HLIT Options History — April 2008

In April 2008, HLIT traded between $7.58 and $8.59. ATM implied volatility averaged 55.8%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 13.3% (HV 20d: 42.5%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 2.29.

Notable Days

  • 2008-04-21: Highest Volume — 8,350 contracts
  • 2008-04-24: Largest IV drop — 56.6% change
  • 2008-04-22: Highest IV Rank — 99.5%
  • 2008-04-22: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.08$7.58$8.59$7.93$8.27
Max Pain$8.52$7.50$10.00$10.00$10.00
ATM IV55.8%34.0%83.8%58.7%36.8%
Expected Move16.0%9.8%24.0%16.8%10.5%
HV 20d42.5%40.0%47.6%40.9%41.8%
HV 60d50.4%44.7%52.8%52.8%44.7%
IV Rank48.9%9.4%99.5%54.2%14.4%
IV Percentile64.8%2.8%99.6%80.2%7.1%
Term Structure-2.1%-17.6%12.2%-1.1%0.6%
VWIV56.3%28.7%82.8%58.3%46.7%
Skew 25d2.1%-23.2%29.8%28.3%-9.4%
Skew 10d14.9%-25.6%95.9%76.2%32.3%
Call IV 25d55.1%36.1%78.8%48.9%36.1%
Put IV 25d57.2%26.8%81.4%77.2%26.8%
Bid-Ask Spread %17.625.8731.0013.405.87
Gamma HHI0.480.400.690.420.68
Net GEX6.1K-67.2K39.8K23.7K-65.1K
Net DEX606.2K-1.6M3.3M314.2K3.3M
Net VEX-7.5K-13.4K-5.1K-5.7K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.290.0024.460.140.21
Total Volume1,2231018,350217730
Total OI12,619.8185,16019,25810,63319,258

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$7.93$10.0058.7%16.8%40.9%54.2%58.3%28.3%-1.1%23.7K314.2K-5.7K0.1413.40N/AN/A191267,6103,023
2008-04-02$7.89$10.0057.8%16.6%40.8%52.4%57.8%29.8%3.2%24.0K294.3K-5.4K0.0013.78N/AN/A27007,7683,002
2008-04-03$8.03$10.0050.2%14.4%41.4%38.8%50.4%4.7%12.2%25.1K135.7K-5.6K0.6910.95N/AN/A1951357,9303,002
2008-04-04$8.01$7.5056.8%16.3%41.0%50.7%0.0%-5.2%-0.8%26.8K159.9K-5.5K0.5018.08N/AN/A151757,9652,927
2008-04-07$7.84$7.5053.8%16.5%41.6%45.3%57.6%-3.3%-4.5%27.8K219.4K-5.3K0.8026.12N/AN/A56458,1052,880
2008-04-08$7.96$7.5060.7%16.5%41.7%57.8%57.7%18.2%-3.7%28.7K162.1K-5.4K0.0031.00N/AN/A23508,1502,914
2008-04-09$7.80$7.5054.0%15.8%42.3%45.7%61.2%-5.2%-0.8%28.5K249.2K-5.3K0.0326.56N/AN/A10038,2112,914
2008-04-10$7.75$7.5056.6%16.2%41.7%50.4%57.4%-6.2%-4.3%29.0K255.7K-5.1K0.1828.66N/AN/A238428,2422,851
2008-04-11$7.58$7.5060.8%17.4%42.3%57.8%60.8%10.3%-6.4%30.6K339.2K-5.3K0.0212.41N/AN/A19938,4642,871
2008-04-14$7.59$7.5063.0%18.1%40.8%61.8%63.7%3.0%-9.0%34.5K259.7K-5.2K0.0530.47N/AN/A266138,5672,868
2008-04-15$7.65$7.5062.5%17.9%40.0%60.9%62.5%4.4%-8.1%39.8K169.2K-5.2K0.0025.50N/AN/A54908,6902,871
2008-04-16$8.13$7.5062.0%17.8%45.7%60.1%0.0%9.3%-4.2%32.4K-594.4K-6.1K0.0022.27N/AN/A33409,1502,871
2008-04-17$7.98$7.5060.3%17.3%41.0%56.9%69.9%-4.9%-2.5%35.9K-555.9K-6.3K0.0019.73N/AN/A13309,3422,871
2008-04-18$8.43$7.5057.9%16.6%45.3%52.6%59.0%0.6%5.7%35.2K-855.8K-6.5K0.0526.90N/AN/A663369,4032,871
2008-04-21$8.32$7.5071.4%20.5%44.2%77.1%71.4%0.2%-9.4%36.1K-1.6M-6.5K24.4622.85N/AN/A3288,0224,603557
2008-04-22$8.10$7.5083.8%24.0%45.3%99.5%82.8%2.6%-17.6%33.7K-1.4M-6.4K0.5118.09N/AN/A5602844,603557
2008-04-23$8.53$10.0079.5%22.8%47.6%91.6%82.1%6.0%-12.8%-67.2K1.8M-12.5K1.6210.96N/AN/A2,4483,9665,2038,833
2008-04-24$8.54$10.0034.4%9.9%42.8%10.2%28.7%-23.2%6.3%-59.7K2.6M-12.2K8.325.92N/AN/A6215,1667,26011,313
2008-04-25$8.59$10.0036.3%10.4%42.7%13.6%36.2%-22.6%3.0%-58.0K2.6M-13.4K0.265.91N/AN/A127337,53111,421
2008-04-28$8.53$10.0036.9%10.6%42.9%14.7%30.5%3.3%2.1%-52.2K2.7M-12.4K0.165.95N/AN/A146237,61111,421
2008-04-29$8.34$10.0034.0%9.8%41.7%9.4%30.4%5.5%6.7%-54.3K3.0M-11.6K12.356.24N/AN/A374577,71111,421
2008-04-30$8.27$10.0036.8%10.5%41.8%14.4%46.7%-9.4%0.6%-65.1K3.3M-11.8K0.215.87N/AN/A6051257,73611,522