HI Options History — March 2018

In March 2018, HI traded between $43.75 and $47.43. ATM implied volatility averaged 21.7%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 1.7% (HV 20d: 23.4%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.19.

Notable Days

  • 2018-03-29: Highest Volume — 137 contracts
  • 2018-03-09: Largest IV spike — 54.6% change
  • 2018-03-09: Highest IV Rank — 13.1%
  • 2018-03-29: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.73$43.75$47.43$43.75$45.98
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV21.7%18.3%28.3%22.5%23.3%
Expected Move6.0%5.7%6.7%6.5%6.7%
HV 20d23.4%20.3%29.6%29.6%23.7%
HV 60d21.9%20.5%23.5%21.1%23.5%
IV Rank7.6%4.6%13.1%8.2%8.9%
IV Percentile29.6%6.0%64.7%34.9%46.8%
Term Structure2.8%-0.9%5.1%-0.9%4.1%
VWIV21.0%19.8%23.3%22.4%23.3%
Skew 25d4.3%-1.6%9.0%6.2%-0.8%
Skew 10d6.4%-3.5%16.0%10.5%-2.3%
Call IV 25d18.4%13.6%23.6%22.6%23.4%
Put IV 25d22.7%19.5%28.8%28.8%22.5%
Bid-Ask Spread %41.799.2193.4220.4435.56
Gamma HHI0.650.460.920.460.77
Net GEX16.4K9.8K23.1K18.7K14.4K
Net DEX-315.0K-499.5K-157.2K-157.2K-326.0K
Net VEX-2.0K-2.2K-1.7K-1.7K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.190.674.270.674.27
Total Volume95.5246013772137
Total OI293.429256330256311

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$43.75$45.0022.5%6.5%29.6%8.2%22.4%6.2%-0.9%18.7K-157.2K-1.7K0.6720.44N/AN/A432920353
2018-03-02$44.23$45.0021.9%6.3%27.8%7.7%21.8%6.4%-0.3%19.3K-193.6K-1.8K0.6715.64N/AN/A432920358
2018-03-05$44.68$45.0021.4%6.0%26.3%7.3%21.2%7.1%1.7%20.6K-239.0K-1.9K0.6749.62N/AN/A432920358
2018-03-06$45.48$45.0020.5%5.7%24.7%6.5%19.8%8.6%2.6%22.8K-310.9K-1.9K0.9490.77N/AN/A312920358
2018-03-07$45.85$45.0019.4%5.8%23.8%5.6%20.0%8.8%2.6%22.9K-357.0K-1.9K0.9493.42N/AN/A312920358
2018-03-08$45.68$45.0018.3%5.7%21.9%4.6%19.8%3.0%2.5%22.8K-341.3K-1.9K0.9484.28N/AN/A312920358
2018-03-09$47.43$45.0028.3%6.0%22.1%13.1%21.2%2.7%2.3%23.1K-499.5K-1.9K2.5280.36N/AN/A317820358
2018-03-12$46.88$45.0022.9%6.0%22.7%8.5%21.1%2.7%1.4%9.8K-367.0K-2.2K2.4484.96N/AN/A3278203117
2018-03-13$46.90$45.0027.8%6.0%22.7%12.7%20.8%1.4%1.9%12.8K-409.5K-2.1K1.8130.64N/AN/A4378205104
2018-03-14$46.38$45.0020.6%5.9%23.2%6.6%20.6%1.1%2.1%15.3K-384.1K-2.2K2.1137.86N/AN/A3778217104
2018-03-15$46.08$45.0020.8%6.0%23.1%6.7%20.8%0.5%2.0%15.9K-412.1K-2.2K2.1136.22N/AN/A3778226104
2018-03-16$46.38$45.0020.0%5.7%23.0%6.0%20.0%1.8%2.0%16.2K-454.2K-2.1K2.1135.19N/AN/A3778226104
2018-03-19$46.00$45.0020.7%5.9%22.7%6.7%20.7%-1.6%4.2%14.2K-320.0K-2.1K2.5022.38N/AN/A287020392
2018-03-20$45.95$45.0020.5%5.9%20.5%6.5%20.4%6.0%3.7%14.6K-323.4K-2.0K2.509.21N/AN/A287020393
2018-03-21$46.18$45.0020.0%5.7%20.3%6.1%20.0%5.2%5.1%15.0K-349.6K-2.0K2.5029.91N/AN/A287020393
2018-03-22$45.60$45.0020.9%6.0%20.9%6.8%20.8%4.0%4.0%14.1K-288.8K-2.1K2.5029.11N/AN/A287020893
2018-03-23$44.80$45.0021.6%6.2%21.8%7.4%21.6%7.0%4.2%12.7K-160.1K-1.9K2.5038.78N/AN/A287020893
2018-03-26$45.95$45.0021.1%6.1%23.6%7.0%21.1%9.0%4.6%13.6K-309.3K-2.1K4.1111.13N/AN/A1978208101
2018-03-27$44.95$45.0021.7%6.2%24.5%7.5%21.7%8.7%4.3%12.1K-179.4K-2.0K4.1121.78N/AN/A1978209101
2018-03-28$45.30$45.0022.3%6.4%23.3%8.0%22.3%3.2%3.9%13.0K-233.5K-2.0K3.0020.42N/AN/A2678210101
2018-03-29$45.98$45.0023.3%6.7%23.7%8.9%23.3%-0.8%4.1%14.4K-326.0K-2.0K4.2735.56N/AN/A26111210101