HLIT Options History — March 2020

In March 2020, HLIT traded between $4.72 and $6.30. ATM implied volatility averaged 73.3%, placing in the 71.1% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 17.4% (HV 20d: 55.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 5.35.

Notable Days

  • 2020-03-10: Highest Volume — 354 contracts
  • 2020-03-05: Largest IV spike — 108.7% change
  • 2020-03-05: Highest IV Rank — 100.0%
  • 2020-03-19: Largest Expected Move — 29.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.51$4.72$6.30$5.99$5.70
Max Pain$7.16$5.00$7.50$5.00$7.50
ATM IV73.3%41.9%101.6%59.0%72.8%
Expected Move19.9%12.0%29.1%16.9%20.9%
HV 20d55.9%24.5%83.7%29.1%83.6%
HV 60d41.7%29.5%53.9%29.5%53.9%
IV Rank71.1%29.3%100.0%57.1%62.9%
IV Percentile92.3%56.3%100.0%86.1%92.5%
Term Structure-8.2%-24.5%16.4%-15.3%-1.2%
VWIV79.8%58.6%117.0%58.6%82.4%
Skew 25d8.9%-14.6%28.6%-8.8%7.3%
Skew 10d24.9%-21.6%72.9%-4.3%60.2%
Call IV 25d58.6%36.5%113.6%53.0%64.1%
Put IV 25d67.5%36.7%102.0%44.2%71.4%
Bid-Ask Spread %78.3450.69113.3173.46113.31
Gamma HHI0.540.430.740.450.57
Net GEX-3.7K-14.5K15.4K7.3K-10.8K
Net DEX241.4K-313.0K684.5K-80.4K229.7K
Net VEX-2.3K-3.8K-1.3K-3.2K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.350.0042.000.000.00
Total Volume25.864035400
Total OI6,659.1826,2966,9096,9086,347

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$5.99$5.0059.0%16.9%29.1%57.1%0.0%-8.8%-15.3%7.3K-80.4K-3.2K0.0073.46N/AN/A004,4082,500
2020-03-03$6.04$5.0057.5%16.5%24.5%54.7%58.6%1.0%-17.4%6.4K-64.5K-2.6K0.0076.61N/AN/A504,4082,500
2020-03-04$6.30$5.0041.9%12.0%29.9%29.3%0.0%3.6%-8.9%15.4K-313.0K-3.8K0.0059.05N/AN/A004,4092,500
2020-03-05$6.19$7.5087.4%15.5%29.9%100.0%0.0%-3.7%-16.1%13.3K-234.2K-3.6K0.0083.39N/AN/A004,4092,500
2020-03-06$6.12$7.5068.0%13.1%29.7%69.4%0.0%5.3%16.4%10.7K-185.0K-3.3K0.00105.14N/AN/A004,4092,500
2020-03-09$5.62$7.5088.3%16.5%40.8%100.0%0.0%11.1%3.1%-2.4K119.6K-2.5K0.0076.73N/AN/A404,4092,500
2020-03-10$5.57$7.5063.5%18.7%40.6%61.6%65.1%14.8%-6.0%-4.7K208.8K-2.6K0.0052.09N/AN/A35404,4072,470
2020-03-11$5.47$7.5071.3%20.4%40.7%73.6%0.0%17.5%-11.6%-5.3K295.3K-2.5K0.0077.80N/AN/A0224,2332,490
2020-03-12$4.95$7.5072.1%20.7%50.1%74.9%0.0%-14.6%-12.3%-9.6K488.2K-2.1K0.0079.12N/AN/A004,2332,510
2020-03-13$4.90$7.5063.2%18.1%50.1%61.1%0.0%25.8%-2.5%-14.5K569.8K-1.8K1.0083.88N/AN/A114,2332,510
2020-03-16$4.72$7.5072.8%20.9%50.6%75.9%72.9%0.0%-11.1%-13.1K684.5K-1.6K6.0092.66N/AN/A164,2342,511
2020-03-17$5.12$7.5074.3%21.3%61.2%78.3%0.0%12.3%-11.7%-11.6K514.6K-2.0K42.0066.92N/AN/A1424,2342,511
2020-03-18$4.97$7.5082.6%23.7%61.4%91.3%82.6%24.3%-10.0%-10.8K579.4K-1.9K0.0057.92N/AN/A1204,2332,513
2020-03-19$5.30$7.50101.6%29.1%66.7%100.0%117.0%-11.6%-24.5%-2.3K273.8K-2.7K0.4280.63N/AN/A1254,2452,513
2020-03-20$4.98$7.5079.3%22.7%68.9%71.3%0.0%11.0%-12.6%-12.4K571.0K-1.8K4.1060.99N/AN/A10414,2352,508
2020-03-23$4.94$7.5078.9%22.6%68.5%70.8%0.0%27.2%-9.3%-13.8K619.7K-1.7K0.0055.56N/AN/A003,7912,505
2020-03-24$5.38$7.5079.5%22.8%76.7%71.6%82.4%28.6%-5.1%-10.0K394.5K-1.9K0.0050.69N/AN/A023,7912,505
2020-03-25$5.49$7.5078.5%22.5%77.2%70.2%0.0%12.1%-24.2%-4.1K286.8K-2.2K0.0090.09N/AN/A003,7912,506
2020-03-26$5.96$7.5068.1%19.5%83.0%56.8%0.0%12.4%10.4%289104.1K-1.7K0.0089.26N/AN/A5003,7912,506
2020-03-27$5.91$7.5086.9%24.9%83.0%81.0%0.0%10.0%-22.2%3.3K26.8K-2.6K0.0094.14N/AN/A003,8412,506
2020-03-30$5.69$7.5065.1%18.7%83.7%53.0%0.0%1.0%12.1%-12.0K220.6K-1.3K0.00103.95N/AN/A003,8412,506
2020-03-31$5.70$7.5072.8%20.9%83.6%62.9%0.0%7.3%-1.2%-10.8K229.7K-1.3K0.00113.31N/AN/A003,8412,506