HI Options History — July 2023

In July 2023, HI traded between $50.36 and $53.27. ATM implied volatility averaged 35.4%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 11.0% (HV 20d: 24.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.23.

Notable Days

2023-07-17: Highest Volume — 22 contracts
2023-07-07: Largest IV spike — 58.5% change
2023-07-11: Highest IV Rank — 27.2%
2023-07-26: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.76	$50.36	$53.27	$51.65	$52.00
Max Pain	$49.25	$45.00	$50.00	$45.00	$45.00
ATM IV	35.4%	21.8%	45.9%	32.7%	42.1%
Expected Move	9.9%	6.8%	12.7%	9.4%	12.1%
HV 20d	24.4%	18.5%	33.3%	33.3%	18.8%
HV 60d	32.6%	31.6%	33.3%	32.7%	31.6%
IV Rank	15.9%	1.3%	27.2%	13.0%	23.2%
IV Percentile	33.7%	1.6%	67.5%	20.6%	57.5%
Term Structure	-5.0%	-26.3%	18.1%	18.1%	-9.3%
VWIV	39.6%	23.9%	59.8%	31.7%	42.3%
Skew 25d	7.3%	-19.1%	25.1%	25.1%	16.6%
Skew 10d	3.4%	-41.8%	46.7%	-9.8%	10.9%
Call IV 25d	34.3%	20.6%	49.1%	20.6%	38.6%
Put IV 25d	41.6%	25.3%	56.5%	45.7%	55.1%
Bid-Ask Spread %	111.08	94.24	122.27	116.66	110.96
Gamma HHI	0.31	0.24	0.50	0.31	0.24
Net GEX	34.9K	19.6K	52.4K	39.0K	19.6K
Net DEX	-1.2M	-1.5M	-945.8K	-1.2M	-963.7K
Net VEX	-2.3K	-2.5K	-1.8K	-2.2K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.00	2.50	0.00	0.00
Total Volume	5.75	0	22	0	5
Total OI	489.8	378	578	516	398

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-07-03	$51.65	$45.00	32.7%	9.4%	33.3%	13.0%	0.0%	25.1%	18.1%	39.0K	-1.2M	-2.2K	0.00	116.66	N/A	N/A	0	0	393	123
2023-07-05	$50.84	$45.00	32.6%	9.4%	30.8%	13.0%	0.0%	23.8%	2.4%	35.3K	-1.1M	-2.5K	0.00	114.53	N/A	N/A	0	0	393	123
2023-07-06	$50.36	$50.00	21.8%	9.8%	29.2%	1.3%	0.0%	4.7%	-11.6%	49.2K	-1.1M	-2.3K	0.00	122.27	N/A	N/A	0	0	393	123
2023-07-07	$50.90	$50.00	34.5%	8.4%	23.3%	15.0%	0.0%	0.9%	-4.4%	39.0K	-1.1M	-2.5K	0.00	120.32	N/A	N/A	0	0	393	123
2023-07-10	$51.39	$50.00	41.0%	8.6%	22.5%	21.9%	31.7%	0.0%	-5.8%	33.5K	-1.2M	-2.1K	0.00	103.45	N/A	N/A	1	0	393	123
2023-07-11	$52.05	$50.00	45.9%	8.6%	23.0%	27.2%	0.0%	-19.1%	-11.7%	31.1K	-1.3M	-2.4K	0.00	119.33	N/A	N/A	1	0	394	123
2023-07-12	$53.27	$50.00	23.8%	6.8%	24.2%	3.6%	52.7%	-2.9%	-0.2%	44.5K	-1.4M	-2.0K	0.00	121.58	N/A	N/A	2	0	394	123
2023-07-13	$52.82	$50.00	32.8%	9.4%	24.4%	13.1%	0.0%	-8.8%	-12.3%	40.1K	-1.4M	-2.0K	0.00	115.55	N/A	N/A	20	0	396	123
2023-07-14	$51.56	$50.00	31.9%	9.2%	25.8%	12.2%	23.9%	9.0%	0.8%	37.0K	-1.3M	-2.1K	0.00	115.02	N/A	N/A	20	0	406	123
2023-07-17	$51.93	$50.00	34.2%	9.8%	25.5%	14.6%	35.5%	8.8%	-4.0%	39.3K	-1.3M	-2.1K	0.00	113.41	N/A	N/A	22	0	420	123
2023-07-18	$52.89	$50.00	25.2%	7.2%	26.3%	5.0%	0.0%	2.1%	5.5%	52.4K	-1.5M	-2.3K	0.00	109.95	N/A	N/A	3	0	442	123
2023-07-19	$52.48	$50.00	39.1%	11.2%	26.3%	19.9%	0.0%	10.0%	-4.8%	39.6K	-1.4M	-2.5K	0.00	94.24	N/A	N/A	0	0	445	123
2023-07-20	$52.21	$50.00	36.9%	10.6%	26.2%	17.5%	0.0%	6.9%	1.8%	47.4K	-1.4M	-2.3K	0.00	107.86	N/A	N/A	0	0	445	123
2023-07-21	$51.73	$50.00	38.7%	11.1%	25.1%	19.4%	30.9%	6.9%	-6.3%	24.4K	-1.4M	-1.8K	0.00	108.39	N/A	N/A	15	0	455	123
2023-07-24	$51.49	$50.00	36.9%	10.6%	22.9%	17.5%	0.0%	-5.7%	-12.7%	25.8K	-1.0M	-2.5K	0.00	102.52	N/A	N/A	0	0	339	46
2023-07-25	$51.34	$50.00	32.4%	9.3%	20.9%	12.7%	0.0%	13.2%	6.1%	25.5K	-945.8K	-2.4K	0.00	104.77	N/A	N/A	0	0	332	46
2023-07-26	$51.53	$50.00	44.2%	12.7%	20.8%	25.3%	0.0%	15.0%	-17.0%	24.1K	-967.1K	-2.4K	0.00	107.52	N/A	N/A	12	0	332	46
2023-07-27	$51.23	$50.00	42.2%	12.1%	20.2%	23.2%	0.0%	21.4%	-26.3%	24.4K	-980.3K	-2.1K	0.00	107.56	N/A	N/A	0	0	342	46
2023-07-28	$51.47	$50.00	39.0%	11.2%	18.5%	19.8%	59.8%	17.2%	-7.8%	27.4K	-981.2K	-2.4K	2.50	105.68	N/A	N/A	4	10	339	46
2023-07-31	$52.00	$45.00	42.1%	12.1%	18.8%	23.2%	42.3%	16.6%	-9.3%	19.6K	-963.7K	-2.1K	0.00	110.96	N/A	N/A	5	0	342	56