HUN Options History — March 2009

In March 2009, HUN traded between $0.22 and $0.35. ATM implied volatility averaged 112.8%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 33.0%. IV traded above realized volatility by 6.7% (HV 20d: 106.1%). Max pain ranged from $0.25 to $0.25. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.22.

Notable Days

  • 2009-03-16: Highest Volume — 44,130 contracts
  • 2009-03-03: Largest IV drop — 27.3% change
  • 2009-03-11: Highest IV Rank — 47.7%
  • 2009-03-10: Largest Expected Move — 38.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.29$0.22$0.35$0.26$0.31
Max Pain$0.25$0.25$0.25$0.25$0.25
ATM IV112.8%89.8%130.7%123.7%116.7%
Expected Move33.0%25.8%38.1%35.5%33.4%
HV 20d106.1%84.7%122.1%105.9%87.9%
HV 60d116.8%84.2%163.9%160.6%88.0%
IV Rank38.4%30.4%47.7%45.0%37.3%
IV Percentile56.5%38.5%69.4%66.7%57.9%
Term Structure25.8%-1.6%62.9%-1.6%44.7%
VWIV110.6%78.4%135.6%124.1%91.8%
Skew 25d4.7%-14.3%31.5%-11.6%-4.7%
Skew 10d12.4%-21.7%58.3%46.4%27.3%
Call IV 25d134.4%106.9%161.8%149.5%136.4%
Put IV 25d139.0%127.6%158.4%137.8%131.7%
Bid-Ask Spread %28.7015.3846.2322.1846.23
Gamma HHI0.570.480.720.560.60
Net GEX22.2K7.3K33.7K18.4K30.0K
Net DEX-2.0M-3.0M-474.7K-983.4K-2.5M
Net VEX-13.7K-17.9K-8.3K-13.5K-16.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.020.900.570.16
Total Volume12,588.1821,82044,1309,0806,910
Total OI383,250.909360,890402,240370,850385,010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$0.26$0.25123.7%35.5%105.9%45.0%124.1%-11.6%-1.6%18.4K-983.4K-13.5K0.5722.18N/AN/A5,7903,290263,410107,440
2009-03-03$0.24$0.2589.8%25.8%107.8%30.4%104.0%-5.1%19.5%17.0K-796.1K-12.8K0.1130.86N/AN/A7,190780263,130106,590
2009-03-04$0.24$0.25109.8%31.5%107.8%39.0%110.1%0.0%20.0%17.9K-827.4K-12.6K0.0522.51N/AN/A6,670350269,180106,860
2009-03-05$0.22$0.25108.3%31.0%115.0%38.3%95.8%-3.4%11.3%15.0K-547.1K-10.8K0.4028.34N/AN/A5,4902,210270,790106,710
2009-03-06$0.23$0.2597.7%36.0%111.6%33.8%0.0%-0.5%25.5%16.5K-474.7K-11.3K0.0218.31N/AN/A13,200310272,160108,460
2009-03-09$0.25$0.25107.9%33.8%115.7%38.2%118.0%0.0%30.2%25.2K-1.0M-12.7K0.0720.39N/AN/A17,1601,270283,530108,560
2009-03-10$0.28$0.25112.7%38.1%122.1%39.9%135.6%-14.3%7.3%28.1K-1.5M-13.9K0.1922.56N/AN/A15,1902,840283,950109,570
2009-03-11$0.28$0.25130.7%36.0%117.7%47.7%127.0%-2.0%13.3%29.0K-1.4M-13.9K0.2015.38N/AN/A22,4704,600283,070110,820
2009-03-12$0.30$0.25118.5%34.0%118.4%42.0%0.0%17.0%3.6%23.1K-2.2M-14.9K0.0425.98N/AN/A15,310660271,430111,950
2009-03-13$0.30$0.25117.0%33.6%117.2%40.2%100.7%13.7%23.4%26.7K-2.3M-15.5K0.1425.44N/AN/A13,6201,960275,860111,300
2009-03-16$0.31$0.25110.2%31.6%117.1%37.2%110.0%-1.3%20.8%24.5K-2.7M-15.0K0.0733.34N/AN/A41,0503,080276,500109,800
2009-03-17$0.31$0.25112.9%32.4%112.4%38.4%111.8%5.4%5.7%27.6K-2.9M-15.8K0.2635.33N/AN/A4,3401,120288,220110,520
2009-03-18$0.32$0.25107.5%30.8%109.9%36.0%0.0%31.5%35.2%7.3K-3.0M-8.3K0.0632.18N/AN/A3,190200288,850111,630
2009-03-19$0.32$0.25117.9%33.8%109.4%40.6%0.0%28.0%17.2%7.6K-2.9M-8.4K0.9032.18N/AN/A960860289,820111,770
2009-03-20$0.31$0.25109.5%31.4%106.5%36.9%0.0%10.4%27.5%22.5K-2.9M-15.1K0.0730.60N/AN/A8,180550289,750112,490
2009-03-23$0.32$0.25109.5%31.4%99.9%36.8%0.0%6.2%41.2%24.8K-2.4M-15.3K0.4423.04N/AN/A8,3403,690265,86095,030
2009-03-24$0.31$0.25128.7%36.9%93.4%44.9%0.0%9.3%9.9%24.0K-2.2M-15.3K0.3430.18N/AN/A5,9502,010266,12097,990
2009-03-25$0.32$0.25122.0%35.0%89.7%39.7%0.0%-2.3%62.9%24.7K-2.4M-15.7K0.0726.55N/AN/A15,9301,110271,52098,810
2009-03-26$0.35$0.25108.9%31.2%93.3%33.6%78.4%12.5%56.0%33.7K-3.0M-17.9K0.1645.13N/AN/A8,7201,410277,74099,900
2009-03-27$0.35$0.25110.3%31.6%84.7%34.3%130.5%5.5%40.4%13.3K-2.7M-10.6K0.2018.45N/AN/A8,8301,770278,75099,560
2009-03-30$0.32$0.25111.5%32.0%91.4%34.9%91.8%-1.5%53.8%30.9K-2.5M-16.0K0.2146.23N/AN/A6,9101,470281,55099,560
2009-03-31$0.31$0.25116.7%33.4%87.9%37.3%0.0%-4.7%44.7%30.0K-2.5M-16.1K0.1646.23N/AN/A5,960950284,190100,820