HI Options History — November 2018

In November 2018, HI traded between $43.22 and $50.23. ATM implied volatility averaged 39.2%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 13.8% (HV 20d: 25.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.55.

Notable Days

  • 2018-11-09: Highest Volume — 4,301 contracts
  • 2018-11-14: Largest IV drop — 82.2% change
  • 2018-11-13: Highest IV Rank — 86.0%
  • 2018-11-01: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.43$43.22$50.23$48.32$44.36
Max Pain$47.50$45.00$50.00$50.00$45.00
ATM IV39.2%20.3%114.2%58.3%27.3%
Expected Move7.9%4.8%16.7%16.7%7.8%
HV 20d25.4%23.7%27.6%23.8%27.6%
HV 60d19.8%18.0%22.6%18.0%22.6%
IV Rank24.5%8.9%86.0%40.2%14.7%
IV Percentile69.7%23.8%99.6%96.0%60.7%
Term Structure-2.7%-34.6%6.7%-34.6%-2.2%
VWIV29.7%18.3%50.2%50.2%28.5%
Skew 25d7.9%1.1%61.3%61.3%1.9%
Skew 10d9.2%-0.0%30.2%21.2%1.0%
Call IV 25d25.8%18.6%38.0%38.0%30.0%
Put IV 25d33.8%22.9%99.3%99.3%31.9%
Bid-Ask Spread %85.0135.20124.52124.5299.93
Gamma HHI0.490.360.870.390.47
Net GEX85.7K-2.8K594.2K4.2K9.1K
Net DEX-367.6K-3.9M370.7K-194.0K280.4K
Net VEX-2.9K-7.4K-1.9K-2.7K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.033.530.662.79
Total Volume8981604,301298182
Total OI1,351.3333674,503367414

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$48.32$50.0058.3%16.7%23.8%40.2%50.2%61.3%-34.6%4.2K-194.0K-2.7K0.66124.52N/AN/A180118218149
2018-11-02$48.54$50.0029.3%8.4%23.9%16.3%28.3%7.9%-11.6%-810-140.7K-2.8K0.66109.95N/AN/A180118218149
2018-11-05$48.80$0.0041.1%4.8%23.7%26.0%0.0%2.1%6.7%-555-198.5K-2.8K0.65105.92N/AN/A181118218149
2018-11-06$49.31$0.0041.8%6.5%24.2%26.6%0.0%1.1%5.1%-1.2K-251.0K-2.7K0.65108.77N/AN/A181118220149
2018-11-07$50.23$0.0043.9%6.0%24.7%28.3%0.0%3.7%4.6%-2.8K-354.1K-2.7K0.65106.35N/AN/A181118220149
2018-11-08$50.17$0.0064.7%5.9%23.9%45.4%0.0%2.8%2.6%2.0K-356.3K-2.7K0.65105.12N/AN/A181118220149
2018-11-09$49.03$0.0048.7%8.2%24.8%32.3%28.5%2.9%-2.9%-808-210.4K-2.7K0.0376.31N/AN/A4,183118220149
2018-11-12$48.28$50.0070.7%9.4%25.0%50.3%30.5%1.6%-7.4%594.2K-3.9M-7.4K0.0685.97N/AN/A2,1871234,224149
2018-11-13$46.91$45.00114.2%10.0%25.4%86.0%34.7%3.7%-4.5%416.4K-2.9M-6.2K0.0766.55N/AN/A2,1151574,227154
2018-11-14$46.86$50.0020.3%5.8%25.4%8.9%18.3%5.3%5.3%431.7K-1.4M-4.3K0.0788.19N/AN/A2,0651354,298205
2018-11-15$47.28$45.0025.7%7.4%25.7%13.4%22.8%3.3%-2.3%281.1K-477.8K-3.0K0.0735.20N/AN/A2,0651514,300202
2018-11-16$46.44$45.0024.9%7.2%25.6%12.8%24.0%3.6%-0.2%7.3K-66.1K-2.5K0.0848.64N/AN/A2,0681674,300178
2018-11-19$45.25$45.0025.2%7.2%26.4%13.0%26.1%4.2%-1.5%6.6K144.3K-2.4K3.5395.87N/AN/A36127213172
2018-11-20$43.62$45.0028.0%8.0%27.3%15.3%30.7%2.9%-1.8%6.8K320.9K-2.1K3.4447.03N/AN/A36124213172
2018-11-21$43.72$50.0026.4%7.6%26.1%14.0%29.4%8.5%-1.7%6.4K294.3K-2.1K3.3581.21N/AN/A37124212177
2018-11-23$43.42$50.0023.0%6.6%26.0%11.2%36.8%23.9%-0.6%6.2K344.2K-2.0K3.3591.80N/AN/A37124212177
2018-11-26$43.65$50.0029.4%8.4%26.2%16.5%31.6%6.3%-2.9%6.5K332.6K-2.0K3.3566.04N/AN/A37124212177
2018-11-27$43.22$50.0028.3%8.1%26.3%15.5%28.9%7.0%-2.0%6.9K370.7K-1.9K2.7550.53N/AN/A48132212177
2018-11-28$44.25$45.0026.4%7.6%25.6%13.9%27.5%7.8%-0.7%9.4K270.0K-2.2K2.7989.69N/AN/A48134225185
2018-11-29$43.39$45.0026.1%7.5%26.2%13.7%27.3%4.5%-4.8%10.4K342.6K-2.0K2.79101.53N/AN/A48134225189
2018-11-30$44.36$45.0027.3%7.8%27.6%14.7%28.5%1.9%-2.2%9.1K280.4K-2.2K2.7999.93N/AN/A48134225189