HI Options History — November 2019

In November 2019, HI traded between $30.57 and $33.39. ATM implied volatility averaged 34.8%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.5% (HV 20d: 28.3%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.81.

Notable Days

  • 2019-11-13: Highest Volume — 832 contracts
  • 2019-11-05: Largest IV spike — 49.4% change
  • 2019-11-20: Highest IV Rank — 36.9%
  • 2019-11-13: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.13$30.57$33.39$31.61$31.69
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV34.8%26.8%43.4%35.1%29.5%
Expected Move9.2%7.7%11.4%10.1%8.5%
HV 20d28.3%23.1%32.1%27.2%30.4%
HV 60d31.0%29.6%32.6%32.0%29.6%
IV Rank28.9%14.2%36.9%20.4%29.3%
IV Percentile67.8%39.7%96.4%77.8%46.0%
Term Structure-1.3%-5.9%2.6%0.4%1.3%
VWIV29.4%14.1%35.6%32.1%15.4%
Skew 25d8.3%1.8%23.5%8.9%9.9%
Skew 10d25.6%4.4%41.8%35.4%40.5%
Call IV 25d26.9%18.2%35.9%26.1%19.6%
Put IV 25d35.2%29.2%46.1%35.1%29.5%
Bid-Ask Spread %66.8935.7692.3189.8540.69
Gamma HHI0.350.250.580.250.41
Net GEX14.6K-13.5K83.3K-9.1K35.8K
Net DEX-579.6K-1.2M256.9K-394.5K-289.7K
Net VEX-8.3K-10.8K-6.7K-8.4K-10.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.0013.2013.200.00
Total Volume186.15583255
Total OI2,842.652,2593,5582,4563,104

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$31.61$30.0035.1%10.1%27.2%20.4%0.0%8.9%0.4%-9.1K-394.5K-8.4K0.0089.85N/AN/A051,0081,448
2019-11-04$32.84$30.0028.9%9.0%29.1%14.2%32.1%6.6%-0.5%2.6K-966.3K-7.6K13.2090.49N/AN/A101321,0081,447
2019-11-05$33.15$30.0043.3%9.4%27.0%28.6%32.6%7.2%-2.3%1.9K-1.1M-7.7K0.0586.81N/AN/A2211,0121,557
2019-11-06$33.25$30.0040.4%9.2%27.0%25.7%34.2%7.4%-1.8%6.3K-1.2M-7.3K0.2991.86N/AN/A98281,0161,558
2019-11-07$33.39$30.0042.9%9.2%27.0%28.2%32.3%6.8%-3.4%2.7K-1.1M-7.3K1.1792.31N/AN/A12149811,582
2019-11-08$33.06$30.0039.5%9.4%23.1%24.8%34.7%5.8%-2.4%-2.2K-1.1M-6.8K10.0091.67N/AN/A3309961,590
2019-11-11$32.64$30.0042.8%9.1%23.9%28.1%32.1%4.8%-1.1%-7.5K-836.6K-7.0K0.2789.50N/AN/A1139991,591
2019-11-12$32.43$30.0043.4%10.7%24.2%28.7%33.0%4.3%-4.1%-13.5K-869.3K-7.1K0.0890.16N/AN/A139111,0131,609
2019-11-13$31.52$30.0039.8%11.4%26.8%25.1%35.6%5.3%-5.9%-13.1K-726.3K-7.2K2.9164.16N/AN/A2136191,1161,620
2019-11-14$32.09$30.0033.1%9.5%27.3%36.6%31.3%6.8%-2.0%-10.1K-913.6K-6.7K0.3592.20N/AN/A110391,2892,269
2019-11-15$32.69$30.0026.8%7.7%27.8%23.9%30.5%4.4%2.6%1.3K-1.1M-6.8K0.0478.95N/AN/A339121,2962,250
2019-11-18$31.95$30.0032.1%9.2%29.3%34.5%31.1%3.0%0.2%15.9K-90.8K-7.9K0.0140.69N/AN/A76651,0341,225
2019-11-19$32.15$30.0033.0%9.5%28.6%36.4%32.7%5.7%-0.9%83.3K-726.5K-10.8K1.1651.62N/AN/A32371,7821,227
2019-11-20$31.30$30.0033.3%9.5%29.7%36.9%17.4%19.4%-1.3%52.8K-241.5K-10.3K4.4763.29N/AN/A321431,7941,263
2019-11-21$30.57$30.0031.8%9.1%30.8%34.0%31.5%23.5%-0.6%22.6K256.9K-10.3K0.2836.46N/AN/A136381,7761,399
2019-11-22$31.12$30.0031.0%8.9%31.2%32.3%28.9%11.0%-2.0%24.8K151.8K-9.5K0.0138.38N/AN/A28941,7061,417
2019-11-25$31.80$30.0030.9%8.9%32.1%32.2%14.1%12.4%-1.4%35.2K-171.3K-8.6K0.0736.23N/AN/A8661,4901,415
2019-11-26$31.72$30.0029.2%8.4%32.1%28.7%29.2%1.8%-0.1%30.8K-96.7K-8.6K0.0136.70N/AN/A27121,4681,410
2019-11-27$31.60$30.0029.2%8.4%31.7%28.8%15.4%10.0%-0.2%32.5K-207.6K-10.1K0.0535.76N/AN/A1911,6781,410
2019-11-29$31.69$30.0029.5%8.5%30.4%29.3%0.0%9.9%1.3%35.8K-289.7K-10.4K0.0040.69N/AN/A501,6931,411