0K0.9436.68N/AN/A128120300135
2018-02-20$44.65$45.0022.7%6.5%28.9%8.4%22.7%7.0%-0.6%18.2K-240.0K-1.9K0.2489.09N/AN/A1172819053
2018-02-21$45.05$45.0022.6%6.5%29.1%8.3%22.1%7.0%-1.3%18.9K-271.0K-1.9K0.1990.11N/AN/A1302519153
2018-02-22$44.95$45.0022.4%6.4%29.0%8.2%22.4%-5.6%-0.5%20.1K-285.1K-2.0K0.1987.96N/AN/A1302520353
2018-02-23$45.13$45.0022.4%6.4%28.7%8.1%22.4%2.3%-0.9%20.5K-296.0K-2.0K0.1931.70N/AN/A1302520353
2018-02-26$45.43$45.0022.4%6.4%28.8%8.1%22.3%3.9%-1.3%21.4K-322.1K-2.0K0.2013.55N/AN/A1282520353
2018-02-27$44.88$45.0022.6%6.5%29.1%8.3%22.6%1.3%-1.3%20.7K-272.5K-1.9K0.2030.89N/AN/A1282520353
2018-02-28$43.95$45.0019.3%5.5%29.8%5.5%16.6%-5.3%-0.9%19.2K-190.4K-1.8K0.5815.57N/AN/A432520353