HUN Options History — December 2008

In December 2008, HUN traded between $0.30 and $0.62. ATM implied volatility averaged 159.8%, placing in the 60.6% IV rank vs the trailing year. The 30-day expected move averaged 47.6%. IV traded below realized volatility by 36.3% (HV 20d: 196.1%). Max pain ranged from $0.50 to $0.75. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.58.

Notable Days

  • 2008-12-15: Highest Volume — 262,650 contracts
  • 2008-12-29: Largest IV spike — 37.0% change
  • 2008-12-15: Highest IV Rank — 87.1%
  • 2008-12-15: Largest Expected Move — 63.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.45$0.30$0.62$0.60$0.34
Max Pain$0.55$0.50$0.75$0.75$0.50
ATM IV159.8%115.5%221.3%139.9%143.4%
Expected Move47.6%33.1%63.4%40.1%41.1%
HV 20d196.1%114.6%263.6%123.5%253.2%
HV 60d196.7%178.1%224.0%185.0%189.1%
IV Rank60.6%41.5%87.1%52.0%53.5%
IV Percentile82.4%69.0%98.4%79.0%73.8%
Term Structure15.3%-17.9%61.0%41.4%-2.9%
VWIV160.5%101.6%211.4%141.6%145.1%
Skew 25d8.2%-20.2%31.5%-3.8%0.8%
Skew 10d22.3%-34.6%78.9%-12.0%0.1%
Call IV 25d158.0%117.7%210.6%146.4%144.5%
Put IV 25d166.2%128.0%213.2%142.6%145.3%
Bid-Ask Spread %20.875.6533.7223.477.83
Gamma HHI0.220.150.470.170.47
Net GEX68.9K9.5K172.5K159.6K9.5K
Net DEX-383.0K-6.5M4.7M-4.9M3.2M
Net VEX-49.2K-86.3K-19.4K-85.0K-19.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.022.920.070.33
Total Volume48,529.0917,580262,65013,66015,460
Total OI1,340,042.2731,136,1301,567,0701,370,6001,212,610

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$0.60$0.75139.9%40.1%123.5%52.0%141.6%-3.8%41.4%159.6K-4.9M-85.0K0.0723.47N/AN/A12,7609001,145,800224,800
2008-12-02$0.61$0.75138.0%39.6%123.9%51.2%143.3%-2.3%29.5%168.1K-5.7M-86.3K0.0224.14N/AN/A41,5708801,145,800225,390
2008-12-03$0.59$0.75135.8%38.9%124.0%50.2%137.8%-1.8%38.6%151.4K-4.2M-81.5K0.0816.31N/AN/A20,3901,6001,130,770225,990
2008-12-04$0.55$0.75132.2%37.9%114.6%48.7%132.6%-20.2%44.7%124.2K-3.0M-74.2K0.0816.04N/AN/A34,2202,7101,120,240227,290
2008-12-05$0.59$0.50154.0%50.4%119.7%58.1%171.7%25.0%19.3%142.2K-3.6M-75.0K0.0233.72N/AN/A37,1606501,111,750227,680
2008-12-08$0.62$0.50161.0%53.2%121.4%61.1%183.8%31.5%18.8%172.5K-6.5M-85.4K2.9229.71N/AN/A10,53030,7101,107,330228,280
2008-12-09$0.59$0.50149.9%55.1%115.8%56.3%186.7%-7.2%5.2%142.5K-3.9M-79.1K1.3428.38N/AN/A15,34020,5701,113,180256,080
2008-12-10$0.58$0.50138.8%53.8%115.2%51.5%188.5%25.6%8.2%129.2K-3.1M-78.7K0.9726.12N/AN/A5,9805,8001,119,720275,700
2008-12-11$0.54$0.50186.2%53.4%116.2%72.0%180.9%22.7%13.7%75.6K-1.5M-67.7K0.4929.60N/AN/A60,29029,8001,120,050276,680
2008-12-12$0.58$0.50183.3%52.5%117.6%70.7%170.2%21.6%8.3%89.4K-3.1M-80.9K0.0730.92N/AN/A19,6601,4501,139,080305,160
2008-12-15$0.30$0.50221.3%63.4%259.1%87.1%211.4%2.6%-14.4%9.5K4.7M-25.5K0.5610.03N/AN/A168,25094,4001,140,780305,790
2008-12-16$0.30$0.50209.2%60.0%259.7%81.9%207.5%6.3%3.4%9.9K4.1M-23.8K0.7011.93N/AN/A50,39035,0501,175,720315,740
2008-12-17$0.32$0.50207.4%59.5%263.0%81.1%193.4%15.8%-6.2%16.9K2.3M-25.3K0.2823.08N/AN/A47,92013,5601,203,450278,980
2008-12-18$0.34$0.50195.8%56.1%261.1%76.1%179.6%19.7%-0.1%23.1K1.7M-29.2K0.4216.10N/AN/A47,43019,8201,234,660286,710
2008-12-19$0.35$0.50183.1%52.5%261.7%70.6%176.0%3.6%-1.1%20.7K1.6M-29.4K0.3723.38N/AN/A21,6908,0901,264,380302,690
2008-12-22$0.36$0.50163.9%47.0%263.3%62.4%151.7%14.3%12.9%13.6K1.8M-25.8K0.6920.78N/AN/A43,56029,860893,470242,660
2008-12-23$0.35$0.50136.1%39.0%263.4%50.4%136.5%-0.2%27.2%12.7K2.2M-23.0K0.7726.30N/AN/A21,41016,450902,910243,240
2008-12-24$0.35$0.50145.2%41.6%263.6%54.3%125.6%3.8%-3.0%10.1K2.3M-22.8K0.235.65N/AN/A26,4805,970916,160256,370
2008-12-26$0.35$0.50115.5%33.1%261.4%41.5%107.9%27.0%61.0%13.3K2.1M-23.2K0.2023.56N/AN/A6,3101,270932,730256,410
2008-12-29$0.34$0.50158.1%45.3%258.6%59.9%157.3%-9.9%-17.9%11.4K2.4M-20.7K0.6723.68N/AN/A7,8305,250935,580256,700
2008-12-30$0.34$0.50117.6%33.7%253.8%42.4%101.6%5.6%50.1%10.9K2.6M-19.8K1.598.41N/AN/A10,91017,310937,710258,710
2008-12-31$0.34$0.50143.4%41.1%253.2%53.5%145.1%0.8%-2.9%9.5K3.2M-19.4K0.337.83N/AN/A11,6403,820938,850273,760