HI Options History — August 2018

In August 2018, HI traded between $49.58 and $52.68. ATM implied volatility averaged 28.9%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 6.3% (HV 20d: 22.6%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.59.

Notable Days

  • 2018-08-31: Highest Volume — 36 contracts
  • 2018-08-14: Largest IV spike — 203.9% change
  • 2018-08-14: Highest IV Rank — 41.1%
  • 2018-08-31: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.62$49.58$52.68$49.58$51.00
Max Pain$49.35$45.00$50.00$45.00$50.00
ATM IV28.9%12.7%59.4%47.9%48.2%
Expected Move7.3%3.6%13.8%13.7%13.8%
HV 20d22.6%13.4%25.6%18.6%13.4%
HV 60d17.6%16.0%18.1%16.0%17.7%
IV Rank16.0%2.7%41.1%31.6%31.9%
IV Percentile50.6%0.8%94.4%91.3%91.3%
Term Structure-4.6%-22.2%13.1%-20.9%-22.2%
VWIV27.8%16.0%56.3%56.3%47.8%
Skew 25d1.3%-43.8%31.9%9.6%-43.8%
Skew 10d2.4%-15.8%68.2%4.5%-11.3%
Call IV 25d26.6%13.1%65.2%50.1%65.2%
Put IV 25d28.0%16.9%79.2%59.7%21.4%
Bid-Ask Spread %108.0061.40128.97122.16126.48
Gamma HHI0.410.340.510.510.40
Net GEX17.3K9.3K21.5K20.4K12.8K
Net DEX-776.2K-847.3K-663.4K-663.4K-770.4K
Net VEX-805-1.1K-353-1.1K-639
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.400.800.550.80
Total Volume30.91322363436
Total OI204.565192214200207

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$49.58$45.0047.9%13.7%18.6%31.6%56.3%9.6%-20.9%20.4K-663.4K-1.1K0.55122.16N/AN/A221218317
2018-08-02$51.90$45.0016.4%4.7%24.1%5.7%16.0%-5.1%1.2%19.3K-799.6K-8190.59114.88N/AN/A221318618
2018-08-03$52.25$45.0023.1%6.6%24.1%11.3%18.8%13.3%-8.5%20.3K-812.7K-9770.68127.61N/AN/A191319119
2018-08-06$52.08$50.0031.2%4.8%24.1%17.9%28.6%-6.2%13.1%18.3K-835.2K-7280.68115.95N/AN/A191319119
2018-08-07$52.25$50.0016.4%5.8%23.7%5.7%26.1%13.0%5.4%18.5K-830.2K-7920.6881.36N/AN/A191319119
2018-08-08$52.18$50.0030.4%4.8%23.7%17.3%18.2%2.4%2.0%17.8K-842.2K-7180.6895.96N/AN/A191319119
2018-08-09$52.15$50.0036.7%10.7%23.5%22.4%51.8%5.2%-4.4%15.8K-847.3K-6600.68128.97N/AN/A191319119
2018-08-10$51.85$50.0041.2%10.1%23.7%26.1%38.7%10.8%-14.6%15.7K-845.0K-5620.68122.48N/AN/A191319119
2018-08-13$51.60$50.0019.5%5.6%23.2%8.3%19.7%3.5%-1.4%18.0K-794.6K-8520.6861.40N/AN/A191319119
2018-08-14$52.25$50.0059.4%3.7%23.1%41.1%20.0%-14.4%12.9%18.4K-814.2K-7950.68112.58N/AN/A191318919
2018-08-15$51.70$50.0020.4%5.9%23.6%9.1%20.0%5.5%-2.1%19.0K-776.2K-9190.59110.01N/AN/A221318919
2018-08-16$51.98$50.0019.9%5.7%23.6%8.6%19.5%4.8%-0.9%16.3K-818.2K-7920.7287.35N/AN/A181319419
2018-08-17$52.00$50.0034.5%9.9%23.7%20.6%37.0%31.9%-12.8%15.1K-831.2K-7470.72122.73N/AN/A181319519
2018-08-20$51.98$50.0017.0%4.9%23.5%6.2%17.2%-5.1%-7.7%9.8K-813.3K-4030.57107.06N/AN/A14817814
2018-08-21$52.68$50.0012.7%3.6%23.7%2.7%18.1%2.3%0.8%14.1K-804.8K-6240.4085.77N/AN/A20817814
2018-08-22$51.43$50.0029.9%8.6%25.6%16.8%34.6%-5.1%-2.4%9.3K-801.9K-3530.40117.23N/AN/A20818514
2018-08-23$50.93$50.0028.8%8.3%25.4%16.0%28.8%-12.6%-10.1%19.5K-677.1K-1.1K0.40116.59N/AN/A20818514
2018-08-24$51.40$50.0025.3%7.2%24.6%13.0%25.2%5.9%-3.8%21.5K-678.4K-1.1K0.40114.10N/AN/A20818514
2018-08-27$51.38$50.0026.8%7.7%24.3%14.3%26.7%5.5%-9.0%18.9K-741.6K-8440.4098.92N/AN/A20818514
2018-08-28$51.00$50.0018.9%5.4%22.3%7.9%18.9%2.7%2.6%20.5K-665.3K-1.1K0.4098.13N/AN/A20818514
2018-08-29$50.93$50.0031.2%9.0%21.5%17.9%28.6%12.4%-12.6%20.8K-689.0K-9560.40106.56N/AN/A20818514
2018-08-30$50.83$50.0029.1%8.3%13.6%16.2%22.3%-5.7%-9.4%18.1K-701.7K-9410.75109.65N/AN/A201518518
2018-08-31$51.00$50.0048.2%13.8%13.4%31.9%47.8%-43.8%-22.2%12.8K-770.4K-6390.80126.48N/AN/A201618522