HI Options History — July 2025

In July 2025, HI traded between $20.67 and $23.20. ATM implied volatility averaged 97.7%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded above realized volatility by 52.7% (HV 20d: 45.0%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-07-01: Highest Volume — 28 contracts
  • 2025-07-02: Largest IV spike — 51.8% change
  • 2025-07-08: Highest IV Rank — 77.4%
  • 2025-07-24: Largest Expected Move — 30.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.91$20.67$23.20$21.00$20.67
Max Pain$24.55$20.00$25.00$20.00$25.00
ATM IV97.7%60.4%164.4%60.4%100.8%
Expected Move25.6%17.3%30.3%17.3%28.9%
HV 20d45.0%37.2%50.2%48.0%37.2%
HV 60d60.5%52.9%76.0%76.0%52.9%
IV Rank40.6%22.3%77.4%22.3%41.2%
IV Percentile78.7%46.0%98.0%46.0%81.7%
Term Structure-28.8%-85.9%17.7%17.7%-85.9%
VWIV66.1%30.1%179.8%30.1%179.8%
Skew 25d-15.0%-79.9%20.5%-57.4%-59.1%
Skew 10d-17.9%-148.0%120.6%-135.0%-148.0%
Call IV 25d98.1%42.3%163.1%107.3%163.1%
Put IV 25d83.1%40.9%134.9%49.8%104.1%
Bid-Ask Spread %138.61110.22151.09123.97140.05
Gamma HHI0.270.220.330.320.23
Net GEX685-5652.9K-565204
Net DEX1.1K-65.7K40.5K40.5K36.7K
Net VEX-761-901-681-707-757
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.003.500.110.00
Total Volume7.4090282812
Total OI383.045268475393309

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$21.00$20.0060.4%17.3%48.0%22.3%30.1%-57.4%17.7%-56540.5K-7070.00123.97N/AN/A028219174
2025-07-02$22.44$20.0091.6%26.3%49.4%38.9%66.8%-48.3%7.4%556-4.9K-7080.11110.22N/AN/A182219192
2025-07-03$22.55$25.00134.2%23.3%49.0%61.4%0.0%10.5%-30.5%655-9.5K-9010.00149.72N/AN/A100236192
2025-07-07$22.13$25.00133.7%24.6%49.6%61.2%0.0%13.8%-29.6%371-7.4K-8693.50149.41N/AN/A27246192
2025-07-08$22.75$25.00164.4%23.9%50.2%77.4%76.9%15.4%-22.7%1.4K-22.0K-7151.00145.18N/AN/A11248199
2025-07-09$23.02$25.0084.3%24.2%46.6%35.0%0.0%5.7%-20.9%2.9K-57.0K-8310.00144.75N/AN/A00249200
2025-07-10$23.20$25.0066.6%19.1%46.2%25.6%57.4%14.1%-14.2%-43-45.3K-8780.57123.66N/AN/A74249200
2025-07-11$22.79$25.0089.1%25.5%46.8%37.5%0.0%6.3%-21.0%2.9K-65.7K-6810.00140.99N/AN/A00255204
2025-07-14$22.30$25.0095.0%27.2%47.0%40.7%0.0%3.8%-34.2%2.0K-48.1K-8520.00144.91N/AN/A00255204
2025-07-15$21.26$25.0099.1%28.4%44.2%42.9%0.0%-28.7%-56.1%5267.3K-7750.00146.32N/AN/A015255204
2025-07-16$21.27$25.00101.9%29.2%43.9%41.8%59.9%-35.8%-50.7%-52534.1K-7530.20140.62N/AN/A51255214
2025-07-17$21.70$25.00102.1%29.3%41.7%41.9%0.0%-79.9%-59.1%-1321.3K-7280.00150.90N/AN/A50258215
2025-07-18$21.34$25.0080.8%23.2%41.7%30.1%76.5%-59.4%-9.6%81211.2K-7390.00132.40N/AN/A10262213
2025-07-21$21.25$25.0088.5%25.4%41.0%34.4%0.0%0.2%-12.3%60314.9K-6972.33151.09N/AN/A37148120
2025-07-22$22.02$25.0096.0%27.5%42.4%38.5%40.5%-10.4%-24.5%66521.6K-7050.75125.27N/AN/A43151127
2025-07-23$22.41$25.0085.5%24.5%41.2%32.7%48.6%-30.3%-17.8%745-383-7610.00130.60N/AN/A06154129
2025-07-24$21.63$25.00105.5%30.3%43.7%43.8%44.8%-49.9%-45.9%6349.0K-7210.00145.74N/AN/A03154135
2025-07-25$22.34$25.0088.5%25.4%44.3%34.3%42.9%17.9%-17.0%223-2.3K-8331.00133.09N/AN/A11154138
2025-07-28$21.79$25.0082.0%23.5%45.0%30.8%68.7%10.7%-18.6%39823.6K-6890.50128.22N/AN/A63155139
2025-07-29$21.36$25.00102.7%29.5%45.7%42.2%0.0%20.5%-11.6%33735.3K-7030.00144.23N/AN/A01160142
2025-07-30$20.80$25.0097.1%27.8%44.8%39.1%0.0%9.8%-75.5%29830.3K-7420.00148.13N/AN/A06160143
2025-07-31$20.67$25.00100.8%28.9%37.2%41.2%179.8%-59.1%-85.9%20436.7K-7570.00140.05N/AN/A120160149