HI Options History — September 2022

In September 2022, HI traded between $36.63 and $41.59. ATM implied volatility averaged 51.8%, placing in the 49.8% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 7.8% (HV 20d: 59.6%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.62.

Notable Days

  • 2022-09-16: Highest Volume — 506 contracts
  • 2022-09-12: Largest IV spike — 65.8% change
  • 2022-09-30: Highest IV Rank — 92.2%
  • 2022-09-30: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.04$36.63$41.59$40.83$36.94
Max Pain$38.33$35.00$40.00$40.00$40.00
ATM IV51.8%32.3%77.8%62.4%77.8%
Expected Move13.2%9.1%22.3%17.9%22.3%
HV 20d59.6%50.7%73.7%63.5%52.3%
HV 60d50.0%46.4%51.4%46.4%50.4%
IV Rank49.8%18.1%92.2%67.2%92.2%
IV Percentile67.1%14.3%98.8%92.1%98.8%
Term Structure-4.4%-23.6%14.7%-21.6%-8.5%
VWIV41.6%28.1%55.8%39.5%55.8%
Skew 25d7.8%-3.0%28.1%25.9%28.1%
Skew 10d19.7%-15.2%79.9%65.7%-15.2%
Call IV 25d47.8%34.1%68.1%60.6%57.3%
Put IV 25d55.6%34.9%86.6%86.6%85.4%
Bid-Ask Spread %107.7095.63124.26115.69108.46
Gamma HHI0.260.210.320.240.25
Net GEX5.1K-10.3K19.4K6.3K6.0K
Net DEX-285.3K-650.0K152.8K-376.0K-257.1K
Net VEX-4.4K-5.7K-2.2K-2.4K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.0013.5513.550.30
Total Volume201.66705060448
Total OI865.6194471,0184471,011

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$40.83$40.0062.4%17.9%63.5%67.2%0.0%25.9%-21.6%6.3K-376.0K-2.4K0.00115.69N/AN/A00288159
2022-09-02$40.43$40.0040.9%11.7%63.4%32.2%0.0%-3.0%-6.3%4.3K-339.6K-2.3K0.00124.26N/AN/A00288159
2022-09-06$37.26$35.0063.6%10.8%68.8%69.1%39.5%2.3%-2.0%6.3K-102.9K-2.2K13.55104.83N/AN/A33447288159
2022-09-07$38.34$35.0053.4%9.1%69.4%52.4%33.7%-0.3%3.3%-7.8K-2.4K-3.4K6.21112.38N/AN/A34211308425
2022-09-08$37.77$35.0052.6%10.8%65.4%51.2%31.9%10.0%-4.8%-10.3K152.8K-4.1K1.00102.17N/AN/A1212309484
2022-09-09$40.70$35.0038.1%10.4%71.8%27.5%35.2%8.2%0.8%-7.4K-224.7K-3.9K0.00113.03N/AN/A970299485
2022-09-12$41.59$35.0063.1%10.0%72.0%68.3%36.5%8.7%-0.3%9.5K-595.3K-2.9K0.1496.70N/AN/A213389485
2022-09-13$39.64$35.0074.0%12.2%73.2%85.9%40.1%-2.4%0.2%3.0K-232.5K-4.2K2.4895.85N/AN/A4099395482
2022-09-14$40.23$35.0033.5%9.6%73.7%20.1%28.1%11.7%0.2%5.0K-352.9K-3.6K0.04108.19N/AN/A32212395482
2022-09-15$40.06$40.0042.8%12.3%63.4%35.1%0.0%8.3%-5.5%190-300.6K-4.9K0.00108.77N/AN/A570438494
2022-09-16$39.89$40.0035.1%10.1%51.1%22.6%33.9%-0.2%14.7%3.0K-431.4K-4.9K0.26106.15N/AN/A401105495494
2022-09-19$40.62$40.0037.8%10.8%51.8%27.0%0.0%-0.1%-3.1%15.1K-586.2K-4.7K0.0095.63N/AN/A20474467
2022-09-20$40.83$40.0032.3%9.3%51.0%18.1%43.4%-0.6%3.2%17.1K-650.0K-4.9K0.01104.29N/AN/A691476467
2022-09-21$40.07$40.0039.7%11.4%51.2%30.2%42.8%10.6%0.7%19.4K-545.4K-5.3K2.36108.36N/AN/A1126545467
2022-09-22$39.01$40.0047.3%13.5%51.7%42.4%0.0%-2.6%-23.6%8.5K-411.4K-5.4K0.00117.41N/AN/A00544467
2022-09-23$37.69$40.0054.5%15.6%52.0%54.2%0.0%3.3%-8.6%10.7K-281.9K-5.7K0.00103.50N/AN/A00544467
2022-09-26$36.79$40.0069.2%19.8%50.7%78.2%52.2%13.9%-11.9%5.6K-97.4K-5.5K0.28110.44N/AN/A34497544467
2022-09-27$36.63$40.0064.1%18.4%50.7%69.9%54.9%1.0%-9.0%7.5K-79.2K-5.5K0.30114.45N/AN/A344104544467
2022-09-28$37.75$40.0043.4%12.5%52.2%36.2%47.6%26.8%-4.2%5.8K-167.9K-5.2K0.31110.82N/AN/A334104544474
2022-09-29$36.84$40.0062.1%17.8%52.6%66.7%49.2%14.1%-7.0%-1.5K-108.3K-5.3K0.31100.25N/AN/A340105545464
2022-09-30$36.94$40.0077.8%22.3%52.3%92.2%55.8%28.1%-8.5%6.0K-257.1K-5.6K0.30108.46N/AN/A344104546465