HUN Options History — March 2011

In March 2011, HUN traded between $1.61 and $1.77. ATM implied volatility averaged 38.1%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 1.5% (HV 20d: 39.6%). Max pain ranged from $1.60 to $1.70. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.65.

Notable Days

  • 2011-03-25: Highest Volume — 225,610 contracts
  • 2011-03-10: Largest IV spike — 15.4% change
  • 2011-03-16: Highest IV Rank — 40.6%
  • 2011-03-16: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.70$1.61$1.77$1.69$1.74
Max Pain$1.61$1.60$1.70$1.70$1.60
ATM IV38.1%33.5%46.7%39.7%35.9%
Expected Move11.1%9.6%13.4%11.4%10.3%
HV 20d39.6%35.6%43.4%38.4%35.6%
HV 60d40.6%39.3%42.2%40.3%40.8%
IV Rank18.8%7.0%40.6%22.8%13.1%
IV Percentile29.5%6.0%76.2%37.7%15.5%
Term Structure1.9%-2.5%6.9%-1.8%6.3%
VWIV38.0%31.5%43.6%39.5%32.8%
Skew 25d1.9%-6.9%7.1%-0.9%-6.9%
Skew 10d-1.3%-22.7%14.5%-16.8%-8.7%
Call IV 25d37.2%30.2%42.9%39.3%36.6%
Put IV 25d39.1%29.0%46.6%38.4%29.7%
Bid-Ask Spread %33.9519.4973.4821.9973.48
Gamma HHI0.260.200.350.230.21
Net GEX1.5M1.1M2.1M1.2M1.9M
Net DEX-33.1M-57.8M-16.5M-28.1M-50.1M
Net VEX-192.8K-208.0K-177.2K-190.5K-191.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.023.330.670.39
Total Volume27,873.9131,400225,61012,2106,090
Total OI1,041,389.13905,3601,160,830962,7601,095,420

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-03-01$1.69$1.7039.7%11.4%38.4%22.8%39.5%-0.9%-1.8%1.2M-28.1M-190.5K0.6721.99N/AN/A7,3104,900524,260438,500
2011-03-02$1.71$1.7038.2%11.0%37.6%19.1%31.5%2.8%1.0%1.3M-30.2M-188.9K0.7221.87N/AN/A19,68014,090529,080441,610
2011-03-03$1.76$1.7036.6%10.5%38.8%14.9%40.5%2.4%3.4%1.6M-40.5M-192.3K0.2529.19N/AN/A6,4801,620538,300451,430
2011-03-04$1.73$1.6034.0%10.8%38.9%8.3%37.9%3.0%1.3%1.6M-33.7M-190.7K0.3428.00N/AN/A4,1901,410540,910451,910
2011-03-07$1.67$1.6039.0%11.4%40.3%21.0%38.3%3.9%-0.6%1.3M-23.2M-186.5K0.9721.96N/AN/A16,55016,050542,030453,050
2011-03-08$1.74$1.6038.9%12.0%42.5%20.7%41.5%6.9%-2.5%1.6M-34.7M-201.7K0.1537.18N/AN/A13,7602,000555,290466,610
2011-03-09$1.70$1.6034.4%11.3%43.0%9.4%39.1%4.9%0.5%1.6M-28.1M-196.5K1.1427.41N/AN/A4,3805,010553,370467,180
2011-03-10$1.67$1.6039.7%11.4%43.4%22.9%39.6%3.8%1.4%1.3M-21.4M-198.3K0.8325.62N/AN/A60,85050,450556,730468,590
2011-03-11$1.66$1.6040.2%11.5%43.0%24.3%39.7%4.2%1.7%1.6M-25.2M-208.0K0.0330.73N/AN/A9,170250609,330518,890
2011-03-14$1.65$1.6039.9%11.5%42.4%23.5%39.8%4.1%0.9%1.6M-24.1M-200.2K0.5128.44N/AN/A3,9102,010617,470519,020
2011-03-15$1.62$1.6045.1%12.9%39.6%36.6%43.6%3.5%-0.9%1.2M-16.5M-199.3K0.1230.35N/AN/A18,4302,250620,530520,360
2011-03-16$1.61$1.6046.7%13.4%39.5%40.6%42.5%4.0%0.4%1.3M-17.8M-200.2K3.3339.47N/AN/A2,4008,000634,080520,590
2011-03-17$1.65$1.6042.7%12.2%40.9%30.4%43.2%7.1%-1.0%1.7M-25.0M-195.0K0.6530.06N/AN/A6,2204,020628,350526,620
2011-03-18$1.66$1.6037.5%10.8%41.1%17.3%37.9%4.4%3.1%2.1M-25.4M-190.3K0.9121.15N/AN/A6,4705,900632,730528,100
2011-03-21$1.71$1.6034.3%9.8%41.9%9.2%34.8%4.7%4.1%1.1M-33.4M-177.2K0.1930.19N/AN/A46,5608,770468,450436,910
2011-03-22$1.70$1.6035.2%10.1%36.9%11.4%35.4%2.9%1.7%1.3M-34.6M-192.0K0.6519.49N/AN/A2,2601,460513,250441,870
2011-03-23$1.67$1.6033.5%9.6%36.5%7.0%32.9%0.8%3.2%1.4M-31.7M-184.5K0.2319.68N/AN/A1,140260515,110442,620
2011-03-24$1.67$1.6033.9%9.7%36.0%8.1%33.5%-0.8%3.2%1.5M-30.0M-185.1K1.4423.06N/AN/A1,8002,590515,680442,790
2011-03-25$1.77$1.6036.6%10.5%39.7%15.0%37.0%1.5%6.9%1.2M-48.6M-184.8K0.0227.31N/AN/A220,9104,700516,710445,020
2011-03-28$1.76$1.6038.1%10.9%39.9%18.8%41.0%-6.6%2.8%1.8M-57.8M-192.4K0.1461.78N/AN/A14,8002,070633,580447,700
2011-03-29$1.74$1.6037.3%10.7%37.0%16.8%38.7%1.2%6.2%1.9M-50.1M-195.8K0.4167.84N/AN/A9,4703,860638,680449,520
2011-03-30$1.73$1.6038.9%11.2%36.9%20.9%32.6%-6.3%3.0%1.9M-51.0M-193.2K0.8364.54N/AN/A9,0507,550641,490452,230
2011-03-31$1.74$1.6035.9%10.3%35.6%13.1%32.8%-6.9%6.3%1.9M-50.1M-191.5K0.3973.48N/AN/A4,3801,710639,670455,750