HI Options History — July 2020

In July 2020, HI traded between $25.16 and $29.44. ATM implied volatility averaged 62.1%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 16.6% (HV 20d: 45.5%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2020-07-15: Highest Volume — 715 contracts
  • 2020-07-09: Largest IV spike — 128.6% change
  • 2020-07-10: Highest IV Rank — 90.8%
  • 2020-07-20: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.39$25.16$29.44$26.59$29.03
Max Pain$22.73$22.50$25.00$25.00$22.50
ATM IV62.1%27.4%145.2%36.5%52.9%
Expected Move15.0%7.8%27.1%10.5%15.2%
HV 20d45.5%34.0%58.3%58.3%34.7%
HV 60d66.9%59.3%75.0%75.0%59.3%
IV Rank33.1%9.0%90.8%15.4%26.7%
IV Percentile64.9%13.1%98.8%47.6%67.5%
Term Structure-2.8%-24.7%28.5%-20.5%-11.5%
VWIV47.6%27.3%72.4%60.4%61.2%
Skew 25d15.0%-12.2%63.6%-12.2%29.3%
Skew 10d28.9%-42.0%72.9%22.7%50.4%
Call IV 25d45.3%27.9%72.8%56.7%47.0%
Put IV 25d60.3%33.0%109.0%44.5%76.3%
Bid-Ask Spread %100.3667.80127.6381.59124.40
Gamma HHI0.420.250.640.260.49
Net GEX25.8K9.3K50.1K12.9K37.8K
Net DEX-1.4M-1.8M-814.9K-1.3M-1.8M
Net VEX-6.5K-7.7K-5.3K-6.5K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.002.650.250.02
Total Volume109.3180715547
Total OI2,592.3641,5463,3103,1901,945

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$26.59$25.0036.5%10.5%58.3%15.4%0.0%-12.2%-20.5%12.9K-1.3M-6.5K0.2581.59N/AN/A411,9061,284
2020-07-02$26.57$25.0078.3%22.4%58.1%44.3%0.0%51.9%-24.7%16.5K-1.4M-7.2K0.00113.73N/AN/A5601,9071,284
2020-07-06$26.69$22.5051.3%18.0%56.9%25.7%60.4%21.7%-12.5%11.0K-1.4M-6.4K2.6583.58N/AN/A1554111,9601,284
2020-07-07$26.03$22.5063.5%19.0%56.1%34.1%39.5%11.7%-16.8%9.3K-1.1M-6.1K0.1081.49N/AN/A116121,9621,284
2020-07-08$26.02$22.5063.4%15.4%56.1%34.0%0.0%8.9%-0.7%12.2K-1.0M-6.4K0.0082.82N/AN/A2301,9571,284
2020-07-09$25.16$22.50144.8%16.2%55.9%90.5%0.0%5.6%-4.7%14.2K-814.9K-6.8K1.5085.08N/AN/A231,9391,284
2020-07-10$25.91$22.50145.2%17.5%44.7%90.8%0.0%15.9%-11.6%17.0K-1.1M-6.8K0.0067.80N/AN/A001,9371,284
2020-07-13$26.28$22.5087.4%19.8%44.2%50.7%72.4%18.9%-20.7%13.8K-1.4M-5.3K0.0877.41N/AN/A2621,9571,284
2020-07-14$26.48$22.5099.5%19.5%43.8%59.1%58.6%9.5%-16.7%12.1K-1.3M-5.8K0.0885.56N/AN/A1311,9471,285
2020-07-15$27.77$22.5044.9%12.9%45.1%21.2%57.4%8.7%1.1%16.3K-1.6M-5.7K1.0995.29N/AN/A3423731,9361,286
2020-07-16$27.68$22.5049.4%14.2%42.3%24.3%42.0%15.0%3.3%20.7K-1.6M-5.9K0.25100.00N/AN/A40102,0241,286
2020-07-17$27.72$22.5046.3%13.3%42.3%22.2%46.8%9.0%6.5%20.8K-1.7M-6.0K0.1598.66N/AN/A1322,0181,276
2020-07-20$27.11$22.5094.3%27.1%43.1%55.5%37.7%63.6%-4.6%17.8K-1.1M-5.4K0.00127.63N/AN/A16001,011535
2020-07-21$27.53$22.5028.0%8.0%43.4%9.5%27.3%24.4%9.2%32.0K-1.2M-6.0K0.00119.06N/AN/A1101,159535
2020-07-22$27.52$22.5036.9%10.6%43.3%15.7%36.4%3.5%10.9%39.9K-1.3M-5.9K0.00103.68N/AN/A7701,162535
2020-07-23$28.71$22.5033.3%9.6%43.1%13.2%32.8%6.7%28.5%50.1K-1.6M-5.9K0.01118.73N/AN/A10211,187535
2020-07-24$28.11$22.5053.2%15.2%44.2%26.9%56.9%0.5%-2.8%35.2K-1.4M-6.5K0.25116.21N/AN/A251631,220536
2020-07-27$28.56$22.5041.8%12.0%41.7%19.0%43.7%-3.6%1.4%44.9K-1.6M-7.7K0.02107.60N/AN/A5411,389599
2020-07-28$28.47$22.5027.4%7.8%34.3%9.0%0.0%0.9%22.2%37.4K-1.6M-7.5K0.14120.61N/AN/A711,349600
2020-07-29$29.30$22.5042.0%12.0%35.0%19.2%43.2%38.8%8.1%47.8K-1.8M-7.7K0.00107.70N/AN/A1401,343601
2020-07-30$29.44$22.5045.8%13.1%34.0%21.8%45.8%1.6%-3.8%47.8K-1.8M-7.6K0.57109.26N/AN/A741,335601
2020-07-31$29.03$22.5052.9%15.2%34.7%26.7%61.2%29.3%-11.5%37.8K-1.8M-7.5K0.02124.40N/AN/A4611,342603