HI Options History — January 2021

In January 2021, HI traded between $38.52 and $44.65. ATM implied volatility averaged 41.8%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 6.6% (HV 20d: 35.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.05.

Notable Days

  • 2021-01-22: Highest Volume — 772 contracts
  • 2021-01-11: Largest IV spike — 70.6% change
  • 2021-01-27: Highest IV Rank — 37.2%
  • 2021-01-27: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.79$38.52$44.65$38.52$41.25
Max Pain$41.32$40.00$45.00$40.00$45.00
ATM IV41.8%23.3%68.1%39.5%54.3%
Expected Move12.5%10.9%19.5%11.6%15.6%
HV 20d35.2%24.7%40.8%24.7%40.8%
HV 60d38.9%36.1%39.9%36.1%39.8%
IV Rank19.0%6.1%37.2%17.4%27.6%
IV Percentile33.8%1.2%74.2%29.4%61.5%
Term Structure-0.2%-20.4%7.8%-0.4%2.9%
VWIV42.2%37.3%54.2%41.4%49.6%
Skew 25d3.4%-9.3%19.9%3.3%8.1%
Skew 10d7.2%-10.6%43.0%10.8%-5.6%
Call IV 25d43.0%37.6%59.5%42.0%46.1%
Put IV 25d46.4%40.1%79.4%45.3%54.1%
Bid-Ask Spread %87.6567.12107.6289.33104.49
Gamma HHI0.380.270.680.380.36
Net GEX1.1K-58.4K121.4K22.8K-56.5K
Net DEX-2.3M-3.8M-348.6K-1.6M-375.6K
Net VEX-7.9K-10.3K-6.0K-8.7K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.0018.790.210.00
Total Volume93.789577247120
Total OI2,061.1051,5452,2642,1252,205

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$38.52$40.0039.5%11.6%24.7%17.4%41.4%3.3%-0.4%22.8K-1.6M-8.7K0.2189.33N/AN/A3981,151974
2021-01-05$39.62$40.0039.5%11.6%25.2%17.5%0.0%4.3%0.2%16.6K-2.0M-8.4K0.0487.46N/AN/A5421,153976
2021-01-06$42.32$40.0038.3%11.5%34.2%16.6%37.3%4.6%0.1%5.4K-3.0M-7.9K0.1888.35N/AN/A153271,131975
2021-01-07$43.47$40.0038.2%10.9%35.1%16.6%37.3%-4.8%-0.6%6.4K-3.3M-7.2K0.0391.56N/AN/A3511,119975
2021-01-08$42.48$40.0023.3%11.5%36.5%6.1%38.4%3.0%-1.0%-4.5K-3.0M-7.5K0.0072.78N/AN/A4701,143975
2021-01-11$43.08$40.0039.7%11.3%35.2%17.5%40.7%3.6%-0.9%12.8K-3.2M-7.4K0.0071.03N/AN/A8601,165975
2021-01-12$44.04$40.0028.6%11.2%35.1%9.8%39.0%2.2%-0.1%40.6K-3.7M-6.8K0.0271.10N/AN/A6011,225975
2021-01-13$43.64$40.0039.1%11.2%35.1%17.0%39.8%1.3%-0.9%27.9K-3.4M-6.5K0.0267.12N/AN/A4311,205974
2021-01-14$44.65$40.0039.3%11.3%35.5%17.2%0.0%2.3%0.0%121.4K-3.8M-6.0K0.0273.86N/AN/A4111,211975
2021-01-15$43.79$40.0038.9%11.2%35.9%16.9%40.7%2.4%-0.1%-2.9K-3.4M-6.6K0.1881.97N/AN/A2851,222976
2021-01-19$43.35$40.0040.0%11.5%36.1%17.7%40.0%3.1%-1.2%-5.6K-2.3M-6.6K0.2982.83N/AN/A72892653
2021-01-20$43.64$40.0041.9%12.0%36.0%19.0%41.8%3.8%7.8%-4.3K-2.4M-6.8K0.0092.19N/AN/A1350895655
2021-01-21$43.73$40.0039.6%11.4%36.1%17.4%40.3%7.3%-1.0%20.5K-2.7M-7.4K0.0099.11N/AN/A1101,077655
2021-01-22$44.19$40.0041.1%11.8%35.8%18.4%40.6%6.2%-4.4%22.3K-2.8M-7.3K18.7994.66N/AN/A397331,075655
2021-01-25$43.65$45.0043.2%12.4%36.1%19.9%40.3%1.1%5.8%-56.7K-1.4M-9.7K0.0088.99N/AN/A6001,1071,157
2021-01-26$43.90$45.0049.6%14.2%35.5%24.3%46.5%-9.3%4.4%-51.4K-1.4M-9.8K0.0097.71N/AN/A2801,0771,157
2021-01-27$41.66$45.0068.1%19.5%40.6%37.2%54.2%19.9%-20.4%-35.8K-493.0K-10.2K0.25103.22N/AN/A411,0651,157
2021-01-28$41.99$45.0052.4%15.0%40.2%26.3%49.0%2.8%6.7%-58.4K-348.6K-10.3K0.00107.62N/AN/A1001,0461,158
2021-01-29$41.25$45.0054.3%15.6%40.8%27.6%49.6%8.1%2.9%-56.5K-375.6K-9.5K0.00104.49N/AN/A12001,0471,158