HLIT Options History — March 2023

In March 2023, HLIT traded between $12.04 and $14.52. ATM implied volatility averaged 45.4%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 6.5% (HV 20d: 38.9%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-03-21: Highest Volume — 1,914 contracts
  • 2023-03-09: Largest IV spike — 55.6% change
  • 2023-03-09: Highest IV Rank — 24.4%
  • 2023-03-17: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.20$12.04$14.52$13.05$14.52
Max Pain$11.41$10.00$12.50$10.00$12.50
ATM IV45.4%33.9%71.5%48.8%38.6%
Expected Move11.9%9.4%15.2%14.0%11.1%
HV 20d38.9%23.5%52.8%41.5%51.5%
HV 60d47.8%43.8%52.1%52.1%50.7%
IV Rank10.2%3.9%24.4%12.0%6.4%
IV Percentile24.3%0.8%83.7%30.6%8.3%
Term Structure6.0%-15.1%27.4%-8.3%17.1%
VWIV44.2%23.0%63.4%57.8%63.4%
Skew 25d2.5%-13.9%25.6%-3.3%6.7%
Skew 10d7.9%-16.9%52.5%-4.6%8.6%
Call IV 25d43.8%34.6%53.3%52.3%40.0%
Put IV 25d46.3%30.4%71.7%48.9%46.7%
Bid-Ask Spread %88.2333.95106.3333.9584.73
Gamma HHI0.690.520.910.630.65
Net GEX115.4K68.7K159.9K122.1K159.9K
Net DEX-3.5M-6.1M-1.6M-3.1M-5.8M
Net VEX-15.4K-17.9K-13.0K-16.0K-17.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.0010.000.000.00
Total Volume233.65201,914070
Total OI7,417.3485,4928,2217,5367,225

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$13.05$10.0048.8%14.0%41.5%12.0%0.0%-3.3%-8.3%122.1K-3.1M-16.0K0.0033.95N/AN/A007,122414
2023-03-02$12.79$10.0033.9%9.7%35.3%3.9%57.8%-11.5%5.4%115.5K-3.2M-15.3K0.0081.39N/AN/A1407,123414
2023-03-03$12.77$10.0037.5%10.8%24.7%5.9%0.0%-13.7%-0.8%113.8K-3.0M-15.0K0.0081.40N/AN/A007,131398
2023-03-06$12.73$10.0037.2%10.0%23.5%5.7%0.0%-5.3%25.7%114.5K-2.7M-14.3K0.0070.62N/AN/A1107,131398
2023-03-07$12.55$10.0044.2%13.3%23.6%9.5%55.5%-3.1%-14.0%117.7K-2.7M-14.3K0.1851.64N/AN/A1737,126390
2023-03-08$12.96$10.0045.9%14.0%27.3%10.4%59.0%8.4%-15.1%123.6K-3.2M-15.0K3.9798.46N/AN/A1315207,137387
2023-03-09$12.38$10.0071.5%9.4%29.8%24.4%0.0%-13.9%5.2%89.7K-2.5M-14.6K0.0294.07N/AN/A5117,267888
2023-03-10$12.21$10.0060.4%11.9%29.7%18.3%42.4%-8.9%-3.1%80.8K-2.0M-13.9K0.3384.21N/AN/A627,297887
2023-03-13$12.04$10.0060.3%13.7%29.4%18.3%0.0%17.8%-6.0%68.7K-1.8M-13.0K0.0098.03N/AN/A107,298887
2023-03-14$12.25$10.0065.1%12.5%29.8%20.9%44.2%15.9%15.2%81.6K-2.2M-14.0K10.00104.47N/AN/A2207,298887
2023-03-15$12.52$12.5050.9%14.6%31.4%13.1%53.8%25.6%-14.4%75.4K-2.3M-13.6K0.12106.33N/AN/A5067,298903
2023-03-16$12.61$12.5045.5%13.0%31.3%10.2%45.3%7.2%5.5%79.2K-2.4M-13.6K0.0097.90N/AN/A0237,321888
2023-03-17$12.34$12.5052.9%15.2%31.8%14.3%47.7%-1.5%27.4%80.4K-1.6M-13.1K0.17102.03N/AN/A617,321900
2023-03-20$13.04$12.5039.5%11.3%37.9%6.9%39.5%0.7%4.0%102.8K-2.2M-13.6K0.04104.40N/AN/A1,750775,288204
2023-03-21$14.46$12.5041.5%11.9%51.1%8.1%38.1%12.7%15.5%145.5K-6.1M-17.9K0.0181.21N/AN/A1,900147,025256
2023-03-22$14.00$12.5040.1%11.5%52.8%7.3%36.6%-1.2%1.2%138.8K-4.8M-17.5K0.0599.34N/AN/A7746,464267
2023-03-23$13.96$12.5035.8%10.3%52.4%4.9%37.1%7.2%12.5%147.7K-5.0M-17.4K0.2092.35N/AN/A516,514270
2023-03-24$14.11$12.5041.8%12.0%52.2%8.2%38.3%8.3%12.2%132.2K-5.0M-17.2K0.00104.56N/AN/A1506,516269
2023-03-27$14.11$12.5042.9%12.3%52.2%8.8%46.6%-2.8%10.7%140.8K-4.8M-17.2K0.0091.91N/AN/A9206,525269
2023-03-28$13.93$12.5038.4%11.0%52.5%6.3%32.9%17.4%21.8%130.3K-4.8M-16.6K0.0391.28N/AN/A19666,567269
2023-03-29$13.98$12.5037.1%10.7%51.8%5.7%23.0%2.3%12.1%143.1K-4.8M-17.3K0.0289.30N/AN/A26356,678275
2023-03-30$14.25$12.5034.2%9.8%51.4%4.1%33.9%-7.7%7.5%149.4K-5.2M-17.5K0.0085.60N/AN/A3406,927280
2023-03-31$14.52$12.5038.6%11.1%51.5%6.4%63.4%6.7%17.1%159.9K-5.8M-17.6K0.0084.73N/AN/A7006,945280