HI Options History — July 2024

In July 2024, HI traded between $38.09 and $45.00. ATM implied volatility averaged 46.5%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 8.7% (HV 20d: 37.8%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-07-30: Highest Volume — 38 contracts
  • 2024-07-11: Largest IV drop — 59.8% change
  • 2024-07-08: Highest IV Rank — 100.0%
  • 2024-07-31: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.06$38.09$45.00$38.22$44.63
Max Pain$39.32$35.00$40.00$35.00$40.00
ATM IV46.5%18.3%87.8%49.0%53.5%
Expected Move12.2%5.2%15.3%14.0%15.3%
HV 20d37.8%22.5%47.6%23.7%45.0%
HV 60d42.7%35.5%46.3%42.3%35.9%
IV Rank43.7%1.4%100.0%57.2%51.3%
IV Percentile64.1%0.4%100.0%83.7%88.1%
Term Structure-14.7%-36.5%10.6%-36.5%-21.7%
VWIV41.4%19.0%66.2%19.0%66.2%
Skew 25d8.3%-42.6%35.6%-42.6%22.4%
Skew 10d26.0%-8.8%115.5%-5.7%24.5%
Call IV 25d55.8%36.5%70.3%64.1%64.3%
Put IV 25d64.1%21.5%102.5%21.5%86.7%
Bid-Ask Spread %124.20111.07131.39111.07128.46
Gamma HHI0.280.250.410.290.26
Net GEX4.1K-5.4K11.6K3.2K6.8K
Net DEX-190.3K-437.6K-51.4K-74.9K-161.2K
Net VEX-1.2K-1.5K-969-971-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.003.000.000.00
Total Volume7.045038103
Total OI340.773196449390247

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$38.22$35.0049.0%14.0%23.7%57.2%19.0%-42.6%-36.5%3.2K-74.9K-9710.00111.07N/AN/A01029496
2024-07-02$38.32$35.0040.3%11.6%22.5%41.6%0.0%-15.4%-12.8%1.8K-65.0K-9910.00118.16N/AN/A100294106
2024-07-03$38.71$35.0047.9%13.7%23.0%55.3%0.0%-16.8%-33.0%2.7K-94.8K-1.1K0.00121.55N/AN/A00298106
2024-07-05$38.52$40.0063.8%13.2%22.8%84.0%0.0%12.0%-17.4%2.5K-70.8K-1.0K0.00130.49N/AN/A03298106
2024-07-08$38.92$40.0087.8%13.4%23.5%100.0%0.0%-14.4%-22.4%3.7K-107.3K-1.1K0.00127.85N/AN/A10298107
2024-07-09$38.09$40.0074.4%13.6%24.0%81.0%0.0%-2.0%-24.5%3.4K-60.9K-9690.00131.39N/AN/A010299107
2024-07-10$40.69$40.0045.4%13.0%35.2%39.8%36.0%8.7%-12.4%-5.4K-198.9K-1.1K0.00121.98N/AN/A120299117
2024-07-11$43.26$40.0018.3%5.2%41.5%1.4%35.8%14.8%-5.1%4.4K-379.7K-1.2K1.33126.43N/AN/A34301117
2024-07-12$42.69$40.0029.0%8.3%41.0%16.7%0.0%8.4%-0.4%129-313.4K-9963.00123.95N/AN/A13300113
2024-07-15$43.34$40.0037.3%10.7%41.3%28.4%35.5%0.8%-5.1%5.5K-364.7K-1.2K0.00116.39N/AN/A40301116
2024-07-16$44.67$40.0037.9%10.9%41.4%29.3%42.3%4.9%-10.5%11.6K-437.6K-1.1K0.20123.77N/AN/A102300116
2024-07-17$43.89$40.0047.2%13.5%42.0%42.5%47.2%0.9%-23.1%8.1K-418.6K-1.2K1.00129.02N/AN/A1111310116
2024-07-18$43.06$40.0047.0%13.5%42.5%42.2%0.0%1.7%-12.8%4.9K-393.9K-1.4K0.00128.36N/AN/A01321127
2024-07-19$42.94$40.0044.6%12.8%42.5%38.8%0.0%33.9%-30.6%3.2K-377.0K-1.3K0.00126.67N/AN/A02321128
2024-07-22$44.06$40.0051.7%14.8%43.4%48.7%0.0%14.1%-19.7%4.0K-117.1K-1.4K0.00124.59N/AN/A2011383
2024-07-23$45.00$40.0044.6%12.8%43.8%38.8%48.6%14.8%-15.6%4.4K-112.1K-1.3K0.00117.06N/AN/A11011583
2024-07-24$42.86$40.0043.5%12.5%46.9%37.2%44.8%25.4%-1.0%5.2K-108.6K-1.3K0.00122.22N/AN/A1012583
2024-07-25$43.30$40.0042.4%12.2%47.0%35.6%0.0%25.5%-25.5%4.1K-68.4K-1.3K0.00128.84N/AN/A0012683
2024-07-26$44.06$40.0039.1%11.2%47.0%31.0%0.0%35.6%10.6%5.5K-103.6K-1.4K0.00123.26N/AN/A0012683
2024-07-29$43.12$40.0036.7%10.5%47.6%27.5%38.3%15.9%-3.9%4.5K-51.4K-1.3K0.00122.49N/AN/A2012683
2024-07-30$43.06$40.0040.4%11.6%43.8%32.8%0.0%34.0%0.9%5.9K-107.8K-1.3K2.80128.36N/AN/A102812683
2024-07-31$44.63$40.0053.5%15.3%45.0%51.3%66.2%22.4%-21.7%6.8K-161.2K-1.5K0.00128.46N/AN/A30136111