HI Options History — August 2023

In August 2023, HI traded between $44.63 and $51.44. ATM implied volatility averaged 43.1%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 20.0% (HV 20d: 23.1%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-08-01: Highest Volume — 40 contracts
  • 2023-08-29: Largest IV spike — 67.2% change
  • 2023-08-31: Highest IV Rank — 42.2%
  • 2023-08-31: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.25$44.63$51.44$51.44$48.52
Max Pain$51.09$45.00$55.00$45.00$45.00
ATM IV43.1%29.1%60.0%40.9%60.0%
Expected Move12.0%6.0%17.2%11.7%17.2%
HV 20d23.1%18.8%26.6%19.2%19.4%
HV 60d28.5%24.8%32.6%31.5%24.8%
IV Rank24.2%9.2%42.2%21.8%42.2%
IV Percentile56.5%13.1%91.3%53.2%91.3%
Term Structure-15.9%-53.1%5.7%-5.7%-53.1%
VWIV37.9%29.0%48.8%46.8%40.9%
Skew 25d-5.3%-63.3%32.5%-4.5%-63.3%
Skew 10d-13.1%-65.7%36.2%-42.6%-63.4%
Call IV 25d44.0%17.7%81.5%37.6%81.5%
Put IV 25d38.8%18.0%53.1%33.1%18.3%
Bid-Ask Spread %110.7784.02126.13102.32126.13
Gamma HHI0.280.240.450.240.45
Net GEX12.8K3.6K26.6K26.5K20.2K
Net DEX-632.2K-948.9K-400.7K-939.6K-740.5K
Net VEX-1.7K-2.3K-1.2K-2.3K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.006.250.006.25
Total Volume6.0870404029
Total OI439.87397470397414

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$51.44$45.0040.9%11.7%19.2%21.8%0.0%-4.5%-5.7%26.5K-939.6K-2.3K0.00102.32N/AN/A40034156
2023-08-02$50.83$45.0043.9%12.6%18.8%25.0%46.8%12.6%-16.9%26.6K-948.9K-1.8K0.1184.02N/AN/A18237856
2023-08-03$48.30$55.0045.6%10.6%26.0%26.9%48.8%-21.3%-13.0%19.3K-737.9K-2.1K0.00108.83N/AN/A0339558
2023-08-04$48.27$55.0040.9%6.0%25.6%21.8%0.0%6.6%-12.6%17.8K-742.3K-2.0K0.00111.83N/AN/A0039561
2023-08-07$47.95$55.0036.2%10.5%25.2%16.8%0.0%4.1%-19.6%18.0K-693.1K-2.1K0.00106.32N/AN/A2039561
2023-08-08$47.22$55.0031.3%8.8%24.8%11.6%0.0%-10.8%2.8%10.8K-593.2K-1.9K0.00105.17N/AN/A0739763
2023-08-09$47.81$55.0035.2%10.1%23.4%15.7%0.0%-15.4%-18.0%13.4K-653.2K-2.0K0.00110.88N/AN/A0039770
2023-08-10$47.56$55.0037.6%10.8%23.4%18.3%0.0%-16.9%-26.6%15.4K-675.1K-1.5K0.00109.84N/AN/A14039770
2023-08-11$47.22$55.0044.8%12.8%22.3%26.0%0.0%-7.8%-8.7%12.8K-608.0K-2.0K0.00125.58N/AN/A0040070
2023-08-14$46.83$55.0042.6%12.2%21.9%23.6%0.0%18.8%-0.8%9.3K-560.6K-1.8K0.00113.00N/AN/A0040070
2023-08-15$46.12$55.0046.4%13.3%20.3%27.7%0.0%-16.4%-14.0%5.8K-528.3K-1.6K0.00123.34N/AN/A0040070
2023-08-16$45.51$55.0038.8%11.1%20.5%19.6%0.0%9.4%5.7%3.6K-489.6K-1.8K0.00118.08N/AN/A0040070
2023-08-17$44.70$55.0049.0%14.0%20.8%30.5%0.0%17.6%-21.4%6.5K-487.9K-1.4K0.00125.38N/AN/A0040070
2023-08-18$44.63$55.0057.8%16.6%20.9%39.9%0.0%-17.0%-16.5%7.9K-400.7K-1.7K0.00108.48N/AN/A0940070
2023-08-21$44.92$55.0029.1%8.3%21.5%9.2%30.5%-18.0%3.0%6.9K-463.7K-1.6K1.3393.24N/AN/A3434856
2023-08-22$45.32$55.0041.3%11.8%22.2%22.3%29.0%32.5%0.2%5.9K-528.0K-1.2K0.00108.97N/AN/A1035159
2023-08-23$46.56$45.0047.6%13.6%24.9%29.0%0.0%21.5%-23.5%8.8K-573.1K-1.5K0.00108.42N/AN/A3035259
2023-08-24$46.15$45.0043.3%12.4%24.9%24.3%0.0%15.7%-12.9%8.3K-561.6K-1.4K0.00115.54N/AN/A0035559
2023-08-25$46.87$45.0046.4%13.3%25.8%27.7%0.0%22.1%-16.5%12.0K-611.8K-1.4K0.00104.55N/AN/A2035559
2023-08-28$47.56$45.0031.8%9.1%26.2%12.1%31.6%6.1%-5.4%10.0K-627.9K-1.4K0.00113.98N/AN/A3035359
2023-08-29$48.03$45.0053.2%15.2%26.5%35.0%0.0%-38.0%-43.2%12.2K-682.7K-1.5K0.00114.38N/AN/A0035559
2023-08-30$48.34$45.0048.6%13.9%26.6%30.1%0.0%-58.8%-49.3%17.1K-692.8K-1.6K0.00109.43N/AN/A0035559
2023-08-31$48.52$45.0060.0%17.2%19.4%42.2%40.9%-63.3%-53.1%20.2K-740.5K-1.2K6.25126.13N/AN/A42535559