HI Options History — April 2019

In April 2019, HI traded between $41.64 and $43.24. ATM implied volatility averaged 26.1%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.7% (HV 20d: 22.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.61.

Notable Days

  • 2019-04-25: Highest Volume — 180 contracts
  • 2019-04-29: Largest IV spike — 43.7% change
  • 2019-04-29: Highest IV Rank — 27.8%
  • 2019-04-29: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.61$41.64$43.24$41.79$42.83
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV26.1%18.3%38.5%25.7%29.9%
Expected Move7.9%7.0%11.0%8.1%8.6%
HV 20d22.4%12.5%27.2%26.8%15.1%
HV 60d22.3%19.6%23.8%23.8%19.7%
IV Rank15.9%8.5%27.8%15.6%19.5%
IV Percentile48.4%13.1%84.9%46.0%63.5%
Term Structure-3.0%-18.9%3.6%2.8%-5.0%
VWIV30.0%29.3%30.4%30.2%30.4%
Skew 25d4.3%-6.1%9.4%9.4%-6.1%
Skew 10d9.8%2.6%35.3%9.4%3.6%
Call IV 25d25.7%18.5%35.2%18.5%31.4%
Put IV 25d30.0%25.3%36.4%27.9%25.3%
Bid-Ask Spread %95.5883.60120.6294.48110.21
Gamma HHI0.410.340.590.340.59
Net GEX48.4K61382.1K10.2K68.1K
Net DEX-997.3K-1.2M-636.6K-723.8K-1.0M
Net VEX-9.4K-10.5K-7.4K-10.0K-9.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.610.008.000.000.00
Total Volume30.286018009
Total OI1,517.5241,2101,6511,6401,307

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$41.79$0.0025.7%8.1%26.8%15.6%0.0%9.4%2.8%10.2K-723.8K-10.0K0.0094.48N/AN/A001,085555
2019-04-02$41.64$0.0025.4%8.1%26.7%15.3%0.0%7.3%3.6%613-636.6K-9.9K0.0083.60N/AN/A101,085555
2019-04-03$42.00$0.0022.3%8.2%26.8%12.3%0.0%4.3%-1.8%12.3K-829.6K-10.3K4.0092.52N/AN/A141,084555
2019-04-04$42.42$0.0021.4%8.0%26.9%11.5%0.0%3.3%-2.2%29.8K-931.6K-9.9K2.0091.26N/AN/A241,084559
2019-04-05$42.87$0.0018.3%7.0%27.2%8.5%0.0%5.1%-1.4%49.5K-1.2M-10.5K2.0092.51N/AN/A241,084559
2019-04-08$42.78$0.0018.8%7.2%26.2%8.9%0.0%4.7%-1.9%58.6K-1.1M-9.5K0.0087.06N/AN/A081,084559
2019-04-09$42.00$0.0025.1%8.3%26.6%15.0%0.0%3.3%-2.8%15.8K-862.4K-9.3K0.0093.10N/AN/A081,084567
2019-04-10$42.60$0.0024.9%7.1%27.0%14.8%0.0%5.0%-1.7%34.5K-909.2K-9.7K0.0098.19N/AN/A081,084567
2019-04-11$42.58$0.0025.4%7.3%26.9%15.3%0.0%4.5%-2.3%51.6K-1.1M-9.5K8.0087.07N/AN/A181,084567
2019-04-12$42.93$0.0025.2%7.2%27.1%15.1%0.0%4.7%-2.3%43.7K-1.1M-10.2K8.0096.43N/AN/A181,083567
2019-04-15$42.59$0.0027.0%7.7%27.1%16.8%0.0%4.0%-3.2%36.7K-984.0K-9.5K0.0096.20N/AN/A041,083567
2019-04-16$42.96$0.0026.7%7.7%26.6%16.6%0.0%5.1%-3.5%46.1K-1.1M-9.8K0.0094.55N/AN/A041,083567
2019-04-17$42.82$0.0026.0%7.5%26.4%15.9%0.0%5.5%-3.4%46.1K-1.1M-9.6K0.0087.37N/AN/A041,083567
2019-04-18$42.69$0.0025.6%7.3%26.3%15.5%30.2%5.0%-2.5%79.7K-1.2M-9.2K4.0099.21N/AN/A141,083567
2019-04-22$42.55$40.0028.0%8.0%12.5%17.8%30.3%4.1%-4.2%77.0K-1.1M-8.9K5.5090.27N/AN/A2111,031208
2019-04-23$43.04$40.0027.7%7.9%12.9%17.5%29.3%4.4%-3.4%82.1K-1.2M-8.9K0.1499.04N/AN/A76111,033219
2019-04-24$43.17$40.0026.6%7.6%12.6%16.5%29.7%6.1%-2.8%77.7K-1.1M-8.6K0.1490.82N/AN/A7611991219
2019-04-25$42.47$40.0032.4%9.3%14.2%21.9%30.2%4.2%-3.7%71.9K-962.6K-8.0K1.37101.04N/AN/A76104992219
2019-04-26$42.75$40.0026.8%7.7%14.1%16.6%30.4%5.1%-3.3%62.4K-931.0K-8.9K1.37101.54N/AN/A76104992307
2019-04-29$43.24$40.0038.5%11.0%14.6%27.8%0.0%1.3%-18.9%61.8K-818.3K-7.4K0.00120.62N/AN/A30992307
2019-04-30$42.83$40.0029.9%8.6%15.1%19.5%0.0%-6.1%-5.0%68.1K-1.0M-9.0K0.00110.21N/AN/A901,000307