HI Options History — December 2020

In December 2020, HI traded between $37.15 and $39.73. ATM implied volatility averaged 40.1%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 7.3% (HV 20d: 32.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.71.

Notable Days

  • 2020-12-22: Highest Volume — 590 contracts
  • 2020-12-10: Largest IV spike — 48.2% change
  • 2020-12-10: Highest IV Rank — 25.1%
  • 2020-12-10: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.55$37.15$39.73$37.87$39.73
Max Pain$32.95$30.00$35.00$35.00$35.00
ATM IV40.1%28.4%50.5%39.5%38.3%
Expected Move10.9%8.1%14.5%11.3%11.0%
HV 20d32.8%22.3%50.7%50.7%22.3%
HV 60d37.6%35.4%40.2%40.2%35.4%
IV Rank17.8%9.7%25.1%17.5%16.6%
IV Percentile32.5%11.9%55.6%33.7%27.0%
Term Structure0.1%-14.0%12.0%-8.4%6.3%
VWIV52.4%20.8%169.4%20.8%38.3%
Skew 25d6.7%-3.0%31.8%9.7%6.9%
Skew 10d5.1%-36.0%55.5%-14.1%12.7%
Call IV 25d35.7%23.8%46.0%46.0%28.4%
Put IV 25d42.4%34.5%63.5%55.7%35.3%
Bid-Ask Spread %107.9798.43117.70117.7098.43
Gamma HHI0.410.280.540.460.28
Net GEX40.8K-18.3K69.6K43.8K14.6K
Net DEX-2.6M-3.5M-1.6M-2.6M-2.1M
Net VEX-7.4K-9.4K-5.7K-5.7K-8.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0015.000.000.25
Total Volume64.45545901450
Total OI1,784.7271,5362,0851,5362,078

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$37.87$35.0039.5%11.3%50.7%17.5%0.0%9.7%-8.4%43.8K-2.6M-5.7K0.00117.70N/AN/A1401,013523
2020-12-02$38.37$35.0041.2%11.8%50.3%18.7%0.0%12.9%6.3%43.4K-2.7M-6.1K0.00116.18N/AN/A10001,027523
2020-12-03$37.94$30.0045.4%10.1%44.2%21.6%20.8%18.7%12.0%43.9K-2.9M-6.2K0.00114.31N/AN/A32901,104523
2020-12-04$38.89$30.0046.3%8.9%43.2%22.2%25.5%10.2%8.5%69.6K-3.3M-6.6K0.00113.69N/AN/A701,195523
2020-12-07$39.16$30.0048.7%10.6%42.6%23.8%40.9%0.9%1.3%56.1K-3.3M-6.9K0.00106.12N/AN/A1401,201523
2020-12-08$39.51$30.0050.0%11.4%34.4%24.8%38.4%14.2%2.6%50.3K-3.3M-7.3K0.00108.64N/AN/A3101,193523
2020-12-09$39.70$30.0034.1%9.8%34.3%13.7%34.9%5.3%2.9%58.3K-3.5M-6.5K0.00107.11N/AN/A2801,220523
2020-12-10$38.78$30.0050.5%14.5%34.0%25.1%53.8%-1.7%-8.0%54.5K-3.1M-7.7K0.22100.96N/AN/A921,239523
2020-12-11$38.35$30.0028.4%8.1%34.1%9.7%38.4%1.1%10.7%55.6K-3.2M-7.0K0.00105.49N/AN/A4701,243524
2020-12-14$38.01$30.0038.8%11.1%32.2%17.0%38.7%-0.2%-2.5%59.6K-3.0M-7.1K1.60111.70N/AN/A581,280524
2020-12-15$37.99$30.0036.1%10.4%29.6%15.1%38.2%10.8%0.1%53.7K-2.9M-7.5K0.00102.81N/AN/A4501,276531
2020-12-16$37.43$35.0035.5%10.2%30.3%14.7%22.9%11.7%2.5%51.4K-2.2M-7.1K0.00112.09N/AN/A2201,112531
2020-12-17$37.15$35.0039.6%11.4%30.4%17.5%27.8%-0.1%-7.2%50.7K-2.2M-7.1K3.00108.46N/AN/A131,109531
2020-12-18$37.49$35.0041.4%11.9%30.5%18.8%37.6%1.4%-9.8%66.7K-2.3M-6.4K0.31104.24N/AN/A1651,111532
2020-12-21$37.58$35.0041.3%11.8%30.3%18.7%38.7%4.0%5.2%60.1K-2.3M-6.8K0.33104.29N/AN/A311,086478
2020-12-22$38.36$35.0036.8%10.6%29.7%15.6%38.1%4.0%8.0%63.5K-2.5M-6.5K6.02101.44N/AN/A845061,087478
2020-12-23$39.12$35.0037.0%10.6%24.2%15.7%37.1%-3.0%-8.1%8.5K-1.6M-9.3K3.00103.28N/AN/A261,088984
2020-12-24$38.69$35.0031.9%9.1%24.5%12.2%142.7%3.5%-0.7%2.0K-1.6M-9.4K15.00108.61N/AN/A1151,090990
2020-12-28$39.56$35.0037.6%10.8%24.7%16.1%37.6%0.7%3.9%13.4K-1.8M-8.8K0.10103.67N/AN/A4141,091975
2020-12-29$39.02$35.0045.4%13.0%22.7%21.5%169.4%31.8%-14.0%-4.2K-1.8M-9.4K6.00115.06N/AN/A2121,114971
2020-12-30$39.47$35.0037.4%10.7%22.6%16.0%128.3%4.4%-8.3%-18.3K-2.0M-8.7K0.00111.08N/AN/A051,115959
2020-12-31$39.73$35.0038.3%11.0%22.3%16.6%38.3%6.9%6.3%14.6K-2.1M-8.6K0.2598.43N/AN/A40101,114964