HI Options History — March 2021

In March 2021, HI traded between $46.68 and $51.26. ATM implied volatility averaged 38.0%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 4.3% (HV 20d: 33.8%). Max pain ranged from $30.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-03-19: Highest Volume — 545 contracts
  • 2021-03-04: Largest IV spike — 45.4% change
  • 2021-03-04: Highest IV Rank — 27.0%
  • 2021-03-04: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.22$46.68$51.26$47.60$48.00
Max Pain$37.83$30.00$50.00$40.00$50.00
ATM IV38.0%27.9%59.4%38.4%30.0%
Expected Move10.8%8.0%13.5%11.0%8.6%
HV 20d33.8%28.7%40.8%29.8%37.2%
HV 60d33.8%31.6%36.4%31.6%35.7%
IV Rank11.2%3.7%27.0%11.5%5.3%
IV Percentile22.6%2.4%69.8%21.4%4.0%
Term Structure1.3%-4.7%7.3%4.7%5.0%
VWIV37.8%29.2%47.5%39.3%31.3%
Skew 25d6.8%-6.7%25.1%12.0%17.0%
Skew 10d11.3%-8.2%70.1%8.6%26.2%
Call IV 25d36.3%26.9%46.1%40.5%34.8%
Put IV 25d43.1%28.5%69.4%52.5%51.8%
Bid-Ask Spread %104.2979.20114.75105.14112.86
Gamma HHI0.470.340.650.350.57
Net GEX95.3K63.5K133.7K107.8K87.8K
Net DEX-4.0M-5.8M-1.7M-4.7M-2.5M
Net VEX-7.6K-9.4K-5.7K-7.8K-9.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.006.270.010.00
Total Volume104.95775458818
Total OI1,555.131,2081,7621,6511,762

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$47.60$40.0038.4%11.0%29.8%11.5%39.3%12.0%4.7%107.8K-4.7M-7.8K0.01105.14N/AN/A8711,463188
2021-03-02$47.26$40.0041.1%11.8%29.3%13.5%37.3%8.2%7.3%121.7K-4.7M-7.7K0.00111.09N/AN/A3101,502187
2021-03-03$48.66$40.0040.9%11.7%28.7%13.3%39.3%4.3%-2.2%114.1K-5.2M-7.6K0.35108.38N/AN/A2381,496187
2021-03-04$47.34$30.0059.4%13.5%30.8%27.0%39.8%25.1%2.0%103.6K-4.6M-8.2K0.00105.22N/AN/A3001,494188
2021-03-05$49.52$30.0036.7%10.0%34.0%10.3%34.5%-4.4%-1.4%111.4K-5.6M-6.6K0.09105.06N/AN/A106101,490188
2021-03-08$50.25$30.0038.2%11.9%32.7%11.3%34.7%-0.5%-0.4%101.3K-5.8M-6.3K0.0099.43N/AN/A16801,493188
2021-03-09$49.94$30.0043.2%12.4%32.5%15.1%42.2%3.3%-1.3%93.1K-5.3M-6.3K0.00101.65N/AN/A1901,394190
2021-03-10$51.22$30.0041.7%12.0%33.1%13.9%41.8%16.7%0.3%90.5K-5.6M-6.2K0.02106.86N/AN/A11721,387190
2021-03-11$50.94$30.0041.4%11.9%32.1%13.7%43.7%16.6%-2.5%81.2K-5.4M-5.7K0.01108.54N/AN/A32041,354188
2021-03-12$51.19$30.0043.8%12.6%32.1%15.5%42.9%11.1%-4.6%109.8K-5.7M-6.9K0.00111.86N/AN/A3401,413189
2021-03-15$51.11$30.0043.7%12.5%32.0%15.4%46.7%14.7%-4.7%63.5K-5.7M-6.6K0.00114.75N/AN/A2701,408189
2021-03-16$50.35$35.0044.6%12.8%32.6%16.1%41.2%9.8%2.8%91.6K-3.5M-6.8K0.00104.29N/AN/A9201,019189
2021-03-17$51.25$35.0034.8%10.0%32.1%8.8%47.5%-3.8%4.8%93.8K-3.8M-6.6K0.00102.99N/AN/A15801,041189
2021-03-18$51.26$35.0035.3%10.1%32.0%9.2%36.6%-1.1%4.9%102.8K-4.0M-7.5K0.06103.67N/AN/A7141,159189
2021-03-19$50.81$35.0032.3%9.3%32.5%7.0%29.2%11.4%7.0%89.4K-4.0M-7.3K0.09111.56N/AN/A498471,152193
2021-03-22$49.66$35.0031.1%8.9%33.3%6.1%31.7%-1.1%5.1%133.7K-3.3M-8.3K0.1796.54N/AN/A611,140181
2021-03-23$46.68$35.0035.0%10.0%40.8%9.0%40.0%4.8%-2.8%108.1K-2.4M-7.6K6.2799.58N/AN/A412571,142181
2021-03-24$46.69$50.0037.6%10.8%37.1%10.9%34.7%5.9%-1.8%71.1K-1.7M-8.8K0.00101.84N/AN/A3401,157437
2021-03-25$48.00$50.0035.0%10.0%37.4%9.0%32.8%2.8%1.8%71.7K-2.0M-8.8K3.12109.39N/AN/A17531,163437
2021-03-26$48.66$50.0032.7%9.4%37.7%7.3%35.3%8.9%-1.1%76.8K-2.4M-9.1K0.00108.25N/AN/A1301,170485
2021-03-29$47.52$50.0030.4%8.7%38.4%5.6%35.1%-6.7%6.3%71.9K-1.7M-8.6K0.2190.60N/AN/A70151,181485
2021-03-30$48.18$50.0027.9%8.0%38.6%3.7%32.3%1.9%0.8%96.2K-2.2M-9.1K1.6779.20N/AN/A12201,251499
2021-03-31$48.00$50.0030.0%8.6%37.2%5.3%31.3%17.0%5.0%87.8K-2.5M-9.4K0.00112.86N/AN/A1801,243519