HI Options History — April 2018

In April 2018, HI traded between $44.63 and $49.00. ATM implied volatility averaged 32.2%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 6.6% (HV 20d: 25.6%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 3.28.

Notable Days

  • 2018-04-03: Highest Volume — 141 contracts
  • 2018-04-26: Largest IV spike — 62.5% change
  • 2018-04-30: Highest IV Rank — 40.6%
  • 2018-04-30: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.89$44.63$49.00$44.63$46.45
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV32.2%20.9%60.9%26.8%60.9%
Expected Move9.0%6.0%17.4%7.7%17.4%
HV 20d25.6%21.7%27.4%26.0%21.7%
HV 60d25.1%24.2%25.7%24.3%25.0%
IV Rank16.4%6.9%40.6%11.9%40.6%
IV Percentile67.0%24.2%95.2%62.7%95.2%
Term Structure-3.0%-18.5%17.8%2.0%-14.4%
VWIV37.3%25.4%75.1%26.8%75.1%
Skew 25d13.1%-10.4%62.1%10.1%33.7%
Skew 10d24.9%6.1%68.0%16.2%64.8%
Call IV 25d25.6%20.4%41.7%21.6%39.3%
Put IV 25d38.7%26.2%86.1%31.6%73.0%
Bid-Ask Spread %90.6914.27130.9021.29126.99
Gamma HHI0.650.490.890.550.70
Net GEX3.5K-19.4K19.9K-12.7K15.8K
Net DEX-308.8K-684.9K59.4K59.4K-268.0K
Net VEX-1.8K-2.3K-1.4K-2.2K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.281.945.053.961.94
Total Volume115.3815314113953
Total OI344.571188408403188

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$44.63$45.0026.8%7.7%26.0%11.9%26.8%10.1%2.0%-12.7K59.4K-2.2K3.9621.29N/AN/A28111210193
2018-04-03$45.30$45.0026.0%7.4%26.3%11.1%25.9%10.0%3.1%-13.5K-64.9K-2.3K3.7049.37N/AN/A30111212193
2018-04-04$45.45$45.0025.9%7.4%25.6%11.1%25.8%5.3%2.8%-13.8K-82.7K-2.3K3.7017.77N/AN/A30111214193
2018-04-05$46.05$45.0026.1%8.3%25.9%11.3%28.8%4.8%-4.1%-11.1K-204.6K-2.2K3.7014.27N/AN/A30111214193
2018-04-06$45.25$45.0024.6%8.5%26.6%10.0%29.7%4.2%-5.3%-19.4K-13.9K-2.2K3.7087.90N/AN/A30111214193
2018-04-09$45.53$45.0033.9%7.9%22.7%17.8%28.6%-10.4%-2.7%-10.0K-120.1K-2.1K3.7091.41N/AN/A30111214193
2018-04-10$47.00$45.0037.4%6.1%25.3%20.8%25.4%2.3%7.1%-5.3K-278.2K-2.1K3.7086.12N/AN/A30111215193
2018-04-11$46.28$45.0043.8%12.6%25.9%26.2%54.1%33.8%-8.3%-5.7K-322.9K-1.9K3.70130.90N/AN/A30111215193
2018-04-12$46.68$45.0026.6%7.6%25.8%11.6%26.4%5.9%-1.9%-18.6K-360.2K-1.9K3.70113.59N/AN/A30111215193
2018-04-13$46.78$45.0032.4%9.3%25.7%16.6%33.4%10.2%-7.8%1.7K-228.3K-2.0K3.70105.95N/AN/A30111215193
2018-04-16$47.65$45.0020.9%6.0%26.4%6.9%26.5%3.9%-1.3%8.5K-537.0K-1.6K3.70112.42N/AN/A30111215193
2018-04-17$48.70$45.0028.8%8.3%27.1%13.5%30.3%6.2%-7.3%13.5K-621.4K-1.6K3.70105.02N/AN/A30111215193
2018-04-18$49.00$45.0024.9%7.1%27.1%10.2%65.8%28.9%-5.3%19.9K-684.9K-1.5K3.70106.45N/AN/A30111215193
2018-04-19$48.78$45.0022.7%6.5%27.2%8.4%32.0%9.6%-0.1%19.5K-660.9K-1.5K3.70104.91N/AN/A30111215193
2018-04-20$48.05$45.0033.2%9.5%27.4%17.2%35.1%13.0%-18.5%19.9K-616.8K-1.5K5.05101.99N/AN/A22111215193
2018-04-23$47.95$45.0026.7%7.6%26.4%11.7%32.6%7.0%5.3%19.4K-319.5K-1.5K1.9488.14N/AN/A183515236
2018-04-24$47.30$45.0034.8%10.0%25.7%18.6%40.5%20.2%-3.2%19.1K-309.6K-1.5K1.94111.44N/AN/A183515236
2018-04-25$47.65$45.0023.9%6.8%24.2%9.4%28.6%2.5%17.8%16.9K-288.0K-1.4K1.94108.47N/AN/A183515236
2018-04-26$47.33$45.0038.8%11.1%24.4%22.0%37.3%12.2%-10.4%17.7K-281.5K-1.4K1.9497.70N/AN/A183515236
2018-04-27$46.85$45.0057.9%16.6%24.3%38.1%74.9%62.1%-11.0%11.8K-281.7K-1.5K1.94122.33N/AN/A183515236
2018-04-30$46.45$45.0060.9%17.4%21.7%40.6%75.1%33.7%-14.4%15.8K-268.0K-1.4K1.94126.99N/AN/A183515236