HI Options History — September 2023

In September 2023, HI traded between $42.20 and $48.68. ATM implied volatility averaged 42.1%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 9.9% (HV 20d: 32.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2023-09-01: Highest Volume — 133 contracts
  • 2023-09-11: Largest IV spike — 64.3% change
  • 2023-09-11: Highest IV Rank — 45.4%
  • 2023-09-01: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.78$42.20$48.68$48.68$42.20
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV42.1%26.6%62.9%60.8%36.1%
Expected Move10.7%7.6%17.4%17.4%10.3%
HV 20d32.2%19.5%34.3%19.5%32.4%
HV 60d26.5%22.7%27.6%22.7%26.5%
IV Rank23.1%6.5%45.4%43.1%16.7%
IV Percentile49.8%9.5%94.4%91.7%31.0%
Term Structure-9.0%-46.5%20.1%-46.5%-9.4%
VWIV36.5%22.2%74.6%34.0%39.7%
Skew 25d6.5%-27.8%44.2%44.2%-27.8%
Skew 10d7.3%-27.5%37.2%-11.7%37.2%
Call IV 25d31.0%21.0%60.3%44.1%60.3%
Put IV 25d37.6%22.5%88.3%88.3%32.5%
Bid-Ask Spread %110.5796.58128.17128.17119.54
Gamma HHI0.250.220.350.350.27
Net GEX6.7K-3.0K14.4K14.4K7.9K
Net DEX-458.0K-715.3K-345.3K-715.3K-396.7K
Net VEX-1.5K-1.8K-1.2K-1.2K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.003.000.000.00
Total Volume16.4501331330
Total OI534.3441622441481

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$48.68$45.0060.8%17.4%19.5%43.1%34.0%44.2%-46.5%14.4K-715.3K-1.2K0.00128.17N/AN/A133035982
2023-09-05$45.39$45.0034.3%10.6%31.7%14.7%36.0%8.0%-16.6%9.8K-532.4K-1.2K0.21111.53N/AN/A992149282
2023-09-06$45.80$45.0047.0%10.1%31.6%28.3%22.2%0.3%-4.3%8.3K-536.9K-1.5K0.00109.06N/AN/A200497103
2023-09-07$44.58$45.0057.3%10.2%32.3%39.4%26.4%6.1%-20.6%5.7K-479.9K-1.4K0.00107.33N/AN/A300492103
2023-09-08$43.93$45.0038.3%8.4%32.6%19.0%0.0%11.1%2.0%4.0K-403.7K-1.8K0.00103.68N/AN/A00519103
2023-09-11$42.99$45.0062.9%8.9%33.2%45.4%0.0%18.4%-15.0%1.4K-347.0K-1.6K0.00102.62N/AN/A10519103
2023-09-12$42.77$45.0060.9%10.3%33.1%43.2%0.0%3.7%-13.5%1.5K-385.7K-1.6K0.00102.41N/AN/A00519103
2023-09-13$43.20$45.0026.6%7.6%33.3%6.5%0.0%-0.9%-1.2%-3.0K-345.3K-1.3K0.00125.55N/AN/A00519103
2023-09-14$44.22$45.0043.1%12.3%34.3%24.1%0.0%7.1%-9.5%6.1K-453.1K-1.4K3.00122.06N/AN/A13518103
2023-09-15$44.03$45.0033.6%9.6%33.8%14.0%0.0%4.5%5.4%1.3K-431.8K-1.2K0.00122.42N/AN/A01519103
2023-09-18$43.91$45.0032.6%9.3%33.8%12.9%32.8%11.4%-4.1%5.8K-445.5K-1.5K0.0098.27N/AN/A1038172
2023-09-19$44.39$45.0049.2%14.1%34.0%30.7%26.4%10.2%-13.9%12.3K-574.2K-1.8K0.0096.58N/AN/A10040272
2023-09-20$43.73$45.0030.7%8.8%34.1%10.9%74.6%11.5%2.8%9.8K-520.3K-1.5K0.00102.62N/AN/A0340672
2023-09-21$42.98$45.0037.2%10.7%32.8%17.9%0.0%16.3%-13.6%8.1K-448.2K-1.4K0.00105.04N/AN/A0040669
2023-09-22$42.48$45.0043.8%12.6%32.9%24.9%0.0%10.0%-35.6%10.3K-460.3K-1.7K0.00111.28N/AN/A0040669
2023-09-25$42.22$45.0041.0%11.8%32.0%22.0%0.0%-0.9%-19.4%6.3K-384.5K-1.4K0.0096.76N/AN/A0040669
2023-09-26$42.27$45.0032.0%9.2%31.3%12.3%0.0%9.5%20.1%8.8K-429.9K-1.4K0.00111.53N/AN/A3040669
2023-09-27$43.30$45.0028.5%8.2%32.6%8.6%39.7%4.1%15.9%7.8K-445.9K-1.5K0.00115.82N/AN/A3040969
2023-09-28$42.52$45.0046.0%13.2%32.6%27.3%0.0%-16.0%-3.4%6.9K-424.6K-1.4K0.00119.15N/AN/A0041269
2023-09-29$42.20$45.0036.1%10.3%32.4%16.7%0.0%-27.8%-9.4%7.9K-396.7K-1.4K0.00119.54N/AN/A0041269