HI Options History — February 2024

In February 2024, HI traded between $43.59 and $48.02. ATM implied volatility averaged 42.9%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 13.0% (HV 20d: 29.9%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-02-12: Highest Volume — 229 contracts
  • 2024-02-23: Largest IV spike — 113.4% change
  • 2024-02-01: Highest IV Rank — 52.3%
  • 2024-02-29: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.51$43.59$48.02$47.20$47.46
Max Pain$45.00$40.00$50.00$40.00$50.00
ATM IV42.9%25.7%61.5%61.5%60.4%
Expected Move11.6%7.4%17.3%10.4%17.3%
HV 20d29.9%18.8%33.5%18.8%32.9%
HV 60d29.5%28.6%32.2%29.4%28.6%
IV Rank28.5%6.6%52.3%52.3%50.9%
IV Percentile54.3%7.1%94.0%94.0%93.3%
Term Structure-3.8%-13.1%16.9%-10.0%-13.1%
VWIV33.0%26.4%45.2%45.2%26.4%
Skew 25d16.6%-4.1%53.5%5.4%40.1%
Skew 10d18.4%-8.4%90.5%6.5%52.6%
Call IV 25d31.4%26.1%41.6%29.0%29.6%
Put IV 25d47.9%23.4%83.8%34.4%69.6%
Bid-Ask Spread %104.9390.89118.9396.28110.90
Gamma HHI0.500.370.740.520.61
Net GEX21.7K7.6K36.9K22.0K24.6K
Net DEX-794.0K-1.2M-558.6K-860.5K-687.7K
Net VEX-2.4K-3.0K-1.8K-2.6K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.004.000.000.00
Total Volume34022950
Total OI569.7474802491480

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$47.20$40.0061.5%10.4%18.8%52.3%0.0%5.4%-10.0%22.0K-860.5K-2.6K0.0096.28N/AN/A05383108
2024-02-02$47.33$40.0044.5%11.0%18.8%30.6%0.0%7.9%-8.5%21.5K-838.6K-2.6K0.00101.03N/AN/A80383113
2024-02-05$46.85$40.0046.9%9.3%19.3%33.7%45.2%-1.6%0.6%22.1K-820.0K-2.6K0.5599.57N/AN/A3117391113
2024-02-06$44.65$40.0042.7%11.8%26.1%28.3%0.0%5.2%5.2%21.6K-663.8K-3.0K0.42118.93N/AN/A198442123
2024-02-07$43.59$40.0034.6%9.9%27.4%18.0%28.5%1.4%-1.1%18.9K-558.6K-2.9K4.0096.86N/AN/A14444125
2024-02-08$44.07$40.0042.7%12.2%27.7%28.3%0.0%4.0%-12.6%19.6K-635.8K-2.7K1.67109.32N/AN/A610445125
2024-02-09$46.20$40.0031.1%8.9%32.6%13.4%31.4%1.9%-9.0%27.9K-801.8K-2.2K0.3399.26N/AN/A124444122
2024-02-12$47.09$40.0029.2%8.4%33.0%11.0%41.3%9.6%16.9%31.4K-858.8K-2.6K2.52100.81N/AN/A65164438122
2024-02-13$46.26$40.0030.8%8.8%33.1%13.1%33.8%-0.1%-7.1%18.4K-825.0K-2.8K0.00101.49N/AN/A040483286
2024-02-14$47.02$50.0030.7%8.8%32.3%13.0%0.0%-0.8%-0.6%25.4K-1.0M-2.5K0.0098.19N/AN/A50483319
2024-02-15$48.02$50.0028.5%8.2%32.1%10.2%0.0%43.1%-1.1%36.9K-1.2M-2.3K0.78108.53N/AN/A5140483319
2024-02-16$47.76$50.0037.6%10.8%32.1%21.8%0.0%9.1%-8.2%16.2K-921.3K-2.1K0.00112.38N/AN/A120439279
2024-02-20$46.15$50.0041.8%12.0%33.5%27.2%29.8%13.8%7.5%7.6K-720.8K-2.2K0.00118.45N/AN/A230321166
2024-02-21$46.25$45.0051.6%14.8%33.5%39.6%0.0%43.8%-9.3%14.6K-759.0K-2.3K0.33110.23N/AN/A31341166
2024-02-22$46.48$45.0025.7%7.4%33.2%6.6%27.9%-4.1%-10.1%22.1K-792.5K-2.1K0.00102.08N/AN/A40344167
2024-02-23$46.77$50.0054.8%15.7%32.8%43.7%0.0%16.8%-13.0%16.7K-826.0K-2.2K0.0090.89N/AN/A100350168
2024-02-26$46.94$50.0049.9%14.3%32.8%37.4%0.0%51.0%-0.8%26.2K-863.8K-2.1K0.03109.61N/AN/A1274360168
2024-02-27$47.08$50.0052.9%15.2%32.7%41.4%26.4%53.5%5.0%22.5K-637.5K-1.8K0.00111.19N/AN/A30303171
2024-02-28$46.98$50.0059.6%17.1%32.7%49.8%0.0%31.1%-7.7%17.3K-621.8K-2.0K0.00102.65N/AN/A30306171
2024-02-29$47.46$50.0060.4%17.3%32.9%50.9%0.0%40.1%-13.1%24.6K-687.7K-1.8K0.00110.90N/AN/A00309171