HLIT Options History — November 2020

In November 2020, HLIT traded between $5.97 and $6.76. ATM implied volatility averaged 44.1%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 8.0% (HV 20d: 52.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.12.

Notable Days

  • 2020-11-20: Highest Volume — 153 contracts
  • 2020-11-04: Largest IV spike — 62.6% change
  • 2020-11-06: Highest IV Rank — 57.2%
  • 2020-11-04: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.40$5.97$6.76$5.97$6.49
Max Pain$4.63$2.50$5.00$5.00$5.00
ATM IV44.1%29.9%68.3%66.3%34.0%
Expected Move12.2%8.6%19.2%19.0%9.7%
HV 20d52.1%44.9%57.4%50.3%45.2%
HV 60d54.1%52.4%56.0%52.8%52.4%
IV Rank26.0%7.7%57.2%54.5%13.0%
IV Percentile31.7%4.8%80.6%76.6%10.7%
Term Structure10.2%-6.9%21.1%14.9%16.9%
VWIV55.0%28.8%153.0%48.5%34.6%
Skew 25d1.2%-17.4%24.4%24.4%1.0%
Skew 10d3.2%-16.8%31.9%31.9%7.6%
Call IV 25d42.0%30.2%57.7%37.9%40.8%
Put IV 25d43.2%33.1%62.4%62.4%41.8%
Bid-Ask Spread %37.6111.0071.7328.2211.11
Gamma HHI0.650.510.800.550.65
Net GEX12.9K9.5K18.0K15.0K10.2K
Net DEX-566.8K-736.5K-409.9K-559.5K-409.9K
Net VEX-1.2K-1.6K-913-1.6K-913
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.820.020.00
Total Volume25.850153441
Total OI2,607.051,6552,9812,9121,732

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$5.97$5.0066.3%19.0%50.3%54.5%48.5%24.4%14.9%15.0K-559.5K-1.6K0.0228.22N/AN/A4312,575337
2020-11-03$6.32$5.0041.3%11.8%53.8%22.4%0.0%-13.2%15.7%13.5K-654.9K-1.4K0.0011.00N/AN/A1302,575337
2020-11-04$6.12$5.0067.1%19.2%55.4%55.6%0.0%-0.4%0.5%14.5K-604.9K-1.4K0.0052.66N/AN/A052,614337
2020-11-05$6.28$5.0049.0%9.4%50.8%32.3%0.0%-14.2%21.1%16.3K-674.2K-1.4K0.0049.81N/AN/A3502,614337
2020-11-06$6.19$5.0068.3%13.2%48.4%57.2%0.0%-17.4%2.0%15.2K-629.9K-1.4K0.0028.75N/AN/A002,644337
2020-11-09$6.54$5.0041.9%14.9%52.4%23.2%0.0%-11.1%-1.6%18.0K-736.5K-1.4K0.0471.73N/AN/A11142,644335
2020-11-10$6.38$5.0052.6%13.9%53.2%36.9%39.2%-15.7%-4.3%17.5K-651.9K-1.4K0.0955.99N/AN/A1112,546332
2020-11-11$6.24$5.0042.9%12.3%53.6%24.4%0.0%6.1%10.8%12.7K-541.4K-1.1K0.0012.47N/AN/A102,544333
2020-11-12$6.05$5.0037.0%10.6%54.5%16.8%0.0%-8.5%13.4%9.5K-479.3K-1.0K0.0045.44N/AN/A602,544333
2020-11-13$6.29$5.0038.6%11.1%56.5%18.9%0.0%1.7%9.3%10.0K-544.1K-1.0K0.0067.31N/AN/A002,549338
2020-11-16$6.38$5.0038.0%10.9%56.8%18.1%0.0%0.6%10.2%10.1K-562.7K-9980.0044.60N/AN/A1702,549338
2020-11-17$6.55$5.0043.7%12.5%57.4%25.4%54.6%16.7%17.3%11.7K-646.5K-1.1K1.8215.16N/AN/A11202,560338
2020-11-18$6.42$5.0033.7%9.7%57.2%12.6%32.8%-4.8%16.9%10.3K-579.4K-1.0K0.0022.80N/AN/A402,558344
2020-11-19$6.57$5.0039.1%11.2%55.8%19.6%35.1%12.7%18.5%11.9K-632.8K-1.1K0.0043.61N/AN/A1002,560344
2020-11-20$6.49$5.0034.3%9.8%53.5%13.3%153.0%-0.1%16.5%10.6K-587.8K-9890.0044.95N/AN/A15302,565344
2020-11-23$6.58$2.5033.4%9.6%52.2%12.3%0.0%13.1%18.1%11.6K-431.2K-9600.0015.26N/AN/A201,527128
2020-11-24$6.59$2.5029.9%8.6%45.8%7.7%28.8%16.3%19.8%11.3K-420.5K-9570.0012.86N/AN/A701,529128
2020-11-25$6.76$2.5047.2%13.5%45.1%29.9%67.9%13.5%-4.1%13.9K-499.2K-9510.0049.00N/AN/A0601,533128
2020-11-27$6.71$5.0043.4%12.5%44.9%25.1%0.0%4.0%-6.9%13.9K-489.5K-1.0K0.0069.43N/AN/A101,543188
2020-11-30$6.49$5.0034.0%9.7%45.2%13.0%34.6%1.0%16.9%10.2K-409.9K-9130.0011.11N/AN/A101,544188