HI Options History — September 2019

In September 2019, HI traded between $26.89 and $31.94. ATM implied volatility averaged 32.9%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 1.2% (HV 20d: 34.1%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 3.67.

Notable Days

  • 2019-09-11: Highest Volume — 280 contracts
  • 2019-09-05: Largest IV drop — 41.3% change
  • 2019-09-04: Highest IV Rank — 29.8%
  • 2019-09-04: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.13$26.89$31.94$26.89$31.05
Max Pain$29.50$25.00$30.00$25.00$30.00
ATM IV32.9%25.2%43.0%40.5%31.6%
Expected Move9.7%8.8%12.3%11.6%9.1%
HV 20d34.1%30.1%39.0%32.8%30.4%
HV 60d44.2%41.6%45.0%41.6%44.9%
IV Rank19.4%12.3%29.8%27.4%17.3%
IV Percentile67.9%40.5%92.9%90.9%58.7%
Term Structure0.3%-9.4%5.9%-2.5%4.8%
VWIV32.6%17.9%40.6%40.6%32.0%
Skew 25d8.5%3.1%16.2%16.2%8.7%
Skew 10d13.9%-0.5%26.3%14.1%11.5%
Call IV 25d28.1%22.1%33.4%24.1%22.9%
Put IV 25d36.7%30.9%40.7%40.2%31.6%
Bid-Ask Spread %76.0265.3687.6779.8869.35
Gamma HHI0.470.210.770.390.30
Net GEX49.8K-31.9K188.1K3.0K-20.6K
Net DEX-627.6K-3.2M1.2M1.2M230.6K
Net VEX-8.6K-10.1K-7.5K-7.9K-8.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.670.0047.000.0047.00
Total Volume80.25328023048
Total OI4,073.53,0924,6114,1573,465

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$26.89$25.0040.5%11.6%32.8%27.4%40.6%16.2%-2.5%3.0K1.2M-7.9K0.0079.88N/AN/A02302,7211,436
2019-09-04$27.41$25.0043.0%12.3%32.9%29.8%17.9%12.4%-9.4%7.1K1.2M-9.1K0.0074.61N/AN/A302,7211,665
2019-09-05$28.38$30.0025.2%9.0%35.6%12.3%31.5%7.8%0.6%65.4K608.8K-9.5K0.8370.75N/AN/A652,7551,665
2019-09-06$27.97$30.0026.4%8.8%35.4%13.5%0.0%6.9%1.5%32.1K747.2K-9.7K1.4371.15N/AN/A7102,7571,668
2019-09-09$28.54$30.0026.2%9.1%35.9%13.2%37.8%3.9%0.2%77.7K591.1K-9.2K0.4480.43N/AN/A942,7621,678
2019-09-10$29.69$30.0032.7%9.3%36.8%19.6%32.6%13.0%-0.2%160.1K-370.1K-10.1K0.8779.23N/AN/A15132,7631,682
2019-09-11$30.88$30.0033.5%9.6%39.0%20.4%33.4%4.0%-0.9%164.7K-1.6M-10.0K0.0177.32N/AN/A27822,7651,695
2019-09-12$31.05$30.0034.4%9.8%36.4%21.3%33.9%5.1%-1.9%188.1K-2.2M-10.0K0.0378.18N/AN/A7122,9141,697
2019-09-13$31.55$30.0032.9%9.4%36.2%19.8%30.5%4.4%0.3%134.5K-2.8M-9.3K1.8875.60N/AN/A8152,8911,699
2019-09-16$31.94$30.0034.4%9.9%35.3%21.3%34.3%3.1%-0.3%9.2K-3.2M-8.1K0.5084.67N/AN/A1052,7961,698
2019-09-17$31.37$30.0034.0%9.8%35.7%21.0%34.0%4.0%0.1%54.2K-2.8M-8.3K0.0077.59N/AN/A24202,7861,703
2019-09-18$30.91$30.0034.6%9.9%36.0%21.6%0.0%6.9%0.1%105.3K-2.1M-8.1K1.0087.15N/AN/A332,6061,703
2019-09-19$30.89$30.0032.2%9.2%35.7%18.3%0.0%6.1%2.5%149.2K-2.0M-8.0K2.6087.67N/AN/A5132,6111,704
2019-09-20$30.66$30.0033.1%9.5%35.9%19.3%33.5%6.8%0.4%-28.8K-2.1M-7.7K0.2877.31N/AN/A71202,6061,717
2019-09-23$30.45$30.0033.1%9.5%30.6%19.0%32.9%16.0%-0.9%-31.9K651.1K-7.5K0.2071.74N/AN/A100201,6781,414
2019-09-24$30.11$30.0034.0%9.8%31.2%19.9%34.0%15.1%0.4%-27.7K666.0K-7.7K0.0067.69N/AN/A801,7621,452
2019-09-25$30.86$30.0032.3%9.3%30.5%18.1%32.2%6.5%2.0%-23.6K409.5K-7.5K0.0173.61N/AN/A17821,7541,452
2019-09-26$30.78$30.0032.4%9.3%30.5%18.1%31.2%14.1%3.1%-12.6K259.1K-7.7K0.8465.36N/AN/A25211,8391,454
2019-09-27$31.28$30.0031.9%9.1%30.1%17.6%32.0%9.8%5.9%-8.7K27.2K-7.8K11.7571.02N/AN/A121411,8641,472
2019-09-30$31.05$30.0031.6%9.1%30.4%17.3%0.0%8.7%4.8%-20.6K230.6K-8.1K47.0069.35N/AN/A1471,8751,590