HUN Options History — July 2008

In July 2008, HUN traded between $1.03 and $1.41. ATM implied volatility averaged 91.9%, placing in the 85.3% IV rank vs the trailing year. The 30-day expected move averaged 28.1%. IV traded below realized volatility by 39.0% (HV 20d: 131.0%). Max pain ranged from $1.50 to $1.75. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2008-07-31: Highest Volume — 703,700 contracts
  • 2008-07-10: Largest IV spike — 41.1% change
  • 2008-07-11: Highest IV Rank — 100.0%
  • 2008-07-07: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.23$1.03$1.41$1.11$1.35
Max Pain$1.55$1.50$1.75$1.50$1.50
ATM IV91.9%71.2%108.4%99.3%87.5%
Expected Move28.1%23.1%37.5%28.5%25.1%
HV 20d131.0%60.1%188.7%177.1%60.1%
HV 60d108.2%104.3%110.9%104.3%110.7%
IV Rank85.3%66.3%100.0%97.2%78.3%
IV Percentile96.1%90.1%100.0%99.6%92.1%
Term Structure9.8%-13.5%32.1%11.4%26.6%
VWIV100.3%74.2%131.8%96.5%81.8%
Skew 25d-3.8%-17.5%11.3%11.3%-7.6%
Skew 10d-10.3%-23.3%1.4%-16.1%-5.2%
Call IV 25d103.6%74.0%125.6%83.6%101.3%
Put IV 25d99.8%78.7%133.4%94.9%93.7%
Bid-Ask Spread %18.8810.1030.5430.5415.57
Gamma HHI0.250.190.360.240.28
Net GEX683.4K-150.0K1.4M74.7K975.2K
Net DEX17.2M-54.0M84.3M84.3M-28.8M
Net VEX-538.9K-686.0K-369.7K-384.4K-619.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.041.830.041.11
Total Volume205,202.72713,440703,700381,870703,700
Total OI4,388,672.7273,751,8004,998,1003,751,8004,546,870

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$1.11$1.5099.3%28.5%177.1%97.2%96.5%11.3%11.4%74.7K84.3M-384.4K0.0430.54N/AN/A366,32015,5502,164,0101,587,790
2008-07-02$1.08$1.5080.6%23.1%176.3%76.7%81.8%-2.5%32.1%183.4K76.2M-405.0K0.2529.98N/AN/A192,20048,3902,447,7401,607,400
2008-07-03$1.08$1.5081.2%23.3%176.3%77.3%74.2%4.7%30.7%259.1K71.8M-430.5K0.9017.43N/AN/A36,38032,6302,585,2401,645,550
2008-07-07$1.03$1.7579.6%37.5%176.4%75.6%131.8%3.0%-13.5%2.5K76.7M-383.6K0.1327.18N/AN/A99,80012,6702,558,7801,639,050
2008-07-08$1.03$1.7587.8%37.2%176.4%84.6%127.8%9.8%-11.4%23.1K74.9M-386.2K0.1124.10N/AN/A38,4304,0902,609,1801,637,210
2008-07-09$1.03$1.7571.2%32.3%176.1%66.3%113.6%-0.6%3.7%-150.0K80.5M-369.7K1.1728.31N/AN/A83,77097,7802,570,3001,633,150
2008-07-10$1.12$1.75100.4%28.8%181.1%98.5%104.0%-4.9%11.2%208.4K68.9M-431.6K0.2117.88N/AN/A375,88080,2102,605,0401,672,890
2008-07-11$1.20$1.50103.2%29.6%184.5%100.0%103.0%-13.3%1.9%766.9K26.6M-581.0K0.6521.74N/AN/A70,96046,3702,925,4801,740,860
2008-07-14$1.17$1.50104.7%30.0%184.2%100.0%105.5%-9.9%2.6%568.0K46.1M-511.2K0.0823.41N/AN/A12,4509902,906,3301,760,650
2008-07-15$1.21$1.50107.4%30.8%185.3%100.0%113.7%4.9%1.2%910.2K42.1M-516.9K0.4016.56N/AN/A59,76024,1802,905,9001,760,730
2008-07-16$1.20$1.50108.4%31.1%185.5%100.0%114.9%3.1%2.5%993.2K37.3M-530.0K0.2715.33N/AN/A15,1204,1402,931,1901,764,570
2008-07-17$1.30$1.5098.2%28.2%188.7%89.6%102.0%-1.1%13.9%1.4M6.0M-586.9K0.3813.23N/AN/A335,820128,2402,946,1101,757,400
2008-07-18$1.32$1.5091.4%26.2%78.0%82.6%93.4%-7.6%13.1%941.5K-10.2M-609.0K1.8313.37N/AN/A78,050142,9803,198,9101,799,190
2008-07-21$1.30$1.5090.1%25.8%78.4%81.2%93.5%-4.3%17.0%825.2K-18.2M-602.4K0.9110.10N/AN/A98,24089,2702,589,6201,458,210
2008-07-22$1.33$1.5086.7%24.8%78.8%77.5%95.4%-7.4%11.0%789.7K-24.5M-613.5K0.2610.84N/AN/A339,72088,1202,606,9501,529,640
2008-07-23$1.35$1.5081.9%23.5%78.6%72.6%91.6%-9.9%12.7%1.1M-31.5M-650.6K0.7213.05N/AN/A21,74015,6502,829,4701,562,580
2008-07-24$1.33$1.5086.8%24.9%77.8%77.6%91.1%0.1%11.7%772.1K-14.6M-597.3K0.5617.87N/AN/A76,37042,6002,708,4601,548,380
2008-07-25$1.40$1.5094.8%27.2%73.0%85.9%90.3%-17.5%9.0%1.2M-54.0M-686.0K0.5320.99N/AN/A170,78091,1802,821,6301,583,450
2008-07-28$1.41$1.5098.3%28.2%64.2%89.5%99.4%-8.7%4.0%1.1M-50.0M-661.6K1.0618.21N/AN/A17,27018,2602,829,1301,607,290
2008-07-29$1.38$1.5097.4%27.9%62.4%88.6%97.1%-10.0%7.7%1.1M-43.8M-641.6K0.1812.14N/AN/A225,71041,7102,822,0001,606,300
2008-07-30$1.36$1.5085.8%24.6%61.8%76.6%103.9%-14.9%16.8%1.0M-36.7M-656.5K0.2417.48N/AN/A57,26013,7202,904,0301,636,140
2008-07-31$1.35$1.5087.5%25.1%60.1%78.3%81.8%-7.6%26.6%975.2K-28.8M-619.5K1.1115.57N/AN/A334,180369,5202,908,4701,638,400