HI Options History — August 2025

In August 2025, HI traded between $19.68 and $26.64. ATM implied volatility averaged 88.1%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded above realized volatility by 18.1% (HV 20d: 70.0%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.54.

Notable Days

  • 2025-08-13: Highest Volume — 3,398 contracts
  • 2025-08-04: Largest IV spike — 81.8% change
  • 2025-08-04: Highest IV Rank — 83.5%
  • 2025-08-29: Largest Expected Move — 29.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.50$19.68$26.64$19.68$25.24
Max Pain$21.31$17.50$22.50$22.50$22.50
ATM IV88.1%48.4%177.2%97.5%101.7%
Expected Move21.7%13.9%29.1%27.9%29.1%
HV 20d70.0%40.1%87.8%40.2%84.8%
HV 60d58.5%47.7%63.8%53.7%61.4%
IV Rank34.1%12.2%83.5%39.3%40.7%
IV Percentile64.1%17.1%98.8%80.2%80.6%
Term Structure-19.9%-63.5%7.5%-63.5%-40.5%
VWIV55.3%36.6%80.5%63.9%36.8%
Skew 25d29.5%-43.1%82.8%10.5%79.0%
Skew 10d-17.3%-110.9%50.9%50.6%-110.9%
Call IV 25d59.3%32.8%106.6%50.8%66.3%
Put IV 25d88.8%44.4%145.3%61.3%145.3%
Bid-Ask Spread %128.9889.89151.66151.66135.32
Gamma HHI0.570.180.950.180.56
Net GEX44.6K-385245.9K-38524.2K
Net DEX-1.8M-9.0M78.2K78.2K-1.2M
Net VEX-2.1K-3.6K-556-556-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.540.0027.000.450.00
Total Volume386.1903,398160
Total OI1,435.6193204,1973201,131

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$19.68$22.5097.5%27.9%40.2%39.3%0.0%10.5%-63.5%-38578.2K-5560.45151.66N/AN/A115171149
2025-08-04$20.05$22.50177.2%27.1%40.9%83.5%0.0%58.8%-2.6%31640.6K-7620.00142.13N/AN/A01181154
2025-08-05$20.42$22.5099.4%16.3%40.1%40.4%63.9%-43.1%3.2%27959.2K-7030.00127.20N/AN/A60181155
2025-08-06$19.73$22.5074.3%18.2%40.8%26.5%0.0%11.2%5.9%29774.6K-6140.17142.25N/AN/A61184155
2025-08-07$19.88$22.50122.3%21.5%40.8%53.1%0.0%-26.9%-2.6%22068.3K-6730.01141.03N/AN/A2,00720188156
2025-08-08$19.70$22.5092.2%18.7%40.6%36.4%59.0%-5.5%-15.9%76.7K-530.5K-2.0K0.29110.09N/AN/A131382,181166
2025-08-11$19.80$17.50130.7%18.9%40.5%57.8%71.1%-6.6%-16.0%93.8K-794.1K-2.1K0.36122.04N/AN/A2282,300204
2025-08-12$23.26$17.5071.1%23.7%69.4%24.7%80.5%-29.2%-38.3%245.9K-3.5M-2.4K0.01125.64N/AN/A2,341302,318212
2025-08-13$26.64$17.5074.4%21.3%83.5%26.5%44.3%67.4%-26.0%129.0K-9.0M-3.6K0.03133.44N/AN/A3,299993,955242
2025-08-14$25.68$20.0057.1%16.4%85.1%17.0%0.0%65.6%7.5%61.3K-5.3M-2.7K0.00141.73N/AN/A102,518310
2025-08-15$25.30$20.0052.9%15.2%85.1%14.7%36.6%23.6%1.8%52.5K-5.3M-2.7K7.3390.97N/AN/A3222,518300
2025-08-18$25.28$20.0049.9%14.3%85.0%13.0%57.1%19.8%-7.0%30.3K-1.4M-2.4K2.5089.89N/AN/A25907190
2025-08-19$25.70$20.0048.4%13.9%84.5%12.2%48.3%7.5%-6.2%33.2K-1.5M-2.2K27.00118.74N/AN/A127908194
2025-08-20$24.68$22.5072.5%20.8%86.1%25.5%36.8%52.5%-9.9%26.1K-1.2M-2.9K0.25131.95N/AN/A41909220
2025-08-21$24.42$22.5091.6%26.3%85.0%36.1%0.0%43.3%-43.2%21.5K-1.0M-2.8K0.00141.92N/AN/A10912221
2025-08-22$26.22$22.5073.5%21.1%87.6%26.1%0.0%58.8%-8.0%41.6K-1.5M-2.1K2.20127.13N/AN/A511913221
2025-08-25$25.49$22.5071.3%20.4%87.8%24.8%0.0%48.4%-30.0%24.7K-1.5M-2.3K0.00129.28N/AN/A00913218
2025-08-26$25.01$22.5097.0%27.8%87.8%39.1%0.0%50.6%-34.2%22.6K-1.2M-2.7K0.00135.69N/AN/A20913218
2025-08-27$25.41$22.5097.5%28.0%86.9%39.4%0.0%50.6%-46.1%25.9K-1.2M-2.3K0.00135.28N/AN/A00913218
2025-08-28$25.85$22.5097.0%27.8%86.7%39.1%0.0%82.8%-46.3%26.2K-1.3M-2.1K0.00135.31N/AN/A00913218
2025-08-29$25.24$22.50101.7%29.1%84.8%40.7%0.0%79.0%-40.5%24.2K-1.2M-2.4K0.00135.32N/AN/A00913218