HLIT Options History — May 2008

In May 2008, HLIT traded between $7.71 and $9.62. ATM implied volatility averaged 37.6%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 1.2% (HV 20d: 38.8%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2008-05-08: Highest Volume — 3,537 contracts
  • 2008-05-08: Largest IV drop — 30.6% change
  • 2008-05-01: Highest IV Rank — 37.2%
  • 2008-05-01: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.48$7.71$9.62$8.15$9.62
Max Pain$7.74$7.50$10.00$10.00$7.50
ATM IV37.6%23.9%49.4%49.4%38.0%
Expected Move11.7%9.0%14.2%14.2%10.9%
HV 20d38.8%33.9%44.1%41.8%34.4%
HV 60d41.3%38.7%44.7%44.7%39.3%
IV Rank21.2%0.0%37.2%37.2%23.5%
IV Percentile14.3%0.0%50.8%50.8%12.3%
Term Structure3.2%-4.1%19.0%-4.1%0.5%
VWIV39.0%29.7%48.2%39.6%38.0%
Skew 25d5.1%-16.4%71.7%9.5%71.7%
Skew 10d14.7%-16.0%99.5%65.9%99.5%
Call IV 25d38.2%26.9%48.5%39.3%37.1%
Put IV 25d43.3%24.1%108.8%48.8%108.8%
Bid-Ask Spread %12.704.4722.6821.8013.67
Gamma HHI0.720.450.950.770.47
Net GEX25.6K-117.5K98.5K-73.3K69.5K
Net DEX-1.8M-7.9M4.3M3.5M-7.9M
Net VEX-12.9K-15.0K-9.2K-12.1K-14.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.002.951.900.01
Total Volume817.667703,5371682,307
Total OI18,441.85713,68824,43019,34415,325

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$8.15$10.0049.4%14.2%41.8%37.2%0.0%9.5%-4.1%-73.3K3.5M-12.1K1.9021.80N/AN/A581107,82311,521
2008-05-02$7.86$10.0039.7%11.4%43.9%19.8%39.6%-3.6%6.8%-98.5K3.9M-11.3K0.1622.68N/AN/A322507,88111,617
2008-05-05$7.76$7.5046.1%13.8%43.4%31.3%48.2%-1.7%-1.8%-106.8K4.2M-11.2K1.1210.89N/AN/A58658,09811,569
2008-05-06$7.71$7.5044.4%13.7%43.1%28.2%47.9%9.7%-0.9%-117.5K4.3M-11.0K2.959.07N/AN/A4431,3068,14611,617
2008-05-07$7.97$7.5036.6%13.1%44.1%14.1%45.5%13.6%1.9%-92.1K3.1M-10.6K1.748.49N/AN/A43758,15911,117
2008-05-08$8.00$7.5025.4%11.5%44.1%0.0%40.0%18.1%4.2%-52.1K2.4M-9.2K0.018.20N/AN/A3,505328,19110,922
2008-05-09$7.90$7.5023.9%11.7%43.5%0.0%0.0%-5.4%3.9%-44.2K1.2M-12.2K0.0110.99N/AN/A75110,77610,912
2008-05-12$8.02$7.5027.6%11.2%43.7%6.1%39.1%-1.6%4.1%31.8K886.6K-11.4K0.0114.54N/AN/A1,9392110,83310,912
2008-05-13$8.00$7.5032.7%11.6%43.7%14.7%0.0%8.9%1.8%57.4K-30.7K-13.1K0.0012.49N/AN/A162012,63210,912
2008-05-14$8.07$7.5037.8%10.7%38.0%23.2%37.2%6.5%4.7%83.2K-364.7K-12.7K0.0317.06N/AN/A1,0203212,75810,912
2008-05-15$8.17$7.5038.4%11.0%37.6%24.2%35.7%7.7%3.6%98.5K-930.6K-13.4K0.2012.48N/AN/A1192413,45810,944
2008-05-16$8.54$7.5041.0%11.8%35.8%28.5%29.8%10.2%5.4%93.5K-1.7M-13.8K0.034.47N/AN/A1,2783613,47410,956
2008-05-19$8.68$7.5031.6%9.0%35.8%12.8%38.6%-16.4%3.9%92.2K-5.4M-13.9K0.045.86N/AN/A2761111,1232,565
2008-05-20$8.74$7.5036.1%10.3%34.1%20.3%29.7%3.5%19.0%93.5K-5.5M-14.4K0.115.30N/AN/A3253511,2642,564
2008-05-21$9.21$7.5041.3%11.8%34.3%29.0%37.5%-10.1%3.1%76.2K-6.6M-13.8K0.159.30N/AN/A1,12717411,3512,579
2008-05-22$9.15$7.5040.5%11.6%34.5%27.7%40.2%6.5%2.7%78.0K-6.5M-14.3K0.0514.10N/AN/A7814111,5752,660
2008-05-23$8.97$7.5038.9%11.2%35.4%25.0%0.0%-5.9%2.8%88.7K-6.2M-14.8K0.0021.56N/AN/A707211,9642,696
2008-05-27$9.09$7.5039.3%11.3%35.4%25.6%0.0%-9.0%3.1%88.8K-6.7M-15.0K0.1921.64N/AN/A1182212,3862,695
2008-05-28$9.17$7.5041.9%12.0%34.2%29.9%0.0%3.2%-0.4%89.7K-6.8M-14.8K0.0010.55N/AN/A70012,4742,717
2008-05-29$9.30$7.5038.8%11.1%33.9%24.7%38.6%-7.4%3.5%81.7K-7.2M-14.5K2.7811.53N/AN/A10629512,4842,717
2008-05-30$9.62$7.5038.0%10.9%34.4%23.5%38.0%71.7%0.5%69.5K-7.9M-14.1K0.0113.67N/AN/A2,2822512,4582,867