HI Options History — May 2024

In May 2024, HI traded between $41.47 and $46.67. ATM implied volatility averaged 38.3%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 19.2% (HV 20d: 57.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-05-01: Highest Volume — 134 contracts
  • 2024-05-08: Largest IV spike — 117.8% change
  • 2024-05-09: Highest IV Rank — 100.0%
  • 2024-05-20: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.25$41.47$46.67$41.59$46.67
Max Pain$45.68$45.00$50.00$50.00$45.00
ATM IV38.3%17.3%72.7%30.3%37.4%
Expected Move9.5%4.8%13.0%8.7%10.7%
HV 20d57.5%30.7%62.8%60.1%31.3%
HV 60d41.4%40.8%42.4%42.4%42.2%
IV Rank37.9%0.0%100.0%22.3%36.4%
IV Percentile46.6%0.0%100.0%21.4%48.0%
Term Structure-2.5%-21.6%17.3%-8.7%-16.3%
VWIV34.5%18.5%95.1%39.0%29.6%
Skew 25d11.6%-19.5%75.1%1.0%27.8%
Skew 10d18.6%-38.9%125.7%-9.3%125.7%
Call IV 25d34.0%15.9%57.6%31.9%25.8%
Put IV 25d45.6%16.2%93.3%32.9%53.6%
Bid-Ask Spread %117.0192.72128.9092.72122.25
Gamma HHI0.420.330.590.410.59
Net GEX1.3K-16.9K20.2K-4.3K20.2K
Net DEX-229.1K-591.1K140.3K42.5K-591.1K
Net VEX-1.8K-2.3K-1.5K-1.7K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.005.385.380.36
Total Volume11.227013413419
Total OI528.455429613488443

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$41.59$50.0030.3%8.7%60.1%22.3%39.0%1.0%-8.7%-4.3K42.5K-1.7K5.3892.72N/AN/A21113299189
2024-05-02$41.47$50.0031.2%9.0%60.2%23.9%95.1%-2.2%-2.3%-16.9K140.3K-2.3K0.00108.35N/AN/A01328285
2024-05-03$42.47$50.0017.3%5.0%61.1%0.0%28.9%-10.3%12.5%-12.0K51.2K-2.1K0.00106.63N/AN/A160328284
2024-05-06$43.28$45.0029.5%7.3%61.1%22.4%0.0%4.7%-8.5%-7.8K-33.6K-2.2K0.00119.40N/AN/A01320284
2024-05-07$45.03$45.0021.4%5.9%62.8%7.5%25.4%1.8%3.8%7.1K-182.9K-1.9K0.0099.32N/AN/A80320283
2024-05-08$45.76$45.0046.6%7.2%59.2%53.5%23.7%11.3%-1.3%1.9K-247.9K-2.0K0.00107.76N/AN/A60320283
2024-05-09$44.71$45.0072.7%8.4%59.2%100.0%0.0%-0.7%-15.2%-3.1K-170.8K-1.9K0.00108.66N/AN/A10320283
2024-05-10$43.72$45.0069.0%9.4%59.2%93.4%0.0%19.1%-4.3%-8.4K-61.0K-2.0K0.00115.25N/AN/A00320283
2024-05-13$43.80$45.0027.4%4.8%59.1%18.3%39.7%-6.9%2.7%-384-131.6K-1.6K1.00121.26N/AN/A11319273
2024-05-14$44.25$45.0036.7%10.6%59.3%35.1%0.0%-0.0%-21.6%2.1K-120.7K-1.8K0.00126.45N/AN/A00319274
2024-05-15$45.33$45.0033.7%9.7%60.1%29.6%0.0%9.0%-17.7%479-247.3K-1.9K0.00126.36N/AN/A50319274
2024-05-16$44.45$45.0043.0%12.3%60.3%46.5%0.0%5.0%-11.9%-2.2K-153.8K-2.2K0.00128.90N/AN/A010321274
2024-05-17$45.34$45.0043.3%12.4%60.6%46.9%35.7%28.6%-11.2%5.3K-262.9K-1.7K1.50125.92N/AN/A23321264
2024-05-20$45.19$45.0045.3%13.0%60.5%50.6%18.5%5.3%-12.6%7.5K-433.3K-1.8K0.67125.00N/AN/A32276153
2024-05-21$44.84$45.0034.6%9.9%60.0%31.3%0.0%17.7%9.7%6.4K-398.9K-1.7K0.00121.21N/AN/A00279154
2024-05-22$44.19$45.0034.8%10.0%60.1%31.7%20.7%-19.5%8.9%2.7K-360.3K-1.6K0.00118.87N/AN/A04279154
2024-05-23$43.62$45.0036.9%10.6%60.1%35.4%0.0%21.7%9.7%3.0K-317.0K-1.9K0.00123.18N/AN/A00279158
2024-05-24$44.36$45.0036.5%10.5%60.0%34.7%0.0%19.1%8.7%4.4K-372.6K-1.9K0.20120.43N/AN/A102279158
2024-05-28$44.01$45.0039.4%11.3%59.9%40.0%0.0%21.0%-6.4%3.6K-343.6K-1.7K0.00125.74N/AN/A100289160
2024-05-29$43.89$45.0035.1%10.1%59.2%32.2%0.0%27.0%17.3%1.5K-330.6K-1.6K0.00119.60N/AN/A00279160
2024-05-30$45.60$45.0040.1%11.5%30.7%41.1%22.8%75.1%10.6%17.2K-514.7K-1.5K0.00111.06N/AN/A80279160
2024-05-31$46.67$45.0037.4%10.7%31.3%36.4%29.6%27.8%-16.3%20.2K-591.1K-1.6K0.36122.25N/AN/A145283160