HI Options History — March 2019

In March 2019, HI traded between $40.66 and $44.12. ATM implied volatility averaged 23.7%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 5.4% (HV 20d: 18.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2019-03-22: Highest Volume — 776 contracts
  • 2019-03-07: Largest IV spike — 96.3% change
  • 2019-03-08: Highest IV Rank — 33.3%
  • 2019-03-08: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.79$40.66$44.12$44.12$41.65
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV23.7%14.9%44.2%20.8%25.1%
Expected Move7.2%4.3%12.7%6.0%7.9%
HV 20d18.4%13.2%26.7%15.1%26.7%
HV 60d23.2%20.5%25.3%25.3%23.8%
IV Rank13.7%5.3%33.3%11.0%15.0%
IV Percentile36.1%4.4%90.9%27.0%44.0%
Term Structure2.6%-0.0%4.2%-0.0%2.5%
VWIV42.5%20.9%80.6%20.9%80.6%
Skew 25d3.1%-10.6%7.4%-3.4%7.3%
Skew 10d5.2%-37.1%21.5%-7.0%14.6%
Call IV 25d20.4%18.1%27.0%21.7%18.4%
Put IV 25d23.5%15.5%26.0%18.3%25.7%
Bid-Ask Spread %85.3963.92111.2580.4092.20
Gamma HHI0.360.340.410.360.35
Net GEX-734-24.1K52.6K-9.9K1.2K
Net DEX-600.0K-1.3M-216.3K-610.0K-606.0K
Net VEX-6.8K-11.8K-3.5K-3.6K-10.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.004.600.000.01
Total Volume218.6190776550
Total OI1,267.0958761,6439571,640

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$44.12$40.0020.8%6.0%15.1%11.0%20.9%-3.4%-0.0%-9.9K-610.0K-3.6K0.0080.40N/AN/A550375582
2019-03-04$44.06$40.0021.3%6.1%15.0%11.4%0.0%6.4%1.7%-12.0K-623.5K-3.5K3.0084.19N/AN/A13379582
2019-03-05$43.82$40.0018.4%5.3%15.2%8.6%0.0%5.7%2.2%-14.6K-554.1K-3.5K3.0085.81N/AN/A13378585
2019-03-06$43.30$40.0014.9%4.3%15.3%5.3%0.0%4.3%2.4%-19.4K-407.9K-3.6K4.6095.09N/AN/A523378585
2019-03-07$42.94$40.0029.2%8.4%15.5%18.9%26.1%3.5%1.9%-24.1K-268.2K-3.9K0.0898.39N/AN/A28323373605
2019-03-08$43.05$40.0044.2%12.7%14.9%33.3%80.6%3.6%2.2%-12.9K-398.4K-5.2K0.08111.25N/AN/A28323425605
2019-03-11$43.91$40.0036.9%6.7%16.4%26.3%0.0%5.0%2.4%-3.9K-640.1K-4.6K0.0066.84N/AN/A00425605
2019-03-12$43.41$40.0021.4%6.7%17.0%11.5%0.0%4.1%1.9%-9.1K-513.8K-4.6K0.0063.92N/AN/A00425605
2019-03-13$43.75$40.0021.0%6.8%16.8%11.1%0.0%4.2%2.4%-4.8K-608.2K-4.5K0.0067.79N/AN/A240425605
2019-03-14$43.36$40.0020.5%6.7%15.8%10.6%0.0%4.4%2.9%-3.8K-597.2K-4.3K0.4267.80N/AN/A2410425605
2019-03-15$43.22$40.0019.6%6.6%15.6%9.8%0.0%-10.6%3.2%-7.3K-524.0K-4.1K0.5472.22N/AN/A2413425615
2019-03-18$43.52$0.0020.2%6.9%13.2%10.3%0.0%-4.1%3.9%-5.1K-537.4K-4.0K0.00105.24N/AN/A7500321555
2019-03-19$42.78$0.0019.9%6.9%14.2%10.0%0.0%3.7%4.2%39.8K-1.1M-11.6K0.0082.27N/AN/A75001,071555
2019-03-20$43.13$0.0019.2%6.7%14.2%9.3%0.0%4.1%3.7%47.9K-1.2M-11.4K0.0094.65N/AN/A75001,071555
2019-03-21$43.36$0.0019.9%6.8%14.5%10.1%0.0%3.6%3.7%52.6K-1.3M-11.8K0.0093.81N/AN/A76701,071555
2019-03-22$40.71$0.0024.1%7.8%25.6%14.1%0.0%-3.7%3.0%-9.8K-377.5K-10.2K0.0181.53N/AN/A77061,088555
2019-03-25$40.66$0.0026.0%7.9%25.6%15.8%0.0%5.2%1.4%-14.3K-216.3K-9.3K0.0086.65N/AN/A001,085555
2019-03-26$41.06$0.0026.0%8.0%26.2%15.8%0.0%7.4%1.7%-457-499.8K-10.1K0.0090.34N/AN/A001,085555
2019-03-27$41.27$0.0025.2%8.0%26.3%15.1%0.0%7.0%2.6%-2.7K-466.8K-9.8K0.0090.37N/AN/A001,085555
2019-03-28$41.61$0.0024.6%8.1%26.7%14.6%0.0%6.9%4.2%-2.8K-521.8K-9.6K0.0082.40N/AN/A001,085555
2019-03-29$41.65$0.0025.1%7.9%26.7%15.0%0.0%7.3%2.5%1.2K-606.0K-10.1K0.0092.20N/AN/A001,085555