HI Options History — November 2023

In November 2023, HI traded between $38.31 and $41.70. ATM implied volatility averaged 48.1%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 14.2% (HV 20d: 34.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.07.

Notable Days

  • 2023-11-16: Highest Volume — 63 contracts
  • 2023-11-30: Largest IV drop — 38.2% change
  • 2023-11-07: Highest IV Rank — 55.2%
  • 2023-11-01: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.39$38.31$41.70$38.34$38.71
Max Pain$36.90$35.00$40.00$40.00$40.00
ATM IV48.1%30.5%72.1%64.0%32.9%
Expected Move12.6%8.7%18.3%18.3%9.4%
HV 20d34.0%27.3%38.5%27.3%36.2%
HV 60d30.7%27.6%32.8%27.6%29.6%
IV Rank29.6%10.7%55.2%46.5%13.2%
IV Percentile67.8%16.3%98.4%97.6%22.6%
Term Structure-13.1%-27.8%5.0%-26.9%-9.8%
VWIV33.5%16.3%42.5%38.1%33.0%
Skew 25d0.3%-33.7%16.8%-19.1%-3.6%
Skew 10d14.0%-35.6%65.5%-1.5%-1.4%
Call IV 25d43.6%20.2%93.0%93.0%36.5%
Put IV 25d44.0%31.3%73.9%73.9%32.9%
Bid-Ask Spread %112.7798.93122.62101.45122.17
Gamma HHI0.430.280.540.410.53
Net GEX7.6K5.3K10.7K8.4K5.8K
Net DEX-330.5K-463.5K-253.8K-278.7K-293.9K
Net VEX-1.4K-1.5K-1.2K-1.5K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.400.000.00
Total Volume8.66706325
Total OI305.238282376293310

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$38.34$40.0064.0%18.3%27.3%46.5%0.0%-19.1%-26.9%8.4K-278.7K-1.5K0.00101.45N/AN/A2023063
2023-11-02$39.53$35.0064.6%9.6%30.1%47.1%0.0%8.7%-4.9%8.4K-344.8K-1.4K0.0098.93N/AN/A0022963
2023-11-03$40.53$35.0050.8%10.9%31.7%32.4%38.1%1.8%-18.9%7.5K-365.4K-1.5K0.00104.25N/AN/A5022963
2023-11-06$39.70$35.0063.1%13.0%32.3%45.6%0.0%9.8%-27.8%10.7K-353.3K-1.4K0.00103.45N/AN/A1023463
2023-11-07$39.33$35.0072.1%12.7%32.4%55.2%0.0%3.7%-19.1%8.0K-347.9K-1.4K0.00108.50N/AN/A1023463
2023-11-08$38.81$35.0046.6%13.4%32.6%27.9%0.0%-12.6%-21.2%10.0K-318.9K-1.4K0.00113.26N/AN/A0023463
2023-11-09$38.42$35.0037.4%10.7%32.6%18.1%0.0%-6.0%-8.3%8.7K-285.4K-1.4K0.00120.26N/AN/A0023463
2023-11-10$39.20$35.0050.8%14.6%30.8%32.4%0.0%12.0%-26.0%8.8K-347.2K-1.4K0.00118.98N/AN/A0023463
2023-11-13$38.98$35.0046.1%13.2%29.7%27.3%42.5%16.8%-7.2%8.9K-301.4K-1.4K0.00114.47N/AN/A2023463
2023-11-14$41.70$35.0030.5%8.7%38.5%10.7%34.9%3.8%-11.5%8.6K-463.5K-1.2K0.00116.78N/AN/A15023563
2023-11-15$41.70$35.0040.6%11.6%33.1%21.5%36.0%14.2%-14.7%9.3K-436.1K-1.3K0.03108.44N/AN/A40124863
2023-11-16$40.52$35.0039.3%11.3%34.6%20.2%16.3%13.9%-4.5%9.2K-389.2K-1.3K0.11119.79N/AN/A57627165
2023-11-17$40.73$35.0051.1%14.7%34.5%32.8%27.3%13.4%-25.0%5.5K-421.4K-1.4K0.40114.67N/AN/A10430571
2023-11-20$39.93$35.0039.7%11.4%35.5%20.5%39.6%6.3%0.6%5.9K-378.4K-1.3K0.33114.31N/AN/A3121666
2023-11-21$38.61$40.0048.1%13.8%37.6%29.5%0.0%-33.7%-13.2%7.8K-285.8K-1.3K0.00118.26N/AN/A02821667
2023-11-22$38.47$40.0041.1%11.8%37.6%22.1%0.0%-9.5%5.0%5.3K-253.8K-1.5K0.00115.70N/AN/A0021695
2023-11-24$38.65$40.0043.1%12.4%37.6%24.2%0.0%-23.6%-14.2%5.7K-294.4K-1.4K0.00121.00N/AN/A0021695
2023-11-27$38.61$40.0051.4%14.7%36.3%33.1%0.0%-1.5%-21.4%6.3K-265.4K-1.4K0.00106.47N/AN/A0021695
2023-11-28$38.31$40.0044.7%12.8%36.2%25.9%0.0%3.7%-0.8%5.5K-260.3K-1.4K0.00104.47N/AN/A0021695
2023-11-29$38.34$40.0053.2%15.2%36.2%34.9%33.0%8.0%-5.2%5.8K-254.5K-1.4K0.00122.62N/AN/A1021695
2023-11-30$38.71$40.0032.9%9.4%36.2%13.2%0.0%-3.6%-9.8%5.8K-293.9K-1.3K0.00122.17N/AN/A5021595