HI Options History — May 2021

In May 2021, HI traded between $44.08 and $49.66. ATM implied volatility averaged 36.9%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 0.5% (HV 20d: 37.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2021-05-04: Highest Volume — 287 contracts
  • 2021-05-18: Largest IV spike — 35.4% change
  • 2021-05-05: Highest IV Rank — 17.3%
  • 2021-05-05: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.15$44.08$49.66$49.66$45.60
Max Pain$45.75$45.00$50.00$50.00$45.00
ATM IV36.9%29.9%46.3%44.3%34.7%
Expected Move10.2%6.4%13.3%12.7%10.0%
HV 20d37.4%26.8%41.8%27.3%38.9%
HV 60d34.7%30.9%36.4%31.5%34.3%
IV Rank10.7%5.7%17.3%15.8%9.7%
IV Percentile29.0%5.2%63.1%54.4%20.2%
Term Structure-4.0%-21.0%14.1%-21.0%-5.2%
VWIV35.0%15.6%43.1%42.7%30.1%
Skew 25d11.1%-3.9%39.1%0.6%2.6%
Skew 10d7.8%-40.9%67.3%4.2%-12.1%
Call IV 25d31.1%18.3%45.0%42.2%26.8%
Put IV 25d42.2%26.1%75.0%42.8%29.4%
Bid-Ask Spread %106.0169.00119.84106.76111.87
Gamma HHI0.610.370.870.630.50
Net GEX-112.6K-396.5K38.6K-60.4K32.3K
Net DEX766.2K-1.1M2.6M-569.9K-976.6K
Net VEX-5.6K-7.7K-3.8K-7.4K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.006.760.000.00
Total Volume31.851287515
Total OI1,484.97611,8721,530792

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$49.66$50.0044.3%12.7%27.3%15.8%42.7%0.6%-21.0%-60.4K-569.9K-7.4K0.00106.76N/AN/A50631899
2021-05-04$49.34$50.0044.2%12.7%26.8%15.8%43.1%14.6%-8.3%-68.3K-516.2K-7.6K6.7669.00N/AN/A37250633899
2021-05-05$45.89$50.0046.3%13.3%36.2%17.3%40.6%22.9%2.2%-107.6K1.5M-6.9K0.04119.84N/AN/A2516031,003
2021-05-06$46.50$45.0045.0%8.6%36.6%16.4%0.0%8.3%0.6%-140.5K1.6M-7.7K0.06102.31N/AN/A1716081,150
2021-05-07$45.84$45.0033.5%10.4%35.2%7.8%32.6%6.9%-2.8%-163.4K2.0M-6.7K0.3399.78N/AN/A316211,151
2021-05-10$46.66$45.0036.4%6.4%35.8%10.0%0.0%-3.9%9.3%-165.9K1.4M-6.8K1.00108.32N/AN/A116231,151
2021-05-11$45.98$45.0036.4%10.0%35.8%10.1%0.0%4.3%-5.8%-172.7K2.0M-6.3K0.07100.37N/AN/A1416251,151
2021-05-12$44.08$45.0030.6%8.8%38.1%5.7%41.0%6.9%14.1%-171.9K2.6M-5.6K3.90105.65N/AN/A10396171,151
2021-05-13$45.92$45.0036.4%10.4%41.6%10.0%36.0%20.0%-5.0%-165.3K2.0M-6.0K0.06109.03N/AN/A3626171,187
2021-05-14$46.23$45.0031.7%9.1%41.8%6.6%27.7%8.3%-0.9%-259.5K1.8M-5.3K0.00102.40N/AN/A5506351,188
2021-05-17$46.15$45.0032.1%9.2%41.1%6.8%31.2%18.1%-4.1%-130.1K1.6M-6.0K0.00105.59N/AN/A026841,188
2021-05-18$45.97$45.0043.4%12.4%39.7%15.2%36.4%7.1%-19.1%-207.0K2.0M-5.4K3.33100.20N/AN/A6206841,188
2021-05-19$44.82$45.0041.7%12.0%38.6%14.0%41.9%30.0%-2.8%-241.1K1.5M-5.3K0.00110.52N/AN/A011682949
2021-05-20$45.07$45.0032.4%9.3%38.7%7.8%32.4%2.5%-0.3%-396.5K1.4M-4.7K0.0099.63N/AN/A210682960
2021-05-21$45.76$45.0039.2%11.2%38.8%13.4%0.0%12.0%-14.8%24.4K78.2K-4.6K0.00116.66N/AN/A02692960
2021-05-24$46.35$45.0037.4%10.7%39.1%11.9%38.1%-2.3%-9.2%38.6K-1.1M-3.9K0.11113.55N/AN/A182596165
2021-05-25$45.31$45.0029.9%8.6%39.6%5.8%15.6%13.7%-3.0%29.6K-902.0K-4.0K0.00115.82N/AN/A190596167
2021-05-26$45.63$45.0032.5%9.3%39.2%7.9%0.0%39.1%-5.9%36.4K-985.9K-3.8K0.00114.33N/AN/A210610169
2021-05-27$46.14$45.0030.4%8.7%39.5%6.2%30.1%10.7%1.5%35.9K-1.1M-4.1K0.00108.60N/AN/A10622169
2021-05-28$45.60$45.0034.7%10.0%38.9%9.7%0.0%2.6%-5.2%32.3K-976.6K-4.0K0.00111.87N/AN/A150623169