HLIT Options History — April 2020

In April 2020, HLIT traded between $5.43 and $6.83. ATM implied volatility averaged 70.8%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded below realized volatility by 2.8% (HV 20d: 73.6%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-04-22: Highest Volume — 452 contracts
  • 2020-04-08: Largest IV drop — 46.5% change
  • 2020-04-07: Highest IV Rank — 85.0%
  • 2020-04-24: Largest Expected Move — 25.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.14$5.43$6.83$5.49$5.81
Max Pain$5.19$5.00$7.50$7.50$5.00
ATM IV70.8%37.4%90.0%81.5%37.4%
Expected Move19.4%10.7%25.3%23.4%10.7%
HV 20d73.6%58.2%83.7%82.7%83.5%
HV 60d59.8%54.3%69.2%54.3%69.2%
IV Rank60.3%17.3%85.0%74.1%17.3%
IV Percentile84.8%35.7%99.6%97.6%35.7%
Term Structure-3.7%-21.7%21.8%-19.2%19.8%
VWIV74.0%41.1%101.7%60.8%41.1%
Skew 25d5.4%-8.1%17.1%1.4%8.5%
Skew 10d23.7%-3.5%55.7%-2.1%55.7%
Call IV 25d63.1%50.1%90.3%64.5%54.6%
Put IV 25d68.5%60.2%93.0%65.9%63.0%
Bid-Ask Spread %80.3826.81124.7296.4626.81
Gamma HHI0.560.400.690.590.50
Net GEX516-15.8K7.9K-12.6K5.8K
Net DEX26.1K-247.1K354.5K339.5K-152.2K
Net VEX-897-1.6K-399-1.5K-756
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.006.670.000.00
Total Volume71.1430452022
Total OI4,233.7629436,3486,3471,913

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$5.49$7.5081.5%23.4%82.7%74.1%0.0%1.4%-19.2%-12.6K339.5K-1.5K0.0096.46N/AN/A003,8412,506
2020-04-02$5.60$0.0073.8%15.6%83.1%64.1%0.0%10.9%8.4%-15.8K257.8K-1.2K0.00124.72N/AN/A103,8412,506
2020-04-03$5.43$0.0084.3%17.9%83.6%77.7%0.0%-6.7%-8.2%-9.4K354.5K-1.6K0.00124.35N/AN/A003,8422,506
2020-04-06$5.67$0.0083.9%19.7%79.8%77.2%0.0%8.7%-3.7%-12.3K245.1K-1.1K0.0098.18N/AN/A003,8422,506
2020-04-07$5.93$0.0090.0%23.2%81.3%85.0%0.0%2.8%-16.9%-2.0K119.6K-1.1K0.0094.85N/AN/A1603,8422,506
2020-04-08$5.87$0.0048.1%13.8%81.0%31.1%0.0%0.8%8.8%-4.6K154.6K-1.0K0.0095.09N/AN/A003,8412,506
2020-04-09$6.08$0.0059.5%17.1%71.8%45.8%0.0%12.9%17.6%3.2K62.4K-8160.0083.58N/AN/A003,8412,506
2020-04-13$5.81$0.0077.8%22.3%74.2%69.3%0.0%4.7%-11.9%2.1K78.8K-3990.0098.06N/AN/A1003,8412,506
2020-04-14$6.24$0.0067.3%19.3%75.3%55.9%60.8%12.1%13.2%2.9K68.1K-5830.0060.59N/AN/A6403,8312,506
2020-04-15$6.27$5.0077.3%22.2%71.0%68.6%0.0%14.6%-15.1%2.9K76.3K-5750.00106.56N/AN/A003,8272,506
2020-04-16$6.60$5.0062.2%17.8%70.8%49.2%0.0%17.1%-2.5%3.4K66.7K-6380.0088.37N/AN/A1103,8272,506
2020-04-17$6.58$5.0065.9%18.9%68.5%54.0%91.0%15.8%-3.9%3.6K61.7K-6666.6785.98N/AN/A6403,8372,506
2020-04-20$6.79$5.0070.0%20.1%63.1%59.2%101.7%-0.5%-6.8%3.7K-82.5K-6640.7850.72N/AN/A514084598
2020-04-21$6.40$5.0072.1%20.7%68.0%62.0%72.1%-1.8%-8.3%3.4K-85.6K-7460.0043.55N/AN/A10866138
2020-04-22$6.57$5.0075.8%21.7%62.7%66.7%83.1%-3.3%-12.2%3.8K-102.6K-7770.0573.14N/AN/A43220877138
2020-04-23$6.83$5.0078.8%22.6%63.4%70.6%79.0%5.6%-14.2%7.9K-247.1K-1.2K0.0084.47N/AN/A2901,294138
2020-04-24$6.72$5.0088.4%25.3%58.2%82.9%90.0%2.0%-21.7%7.4K-220.9K-1.1K0.2873.98N/AN/A58161,301138
2020-04-27$6.56$5.0084.1%24.1%59.0%77.5%82.6%8.5%-18.6%7.1K-196.9K-1.0K0.1347.16N/AN/A160201,325154
2020-04-28$5.63$5.0068.0%19.5%80.4%56.7%67.5%-8.1%-3.2%4.0K-69.4K-5710.0959.75N/AN/A341321,455177
2020-04-29$6.01$5.0041.1%11.8%83.7%22.1%45.0%7.6%21.8%6.4K-180.6K-8040.1371.68N/AN/A110141,726201
2020-04-30$5.81$5.0037.4%10.7%83.5%17.3%41.1%8.5%19.8%5.8K-152.2K-7560.0026.81N/AN/A2201,722191