HI Options History — June 2020

In June 2020, HI traded between $24.69 and $29.41. ATM implied volatility averaged 53.7%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded below realized volatility by 12.7% (HV 20d: 66.3%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.46.

Notable Days

  • 2020-06-04: Highest Volume — 785 contracts
  • 2020-06-02: Largest IV spike — 59.4% change
  • 2020-06-02: Highest IV Rank — 43.3%
  • 2020-06-02: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.83$24.69$29.41$26.53$27.06
Max Pain$23.98$20.00$25.00$25.00$25.00
ATM IV53.7%37.1%76.7%48.1%50.1%
Expected Move15.5%11.1%22.0%13.8%14.4%
HV 20d66.3%53.3%78.1%78.1%59.8%
HV 60d89.8%77.0%102.2%102.2%77.5%
IV Rank27.3%15.8%43.3%23.4%24.8%
IV Percentile73.2%55.2%84.5%74.2%69.8%
Term Structure0.7%-13.4%21.7%3.0%-8.3%
VWIV52.9%37.1%71.8%64.0%45.9%
Skew 25d11.3%-7.3%37.3%18.6%3.1%
Skew 10d22.3%6.4%100.2%9.8%33.6%
Call IV 25d48.3%33.2%64.4%45.0%33.2%
Put IV 25d59.6%36.3%75.4%63.7%36.3%
Bid-Ask Spread %101.5480.47134.97131.4788.52
Gamma HHI0.240.200.280.240.28
Net GEX16.6K8.8K28.7K20.2K15.0K
Net DEX-2.3M-4.2M-578.2K-3.2M-1.5M
Net VEX-8.3K-9.5K-7.0K-8.7K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.0013.670.340.60
Total Volume96.3185785398
Total OI3,448.2273,0603,9943,6483,185

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$26.53$25.0048.1%13.8%78.1%23.4%0.0%18.6%3.0%20.2K-3.2M-8.7K0.34131.47N/AN/A29102,5191,129
2020-06-02$26.34$25.0076.7%22.0%77.4%43.3%0.0%4.9%-13.4%19.3K-3.2M-8.1K0.00127.30N/AN/A4102,5321,129
2020-06-03$27.43$25.0059.0%16.9%77.8%31.0%0.0%15.9%3.1%21.6K-3.7M-7.8K0.04134.97N/AN/A2512,5251,129
2020-06-04$27.72$20.0046.1%14.7%75.5%22.0%64.0%11.2%-2.7%28.7K-4.2M-9.1K2.9896.55N/AN/A1975882,6491,345
2020-06-05$28.56$20.0040.7%13.1%74.6%18.3%46.8%11.7%3.6%21.5K-4.0M-9.5K0.28104.69N/AN/A36102,5091,321
2020-06-08$29.41$22.5037.1%12.9%72.3%15.8%45.0%-2.3%3.0%25.3K-4.1M-9.0K0.1398.29N/AN/A1622,3821,318
2020-06-09$29.19$22.5050.6%13.0%69.3%25.1%43.3%-4.7%8.2%24.2K-4.0M-9.1K0.03101.56N/AN/A7022,3871,316
2020-06-10$28.15$22.5043.5%12.5%70.6%20.2%47.1%3.8%3.8%21.1K-3.4M-9.1K0.33104.49N/AN/A622,4061,318
2020-06-11$25.47$22.5066.4%19.0%75.4%36.1%68.2%6.0%-6.2%10.9K-2.1M-8.7K6.30105.62N/AN/A201262,4101,319
2020-06-12$26.06$22.5064.6%18.5%75.3%34.9%37.1%37.3%-3.0%14.1K-2.3M-9.4K0.07103.27N/AN/A1412,4211,300
2020-06-15$26.53$25.0068.6%19.7%68.2%37.6%61.1%13.4%-10.0%16.5K-1.6M-8.9K0.0696.92N/AN/A3222,0081,301
2020-06-16$27.55$25.0046.2%13.2%61.2%22.1%52.6%5.4%0.4%16.9K-2.0M-8.5K0.0098.84N/AN/A5902,0161,301
2020-06-17$26.43$25.0058.8%16.9%63.6%30.8%49.4%12.5%-3.5%12.8K-1.6M-8.2K0.0096.81N/AN/A4402,0341,301
2020-06-18$26.41$25.0038.8%11.1%61.9%16.9%50.7%5.2%15.8%12.5K-1.6M-8.0K0.0099.59N/AN/A702,0311,301
2020-06-19$26.30$25.0047.5%13.6%61.6%23.0%49.6%0.2%8.1%15.8K-1.7M-8.1K1.3383.69N/AN/A342,0341,301
2020-06-22$26.51$25.0045.1%12.9%61.5%21.3%46.5%24.9%21.7%15.5K-1.3M-8.0K1.6888.36N/AN/A28471,8611,199
2020-06-23$26.38$25.0048.4%13.9%54.0%23.6%49.7%11.9%6.8%10.3K-1.2M-7.4K3.1980.47N/AN/A1344281,8651,244
2020-06-24$25.45$25.0064.1%18.4%54.6%34.5%71.8%22.6%-3.9%9.7K-856.2K-7.5K0.6789.34N/AN/A321,8631,244
2020-06-25$25.57$25.0059.0%16.9%53.3%31.0%58.8%26.8%-0.6%10.2K-926.8K-7.3K13.6795.24N/AN/A3411,8641,245
2020-06-26$24.69$25.0067.1%19.2%54.2%36.6%63.3%26.4%0.0%8.8K-578.2K-7.3K0.33104.22N/AN/A1241,8651,281
2020-06-29$26.51$25.0054.0%15.5%59.4%27.5%54.8%-7.3%-10.5%13.4K-1.3M-7.2K0.07103.56N/AN/A5841,8731,280
2020-06-30$27.06$25.0050.1%14.4%59.8%24.8%45.9%3.1%-8.3%15.0K-1.5M-7.0K0.6088.52N/AN/A531,9041,281