HI Options History — December 2025

In December 2025, HI traded between $31.66 and $31.95. ATM implied volatility averaged 14.9%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 12.1% (HV 20d: 2.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 27.71.

Notable Days

  • 2025-12-26: Highest Volume — 1,288 contracts
  • 2025-12-31: Largest IV spike — 87.0% change
  • 2025-12-09: Highest IV Rank — 7.5%
  • 2025-12-26: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.77$31.66$31.95$31.76$31.73
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV14.9%9.8%20.4%15.6%18.3%
Expected Move3.9%2.8%5.7%4.5%5.3%
HV 20d2.9%1.8%3.8%1.8%3.5%
HV 60d44.0%37.5%49.4%49.4%37.5%
IV Rank4.7%2.2%7.5%5.1%6.4%
IV Percentile11.1%5.2%19.0%9.5%18.3%
Term Structure10.6%-8.1%31.7%1.4%-8.1%
VWIV32.0%10.8%166.8%14.9%17.3%
Skew 25d67.3%6.7%198.8%180.8%14.3%
Skew 10d84.5%-14.1%276.4%249.2%7.4%
Call IV 25d32.0%9.5%91.4%68.1%15.3%
Put IV 25d99.3%19.9%275.7%248.9%29.6%
Bid-Ask Spread %91.7327.86119.69119.6956.18
Gamma HHI0.770.530.880.740.77
Net GEX-362.6K-481.8K-258.4K-369.9K-343.0K
Net DEX-237.1K-1.3M1.7M946.1K-854.9K
Net VEX-24.4K-38.6K-19.0K-25.2K-23.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio27.710.00224.00224.0054.82
Total Volume188.18201,288225614
Total OI9,3968,45310,9798,45310,979

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$31.76$30.0015.6%4.5%1.8%5.1%14.9%180.8%1.4%-369.9K946.1K-25.2K224.00119.69N/AN/A12241,5176,936
2025-12-02$31.82$30.0013.1%3.8%1.9%3.8%0.0%179.0%0.2%-426.8K570.0K-21.6K1.04118.46N/AN/A2042121,5187,160
2025-12-03$31.81$30.0013.6%3.9%1.9%4.1%0.0%184.3%-7.7%-428.7K94.0K-21.5K0.00118.46N/AN/A041,6627,372
2025-12-04$31.77$30.0016.9%3.2%2.0%5.7%10.8%10.3%-3.1%-481.8K-150.7K-19.0K0.0097.53N/AN/A32401,6627,372
2025-12-05$31.84$30.0017.0%3.4%2.1%5.8%0.0%10.2%-4.9%-375.1K-955.3K-21.8K0.0097.49N/AN/A001,9757,372
2025-12-08$31.89$30.0018.8%3.4%2.1%6.7%11.5%179.8%15.5%-358.2K-732.3K-22.2K5.2597.33N/AN/A4211,9757,372
2025-12-09$31.82$30.0020.4%3.6%2.2%7.5%12.3%11.0%15.5%-408.7K-736.5K-21.8K0.4397.82N/AN/A23101,9757,361
2025-12-10$31.84$30.0012.1%3.5%2.2%3.4%0.0%182.8%19.1%-259.2K1.3M-37.9K0.0097.27N/AN/A001,9987,361
2025-12-11$31.86$30.0013.1%3.7%2.2%3.8%0.0%11.2%14.1%-397.2K-913.5K-21.5K0.0097.63N/AN/A041,9987,361
2025-12-12$31.88$30.0013.2%3.8%2.2%3.9%0.0%189.6%14.2%-379.6K-895.0K-21.5K0.0097.47N/AN/A001,9987,361
2025-12-15$31.95$30.0012.3%3.5%2.2%3.5%166.8%198.8%-6.2%-358.5K-897.2K-21.4K0.0097.03N/AN/A101,9987,361
2025-12-16$31.69$30.0013.6%3.9%3.8%4.1%13.3%11.2%13.8%-374.7K-468.7K-23.0K0.0089.51N/AN/A701,9667,361
2025-12-17$31.70$30.0016.4%4.7%3.8%5.5%18.7%8.7%8.6%-375.7K-357.4K-23.5K0.0090.60N/AN/A101,9597,361
2025-12-18$31.70$30.0014.1%4.0%3.7%4.3%0.0%11.8%-3.0%-371.9K-436.9K-22.8K0.0089.69N/AN/A001,9607,361
2025-12-19$31.68$30.0013.9%4.0%3.7%4.3%13.3%12.3%25.0%-370.5K-342.2K-22.8K0.0089.88N/AN/A301,9607,361
2025-12-22$31.70$30.0014.1%4.1%3.7%4.4%0.0%13.2%25.4%-272.6K1.7M-38.6K0.0088.87N/AN/A2001,9087,291
2025-12-23$31.68$30.0011.8%3.4%3.7%3.2%0.0%15.6%31.7%-258.4K1.6M-38.0K0.0088.82N/AN/A10201,9287,291
2025-12-24$31.69$30.0014.8%4.2%3.7%4.7%13.6%14.3%26.3%-334.8K-697.1K-24.4K0.8989.12N/AN/A35312,0307,291
2025-12-26$31.66$30.0019.8%5.7%3.5%7.2%77.6%18.6%25.9%-342.2K-630.8K-25.0K127.8089.19N/AN/A101,2782,0557,297
2025-12-29$31.69$30.0015.5%4.5%3.6%5.1%14.2%16.5%28.9%-368.1K-1.0M-20.2K1.4782.21N/AN/A4076002,0557,959
2025-12-30$31.73$30.009.8%2.8%3.5%2.2%0.0%6.7%1.2%-320.5K-1.3M-20.2K0.0027.86N/AN/A002,3158,359
2025-12-31$31.73$30.0018.3%5.3%3.5%6.4%17.3%14.3%-8.1%-343.0K-854.9K-23.0K54.8256.18N/AN/A116032,3658,614