HUN Options History — July 2014

In July 2014, HUN traded between $2.78 and $27.66. ATM implied volatility averaged 26.5%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 675.3% (HV 20d: 701.8%). Max pain ranged from $2.60 to $27.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.40.

Notable Days

2014-07-03: Highest Volume — 15,700 contracts
2014-07-30: Largest IV drop — 29.6% change
2014-07-29: Highest IV Rank — 54.3%
2014-07-14: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.82	$2.78	$27.66	$2.80	$26.05
Max Pain	$23.45	$2.60	$27.00	$2.70	$27.00
ATM IV	26.5%	18.5%	32.3%	21.1%	24.6%
Expected Move	7.8%	7.4%	8.0%	7.9%	7.5%
HV 20d	701.8%	20.1%	810.0%	20.1%	810.0%
HV 60d	406.4%	21.5%	467.3%	22.2%	467.3%
IV Rank	37.4%	14.1%	54.3%	21.5%	32.0%
IV Percentile	46.4%	1.2%	78.2%	3.2%	32.1%
Term Structure	-0.9%	-5.3%	7.6%	6.5%	-0.8%
VWIV	27.4%	25.4%	33.2%	28.0%	28.0%
Skew 25d	2.2%	-4.0%	5.2%	1.7%	4.1%
Skew 10d	5.7%	-7.5%	16.5%	4.6%	-7.5%
Call IV 25d	27.1%	20.3%	32.8%	21.9%	23.0%
Put IV 25d	29.3%	20.0%	35.6%	23.6%	27.1%
Bid-Ask Spread %	34.46	18.64	46.78	18.64	37.19
Gamma HHI	0.23	0.20	0.32	0.20	0.28
Net GEX	1.7M	-403.6K	2.6M	2.3M	968.1K
Net DEX	-125.8M	-173.2M	-61.3M	-162.1M	-61.3M
Net VEX	-597.6K	-683.5K	-441.8K	-683.5K	-462.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.40	0.06	14.83	1.63	0.85
Total Volume	3,265.682	530	15,700	12,170	1,698
Total OI	523,728.136	232,796	2,325,800	2,322,780	247,434

Daily Data (22 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
2014-07-01	$2.80	$2.70	21.1%	7.9%	20.1%	21.5%	0.0%	1.7%	6.5%	2.3M	-162.1M	-683.5K	1.63	18.64	N/A	N/A	4,630	7,540	1,180,760	1,142,020
2014-07-02	$2.78	$2.70	20.6%	7.8%	20.3%	20.1%	28.0%	-0.5%	6.3%	2.1M	-155.4M	-659.6K	0.35	20.55	N/A	N/A	2,930	1,030	1,182,120	1,142,470
2014-07-03	$2.83	$2.60	18.5%	7.8%	20.7%	14.1%	26.5%	1.1%	7.6%	2.6M	-173.2M	-648.2K	0.10	25.46	N/A	N/A	14,240	1,460	1,182,890	1,142,910
2014-07-07	$27.66	$27.00	19.9%	7.8%	809.5%	18.1%	29.5%	1.5%	-0.2%	2.0M	-147.3M	-635.9K	0.45	25.34	N/A	N/A	1,370	612	118,421	114,375
2014-07-08	$27.35	$27.00	21.2%	7.9%	809.7%	22.0%	0.0%	2.5%	-0.7%	2.0M	-129.5M	-659.0K	2.05	24.30	N/A	N/A	1,133	2,326	120,002	114,603
2014-07-09	$27.40	$27.00	22.7%	7.9%	809.7%	26.2%	0.0%	1.8%	-1.1%	2.0M	-129.7M	-658.9K	0.06	39.40	N/A	N/A	3,023	185	121,536	116,430
2014-07-10	$27.16	$27.00	28.2%	7.8%	809.6%	42.4%	0.0%	3.3%	-0.8%	2.3M	-117.3M	-678.9K	0.32	44.67	N/A	N/A	500	158	123,448	116,361
2014-07-11	$27.26	$27.00	28.5%	7.9%	809.2%	43.4%	0.0%	3.6%	-1.4%	2.4M	-123.1M	-649.3K	0.26	39.12	N/A	N/A	1,407	370	123,514	116,478
2014-07-14	$27.19	$27.00	28.5%	8.0%	809.4%	43.3%	27.9%	2.7%	-0.6%	2.4M	-130.1M	-631.3K	3.41	31.42	N/A	N/A	128	436	124,428	116,721
2014-07-15	$27.44	$26.00	28.8%	7.9%	809.0%	44.3%	33.2%	3.7%	-1.3%	2.6M	-134.2M	-637.4K	2.18	33.29	N/A	N/A	455	994	124,483	117,140
2014-07-16	$27.30	$26.00	28.7%	7.8%	809.1%	43.8%	0.0%	2.5%	-2.5%	1.7M	-119.7M	-626.9K	0.87	39.03	N/A	N/A	284	246	124,709	118,065
2014-07-17	$26.76	$26.00	29.1%	7.8%	809.7%	45.1%	26.3%	1.5%	-1.9%	1.4M	-101.9M	-626.5K	1.05	38.37	N/A	N/A	278	291	124,475	118,088
2014-07-18	$27.17	$26.00	28.6%	7.8%	809.4%	43.7%	0.0%	4.1%	-1.6%	1.0M	-116.0M	-602.0K	0.20	36.66	N/A	N/A	667	133	124,480	118,165
2014-07-21	$27.11	$26.00	29.0%	7.8%	809.3%	44.7%	25.4%	5.2%	-3.1%	1.3M	-115.7M	-577.8K	0.77	40.85	N/A	N/A	760	584	118,526	115,198
2014-07-22	$27.30	$27.00	28.3%	7.8%	809.0%	42.7%	0.0%	3.4%	-2.6%	1.1M	-130.5M	-553.2K	0.07	42.44	N/A	N/A	740	54	118,947	115,183
2014-07-23	$27.44	$27.00	29.0%	7.8%	808.8%	44.6%	0.0%	2.4%	-2.8%	1.3M	-133.4M	-549.1K	0.16	38.12	N/A	N/A	633	100	118,975	115,184
2014-07-24	$27.28	$27.00	30.1%	7.8%	809.1%	47.9%	25.4%	0.1%	-3.4%	1.4M	-131.4M	-542.9K	14.83	34.61	N/A	N/A	156	2,313	119,595	115,271
2014-07-25	$27.26	$27.00	30.3%	7.8%	809.2%	48.5%	0.0%	1.4%	-4.3%	951.1K	-126.6M	-542.9K	0.12	35.38	N/A	N/A	7,352	882	119,671	117,417
2014-07-28	$27.20	$27.00	32.3%	7.9%	809.3%	54.2%	0.0%	3.0%	-5.3%	1.3M	-124.4M	-547.4K	0.30	31.88	N/A	N/A	1,292	387	124,526	118,013
2014-07-29	$26.73	$27.00	32.3%	7.8%	809.7%	54.3%	25.7%	2.9%	-5.1%	1.6M	-106.3M	-531.6K	0.54	34.72	N/A	N/A	2,599	1,405	125,517	117,946
2014-07-30	$26.53	$27.00	22.7%	7.4%	809.8%	26.3%	25.6%	-4.0%	0.4%	-403.6K	-99.0M	-441.8K	0.33	46.78	N/A	N/A	3,057	1,007	126,430	119,094
2014-07-31	$26.05	$27.00	24.6%	7.5%	810.0%	32.0%	28.0%	4.1%	-0.8%	968.1K	-61.3M	-462.2K	0.85	37.19	N/A	N/A	918	780	127,759	119,675