HI Options History — April 2023

In April 2023, HI traded between $43.75 and $46.63. ATM implied volatility averaged 46.6%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 11.8% (HV 20d: 34.8%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-04-19: Highest Volume — 23 contracts
  • 2023-04-27: Largest IV spike — 46.9% change
  • 2023-04-11: Highest IV Rank — 40.2%
  • 2023-04-03: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.42$43.75$46.63$46.36$45.77
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV46.6%32.3%59.8%59.0%45.9%
Expected Move12.6%9.2%16.9%16.9%13.2%
HV 20d34.8%31.9%38.4%33.0%34.6%
HV 60d33.5%32.7%34.4%32.9%33.3%
IV Rank25.6%9.8%40.2%39.4%24.9%
IV Percentile58.0%11.1%85.7%84.9%60.3%
Term Structure-8.7%-31.4%9.4%-16.7%-12.4%
VWIV47.6%24.8%101.9%43.3%32.2%
Skew 25d13.8%-13.7%34.3%19.6%22.8%
Skew 10d14.0%-16.6%54.6%-8.9%29.9%
Call IV 25d35.5%25.0%61.5%25.0%33.5%
Put IV 25d49.2%36.2%67.1%44.6%56.3%
Bid-Ask Spread %108.5178.99121.41106.85111.25
Gamma HHI0.420.260.630.440.33
Net GEX32.5K10.8K50.9K50.5K18.5K
Net DEX-748.0K-1.1M-546.4K-1.1M-677.2K
Net VEX-2.9K-4.0K-2.3K-4.0K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.006.670.000.00
Total Volume5.053023106
Total OI9004411,0881,044466

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$46.36$45.0059.0%16.9%33.0%39.4%0.0%19.6%-16.7%50.5K-1.1M-4.0K0.00106.85N/AN/A100698346
2023-04-04$43.83$45.0045.4%13.0%38.3%24.3%43.3%21.1%-8.5%33.6K-704.5K-3.4K0.00103.13N/AN/A10708346
2023-04-05$44.04$45.0053.9%15.5%38.4%33.7%0.0%-13.7%-31.4%24.8K-582.7K-3.1K0.00111.13N/AN/A00708345
2023-04-06$44.02$45.0040.3%10.8%38.4%18.7%0.0%15.7%-9.3%25.3K-564.0K-3.0K0.00119.67N/AN/A00708345
2023-04-10$45.12$45.0055.7%10.3%36.8%35.7%0.0%1.1%-8.4%37.8K-750.8K-3.2K0.00121.41N/AN/A00708345
2023-04-11$45.78$45.0059.8%9.2%36.2%40.2%0.0%11.1%7.7%48.6K-804.9K-3.1K0.00116.54N/AN/A10708345
2023-04-12$45.69$45.0040.8%11.7%36.1%19.2%0.0%16.7%-5.3%41.6K-787.6K-2.9K0.00114.59N/AN/A00709345
2023-04-13$46.11$45.0033.0%9.5%35.0%10.6%24.8%10.3%-12.9%50.7K-914.4K-3.3K0.09120.53N/AN/A111709345
2023-04-14$45.78$45.0043.8%12.5%34.8%22.5%0.0%34.3%3.4%47.2K-835.1K-3.5K0.00120.64N/AN/A02714344
2023-04-17$46.63$45.0043.5%12.5%34.7%22.2%35.7%11.5%-8.3%50.9K-847.3K-2.9K0.75111.16N/AN/A43714344
2023-04-18$45.88$45.0050.2%14.4%35.1%29.6%0.0%16.8%-8.4%41.3K-785.1K-2.9K0.00105.01N/AN/A00716347
2023-04-19$45.94$45.0052.3%15.0%33.5%31.9%101.9%30.2%-13.2%39.0K-780.2K-2.8K6.67112.05N/AN/A320716347
2023-04-20$46.02$45.0041.9%12.0%32.4%20.5%0.0%5.3%-8.4%48.6K-890.7K-2.8K0.00103.18N/AN/A20719367
2023-04-21$45.97$45.0040.9%11.7%32.0%19.3%0.0%2.8%-16.3%11.2K-778.4K-2.3K0.0088.29N/AN/A50721367
2023-04-24$46.13$45.0044.7%12.8%32.0%23.6%0.0%-0.3%-5.3%12.3K-707.4K-2.4K0.00100.66N/AN/A70327114
2023-04-25$45.33$45.0053.8%15.4%31.9%33.6%0.0%20.8%-18.3%10.8K-599.6K-2.5K0.0078.99N/AN/A00334114
2023-04-26$43.75$45.0032.3%9.2%34.3%9.8%32.2%11.0%9.4%11.6K-546.4K-2.4K0.06103.24N/AN/A161334114
2023-04-27$44.84$45.0047.4%13.6%33.9%26.5%0.0%24.8%-3.3%13.8K-589.4K-2.6K0.00113.32N/AN/A30348115
2023-04-28$45.77$45.0045.9%13.2%34.6%24.9%0.0%22.8%-12.4%18.5K-677.2K-2.4K0.00111.25N/AN/A60351115