HLIT Options History — February 2008

In February 2008, HLIT traded between $8.80 and $10.76. ATM implied volatility averaged 46.8%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 17.4% (HV 20d: 64.3%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2008-02-26: Highest Volume — 2,077 contracts
  • 2008-02-21: Largest IV drop — 22.6% change
  • 2008-02-19: Highest IV Rank — 48.6%
  • 2008-02-05: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.33$8.80$10.76$10.76$8.91
Max Pain$9.75$7.50$10.00$10.00$10.00
ATM IV46.8%36.1%54.3%50.8%50.1%
Expected Move14.1%11.7%16.1%14.6%14.4%
HV 20d64.3%44.4%69.5%64.6%44.4%
HV 60d52.7%49.6%55.5%53.4%49.8%
IV Rank35.4%17.3%48.6%42.7%38.5%
IV Percentile47.5%7.5%78.2%64.7%61.1%
Term Structure2.0%-2.1%6.8%2.5%-2.0%
VWIV50.4%42.7%56.5%50.7%51.2%
Skew 25d4.5%-12.5%17.2%13.1%-12.5%
Skew 10d10.9%-12.1%30.1%30.1%-12.1%
Call IV 25d48.0%37.1%56.9%37.1%50.1%
Put IV 25d52.5%37.5%59.8%50.2%37.6%
Bid-Ask Spread %24.4312.8235.9120.7112.82
Gamma HHI0.600.470.710.530.47
Net GEX78.9K48.9K111.3K93.9K48.9K
Net DEX-1.4M-7.5M2.3M-7.5M-910.5K
Net VEX-11.3K-17.1K-8.0K-17.0K-10.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.007.580.250.00
Total Volume405.95842,077500125
Total OI14,549.28,12019,31118,36810,739

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$10.76$10.0050.8%14.6%64.6%42.7%50.7%13.1%2.5%93.9K-7.5M-17.0K0.2520.71N/AN/A40010012,3486,020
2008-02-04$10.50$10.0048.3%15.0%62.7%38.3%52.1%-5.6%-0.5%99.6K-6.7M-16.8K0.1021.79N/AN/A1491512,4916,100
2008-02-05$10.32$10.0048.8%16.1%63.1%39.2%56.5%7.6%-2.1%98.6K-5.6M-17.1K0.0018.44N/AN/A285012,5066,115
2008-02-06$9.58$10.0051.8%14.6%68.4%44.3%50.8%2.0%3.1%90.3K-1.3M-16.0K0.0535.91N/AN/A1,2977012,5346,115
2008-02-07$9.44$10.0041.4%14.2%68.0%26.4%49.4%17.2%5.7%93.3K263.0K-14.0K0.0922.58N/AN/A5624912,8426,149
2008-02-08$9.43$10.0036.1%14.4%68.0%17.3%50.3%15.2%0.1%102.4K548.0K-13.1K0.2631.25N/AN/A782013,0256,108
2008-02-11$9.51$10.0043.1%14.5%67.1%29.4%0.0%14.3%0.8%111.3K-429.3K-13.2K0.0425.72N/AN/A2991313,0536,098
2008-02-12$9.02$10.0049.5%14.7%67.4%40.4%55.1%6.3%1.5%65.4K2.3M-8.8K0.3332.99N/AN/A1655413,1986,110
2008-02-13$9.41$10.0039.9%14.0%68.1%23.8%49.0%7.0%0.3%101.0K1.5M-10.1K0.0023.07N/AN/A432213,2916,020
2008-02-14$8.96$7.5048.3%13.9%69.5%38.3%48.2%8.2%2.7%67.9K2.2M-8.7K0.0232.26N/AN/A220513,1715,967
2008-02-15$8.86$7.5052.7%15.1%69.0%45.8%52.7%5.4%4.1%63.9K2.2M-8.8K0.3818.48N/AN/A31411913,2875,953
2008-02-19$9.00$10.0054.3%15.6%69.2%48.6%54.7%1.3%0.6%66.7K-2.0M-8.7K0.0526.81N/AN/A317157,0841,036
2008-02-20$8.97$10.0052.8%15.1%68.5%46.1%53.2%4.9%0.3%70.2K-1.9M-8.5K0.0024.69N/AN/A15807,2081,038
2008-02-21$8.80$10.0040.8%11.7%67.3%25.4%48.9%2.6%4.9%68.9K-1.8M-8.4K0.0731.57N/AN/A274207,3111,038
2008-02-22$8.90$10.0048.3%13.8%63.9%38.3%48.6%-3.0%4.5%72.2K-2.0M-8.7K0.0029.72N/AN/A8407,5231,058
2008-02-25$8.94$10.0049.4%14.1%63.6%40.1%56.1%9.1%3.4%74.4K-2.0M-8.4K0.0028.59N/AN/A9707,5071,058
2008-02-26$9.19$10.0043.5%12.5%63.8%30.1%44.9%-6.0%0.3%86.6K-2.2M-8.0K7.5816.20N/AN/A2421,8357,5881,058
2008-02-27$9.00$10.0043.2%12.4%64.1%29.5%43.2%10.0%6.8%49.0K-994.7K-10.4K0.1022.11N/AN/A193207,6962,863
2008-02-28$9.14$10.0043.2%12.4%44.5%26.1%42.7%-6.4%3.2%53.6K-1.2M-10.6K0.1213.02N/AN/A81107,8092,869
2008-02-29$8.91$10.0050.1%14.4%44.4%38.5%51.2%-12.5%-2.0%48.9K-910.5K-10.1K0.0012.82N/AN/A12507,8702,869