HI Options History — February 2020

In February 2020, HI traded between $23.13 and $29.72. ATM implied volatility averaged 39.3%, placing in the 49.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 9.1% (HV 20d: 30.2%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 5.34.

Notable Days

  • 2020-02-21: Highest Volume — 1,092 contracts
  • 2020-02-10: Largest IV spike — 72.8% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.36$23.13$29.72$28.97$23.13
Max Pain$30.79$30.00$35.00$35.00$30.00
ATM IV39.3%14.6%70.3%47.4%70.3%
Expected Move11.5%7.5%20.2%13.6%20.2%
HV 20d30.2%19.5%42.3%19.5%42.3%
HV 60d25.9%23.0%31.0%23.0%31.0%
IV Rank49.0%0.5%100.0%65.6%100.0%
IV Percentile73.2%0.4%100.0%99.2%100.0%
Term Structure-4.7%-21.6%1.5%-8.2%-21.6%
VWIV39.3%23.3%73.0%60.8%73.0%
Skew 25d7.9%0.7%18.2%17.0%8.1%
Skew 10d10.8%-3.2%29.2%28.1%3.8%
Call IV 25d35.5%22.8%61.7%40.0%61.7%
Put IV 25d43.5%31.3%69.8%57.0%69.8%
Bid-Ask Spread %78.4457.8888.9484.4186.71
Gamma HHI0.480.270.770.400.27
Net GEX-95.1K-187.8K25.5K-147.9K-14.1K
Net DEX5.4M527.0K7.6M6.3M1.7M
Net VEX-8.9K-12.7K-6.3K-10.0K-7.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.340.0059.9259.927.33
Total Volume257.89591,09279225
Total OI5,4843,7916,7894,7093,971

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$28.97$35.0047.4%13.6%19.5%65.6%60.8%17.0%-8.2%-147.9K6.3M-10.0K59.9284.41N/AN/A137797913,918
2020-02-04$29.35$35.0051.9%14.9%20.8%74.5%58.7%6.3%-12.9%-182.9K6.3M-11.0K4.6786.91N/AN/A3148044,697
2020-02-05$29.72$35.0053.4%15.3%21.8%77.6%55.0%18.2%-16.5%-186.3K6.1M-10.9K0.8077.56N/AN/A50408044,700
2020-02-06$28.62$30.0026.0%7.6%24.3%23.1%27.0%5.5%-0.5%-158.9K6.8M-6.8K0.2066.75N/AN/A137278244,718
2020-02-07$28.55$30.0014.6%7.5%24.4%0.5%29.9%4.8%0.6%-110.2K6.9M-6.3K3.8375.67N/AN/A6239254,731
2020-02-10$29.01$30.0025.2%7.7%25.4%21.5%27.8%2.5%-0.5%-164.0K6.6M-6.9K0.2276.50N/AN/A64149254,749
2020-02-11$29.18$30.0026.1%7.8%25.4%23.3%27.1%7.4%-1.3%-164.4K6.4M-6.7K4.5974.57N/AN/A442029714,735
2020-02-12$29.39$30.0028.0%8.0%25.4%27.2%28.1%3.2%-0.2%-187.8K6.5M-8.8K0.1178.00N/AN/A528591,0024,918
2020-02-13$28.38$30.0026.3%7.5%27.6%23.7%26.3%4.6%1.0%-72.7K7.0M-8.7K0.5988.94N/AN/A133781,4484,964
2020-02-14$27.02$30.0035.7%10.2%30.5%42.3%32.9%5.5%-2.1%-119.7K7.4M-9.2K1.0975.37N/AN/A1381511,5475,017
2020-02-18$26.61$30.0036.3%10.4%30.1%43.6%33.8%2.7%-2.4%-134.6K7.6M-9.3K0.4073.27N/AN/A40161,6845,095
2020-02-19$26.35$30.0036.4%10.4%30.1%43.9%23.3%14.9%-3.4%-95.7K7.4M-8.7K0.1985.75N/AN/A4281,7045,084
2020-02-20$26.98$30.0038.0%10.9%32.4%46.9%38.0%7.8%-3.2%-36.8K7.2M-9.0K0.8088.64N/AN/A541,7055,084
2020-02-21$27.91$30.0033.4%9.6%35.6%37.8%37.4%7.4%1.5%-19.9K7.0M-9.6K0.0075.82N/AN/A1,09021,7055,082
2020-02-24$26.82$30.0044.7%12.8%36.0%60.2%37.8%4.9%-2.8%25.5K527.0K-12.7K3.2385.67N/AN/A30972,3601,681
2020-02-25$25.33$30.0046.5%13.3%40.2%63.8%29.0%16.2%-4.8%-12.9K1.5M-10.2K12.8567.82N/AN/A557072,3691,735
2020-02-26$24.45$30.0045.2%13.0%40.8%61.3%52.7%0.7%-3.8%-21.3K1.5M-7.4K0.6157.88N/AN/A157962,3711,420
2020-02-27$24.16$30.0061.6%17.7%40.8%93.8%48.3%12.9%-8.0%-2.2K1.3M-8.8K0.0584.22N/AN/A2212,5081,450
2020-02-28$23.13$30.0070.3%20.2%42.3%100.0%73.0%8.1%-21.6%-14.1K1.7M-7.4K7.3386.71N/AN/A3222,5201,451