HLIT Options History — October 2008

In October 2008, HLIT traded between $6.27 and $8.70. ATM implied volatility averaged 68.7%, placing in the 73.2% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 7.0% (HV 20d: 75.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.70.

Notable Days

  • 2008-10-16: Highest Volume — 5,555 contracts
  • 2008-10-06: Largest IV spike — 118.2% change
  • 2008-10-10: Highest IV Rank — 100.0%
  • 2008-10-10: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.72$6.27$8.70$8.70$7.11
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV68.7%36.1%85.5%39.9%56.1%
Expected Move19.3%10.3%24.0%11.4%16.1%
HV 20d75.7%59.7%99.3%63.2%99.1%
HV 60d66.5%59.7%72.4%62.4%70.4%
IV Rank73.2%20.4%100.0%26.7%52.2%
IV Percentile85.9%13.1%100.0%23.4%73.4%
Term Structure-1.0%-12.5%21.8%17.1%3.9%
VWIV66.8%36.5%89.9%36.5%56.1%
Skew 25d4.1%-15.0%43.9%-15.0%43.9%
Skew 10d13.1%-16.9%61.5%-16.9%61.5%
Call IV 25d65.9%51.9%81.5%54.4%55.4%
Put IV 25d70.0%39.3%99.3%39.3%99.3%
Bid-Ask Spread %20.349.7544.039.7517.46
Gamma HHI0.650.340.800.440.79
Net GEX87.6K30.4K132.5K111.6K91.8K
Net DEX-2.6M-5.8M-876.0K-4.1M-1.2M
Net VEX-10.3K-12.2K-7.9K-12.0K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.006.610.001.75
Total Volume658.783155,55515173
Total OI14,694.73910,72620,34816,34214,203

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$8.70$7.5039.9%11.4%63.2%26.7%36.5%-15.0%17.1%111.6K-4.1M-12.0K0.009.75N/AN/A01513,4862,856
2008-10-02$8.48$7.5052.7%15.1%61.1%48.1%42.5%-1.3%21.8%110.5K-3.7M-11.8K0.0025.25N/AN/A83013,4862,851
2008-10-03$8.49$7.5036.1%10.3%61.1%20.4%39.5%0.5%21.4%68.3K-3.6M-9.0K0.109.93N/AN/A1912013,5252,851
2008-10-06$8.09$7.5078.7%19.3%60.6%91.5%0.0%-1.1%-10.9%111.0K-2.6M-10.6K0.1019.90N/AN/A4934713,5522,851
2008-10-07$7.87$7.5066.5%18.7%60.8%71.2%0.0%5.0%-5.5%109.1K-2.2M-10.0K6.6119.90N/AN/A7650213,4752,841
2008-10-08$7.76$7.5073.6%18.9%59.7%83.0%65.7%-6.7%-4.6%104.3K-1.9M-9.9K0.2918.89N/AN/A1815213,4412,907
2008-10-09$7.39$7.5079.9%18.4%60.6%93.5%0.0%-10.5%-3.1%97.0K-1.2M-8.9K0.0229.72N/AN/A132313,4442,865
2008-10-10$7.23$7.5085.5%24.0%60.2%100.0%89.9%10.1%-7.4%88.7K-876.0K-9.0K0.2844.03N/AN/A63317813,4542,865
2008-10-13$8.25$7.5084.5%22.8%78.1%98.3%80.1%6.2%-7.8%30.4K-3.5M-8.5K0.0318.07N/AN/A158513,2372,716
2008-10-14$8.18$7.5058.4%21.5%78.1%56.0%70.7%1.3%-5.0%71.7K-3.2M-8.8K0.3920.98N/AN/A923613,1172,716
2008-10-15$7.73$7.5079.0%22.2%79.6%89.4%0.0%-7.0%-6.7%132.5K-2.0M-8.6K0.0023.86N/AN/A60013,0922,752
2008-10-16$8.20$7.5078.9%22.6%76.2%89.3%79.0%14.9%-7.6%59.8K-3.2M-8.5K0.0431.01N/AN/A5,33621913,0972,722
2008-10-17$8.12$7.5078.5%22.5%75.2%88.6%78.5%1.6%-5.8%82.9K-5.8M-12.2K0.1121.44N/AN/A3494017,4682,880
2008-10-20$8.48$7.5070.7%20.3%74.3%75.9%70.2%1.5%-2.1%94.9K-4.5M-11.6K0.0018.13N/AN/A18509,6211,105
2008-10-21$8.17$7.5073.7%21.1%73.5%80.8%72.2%-0.8%-5.0%91.7K-4.1M-11.6K0.0217.48N/AN/A29579,7421,105
2008-10-22$7.63$7.5073.7%21.1%77.2%80.8%73.4%-6.3%-2.4%90.7K-3.1M-11.0K0.0027.49N/AN/A21709,8141,112
2008-10-23$7.23$7.5073.0%20.9%78.8%79.6%72.1%33.0%-5.1%86.3K-2.3M-10.2K0.4526.13N/AN/A1999010,0021,112
2008-10-24$7.20$7.5082.6%23.7%77.9%95.2%82.3%12.6%-12.5%80.9K-2.5M-10.4K3.1210.38N/AN/A13843110,1351,148
2008-10-27$6.27$7.5077.6%22.3%88.6%87.2%80.5%13.9%-5.0%57.5K-985.8K-7.9K1.4220.05N/AN/A1,3641,94110,2601,559
2008-10-28$7.06$7.5063.5%18.2%99.3%64.3%63.5%0.4%-0.9%79.1K-1.4M-12.1K0.0512.92N/AN/A6793210,7533,379
2008-10-29$6.89$7.5061.8%17.7%98.4%61.5%61.8%-2.5%4.9%78.4K-1.1M-11.7K0.039.92N/AN/A3901010,8473,388
2008-10-30$6.98$7.5055.2%15.8%98.6%50.8%55.2%1.5%5.9%86.5K-1.1M-11.4K0.6715.03N/AN/A604010,7593,388
2008-10-31$7.11$7.5056.1%16.1%99.1%52.2%56.1%43.9%3.9%91.8K-1.2M-11.7K1.7517.46N/AN/A6311010,7953,408