HIVE Options History — March 2024

In March 2024, HIVE traded between $2.95 and $3.85. ATM implied volatility averaged 121.0%, placing in the 48.0% IV rank vs the trailing year. The 30-day expected move averaged 34.1%. IV traded above realized volatility by 32.5% (HV 20d: 88.5%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.36.

Notable Days

  • 2024-03-04: Highest Volume — 11,381 contracts
  • 2024-03-04: Largest IV drop — 17.9% change
  • 2024-03-01: Highest IV Rank — 89.4%
  • 2024-03-06: Largest Expected Move — 37.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.24$2.95$3.85$3.85$3.33
Max Pain$4.33$4.00$4.50$4.50$4.00
ATM IV121.0%108.0%162.4%162.4%111.9%
Expected Move34.1%30.6%37.8%37.1%30.6%
HV 20d88.5%63.6%108.9%105.3%63.6%
HV 60d97.8%82.2%110.2%108.9%82.4%
IV Rank48.0%35.0%89.4%89.4%38.9%
IV Percentile79.5%69.0%99.2%99.2%71.4%
Term Structure0.2%-26.6%18.6%-21.2%9.0%
VWIV120.7%106.0%133.3%131.7%106.1%
Skew 25d2.9%-35.0%115.4%-10.1%-6.7%
Skew 10d19.3%-24.7%194.0%1.7%0.6%
Call IV 25d124.2%108.3%139.0%130.2%121.4%
Put IV 25d127.1%87.9%254.4%120.1%114.8%
Bid-Ask Spread %44.7429.2565.0441.9031.01
Gamma HHI0.200.160.480.160.20
Net GEX58.3K-97.2K103.5K103.5K68.5K
Net DEX-5.5M-10.9M-2.0M-10.9M-6.7M
Net VEX-76.3K-95.0K-63.1K-95.0K-75.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.031.420.090.35
Total Volume3,099.21,03211,3811,8764,832
Total OI129,622.9104,381149,922142,134111,854

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$3.85$4.50162.4%37.1%105.3%89.4%131.7%-10.1%-21.2%103.5K-10.9M-95.0K0.0941.90N/AN/A1,723153115,90226,232
2024-03-04$3.58$4.00133.4%36.9%107.9%60.4%133.2%4.8%-4.9%90.3K-8.8M-89.1K0.4343.54N/AN/A7,9443,437113,14525,346
2024-03-05$3.40$4.50113.5%37.6%108.7%40.4%132.0%-28.6%6.1%80.8K-6.5M-85.0K0.1937.31N/AN/A2,942549115,80328,554
2024-03-06$3.46$4.50132.6%37.8%108.6%59.6%129.0%3.0%4.6%87.0K-6.9M-85.8K1.4244.25N/AN/A1,3451,912116,96528,926
2024-03-07$3.40$4.50120.3%36.1%108.9%47.3%128.0%15.4%18.6%76.5K-5.1M-85.5K0.2140.57N/AN/A2,183457117,00130,612
2024-03-08$3.42$4.50128.2%36.4%105.5%55.2%133.3%12.2%4.8%71.6K-5.4M-84.6K0.0337.13N/AN/A6,862233117,51830,926
2024-03-11$3.17$4.50122.3%35.6%105.3%49.3%129.6%115.4%6.2%68.0K-4.0M-78.3K0.2245.95N/AN/A2,094468118,90929,428
2024-03-12$3.13$4.50120.8%34.7%100.9%47.8%123.8%-13.1%2.3%60.1K-3.7M-76.0K0.3850.11N/AN/A1,560600119,73328,551
2024-03-13$3.13$4.50120.8%34.2%98.7%47.8%124.8%15.9%-1.6%67.2K-3.7M-74.1K0.1949.66N/AN/A1,097206119,93828,721
2024-03-14$2.95$4.50116.9%34.0%77.9%43.9%118.5%-14.4%2.1%18.5K-2.0M-67.0K0.1665.04N/AN/A1,407224120,12228,833
2024-03-15$3.04$4.50121.5%32.9%76.8%48.5%120.4%-35.0%-10.5%-97.2K-3.0M-71.2K0.8453.21N/AN/A1,5271,289120,97728,945
2024-03-18$2.96$4.50116.1%32.8%76.8%43.2%113.7%-6.3%0.6%52.5K-4.5M-63.7K0.5237.32N/AN/A2,2241,16787,91916,462
2024-03-19$2.95$4.50116.3%33.4%77.0%43.3%116.9%-0.5%-26.6%52.6K-4.1M-63.1K0.1252.95N/AN/A1,39916288,90817,369
2024-03-20$3.21$4.50108.0%31.0%83.9%35.0%106.0%4.7%7.6%64.7K-5.7M-74.1K0.1355.16N/AN/A1,79524189,42417,482
2024-03-21$3.13$4.00116.0%33.3%83.6%43.0%117.1%-11.6%-0.2%60.6K-5.9M-73.0K0.1251.65N/AN/A3,64242890,87317,647
2024-03-22$3.04$4.00113.4%32.4%80.5%40.4%117.1%-0.2%0.4%47.8K-5.1M-67.7K0.4756.80N/AN/A84539793,22818,044
2024-03-25$3.17$4.00115.3%32.0%68.3%42.3%110.7%0.1%8.3%67.0K-5.9M-71.9K0.4441.79N/AN/A1,73276692,04617,504
2024-03-26$3.17$4.00117.5%31.4%67.7%44.4%113.0%3.2%-1.9%62.0K-6.2M-73.1K0.4830.24N/AN/A75235892,93418,232
2024-03-27$3.25$4.00113.6%32.1%64.4%40.6%108.4%8.9%-0.0%63.5K-6.4M-72.3K0.3629.25N/AN/A75727593,00218,443
2024-03-28$3.33$4.00111.9%30.6%63.6%38.9%106.1%-6.7%9.0%68.5K-6.7M-75.3K0.3531.01N/AN/A3,5691,26393,29718,557