HI Options History — March 2022

In March 2022, HI traded between $43.90 and $47.81. ATM implied volatility averaged 44.0%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 13.0% (HV 20d: 31.0%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.57.

Notable Days

  • 2022-03-14: Highest Volume — 461 contracts
  • 2022-03-23: Largest IV spike — 127.8% change
  • 2022-03-31: Highest IV Rank — 72.3%
  • 2022-03-10: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.76$43.90$47.81$46.68$44.28
Max Pain$41.67$35.00$45.00$45.00$45.00
ATM IV44.0%27.2%64.8%44.0%64.8%
Expected Move12.0%9.2%21.6%12.6%9.7%
HV 20d31.0%26.7%33.6%30.7%29.9%
HV 60d28.8%27.9%29.7%29.1%28.9%
IV Rank37.8%10.0%72.3%37.7%72.3%
IV Percentile66.5%4.8%98.4%77.0%98.4%
Term Structure-10.1%-36.6%4.4%-1.7%-36.6%
VWIV50.5%35.2%81.4%51.2%53.3%
Skew 25d18.5%-7.1%151.1%22.8%-6.5%
Skew 10d30.0%-14.3%171.1%22.2%27.5%
Call IV 25d41.3%29.4%65.7%44.3%52.8%
Put IV 25d59.8%42.6%182.2%67.1%46.4%
Bid-Ask Spread %110.3695.97125.24113.88112.33
Gamma HHI0.360.250.480.350.37
Net GEX-5.3K-25.9K17.6K-3.3K-7.1K
Net DEX-510.3K-844.1K-281.0K-565.9K-359.1K
Net VEX-4.9K-5.4K-3.9K-5.3K-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.270.950.850.47
Total Volume413.522286461382286
Total OI877.522829920863878

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$46.68$45.0044.0%12.6%30.7%37.7%51.2%22.8%-1.7%-3.3K-565.9K-5.3K0.85113.88N/AN/A207175530333
2022-03-02$47.81$45.0034.0%9.7%31.7%21.2%43.3%16.7%-2.8%2.4K-754.6K-5.2K0.84112.38N/AN/A231194512333
2022-03-03$47.66$45.0034.1%9.8%31.7%21.4%44.0%13.8%4.0%4.8K-761.1K-5.4K0.91114.15N/AN/A214194532352
2022-03-04$46.95$45.0036.7%10.5%32.2%25.8%41.7%7.9%-3.2%-1.1K-607.9K-5.4K0.91109.64N/AN/A214194531352
2022-03-07$46.35$45.0048.4%13.9%31.8%45.0%55.1%8.0%-2.7%-7.3K-513.6K-5.3K0.94111.93N/AN/A211199531356
2022-03-08$45.97$45.0043.2%14.1%31.5%36.5%55.0%4.3%-1.1%-5.5K-333.4K-4.9K0.95115.68N/AN/A211200531359
2022-03-09$47.09$45.0041.7%17.2%30.9%34.0%58.1%7.8%-6.5%-4.7K-576.9K-5.4K0.94117.13N/AN/A211198531354
2022-03-10$45.62$45.0042.1%21.6%32.5%34.6%81.4%10.2%-3.1%-6.9K-365.4K-5.1K0.95125.24N/AN/A208198531355
2022-03-11$44.60$45.0032.1%21.1%31.8%18.1%73.8%11.9%1.3%-5.5K-384.7K-5.0K0.95121.39N/AN/A208198532355
2022-03-14$44.37$35.0040.3%10.8%31.7%31.7%36.8%11.6%-9.5%-11.4K-288.8K-4.7K0.3895.97N/AN/A334127534356
2022-03-15$44.14$40.0039.3%10.8%31.4%30.1%37.3%11.3%-5.9%-9.5K-281.0K-5.3K0.3897.97N/AN/A334127545370
2022-03-16$45.10$40.0045.3%10.3%32.5%40.0%39.7%22.8%-18.4%-21.9K-372.4K-5.2K0.38106.20N/AN/A316121545370
2022-03-17$45.81$0.0037.1%10.3%32.9%26.3%0.0%9.4%-7.8%-15.0K-407.6K-5.0K0.38116.56N/AN/A316121547373
2022-03-18$46.24$0.0038.3%9.2%33.1%28.3%49.3%13.0%-5.2%-9.1K-532.7K-4.4K0.39102.92N/AN/A316123547373
2022-03-21$46.96$35.0035.5%9.4%33.6%23.8%40.3%4.4%-2.9%-10.3K-569.3K-4.8K0.30100.74N/AN/A32498511318
2022-03-22$46.24$35.0027.2%11.9%29.6%10.0%54.2%151.1%4.4%17.6K-844.1K-3.9K0.32111.08N/AN/A312101517320
2022-03-23$45.45$35.0062.0%10.6%30.0%67.6%56.6%9.6%-34.1%4.8K-549.8K-4.4K0.32102.61N/AN/A311101517321
2022-03-24$45.51$35.0056.0%9.7%29.9%57.6%55.1%-7.1%-16.2%3.5K-558.4K-4.8K0.31114.08N/AN/A325101532321
2022-03-25$44.89$35.0058.6%9.2%26.7%62.0%40.2%1.6%-33.5%2.9K-560.7K-4.9K0.34103.03N/AN/A325112532321
2022-03-28$43.90$45.0056.9%9.8%27.1%59.1%35.2%10.0%-18.7%-1.1K-466.1K-4.8K0.2797.42N/AN/A32888531333
2022-03-29$45.70$45.0049.4%10.3%30.6%46.7%58.2%91.6%-16.7%-25.9K-447.4K-4.2K0.28123.05N/AN/A31088539340
2022-03-30$45.20$45.0045.2%12.4%29.3%39.8%52.1%-0.0%-15.4%-11.2K-635.1K-4.2K0.29112.93N/AN/A31091542340
2022-03-31$44.28$45.0064.8%9.7%29.9%72.3%53.3%-6.5%-36.6%-7.1K-359.1K-4.6K0.47112.33N/AN/A19591542336