HI Options History — April 2020

In April 2020, HI traded between $16.57 and $22.45. ATM implied volatility averaged 79.1%, placing in the 45.5% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 35.9% (HV 20d: 115.0%). Max pain ranged from $15.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-04-01: Highest Volume — 670 contracts
  • 2020-04-27: Largest IV drop — 35.6% change
  • 2020-04-03: Highest IV Rank — 65.6%
  • 2020-04-24: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.90$16.57$22.45$16.57$21.20
Max Pain$16.67$15.00$25.00$25.00$17.50
ATM IV79.1%57.0%107.7%88.1%57.0%
Expected Move22.4%16.3%27.0%25.2%16.3%
HV 20d115.0%91.2%136.4%125.6%91.2%
HV 60d86.2%77.0%94.0%77.0%94.0%
IV Rank45.5%30.0%65.6%51.8%30.0%
IV Percentile90.4%82.9%96.4%93.7%82.9%
Term Structure-38.9%-70.5%-11.4%-11.4%-23.9%
VWIV73.5%36.9%106.7%106.7%54.2%
Skew 25d19.8%-3.0%32.0%24.2%2.8%
Skew 10d39.3%-15.5%70.2%8.4%10.6%
Call IV 25d69.7%34.8%105.7%105.7%70.8%
Put IV 25d89.6%56.5%129.8%129.8%73.7%
Bid-Ask Spread %88.1170.53118.6499.35101.82
Gamma HHI0.220.150.360.150.20
Net GEX19.2K7.1K37.1K7.1K26.2K
Net DEX-325.5K-1.9M598.2K598.2K-1.5M
Net VEX-9.8K-12.2K-8.7K-8.8K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.006.670.000.03
Total Volume1471467067032
Total OI4,980.2383,6756,2025,2023,747

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$16.57$25.0088.1%25.2%125.6%51.8%106.7%24.2%-11.4%7.1K598.2K-8.8K0.0099.35N/AN/A67003,6421,560
2020-04-02$17.19$17.5089.1%26.0%127.1%52.6%85.3%25.4%-44.0%9.5K416.9K-9.6K0.1070.53N/AN/A7173,8711,560
2020-04-03$16.60$15.00107.7%26.8%127.2%65.6%48.6%30.2%-37.1%10.2K465.1K-9.2K0.0483.82N/AN/A13763,9331,557
2020-04-06$18.42$15.0085.3%22.9%132.5%49.9%78.9%27.0%-40.7%14.1K86.3K-10.5K0.0275.31N/AN/A645124,0771,562
2020-04-07$18.69$15.0091.2%25.6%132.7%54.1%69.4%27.7%-70.5%26.1K-92.4K-10.7K0.0871.99N/AN/A186144,5671,570
2020-04-08$18.70$15.0070.3%20.2%129.2%39.4%0.0%13.6%-51.1%23.9K-58.7K-10.5K1.0780.82N/AN/A27294,5441,574
2020-04-09$20.72$15.0075.8%21.7%128.3%43.2%68.0%27.5%-43.6%37.1K-894.4K-12.2K0.1582.78N/AN/A407634,5591,597
2020-04-13$19.31$15.0072.7%20.8%130.8%41.0%70.3%20.0%-39.5%24.0K-133.8K-10.6K0.1487.19N/AN/A3554,5291,628
2020-04-14$19.88$15.0077.1%22.1%131.0%44.1%72.7%13.3%-36.3%28.1K-194.5K-10.1K0.6882.22N/AN/A19134,5551,625
2020-04-15$17.97$15.0088.3%25.3%136.4%52.0%87.7%21.1%-49.6%15.5K455.4K-8.9K0.9183.12N/AN/A34314,5421,616
2020-04-16$17.84$15.0073.9%21.2%116.1%41.9%71.4%13.5%-32.1%15.0K464.5K-9.0K0.6482.95N/AN/A47304,5621,607
2020-04-17$18.91$15.0069.3%19.9%112.9%38.7%70.7%18.6%-25.8%17.2K273.1K-9.3K1.0594.18N/AN/A62654,5981,604
2020-04-20$18.72$17.5086.0%24.7%111.6%50.4%80.6%16.7%-56.5%17.2K-729.3K-10.0K0.0084.30N/AN/A6002,6031,072
2020-04-21$18.20$17.5085.9%24.6%104.7%50.3%99.7%28.3%-49.2%16.7K-636.0K-9.7K6.6782.83N/AN/A6402,6361,072
2020-04-22$18.42$17.5083.7%24.0%97.1%48.8%0.0%32.0%-46.7%15.8K-599.7K-9.6K0.0089.68N/AN/A1402,6291,112
2020-04-23$19.14$17.5071.8%20.6%95.4%40.4%67.4%4.0%-30.7%17.3K-689.2K-9.4K0.0090.85N/AN/A2102,6291,112
2020-04-24$18.44$17.5094.3%27.0%94.3%56.2%92.8%21.0%-56.1%15.3K-493.5K-8.7K0.4382.34N/AN/A1462,6191,114
2020-04-27$19.37$17.5060.8%17.4%94.0%32.6%68.8%30.8%-20.8%18.1K-699.9K-8.9K0.10103.09N/AN/A3132,6141,120
2020-04-28$20.26$17.5061.8%17.7%95.2%33.3%36.9%21.7%-21.1%21.0K-1.0M-9.4K0.03118.64N/AN/A6322,6171,122
2020-04-29$22.45$17.5070.9%20.3%101.1%39.7%66.8%-3.0%-29.7%28.8K-1.9M-10.3K0.02102.46N/AN/A17732,6041,124
2020-04-30$21.20$17.5057.0%16.3%91.2%30.0%54.2%2.8%-23.9%26.2K-1.5M-9.9K0.03101.82N/AN/A3112,6221,125