HI Options History — May 2018

In May 2018, HI traded between $44.18 and $48.23. ATM implied volatility averaged 26.4%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 1.5% (HV 20d: 24.9%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2018-05-21: Highest Volume — 191 contracts
  • 2018-05-07: Largest IV spike — 182.5% change
  • 2018-05-01: Highest IV Rank — 44.0%
  • 2018-05-01: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.66$44.18$48.23$46.33$46.58
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV26.4%9.4%64.9%64.9%31.5%
Expected Move7.2%2.7%18.6%18.6%9.0%
HV 20d24.9%21.2%27.7%21.2%25.5%
HV 60d24.2%23.6%25.4%24.3%23.8%
IV Rank12.6%0.0%44.0%44.0%18.2%
IV Percentile40.1%0.0%96.0%96.0%70.6%
Term Structure-5.5%-31.1%8.4%-31.1%-10.2%
VWIV26.3%15.0%71.0%71.0%30.5%
Skew 25d2.1%-43.2%18.2%18.2%17.2%
Skew 10d6.7%-23.7%65.5%65.5%30.3%
Call IV 25d24.6%9.5%77.5%69.7%18.0%
Put IV 25d26.7%18.1%87.9%87.9%35.2%
Bid-Ask Spread %97.2043.85126.31126.31108.27
Gamma HHI0.560.490.870.870.49
Net GEX42.3K5.5K60.6K9.4K54.4K
Net DEX-619.2K-978.5K-51.4K-275.0K-608.8K
Net VEX-1.8K-2.4K-961-1.5K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.121.941.941.17
Total Volume85.955391915365
Total OI351.727188465188465

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$46.33$45.0064.9%18.6%21.2%44.0%71.0%18.2%-31.1%9.4K-275.0K-1.5K1.94126.31N/AN/A183515236
2018-05-02$46.40$45.0036.0%10.3%21.2%19.6%29.9%-43.2%-18.2%9.8K-271.4K-1.4K1.94113.97N/AN/A183515236
2018-05-03$44.18$0.0043.1%6.5%27.2%25.6%22.8%-4.6%-1.5%10.0K-128.3K-1.2K0.9593.78N/AN/A201915236
2018-05-04$44.20$45.0019.8%5.9%26.6%5.9%20.6%5.3%-0.7%5.5K-51.4K-9610.1266.42N/AN/A1571915441
2018-05-07$45.18$45.0055.9%13.0%27.7%36.4%45.4%3.5%-24.1%30.1K-447.1K-1.8K0.12117.19N/AN/A1591929341
2018-05-08$45.88$45.0021.4%5.8%25.7%7.3%20.3%3.3%-0.4%46.8K-571.0K-1.9K0.1879.82N/AN/A1592929541
2018-05-09$46.73$45.0022.1%6.3%26.0%7.9%22.0%2.6%-3.2%44.6K-704.6K-1.9K1.38112.15N/AN/A212929551
2018-05-10$46.70$45.0022.4%6.4%25.9%8.1%22.5%3.9%-4.2%49.4K-657.4K-1.8K1.12108.67N/AN/A262929451
2018-05-11$46.65$45.0020.9%6.0%25.8%6.9%21.1%-2.0%1.1%46.3K-682.0K-1.9K1.12109.26N/AN/A262929451
2018-05-14$46.50$45.0033.7%9.7%24.9%17.7%34.1%5.2%-13.9%41.1K-588.8K-1.8K1.12108.82N/AN/A262929451
2018-05-15$46.50$45.0016.1%4.6%23.4%2.7%18.2%1.3%8.3%48.2K-693.7K-1.9K1.12114.27N/AN/A262929451
2018-05-16$47.50$45.0020.3%5.8%24.7%6.3%21.0%3.6%-0.2%48.5K-824.5K-1.6K1.1251.30N/AN/A262929451
2018-05-17$47.78$45.009.8%2.8%24.8%0.0%20.2%8.5%8.4%47.0K-782.3K-1.7K1.1243.85N/AN/A262929451
2018-05-18$47.80$45.009.4%2.7%24.2%0.0%20.9%9.7%7.9%55.0K-848.5K-1.6K1.1277.39N/AN/A262929451
2018-05-21$48.23$45.0013.3%3.8%24.5%3.2%15.0%2.9%2.2%42.5K-978.5K-1.2K0.9197.68N/AN/A1009129325
2018-05-22$48.03$45.0014.3%4.1%24.0%4.0%17.0%0.4%1.2%60.4K-922.6K-2.0K0.9190.06N/AN/A1009136892
2018-05-23$47.18$45.0023.7%6.8%24.7%11.8%22.1%-8.2%-11.4%56.1K-746.7K-2.3K1.13106.59N/AN/A303436892
2018-05-24$47.45$45.0020.5%5.9%24.7%9.1%20.5%4.9%-5.8%60.6K-770.2K-1.9K1.1397.08N/AN/A303436892
2018-05-25$47.00$45.0035.3%10.1%24.6%21.2%33.8%14.5%-26.1%51.3K-720.7K-2.4K1.13112.09N/AN/A303436892
2018-05-29$46.53$45.0025.2%7.2%24.7%13.0%24.9%7.7%-3.7%57.4K-607.5K-2.0K1.17101.65N/AN/A303536892
2018-05-30$47.15$45.0020.4%5.8%25.1%9.0%24.2%-8.0%5.4%56.7K-741.1K-2.0K1.17101.66N/AN/A303536897
2018-05-31$46.58$45.0031.5%9.0%25.5%18.2%30.5%17.2%-10.2%54.4K-608.8K-2.0K1.17108.27N/AN/A303536897