HI Options History — January 2024

In January 2024, HI traded between $43.50 and $47.02. ATM implied volatility averaged 39.3%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 11.1% (HV 20d: 28.2%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2024-01-09: Highest Volume — 63 contracts
  • 2024-01-12: Largest IV spike — 55.8% change
  • 2024-01-17: Highest IV Rank — 39.6%
  • 2024-01-17: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.65$43.50$47.02$47.00$46.98
Max Pain$44.05$35.00$45.00$35.00$45.00
ATM IV39.3%27.0%51.6%30.5%45.0%
Expected Move11.1%7.9%14.8%8.7%12.9%
HV 20d28.2%23.6%32.5%28.1%23.6%
HV 60d31.1%29.7%32.9%31.9%29.7%
IV Rank23.9%8.3%39.6%12.7%31.2%
IV Percentile46.0%9.9%85.3%15.1%67.1%
Term Structure-4.7%-37.3%20.3%15.4%-37.3%
VWIV40.1%29.1%60.0%29.1%48.8%
Skew 25d12.3%-0.8%39.4%-0.8%39.4%
Skew 10d16.9%-16.0%142.0%3.3%142.0%
Call IV 25d34.8%26.5%46.5%29.4%36.8%
Put IV 25d47.1%28.7%76.2%28.7%76.2%
Bid-Ask Spread %101.6690.36108.47100.63106.78
Gamma HHI0.350.250.500.320.50
Net GEX16.4K11.0K26.9K25.6K14.6K
Net DEX-1.0M-1.5M-654.4K-1.5M-726.9K
Net VEX-2.5K-2.8K-2.1K-2.5K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.005.000.140.00
Total Volume15.4760631648
Total OI587.524389714642443

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$47.00$35.0030.5%8.7%28.1%12.7%29.1%-0.8%15.4%25.6K-1.5M-2.5K0.14100.63N/AN/A142524118
2024-01-03$45.24$35.0036.9%10.6%32.5%20.9%36.3%16.6%7.1%21.7K-1.3M-2.7K4.33108.47N/AN/A626538120
2024-01-04$45.17$45.0042.2%10.2%31.1%27.6%0.0%1.9%-3.8%18.4K-1.3M-2.8K0.0096.99N/AN/A50539143
2024-01-05$45.38$45.0027.0%8.8%31.1%8.3%0.0%0.7%-5.5%19.0K-1.3M-2.8K0.0096.12N/AN/A00544143
2024-01-08$45.48$45.0035.0%10.7%31.2%18.5%33.4%5.7%-8.6%19.7K-1.3M-2.7K0.0090.36N/AN/A05544143
2024-01-09$45.27$45.0050.6%11.0%30.6%38.4%32.4%10.6%-5.8%17.1K-1.2M-2.8K0.6698.68N/AN/A3825544147
2024-01-10$45.28$45.0028.8%8.2%30.5%10.5%0.0%8.9%8.6%16.5K-1.3M-2.6K0.00105.48N/AN/A00527162
2024-01-11$45.59$45.0027.4%7.9%30.3%8.8%0.0%11.2%10.1%15.0K-1.2M-2.6K0.00105.97N/AN/A00527162
2024-01-12$45.15$45.0042.7%12.2%29.1%28.3%45.1%4.1%-18.6%14.8K-1.2M-2.5K0.00103.08N/AN/A230527162
2024-01-16$44.43$45.0041.7%12.0%27.3%27.1%0.0%30.1%-21.5%14.3K-1.1M-2.5K0.00101.72N/AN/A00540162
2024-01-17$43.50$45.0051.6%14.8%27.7%39.6%0.0%27.8%-21.2%11.0K-1.0M-2.5K0.00106.15N/AN/A00540162
2024-01-18$44.52$45.0045.8%13.1%28.9%32.3%42.4%14.2%-5.6%16.4K-1.1M-2.4K0.00104.44N/AN/A250540162
2024-01-19$45.09$45.0042.8%12.3%26.4%28.5%0.0%16.3%-7.9%26.9K-1.2M-2.3K2.00100.06N/AN/A1020552162
2024-01-22$46.27$45.0040.0%11.5%28.0%24.8%36.6%9.8%-4.3%11.0K-654.5K-2.1K0.0896.10N/AN/A26230287
2024-01-23$46.10$45.0036.0%10.3%27.9%19.7%33.1%4.9%-6.7%13.9K-677.1K-2.2K0.00102.41N/AN/A1032388
2024-01-24$45.55$45.0038.1%10.9%27.2%22.5%36.5%5.4%-14.4%13.3K-654.4K-2.2K5.00101.07N/AN/A42032488
2024-01-25$46.23$45.0033.1%9.5%25.3%16.1%60.0%2.6%-6.9%13.5K-669.0K-2.3K0.0097.50N/AN/A120328108
2024-01-26$46.56$45.0043.8%12.5%25.1%29.7%47.5%9.0%-8.3%13.1K-695.4K-2.3K0.0098.61N/AN/A110325108
2024-01-29$46.85$45.0048.9%14.0%25.0%36.2%0.0%33.4%16.2%14.3K-723.3K-2.4K0.00107.04N/AN/A00331108
2024-01-30$47.02$45.0036.8%10.5%24.8%20.8%0.0%6.5%20.3%14.6K-736.5K-2.3K0.00107.17N/AN/A20333108
2024-01-31$46.98$45.0045.0%12.9%23.6%31.2%48.8%39.4%-37.3%14.6K-726.9K-2.3K0.00106.78N/AN/A480335108