HI Options History — November 2025

In November 2025, HI traded between $31.61 and $31.82. ATM implied volatility averaged 15.0%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 9.0% (HV 20d: 24.0%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 6.33.

Notable Days

2025-11-24: Highest Volume — 2,704 contracts
2025-11-18: Largest IV spike — 104.8% change
2025-11-18: Highest IV Rank — 9.1%
2025-11-18: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.67	$31.61	$31.82	$31.62	$31.82
Max Pain	$29.21	$25.00	$30.00	$25.00	$30.00
ATM IV	15.0%	9.5%	23.7%	9.5%	16.8%
Expected Move	4.2%	2.7%	6.8%	2.7%	4.8%
HV 20d	24.0%	1.3%	65.1%	65.1%	1.7%
HV 60d	54.6%	49.6%	69.3%	69.3%	49.6%
IV Rank	4.8%	2.1%	9.1%	2.1%	5.7%
IV Percentile	7.6%	4.8%	10.7%	4.8%	10.7%
Term Structure	-0.9%	-14.2%	16.5%	14.7%	-2.6%
VWIV	12.7%	8.4%	16.7%	9.9%	14.1%
Skew 25d	71.7%	-1.3%	168.2%	3.4%	168.2%
Skew 10d	120.0%	-16.7%	231.2%	-16.7%	231.2%
Call IV 25d	35.0%	9.9%	61.8%	31.6%	61.8%
Put IV 25d	106.7%	12.3%	230.1%	35.1%	230.1%
Bid-Ask Spread %	115.49	80.85	124.82	80.85	112.95
Gamma HHI	0.58	0.46	0.87	0.49	0.75
Net GEX	-23.4K	-330.8K	422.4K	19.2K	-325.2K
Net DEX	-9.2M	-12.4M	611.7K	-12.4M	611.7K
Net VEX	-10.5K	-22.8K	-7.2K	-8.9K	-22.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.33	0.00	89.13	0.00	19.21
Total Volume	365.474	5	2,704	99	667
Total OI	9,797.421	3,470	11,007	11,007	7,787

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
2025-11-03	$31.62	$25.00	9.5%	2.7%	65.1%	2.1%	9.9%	3.4%	14.7%	19.2K	-12.4M	-8.9K	0.00	80.85	N/A	N/A	99	0	8,734	2,273
2025-11-04	$31.61	$25.00	9.8%	2.8%	63.7%	2.2%	8.4%	4.9%	16.5%	4.3K	-12.2M	-8.9K	0.00	81.28	N/A	N/A	25	0	8,665	2,273
2025-11-05	$31.63	$25.00	12.0%	3.4%	63.7%	3.3%	12.3%	4.0%	12.8%	52.3K	-12.1M	-8.7K	0.00	81.94	N/A	N/A	49	0	8,645	2,273
2025-11-06	$31.61	$30.00	12.7%	5.0%	63.0%	3.6%	0.0%	-1.3%	-11.6%	82.1K	-12.0M	-9.2K	0.02	124.82	N/A	N/A	96	2	8,600	2,273
2025-11-07	$31.63	$30.00	11.9%	2.9%	61.2%	3.3%	0.0%	8.2%	2.7%	21.1K	-11.9M	-8.2K	0.00	123.69	N/A	N/A	24	0	8,523	2,273
2025-11-10	$31.69	$30.00	14.8%	3.0%	59.8%	4.7%	0.0%	125.4%	3.7%	49.0K	-11.9M	-8.1K	0.00	122.04	N/A	N/A	5	0	8,500	2,273
2025-11-11	$31.66	$30.00	13.7%	3.1%	60.0%	4.2%	11.3%	127.0%	3.8%	12.7K	-11.9M	-8.2K	0.67	124.20	N/A	N/A	30	20	8,495	2,273
2025-11-12	$31.68	$30.00	18.7%	5.4%	2.2%	6.6%	0.0%	-0.3%	-12.3%	-15.9K	-11.8M	-7.9K	0.43	123.87	N/A	N/A	47	20	8,466	2,293
2025-11-13	$31.66	$30.00	19.0%	5.4%	2.0%	6.8%	0.0%	-0.7%	-12.2%	1.4K	-11.7M	-8.3K	0.00	123.87	N/A	N/A	319	0	8,419	2,313
2025-11-14	$31.64	$30.00	19.3%	5.5%	1.3%	6.9%	0.0%	-1.0%	-13.0%	-23.9K	-11.6M	-8.3K	0.00	124.61	N/A	N/A	60	0	8,232	2,313
2025-11-17	$31.68	$30.00	11.6%	3.3%	1.4%	3.1%	0.0%	138.1%	2.5%	-12.4K	-11.6M	-7.2K	0.04	124.56	N/A	N/A	28	1	8,175	2,313
2025-11-18	$31.66	$30.00	23.7%	6.8%	1.4%	9.1%	0.0%	5.6%	-14.2%	-29.1K	-11.5M	-8.8K	0.07	120.10	N/A	N/A	70	5	8,170	2,313
2025-11-19	$31.62	$30.00	16.7%	4.8%	1.5%	5.6%	16.7%	10.7%	3.8%	422.4K	-10.4M	-9.9K	1.31	106.03	N/A	N/A	163	213	8,123	2,318
2025-11-20	$31.63	$30.00	12.5%	3.6%	1.5%	3.5%	13.6%	144.2%	0.7%	-21.6K	-11.4M	-8.5K	0.83	124.75	N/A	N/A	127	105	8,142	2,532
2025-11-21	$31.68	$30.00	15.1%	4.3%	1.6%	4.8%	0.0%	147.6%	-4.3%	-28.3K	-11.3M	-8.1K	2.24	123.96	N/A	N/A	131	293	8,087	2,619
2025-11-24	$31.73	$30.00	15.8%	4.5%	1.6%	5.2%	12.6%	157.0%	-3.9%	-38.9K	-1.1M	-8.4K	89.13	124.15	N/A	N/A	30	2,674	1,296	2,174
2025-11-25	$31.74	$30.00	16.1%	4.6%	1.5%	5.3%	0.0%	160.2%	-4.5%	-282.1K	339.0K	-20.2K	0.00	124.12	N/A	N/A	0	1,568	1,473	4,756
2025-11-26	$31.82	$30.00	14.5%	4.2%	1.7%	4.5%	15.5%	161.1%	1.0%	-330.8K	483.7K	-21.5K	0.00	122.53	N/A	N/A	73	0	1,473	6,291
2025-11-28	$31.82	$30.00	16.8%	4.8%	1.7%	5.7%	14.1%	168.2%	-2.6%	-325.2K	611.7K	-22.8K	19.21	112.95	N/A	N/A	33	634	1,485	6,302