HI Options History — July 2019

In July 2019, HI traded between $33.94 and $39.92. ATM implied volatility averaged 28.4%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 14.4% (HV 20d: 42.8%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2019-07-12: Highest Volume — 1,972 contracts
  • 2019-07-10: Largest IV spike — 33.7% change
  • 2019-07-31: Highest IV Rank — 25.4%
  • 2019-07-31: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.55$33.94$39.92$39.73$33.94
Max Pain$35.94$35.00$40.00$40.00$35.00
ATM IV28.4%20.0%38.5%20.0%38.5%
Expected Move8.4%5.7%11.0%5.7%11.0%
HV 20d42.8%15.6%59.5%18.9%59.1%
HV 60d33.4%23.4%40.1%23.7%38.7%
IV Rank15.5%7.2%25.4%7.2%25.4%
IV Percentile56.3%17.1%88.5%17.1%88.5%
Term Structure-2.3%-9.0%6.4%5.4%-9.0%
VWIV32.7%26.2%38.5%26.2%38.5%
Skew 25d2.0%-11.4%16.3%-0.7%8.0%
Skew 10d3.6%-18.8%23.9%-1.4%14.7%
Call IV 25d26.5%20.2%33.1%21.5%33.1%
Put IV 25d28.5%20.6%41.1%20.8%41.1%
Bid-Ask Spread %89.5873.29113.0596.5482.47
Gamma HHI0.490.310.880.470.45
Net GEX-8.7K-313.8K52.7K49.8K4.5K
Net DEX-123.1K-1.8M2.3M-259.9K-104.0K
Net VEX-5.5K-8.1K-1.2K-3.2K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.004.810.000.42
Total Volume312.86401,9720218
Total OI2,350.8181,3983,6901,3982,678

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$39.73$40.0020.0%5.7%18.9%7.2%0.0%-0.7%5.4%49.8K-259.9K-3.2K0.0096.54N/AN/A001,072326
2019-07-02$39.38$40.0020.2%5.8%15.8%7.5%0.0%-1.3%6.4%43.8K-128.7K-2.9K0.0088.35N/AN/A001,072326
2019-07-03$39.83$40.0020.4%5.8%15.7%7.6%0.0%16.3%6.4%50.1K-232.1K-3.0K0.0096.85N/AN/A001,072326
2019-07-05$39.92$0.0020.3%7.5%15.6%7.5%0.0%2.7%-1.7%52.7K-210.0K-2.8K0.00113.05N/AN/A041,072326
2019-07-08$39.51$0.0022.1%7.7%16.2%9.4%0.0%8.8%-2.1%50.3K-178.3K-2.9K0.0091.91N/AN/A101,072330
2019-07-09$39.08$0.0020.4%7.7%16.5%7.6%0.0%8.0%-3.6%43.6K3.6K-2.4K0.96101.25N/AN/A26251,072330
2019-07-10$39.28$0.0027.2%7.8%16.5%14.3%0.0%8.1%-2.7%49.1K-100.3K-2.9K0.96108.35N/AN/A26251,097355
2019-07-11$38.71$0.0021.7%6.2%17.3%8.9%0.0%6.4%0.6%41.1K90.8K-2.7K4.81104.95N/AN/A261251,097355
2019-07-12$34.00$0.0027.0%7.7%49.1%14.1%26.2%-11.4%-1.9%-95.0K1.1M-1.2K1.1873.29N/AN/A9061,0661,097455
2019-07-15$36.36$35.0031.2%9.0%55.5%18.3%31.5%-3.3%-3.2%-15.0K-1.8M-6.7K0.2283.15N/AN/A7391642,1261,371
2019-07-16$37.16$35.0031.3%9.0%56.2%18.4%35.3%1.8%-4.3%-12.2K-1.5M-7.1K0.4782.64N/AN/A2861352,0401,411
2019-07-17$35.23$35.0031.8%9.1%58.9%18.9%38.1%-5.6%-4.8%-188.5K84.3K-7.1K0.5084.87N/AN/A5092551,9971,479
2019-07-18$34.89$35.0030.8%8.8%58.8%17.9%31.9%-6.0%-3.7%-313.8K713.8K-8.1K0.3578.50N/AN/A4671632,0571,595
2019-07-19$34.42$35.0030.8%8.8%58.7%17.9%31.5%-2.0%-3.7%-11.6K2.3M-7.5K0.6091.00N/AN/A4952962,0761,614
2019-07-22$34.20$35.0032.8%9.4%58.5%19.9%32.9%5.7%-4.5%-5.2K19.2K-7.7K0.2690.86N/AN/A90231,643917
2019-07-23$34.52$35.0031.9%9.1%58.5%19.0%30.0%-2.5%-3.1%3.1K-214.3K-7.9K0.3882.97N/AN/A69261,705920
2019-07-24$35.47$35.0032.8%9.4%59.5%19.8%32.5%5.2%-3.8%12.8K-721.3K-8.1K0.9683.70N/AN/A93891,747924
2019-07-25$35.01$35.0032.1%9.2%59.5%19.1%31.8%2.6%-3.5%20.7K-646.5K-8.1K0.4980.72N/AN/A169831,772899
2019-07-26$34.77$35.0032.5%9.3%59.0%19.5%32.5%10.3%-3.8%10.6K-383.0K-7.5K0.5989.48N/AN/A145851,693897
2019-07-29$34.10$35.0034.8%10.0%58.6%21.8%0.0%-6.0%-5.8%6.8K-109.5K-7.4K0.4085.87N/AN/A521,744906
2019-07-30$34.50$35.0034.5%9.9%59.0%21.5%0.0%0.0%-4.9%10.2K-311.0K-7.5K2.1379.91N/AN/A15321,749906
2019-07-31$33.94$35.0038.5%11.0%59.1%25.4%38.5%8.0%-9.0%4.5K-104.0K-7.2K0.4282.47N/AN/A153651,760918