HI Options History — December 2021

In December 2021, HI traded between $45.54 and $53.33. ATM implied volatility averaged 43.3%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 13.3% (HV 20d: 30.1%). Max pain ranged from $35.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2021-12-17: Highest Volume — 402 contracts
  • 2021-12-15: Largest IV drop — 59.3% change
  • 2021-12-14: Highest IV Rank — 100.0%
  • 2021-12-03: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.12$45.54$53.33$45.54$52.13
Max Pain$42.05$35.00$50.00$50.00$45.00
ATM IV43.3%30.1%81.5%36.3%53.8%
Expected Move11.2%8.6%19.4%10.4%15.4%
HV 20d30.1%27.1%33.8%28.1%27.3%
HV 60d26.8%24.9%27.9%24.9%27.5%
IV Rank39.4%14.7%100.0%28.8%54.0%
IV Percentile59.7%12.3%100.0%43.3%93.3%
Term Structure-1.4%-21.7%9.2%1.2%-6.9%
VWIV38.5%30.6%58.7%39.2%51.6%
Skew 25d4.8%-13.7%33.4%3.6%12.6%
Skew 10d8.3%-55.6%58.7%6.7%-21.8%
Call IV 25d39.0%27.0%73.1%42.0%50.5%
Put IV 25d43.8%32.7%66.3%45.6%63.1%
Bid-Ask Spread %100.8390.48121.07109.46108.18
Gamma HHI0.620.280.900.710.35
Net GEX152.0K33.4K323.8K100.5K50.4K
Net DEX-2.3M-3.9M-1.0M-1.0M-1.8M
Net VEX-5.7K-7.6K-4.4K-4.4K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.090.830.340.17
Total Volume259.455124402237216
Total OI1,236.6367491,6361,455821

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$45.54$50.0036.3%10.4%28.1%28.8%39.2%3.6%1.2%100.5K-1.0M-4.4K0.34109.46N/AN/A177601,237218
2021-12-02$46.90$50.0045.6%13.1%28.4%46.5%54.5%-12.0%-10.9%147.0K-1.8M-5.8K0.61121.07N/AN/A99601,239220
2021-12-03$47.48$50.0067.7%19.4%28.6%88.7%58.7%-13.7%-21.7%132.5K-2.3M-6.3K0.62115.28N/AN/A97601,240220
2021-12-06$49.42$35.0039.7%11.2%30.4%35.3%39.7%14.3%4.8%255.3K-2.8M-5.6K0.5796.88N/AN/A105601,242220
2021-12-07$50.37$35.0060.6%9.5%31.1%75.2%34.5%-4.3%3.7%195.1K-3.4M-5.7K0.32104.69N/AN/A190601,250220
2021-12-08$50.38$35.0039.9%11.4%31.0%35.7%43.9%13.9%5.8%286.7K-3.7M-7.6K0.7394.16N/AN/A82601,365220
2021-12-09$50.50$35.0041.6%10.9%30.9%38.8%39.6%-4.0%9.2%290.5K-3.9M-7.2K0.71101.42N/AN/A84601,371220
2021-12-10$50.07$35.0044.3%10.9%31.1%44.0%38.3%-2.5%1.6%307.1K-3.5M-6.9K0.8390.48N/AN/A84701,372221
2021-12-13$49.72$35.0051.7%11.3%31.0%58.2%34.4%1.4%-4.5%323.8K-3.1M-6.4K0.4694.32N/AN/A85391,370231
2021-12-14$49.17$35.0081.5%10.0%29.9%100.0%33.2%7.2%1.1%258.0K-2.7M-5.8K0.4698.36N/AN/A85391,370233
2021-12-15$49.15$35.0033.1%9.5%29.9%19.8%34.6%1.4%-1.5%313.0K-2.8M-5.6K0.1291.36N/AN/A333391,370235
2021-12-16$48.89$45.0039.3%11.3%29.9%30.0%39.1%11.1%-4.3%284.6K-2.5M-6.1K0.12104.50N/AN/A331391,367236
2021-12-17$49.66$45.0036.8%10.6%30.4%25.9%35.4%11.9%-7.5%36.6K-1.2M-5.4K0.2194.23N/AN/A332701,368268
2021-12-20$48.36$45.0034.9%10.0%31.4%22.8%38.4%3.4%-4.3%33.4K-1.1M-5.6K0.10101.74N/AN/A31933555194
2021-12-21$49.83$45.0040.2%11.5%32.6%31.4%36.8%2.4%6.3%37.7K-1.4M-5.4K0.12106.84N/AN/A32339556195
2021-12-22$51.24$45.0034.3%9.8%33.8%21.7%32.1%2.3%1.3%44.2K-1.6M-5.1K0.1098.69N/AN/A32231561199
2021-12-23$52.45$45.0033.8%9.7%33.4%20.9%33.9%5.5%-13.7%42.8K-1.8M-5.5K0.0994.97N/AN/A33831565201
2021-12-27$53.33$45.0032.2%9.2%28.7%18.2%30.6%6.2%6.9%50.3K-2.1M-5.1K0.0996.02N/AN/A32430603201
2021-12-28$53.16$45.0030.1%8.6%27.6%14.7%33.9%5.0%1.8%52.3K-2.1M-5.3K0.1096.53N/AN/A30230606201
2021-12-29$52.93$45.0030.4%8.7%27.1%15.3%30.9%7.5%-1.5%56.3K-2.1M-5.0K0.0996.68N/AN/A31930607201
2021-12-30$52.02$45.0045.7%13.1%28.6%40.6%33.0%33.4%2.9%45.8K-1.8M-5.1K0.16102.29N/AN/A19130616201
2021-12-31$52.13$45.0053.8%15.4%27.3%54.0%51.6%12.6%-6.9%50.4K-1.8M-5.3K0.17108.18N/AN/A18531621200