HLIT Options History — September 2020

In September 2020, HLIT traded between $5.21 and $6.01. ATM implied volatility averaged 56.5%, placing in the 42.0% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 2.8% (HV 20d: 53.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2020-09-22: Highest Volume — 252 contracts
  • 2020-09-08: Largest IV spike — 33.0% change
  • 2020-09-08: Highest IV Rank — 60.0%
  • 2020-09-04: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.62$5.21$6.01$5.90$5.55
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV56.5%44.2%70.5%49.8%44.3%
Expected Move16.4%12.7%20.1%14.3%12.7%
HV 20d53.7%41.8%65.7%51.0%65.7%
HV 60d66.5%64.4%70.1%65.8%69.7%
IV Rank42.0%26.1%60.0%33.4%26.2%
IV Percentile59.7%36.5%84.9%48.4%36.5%
Term Structure2.4%-23.5%28.8%9.5%18.8%
VWIV57.9%43.6%70.4%70.4%47.6%
Skew 25d5.8%-13.5%25.1%-1.4%-13.5%
Skew 10d36.0%-13.3%98.3%20.9%-13.3%
Call IV 25d52.7%45.5%68.1%66.1%57.8%
Put IV 25d58.4%35.0%71.0%64.8%44.3%
Bid-Ask Spread %36.397.4382.2813.3912.93
Gamma HHI0.550.460.760.460.76
Net GEX4.9K3.5K6.4K6.0K3.8K
Net DEX-265.9K-329.1K-190.5K-305.3K-291.6K
Net VEX-941-1.1K-805-921-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.002.200.000.00
Total Volume61.33302524018
Total OI1,672.7621,4781,7651,5921,755

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$5.90$5.0049.8%14.3%51.0%33.4%0.0%-1.4%9.5%6.0K-305.3K-9210.0013.39N/AN/A4001,374218
2020-09-02$5.99$5.0058.6%16.8%41.8%44.6%0.0%0.3%7.2%6.4K-329.1K-9890.0075.27N/AN/A001,399218
2020-09-03$5.62$5.0058.9%18.5%46.6%45.0%0.0%17.3%-4.0%6.2K-256.2K-9110.1882.28N/AN/A1121,399218
2020-09-04$5.94$5.0053.0%20.1%50.1%37.5%70.4%25.1%-18.5%6.3K-325.4K-9612.2066.44N/AN/A5111,400218
2020-09-08$5.69$5.0070.5%16.8%51.6%60.0%0.0%12.1%2.1%6.0K-267.8K-8410.0064.32N/AN/A001,403219
2020-09-09$5.57$5.0063.5%18.2%50.9%51.0%63.6%18.3%-1.3%5.5K-256.8K-8050.6015.99N/AN/A126751,403219
2020-09-10$5.45$5.0060.5%17.3%50.6%47.1%0.0%12.6%0.4%4.0K-191.9K-8300.0045.05N/AN/A101,341294
2020-09-11$5.51$5.0061.8%17.7%51.2%48.7%61.8%8.8%-3.6%4.1K-200.4K-8190.0141.70N/AN/A14521,341294
2020-09-14$5.59$5.0061.6%17.7%51.8%48.5%61.5%13.0%-5.8%5.1K-271.4K-9230.1622.61N/AN/A63101,477266
2020-09-15$5.66$5.0058.7%16.8%51.6%44.7%59.1%11.6%-1.0%4.9K-288.1K-9270.0028.05N/AN/A501,477276
2020-09-16$5.70$5.0044.2%12.7%50.3%26.1%0.0%-10.6%1.1%4.6K-293.6K-8820.007.43N/AN/A1201,476276
2020-09-17$5.54$5.0058.5%16.8%50.7%44.4%56.1%2.9%5.9%4.4K-275.6K-8790.0062.63N/AN/A301,476276
2020-09-18$5.66$5.0055.4%15.9%51.6%40.4%56.1%8.9%9.9%4.6K-292.0K-8402.0050.47N/AN/A481,478276
2020-09-21$5.54$5.0063.4%18.2%45.6%50.8%63.6%9.3%-0.5%4.7K-233.2K-8411.1120.84N/AN/A45501,285193
2020-09-22$6.01$5.0055.1%15.8%52.5%40.1%52.3%-3.0%-23.5%5.8K-306.0K-9000.1816.02N/AN/A213391,271232
2020-09-23$5.45$5.0048.2%13.8%61.7%31.3%43.6%8.3%28.8%4.1K-253.4K-1.0K0.3932.25N/AN/A96371,419268
2020-09-24$5.37$5.0058.9%16.9%61.5%45.0%58.7%6.3%10.8%3.7K-221.4K-1.1K0.7321.19N/AN/A15111,451301
2020-09-25$5.21$5.0053.9%15.4%62.0%38.6%54.0%0.4%7.6%3.5K-190.5K-1.1K0.0123.68N/AN/A19721,453312
2020-09-28$5.36$5.0055.2%15.8%63.2%40.2%55.0%3.4%8.6%3.8K-245.6K-1.1K0.0051.51N/AN/A401,465273
2020-09-29$5.61$5.0053.2%15.3%65.7%37.7%64.9%-9.2%-1.4%4.4K-287.4K-1.1K0.1210.18N/AN/A3441,465273
2020-09-30$5.55$5.0044.3%12.7%65.7%26.2%47.6%-13.5%18.8%3.8K-291.6K-1.1K0.0012.93N/AN/A1801,481274