HUN Options History — August 2011

In August 2011, HUN traded between $1.12 and $1.92. ATM implied volatility averaged 72.3%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 66.0% (HV 20d: 138.3%). Max pain ranged from $1.20 to $1.70. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.54.

Notable Days

2011-08-04: Highest Volume — 263,370 contracts
2011-08-04: Largest IV spike — 122.5% change
2011-08-04: Highest IV Rank — 100.0%
2011-08-04: Largest Expected Move — 32.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.35	$1.12	$1.92	$1.92	$1.31
Max Pain	$1.37	$1.20	$1.70	$1.70	$1.20
ATM IV	72.3%	44.1%	120.8%	44.1%	52.1%
Expected Move	19.3%	12.7%	32.4%	12.7%	14.9%
HV 20d	138.3%	28.0%	162.9%	28.0%	162.3%
HV 60d	85.1%	31.8%	97.5%	31.8%	97.2%
IV Rank	56.0%	25.8%	100.0%	63.0%	26.9%
IV Percentile	96.0%	84.9%	100.0%	84.9%	92.9%
Term Structure	-8.3%	-56.9%	2.2%	-4.8%	2.0%
VWIV	66.0%	44.2%	99.8%	44.2%	53.4%
Skew 25d	6.0%	-41.3%	12.0%	7.0%	10.9%
Skew 10d	10.6%	-54.8%	37.2%	11.2%	11.3%
Call IV 25d	62.7%	42.8%	99.0%	42.8%	47.6%
Put IV 25d	68.7%	49.8%	88.6%	49.8%	58.5%
Bid-Ask Spread %	27.44	15.17	54.85	22.05	54.85
Gamma HHI	0.19	0.12	0.36	0.15	0.16
Net GEX	128.3K	-829.0K	2.1M	2.1M	388.0K
Net DEX	15.1M	-62.1M	49.5M	-62.1M	-5.0M
Net VEX	-102.8K	-182.1K	-64.8K	-181.5K	-84.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.01	2.33	0.10	0.16
Total Volume	45,605.217	8,760	263,370	8,760	26,330
Total OI	1,091,059.565	513,110	1,474,120	1,167,360	607,320

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2011-08-01	$1.92	$1.70	44.1%	12.7%	28.0%	63.0%	44.2%	7.0%	-4.8%	2.1M	-62.1M	-181.5K	0.10	22.05	N/A	N/A	7,940	820	729,320	438,040
2011-08-02	$1.81	$1.70	47.5%	13.6%	34.6%	75.3%	47.7%	5.5%	-3.2%	1.6M	-37.2M	-179.4K	2.33	21.95	N/A	N/A	10,160	23,650	732,730	438,230
2011-08-03	$1.80	$1.70	50.8%	14.6%	33.9%	87.5%	51.1%	9.7%	-6.6%	1.4M	-31.9M	-182.1K	0.64	22.57	N/A	N/A	65,410	41,780	735,410	457,600
2011-08-04	$1.25	$1.70	113.1%	32.4%	131.4%	100.0%	99.8%	-41.3%	-56.9%	-211.1K	38.2M	-91.4K	0.58	31.00	N/A	N/A	166,570	96,800	758,550	468,820
2011-08-05	$1.27	$1.50	94.2%	20.2%	132.1%	78.1%	69.5%	3.6%	-10.2%	-278.6K	42.1M	-93.1K	0.36	33.33	N/A	N/A	65,800	23,410	818,960	500,310
2011-08-08	$1.12	$1.50	120.8%	25.4%	137.0%	100.0%	86.7%	5.4%	-16.5%	-86.1K	42.3M	-71.2K	2.19	33.40	N/A	N/A	33,710	73,960	864,730	507,590
2011-08-09	$1.31	$1.40	103.8%	22.6%	151.2%	82.0%	75.6%	7.2%	-16.2%	-337.8K	39.3M	-113.4K	0.11	36.09	N/A	N/A	72,880	7,810	871,330	544,020
2011-08-10	$1.24	$1.30	112.1%	23.3%	151.3%	90.7%	79.8%	6.5%	-12.7%	-222.8K	41.1M	-103.8K	0.81	22.35	N/A	N/A	20,300	16,490	902,510	544,670
2011-08-11	$1.36	$1.30	75.5%	21.6%	156.6%	51.7%	75.7%	9.1%	-10.2%	-421.3K	32.6M	-128.5K	0.36	38.40	N/A	N/A	20,670	7,370	901,690	543,800
2011-08-12	$1.39	$1.30	72.6%	20.8%	156.8%	48.7%	72.3%	9.0%	-9.8%	-606.9K	33.7M	-125.8K	0.30	26.30	N/A	N/A	14,180	4,240	909,210	547,770
2011-08-15	$1.43	$1.30	68.2%	19.6%	157.5%	44.0%	67.9%	9.8%	-7.6%	-829.0K	30.1M	-121.3K	0.39	19.77	N/A	N/A	13,950	5,490	914,490	549,170
2011-08-16	$1.38	$1.30	65.9%	18.9%	157.1%	41.5%	65.2%	5.7%	-5.8%	-679.5K	37.9M	-108.2K	0.45	22.02	N/A	N/A	13,780	6,140	921,920	550,980
2011-08-17	$1.35	$1.30	63.2%	18.1%	156.4%	38.6%	62.6%	8.0%	-4.9%	-338.0K	43.9M	-97.0K	0.83	22.85	N/A	N/A	7,780	6,420	921,970	552,150
2011-08-18	$1.25	$1.30	75.9%	21.8%	157.3%	52.2%	71.6%	8.0%	-11.3%	43.5K	48.7M	-80.4K	0.49	20.38	N/A	N/A	11,730	5,780	918,050	548,420
2011-08-19	$1.17	$1.30	73.2%	21.0%	157.7%	49.3%	72.6%	9.8%	-6.9%	7.6K	49.5M	-69.1K	1.17	29.03	N/A	N/A	11,720	13,670	923,060	548,510
2011-08-22	$1.15	$1.30	69.5%	19.9%	157.7%	45.4%	70.0%	8.2%	-3.6%	43.3K	5.2M	-64.8K	0.23	15.17	N/A	N/A	14,270	3,330	356,890	156,220
2011-08-23	$1.20	$1.30	67.6%	19.4%	158.8%	43.4%	66.3%	10.9%	-3.3%	67.0K	4.1M	-70.9K	0.01	28.59	N/A	N/A	35,110	520	366,470	158,460
2011-08-24	$1.22	$1.20	64.4%	18.5%	159.4%	39.9%	61.7%	9.4%	-2.9%	151.6K	1.8M	-74.4K	0.07	19.06	N/A	N/A	17,430	1,240	395,950	158,700
2011-08-25	$1.21	$1.20	63.1%	18.1%	159.2%	38.6%	61.5%	12.0%	-3.1%	161.5K	1.7M	-74.6K	0.17	16.09	N/A	N/A	15,490	2,700	405,930	158,660
2011-08-26	$1.23	$1.20	60.7%	17.4%	159.7%	36.0%	58.3%	8.0%	-1.5%	193.7K	1.1M	-77.7K	0.07	49.99	N/A	N/A	21,600	1,480	416,990	160,380
2011-08-29	$1.32	$1.20	54.3%	15.6%	162.9%	29.2%	52.5%	9.1%	2.0%	336.0K	-4.2M	-85.2K	0.15	22.58	N/A	N/A	23,960	3,670	426,330	160,490
2011-08-30	$1.33	$1.20	51.1%	14.6%	162.3%	25.8%	51.4%	5.7%	2.2%	394.4K	-5.3M	-85.6K	0.40	23.27	N/A	N/A	8,110	3,270	439,750	161,820
2011-08-31	$1.31	$1.20	52.1%	14.9%	162.3%	26.9%	53.4%	10.9%	2.0%	388.0K	-5.0M	-84.9K	0.16	54.85	N/A	N/A	22,630	3,700	445,710	161,610