HLIT Options History — August 2020

In August 2020, HLIT traded between $5.66 and $6.97. ATM implied volatility averaged 55.4%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 35.1% (HV 20d: 90.5%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.32.

Notable Days

  • 2020-08-04: Highest Volume — 4,035 contracts
  • 2020-08-28: Largest IV spike — 41.5% change
  • 2020-08-04: Highest IV Rank — 78.7%
  • 2020-08-04: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.27$5.66$6.97$5.66$5.89
Max Pain$5.12$5.00$7.50$5.00$5.00
ATM IV55.4%38.3%85.1%71.6%52.8%
Expected Move15.9%11.0%24.4%20.5%15.1%
HV 20d90.5%48.3%97.0%48.3%92.3%
HV 60d64.6%48.8%66.7%48.8%66.0%
IV Rank40.5%18.6%78.7%61.4%37.2%
IV Percentile59.8%29.0%97.6%86.9%54.0%
Term Structure2.7%-20.6%25.9%-10.9%-20.6%
VWIV57.1%34.3%86.5%71.7%64.5%
Skew 25d-0.6%-19.5%23.7%1.3%-2.5%
Skew 10d17.6%-29.4%70.8%26.9%33.1%
Call IV 25d59.4%37.4%75.2%57.6%62.5%
Put IV 25d58.7%41.0%75.3%58.9%60.0%
Bid-Ask Spread %41.816.6779.1327.766.84
Gamma HHI0.590.440.850.540.47
Net GEX10.0K2.2K21.3K2.2K6.6K
Net DEX-364.6K-578.8K-144.3K-144.3K-301.0K
Net VEX-1.1K-1.6K-444-444-955
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.003.500.090.00
Total Volume378.52424,0351322
Total OI2,887.3337774,1607771,594

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$5.66$5.0071.6%20.5%48.3%61.4%71.7%1.3%-10.9%2.2K-144.3K-4440.0927.76N/AN/A12111556221
2020-08-04$6.97$5.0085.1%24.4%83.9%78.7%86.5%0.1%-16.8%3.1K-289.8K-4530.2514.20N/AN/A3,220815630231
2020-08-05$6.38$7.5070.7%20.3%91.3%60.2%70.6%-3.2%-8.7%11.6K-262.9K-1.2K0.337.39N/AN/A1,1353702,489994
2020-08-06$6.46$5.0067.6%17.3%91.0%56.2%60.1%-0.0%-0.6%13.2K-335.3K-1.2K0.1056.10N/AN/A523542,401942
2020-08-07$6.65$5.0054.0%17.2%91.1%38.7%59.8%-3.0%-1.6%18.6K-444.9K-1.3K0.0462.33N/AN/A457182,600929
2020-08-10$6.53$5.0065.8%18.7%91.3%53.9%66.0%-2.6%-6.1%16.5K-548.4K-1.6K0.0362.31N/AN/A12542,802939
2020-08-11$6.66$5.0058.6%18.1%91.1%44.7%61.9%4.0%-2.7%20.2K-568.6K-1.6K0.8259.31N/AN/A62512,735939
2020-08-12$6.72$5.0056.3%16.1%90.9%41.7%56.4%-19.5%4.0%21.3K-578.8K-1.6K0.0056.10N/AN/A13002,741975
2020-08-13$6.69$5.0059.6%17.1%90.9%45.9%59.6%-19.5%-0.3%17.1K-487.2K-1.4K0.0058.36N/AN/A702,788975
2020-08-14$6.69$5.0060.5%17.3%91.1%47.0%60.5%-11.3%-2.1%15.1K-472.8K-1.3K0.0061.92N/AN/A35012,788975
2020-08-17$6.48$5.0054.6%15.7%92.6%39.5%54.8%-17.3%8.4%7.5K-405.6K-1.2K0.2179.13N/AN/A1943,087975
2020-08-18$6.23$5.0038.7%11.1%94.5%19.0%34.3%2.5%25.9%6.3K-344.7K-1.1K0.4746.72N/AN/A126593,087969
2020-08-19$6.11$5.0041.3%11.9%94.3%22.4%43.7%-2.6%17.9%6.3K-348.0K-1.0K3.5075.64N/AN/A18633,186910
2020-08-20$6.11$5.0042.1%12.1%92.1%23.3%35.8%0.3%22.3%6.2K-344.8K-1.0K0.0248.77N/AN/A4413,189971
2020-08-21$5.69$5.0057.7%16.5%95.9%43.4%56.0%-6.5%2.1%5.9K-270.9K-9800.2077.91N/AN/A4083,176971
2020-08-24$5.92$5.0040.6%11.6%96.8%21.4%39.4%21.3%22.7%6.0K-294.8K-9530.008.84N/AN/A1201,338217
2020-08-25$6.11$5.0039.5%11.3%97.0%20.1%0.0%1.1%24.0%7.1K-322.7K-1.0K0.3045.91N/AN/A2781,338217
2020-08-26$5.97$5.0053.3%15.3%95.2%37.8%59.2%1.3%-10.7%6.7K-299.0K-9830.026.67N/AN/A5411,344221
2020-08-27$5.88$5.0038.3%11.0%95.4%18.6%0.0%19.1%17.1%5.8K-296.1K-8770.007.64N/AN/A601,376221
2020-08-28$5.88$5.0054.3%15.6%92.7%39.0%44.6%23.7%-7.2%6.6K-295.3K-9400.008.15N/AN/A031,376221
2020-08-31$5.89$5.0052.8%15.1%92.3%37.2%64.5%-2.5%-20.6%6.6K-301.0K-9550.006.84N/AN/A201,376218