HI Options History — December 2019

In December 2019, HI traded between $31.28 and $33.65. ATM implied volatility averaged 24.9%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 1.9% (HV 20d: 26.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 4.05.

Notable Days

  • 2019-12-09: Highest Volume — 238 contracts
  • 2019-12-09: Largest IV spike — 57.1% change
  • 2019-12-04: Highest IV Rank — 39.3%
  • 2019-12-04: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.81$31.28$33.65$31.28$33.50
Max Pain$34.29$30.00$35.00$30.00$35.00
ATM IV24.9%17.4%34.5%32.2%21.1%
Expected Move7.3%5.0%9.9%9.2%6.0%
HV 20d26.8%22.8%30.8%28.6%22.8%
HV 60d28.3%26.1%29.6%29.6%26.1%
IV Rank20.0%5.1%39.3%34.8%12.5%
IV Percentile29.0%1.6%73.8%56.0%13.5%
Term Structure3.9%-3.8%7.6%-2.1%6.2%
VWIV24.7%16.7%32.9%32.2%21.0%
Skew 25d5.7%-3.9%13.4%13.4%-3.9%
Skew 10d11.9%-6.4%42.7%41.8%-2.8%
Call IV 25d24.0%20.8%27.6%23.1%23.3%
Put IV 25d29.7%19.4%36.4%36.4%19.4%
Bid-Ask Spread %66.3035.9885.5736.8362.12
Gamma HHI0.540.370.670.370.67
Net GEX78.9K18.7K119.0K18.7K119.0K
Net DEX-584.8K-1.3M-41.5K-41.5K-569.3K
Net VEX-8.5K-9.9K-7.0K-9.6K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.050.0068.000.060.70
Total Volume58.38102383775
Total OI2,880.9052,6713,1063,1002,671

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$31.28$30.0032.2%9.2%28.6%34.8%32.2%13.4%-2.1%18.7K-41.5K-9.6K0.0636.83N/AN/A3521,6891,411
2019-12-03$31.74$30.0032.9%9.4%25.4%36.1%32.9%9.4%-1.7%38.2K-321.6K-9.8K7.4535.98N/AN/A11821,6961,410
2019-12-04$31.91$30.0034.5%9.9%25.2%39.3%16.7%13.3%-3.8%50.8K-433.2K-9.9K0.7542.79N/AN/A1291,6861,375
2019-12-05$31.86$35.0032.0%8.7%25.2%34.3%27.1%3.8%3.0%44.4K-385.1K-9.5K0.0071.50N/AN/A2701,6821,384
2019-12-06$32.91$35.0017.4%6.8%27.9%5.1%24.9%4.9%4.5%76.6K-890.9K-9.4K0.0864.79N/AN/A7361,6751,384
2019-12-09$32.34$35.0027.4%9.0%28.4%25.1%26.6%4.1%2.1%51.8K-559.7K-9.0K0.0262.02N/AN/A23441,6081,386
2019-12-10$31.68$35.0026.1%8.7%29.0%22.6%26.4%4.3%2.4%34.1K-294.0K-8.8K1.6772.55N/AN/A351,6131,386
2019-12-11$32.50$35.0029.8%8.6%30.4%30.0%25.9%3.3%3.0%63.9K-688.9K-9.0K0.0085.57N/AN/A1301,6161,388
2019-12-12$33.65$35.0025.3%7.3%30.8%20.9%25.6%5.4%4.2%109.1K-1.3M-9.6K0.0980.23N/AN/A111101,6061,388
2019-12-13$33.24$35.0023.8%6.8%30.8%18.0%22.6%4.7%6.1%82.7K-954.7K-8.5K1.3174.97N/AN/A16211,5071,383
2019-12-16$33.30$35.0023.6%6.8%30.1%17.5%24.2%5.6%5.0%99.7K-753.5K-8.6K0.1965.01N/AN/A183341,4231,402
2019-12-17$33.25$35.0023.3%6.7%28.8%16.9%31.2%5.8%5.4%95.8K-686.9K-8.3K68.0064.55N/AN/A1681,4141,383
2019-12-18$33.34$35.0023.4%6.7%28.8%17.1%25.5%5.3%5.1%98.5K-690.1K-8.7K0.5075.64N/AN/A60301,4151,445
2019-12-19$33.16$35.0023.5%6.7%26.9%17.2%0.0%4.5%4.8%83.7K-553.1K-8.2K0.0065.57N/AN/A001,3941,430
2019-12-20$33.25$35.0021.4%6.1%25.0%13.1%21.7%4.0%5.6%96.2K-591.0K-8.1K0.0880.16N/AN/A2521,3941,430
2019-12-23$33.08$35.0020.4%5.9%24.7%11.1%21.1%7.1%6.8%86.6K-433.5K-7.6K0.0468.25N/AN/A2511,3591,336
2019-12-24$33.14$35.0022.8%6.5%23.7%15.8%22.8%5.3%5.3%91.9K-530.3K-7.7K0.0069.10N/AN/A801,3551,336
2019-12-26$33.19$35.0017.4%5.0%23.6%5.1%20.5%5.2%7.6%101.3K-512.2K-7.4K0.0071.82N/AN/A1101,3511,336
2019-12-27$33.26$35.0021.3%6.1%23.5%13.0%21.7%5.3%6.3%102.6K-530.1K-7.5K0.0072.72N/AN/A1001,3431,336
2019-12-30$33.41$35.0022.6%6.5%23.5%15.4%22.7%8.3%6.0%110.7K-588.2K-7.1K0.0670.19N/AN/A1811,3371,336
2019-12-31$33.50$35.0021.1%6.0%22.8%12.5%21.0%-3.9%6.2%119.0K-569.3K-7.0K0.7062.12N/AN/A44311,3351,336