HIVE Options History — May 2023

In May 2023, HIVE traded between $2.85 and $3.25. ATM implied volatility averaged 93.0%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 20.3% (HV 20d: 72.6%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.91.

Notable Days

  • 2023-05-12: Highest Volume — 2,261 contracts
  • 2023-05-09: Largest IV spike — 18.8% change
  • 2023-05-30: Highest IV Rank — 21.4%
  • 2023-05-30: Largest Expected Move — 29.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.07$2.85$3.25$3.08$3.25
Max Pain$3.64$3.00$4.00$4.00$4.00
ATM IV93.0%81.8%101.5%92.7%99.5%
Expected Move26.8%24.0%29.1%26.6%28.5%
HV 20d72.6%58.5%87.0%86.9%59.3%
HV 60d85.2%82.4%90.2%90.2%83.2%
IV Rank19.4%16.7%21.4%19.3%20.9%
IV Percentile15.7%3.6%31.7%13.5%28.2%
Term Structure1.9%-29.4%19.4%-1.9%13.0%
VWIV91.8%79.9%102.8%91.4%98.2%
Skew 25d1.3%-24.4%26.6%25.7%19.2%
Skew 10d14.1%-47.6%73.1%36.4%73.1%
Call IV 25d89.1%60.6%110.1%65.8%105.5%
Put IV 25d90.4%76.8%124.7%91.5%124.7%
Bid-Ask Spread %29.5415.6055.8935.2016.12
Gamma HHI0.210.190.270.200.20
Net GEX12.5K4.1K20.5K11.9K16.7K
Net DEX-1.3M-1.8M-829.2K-1.0M-1.8M
Net VEX-16.3K-17.3K-14.6K-15.2K-17.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.028.150.510.02
Total Volume639.5911182,261742166
Total OI30,191.40926,99133,78126,99130,650

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$3.08$4.0092.7%26.6%86.9%19.3%91.4%25.7%-1.9%11.9K-1.0M-15.2K0.5135.20N/AN/A49324920,8436,148
2023-05-02$3.13$4.0088.0%25.2%86.2%18.2%88.1%26.3%6.9%10.8K-1.4M-16.3K0.1055.89N/AN/A7867720,8136,373
2023-05-03$3.04$4.0089.2%25.6%86.0%18.5%89.2%9.6%5.8%10.1K-1.2M-16.2K2.6148.98N/AN/A389921,1846,430
2023-05-04$3.01$3.0096.9%27.2%85.1%20.3%96.1%-16.7%6.1%10.0K-1.1M-15.4K0.9722.18N/AN/A23422621,2126,519
2023-05-05$3.17$3.0089.8%27.5%87.0%18.6%89.0%3.1%-14.1%11.1K-1.3M-16.6K0.0347.76N/AN/A4651621,2536,725
2023-05-08$3.08$3.0081.8%26.4%82.8%16.7%90.7%-7.8%19.4%8.5K-936.3K-14.6K0.1531.29N/AN/A1031521,5726,780
2023-05-09$3.10$3.0097.3%26.5%77.3%20.4%87.5%-2.7%3.3%9.8K-1.1M-15.5K0.0653.79N/AN/A2,12113121,5826,784
2023-05-10$3.16$3.0091.6%26.3%77.6%19.0%90.6%-5.8%5.3%12.1K-1.4M-16.7K0.1635.67N/AN/A5058323,7256,930
2023-05-11$2.95$3.0087.6%25.1%69.1%18.1%89.0%-14.1%11.5%9.2K-909.6K-15.6K0.3318.65N/AN/A32710723,8346,884
2023-05-12$2.85$3.0092.7%26.6%69.1%19.3%92.1%-20.4%-8.9%9.6K-829.2K-15.3K0.0720.36N/AN/A2,12213923,9976,924
2023-05-15$3.08$3.0086.5%24.8%75.4%17.8%82.3%-12.7%4.9%11.4K-1.2M-16.4K8.1535.14N/AN/A11291326,0296,903
2023-05-16$3.00$4.0089.9%25.8%73.7%18.6%83.2%-10.8%6.7%8.1K-1.1M-16.7K2.5820.49N/AN/A14236726,1137,420
2023-05-17$3.15$4.0099.0%28.4%73.7%20.8%94.6%8.8%-1.2%11.9K-1.3M-17.3K0.0324.12N/AN/A4631226,0307,615
2023-05-18$3.10$4.0098.7%28.3%65.4%20.7%99.9%-9.1%0.5%4.1K-1.2M-17.3K0.8729.57N/AN/A12310726,1647,617
2023-05-19$3.06$4.0093.5%26.8%64.2%19.5%98.0%26.6%13.5%19.1K-1.3M-17.0K0.4417.88N/AN/A32614526,1127,551
2023-05-22$3.17$4.0095.0%27.2%65.4%19.8%92.4%2.0%-29.4%20.5K-1.7M-17.2K0.3415.60N/AN/A80627024,2535,104
2023-05-23$3.06$4.0092.5%26.5%66.5%19.2%79.9%26.6%1.6%17.5K-1.5M-16.6K0.7522.97N/AN/A25018824,3695,351
2023-05-24$3.00$4.0083.6%24.0%63.2%17.1%83.6%24.6%18.7%14.2K-1.3M-15.7K0.6626.10N/AN/A15910524,3455,506
2023-05-25$2.99$4.0098.3%28.2%62.5%20.6%99.1%-24.4%-6.2%15.5K-1.3M-16.2K0.5127.34N/AN/A1819224,3945,603
2023-05-26$3.00$4.0099.4%28.5%62.5%20.9%101.0%-6.0%3.2%16.0K-1.4M-16.4K0.0623.82N/AN/A2051324,5445,669
2023-05-30$3.15$4.00101.5%29.1%58.5%21.4%102.8%-13.2%-16.1%17.1K-1.6M-16.8K0.7120.98N/AN/A34624424,6765,681
2023-05-31$3.25$4.0099.5%28.5%59.3%20.9%98.2%19.2%13.0%16.7K-1.8M-17.3K0.0216.12N/AN/A162424,7685,882