HLIT Options History — May 2023

In May 2023, HLIT traded between $13.39 and $17.63. ATM implied volatility averaged 51.7%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 9.8% (HV 20d: 61.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.09.

Notable Days

  • 2023-05-09: Highest Volume — 9,791 contracts
  • 2023-05-09: Largest IV drop — 52.1% change
  • 2023-05-08: Highest IV Rank — 89.4%
  • 2023-05-02: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.80$13.39$17.63$14.18$17.46
Max Pain$12.84$12.50$15.00$15.00$12.50
ATM IV51.7%28.6%119.9%78.4%35.7%
Expected Move13.3%8.2%24.7%22.5%10.2%
HV 20d61.5%30.6%73.6%36.8%68.5%
HV 60d50.1%39.3%54.5%39.5%53.7%
IV Rank24.0%1.8%89.4%49.6%8.6%
IV Percentile35.1%0.4%99.2%95.2%8.3%
Term Structure-5.7%-35.4%6.0%-23.0%-6.2%
VWIV48.7%29.2%94.5%75.9%35.6%
Skew 25d4.7%-12.1%20.0%2.9%10.6%
Skew 10d17.9%-0.4%86.3%14.0%17.8%
Call IV 25d44.3%29.2%93.5%80.5%34.4%
Put IV 25d49.0%26.7%90.0%83.4%45.1%
Bid-Ask Spread %82.3742.41103.7389.3293.09
Gamma HHI0.600.350.930.880.38
Net GEX264.8K148.5K532.2K211.2K155.0K
Net DEX-10.2M-18.3M-3.5M-5.0M-8.1M
Net VEX-31.7K-41.3K-16.6K-19.2K-35.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.610.000.36
Total Volume783.136209,7912457
Total OI11,511.7737,87115,4038,9248,116

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$14.18$15.0078.4%22.5%36.8%49.6%75.9%2.9%-23.0%211.2K-5.0M-19.2K0.0089.32N/AN/A2408,479445
2023-05-02$13.96$15.0086.1%24.7%37.2%57.0%84.6%-12.1%-28.6%197.3K-4.6M-18.5K0.0281.47N/AN/A18448,500445
2023-05-03$13.39$15.0077.8%22.3%39.7%49.0%94.5%-3.6%-18.4%191.3K-3.5M-16.6K0.0185.47N/AN/A1,431128,663448
2023-05-04$13.59$12.5095.9%19.9%40.1%66.4%59.8%17.8%-15.8%215.0K-4.9M-19.4K0.00103.47N/AN/A1,55809,966464
2023-05-05$13.48$12.5094.5%17.6%40.0%65.1%58.9%11.5%-1.6%239.3K-5.7M-21.3K0.00103.73N/AN/A1,306211,419464
2023-05-08$13.54$12.50119.9%20.0%30.6%89.4%0.0%9.0%-35.4%289.1K-6.8M-22.4K0.08103.36N/AN/A3682812,685469
2023-05-09$16.20$12.5057.4%14.2%72.9%29.5%47.4%9.1%-1.7%476.9K-15.5M-22.5K0.0083.91N/AN/A9,7593213,157493
2023-05-10$15.98$12.5046.4%13.3%73.1%18.9%40.2%16.3%-3.0%474.7K-14.0M-40.7K0.0161.89N/AN/A7981214,409519
2023-05-11$15.84$12.5042.5%12.2%73.1%15.1%42.4%10.7%1.0%532.2K-14.0M-41.3K0.0087.35N/AN/A351014,874529
2023-05-12$16.18$12.5041.2%11.8%73.4%13.9%40.4%1.2%-1.1%481.5K-15.1M-39.7K0.0178.31N/AN/A248314,608529
2023-05-15$16.48$12.5038.6%11.1%73.6%11.4%47.4%-4.9%1.1%428.0K-16.6M-39.2K0.1970.32N/AN/A621214,643528
2023-05-16$16.38$12.5039.6%11.3%73.6%12.3%41.8%-8.4%-8.9%419.0K-16.6M-37.9K0.2089.08N/AN/A41814,625530
2023-05-17$16.52$12.5034.4%9.9%69.8%7.4%49.9%1.2%0.1%220.4K-17.5M-36.5K0.0142.41N/AN/A251214,608526
2023-05-18$16.80$12.5034.4%9.9%69.1%7.3%48.1%20.0%2.5%186.3K-18.3M-36.4K0.3282.89N/AN/A1364314,600525
2023-05-19$16.74$12.5034.9%10.0%69.0%7.9%43.0%-7.4%6.0%148.5K-18.0M-35.8K0.6154.21N/AN/A543314,563526
2023-05-22$16.41$12.5032.9%9.4%69.7%5.9%29.2%-4.5%-0.4%148.7K-6.1M-35.7K0.0070.03N/AN/A5707,530341
2023-05-23$16.45$12.5028.8%8.2%68.9%1.9%40.8%10.9%-0.1%160.0K-6.4M-35.5K0.1082.58N/AN/A5867,574341
2023-05-24$16.41$12.5028.6%8.2%68.5%1.8%0.0%14.3%0.8%161.0K-6.3M-34.5K0.0090.97N/AN/A2007,606347
2023-05-25$16.80$12.5029.4%8.4%68.6%2.6%32.9%2.9%0.3%161.7K-6.8M-35.7K0.0093.37N/AN/A4607,651347
2023-05-26$17.13$12.5030.5%8.8%68.5%3.6%30.6%3.6%3.5%163.3K-7.4M-36.3K0.0990.16N/AN/A141127,683347
2023-05-30$17.63$12.5030.1%8.6%68.8%3.3%30.4%3.2%3.8%164.0K-8.2M-36.3K0.0174.69N/AN/A6917,783354
2023-05-31$17.46$12.5035.7%10.2%68.5%8.6%35.6%10.6%-6.2%155.0K-8.1M-35.7K0.3693.09N/AN/A42157,761355