HUN Options History — March 2013

In March 2013, HUN traded between $1.75 and $1.94. ATM implied volatility averaged 30.5%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 7.3% (HV 20d: 37.8%). Max pain ranged from $1.70 to $1.80. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2013-03-04: Highest Volume — 242,920 contracts
  • 2013-03-11: Largest IV spike — 11.9% change
  • 2013-03-04: Highest IV Rank — 38.1%
  • 2013-03-01: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.88$1.75$1.94$1.75$1.86
Max Pain$1.76$1.70$1.80$1.70$1.80
ATM IV30.5%27.3%36.8%35.2%27.3%
Expected Move8.6%7.8%10.1%10.1%7.8%
HV 20d37.8%27.6%47.2%44.0%29.5%
HV 60d33.8%31.8%34.6%31.8%34.6%
IV Rank25.1%18.4%38.1%34.8%18.4%
IV Percentile11.0%1.6%36.5%29.8%1.6%
Term Structure4.3%-1.6%7.5%-1.6%7.5%
VWIV30.3%27.8%35.0%34.2%29.2%
Skew 25d2.5%0.5%5.1%5.1%2.1%
Skew 10d6.6%-4.1%17.5%12.6%7.5%
Call IV 25d29.4%26.9%34.6%29.5%28.7%
Put IV 25d31.9%29.6%37.1%34.6%30.8%
Bid-Ask Spread %17.3610.9326.1619.4118.99
Gamma HHI0.180.150.380.180.17
Net GEX2.3M1.6M4.5M1.6M2.4M
Net DEX-75.3M-107.9M-53.6M-66.6M-67.3M
Net VEX-291.8K-387.3K-245.7K-387.3K-321.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.032.910.240.14
Total Volume70,9927,050242,92032,86035,440
Total OI1,277,709.51,146,3101,407,8401,346,3201,381,720

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-03-01$1.75$1.7035.2%10.1%44.0%34.8%34.2%5.1%-1.6%1.6M-66.6M-387.3K0.2419.41N/AN/A26,5406,320845,130501,190
2013-03-04$1.84$1.7036.8%10.0%47.0%38.1%35.0%2.5%3.3%1.9M-89.5M-374.9K0.1120.64N/AN/A219,47023,450851,780503,570
2013-03-05$1.87$1.7034.5%9.4%47.2%33.3%33.0%1.5%2.8%2.2M-99.6M-362.9K0.2220.95N/AN/A84,26018,940882,770511,910
2013-03-06$1.90$1.7031.5%9.1%47.2%27.2%32.3%2.6%2.7%2.3M-99.5M-346.3K0.2619.81N/AN/A61,66015,980856,250511,610
2013-03-07$1.90$1.7030.2%8.9%47.2%24.5%30.9%2.8%2.5%2.4M-98.7M-323.4K0.3016.18N/AN/A119,84035,840838,710507,100
2013-03-08$1.94$1.7030.7%8.9%44.7%25.6%31.3%0.5%3.0%2.4M-107.9M-305.1K0.0410.93N/AN/A159,8606,260842,580537,910
2013-03-11$1.94$1.7034.4%8.7%44.7%33.1%29.8%1.4%2.9%2.7M-104.3M-289.8K0.4218.56N/AN/A53,29022,300869,510538,330
2013-03-12$1.93$1.7032.8%8.5%44.6%29.9%29.2%2.1%3.8%2.8M-101.3M-261.6K0.0314.60N/AN/A97,9402,720843,840526,460
2013-03-13$1.89$1.8030.6%8.2%37.3%25.3%29.9%2.5%4.4%2.5M-63.2M-255.7K0.2619.32N/AN/A14,6903,760677,810527,250
2013-03-14$1.92$1.8028.2%8.1%36.8%20.4%28.7%3.2%5.0%2.7M-67.0M-248.9K0.0416.75N/AN/A25,210900669,750525,030
2013-03-15$1.90$1.8028.3%8.1%37.0%20.5%28.0%2.0%5.0%4.5M-66.4M-253.7K0.0917.18N/AN/A27,4102,440684,790525,590
2013-03-18$1.93$1.8028.0%8.0%35.8%19.9%28.1%2.5%5.5%2.2M-68.1M-258.3K0.8718.92N/AN/A8,6007,460666,950479,360
2013-03-19$1.88$1.8027.7%7.9%36.4%19.4%28.6%1.8%5.9%2.1M-59.4M-255.6K0.4415.97N/AN/A13,6905,970668,600483,700
2013-03-20$1.90$1.8027.7%7.9%31.3%19.4%27.8%3.5%5.5%2.1M-63.1M-253.7K0.1921.58N/AN/A7,4001,380673,770485,660
2013-03-21$1.87$1.8028.4%8.1%30.2%20.7%31.0%2.9%5.1%2.0M-57.3M-253.9K2.9111.35N/AN/A5,37015,640676,080486,680
2013-03-22$1.87$1.8029.4%8.4%30.0%22.9%29.8%2.2%4.4%2.0M-56.5M-254.9K0.8212.29N/AN/A3,8803,170678,500498,940
2013-03-25$1.85$1.8030.4%8.7%28.5%24.9%30.0%2.8%4.5%1.9M-53.6M-245.7K0.8314.19N/AN/A50,66042,200678,670499,590
2013-03-26$1.86$1.8028.1%8.1%27.6%20.1%28.8%3.2%6.9%2.0M-60.0M-267.7K0.0426.16N/AN/A140,0005,290719,250534,670
2013-03-27$1.82$1.8030.1%8.6%29.5%24.4%30.1%2.0%6.0%2.2M-56.6M-315.2K0.2513.37N/AN/A35,6408,970827,000536,180
2013-03-28$1.86$1.8027.3%7.8%29.5%18.4%29.2%2.1%7.5%2.4M-67.3M-321.2K0.1418.99N/AN/A31,2104,230841,590540,130