HI Options History — November 2021

In November 2021, HI traded between $45.12 and $50.05. ATM implied volatility averaged 37.7%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 9.7% (HV 20d: 28.0%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.24.

Notable Days

  • 2021-11-11: Highest Volume — 619 contracts
  • 2021-11-30: Largest IV spike — 61.9% change
  • 2021-11-30: Highest IV Rank — 69.5%
  • 2021-11-30: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.25$45.12$50.05$47.22$45.12
Max Pain$43.81$40.00$50.00$45.00$50.00
ATM IV37.7%27.7%57.6%35.9%57.6%
Expected Move10.6%7.9%16.5%10.3%16.5%
HV 20d28.0%24.7%32.0%24.7%29.1%
HV 60d25.2%24.5%26.9%26.1%26.7%
IV Rank31.3%12.3%69.5%27.0%69.5%
IV Percentile47.7%5.6%97.2%38.5%97.2%
Term Structure-2.9%-26.9%12.5%-8.1%-26.9%
VWIV40.2%29.0%75.5%37.2%75.5%
Skew 25d4.0%-33.9%27.0%1.4%-33.9%
Skew 10d11.3%-28.1%133.4%13.4%7.2%
Call IV 25d41.8%30.3%82.3%30.3%82.3%
Put IV 25d45.8%31.7%68.3%31.7%48.4%
Bid-Ask Spread %102.4671.93114.91107.68114.91
Gamma HHI0.680.280.890.300.70
Net GEX120.8K22.9K238.8K26.1K98.4K
Net DEX-2.3M-3.6M-1.0M-1.2M-1.5M
Net VEX-5.9K-7.8K-2.9K-3.1K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.203.620.920.34
Total Volume331.762146619146233
Total OI1,253.816401,5126401,460

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$47.22$45.0035.9%10.3%24.7%27.0%37.2%1.4%-8.1%26.1K-1.2M-3.1K0.92107.68N/AN/A7670419221
2021-11-02$46.10$45.0041.2%11.8%26.4%36.6%44.7%3.1%2.9%22.9K-1.0M-3.4K0.92105.66N/AN/A7670422227
2021-11-03$47.38$45.0032.4%9.3%27.2%20.5%31.6%1.5%9.0%28.9K-1.2M-2.9K0.21100.67N/AN/A32770422227
2021-11-04$47.80$40.0027.9%8.8%27.1%12.8%37.1%8.0%-7.8%56.3K-1.8M-4.5K0.73100.19N/AN/A9670675227
2021-11-05$49.18$40.0036.3%8.5%28.0%28.8%32.5%23.4%8.1%71.4K-2.1M-4.6K0.64110.65N/AN/A11070711227
2021-11-08$49.27$40.0043.9%12.7%27.9%43.4%43.4%-7.0%-8.6%67.0K-2.1M-4.3K0.2097.92N/AN/A33667707227
2021-11-09$49.68$45.0041.8%8.9%27.8%39.3%31.0%5.2%4.7%142.6K-2.7M-5.8K0.81107.59N/AN/A342276962226
2021-11-10$50.03$50.0032.5%9.3%27.7%21.6%32.6%0.9%0.1%73.7K-2.4M-7.4K0.81105.19N/AN/A341276972479
2021-11-11$50.05$40.0037.9%10.9%27.7%31.9%38.1%16.8%-4.8%157.5K-3.6M-7.8K0.8096.25N/AN/A3432761,231229
2021-11-12$49.63$40.0036.5%10.5%27.9%29.1%45.8%5.9%5.9%164.0K-3.5M-7.6K3.29106.54N/AN/A842761,234229
2021-11-15$48.41$40.0041.9%12.0%27.7%39.5%41.9%3.1%-9.4%140.4K-3.0M-6.9K3.2197.83N/AN/A862761,242229
2021-11-16$48.23$40.0039.6%11.3%27.8%35.0%40.5%9.2%-5.2%146.6K-2.9M-6.9K3.6293.06N/AN/A782821,242230
2021-11-17$48.14$40.0039.5%11.3%27.6%35.0%41.0%-11.1%-1.9%156.1K-2.8M-6.7K2.6771.93N/AN/A1092911,243237
2021-11-18$48.25$40.0032.7%9.4%27.6%21.9%36.4%27.0%4.2%186.7K-2.9M-6.8K2.53102.80N/AN/A1162941,252260
2021-11-19$49.07$40.0036.0%10.3%27.5%28.2%35.7%10.2%-6.3%163.8K-3.1M-6.6K2.6197.73N/AN/A1122921,252260
2021-11-22$49.97$40.0042.6%12.2%27.9%40.9%42.1%24.9%-11.3%158.2K-3.4M-6.6K0.36101.64N/AN/A170611,156175
2021-11-23$49.43$50.0027.7%7.9%28.5%12.3%29.0%0.9%6.1%238.8K-2.9M-7.5K0.37109.65N/AN/A166611,238212
2021-11-24$48.39$50.0032.0%9.2%27.5%20.6%38.1%-3.9%12.5%201.9K-2.4M-7.1K0.35105.68N/AN/A169601,241212
2021-11-26$46.35$50.0040.2%11.5%31.8%36.2%45.9%1.4%-20.3%133.6K-1.6M-6.0K0.38107.61N/AN/A168631,241214
2021-11-29$45.59$50.0035.6%10.2%32.0%27.5%44.1%-3.6%-3.4%101.0K-1.1M-4.6K0.36110.55N/AN/A168601,241219
2021-11-30$45.12$50.0057.6%16.5%29.1%69.5%75.5%-33.9%-26.9%98.4K-1.5M-6.2K0.34114.91N/AN/A174591,241219