HI Options History — February 2019

In February 2019, HI traded between $42.60 and $45.70. ATM implied volatility averaged 20.2%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 3.5% (HV 20d: 23.7%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 11.69.

Notable Days

  • 2019-02-15: Highest Volume — 419 contracts
  • 2019-02-06: Largest IV spike — 42.5% change
  • 2019-02-27: Highest IV Rank — 12.8%
  • 2019-02-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.10$42.60$45.70$42.60$44.38
Max Pain$40.79$35.00$45.00$35.00$40.00
ATM IV20.2%15.1%22.8%16.4%22.4%
Expected Move6.2%5.1%7.4%7.4%6.4%
HV 20d23.7%15.8%26.7%26.7%15.8%
HV 60d27.2%25.4%28.6%28.6%25.4%
IV Rank10.3%5.4%12.8%6.7%12.4%
IV Percentile24.7%4.4%38.9%7.5%37.3%
Term Structure0.2%-1.1%1.9%-0.6%-0.5%
VWIV24.1%20.8%32.0%32.0%22.4%
Skew 25d-0.6%-7.7%4.6%-3.6%-4.0%
Skew 10d-1.4%-9.2%8.5%2.5%-6.2%
Call IV 25d22.9%18.4%34.5%32.2%23.1%
Put IV 25d22.3%16.8%28.6%28.6%19.1%
Bid-Ask Spread %89.3774.16111.8993.4078.00
Gamma HHI0.370.330.490.330.36
Net GEX4.4K-10.4K30.4K26.8K-9.1K
Net DEX-824.4K-1.8M-382.3K-820.2K-646.6K
Net VEX-3.9K-5.0K-3.1K-3.4K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.690.00160.000.260.00
Total Volume132.68414193950
Total OI924.6846961,153700957

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$42.60$35.0016.4%7.4%26.7%6.7%32.0%-3.6%-0.6%26.8K-820.2K-3.4K0.2693.40N/AN/A318419281
2019-02-04$42.81$35.0015.1%6.4%25.8%5.4%0.0%4.6%0.5%17.1K-875.4K-3.1K0.0078.49N/AN/A80419280
2019-02-05$43.31$35.0015.6%6.6%25.3%6.0%22.9%-7.7%0.4%30.4K-931.7K-3.1K8.7092.33N/AN/A1087416280
2019-02-06$43.15$45.0022.3%6.4%25.1%12.3%0.0%1.3%0.5%21.1K-784.3K-3.2K0.0086.32N/AN/A0320416324
2019-02-07$42.62$45.0018.3%5.3%25.6%8.5%0.0%2.2%0.2%5.3K-382.3K-5.0K0.0098.78N/AN/A0320416528
2019-02-08$42.60$45.0018.6%5.3%25.6%8.8%22.6%1.7%-0.0%5.2K-427.5K-4.5K160.0079.22N/AN/A2320416528
2019-02-11$42.81$45.0022.1%6.3%25.5%12.2%0.0%3.5%0.2%-1.2K-443.4K-4.7K0.00100.04N/AN/A048416528
2019-02-12$43.23$45.0017.9%5.1%24.8%8.2%0.0%0.1%1.1%1.1K-527.4K-4.6K0.0097.53N/AN/A048416576
2019-02-13$44.01$45.0020.5%5.9%25.3%10.6%22.3%-5.5%1.5%1.9K-697.3K-4.3K0.1796.67N/AN/A27848416576
2019-02-14$44.28$40.0022.2%6.4%25.1%12.2%25.3%-4.2%0.3%17.2K-1.3M-4.4K0.16111.89N/AN/A30748552576
2019-02-15$45.31$40.0019.9%5.7%25.8%10.0%31.3%-2.5%1.9%-10.4K-1.8M-3.9K0.1386.86N/AN/A37148577576
2019-02-19$45.04$40.0021.5%6.2%26.1%11.5%0.0%0.1%0.3%-2.5K-817.0K-4.0K0.0074.45N/AN/A10374576
2019-02-20$45.40$40.0021.0%6.0%21.0%11.1%0.0%1.5%0.5%-1.4K-891.9K-3.7K0.0088.22N/AN/A20375576
2019-02-21$45.37$40.0022.2%6.4%21.1%12.2%22.2%0.6%-0.5%-1.1K-858.5K-3.8K3.0074.16N/AN/A26375576
2019-02-22$45.70$40.0020.8%6.0%21.1%10.9%20.8%1.3%0.6%-2.7K-927.8K-3.6K3.0084.27N/AN/A26375582
2019-02-25$45.40$40.0022.1%6.4%21.5%12.2%22.3%0.5%-0.6%-3.6K-901.1K-3.6K0.0092.50N/AN/A500375582
2019-02-26$45.19$40.0022.4%6.4%21.8%12.4%22.4%-0.8%-0.8%-5.0K-840.5K-3.6K0.0085.10N/AN/A500375582
2019-02-27$44.70$40.0022.8%6.5%22.1%12.8%22.8%0.2%-1.1%-6.2K-757.1K-3.7K0.0099.79N/AN/A500375582
2019-02-28$44.38$40.0022.4%6.4%15.8%12.4%22.4%-4.0%-0.5%-9.1K-646.6K-3.8K0.0078.00N/AN/A500375582