HI Options History — April 2021

In April 2021, HI traded between $47.54 and $50.84. ATM implied volatility averaged 35.4%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 3.4% (HV 20d: 32.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 18.65.

Notable Days

  • 2021-04-13: Highest Volume — 541 contracts
  • 2021-04-14: Largest IV spike — 61.5% change
  • 2021-04-20: Highest IV Rank — 16.1%
  • 2021-04-12: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.64$47.54$50.84$48.25$49.19
Max Pain$47.38$45.00$50.00$50.00$50.00
ATM IV35.4%26.0%44.7%35.7%35.5%
Expected Move11.2%8.7%13.9%10.2%10.2%
HV 20d32.0%27.0%35.8%35.8%28.6%
HV 60d32.8%31.0%35.3%35.3%31.4%
IV Rank9.3%2.3%16.1%9.5%9.3%
IV Percentile21.2%0.8%53.2%16.7%19.8%
Term Structure-3.3%-12.7%6.3%-0.2%1.3%
VWIV40.5%30.3%49.4%39.0%46.1%
Skew 25d4.2%-7.5%14.9%-7.5%7.0%
Skew 10d8.6%-11.2%66.9%-8.8%0.7%
Call IV 25d39.1%34.6%50.4%39.9%37.6%
Put IV 25d43.4%32.2%53.4%32.4%44.6%
Bid-Ask Spread %97.4183.42113.05113.05110.45
Gamma HHI0.590.240.800.510.54
Net GEX37.6K-74.9K153.5K88.4K-74.9K
Net DEX-1.9M-4.0M-394.3K-2.1M-463.9K
Net VEX-7.7K-9.1K-5.4K-9.0K-7.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio18.650.00275.000.001.00
Total Volume99.143154112
Total OI1,564.4297321,7871,7701,529

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$48.25$50.0035.7%10.2%35.8%9.5%0.0%-7.5%-0.2%88.4K-2.1M-9.0K0.00113.05N/AN/A011,251519
2021-04-05$49.52$45.0034.0%10.7%33.3%8.3%0.0%-3.2%-2.2%104.0K-2.7M-8.6K0.0091.32N/AN/A1101,251520
2021-04-06$50.25$45.0032.3%10.9%33.3%7.0%39.0%7.9%-1.6%106.4K-3.2M-8.5K0.0089.09N/AN/A12601,242520
2021-04-07$49.03$45.0032.3%11.2%34.3%7.0%0.0%5.6%-6.5%92.1K-2.2M-8.1K0.0091.51N/AN/A401,210520
2021-04-08$49.09$45.0031.3%11.3%32.9%6.3%40.8%14.9%-3.8%103.6K-2.5M-8.3K0.0083.42N/AN/A2901,240520
2021-04-09$50.38$45.0026.0%11.7%34.4%2.3%44.0%10.3%-1.8%122.4K-3.5M-8.4K0.0094.96N/AN/A13801,267520
2021-04-12$50.84$45.0028.1%13.9%34.5%3.9%48.8%2.7%-12.7%111.8K-3.8M-6.9K0.0086.08N/AN/A1901,189520
2021-04-13$50.16$45.0027.3%12.4%34.8%3.3%42.8%9.7%-9.2%137.0K-3.0M-7.0K1.6589.03N/AN/A2043371,188520
2021-04-14$50.28$45.0044.1%12.7%34.4%15.7%0.0%6.6%-9.2%153.5K-3.0M-6.7K0.0099.91N/AN/A701,169520
2021-04-15$50.51$45.0039.6%11.4%33.8%12.4%0.0%4.2%-4.9%97.4K-3.1M-6.1K0.0092.50N/AN/A7101,162520
2021-04-16$50.30$45.0043.6%12.5%33.8%15.4%36.1%3.9%-6.1%100.2K-4.0M-5.5K0.00107.04N/AN/A27801,101520
2021-04-19$49.08$45.0036.2%10.4%34.8%9.9%32.6%4.5%-6.2%51.9K-1.7M-5.4K275.0096.44N/AN/A127563993
2021-04-20$47.54$50.0044.7%12.8%35.6%16.1%49.4%-1.8%-11.7%7.8K-676.4K-7.0K72.86104.63N/AN/A7510638367
2021-04-21$49.01$50.0038.1%10.9%29.7%11.3%38.9%7.3%-3.8%-57.8K-514.2K-9.1K0.0091.47N/AN/A80638877
2021-04-22$49.05$50.0037.5%10.7%29.7%10.8%0.0%3.9%3.2%-58.3K-394.3K-9.1K0.0094.59N/AN/A30637877
2021-04-23$49.77$50.0036.4%10.4%28.6%10.1%36.4%-4.9%4.6%-51.0K-731.4K-8.6K0.0095.92N/AN/A120636877
2021-04-26$50.00$50.0039.7%11.4%28.2%12.5%34.6%2.7%-0.9%-65.0K-683.2K-8.2K0.5899.72N/AN/A127626877
2021-04-27$49.48$50.0038.6%11.1%27.0%11.6%47.0%8.8%-0.4%-51.4K-683.9K-8.2K0.25102.03N/AN/A41631884
2021-04-28$50.26$50.0031.5%9.0%27.2%6.4%30.3%2.3%-4.3%-56.9K-884.4K-8.1K3.00102.77N/AN/A26631885
2021-04-29$50.39$50.0030.3%8.7%27.1%5.5%0.0%4.2%6.3%-72.3K-934.4K-7.3K0.00109.67N/AN/A07631891
2021-04-30$49.19$50.0035.5%10.2%28.6%9.3%46.1%7.0%1.3%-74.9K-463.9K-7.9K1.00110.45N/AN/A11631898