HLIT Options History — July 2008

In July 2008, HLIT traded between $7.68 and $9.68. ATM implied volatility averaged 47.7%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 8.1% (HV 20d: 39.6%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2008-07-29: Highest Volume — 3,990 contracts
  • 2008-07-10: Largest IV spike — 82.7% change
  • 2008-07-28: Highest IV Rank — 54.5%
  • 2008-07-28: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.23$7.68$9.68$9.61$7.79
Max Pain$9.09$7.50$10.00$7.50$10.00
ATM IV47.7%27.9%56.5%35.5%48.1%
Expected Move14.2%8.0%16.2%10.2%13.8%
HV 20d39.6%25.1%78.9%40.0%78.5%
HV 60d39.8%34.6%55.4%39.3%55.4%
IV Rank39.6%6.6%54.5%19.3%40.4%
IV Percentile52.0%1.2%79.8%6.7%52.8%
Term Structure-2.2%-11.6%25.1%13.7%-1.1%
VWIV48.0%34.9%56.2%35.5%48.3%
Skew 25d7.0%-7.5%32.2%32.2%9.4%
Skew 10d13.2%-5.0%42.1%42.1%19.9%
Call IV 25d43.0%34.2%49.9%36.2%44.4%
Put IV 25d50.0%36.0%68.4%68.4%53.8%
Bid-Ask Spread %12.595.0824.1516.8513.96
Gamma HHI0.720.420.930.910.42
Net GEX194.4K42.7K489.5K353.1K56.2K
Net DEX-4.3M-7.7M474.7K-7.7M-95.5K
Net VEX-17.0K-23.3K-11.2K-23.3K-13.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.008.700.380.80
Total Volume571.182363,99036212
Total OI18,242.8649,79723,09522,52715,528

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$9.61$7.5035.5%10.2%40.0%19.3%35.5%32.2%13.7%353.1K-7.7M-23.3K0.3816.85N/AN/A261018,9443,583
2008-07-02$9.27$7.5036.9%10.6%39.6%21.6%37.3%-0.9%12.6%269.8K-5.9M-21.0K0.005.08N/AN/A297018,9403,573
2008-07-03$9.20$7.5027.9%8.0%35.6%6.6%34.9%7.8%25.1%239.2K-5.3M-19.0K0.006.38N/AN/A229018,9053,573
2008-07-07$9.20$7.5042.7%14.6%35.5%31.3%51.0%9.6%-4.5%267.7K-5.9M-19.8K0.3224.15N/AN/A501619,1003,573
2008-07-08$9.41$7.5039.2%14.4%36.5%25.4%50.4%14.0%-3.9%323.4K-6.4M-20.2K0.1323.32N/AN/A2343019,0983,561
2008-07-09$9.17$7.5028.3%15.0%37.4%7.3%52.3%10.0%-5.9%167.7K-4.8M-16.9K0.4523.90N/AN/A25511619,1543,485
2008-07-10$9.40$7.5051.7%14.8%37.0%46.2%51.7%-3.0%-4.7%333.9K-6.5M-19.8K0.259.61N/AN/A3067719,3923,482
2008-07-11$9.39$10.0049.6%14.2%36.8%42.8%50.5%13.6%-3.0%254.2K-5.3M-17.7K0.6524.06N/AN/A1167519,3123,516
2008-07-14$9.44$10.0054.2%15.5%34.4%50.4%43.8%-1.1%-7.4%280.2K-5.4M-17.2K0.048.50N/AN/A2751019,3073,591
2008-07-15$9.39$10.0051.7%14.8%32.9%46.3%36.1%5.0%-4.5%214.8K-5.0M-16.7K2.1412.33N/AN/A143019,4223,601
2008-07-16$9.63$10.0052.1%14.9%34.3%46.9%52.1%1.2%-4.4%408.1K-5.7M-17.0K8.7012.08N/AN/A108719,4093,601
2008-07-17$9.66$10.0052.9%15.2%33.3%48.2%50.7%-1.6%-4.9%489.5K-5.9M-17.2K0.1612.40N/AN/A971619,4193,672
2008-07-18$9.54$10.0049.7%14.2%33.0%42.8%49.7%-3.1%-4.3%67.5K-4.9M-15.6K0.2311.04N/AN/A1343119,4233,672
2008-07-21$9.53$10.0052.4%15.0%29.8%47.5%53.1%4.6%-5.1%68.7K-3.1M-15.5K0.658.88N/AN/A83547,7022,095
2008-07-22$9.46$10.0052.2%15.0%29.7%47.1%52.2%-7.5%-7.2%68.2K-3.0M-15.4K0.009.57N/AN/A13707,7682,149
2008-07-23$9.60$10.0052.5%15.0%29.9%47.5%52.5%14.7%-5.7%72.0K-3.3M-15.9K0.009.69N/AN/A29507,8982,149
2008-07-24$9.56$10.0052.0%14.9%27.5%46.7%38.2%-4.2%-4.9%76.0K-3.3M-15.8K0.006.82N/AN/A10108,0742,149
2008-07-25$9.68$10.0051.8%14.9%26.4%46.6%51.8%16.4%-4.9%78.1K-3.5M-16.0K0.096.80N/AN/A650608,1452,149
2008-07-28$9.64$10.0056.5%16.2%25.1%54.5%56.2%15.5%-11.6%90.9K-3.6M-16.2K1.149.90N/AN/A1,4801,6878,6102,204
2008-07-29$7.81$10.0056.2%16.1%78.9%54.0%54.2%9.0%-5.5%42.7K474.7K-11.2K0.3112.98N/AN/A3,0509409,6403,828
2008-07-30$7.68$7.5054.4%15.6%78.6%51.0%54.1%11.8%-6.8%53.9K30.4K-13.1K0.598.64N/AN/A80347311,1213,826
2008-07-31$7.79$10.0048.1%13.8%78.5%40.4%48.3%9.4%-1.1%56.2K-95.5K-13.9K0.8013.96N/AN/A1189411,4434,085