HI Options History — March 2025

In March 2025, HI traded between $24.38 and $27.69. ATM implied volatility averaged 78.2%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded above realized volatility by 27.8% (HV 20d: 50.4%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.44.

Notable Days

  • 2025-03-24: Highest Volume — 93 contracts
  • 2025-03-25: Largest IV spike — 58.5% change
  • 2025-03-10: Highest IV Rank — 88.2%
  • 2025-03-14: Largest Expected Move — 45.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.15$24.38$27.69$27.46$24.38
Max Pain$34.00$25.00$35.00$35.00$35.00
ATM IV78.2%40.5%144.2%110.6%82.3%
Expected Move24.6%13.1%45.0%31.7%14.8%
HV 20d50.4%41.6%59.7%59.7%41.6%
HV 60d43.5%41.7%44.8%43.3%44.8%
IV Rank42.3%16.1%88.2%64.9%45.2%
IV Percentile79.2%29.8%99.2%97.2%88.5%
Term Structure-16.6%-50.7%23.0%-46.6%-50.7%
VWIV49.9%38.5%58.6%56.1%52.9%
Skew 25d5.8%-71.2%69.3%69.3%-71.2%
Skew 10d21.0%-42.6%95.3%72.2%4.5%
Call IV 25d64.1%31.5%109.5%56.6%109.5%
Put IV 25d69.9%38.3%125.9%125.9%38.3%
Bid-Ask Spread %130.21111.98142.13126.93118.46
Gamma HHI0.520.420.740.430.42
Net GEX-4.9K-9.4K-1.9K-2.5K-6.4K
Net DEX202.6K129.8K292.9K150.4K262.2K
Net VEX-904-1.2K-615-1.0K-751
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.440.008.300.288.30
Total Volume9.81093232
Total OI449.476390472430471

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$27.46$35.00110.6%31.7%59.7%64.9%56.1%69.3%-46.6%-2.5K150.4K-1.0K0.28126.93N/AN/A185219211
2025-03-04$27.26$35.0074.6%21.4%58.7%39.8%58.6%43.0%-10.7%-2.4K140.7K-1.2K0.00131.26N/AN/A30221216
2025-03-05$27.13$35.00111.4%31.9%57.0%65.4%0.0%49.5%3.1%-2.3K181.6K-1.1K0.31141.39N/AN/A134221216
2025-03-06$27.69$35.00102.9%29.5%57.9%59.5%0.0%46.4%-2.2%-2.6K174.3K-1.1K0.00138.95N/AN/A00218220
2025-03-07$27.63$35.00106.5%30.5%51.0%62.0%0.0%42.4%-14.3%-1.9K155.4K-1.2K0.00140.45N/AN/A00218220
2025-03-10$26.35$35.00144.2%41.3%53.0%88.2%0.0%-22.7%-6.2%-2.8K217.6K-9630.00136.39N/AN/A09218220
2025-03-11$26.47$35.0074.6%43.3%44.7%39.8%0.0%50.9%-20.4%-2.5K188.4K-1.1K0.00142.13N/AN/A00218229
2025-03-12$26.51$35.0071.9%29.3%42.9%37.9%0.0%-22.0%1.0%-4.6K233.8K-9230.33141.23N/AN/A62218229
2025-03-13$24.95$35.0082.5%36.6%46.1%45.3%0.0%10.9%-42.8%-3.1K250.5K-9270.00136.79N/AN/A00218231
2025-03-14$25.25$35.0054.8%45.0%45.1%26.1%0.0%7.3%-13.3%-5.0K292.9K-7310.00131.40N/AN/A02218231
2025-03-17$26.01$25.0083.8%14.1%47.5%46.2%43.7%-1.1%-34.2%-8.6K246.7K-6150.83114.53N/AN/A1210218214
2025-03-18$25.10$30.0064.0%14.4%47.3%32.5%0.0%3.8%-33.2%-8.6K242.2K-8200.00122.20N/AN/A016230220
2025-03-19$26.30$30.0053.1%13.1%51.2%24.9%0.0%-10.8%-14.4%-5.7K185.6K-8770.00127.12N/AN/A03230236
2025-03-20$26.30$0.0064.2%17.4%51.0%32.6%49.7%-0.5%-11.3%-6.7K202.0K-8707.00119.06N/AN/A17230234
2025-03-21$25.68$35.0069.0%17.1%49.7%36.0%0.0%-11.1%-20.7%-2.4K161.5K-8370.00132.18N/AN/A00231241
2025-03-24$26.39$35.0040.5%16.5%51.2%16.1%38.5%11.2%23.0%-4.7K129.8K-7168.30111.98N/AN/A1083222168
2025-03-25$26.05$35.0064.2%15.5%51.2%32.6%0.0%-28.9%-14.5%-6.7K188.0K-8930.00134.26N/AN/A00222249
2025-03-26$25.86$35.0056.0%17.8%51.1%26.9%0.0%-14.4%-10.2%-7.4K203.1K-8640.00125.42N/AN/A00222249
2025-03-27$25.57$35.0064.1%15.5%49.8%32.5%0.0%-24.9%-22.4%-9.4K229.5K-7450.00128.74N/AN/A00222249
2025-03-28$24.84$35.0066.2%20.4%49.7%34.0%0.0%-5.4%-8.2%-6.6K218.9K-8260.00133.58N/AN/A00222249
2025-03-31$24.38$35.0082.3%14.8%41.6%45.2%52.9%-71.2%-50.7%-6.4K262.2K-7510.00118.46N/AN/A02222249