HI Options History — February 2022

In February 2022, HI traded between $45.22 and $48.47. ATM implied volatility averaged 40.2%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 12.4% (HV 20d: 27.9%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.96.

Notable Days

2022-02-18: Highest Volume — 642 contracts
2022-02-14: Largest IV drop — 24.6% change
2022-02-02: Highest IV Rank — 57.3%
2022-02-02: Largest Expected Move — 16.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.10	$45.22	$48.47	$46.57	$47.65
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	40.2%	30.6%	55.8%	48.4%	36.0%
Expected Move	11.3%	8.8%	16.0%	13.9%	10.3%
HV 20d	27.9%	24.7%	30.8%	27.6%	30.6%
HV 60d	28.6%	27.7%	29.8%	28.3%	29.4%
IV Rank	31.5%	15.6%	57.3%	45.1%	24.5%
IV Percentile	56.7%	14.7%	95.2%	86.1%	43.3%
Term Structure	-3.2%	-17.5%	12.6%	-8.2%	3.4%
VWIV	43.0%	34.6%	53.4%	51.2%	48.8%
Skew 25d	5.6%	-17.5%	19.4%	10.9%	19.4%
Skew 10d	11.6%	-26.3%	44.4%	-6.4%	28.3%
Call IV 25d	43.0%	32.9%	66.3%	50.6%	46.0%
Put IV 25d	48.6%	35.8%	67.2%	61.6%	65.4%
Bid-Ask Spread %	113.08	96.24	122.12	120.80	110.19
Gamma HHI	0.29	0.23	0.52	0.24	0.27
Net GEX	18.4K	-8.9K	94.7K	16.7K	9.1K
Net DEX	-796.7K	-1.1M	-329.3K	-790.2K	-701.9K
Net VEX	-5.3K	-5.7K	-4.9K	-5.7K	-5.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.62	1.80	0.62	0.79
Total Volume	428.684	339	642	531	397
Total OI	861.947	795	1,139	817	862

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$46.57	$45.00	48.4%	13.9%	27.6%	45.1%	51.2%	10.9%	-8.2%	16.7K	-790.2K	-5.7K	0.62	120.80	N/A	N/A	328	203	577	240
2022-02-02	$46.84	$45.00	55.8%	16.0%	25.1%	57.3%	53.4%	6.6%	-17.5%	13.2K	-779.6K	-5.6K	0.72	96.24	N/A	N/A	282	203	558	240
2022-02-03	$46.86	$45.00	54.9%	11.5%	24.7%	55.8%	46.8%	0.9%	-2.5%	18.9K	-824.4K	-5.3K	0.72	122.12	N/A	N/A	282	203	561	240
2022-02-04	$46.01	$45.00	42.6%	11.6%	24.9%	35.5%	45.2%	8.8%	-1.9%	10.7K	-671.9K	-5.6K	0.85	117.84	N/A	N/A	186	159	558	241
2022-02-07	$46.67	$45.00	42.6%	12.3%	25.2%	35.5%	45.3%	-5.9%	-3.9%	11.5K	-764.0K	-5.4K	0.83	116.21	N/A	N/A	185	154	563	243
2022-02-08	$48.08	$45.00	39.8%	11.5%	28.1%	30.8%	47.6%	17.1%	-13.0%	22.7K	-1.0M	-5.1K	0.86	110.23	N/A	N/A	191	165	564	246
2022-02-09	$48.47	$45.00	32.7%	9.4%	28.3%	19.0%	34.6%	-17.5%	-4.6%	26.1K	-1.0M	-5.4K	0.86	105.44	N/A	N/A	192	165	573	258
2022-02-10	$47.05	$45.00	37.2%	10.7%	29.8%	26.5%	37.1%	2.2%	-4.6%	24.3K	-887.1K	-5.7K	0.81	118.53	N/A	N/A	189	154	581	258
2022-02-11	$47.28	$45.00	45.0%	12.9%	30.0%	39.5%	42.4%	9.0%	-2.4%	21.2K	-927.3K	-5.3K	0.81	116.03	N/A	N/A	189	154	581	261
2022-02-14	$47.63	$45.00	33.9%	9.7%	30.1%	21.1%	37.3%	9.3%	12.6%	22.5K	-905.8K	-5.2K	0.81	119.76	N/A	N/A	189	154	581	261
2022-02-15	$48.02	$45.00	36.0%	10.3%	29.2%	24.5%	40.7%	3.6%	5.4%	94.7K	-1.1M	-5.3K	1.80	109.84	N/A	N/A	189	341	581	261
2022-02-16	$48.38	$45.00	33.3%	9.6%	27.4%	20.1%	40.3%	12.0%	7.4%	30.0K	-980.0K	-5.1K	1.80	117.66	N/A	N/A	189	341	583	448
2022-02-17	$47.89	$45.00	35.5%	10.2%	25.9%	23.7%	36.5%	4.7%	5.4%	29.4K	-1.0M	-4.9K	1.23	115.59	N/A	N/A	286	351	583	448
2022-02-18	$47.93	$45.00	30.6%	8.8%	25.9%	15.6%	39.5%	8.2%	-1.1%	10.1K	-830.3K	-5.0K	1.24	104.35	N/A	N/A	286	356	681	458
2022-02-22	$45.74	$45.00	34.5%	9.9%	30.2%	22.1%	39.3%	3.6%	-9.5%	3.1K	-597.4K	-5.5K	0.87	106.58	N/A	N/A	190	165	477	318
2022-02-23	$45.22	$45.00	39.9%	11.4%	27.9%	31.1%	42.4%	0.9%	-0.5%	-8.5K	-359.7K	-5.3K	0.92	114.53	N/A	N/A	193	177	487	321
2022-02-24	$45.39	$45.00	47.4%	13.6%	27.6%	43.5%	50.2%	3.7%	-17.2%	-8.9K	-329.3K	-5.3K	0.92	113.78	N/A	N/A	192	177	510	332
2022-02-25	$47.16	$45.00	38.2%	11.0%	30.8%	28.2%	38.2%	9.4%	-8.1%	2.5K	-644.9K	-5.3K	0.84	112.74	N/A	N/A	211	177	510	332
2022-02-28	$47.65	$45.00	36.0%	10.3%	30.6%	24.5%	48.8%	19.4%	3.4%	9.1K	-701.9K	-5.7K	0.79	110.19	N/A	N/A	222	175	530	332