HI Options History — May 2023

In May 2023, HI traded between $44.48 and $49.10. ATM implied volatility averaged 35.6%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 0.5% (HV 20d: 35.1%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2023-05-17: Highest Volume — 37 contracts
  • 2023-05-16: Largest IV spike — 98.6% change
  • 2023-05-03: Highest IV Rank — 43.5%
  • 2023-05-03: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.30$44.48$49.10$46.40$48.30
Max Pain$46.14$40.00$50.00$45.00$40.00
ATM IV35.6%20.5%62.8%56.7%38.6%
Expected Move9.6%5.9%18.0%16.3%11.1%
HV 20d35.1%24.1%40.0%32.5%36.3%
HV 60d34.3%32.3%35.5%32.7%33.3%
IV Rank14.9%0.0%43.5%36.8%19.4%
IV Percentile30.5%0.0%90.9%84.1%37.3%
Term Structure-8.3%-19.7%3.5%-17.5%-10.4%
VWIV29.5%20.2%51.3%41.3%25.5%
Skew 25d14.1%-2.6%54.8%9.7%-2.2%
Skew 10d13.8%-1.7%35.0%7.8%8.9%
Call IV 25d28.1%17.7%54.2%40.8%31.5%
Put IV 25d42.2%23.3%92.7%50.6%29.3%
Bid-Ask Spread %109.9194.13121.60112.34111.71
Gamma HHI0.420.260.570.350.47
Net GEX20.8K11.1K34.4K11.1K21.2K
Net DEX-855.8K-1.2M-549.6K-745.6K-913.8K
Net VEX-2.1K-2.6K-1.8K-2.1K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.004.000.000.00
Total Volume5.45503733
Total OI486.227444553472449

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$46.40$45.0056.7%16.3%32.5%36.8%41.3%9.7%-17.5%11.1K-745.6K-2.1K0.00112.34N/AN/A30357115
2023-05-02$45.94$45.0056.9%16.3%31.8%37.0%51.3%15.2%-17.5%15.1K-710.6K-2.4K0.00111.18N/AN/A20360115
2023-05-03$46.02$45.0062.8%18.0%24.1%43.5%0.0%54.8%-19.7%15.4K-641.2K-2.6K0.00121.60N/AN/A50362115
2023-05-04$45.21$50.0050.6%11.5%25.1%30.0%0.0%5.2%-8.1%13.2K-650.4K-2.1K0.00107.09N/AN/A00366115
2023-05-05$46.91$50.0056.1%12.8%28.1%36.1%36.1%25.6%-14.6%20.5K-812.5K-2.5K4.00110.42N/AN/A312366115
2023-05-08$46.98$50.0059.1%11.1%26.9%39.5%36.7%17.1%-13.5%19.7K-828.4K-2.4K0.00110.47N/AN/A80368127
2023-05-09$44.48$50.0026.2%6.8%33.1%3.2%0.0%8.0%3.5%18.4K-549.6K-1.9K0.33113.41N/AN/A31375127
2023-05-10$46.63$50.0029.9%8.6%37.3%7.2%0.0%11.0%-2.3%16.4K-768.0K-2.0K0.00104.61N/AN/A10376128
2023-05-11$46.64$50.0028.3%8.1%37.2%5.4%0.0%5.3%-2.7%11.6K-853.5K-1.9K0.00117.16N/AN/A00376128
2023-05-12$46.51$50.0038.3%11.0%37.1%16.5%0.0%17.5%-9.6%17.5K-762.9K-1.9K0.00109.08N/AN/A00376128
2023-05-15$47.65$50.0023.6%6.8%37.6%0.2%23.1%40.1%-6.0%23.0K-903.1K-2.1K0.00111.00N/AN/A280376128
2023-05-16$46.53$50.0046.8%13.4%38.1%25.9%0.0%16.5%-19.5%21.8K-824.1K-1.9K0.0094.13N/AN/A10404128
2023-05-17$48.15$50.0021.0%6.0%39.9%0.0%0.0%17.4%-1.2%30.4K-1.0M-2.0K0.00113.19N/AN/A370405128
2023-05-18$48.70$50.0020.5%5.9%40.0%0.0%20.5%13.1%-5.9%34.4K-1.2M-2.2K0.0098.84N/AN/A20424128
2023-05-19$48.78$50.0020.9%6.0%40.0%0.4%22.9%23.9%-6.6%24.8K-1.2M-2.2K1.00109.65N/AN/A11425128
2023-05-22$49.10$40.0020.5%5.9%40.0%0.0%20.2%4.8%-6.2%27.5K-982.6K-2.1K0.00102.35N/AN/A4036480
2023-05-23$48.72$40.0022.1%6.3%39.5%1.7%23.9%5.5%-8.7%25.7K-952.4K-2.1K0.00110.12N/AN/A3036780
2023-05-24$47.77$40.0030.9%8.9%37.8%11.1%0.0%22.3%-2.5%18.9K-823.6K-1.9K0.00108.21N/AN/A0036780
2023-05-25$48.05$40.0025.8%7.4%37.1%5.6%0.0%-2.6%-4.4%19.7K-883.3K-1.9K0.00120.49N/AN/A0036780
2023-05-26$48.62$40.0023.2%6.7%36.7%2.9%0.0%1.4%-6.9%25.9K-960.0K-2.0K0.00108.68N/AN/A0036780
2023-05-30$48.48$40.0025.2%7.2%36.5%5.0%23.4%0.5%-1.7%24.2K-932.0K-1.8K0.00112.25N/AN/A2036780
2023-05-31$48.30$40.0038.6%11.1%36.3%19.4%25.5%-2.2%-10.4%21.2K-913.8K-1.8K0.00111.71N/AN/A0336980