HI Options History — January 2020

In January 2020, HI traded between $28.94 and $33.51. ATM implied volatility averaged 31.3%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 15.0% (HV 20d: 16.3%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 36.52.

Notable Days

  • 2020-01-13: Highest Volume — 1,950 contracts
  • 2020-01-10: Largest IV spike — 62.2% change
  • 2020-01-27: Highest IV Rank — 50.7%
  • 2020-01-27: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.83$28.94$33.51$33.42$28.94
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV31.3%14.3%39.9%20.4%38.2%
Expected Move9.7%5.8%11.4%5.8%10.9%
HV 20d16.3%10.4%22.6%22.5%19.6%
HV 60d24.5%23.1%25.9%25.9%23.1%
IV Rank33.5%0.0%50.7%11.1%47.3%
IV Percentile61.2%0.0%94.4%9.9%88.1%
Term Structure-2.6%-7.2%7.6%7.6%-3.0%
VWIV33.2%20.2%42.6%22.2%37.5%
Skew 25d3.9%-6.1%16.7%11.4%-4.1%
Skew 10d6.2%-6.5%26.7%10.9%-4.0%
Call IV 25d30.9%20.5%36.3%20.5%35.7%
Put IV 25d34.8%20.7%47.1%31.9%31.6%
Bid-Ask Spread %86.4250.30102.8272.05102.82
Gamma HHI0.430.260.660.640.50
Net GEX-97.2K-205.2K112.3K104.2K-136.6K
Net DEX3.2M-506.7K6.3M-474.8K6.3M
Net VEX-9.3K-13.0K-6.4K-6.5K-8.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio36.520.00649.0017.000.00
Total Volume159.28601,9501818
Total OI3,792.5712,6314,8512,6314,346

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$33.42$35.0020.4%5.8%22.5%11.1%22.2%11.4%7.6%104.2K-474.8K-6.5K17.0072.05N/AN/A1171,2961,335
2020-01-03$33.51$35.0020.4%5.9%22.5%11.1%20.2%-6.1%7.2%112.3K-506.7K-6.4K1.0077.29N/AN/A221,2951,351
2020-01-06$33.34$35.0020.3%7.9%22.6%10.9%27.0%7.1%0.3%96.4K-429.3K-6.5K13.4590.89N/AN/A314171,2931,349
2020-01-07$32.99$35.0015.8%8.3%20.0%1.8%0.0%5.5%-0.9%393711.4K-7.3K0.0090.89N/AN/A201,2791,759
2020-01-08$33.11$35.0014.3%8.2%18.9%0.0%28.3%5.8%-0.5%4.0K668.6K-7.2K0.0090.72N/AN/A20401,2811,759
2020-01-09$33.01$35.0015.8%8.0%17.1%2.9%28.1%5.2%-0.2%-11.6K666.1K-7.5K0.0089.89N/AN/A601,2841,759
2020-01-10$32.43$35.0025.6%9.4%16.1%22.4%33.2%3.3%-2.2%-31.4K878.9K-7.0K0.0090.65N/AN/A801,2841,759
2020-01-13$31.97$35.0035.2%10.4%10.4%41.5%33.9%2.1%-4.1%-38.1K863.2K-6.8K649.0090.52N/AN/A31,9471,2881,719
2020-01-14$32.23$35.0038.8%10.9%10.4%48.6%36.0%3.6%-7.2%-197.2K4.1M-13.0K2.4089.45N/AN/A5121,2903,549
2020-01-15$32.07$35.0035.2%10.1%10.4%41.4%34.2%0.6%-3.9%-203.8K4.3M-12.5K0.0083.01N/AN/A701,2923,559
2020-01-16$32.50$35.0035.4%10.2%11.7%41.9%0.0%1.9%-2.9%-205.0K4.0M-12.6K0.0091.13N/AN/A001,2923,559
2020-01-17$32.64$35.0033.1%9.5%11.8%37.3%0.0%5.0%-5.1%-205.2K3.9M-12.6K0.0092.17N/AN/A2501,2923,559
2020-01-21$32.25$35.0039.7%11.4%12.4%50.4%34.6%4.7%-7.1%-201.4K4.3M-11.4K0.0350.30N/AN/A15755663,276
2020-01-22$32.03$35.0037.8%10.8%12.4%46.4%35.1%2.5%-3.9%-187.7K4.4M-11.4K0.0079.63N/AN/A2107213,278
2020-01-23$31.57$35.0039.1%11.2%13.2%49.1%38.9%1.3%-5.6%-177.4K4.7M-11.1K0.9688.41N/AN/A24237323,278
2020-01-24$30.44$35.0037.5%10.7%17.8%45.9%37.5%-3.3%-4.1%-152.4K5.5M-9.4K1.1488.20N/AN/A36417533,300
2020-01-27$29.94$35.0039.9%11.4%18.1%50.7%36.6%16.7%-6.0%-145.7K5.7M-9.0K6.7493.67N/AN/A342297293,309
2020-01-28$30.20$35.0038.3%11.0%18.6%47.6%38.3%4.1%-4.0%-159.6K5.8M-10.4K2.0095.08N/AN/A487483,538
2020-01-29$29.98$35.0039.0%11.2%18.3%49.0%42.6%13.7%-5.3%-154.7K5.8M-9.5K0.0073.56N/AN/A087523,538
2020-01-30$29.76$35.0037.5%10.7%18.1%45.9%37.5%0.4%-4.7%-151.4K6.1M-9.1K0.1794.38N/AN/A4177523,546
2020-01-31$28.94$35.0038.2%10.9%19.6%47.3%0.0%-4.1%-3.0%-136.6K6.3M-8.9K0.00102.82N/AN/A1807933,553