HLIT Options History — July 2020

In July 2020, HLIT traded between $4.65 and $5.86. ATM implied volatility averaged 58.0%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 16.4% (HV 20d: 41.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 8.81.

Notable Days

  • 2020-07-06: Highest Volume — 210 contracts
  • 2020-07-09: Largest IV spike — 49.2% change
  • 2020-07-31: Highest IV Rank — 66.4%
  • 2020-07-31: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.10$4.65$5.86$4.74$5.51
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV58.0%31.3%75.5%31.3%75.5%
Expected Move17.5%9.0%21.7%9.0%21.7%
HV 20d41.5%35.2%50.0%48.8%48.1%
HV 60d54.1%45.4%60.6%60.6%48.5%
IV Rank43.8%9.4%66.4%9.4%66.4%
IV Percentile65.1%7.1%91.3%7.1%91.3%
Term Structure-4.0%-20.0%32.1%32.1%-20.0%
VWIV60.1%31.5%75.7%31.5%75.7%
Skew 25d11.4%-5.5%50.0%50.0%-2.8%
Skew 10d15.0%-30.4%38.5%4.6%5.8%
Call IV 25d49.2%31.9%99.2%31.9%59.3%
Put IV 25d60.6%50.7%93.7%81.9%56.5%
Bid-Ask Spread %81.6219.03142.55101.3932.61
Gamma HHI0.610.480.830.820.57
Net GEX1.2K2702.8K3632.1K
Net DEX-28.0K-171.7K63.1K41.0K-121.0K
Net VEX-322-468-209-209-468
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.810.0085.000.010.00
Total Volume55.63602101071
Total OI1,018.9554541,4711,264774

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$4.74$5.0031.3%9.0%48.8%9.4%31.5%50.0%32.1%36341.0K-2090.01101.39N/AN/A10611,078186
2020-07-02$4.85$5.0040.9%11.7%50.0%21.8%40.9%2.4%20.5%1.1K-1.2K-3260.0099.32N/AN/A501,171186
2020-07-06$4.96$5.0045.8%17.3%49.6%28.2%60.3%-5.5%-7.8%1.1K-14.6K-3190.30142.55N/AN/A161491,173181
2020-07-07$4.77$5.0051.4%18.0%49.5%35.4%62.6%8.0%-10.5%1.1K416-2970.00136.09N/AN/A0581,177181
2020-07-08$4.67$5.0034.4%18.7%48.2%13.5%0.0%7.4%-11.0%1.1K31.6K-2510.00137.09N/AN/A011,177181
2020-07-09$4.65$5.0051.3%18.3%43.5%35.2%0.0%4.6%-12.3%1.1K24.6K-2520.00139.54N/AN/A201,177180
2020-07-10$4.76$5.0054.9%17.6%35.6%39.8%0.0%8.8%-9.3%1.2K6.9K-2830.00139.92N/AN/A001,179180
2020-07-13$4.70$5.0060.7%18.0%35.7%47.3%0.0%11.8%-3.8%1.1K19.6K-2560.00125.81N/AN/A101,179180
2020-07-14$4.69$5.0069.5%17.5%35.2%58.6%61.2%6.7%-7.4%1.2K23.8K-2386.50103.58N/AN/A10651,180180
2020-07-15$4.85$5.0061.4%17.6%37.4%48.3%61.4%20.8%-11.3%68813.6K-2971.73101.89N/AN/A661141,186245
2020-07-16$4.83$5.0054.0%15.5%37.3%38.7%54.0%24.1%4.5%68322.8K-2870.0095.25N/AN/A0331,193245
2020-07-17$4.88$5.0060.7%17.4%37.6%47.3%0.0%16.4%-7.9%28863.1K-29185.0020.58N/AN/A21701,193278
2020-07-20$4.96$5.0061.6%17.7%38.2%48.5%61.6%14.9%-5.7%270-2.3K-2920.0019.03N/AN/A120300154
2020-07-21$5.04$5.0055.6%15.9%38.0%40.7%55.6%18.1%0.3%346-8.3K-2990.0035.18N/AN/A40310154
2020-07-22$5.26$5.0061.6%17.6%40.8%48.4%61.6%16.6%-6.4%532-23.0K-3150.0046.86N/AN/A90313154
2020-07-23$5.59$5.0071.6%20.5%40.5%61.3%71.4%2.0%-13.4%791-42.4K-3280.0219.12N/AN/A1222314154
2020-07-24$5.54$5.0059.9%17.2%39.3%46.3%59.6%17.3%-1.8%1.7K-78.3K-3500.0079.23N/AN/A1320405156
2020-07-27$5.62$5.0072.8%20.9%38.9%62.8%0.0%15.2%-14.1%2.6K-126.2K-4270.0064.03N/AN/A40527156
2020-07-28$5.52$5.0072.1%20.7%37.9%61.9%72.2%1.6%-13.4%2.6K-121.0K-4370.0056.56N/AN/A60527156
2020-07-29$5.86$5.0065.4%18.7%42.0%53.3%0.0%9.1%7.2%2.7K-152.6K-4380.0060.38N/AN/A220532156
2020-07-30$5.85$5.0062.7%18.0%41.5%49.9%71.4%2.4%2.5%2.8K-171.7K-42165.0039.61N/AN/A165553156
2020-07-31$5.51$5.0075.5%21.7%48.1%66.4%75.7%-2.8%-20.0%2.1K-121.0K-4680.0032.61N/AN/A10553221