HI Options History — December 2023

In December 2023, HI traded between $39.32 and $49.16. ATM implied volatility averaged 41.3%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 11.6% (HV 20d: 29.6%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.09.

Notable Days

2023-12-13: Highest Volume — 259 contracts
2023-12-26: Largest IV spike — 53.8% change
2023-12-04: Highest IV Rank — 51.3%
2023-12-26: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.74	$39.32	$49.16	$39.71	$48.02
Max Pain	$35.25	$35.00	$40.00	$40.00	$35.00
ATM IV	41.3%	25.2%	68.5%	46.6%	26.9%
Expected Move	10.0%	7.2%	14.0%	13.4%	7.7%
HV 20d	29.6%	23.7%	35.7%	35.7%	26.3%
HV 60d	30.7%	29.7%	31.9%	29.7%	31.5%
IV Rank	23.7%	6.0%	51.3%	27.9%	8.1%
IV Percentile	45.9%	5.2%	97.6%	71.8%	9.1%
Term Structure	-4.7%	-17.2%	14.4%	-11.1%	9.7%
VWIV	32.1%	23.9%	41.4%	36.6%	23.9%
Skew 25d	3.7%	-34.6%	24.6%	24.6%	0.9%
Skew 10d	7.8%	-14.3%	36.6%	36.6%	8.1%
Call IV 25d	30.4%	22.1%	66.3%	41.2%	28.4%
Put IV 25d	34.1%	25.8%	65.8%	65.8%	29.3%
Bid-Ask Spread %	102.94	82.59	110.32	104.47	102.91
Gamma HHI	0.36	0.27	0.46	0.46	0.41
Net GEX	21.5K	4.0K	41.7K	4.6K	41.4K
Net DEX	-1.1M	-1.9M	-308.2K	-309.9K	-1.8M
Net VEX	-2.2K	-3.0K	-1.3K	-1.3K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	0.50	0.00	0.00
Total Volume	48.7	1	259	3	108
Total OI	524.65	307	709	307	709

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
2023-12-01	$39.71	$40.00	46.6%	13.4%	35.7%	27.9%	0.0%	24.6%	-11.1%	4.6K	-309.9K	-1.3K	0.00	104.47	N/A	N/A	3	0	212	95
2023-12-04	$40.14	$35.00	68.5%	12.2%	34.8%	51.3%	36.6%	6.2%	-3.1%	4.7K	-308.2K	-1.3K	0.00	107.96	N/A	N/A	4	0	212	95
2023-12-05	$39.32	$35.00	68.3%	10.0%	34.7%	51.1%	27.9%	2.9%	-2.2%	4.0K	-315.1K	-1.3K	0.03	105.22	N/A	N/A	99	3	215	95
2023-12-06	$39.67	$35.00	42.3%	9.2%	34.7%	23.3%	0.0%	4.3%	-2.2%	13.1K	-486.9K	-1.8K	0.00	105.14	N/A	N/A	1	0	320	98
2023-12-07	$39.86	$35.00	37.8%	8.3%	34.4%	18.5%	28.7%	8.0%	-1.4%	13.8K	-474.5K	-1.7K	0.00	106.49	N/A	N/A	13	0	321	98
2023-12-08	$40.88	$35.00	41.3%	9.0%	35.1%	22.3%	31.6%	-0.1%	-11.5%	14.6K	-608.1K	-1.9K	0.50	106.47	N/A	N/A	4	2	332	98
2023-12-11	$40.81	$35.00	43.0%	10.3%	34.5%	24.0%	28.5%	3.3%	-12.1%	15.8K	-589.4K	-1.9K	0.07	105.03	N/A	N/A	29	2	333	99
2023-12-12	$40.61	$35.00	62.6%	9.3%	34.5%	45.0%	32.3%	-0.6%	-0.4%	18.7K	-598.0K	-1.8K	0.00	107.33	N/A	N/A	23	0	349	101
2023-12-13	$41.94	$35.00	37.6%	10.8%	27.2%	18.3%	28.5%	17.0%	-15.3%	15.4K	-736.7K	-1.9K	0.01	106.26	N/A	N/A	256	3	372	101
2023-12-14	$43.46	$35.00	28.5%	8.2%	29.9%	8.6%	29.0%	10.2%	2.3%	23.0K	-1.3M	-2.7K	0.00	109.92	N/A	N/A	27	0	489	100
2023-12-15	$44.22	$35.00	39.0%	11.2%	28.0%	23.5%	37.8%	-2.1%	-8.9%	18.6K	-1.4M	-2.6K	0.00	110.32	N/A	N/A	5	0	484	100
2023-12-18	$44.42	$35.00	43.6%	12.5%	28.0%	29.5%	41.2%	8.2%	-13.9%	23.0K	-1.3M	-2.8K	0.46	108.07	N/A	N/A	13	6	473	95
2023-12-19	$45.99	$35.00	37.7%	10.8%	28.5%	21.9%	41.4%	5.3%	-17.2%	20.4K	-1.5M	-2.8K	0.02	106.08	N/A	N/A	185	3	472	101
2023-12-20	$45.89	$35.00	40.8%	11.7%	24.4%	25.9%	36.3%	10.4%	-10.6%	22.7K	-1.4M	-2.5K	0.24	107.91	N/A	N/A	49	12	483	101
2023-12-21	$46.27	$35.00	27.6%	7.9%	24.0%	9.0%	29.1%	2.9%	-1.0%	29.6K	-1.5M	-2.6K	0.00	105.89	N/A	N/A	22	0	524	113
2023-12-22	$47.17	$35.00	31.7%	9.1%	24.2%	14.3%	31.2%	2.7%	-6.0%	33.1K	-1.6M	-2.8K	0.22	89.69	N/A	N/A	9	2	533	113
2023-12-26	$48.61	$35.00	48.8%	14.0%	24.8%	36.1%	41.1%	-34.6%	-5.1%	30.9K	-1.8M	-2.6K	0.07	92.56	N/A	N/A	68	5	538	114
2023-12-27	$49.16	$35.00	27.5%	7.9%	23.7%	8.9%	27.5%	3.6%	2.2%	41.7K	-1.9M	-3.0K	0.00	88.55	N/A	N/A	13	0	580	117
2023-12-28	$48.60	$35.00	25.2%	7.2%	24.9%	6.0%	25.1%	1.8%	14.4%	41.7K	-1.8M	-2.9K	0.25	82.59	N/A	N/A	4	1	591	117
2023-12-29	$48.02	$35.00	26.9%	7.7%	26.3%	8.1%	23.9%	0.9%	9.7%	41.4K	-1.8M	-2.8K	0.00	102.91	N/A	N/A	108	0	591	118