HI Options History — August 2019

In August 2019, HI traded between $26.26 and $32.16. ATM implied volatility averaged 35.9%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 5.9% (HV 20d: 41.8%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 12.85.

Notable Days

  • 2019-08-27: Highest Volume — 1,356 contracts
  • 2019-08-12: Largest IV spike — 60.5% change
  • 2019-08-13: Highest IV Rank — 28.6%
  • 2019-08-26: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.28$26.26$32.16$32.16$27.38
Max Pain$28.18$25.00$35.00$35.00$25.00
ATM IV35.9%21.6%41.7%32.7%39.6%
Expected Move10.1%9.0%11.8%9.4%11.4%
HV 20d41.8%30.0%61.7%60.8%32.6%
HV 60d40.4%38.9%41.7%38.9%41.6%
IV Rank22.9%8.8%28.6%19.8%26.5%
IV Percentile80.6%25.0%91.7%74.2%90.1%
Term Structure-1.6%-8.7%1.0%-0.6%-8.7%
VWIV33.6%27.1%40.9%30.0%34.7%
Skew 25d4.8%1.3%14.1%14.1%1.3%
Skew 10d6.8%-5.7%15.1%15.1%-2.0%
Call IV 25d32.4%20.4%38.1%20.4%32.9%
Put IV 25d37.2%33.7%41.4%34.5%34.2%
Bid-Ask Spread %79.9168.7789.8184.4174.58
Gamma HHI0.510.350.710.350.45
Net GEX13.1K-32.0K80.4K1.3K22.0K
Net DEX1.2M66.0K2.5M637.9K982.9K
Net VEX-7.1K-9.1K-5.3K-6.3K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.850.00159.000.8111.80
Total Volume246.22781,35624864
Total OI3,618.4552,7584,2632,7584,101

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$32.16$35.0032.7%9.4%60.8%19.8%30.0%14.1%-0.6%1.3K637.9K-6.3K0.8184.41N/AN/A1371111,853905
2019-08-02$30.88$35.0033.4%9.6%61.5%20.4%30.7%7.7%-4.2%-4.3K1.1M-5.7K2.2568.77N/AN/A8181,878907
2019-08-05$30.49$30.0039.6%9.9%61.5%26.6%34.7%3.6%-1.7%-3.9K1.2M-5.8K13.1389.80N/AN/A151971,874919
2019-08-06$29.62$30.0035.5%9.4%61.7%22.5%32.8%3.7%-0.6%-23.1K1.7M-6.0K0.1785.73N/AN/A218381,8641,099
2019-08-07$29.70$30.0038.2%9.8%61.7%25.1%40.9%5.3%0.1%-11.2K1.5M-6.8K56.0089.81N/AN/A1562,0631,108
2019-08-08$29.16$30.0033.3%9.2%61.7%20.4%32.1%8.4%0.3%-15.3K1.7M-6.5K0.0076.45N/AN/A9102,0621,148
2019-08-09$28.73$30.0021.6%9.3%44.1%8.8%32.5%5.6%-0.2%-15.1K1.9M-6.0K159.0072.39N/AN/A34772,1501,148
2019-08-12$27.90$30.0034.7%9.8%34.4%21.7%36.0%5.1%0.2%-32.0K2.4M-5.3K1.1278.75N/AN/A1651852,1501,273
2019-08-13$28.05$30.0041.7%9.2%32.6%28.6%32.1%3.7%0.8%-25.2K2.4M-6.1K0.0286.43N/AN/A12222,3141,453
2019-08-14$27.16$30.0040.5%11.6%30.0%27.4%36.6%4.0%-2.0%-30.7K2.5M-5.7K0.2285.91N/AN/A388862,3711,451
2019-08-15$26.97$30.0039.1%11.2%30.1%26.1%31.2%3.1%-3.2%5.8K1.7M-6.9K0.4986.51N/AN/A80392,7501,276
2019-08-16$27.78$30.0034.6%9.9%33.6%21.6%35.3%5.3%0.1%21.1K1.4M-7.5K0.0387.55N/AN/A434132,8301,264
2019-08-19$28.48$25.0031.3%9.0%35.9%18.3%31.8%6.5%1.0%64.6K67.8K-8.8K7.7676.13N/AN/A372872,684972
2019-08-20$28.19$25.0032.0%9.2%35.3%19.0%32.0%4.3%-1.0%61.1K225.9K-8.5K0.0069.78N/AN/A802,715973
2019-08-21$27.90$25.0033.0%9.4%32.4%20.0%33.1%2.1%-1.2%52.8K359.6K-8.3K0.0080.98N/AN/A32212,719973
2019-08-22$27.95$25.0033.5%9.6%32.8%20.5%33.6%4.2%-1.5%80.4K66.0K-9.1K0.0073.40N/AN/A1603,024972
2019-08-23$26.65$25.0039.1%11.2%35.2%26.0%37.7%2.8%-3.2%44.0K751.3K-7.3K4.1983.56N/AN/A261093,006972
2019-08-26$26.75$25.0041.3%11.8%35.6%28.1%27.1%4.0%-4.1%41.3K797.9K-7.6K0.0071.74N/AN/A01773,0321,059
2019-08-27$26.26$25.0039.6%11.4%34.5%26.5%37.6%2.0%-3.1%17.1K1.2M-7.3K0.0784.65N/AN/A1,271853,0321,231
2019-08-28$26.70$25.0039.5%11.3%36.1%26.3%34.7%4.1%-3.6%9.4K1.2M-7.7K0.0072.57N/AN/A3802,6861,314
2019-08-29$27.36$25.0035.8%10.3%34.7%22.7%0.0%3.7%0.5%28.6K891.4K-8.0K0.0078.14N/AN/A0922,7171,314
2019-08-30$27.38$25.0039.6%11.4%32.6%26.5%0.0%1.3%-8.7%22.0K982.9K-8.5K11.8074.58N/AN/A5592,7171,384