HI Options History — August 2020

In August 2020, HI traded between $29.94 and $33.88. ATM implied volatility averaged 47.8%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 14.0% (HV 20d: 33.8%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.73.

Notable Days

  • 2020-08-31: Highest Volume — 347 contracts
  • 2020-08-06: Largest IV spike — 71.7% change
  • 2020-08-06: Highest IV Rank — 44.5%
  • 2020-08-06: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.40$29.94$33.88$30.20$31.88
Max Pain$25.71$22.50$30.00$22.50$30.00
ATM IV47.8%36.1%78.4%40.5%52.8%
Expected Move13.1%10.1%17.3%11.6%15.1%
HV 20d33.8%30.2%36.8%36.8%30.2%
HV 60d48.4%42.6%58.9%58.9%42.6%
IV Rank23.2%15.1%44.5%18.1%26.7%
IV Percentile58.9%35.3%83.3%54.4%65.1%
Term Structure-1.8%-25.7%12.3%7.5%-10.4%
VWIV45.5%24.8%74.8%24.8%69.9%
Skew 25d9.3%-35.5%30.8%-15.5%11.6%
Skew 10d6.2%-59.1%75.6%-49.0%-50.6%
Call IV 25d49.9%36.2%78.7%78.7%45.3%
Put IV 25d59.2%37.4%81.2%63.2%56.9%
Bid-Ask Spread %115.9395.56130.23119.60108.58
Gamma HHI0.470.430.530.480.53
Net GEX46.0K34.0K57.9K45.8K39.8K
Net DEX-2.6M-3.2M-2.0M-2.1M-2.1M
Net VEX-7.1K-7.6K-6.2K-7.4K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.730.0037.500.000.17
Total Volume58.381134710347
Total OI2,010.811,9492,1351,9492,084

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$30.20$22.5040.5%11.6%36.8%18.1%24.8%-15.5%7.5%45.8K-2.1M-7.4K0.00119.60N/AN/A1001,346603
2020-08-04$29.94$22.5053.1%15.2%35.4%26.9%0.0%22.8%0.8%45.8K-2.0M-7.5K0.00122.53N/AN/A301,346603
2020-08-05$30.85$22.5045.7%13.1%36.2%21.7%0.0%13.0%-14.6%52.7K-2.2M-7.6K0.33121.18N/AN/A311,349603
2020-08-06$32.33$22.5078.4%17.3%35.0%44.5%74.8%22.1%-25.7%44.7K-2.8M-7.1K0.00121.80N/AN/A3001,350603
2020-08-07$33.26$22.5052.6%10.1%35.0%26.6%0.0%10.6%11.4%57.9K-3.0M-7.1K0.00125.67N/AN/A1701,347603
2020-08-10$33.62$22.5054.3%15.4%35.0%27.7%56.1%27.1%-4.6%47.4K-3.2M-7.1K0.00114.38N/AN/A2201,353603
2020-08-11$33.69$22.5051.3%12.6%35.1%25.6%44.9%-18.6%3.1%43.8K-3.1M-7.3K0.02121.11N/AN/A6111,356603
2020-08-12$33.88$22.5042.6%12.2%32.6%19.6%0.0%20.7%3.7%39.9K-3.2M-6.9K0.06116.29N/AN/A1811,360604
2020-08-13$32.90$22.5043.0%12.3%35.2%19.8%43.3%7.2%1.7%34.0K-3.0M-6.5K1.14118.96N/AN/A22251,362605
2020-08-14$32.66$22.5043.4%12.4%35.6%20.1%0.0%0.5%-12.2%53.9K-2.8M-6.8K0.05119.45N/AN/A3821,362627
2020-08-17$32.95$22.5041.7%12.0%33.7%19.0%44.0%14.5%-1.3%54.1K-2.9M-6.7K0.00105.26N/AN/A28201,382629
2020-08-18$32.58$22.5044.6%12.8%34.4%21.0%51.9%11.9%-5.7%56.4K-2.8M-6.7K0.48124.87N/AN/A31151,392629
2020-08-19$32.72$30.0055.3%15.8%34.3%28.4%0.0%-35.5%-4.2%47.0K-2.9M-7.1K0.00128.31N/AN/A101,387639
2020-08-20$32.32$30.0054.5%15.6%32.6%27.9%0.0%-5.0%-4.5%45.2K-2.7M-7.0K12.40130.23N/AN/A101241,386639
2020-08-21$31.77$30.0036.1%10.4%32.2%15.1%29.4%11.7%11.8%38.4K-2.4M-7.0K37.50126.08N/AN/A2751,396739
2020-08-24$32.58$30.0040.9%11.7%32.8%18.4%36.8%30.8%3.0%38.3K-2.4M-7.4K0.03103.05N/AN/A3411,291741
2020-08-25$32.45$30.0044.2%12.7%32.8%20.7%25.6%25.9%12.3%39.8K-2.3M-7.4K2.38108.92N/AN/A8191,321740
2020-08-26$32.42$30.0047.0%13.5%31.8%22.7%0.0%17.7%-1.4%39.6K-2.3M-7.5K0.00105.31N/AN/A801,325755
2020-08-27$32.76$30.0044.4%12.7%31.9%20.9%44.8%-5.5%-8.0%53.1K-2.5M-6.2K0.0097.44N/AN/A1401,326755
2020-08-28$32.62$30.0037.6%10.8%31.3%16.1%69.9%26.9%0.4%48.6K-2.4M-7.2K0.0095.56N/AN/A011,328755
2020-08-31$31.88$30.0052.8%15.1%30.2%26.7%0.0%11.6%-10.4%39.8K-2.1M-6.7K0.17108.58N/AN/A297501,328756