HI Options History — February 2021

In February 2021, HI traded between $42.35 and $47.82. ATM implied volatility averaged 42.9%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 9.0% (HV 20d: 33.8%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.02.

Notable Days

2021-02-01: Highest Volume — 315 contracts
2021-02-11: Largest IV spike — 38.4% change
2021-02-01: Highest IV Rank — 30.9%
2021-02-01: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.01	$42.35	$47.82	$42.35	$46.94
Max Pain	$40.79	$40.00	$45.00	$45.00	$40.00
ATM IV	42.9%	30.6%	59.1%	59.1%	38.6%
Expected Move	12.4%	8.8%	16.9%	16.9%	11.1%
HV 20d	33.8%	30.9%	41.6%	41.6%	30.9%
HV 60d	33.9%	30.9%	39.7%	39.7%	31.6%
IV Rank	16.2%	5.8%	30.9%	30.9%	11.6%
IV Percentile	33.0%	4.0%	68.7%	68.7%	21.4%
Term Structure	1.4%	-16.8%	19.5%	-9.7%	15.8%
VWIV	40.7%	29.0%	52.9%	52.9%	34.8%
Skew 25d	2.8%	-17.0%	20.6%	20.6%	12.7%
Skew 10d	11.1%	-14.3%	42.7%	42.7%	15.3%
Call IV 25d	44.0%	32.5%	66.8%	47.7%	34.8%
Put IV 25d	46.7%	30.7%	77.1%	68.3%	47.4%
Bid-Ask Spread %	109.11	86.78	124.66	99.36	113.38
Gamma HHI	0.42	0.32	0.54	0.40	0.33
Net GEX	5.7K	-45.7K	97.9K	-41.0K	97.9K
Net DEX	-3.8M	-5.2M	-1.4M	-1.4M	-4.3M
Net VEX	-7.4K	-10.3K	-5.7K	-9.4K	-7.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.13	0.04	0.00
Total Volume	118.474	6	315	315	67
Total OI	2,445.789	1,335	3,066	2,358	1,591

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-02-01	$42.35	$45.00	59.1%	16.9%	41.6%	30.9%	52.9%	20.6%	-9.7%	-41.0K	-1.4M	-9.4K	0.04	99.36	N/A	N/A	304	11	1,200	1,158
2021-02-02	$43.80	$45.00	55.5%	15.9%	40.9%	28.4%	50.2%	10.3%	-3.5%	-16.7K	-3.2M	-10.2K	0.00	108.08	N/A	N/A	58	0	1,495	1,169
2021-02-03	$43.58	$45.00	58.3%	16.7%	40.3%	30.4%	50.5%	-0.7%	-7.4%	-9.6K	-2.7M	-10.3K	0.04	97.83	N/A	N/A	24	1	1,520	1,169
2021-02-04	$43.61	$40.00	43.8%	11.5%	33.2%	20.3%	35.5%	-12.3%	19.5%	-15.2K	-3.1M	-9.4K	0.05	114.20	N/A	N/A	183	10	1,538	1,170
2021-02-05	$45.08	$40.00	35.3%	9.7%	33.9%	14.4%	0.0%	-10.0%	12.0%	-36.3K	-4.4M	-7.6K	0.03	105.52	N/A	N/A	77	2	1,616	1,180
2021-02-08	$45.98	$40.00	35.9%	12.3%	33.1%	14.8%	42.8%	3.6%	-1.4%	-32.3K	-5.2M	-6.9K	0.02	86.78	N/A	N/A	235	5	1,642	1,182
2021-02-09	$45.67	$40.00	43.2%	13.7%	33.1%	15.0%	50.5%	15.0%	-12.0%	-28.5K	-4.6M	-7.0K	0.03	104.33	N/A	N/A	76	2	1,590	1,183
2021-02-10	$44.83	$40.00	33.8%	9.7%	33.1%	8.1%	30.0%	-2.9%	6.7%	-22.6K	-4.1M	-7.7K	0.04	102.86	N/A	N/A	28	1	1,677	1,183
2021-02-11	$45.18	$40.00	46.8%	13.4%	33.0%	17.7%	0.0%	4.0%	-5.5%	-33.3K	-4.6M	-7.8K	0.00	115.03	N/A	N/A	6	0	1,705	1,183
2021-02-12	$45.03	$40.00	40.0%	11.5%	32.0%	12.6%	44.4%	-1.2%	4.4%	-45.7K	-4.5M	-7.3K	0.13	114.99	N/A	N/A	8	1	1,706	1,183
2021-02-16	$44.76	$40.00	47.6%	13.7%	31.3%	18.3%	0.0%	-17.0%	-14.8%	-37.3K	-4.2M	-5.8K	0.00	124.09	N/A	N/A	37	0	1,710	1,183
2021-02-17	$44.17	$40.00	38.3%	11.0%	31.5%	11.4%	0.0%	-7.5%	1.5%	-35.5K	-3.6M	-5.7K	0.00	119.13	N/A	N/A	193	0	1,740	1,183
2021-02-18	$44.05	$40.00	35.7%	10.2%	31.4%	9.5%	0.0%	-16.7%	10.8%	-23.0K	-3.1M	-6.2K	0.00	124.66	N/A	N/A	46	0	1,838	1,183
2021-02-19	$44.43	$40.00	35.9%	10.3%	31.5%	9.7%	29.0%	11.6%	1.8%	73.3K	-3.2M	-6.1K	0.00	107.88	N/A	N/A	305	0	1,883	1,183
2021-02-22	$45.59	$40.00	30.6%	8.8%	32.6%	5.8%	34.8%	9.0%	19.2%	73.7K	-3.6M	-6.3K	0.00	111.34	N/A	N/A	8	0	1,164	171
2021-02-23	$45.65	$40.00	40.1%	11.5%	32.2%	12.8%	37.4%	6.3%	0.4%	75.1K	-3.7M	-5.9K	0.00	114.15	N/A	N/A	175	0	1,167	171
2021-02-24	$47.82	$40.00	45.1%	12.9%	35.8%	16.4%	34.1%	13.9%	6.2%	74.0K	-4.2M	-5.9K	0.07	105.47	N/A	N/A	206	14	1,178	171
2021-02-25	$46.70	$40.00	50.7%	14.5%	30.9%	20.6%	43.3%	14.3%	-16.8%	91.7K	-4.2M	-6.7K	0.03	104.05	N/A	N/A	163	5	1,320	185
2021-02-26	$46.94	$40.00	38.6%	11.1%	30.9%	11.6%	34.8%	12.7%	15.8%	97.9K	-4.3M	-7.9K	0.00	113.38	N/A	N/A	67	0	1,402	189