HI Options History — May 2020

In May 2020, HI traded between $18.57 and $27.38. ATM implied volatility averaged 83.6%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded below realized volatility by 3.6% (HV 20d: 87.2%). Max pain ranged from $15.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 2.20.

Notable Days

  • 2020-05-04: Highest Volume — 306 contracts
  • 2020-05-20: Largest IV drop — 64.0% change
  • 2020-05-18: Highest IV Rank — 100.0%
  • 2020-05-19: Largest Expected Move — 45.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.24$18.57$27.38$19.88$25.86
Max Pain$17.75$15.00$25.00$17.50$25.00
ATM IV83.6%44.4%158.5%89.0%55.3%
Expected Move27.7%12.7%45.4%25.5%15.8%
HV 20d87.2%78.9%94.6%94.6%82.8%
HV 60d98.7%94.5%102.3%94.7%102.2%
IV Rank48.5%20.9%100.0%52.5%28.4%
IV Percentile86.6%74.2%100.0%92.1%76.6%
Term Structure11.9%-43.8%32.3%-43.8%5.2%
VWIV56.1%41.9%76.5%76.5%59.1%
Skew 25d46.2%8.7%187.2%26.0%18.0%
Skew 10d38.8%8.4%92.0%61.9%49.2%
Call IV 25d57.4%36.6%77.4%77.4%47.3%
Put IV 25d103.6%56.9%246.3%103.4%65.3%
Bid-Ask Spread %126.3788.50136.9488.50130.04
Gamma HHI0.300.170.650.220.25
Net GEX31.1K11.2K90.3K19.9K27.7K
Net DEX-1.8M-3.7M-421.3K-968.5K-3.1M
Net VEX-8.6K-9.9K-6.9K-9.4K-8.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.200.0034.170.007.14
Total Volume124.45530630114
Total OI3,970.23,4704,5123,7623,536

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$19.88$17.5089.0%25.5%94.6%52.5%76.5%26.0%-43.8%19.9K-968.5K-9.4K0.0088.50N/AN/A3002,6381,124
2020-05-04$19.45$15.0092.8%31.8%93.9%55.1%0.0%58.4%15.0%20.3K-921.7K-9.5K0.00129.29N/AN/A30602,6511,124
2020-05-05$19.61$15.0099.9%31.9%86.8%60.1%0.0%41.3%14.6%37.4K-975.7K-8.6K0.00131.65N/AN/A25303,1091,124
2020-05-06$18.95$15.0080.6%31.7%87.7%46.6%76.5%51.3%12.2%33.2K-749.9K-8.6K0.36130.82N/AN/A61223,3321,124
2020-05-07$19.97$15.0075.1%32.2%89.6%42.7%67.0%39.4%23.6%50.4K-1.2M-9.2K0.02132.78N/AN/A4813,3531,110
2020-05-08$21.39$15.0054.9%39.8%85.3%28.6%61.8%101.2%9.0%90.3K-1.8M-9.9K0.19133.22N/AN/A88173,3511,111
2020-05-11$20.44$15.0079.3%34.1%82.9%45.7%0.0%73.6%24.0%63.1K-1.3M-8.9K0.30130.78N/AN/A43133,3901,098
2020-05-12$20.01$15.0077.5%34.1%82.8%44.4%0.0%41.2%16.3%39.8K-952.3K-8.0K0.00134.38N/AN/A503,3901,108
2020-05-13$18.57$15.0088.1%25.3%78.9%51.8%0.0%27.9%30.1%11.2K-421.3K-6.9K34.17130.37N/AN/A62053,3891,108
2020-05-14$19.03$15.00125.3%35.9%79.2%78.1%0.0%35.3%6.7%23.1K-608.5K-7.4K0.80131.30N/AN/A543,3901,122
2020-05-15$21.06$15.00125.7%36.0%84.5%78.3%41.9%87.9%32.3%13.2K-1.3M-8.3K0.00132.11N/AN/A24413,3871,124
2020-05-18$23.22$15.00157.1%45.1%90.4%100.0%52.3%187.2%26.4%16.8K-1.8M-8.3K0.00120.08N/AN/A9602,4161,054
2020-05-19$23.18$15.00158.5%45.4%89.3%100.0%51.3%33.2%21.8%19.8K-2.1M-9.1K0.02126.03N/AN/A12232,4601,054
2020-05-20$24.27$15.0057.1%16.4%90.1%29.7%56.9%14.0%-1.1%20.5K-2.4M-8.2K0.28120.69N/AN/A183522,4931,053
2020-05-21$24.82$17.5044.4%12.7%89.7%20.9%44.6%8.7%15.3%26.8K-2.7M-9.0K0.01124.18N/AN/A15712,4961,009
2020-05-22$24.62$25.0058.1%16.7%88.1%30.4%0.0%27.6%-1.7%21.0K-2.5M-7.7K0.55112.17N/AN/A1162,5091,010
2020-05-26$26.74$25.0044.7%12.8%90.7%21.1%46.9%18.4%-1.7%29.2K-3.5M-9.0K0.07136.94N/AN/A177122,5271,010
2020-05-27$27.38$25.0052.5%15.1%90.1%26.5%45.4%15.2%20.2%30.3K-3.7M-8.3K0.05124.21N/AN/A16182,5311,022
2020-05-28$26.41$25.0055.6%15.9%85.5%28.6%49.5%17.5%13.5%28.8K-3.4M-8.9K0.03127.97N/AN/A3312,5481,019
2020-05-29$25.86$25.0055.3%15.8%82.8%28.4%59.1%18.0%5.2%27.7K-3.1M-8.9K7.14130.04N/AN/A141002,5161,020