HUN Options History — May 2008

In May 2008, HUN traded between $2.19 and $2.37. ATM implied volatility averaged 50.6%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 31.2% (HV 20d: 19.4%). Max pain ranged from $2.25 to $2.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2008-05-22: Highest Volume — 242,190 contracts
  • 2008-05-15: Largest IV spike — 16.4% change
  • 2008-05-06: Highest IV Rank — 64.8%
  • 2008-05-13: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.28$2.19$2.37$2.30$2.19
Max Pain$2.27$2.25$2.50$2.50$2.25
ATM IV50.6%36.8%59.8%53.0%40.9%
Expected Move15.1%10.5%18.1%15.2%11.7%
HV 20d19.4%14.6%22.8%14.8%20.7%
HV 60d21.8%20.2%23.0%21.6%20.2%
IV Rank53.3%35.9%64.8%56.3%41.2%
IV Percentile81.6%63.1%94.8%86.5%67.5%
Term Structure6.6%-2.4%20.5%8.5%19.9%
VWIV52.5%37.3%63.7%52.3%38.5%
Skew 25d22.9%10.3%28.9%24.0%21.6%
Skew 10d30.8%1.3%44.7%42.5%15.2%
Call IV 25d42.9%32.5%48.5%45.7%34.3%
Put IV 25d65.8%46.3%74.5%69.7%55.9%
Bid-Ask Spread %48.6323.1776.9127.1074.70
Gamma HHI0.310.220.420.220.36
Net GEX22.7K-642.8K590.8K-642.8K418.7K
Net DEX-7.3M-20.4M7.6M7.6M-13.7M
Net VEX-289.9K-414.2K-217.0K-241.3K-414.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.174.320.730.43
Total Volume62,741.4293,570242,19023,060127,380
Total OI967,019.048798,4401,318,440823,9601,318,440

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$2.30$2.5053.0%15.2%14.8%56.3%52.3%24.0%8.5%-642.8K7.6M-241.3K0.7327.10N/AN/A13,3609,700260,160563,800
2008-05-02$2.32$2.5056.0%16.1%15.1%60.1%56.0%17.9%4.7%-479.3K1.7M-243.7K0.7123.17N/AN/A12,1608,670272,120562,940
2008-05-05$2.35$2.2555.0%17.5%15.2%58.8%58.3%26.0%-2.0%-495.3K-194.5K-237.0K1.0136.14N/AN/A1,7801,790280,820570,650
2008-05-06$2.34$2.2559.8%17.6%14.6%64.8%61.2%24.7%-2.4%-470.0K-180.5K-235.5K1.1738.25N/AN/A2,3302,720281,220572,180
2008-05-07$2.31$2.2557.5%17.3%15.4%61.9%0.0%27.5%-1.6%-463.4K2.6M-232.6K0.3539.79N/AN/A4,0201,400282,840573,830
2008-05-08$2.32$2.2558.0%17.6%15.2%62.5%0.0%26.1%-1.1%-463.4K1.7M-230.6K4.3252.33N/AN/A1,3705,920284,540575,080
2008-05-09$2.27$2.2549.4%16.8%17.7%51.8%58.5%27.9%0.2%-407.4K7.1M-224.1K0.5850.14N/AN/A4,8902,840285,810579,780
2008-05-12$2.29$2.2553.2%16.8%18.1%56.5%56.8%27.0%-0.6%-272.8K3.3M-217.0K2.0840.64N/AN/A1,8503,850289,030578,670
2008-05-13$2.35$2.2556.6%18.1%19.7%60.9%63.5%25.4%-0.7%-278.5K-1.8M-218.3K0.5651.66N/AN/A135,09075,330289,170582,170
2008-05-14$2.37$2.2551.2%17.6%19.2%54.1%56.0%23.3%0.0%250.6K-17.2M-276.3K0.1751.87N/AN/A49,4508,500411,450607,760
2008-05-15$2.34$2.2559.6%17.1%19.8%64.6%56.3%25.9%-0.1%-18.1K-8.2M-234.1K0.5155.59N/AN/A10,5505,430338,420612,870
2008-05-16$2.33$2.2556.9%16.3%19.9%61.2%63.7%25.9%2.4%295.3K-20.4M-284.7K4.2058.39N/AN/A10,86045,600443,850616,070
2008-05-19$2.27$2.2558.2%16.7%22.7%62.9%63.3%28.9%0.1%419.7K-13.1M-292.3K0.5259.36N/AN/A34,06017,550368,140430,300
2008-05-20$2.26$2.2553.5%15.3%22.5%56.9%51.0%27.4%6.5%466.6K-14.1M-303.7K0.6329.96N/AN/A24,36015,290398,940437,750
2008-05-21$2.23$2.2547.2%13.5%22.8%49.1%47.5%25.6%8.9%385.5K-12.8M-304.3K2.1676.91N/AN/A13,94030,090396,210441,050
2008-05-22$2.23$2.2540.3%11.5%22.8%40.3%40.8%16.9%15.6%275.5K-11.1M-314.8K0.9258.24N/AN/A126,460115,730419,520473,680
2008-05-23$2.22$2.2536.8%10.5%22.7%35.9%38.8%10.3%19.2%382.4K-13.0M-376.3K0.7763.94N/AN/A73,23056,510536,590585,710
2008-05-27$2.23$2.2537.1%10.6%22.8%36.4%37.3%10.5%20.5%590.8K-18.7M-401.5K1.8334.55N/AN/A2,8005,120603,380640,290
2008-05-28$2.23$2.2541.7%11.9%22.7%42.1%55.9%15.5%19.5%485.1K-17.9M-401.2K0.2046.13N/AN/A38,1907,700606,250645,190
2008-05-29$2.19$2.2540.9%11.7%22.6%41.1%41.0%23.2%20.5%497.3K-15.0M-404.2K1.8652.32N/AN/A73,300136,400638,750651,980
2008-05-30$2.19$2.2540.9%11.7%20.7%41.2%38.5%21.6%19.9%418.7K-13.7M-414.2K0.4374.70N/AN/A88,84038,540654,310664,130