HI Options History — February 2025

In February 2025, HI traded between $29.37 and $34.99. ATM implied volatility averaged 58.9%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 12.8% (HV 20d: 46.1%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 4.80.

Notable Days

2025-02-27: Highest Volume — 72 contracts
2025-02-24: Largest IV spike — 40.7% change
2025-02-28: Highest IV Rank — 48.9%
2025-02-28: Largest Expected Move — 25.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.43	$29.37	$34.99	$32.80	$29.83
Max Pain	$29.74	$25.00	$35.00	$35.00	$35.00
ATM IV	58.9%	39.9%	87.6%	47.3%	87.6%
Expected Move	16.7%	12.4%	25.1%	13.6%	25.1%
HV 20d	46.1%	28.1%	53.5%	28.1%	53.5%
HV 60d	41.8%	39.5%	45.1%	44.8%	40.3%
IV Rank	28.9%	15.7%	48.9%	20.9%	48.9%
IV Percentile	66.8%	33.3%	94.0%	52.4%	94.0%
Term Structure	-13.0%	-41.0%	7.5%	0.4%	-39.4%
VWIV	50.6%	42.6%	65.6%	48.6%	65.6%
Skew 25d	5.3%	-48.3%	80.8%	0.1%	80.8%
Skew 10d	11.1%	-83.8%	102.8%	19.7%	102.8%
Call IV 25d	64.7%	32.2%	97.7%	65.7%	43.6%
Put IV 25d	70.0%	28.6%	124.4%	65.7%	124.4%
Bid-Ask Spread %	129.03	118.04	135.27	124.12	134.56
Gamma HHI	0.26	0.20	0.42	0.20	0.32
Net GEX	3.3K	-20	6.8K	3.7K	327
Net DEX	-152.5K	-334.6K	79.4K	-134.6K	254
Net VEX	-1.2K	-1.4K	-853	-1.4K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.80	0.00	37.00	0.00	0.00
Total Volume	15.211	0	72	13	1
Total OI	376.211	324	432	324	429

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$32.80	$35.00	47.3%	13.6%	28.1%	20.9%	48.6%	0.1%	0.4%	3.7K	-134.6K	-1.4K	0.00	124.12	N/A	N/A	13	0	200	124
2025-02-04	$33.78	$35.00	47.5%	13.6%	29.2%	21.0%	0.0%	-15.9%	1.5%	5.0K	-199.3K	-1.3K	0.00	128.97	N/A	N/A	0	0	207	124
2025-02-05	$33.80	$35.00	66.1%	19.0%	29.3%	34.0%	0.0%	-29.2%	-18.5%	4.5K	-208.5K	-1.4K	0.00	125.79	N/A	N/A	0	0	207	124
2025-02-06	$31.08	$25.00	39.9%	16.0%	42.9%	15.7%	0.0%	-4.8%	-19.9%	4.8K	-68.9K	-1.1K	0.00	130.45	N/A	N/A	34	0	207	124
2025-02-07	$31.07	$25.00	51.1%	16.7%	42.9%	23.5%	0.0%	24.0%	-18.7%	6.6K	-114.7K	-1.1K	0.00	134.16	N/A	N/A	1	0	229	124
2025-02-10	$33.30	$25.00	59.2%	13.8%	49.2%	29.1%	0.0%	20.1%	3.4%	6.8K	-232.7K	-1.2K	7.17	133.43	N/A	N/A	6	43	229	124
2025-02-11	$34.17	$25.00	73.1%	13.9%	49.3%	38.8%	0.0%	9.4%	2.5%	4.5K	-257.0K	-1.3K	5.33	135.27	N/A	N/A	3	16	230	166
2025-02-12	$33.85	$25.00	43.4%	12.4%	48.6%	18.1%	51.2%	-0.4%	3.7%	3.3K	-248.8K	-1.3K	0.00	128.10	N/A	N/A	6	0	230	182
2025-02-13	$34.62	$25.00	45.7%	13.1%	48.5%	19.8%	42.6%	33.3%	1.7%	3.2K	-299.3K	-1.2K	0.00	118.04	N/A	N/A	2	0	230	182
2025-02-14	$34.67	$25.00	45.7%	13.1%	48.3%	19.7%	0.0%	43.0%	2.9%	3.5K	-322.1K	-1.3K	0.00	129.36	N/A	N/A	2	0	231	182
2025-02-18	$34.99	$25.00	49.8%	14.3%	48.4%	22.6%	0.0%	30.4%	1.2%	3.1K	-334.6K	-1.1K	0.00	133.33	N/A	N/A	5	0	232	182
2025-02-19	$33.51	$25.00	53.8%	15.4%	48.7%	25.4%	0.0%	-48.3%	7.5%	2.7K	-217.5K	-1.2K	0.00	133.09	N/A	N/A	4	0	232	182
2025-02-20	$32.58	$25.00	54.0%	15.5%	49.6%	25.6%	44.9%	19.7%	-2.7%	4.5K	-213.7K	-1.1K	0.00	133.29	N/A	N/A	0	20	232	182
2025-02-21	$31.18	$35.00	51.7%	14.8%	51.4%	23.9%	0.0%	-8.9%	-22.3%	2.2K	-124.4K	-1.1K	0.00	126.38	N/A	N/A	0	0	232	200
2025-02-24	$30.56	$35.00	72.7%	20.8%	51.7%	38.5%	0.0%	-32.4%	-41.0%	1.9K	-12.2K	-915	20.00	118.94	N/A	N/A	1	20	195	135
2025-02-25	$30.43	$35.00	72.2%	20.7%	51.7%	38.2%	0.0%	-1.3%	-36.9%	1.5K	14.3K	-999	0.00	128.08	N/A	N/A	2	0	195	155
2025-02-26	$30.53	$35.00	80.3%	23.0%	51.7%	43.8%	0.0%	-20.3%	-36.0%	1.4K	-3.0K	-1.0K	37.00	121.97	N/A	N/A	1	37	197	155
2025-02-27	$29.37	$35.00	77.3%	22.2%	53.0%	41.7%	65.6%	0.9%	-36.2%	-20	79.4K	-853	2.43	134.19	N/A	N/A	21	51	197	160
2025-02-28	$29.83	$35.00	87.6%	25.1%	53.5%	48.9%	0.0%	80.8%	-39.4%	327	254	-1.2K	0.00	134.56	N/A	N/A	1	0	218	211