HI Options History — February 2023

In February 2023, HI traded between $45.15 and $49.45. ATM implied volatility averaged 42.9%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 10.8% (HV 20d: 32.0%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-02-09: Highest Volume — 205 contracts
  • 2023-02-09: Largest IV spike — 73.2% change
  • 2023-02-06: Highest IV Rank — 42.4%
  • 2023-02-01: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.07$45.15$49.45$47.28$47.19
Max Pain$42.63$40.00$50.00$45.00$40.00
ATM IV42.9%26.4%61.8%53.2%40.7%
Expected Move11.2%7.6%15.2%15.2%11.7%
HV 20d32.0%28.5%34.6%30.6%32.8%
HV 60d37.7%35.8%39.3%38.8%36.6%
IV Rank21.5%3.3%42.4%32.9%19.1%
IV Percentile47.5%1.6%86.9%77.8%44.0%
Term Structure-9.2%-20.6%9.1%-14.0%-13.1%
VWIV39.1%27.7%50.9%46.6%33.7%
Skew 25d9.1%-7.8%24.2%-7.8%10.9%
Skew 10d4.6%-33.2%25.9%-33.2%6.8%
Call IV 25d33.6%20.8%67.6%67.6%27.8%
Put IV 25d42.7%30.4%59.8%59.8%38.7%
Bid-Ask Spread %113.0292.04121.80117.80121.80
Gamma HHI0.430.330.490.440.49
Net GEX50.8K38.5K61.0K49.6K52.4K
Net DEX-1.2M-1.5M-876.0K-1.0M-1.1M
Net VEX-4.8K-5.3K-4.2K-5.0K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.004.000.000.00
Total Volume19.0530205222
Total OI970.1589101,0219101,000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$47.28$45.0053.2%15.2%30.6%32.9%46.6%-7.8%-14.0%49.6K-1.0M-5.0K0.00117.80N/AN/A220581329
2023-02-02$48.89$50.0053.4%8.9%30.0%33.2%0.0%7.6%-8.8%56.0K-1.3M-5.2K4.00117.73N/AN/A14601329
2023-02-03$49.45$50.0036.7%9.5%30.0%14.7%41.4%1.8%-1.4%53.8K-1.4M-4.8K0.00117.78N/AN/A30602325
2023-02-06$48.88$50.0061.8%8.5%28.8%42.4%30.8%0.8%-5.0%59.7K-1.4M-5.3K0.00115.61N/AN/A10605325
2023-02-07$49.16$50.0042.5%7.7%28.5%21.1%27.7%24.2%0.2%61.0K-1.5M-4.8K1.00117.24N/AN/A22605325
2023-02-08$48.11$40.0026.4%7.6%29.9%3.3%38.8%19.5%9.1%56.5K-1.3M-5.2K2.33107.92N/AN/A37606327
2023-02-09$46.17$45.0045.7%13.1%33.6%24.6%42.2%1.3%-10.5%45.6K-910.7K-4.7K0.1592.04N/AN/A17827606333
2023-02-10$45.15$40.0047.2%13.5%34.5%26.3%50.9%11.7%-20.1%43.0K-893.7K-4.8K0.38113.84N/AN/A135638350
2023-02-13$46.09$40.0033.4%9.6%34.6%11.1%48.4%9.0%-0.9%48.2K-1.0M-4.7K0.25114.19N/AN/A41654353
2023-02-14$46.62$40.0039.5%11.3%34.3%17.8%47.6%21.0%-12.8%51.3K-1.2M-5.2K1.00109.49N/AN/A66658354
2023-02-15$46.55$40.0046.6%13.4%33.5%25.6%0.0%17.2%-12.1%56.4K-1.2M-4.7K0.00104.91N/AN/A50662354
2023-02-16$46.80$40.0042.8%12.3%30.1%21.4%0.0%19.2%-9.0%53.9K-1.2M-5.0K0.00111.02N/AN/A30667354
2023-02-17$47.40$40.0035.2%10.1%30.3%13.0%30.6%8.7%-2.3%49.6K-1.3M-4.5K0.00108.62N/AN/A60664354
2023-02-21$45.53$40.0035.0%10.0%33.8%12.8%30.8%-0.6%-2.2%38.5K-876.0K-4.2K0.40110.78N/AN/A156624332
2023-02-22$45.59$40.0036.4%10.4%33.4%14.4%33.7%-2.5%-13.1%44.3K-1.0M-4.6K0.05119.24N/AN/A221629332
2023-02-23$46.50$40.0050.8%14.6%33.6%30.3%0.0%15.0%-20.6%50.1K-1.2M-4.8K0.00115.48N/AN/A00651333
2023-02-24$46.24$40.0045.8%13.1%33.3%24.7%0.0%7.4%-20.1%47.6K-998.7K-4.3K0.00115.20N/AN/A30651333
2023-02-27$46.67$40.0041.2%11.8%32.9%19.7%0.0%8.5%-18.6%47.7K-1.1M-4.5K0.00116.64N/AN/A140654333
2023-02-28$47.19$40.0040.7%11.7%32.8%19.1%0.0%10.9%-13.1%52.4K-1.1M-4.3K0.00121.80N/AN/A20667333