HI Options History — July 2021

In July 2021, HI traded between $42.92 and $45.74. ATM implied volatility averaged 38.3%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 10.0% (HV 20d: 28.3%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2021-07-01: Highest Volume — 20 contracts
  • 2021-07-12: Largest IV spike — 63.6% change
  • 2021-07-12: Highest IV Rank — 41.5%
  • 2021-07-01: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.34$42.92$45.74$44.51$45.16
Max Pain$44.76$40.00$45.00$45.00$45.00
ATM IV38.3%23.0%73.6%53.3%34.5%
Expected Move9.9%6.9%15.3%15.3%9.9%
HV 20d28.3%25.1%32.0%30.3%26.4%
HV 60d32.6%29.6%33.3%32.8%29.6%
IV Rank15.8%0.2%41.5%24.9%13.9%
IV Percentile40.4%0.4%95.6%85.7%26.6%
Term Structure-2.5%-30.6%10.2%-30.6%-3.2%
VWIV37.7%25.9%60.1%45.4%44.5%
Skew 25d5.4%-24.3%34.4%10.6%10.7%
Skew 10d18.0%-21.1%72.9%-13.1%15.4%
Call IV 25d36.7%27.6%69.0%31.7%27.6%
Put IV 25d42.0%21.7%64.1%42.3%38.2%
Bid-Ask Spread %110.6496.55115.94107.25112.85
Gamma HHI0.450.240.820.430.30
Net GEX-43.3K-155.9K22.3K-43.7K21.0K
Net DEX15.2K-929.9K1.7M-190.8K-872.8K
Net VEX-3.7K-6.2K-2.4K-6.2K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.002.000.110.00
Total Volume7.571020200
Total OI1,058.0484631,5811,569506

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$44.51$45.0053.3%15.3%30.3%24.9%45.4%10.6%-30.6%-43.7K-190.8K-6.2K0.11107.25N/AN/A182768801
2021-07-02$44.07$45.0041.9%12.0%30.2%15.6%60.1%-18.7%-22.9%-41.6K325.4K-6.2K1.6799.27N/AN/A35772801
2021-07-06$43.42$40.0031.7%8.8%30.6%7.3%33.7%-2.1%5.9%-128.5K985.5K-4.9K2.0096.55N/AN/A24765805
2021-07-07$43.66$45.0023.0%8.5%30.3%0.2%0.0%-2.5%6.6%-138.1K1.1M-4.2K0.00110.93N/AN/A90765806
2021-07-08$43.44$45.0036.1%9.6%30.3%10.9%0.0%9.2%2.8%-111.1K933.5K-4.8K0.00102.90N/AN/A20773806
2021-07-09$44.61$45.0045.0%7.9%31.8%18.1%0.0%6.9%10.2%-126.3K504.4K-4.7K0.00110.91N/AN/A110775806
2021-07-12$45.17$45.0073.6%6.9%32.0%41.5%0.0%6.0%8.1%-77.3K61.3K-4.4K0.00113.02N/AN/A00767805
2021-07-13$44.02$45.0047.3%9.5%31.6%29.0%25.9%-4.0%-0.5%-153.4K776.8K-4.1K0.00113.06N/AN/A012767805
2021-07-14$43.70$45.0025.7%7.4%31.1%3.5%0.0%11.9%3.5%-123.7K871.2K-3.9K0.09111.96N/AN/A111767814
2021-07-15$43.60$45.0028.1%8.1%30.2%6.3%0.0%3.4%5.7%-155.9K1.2M-3.6K0.00113.71N/AN/A00759813
2021-07-16$43.55$45.0029.1%8.4%26.7%7.5%29.3%2.8%6.5%12.3K1.7M-2.9K2.00108.69N/AN/A36757813
2021-07-19$42.92$45.0026.0%7.5%25.1%3.8%28.2%34.4%5.5%12.2K-595.9K-3.0K0.07115.62N/AN/A141329134
2021-07-20$44.80$45.0038.7%11.1%25.3%18.9%33.7%14.5%9.6%16.1K-759.5K-2.7K0.00112.33N/AN/A120337135
2021-07-21$45.15$45.0039.9%11.4%25.2%20.3%38.5%4.3%-5.7%18.7K-817.6K-2.6K0.09112.56N/AN/A111347135
2021-07-22$44.25$45.0036.4%10.4%26.3%16.2%0.0%3.0%-5.9%16.6K-752.1K-3.0K1.00115.07N/AN/A11357134
2021-07-23$44.61$45.0041.4%11.9%26.0%22.1%44.5%13.1%-7.1%16.9K-760.1K-3.0K0.27115.09N/AN/A113358135
2021-07-26$44.80$45.0049.6%14.2%26.0%31.8%0.0%-24.3%-21.2%17.2K-782.5K-3.0K0.00115.94N/AN/A10358135
2021-07-27$44.52$45.0033.4%9.6%25.6%12.6%0.0%10.6%-7.9%18.5K-784.4K-2.8K0.00110.33N/AN/A00365138
2021-07-28$45.51$45.0037.8%10.8%26.4%17.8%0.0%17.7%-10.3%18.6K-909.8K-2.4K0.00115.30N/AN/A30365138
2021-07-29$45.74$45.0030.9%8.8%26.0%9.6%0.0%5.0%-0.9%22.3K-929.9K-2.7K0.00110.13N/AN/A110365138
2021-07-30$45.16$45.0034.5%9.9%26.4%13.9%0.0%10.7%-3.2%21.0K-872.8K-2.5K0.00112.85N/AN/A00368138