HI Options History — March 2024

In March 2024, HI traded between $46.27 and $50.35. ATM implied volatility averaged 39.2%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 13.0% (HV 20d: 26.2%). 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 9 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2024-03-11: Highest Volume — 52 contracts
  • 2024-03-12: Largest IV spike — 150.6% change
  • 2024-03-12: Highest IV Rank — 65.1%
  • 2024-03-01: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.52$46.27$50.35$47.18$50.35
Max Pain$41.25$40.00$50.00$50.00$45.00
ATM IV39.2%22.7%71.5%71.2%37.4%
Expected Move9.5%6.5%20.4%20.4%10.7%
HV 20d26.2%20.9%32.9%32.9%25.3%
HV 60d28.1%27.1%28.9%28.6%27.2%
IV Rank27.3%4.2%65.1%64.7%32.7%
IV Percentile39.6%2.8%98.4%98.4%40.9%
Term Structure-1.5%-35.1%13.1%-35.1%-8.6%
VWIV28.7%19.7%36.1%29.9%24.3%
Skew 25d23.1%-25.0%127.5%50.6%50.9%
Skew 10d29.0%-26.2%184.1%74.0%69.5%
Call IV 25d33.1%21.5%57.5%32.0%57.5%
Put IV 25d56.3%26.5%154.5%82.6%108.3%
Bid-Ask Spread %103.2980.22122.21122.21115.94
Gamma HHI0.590.420.800.470.75
Net GEX27.4K17.0K36.5K17.7K35.1K
Net DEX-802.2K-939.1K-623.9K-668.3K-939.1K
Net VEX-2.0K-2.3K-1.6K-2.1K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.002.670.000.32
Total Volume1305250
Total OI482.55428565480456

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$47.18$50.0071.2%20.4%32.9%64.7%29.9%50.6%-35.1%17.7K-668.3K-2.1K0.00122.21N/AN/A50309171
2024-03-04$47.17$40.0059.6%12.4%32.9%49.8%29.1%9.8%0.2%21.4K-657.5K-1.9K0.50102.41N/AN/A42304171
2024-03-05$46.94$40.0069.2%10.0%32.8%62.1%31.1%-7.7%1.3%17.0K-650.3K-1.9K0.0099.96N/AN/A40308173
2024-03-06$48.05$40.0040.3%11.8%28.3%25.2%34.1%-19.4%-6.4%24.8K-719.3K-1.9K0.42104.91N/AN/A2410310173
2024-03-07$48.77$40.0049.8%7.4%26.6%37.3%28.9%-0.2%-0.2%31.8K-844.6K-1.9K0.0096.94N/AN/A40333183
2024-03-08$49.30$40.0025.2%7.4%26.6%6.0%27.9%16.7%-5.9%33.4K-884.4K-2.3K0.00104.22N/AN/A130337183
2024-03-11$48.45$40.0028.5%7.9%22.8%10.2%30.4%9.7%-1.3%30.1K-813.0K-2.1K0.53105.55N/AN/A3418340183
2024-03-12$48.33$40.0071.5%7.8%22.0%65.1%31.2%20.6%2.4%25.7K-793.2K-2.3K0.0097.30N/AN/A160345201
2024-03-13$48.23$40.0030.8%8.8%20.9%13.1%0.0%30.6%-7.3%28.9K-803.2K-2.3K0.00107.48N/AN/A014351201
2024-03-14$46.27$40.0034.7%10.0%25.3%23.1%26.9%2.8%-0.6%18.7K-623.9K-2.2K0.0092.47N/AN/A01349215
2024-03-15$47.70$40.0022.7%6.5%26.5%4.2%19.7%7.3%13.1%23.6K-759.7K-2.0K0.20102.48N/AN/A51349216
2024-03-18$48.06$40.0024.8%7.1%26.6%8.3%22.4%7.3%10.4%25.9K-782.8K-2.0K1.1080.22N/AN/A1011312116
2024-03-19$47.86$40.0025.6%7.3%23.3%9.8%24.7%3.5%11.0%29.2K-791.3K-2.1K0.0097.50N/AN/A60323123
2024-03-20$49.15$40.0024.6%7.0%24.9%7.8%33.2%5.3%4.1%30.6K-883.3K-1.9K0.0798.69N/AN/A151317123
2024-03-21$49.67$40.0032.1%9.2%25.1%22.4%36.1%2.5%2.2%28.4K-885.5K-1.8K1.00105.78N/AN/A55312124
2024-03-22$49.39$40.0034.7%9.9%25.3%27.5%0.0%-25.0%-1.7%28.4K-885.0K-1.8K0.6099.75N/AN/A106315124
2024-03-25$49.80$40.0032.6%9.3%25.3%23.4%24.3%111.6%2.5%36.5K-914.2K-1.8K2.67114.20N/AN/A38319120
2024-03-26$49.78$45.0036.1%10.3%25.4%30.2%0.0%58.6%-8.4%28.2K-876.1K-1.8K0.00109.40N/AN/A00306125
2024-03-27$49.88$45.0032.2%9.2%25.3%22.7%0.0%127.5%-1.8%33.0K-870.0K-1.6K0.32108.39N/AN/A196306125
2024-03-28$50.35$45.0037.4%10.7%25.3%32.7%0.0%50.9%-8.6%35.1K-939.1K-2.0K0.00115.94N/AN/A00325131