HI Options History — May 2025

In May 2025, HI traded between $18.86 and $23.23. ATM implied volatility averaged 107.1%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 28.2% (HV 20d: 78.9%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 7.85.

Notable Days

  • 2025-05-14: Highest Volume — 60 contracts
  • 2025-05-05: Largest IV spike — 81.5% change
  • 2025-05-13: Highest IV Rank — 86.3%
  • 2025-05-30: Largest Expected Move — 38.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.71$18.86$23.23$20.91$19.77
Max Pain$21.75$17.50$22.50$22.50$22.50
ATM IV107.1%49.8%181.2%66.5%133.1%
Expected Move22.6%14.3%38.2%19.1%38.2%
HV 20d78.9%61.8%116.0%116.0%62.1%
HV 60d78.2%74.7%80.1%77.5%78.8%
IV Rank47.1%16.7%86.3%26.0%60.9%
IV Percentile81.4%38.9%99.2%67.1%95.2%
Term Structure-24.9%-76.3%21.3%8.8%-76.3%
VWIV58.5%33.6%98.6%75.3%98.6%
Skew 25d14.8%-13.5%91.0%-8.9%91.0%
Skew 10d29.3%-86.2%190.0%67.8%190.0%
Call IV 25d65.5%40.1%164.0%164.0%60.6%
Put IV 25d80.4%38.0%155.1%155.1%151.7%
Bid-Ask Spread %147.29128.50159.18145.56159.18
Gamma HHI0.370.190.700.360.63
Net GEX-1.3K-5.0K2.9K2.9K-2.8K
Net DEX106.9K37.4K180.9K91.0K175.2K
Net VEX-545-636-422-472-636
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.850.0033.000.006.00
Total Volume15.57106000
Total OI317.381253408254355

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$20.91$22.5066.5%19.1%116.0%26.0%0.0%-8.9%8.8%2.9K91.0K-4720.00145.56N/AN/A00147107
2025-05-02$21.23$22.5087.5%25.1%105.3%37.0%75.3%15.1%-4.8%27463.0K-4670.00139.42N/AN/A10147107
2025-05-05$20.52$0.00158.7%18.0%103.1%74.6%57.9%10.9%-13.8%46762.0K-4810.00138.37N/AN/A030146107
2025-05-06$20.05$17.50123.1%22.6%103.4%55.8%0.0%-13.5%-8.3%82107.2K-4550.00149.17N/AN/A02146137
2025-05-07$19.57$17.50150.6%23.1%101.8%70.3%0.0%-4.5%-58.5%-44129.5K-42233.00152.90N/AN/A133146140
2025-05-08$21.00$17.50140.6%22.0%75.4%64.8%69.2%11.1%-36.7%-869100.4K-5700.00139.66N/AN/A026147173
2025-05-09$20.79$22.50172.2%22.0%61.8%81.6%0.0%-7.6%-43.1%-1.7K104.5K-5810.00151.10N/AN/A00147181
2025-05-12$22.91$22.50164.0%17.2%70.0%77.2%0.0%18.7%14.8%-1.1K50.7K-5090.00133.60N/AN/A290147181
2025-05-13$23.23$22.50181.2%18.4%69.8%86.3%0.0%13.3%12.5%-1.2K37.4K-6040.00150.22N/AN/A10155181
2025-05-14$22.63$22.5059.3%17.0%70.6%21.8%40.6%29.5%11.6%948.3K-5820.00128.50N/AN/A600156181
2025-05-15$21.48$22.5055.1%15.8%72.1%19.5%44.1%39.1%21.3%66044.4K-5300.03143.22N/AN/A341216181
2025-05-16$21.75$22.5049.8%14.3%72.1%16.7%0.0%28.9%19.9%-1.7K67.0K-52320.00151.00N/AN/A120249159
2025-05-19$21.12$22.5064.1%18.4%72.9%24.3%33.6%-8.6%-38.2%-1.8K98.7K-59123.00153.10N/AN/A123138134
2025-05-20$21.06$22.5064.2%18.4%71.8%24.3%0.0%-6.1%-29.3%-2.3K115.1K-6170.00141.99N/AN/A10139157
2025-05-21$19.88$22.5087.2%25.0%74.4%36.6%48.9%16.5%-55.7%-2.3K134.6K-5414.20140.53N/AN/A521140157
2025-05-22$19.34$22.5098.2%28.1%71.6%42.4%98.6%23.3%-58.8%-2.1K160.9K-5670.00149.15N/AN/A01145177
2025-05-23$18.86$22.50103.1%29.6%71.9%45.0%0.0%12.9%-68.9%-2.2K153.1K-5800.00157.79N/AN/A06146178
2025-05-27$19.75$22.5075.8%21.7%74.3%30.5%0.0%26.8%-21.3%-3.5K164.7K-5570.00153.59N/AN/A05146184
2025-05-28$19.34$22.50126.5%36.3%74.3%57.4%0.0%18.9%-74.0%-2.2K155.9K-5758.00157.50N/AN/A216146189
2025-05-29$19.70$22.5088.5%25.4%63.4%37.2%0.0%4.5%-23.7%-5.0K180.9K-5766.00157.48N/AN/A16148202
2025-05-30$19.77$22.50133.1%38.2%62.1%60.9%0.0%91.0%-76.3%-2.8K175.2K-6360.00159.18N/AN/A00149206