HLIT Options History — February 2009

In February 2009, HLIT traded between $5.02 and $5.88. ATM implied volatility averaged 64.3%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 2.2% (HV 20d: 66.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 2.43.

Notable Days

  • 2009-02-04: Highest Volume — 525 contracts
  • 2009-02-12: Largest IV spike — 28.6% change
  • 2009-02-17: Highest IV Rank — 62.9%
  • 2009-02-17: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$5.02$5.88$5.24$5.44
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV64.3%47.5%72.1%71.8%65.1%
Expected Move19.3%17.9%20.7%20.6%18.7%
HV 20d66.4%54.2%76.4%72.0%59.8%
HV 60d94.2%80.3%101.6%101.6%80.3%
IV Rank52.7%30.9%62.9%62.5%53.8%
IV Percentile69.2%37.7%79.0%79.0%69.8%
Term Structure1.7%-3.4%5.2%-2.8%4.1%
VWIV66.4%62.5%71.8%71.8%66.1%
Skew 25d13.5%-0.4%29.2%5.8%24.0%
Skew 10d22.2%2.1%33.8%12.1%33.8%
Call IV 25d57.1%42.1%69.7%65.9%47.4%
Put IV 25d70.6%67.7%72.4%71.6%71.4%
Bid-Ask Spread %22.3017.0927.3424.1422.27
Gamma HHI0.530.480.720.570.48
Net GEX2.6K-1865.0K5.0K698
Net DEX-150.2K-369.5K84.9K-115.4K3.8K
Net VEX-2.7K-3.1K-2.1K-2.4K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.430.0020.000.000.00
Total Volume91.63205253016
Total OI4,699.5264,0285,1154,4214,055

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$5.24$5.0071.8%20.6%72.0%62.5%71.8%5.8%-2.8%5.0K-115.4K-2.4K0.0024.14N/AN/A0303,0411,380
2009-02-03$5.02$5.0064.7%18.6%72.4%53.3%64.7%-0.4%2.4%4.3K-11.8K-2.1K0.0021.58N/AN/A2503,0411,380
2009-02-04$5.11$5.0062.5%17.9%68.0%50.3%62.5%22.8%4.5%4.7K-52.2K-2.2K20.0022.05N/AN/A255003,0501,380
2009-02-05$5.34$5.0065.1%18.7%70.8%53.7%64.8%29.2%2.2%3.4K-76.6K-3.0K0.0024.64N/AN/A2603,0691,880
2009-02-06$5.74$5.0057.6%19.4%76.4%44.0%0.0%14.3%1.9%4.6K-240.2K-3.1K0.2322.45N/AN/A347803,0441,880
2009-02-09$5.72$5.0047.5%20.2%73.8%30.9%0.0%8.1%-0.4%3.3K-299.7K-3.1K0.0020.92N/AN/A003,1821,920
2009-02-10$5.43$5.0055.8%18.9%74.2%41.6%0.0%2.5%3.0%3.2K-127.5K-3.0K0.0017.09N/AN/A1103,1821,920
2009-02-11$5.68$5.0054.3%19.6%75.8%39.7%0.0%10.7%2.7%3.4K-288.9K-3.1K0.0017.12N/AN/A8503,1921,920
2009-02-12$5.74$5.0069.9%20.0%69.9%60.0%0.0%12.1%2.4%3.2K-304.0K-3.0K5.0018.72N/AN/A2103,1921,920
2009-02-13$5.88$5.0067.3%19.3%68.6%56.6%66.9%10.8%3.5%3.5K-369.5K-3.0K0.0020.67N/AN/A1003,1921,913
2009-02-17$5.64$5.0072.1%20.7%70.4%62.9%0.0%6.1%-3.4%3.6K-245.4K-2.9K1.5017.24N/AN/A10153,2021,913
2009-02-18$5.72$5.0066.3%19.0%54.2%55.3%0.0%7.9%1.6%2.5K-319.9K-2.7K0.0022.24N/AN/A003,2021,898
2009-02-19$5.60$5.0066.6%19.1%55.1%55.7%0.0%3.6%1.2%1.9K-267.2K-2.7K0.0025.32N/AN/A403,2021,898
2009-02-20$5.44$5.0068.2%19.6%55.5%57.8%68.0%3.5%1.7%1.4K-209.1K-2.6K3.3324.74N/AN/A903003,2021,898
2009-02-23$5.22$5.0068.2%19.5%58.0%57.8%0.0%21.0%1.0%-18684.9K-2.5K0.0027.34N/AN/A3002,3501,678
2009-02-24$5.63$5.0068.3%19.6%62.9%57.9%0.0%25.3%-1.0%425-43.8K-2.6K0.0025.59N/AN/A002,3521,678
2009-02-25$5.47$5.0065.9%18.9%62.2%54.9%66.1%24.8%2.4%6176.7K-2.6K4.0026.46N/AN/A251002,3521,678
2009-02-26$5.42$5.0063.9%18.3%62.3%52.3%0.0%23.8%5.2%53921.3K-2.6K0.0023.08N/AN/A002,3771,678
2009-02-27$5.44$5.0065.1%18.7%59.8%53.8%0.0%24.0%4.1%6983.8K-2.5K0.0022.27N/AN/A1602,3771,678