HI Options History — January 2023

In January 2023, HI traded between $41.87 and $46.85. ATM implied volatility averaged 42.2%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 5.8% (HV 20d: 36.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.05.

Notable Days

  • 2023-01-11: Highest Volume — 187 contracts
  • 2023-01-05: Largest IV spike — 60.9% change
  • 2023-01-10: Highest IV Rank — 41.1%
  • 2023-01-31: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.74$41.87$46.85$42.94$46.85
Max Pain$44.50$40.00$45.00$40.00$45.00
ATM IV42.2%33.3%60.6%37.9%49.1%
Expected Move11.4%8.2%14.1%10.9%14.1%
HV 20d36.5%28.8%43.1%39.4%30.5%
HV 60d39.7%38.7%40.9%40.4%38.8%
IV Rank20.8%11.0%41.1%16.0%28.4%
IV Percentile45.7%14.3%86.1%31.3%71.8%
Term Structure-8.0%-18.8%5.8%-4.4%-18.8%
VWIV37.7%28.7%53.9%44.1%41.9%
Skew 25d3.9%-6.9%13.6%3.3%12.9%
Skew 10d11.2%-19.7%45.4%-1.5%45.4%
Call IV 25d39.5%27.8%49.3%42.6%48.5%
Put IV 25d43.4%35.5%61.3%45.8%61.3%
Bid-Ask Spread %114.32102.69122.83104.24109.85
Gamma HHI0.310.210.430.230.42
Net GEX33.6K11.4K61.6K20.2K47.1K
Net DEX-747.8K-1.1M-335.2K-509.6K-951.6K
Net VEX-4.8K-5.8K-3.8K-4.4K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.330.000.00
Total Volume13.35018720
Total OI1,009.48871,174974910

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$42.94$40.0037.9%10.9%39.4%16.0%0.0%3.3%-4.4%20.2K-509.6K-4.4K0.00104.24N/AN/A02578396
2023-01-04$41.87$40.0036.3%10.4%38.8%14.3%0.0%-6.9%5.8%11.4K-348.3K-4.1K0.00102.69N/AN/A00578396
2023-01-05$42.30$45.0058.5%11.7%39.2%38.8%0.0%8.1%-8.5%13.8K-335.2K-4.5K0.00114.43N/AN/A00578396
2023-01-06$43.87$45.0033.4%8.2%42.3%11.0%0.0%-4.4%-2.8%22.8K-514.2K-4.0K0.00119.92N/AN/A10580396
2023-01-09$44.52$45.0041.0%9.5%43.1%19.5%0.0%6.6%-6.7%23.1K-575.0K-3.8K0.00112.35N/AN/A00581396
2023-01-10$45.08$45.0060.6%11.8%42.8%41.1%44.1%-3.0%-8.0%28.4K-630.4K-4.3K0.00122.83N/AN/A100581396
2023-01-11$45.55$45.0041.8%12.0%43.1%20.3%0.0%13.6%-13.9%32.9K-766.9K-4.3K0.00116.92N/AN/A1870591396
2023-01-12$45.81$45.0047.9%13.7%42.9%27.1%53.9%8.0%-6.0%44.5K-1.1M-5.8K0.00115.74N/AN/A01769396
2023-01-13$46.73$45.0033.3%9.6%42.9%11.0%29.8%-0.9%-6.9%60.8K-1.1M-5.4K0.33108.19N/AN/A31769397
2023-01-17$45.95$45.0038.1%10.9%42.8%16.2%33.3%11.8%-12.5%61.6K-1.0M-5.3K0.14110.09N/AN/A142769397
2023-01-18$45.06$45.0038.5%11.0%32.1%16.7%0.0%8.8%-9.0%47.7K-916.8K-5.6K0.00119.72N/AN/A00772398
2023-01-19$43.40$45.0041.4%11.9%32.7%19.9%0.0%-4.0%-9.5%33.5K-676.2K-5.3K0.00115.66N/AN/A00772398
2023-01-20$43.61$45.0033.7%9.7%31.4%11.4%32.1%-0.7%-6.5%24.0K-693.5K-5.4K0.00113.85N/AN/A240772402
2023-01-23$44.30$45.0040.5%11.6%31.8%18.9%28.7%12.7%-0.1%27.8K-666.9K-4.3K0.00120.29N/AN/A160559328
2023-01-24$44.98$45.0045.7%13.1%30.8%24.7%41.9%-2.5%-9.4%35.3K-796.6K-5.0K0.00117.54N/AN/A10575328
2023-01-25$45.70$45.0042.3%12.1%31.0%20.9%0.0%5.7%-7.6%36.0K-855.3K-4.7K0.00119.26N/AN/A02577328
2023-01-26$45.09$45.0040.3%11.6%31.7%18.7%0.0%-2.2%-4.3%33.0K-745.0K-5.2K0.00119.64N/AN/A20577333
2023-01-27$45.86$45.0043.3%12.4%31.1%22.0%0.0%2.8%-18.5%33.9K-914.3K-5.2K0.00115.72N/AN/A10580333
2023-01-30$45.37$45.0040.4%11.6%28.8%18.8%0.0%7.7%-11.4%34.3K-836.1K-5.4K0.00107.55N/AN/A00581329
2023-01-31$46.85$45.0049.1%14.1%30.5%28.4%0.0%12.9%-18.8%47.1K-951.6K-4.9K0.00109.85N/AN/A00581329