HUN Options History — August 2008

In August 2008, HUN traded between $1.30 and $1.44. ATM implied volatility averaged 96.7%, placing in the 87.7% IV rank vs the trailing year. The 30-day expected move averaged 29.3%. IV traded above realized volatility by 55.7% (HV 20d: 41.1%). Max pain ranged from $1.50 to $1.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2008-08-01: Highest Volume — 931,790 contracts
  • 2008-08-11: Largest IV spike — 16.7% change
  • 2008-08-01: Highest IV Rank — 100.0%
  • 2008-08-04: Largest Expected Move — 34.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.38$1.30$1.44$1.32$1.30
Max Pain$1.51$1.50$1.75$1.75$1.50
ATM IV96.7%73.8%108.5%108.5%101.9%
Expected Move29.3%27.3%34.7%31.1%29.2%
HV 20d41.1%28.4%61.2%61.2%28.8%
HV 60d111.3%110.7%111.5%110.7%111.4%
IV Rank87.7%64.0%100.0%100.0%92.8%
IV Percentile94.5%84.9%100.0%100.0%96.0%
Term Structure0.8%-10.7%15.3%9.7%6.0%
VWIV102.4%94.1%121.8%121.8%111.1%
Skew 25d3.3%-12.6%11.2%-4.9%-12.6%
Skew 10d15.6%-15.8%62.8%-7.3%-15.8%
Call IV 25d100.9%93.1%119.0%116.4%119.0%
Put IV 25d104.1%93.3%121.4%111.5%106.4%
Bid-Ask Spread %18.4611.3332.8811.9216.25
Gamma HHI0.300.270.340.320.27
Net GEX1.7M846.7K2.2M846.7K1.8M
Net DEX-44.8M-73.6M4.8M4.8M-51.2M
Net VEX-827.9K-915.5K-700.2K-700.2K-767.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.061.450.511.36
Total Volume214,798.09526,330931,790931,790360,960
Total OI5,256,723.813,942,8306,522,2905,232,3604,525,060

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$1.32$1.75108.5%31.1%61.2%100.0%121.8%-4.9%9.7%846.7K4.8M-700.2K0.5111.92N/AN/A618,810312,9803,182,7002,049,660
2008-08-04$1.36$1.5097.9%34.7%56.4%88.9%118.2%9.2%-5.7%1.3M-35.2M-824.1K0.7415.95N/AN/A233,000171,6503,618,2902,235,780
2008-08-05$1.42$1.5090.4%31.3%57.3%81.2%107.6%11.2%-9.8%1.5M-47.2M-873.7K0.9732.88N/AN/A119,890116,8003,631,5602,245,970
2008-08-06$1.41$1.5078.5%28.6%57.7%68.9%98.8%5.1%-4.5%1.5M-30.5M-829.1K0.4823.96N/AN/A403,140194,7603,623,0102,293,300
2008-08-07$1.38$1.5073.8%28.4%53.7%64.0%96.4%3.2%2.1%1.7M-32.1M-911.3K0.3421.11N/AN/A75,97025,9403,964,7802,386,350
2008-08-08$1.39$1.5082.2%27.8%48.3%72.7%96.1%3.9%-1.6%1.7M-43.5M-915.5K0.7924.36N/AN/A25,91020,3803,972,2302,361,160
2008-08-11$1.41$1.5095.9%27.3%46.4%86.9%94.1%-0.3%-2.4%1.8M-39.7M-871.3K0.5517.20N/AN/A98,18053,9703,943,3502,373,190
2008-08-12$1.41$1.5095.6%28.0%45.8%86.6%97.3%4.2%-2.4%1.7M-35.5M-880.1K1.4520.20N/AN/A40,84059,1203,982,5002,434,230
2008-08-13$1.42$1.5094.6%29.0%45.5%85.6%101.1%9.2%-8.5%1.9M-42.4M-888.5K0.4218.35N/AN/A18,5707,7604,031,0102,435,690
2008-08-14$1.44$1.50104.5%30.0%36.0%95.8%100.7%9.5%-9.8%2.2M-47.0M-883.3K0.7418.46N/AN/A136,320101,4604,036,0802,417,120
2008-08-15$1.43$1.50104.8%30.1%36.0%96.2%101.1%4.5%-10.7%1.8M-25.2M-872.9K0.3020.76N/AN/A173,00051,1104,062,6602,459,630
2008-08-18$1.40$1.50102.0%29.3%36.2%93.3%101.3%2.8%2.2%1.7M-73.6M-834.6K0.5820.56N/AN/A127,06073,7802,657,2101,285,620
2008-08-19$1.38$1.5097.3%27.9%35.8%88.3%97.8%6.8%4.6%1.7M-60.5M-813.5K0.3715.79N/AN/A128,21047,8402,720,6601,325,930
2008-08-20$1.37$1.5096.1%27.5%35.6%86.9%95.0%0.6%6.2%1.9M-60.9M-825.5K0.7616.83N/AN/A68,95052,6102,875,0801,360,410
2008-08-21$1.35$1.50100.2%28.7%35.3%91.3%99.4%8.2%3.1%1.8M-54.7M-790.1K0.3211.33N/AN/A63,76020,1602,816,2201,365,580
2008-08-22$1.37$1.50103.1%29.6%29.2%94.3%97.9%8.7%3.0%1.9M-59.6M-820.4K0.1013.11N/AN/A64,0006,2002,857,0901,373,410
2008-08-25$1.35$1.50104.3%29.9%29.3%95.5%99.1%7.5%2.7%1.9M-56.4M-775.8K0.0614.81N/AN/A43,5502,5602,919,5701,376,530
2008-08-26$1.35$1.5099.9%28.6%28.4%90.7%102.2%3.5%7.4%2.0M-53.6M-774.2K0.0620.31N/AN/A189,58012,2602,950,5401,376,820
2008-08-27$1.31$1.50100.3%28.8%29.8%91.1%109.7%-10.2%10.5%1.8M-47.9M-767.8K0.3517.58N/AN/A87,28030,2903,033,8801,388,470
2008-08-28$1.31$1.5099.5%28.5%29.6%90.2%104.5%-1.5%15.3%1.8M-49.8M-766.1K1.2515.90N/AN/A32,02040,1303,035,4801,407,390
2008-08-29$1.30$1.50101.9%29.2%28.8%92.8%111.1%-12.6%6.0%1.8M-51.2M-767.1K1.3616.25N/AN/A153,090207,8703,079,2801,445,780