HI Options History — November 2020

In November 2020, HI traded between $28.90 and $39.45. ATM implied volatility averaged 48.8%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 4.0% (HV 20d: 44.8%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2020-11-18: Highest Volume — 427 contracts
  • 2020-11-18: Largest IV spike — 38.7% change
  • 2020-11-03: Highest IV Rank — 42.6%
  • 2020-11-03: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.35$28.90$39.45$29.71$37.37
Max Pain$33.25$25.00$35.00$25.00$35.00
ATM IV48.8%31.0%75.8%72.4%49.6%
Expected Move13.0%8.9%21.7%20.8%14.2%
HV 20d44.8%24.7%51.3%24.7%50.8%
HV 60d37.0%29.4%40.3%29.4%40.2%
IV Rank23.9%11.6%42.6%40.3%24.5%
IV Percentile49.2%17.5%80.2%77.8%54.4%
Term Structure-7.9%-31.0%10.0%-21.3%-23.7%
VWIV41.1%22.8%76.0%76.0%27.2%
Skew 25d6.8%-27.8%55.7%-4.5%-9.5%
Skew 10d2.3%-55.8%92.2%-3.8%-55.8%
Call IV 25d44.9%23.1%91.9%54.6%50.8%
Put IV 25d51.7%30.8%88.8%50.1%41.3%
Bid-Ask Spread %118.9295.98130.07119.22125.73
Gamma HHI0.430.290.580.290.43
Net GEX40.6K26.1K63.2K26.1K41.6K
Net DEX-1.8M-3.2M-404.2K-633.1K-2.4M
Net VEX-7.0K-7.7K-5.2K-7.4K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.003.830.000.00
Total Volume78.15242742
Total OI1,562.11,4951,6751,4951,536

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$29.71$25.0072.4%20.8%24.7%40.3%76.0%-4.5%-21.3%26.1K-633.1K-7.4K0.00119.22N/AN/A401,016479
2020-11-03$30.61$25.0075.8%21.7%25.9%42.6%0.0%36.9%-31.0%27.4K-842.7K-7.7K0.00115.83N/AN/A3601,016479
2020-11-04$28.90$25.0056.5%16.2%32.2%29.3%53.7%-13.4%-1.4%26.2K-404.2K-6.8K0.00130.07N/AN/A3901,020479
2020-11-05$30.12$30.0053.7%13.1%36.0%27.3%41.9%6.1%-1.1%32.0K-723.0K-7.4K1.0095.98N/AN/A441,018479
2020-11-06$29.90$35.0048.3%12.2%35.9%23.5%0.0%10.3%-0.6%32.9K-584.7K-6.9K0.02106.15N/AN/A6211,018483
2020-11-09$32.41$35.0064.6%13.3%46.3%34.8%0.0%12.3%8.7%51.4K-1.4M-7.6K0.01118.81N/AN/A12211,049483
2020-11-10$33.06$35.0066.4%9.1%46.8%36.1%34.7%5.8%10.0%37.2K-1.5M-7.6K3.83115.23N/AN/A6231,032485
2020-11-11$32.23$35.0045.5%13.0%47.6%21.6%55.3%-1.7%-7.7%36.0K-1.4M-7.7K0.38121.88N/AN/A94361,048508
2020-11-12$33.07$35.0031.0%8.9%48.0%11.6%31.7%0.1%6.0%42.3K-1.6M-7.3K0.56130.05N/AN/A68381,118534
2020-11-13$34.44$35.0035.8%10.3%49.9%14.9%0.0%-6.0%2.7%43.6K-2.0M-7.3K0.12123.81N/AN/A3341,093530
2020-11-16$35.81$35.0043.6%12.5%51.3%20.3%43.7%12.3%-3.8%41.3K-2.4M-6.8K0.03118.94N/AN/A14551,082530
2020-11-17$35.99$35.0040.8%11.7%51.3%18.3%39.0%11.1%-12.6%36.7K-2.4M-6.8K0.01111.95N/AN/A8311,053531
2020-11-18$36.22$35.0056.5%16.2%50.2%29.3%22.8%55.7%-18.2%43.4K-2.4M-6.5K0.00125.75N/AN/A42521,050531
2020-11-19$36.09$35.0037.5%10.7%50.3%16.0%37.2%10.9%-4.0%56.6K-2.2M-7.3K2.50118.17N/AN/A16401,106531
2020-11-20$36.50$35.0044.5%12.7%50.3%20.9%0.0%51.9%-10.2%47.6K-2.3M-7.1K0.00123.24N/AN/A3601,104571
2020-11-23$37.47$35.0042.0%12.0%49.6%19.2%38.5%5.6%-16.8%47.7K-2.4M-6.8K0.00115.65N/AN/A4801,055521
2020-11-24$39.45$35.0032.8%9.4%50.5%12.8%30.8%0.2%-5.7%63.2K-3.2M-5.2K0.01113.80N/AN/A13411,081521
2020-11-25$39.24$35.0036.6%10.5%48.2%15.4%42.2%-19.7%-5.0%38.9K-2.8M-6.4K0.05125.21N/AN/A4021,021520
2020-11-27$38.47$35.0042.7%12.2%49.7%19.7%27.2%-27.8%-23.2%40.9K-2.7M-6.2K0.60122.94N/AN/A531,011520
2020-11-30$37.37$35.0049.6%14.2%50.8%24.5%0.0%-9.5%-23.7%41.6K-2.4M-6.4K0.00125.73N/AN/A201,013523