HUN Options History — September 2008

In September 2008, HUN traded between $0.73 and $1.34. ATM implied volatility averaged 176.7%, placing in the 93.6% IV rank vs the trailing year. The 30-day expected move averaged 50.6%. IV traded above realized volatility by 84.0% (HV 20d: 92.7%). Max pain ranged from $1.25 to $1.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2008-09-05: Highest Volume — 439,230 contracts
  • 2008-09-08: Largest IV spike — 52.2% change
  • 2008-09-02: Highest IV Rank — 100.0%
  • 2008-09-29: Largest Expected Move — 72.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.10$0.73$1.34$1.34$1.26
Max Pain$1.36$1.25$1.50$1.50$1.25
ATM IV176.7%96.7%251.1%110.2%167.2%
Expected Move50.6%27.7%72.0%31.6%47.9%
HV 20d92.7%23.3%241.6%28.7%241.6%
HV 60d98.3%70.5%142.3%111.5%142.3%
IV Rank93.6%63.8%100.0%100.0%63.8%
IV Percentile98.6%90.1%100.0%100.0%94.4%
Term Structure-19.3%-52.4%30.2%6.9%-8.1%
VWIV179.3%109.2%252.8%113.8%168.1%
Skew 25d3.2%-13.9%23.9%-8.3%4.5%
Skew 10d8.0%-17.6%34.8%-10.8%16.4%
Call IV 25d176.8%112.1%267.3%119.9%168.0%
Put IV 25d180.0%111.0%254.5%111.6%172.5%
Bid-Ask Spread %23.3513.1341.3117.8115.61
Gamma HHI0.250.230.290.260.28
Net GEX1.1M5.0K2.0M1.8M1.8M
Net DEX-28.2M-113.7M47.3M-57.9M-113.7M
Net VEX-627.5K-865.1K-358.3K-819.1K-678.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.021.930.020.51
Total Volume217,914.28650,860439,230128,650390,630
Total OI4,804,3403,556,1605,508,0904,784,0904,031,680

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$1.34$1.50110.2%31.6%28.7%100.0%113.8%-8.3%6.9%1.8M-57.9M-819.1K0.0217.81N/AN/A125,5403,1103,156,5701,627,520
2008-09-03$1.32$1.50108.0%31.0%23.3%97.7%116.6%-6.8%11.3%1.9M-57.5M-802.0K0.2021.17N/AN/A215,18042,2703,260,1901,583,380
2008-09-04$1.26$1.5096.7%27.7%26.9%85.6%109.2%-1.1%30.2%1.8M-33.8M-744.6K0.5224.20N/AN/A169,67088,2103,371,0001,598,300
2008-09-05$1.30$1.50116.7%37.6%28.5%100.0%129.6%11.6%-7.0%2.0M-52.0M-778.5K0.2213.13N/AN/A358,69080,5403,371,0001,624,250
2008-09-08$1.11$1.50177.5%47.5%60.8%100.0%159.6%23.9%-17.6%1.1M-8.6M-663.9K1.0718.73N/AN/A172,140184,7503,433,2201,695,690
2008-09-09$1.12$1.50164.5%45.2%60.8%91.9%157.2%10.3%-14.7%991.4K-8.0M-674.6K1.7018.07N/AN/A62,770106,9503,456,5901,787,340
2008-09-10$1.09$1.50161.9%47.6%60.9%90.3%165.1%9.7%-15.7%923.7K-5.4M-670.3K0.1941.31N/AN/A164,49030,4803,460,8101,805,390
2008-09-11$1.17$1.50176.9%50.7%67.2%99.6%174.9%17.0%-39.5%1.2M-41.9M-762.2K0.1928.58N/AN/A256,72048,7903,526,3001,847,900
2008-09-12$1.32$1.50176.7%50.7%81.1%99.5%176.7%18.3%-37.6%2.0M-92.4M-865.1K0.1821.40N/AN/A306,47055,4403,620,6101,873,500
2008-09-15$1.19$1.25184.7%53.0%88.3%100.0%179.8%22.0%-38.7%1.3M-35.4M-702.1K1.9330.52N/AN/A17,34033,5203,581,9001,889,990
2008-09-16$1.15$1.25199.7%57.2%88.9%100.0%194.4%15.0%-52.4%722.3K-10.7M-648.8K0.8130.38N/AN/A70,93057,3203,557,8601,913,750
2008-09-17$0.96$1.25207.2%59.4%107.1%100.0%209.3%2.4%-29.7%144.0K37.0M-517.0K0.6732.29N/AN/A69,46046,2703,583,2601,924,830
2008-09-18$0.94$1.25210.3%60.3%107.0%100.0%205.2%16.4%-43.1%5.0K47.3M-485.3K0.4729.55N/AN/A138,65065,0203,596,5501,894,160
2008-09-19$1.09$1.25221.4%63.5%121.1%100.0%225.5%-9.9%-35.0%944.2K1.3M-580.7K0.5317.81N/AN/A177,91093,4103,602,4101,887,450
2008-09-22$1.00$1.25209.8%60.2%123.7%94.4%217.6%-1.3%-17.7%801.5K-45.4M-514.7K0.2014.39N/AN/A284,23055,4802,553,2101,002,950
2008-09-23$0.98$1.25198.8%57.0%123.7%89.0%206.9%-5.3%-18.9%877.4K-42.6M-533.1K0.3717.24N/AN/A98,41036,7902,813,8601,055,760
2008-09-24$0.93$1.25206.6%59.2%124.3%92.8%212.5%-13.2%-29.1%799.4K-31.3M-498.9K0.5416.18N/AN/A43,30023,4602,883,3501,067,960
2008-09-25$0.90$1.25178.0%51.0%124.5%78.7%181.7%-11.7%-12.7%701.9K-18.7M-451.1K0.4722.19N/AN/A174,88082,8402,857,3201,076,300
2008-09-26$0.86$1.25185.7%53.2%124.5%82.5%209.2%-13.9%5.1%647.5K-15.0M-430.1K0.8523.72N/AN/A44,34037,8502,900,8301,079,250
2008-09-29$0.73$1.25251.1%72.0%133.4%100.0%252.8%-12.8%-40.4%468.8K-6.8M-358.3K0.1336.16N/AN/A54,7307,2202,929,4701,107,480
2008-09-30$1.26$1.25167.2%47.9%241.6%63.8%168.1%4.5%-8.1%1.8M-113.7M-678.0K0.5115.61N/AN/A259,470131,1602,962,3501,069,330