HI Options History — January 2026

In January 2026, HI traded between $31.73 and $31.88. ATM implied volatility averaged 36.4%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 34.0% (HV 20d: 2.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 12.96.

Notable Days

  • 2026-01-06: Highest Volume — 275 contracts
  • 2026-01-12: Largest IV spike — 84.4% change
  • 2026-01-29: Highest IV Rank — 23.2%
  • 2026-01-12: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.83$31.73$31.88$31.73$31.88
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV36.4%13.5%52.2%19.6%13.5%
Expected Move11.6%2.6%17.0%5.6%3.9%
HV 20d2.4%1.5%3.6%3.5%1.5%
HV 60d12.5%2.4%36.9%36.9%2.4%
IV Rank15.4%4.1%23.2%7.1%4.1%
IV Percentile26.0%10.7%36.1%20.2%10.7%
Term Structure9.8%-11.7%41.3%-9.2%1.0%
VWIV59.4%8.7%225.4%18.6%34.9%
Skew 25d59.0%7.6%86.4%16.5%9.0%
Skew 10d63.2%2.1%106.1%9.4%2.1%
Call IV 25d10.5%8.3%16.4%16.4%13.1%
Put IV 25d69.5%16.3%98.2%32.9%22.1%
Bid-Ask Spread %93.9452.26125.0754.7652.26
Gamma HHI0.640.460.800.800.77
Net GEX-267.8K-334.3K-196.2K-328.5K-334.3K
Net DEX182.0K-1.5M1.9M-1.2M-623.7K
Net VEX-26.5K-37.4K-17.2K-19.9K-18.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.960.00121.000.007.17
Total Volume73.5502752245
Total OI10,285.49,13211,22710,9749,610

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$31.73$30.0019.6%5.6%3.5%7.1%18.6%16.5%-9.2%-328.5K-1.2M-19.9K0.0054.76N/AN/A202,3678,607
2026-01-05$31.73$30.0017.9%2.6%3.4%6.2%0.0%7.6%2.2%-331.6K-865.7K-21.9K36.00102.87N/AN/A2722,3668,607
2026-01-06$31.84$30.0022.1%10.8%3.6%8.3%0.0%57.2%2.7%-313.6K-1.3M-20.6K0.00118.36N/AN/A27502,3648,638
2026-01-07$31.81$30.0018.9%2.6%3.5%6.7%0.0%7.8%1.3%-312.1K-1.5M-17.7K0.01111.44N/AN/A20732,5898,638
2026-01-08$31.82$30.0023.1%16.3%3.5%8.8%0.0%63.3%-11.7%-220.6K1.4M-37.3K1.30125.07N/AN/A10132,4518,637
2026-01-09$31.79$30.0020.2%11.1%3.5%7.4%0.0%58.0%3.6%-307.6K-644.0K-21.9K0.00104.41N/AN/A0152,4618,637
2026-01-12$31.82$30.0037.2%17.0%3.5%15.8%0.0%55.5%-10.9%-222.8K1.4M-37.4K0.00112.87N/AN/A302,4618,653
2026-01-13$31.81$30.0033.0%11.7%3.5%13.7%0.0%65.4%27.5%-206.9K1.2M-34.5K0.00112.79N/AN/A302,4608,653
2026-01-14$31.82$30.0041.2%11.8%3.4%17.8%0.0%66.4%2.6%-309.1K-1.1M-19.6K0.00113.98N/AN/A062,4568,653
2026-01-15$31.82$30.0041.8%12.0%1.6%18.1%0.0%67.2%0.1%-200.0K1.3M-36.0K0.00113.09N/AN/A002,4568,647
2026-01-16$31.82$30.0042.4%12.1%1.6%18.4%9.3%68.9%28.6%-202.5K1.2M-34.2K0.00108.66N/AN/A1802,4568,647
2026-01-20$31.82$30.0045.1%12.9%1.6%19.7%0.0%73.6%7.7%-197.9K1.4M-34.0K0.0083.42N/AN/A01051,9767,156
2026-01-21$31.82$30.0051.8%14.8%1.6%23.0%0.0%75.8%26.0%-205.4K1.5M-34.4K0.0097.15N/AN/A001,9767,258
2026-01-22$31.84$30.0051.3%14.7%1.6%22.8%0.0%76.9%19.9%-199.7K1.6M-36.2K0.0082.58N/AN/A0251,9767,258
2026-01-23$31.88$30.0046.9%13.5%1.6%20.6%0.0%76.3%6.8%-315.5K-511.7K-17.3K0.0092.85N/AN/A001,9767,283
2026-01-26$31.87$30.0049.0%14.0%1.6%21.7%8.7%81.5%40.7%-196.2K1.9M-34.3K0.0079.22N/AN/A501,9767,283
2026-01-27$31.87$30.0050.1%14.4%1.5%22.2%225.4%82.6%8.3%-319.9K-457.3K-18.6K0.8079.31N/AN/A99791,9817,283
2026-01-28$31.88$30.0051.0%14.6%1.5%22.7%0.0%84.7%41.3%-316.8K-622.3K-17.2K2.2466.86N/AN/A501122,0807,244
2026-01-29$31.88$30.0052.2%15.0%1.5%23.2%0.0%86.4%7.3%-315.2K-605.5K-18.5K121.0066.82N/AN/A11212,1307,358
2026-01-30$31.88$30.0013.5%3.9%1.5%4.1%34.9%9.0%1.0%-334.3K-623.7K-18.4K7.1752.26N/AN/A302152,1317,479