HI Options History — September 2018

In September 2018, HI traded between $50.83 and $52.70. ATM implied volatility averaged 19.1%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 5.5% (HV 20d: 13.6%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.24.

Notable Days

2018-09-27: Highest Volume — 408 contracts
2018-09-26: Largest IV spike — 63.1% change
2018-09-04: Highest IV Rank — 19.2%
2018-09-04: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.84	$50.83	$52.70	$51.05	$52.40
Max Pain	$45.53	$45.00	$50.00	$50.00	$45.00
ATM IV	19.1%	12.8%	32.7%	32.7%	15.8%
Expected Move	5.4%	3.7%	9.4%	9.4%	4.5%
HV 20d	13.6%	12.2%	15.6%	13.4%	12.7%
HV 60d	17.6%	17.4%	17.9%	17.7%	17.6%
IV Rank	8.0%	2.8%	19.2%	19.2%	5.3%
IV Percentile	20.3%	1.2%	71.4%	71.4%	6.3%
Term Structure	0.1%	-14.4%	7.4%	-14.4%	1.3%
VWIV	21.9%	13.4%	33.9%	32.5%	13.8%
Skew 25d	3.2%	-9.2%	12.6%	1.0%	12.6%
Skew 10d	1.9%	-16.0%	9.7%	-2.5%	9.3%
Call IV 25d	16.0%	8.6%	26.1%	26.1%	8.6%
Put IV 25d	19.2%	16.0%	27.0%	27.0%	21.2%
Bid-Ask Spread %	89.51	45.72	121.03	121.03	95.11
Gamma HHI	0.48	0.34	0.79	0.48	0.34
Net GEX	16.8K	10.5K	26.5K	16.4K	12.7K
Net DEX	-776.2K	-1.0M	-684.0K	-725.4K	-736.5K
Net VEX	-1.2K	-2.1K	-456	-722	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.24	0.05	0.80	0.80	0.20
Total Volume	271.421	36	408	36	408
Total OI	230.263	203	310	208	310

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-09-04	$51.05	$50.00	32.7%	9.4%	13.4%	19.2%	32.5%	1.0%	-14.4%	16.4K	-725.4K	-722	0.80	121.03	N/A	N/A	20	16	185	23
2018-09-05	$51.20	$50.00	21.8%	6.3%	13.4%	10.2%	21.8%	3.7%	-3.4%	11.8K	-765.5K	-528	0.80	103.91	N/A	N/A	20	16	185	23
2018-09-06	$51.65	$45.00	29.9%	7.0%	13.8%	16.8%	23.5%	3.6%	-3.0%	21.4K	-744.7K	-676	0.80	109.89	N/A	N/A	20	16	185	23
2018-09-07	$51.30	$45.00	20.7%	5.6%	14.0%	9.3%	19.1%	3.0%	1.3%	13.1K	-753.4K	-588	0.80	99.51	N/A	N/A	20	16	180	23
2018-09-10	$51.10	$45.00	20.4%	4.9%	13.9%	9.1%	18.6%	-0.9%	3.1%	10.5K	-768.0K	-456	0.08	85.86	N/A	N/A	201	16	182	23
2018-09-11	$50.83	$45.00	22.1%	7.9%	14.0%	10.5%	28.3%	-9.2%	-7.4%	26.5K	-982.7K	-1.7K	0.05	97.84	N/A	N/A	296	16	261	23
2018-09-12	$50.90	$45.00	18.0%	5.2%	13.1%	7.1%	33.4%	3.0%	1.9%	20.3K	-1.0M	-1.5K	0.05	99.03	N/A	N/A	296	16	261	23
2018-09-13	$51.93	$45.00	18.1%	5.2%	14.6%	7.2%	33.9%	1.6%	1.6%	17.2K	-720.2K	-1.2K	0.05	95.46	N/A	N/A	306	16	182	23
2018-09-14	$52.70	$45.00	15.1%	4.3%	15.4%	4.7%	26.8%	3.6%	3.0%	17.6K	-808.3K	-1.2K	0.05	98.23	N/A	N/A	306	16	192	23
2018-09-17	$52.45	$45.00	16.9%	4.8%	15.5%	6.2%	18.4%	1.3%	2.3%	18.5K	-794.9K	-1.2K	0.05	87.20	N/A	N/A	311	16	192	23
2018-09-18	$52.70	$45.00	12.8%	3.7%	15.6%	2.8%	16.0%	3.0%	3.7%	18.7K	-804.3K	-1.2K	0.07	46.85	N/A	N/A	311	22	192	23
2018-09-19	$52.15	$45.00	18.4%	5.3%	15.3%	7.4%	18.7%	2.3%	2.0%	18.0K	-743.8K	-1.4K	0.08	61.08	N/A	N/A	311	24	192	33
2018-09-20	$52.53	$45.00	13.8%	4.0%	12.8%	3.7%	19.1%	1.5%	1.5%	17.4K	-783.1K	-1.3K	0.08	82.74	N/A	N/A	311	24	192	29
2018-09-21	$52.30	$45.00	14.8%	4.2%	12.3%	4.5%	16.0%	1.2%	7.4%	18.4K	-755.2K	-1.4K	0.08	73.28	N/A	N/A	311	24	192	29
2018-09-24	$51.93	$45.00	16.1%	4.6%	12.3%	5.5%	15.9%	7.7%	3.8%	18.5K	-737.4K	-1.3K	0.12	74.93	N/A	N/A	311	38	192	24
2018-09-25	$52.18	$45.00	14.1%	4.1%	12.4%	3.9%	13.4%	8.7%	4.3%	13.7K	-707.1K	-1.6K	0.12	111.86	N/A	N/A	311	38	192	52
2018-09-26	$51.88	$45.00	23.1%	6.6%	12.3%	11.3%	28.4%	5.2%	-5.8%	13.8K	-690.9K	-1.6K	0.12	111.15	N/A	N/A	311	38	192	52
2018-09-27	$51.83	$45.00	18.3%	5.2%	12.2%	7.3%	19.2%	7.9%	-0.6%	14.2K	-684.0K	-1.6K	0.20	45.72	N/A	N/A	340	68	192	52
2018-09-28	$52.40	$45.00	15.8%	4.5%	12.7%	5.3%	13.8%	12.6%	1.3%	12.7K	-736.5K	-2.1K	0.20	95.11	N/A	N/A	340	68	226	84