HUN Options History — March 2016

In March 2016, HUN traded between $11.19 and $13.39. ATM implied volatility averaged 56.1%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 7.6% (HV 20d: 63.7%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.97.

Notable Days

2016-03-24: Highest Volume — 13,536 contracts
2016-03-09: Largest IV drop — 17.7% change
2016-03-08: Highest IV Rank — 56.9%
2016-03-08: Largest Expected Move — 18.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.53	$11.19	$13.39	$11.19	$13.33
Max Pain	$11.50	$10.00	$12.00	$10.00	$12.00
ATM IV	56.1%	48.9%	72.1%	62.5%	50.1%
Expected Move	15.8%	14.0%	18.2%	17.9%	14.4%
HV 20d	63.7%	53.4%	74.3%	74.3%	53.4%
HV 60d	68.4%	67.3%	70.5%	67.4%	67.9%
IV Rank	39.6%	31.9%	56.9%	46.6%	33.1%
IV Percentile	67.2%	53.6%	90.1%	80.2%	53.6%
Term Structure	2.7%	-4.5%	7.0%	-3.9%	4.1%
VWIV	55.6%	48.2%	73.6%	73.6%	49.7%
Skew 25d	7.5%	4.1%	14.4%	14.4%	4.8%
Skew 10d	16.6%	-1.1%	42.9%	42.9%	5.3%
Call IV 25d	51.4%	45.6%	59.8%	53.8%	47.1%
Put IV 25d	58.9%	51.3%	68.2%	68.2%	51.9%
Bid-Ask Spread %	26.67	11.61	76.69	22.03	19.04
Gamma HHI	0.16	0.13	0.21	0.19	0.21
Net GEX	505.8K	357.8K	810.3K	357.8K	810.3K
Net DEX	-26.5M	-37.3M	-16.3M	-16.3M	-34.7M
Net VEX	-172.4K	-214.9K	-139.7K	-139.7K	-211.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.19	1.83	0.50	0.73
Total Volume	5,759.727	2,653	13,536	5,353	2,653
Total OI	89,928.091	75,553	110,488	75,553	110,488

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
2016-03-01	$11.19	$10.00	62.5%	17.9%	74.3%	46.6%	73.6%	14.4%	-3.9%	357.8K	-16.3M	-139.7K	0.50	22.03	N/A	N/A	3,570	1,783	48,493	27,060
2016-03-02	$11.82	$10.00	60.1%	17.2%	69.8%	43.9%	63.3%	9.6%	-4.5%	375.7K	-20.7M	-139.7K	1.12	76.69	N/A	N/A	4,575	5,116	49,090	27,155
2016-03-03	$11.79	$10.00	57.6%	15.7%	67.7%	41.2%	61.1%	6.9%	4.3%	463.7K	-22.4M	-143.2K	0.71	21.74	N/A	N/A	5,147	3,664	51,223	25,442
2016-03-04	$12.02	$10.00	58.4%	16.2%	65.2%	42.1%	54.0%	8.1%	1.0%	456.4K	-25.4M	-142.8K	0.44	22.60	N/A	N/A	6,116	2,676	51,439	25,649
2016-03-07	$12.89	$10.00	66.5%	16.3%	64.5%	50.9%	58.8%	8.6%	1.1%	471.2K	-33.4M	-155.5K	0.57	18.11	N/A	N/A	5,394	3,061	54,353	26,288
2016-03-08	$11.83	$11.00	72.1%	18.2%	70.3%	56.9%	63.2%	6.2%	-2.1%	491.9K	-23.4M	-156.1K	1.24	21.60	N/A	N/A	2,481	3,087	56,429	27,643
2016-03-09	$11.95	$12.00	59.3%	17.0%	69.1%	43.1%	60.5%	9.9%	2.0%	522.1K	-24.8M	-157.4K	1.17	20.08	N/A	N/A	2,151	2,524	57,306	28,520
2016-03-10	$11.90	$12.00	57.8%	16.6%	69.2%	41.4%	61.3%	9.1%	2.5%	532.7K	-24.4M	-153.4K	0.99	22.81	N/A	N/A	2,192	2,176	57,479	28,601
2016-03-11	$12.26	$12.00	56.9%	16.3%	67.1%	40.4%	56.4%	8.8%	4.7%	510.5K	-25.3M	-156.9K	0.79	23.56	N/A	N/A	2,219	1,746	53,920	28,602
2016-03-14	$12.13	$12.00	55.1%	15.8%	63.8%	38.5%	56.3%	7.4%	4.5%	505.5K	-23.8M	-151.4K	1.02	11.61	N/A	N/A	1,664	1,700	53,760	28,661
2016-03-15	$12.07	$12.00	56.3%	16.1%	63.3%	39.8%	55.6%	6.5%	1.2%	516.0K	-22.7M	-151.6K	1.07	19.66	N/A	N/A	2,286	2,446	54,035	29,609
2016-03-16	$12.43	$12.00	53.5%	15.3%	61.5%	36.8%	50.8%	13.4%	1.5%	481.1K	-26.4M	-154.6K	0.95	62.37	N/A	N/A	2,187	2,071	54,316	29,590
2016-03-17	$13.25	$12.00	53.6%	15.4%	64.2%	36.9%	53.3%	7.0%	4.6%	528.5K	-34.8M	-156.3K	0.90	22.80	N/A	N/A	2,433	2,200	54,670	29,703
2016-03-18	$13.19	$12.00	52.5%	15.1%	62.1%	35.7%	50.7%	4.1%	5.3%	441.2K	-37.3M	-202.7K	1.83	29.09	N/A	N/A	2,813	5,139	65,956	39,881
2016-03-21	$13.22	$12.00	50.8%	14.6%	61.9%	33.8%	52.9%	6.1%	4.6%	404.7K	-26.0M	-201.1K	1.29	25.68	N/A	N/A	1,566	2,023	57,537	37,466
2016-03-22	$13.21	$12.00	48.9%	14.0%	59.9%	31.9%	49.4%	4.3%	5.1%	425.4K	-26.9M	-200.3K	1.61	17.91	N/A	N/A	1,396	2,243	57,828	37,877
2016-03-23	$12.61	$12.00	50.4%	14.4%	62.7%	33.4%	49.3%	8.6%	5.2%	374.3K	-19.5M	-193.3K	1.81	23.56	N/A	N/A	1,263	2,288	58,114	37,963
2016-03-24	$12.92	$12.00	52.1%	14.9%	62.4%	35.3%	48.2%	5.5%	7.0%	378.5K	-22.8M	-195.9K	0.19	30.50	N/A	N/A	11,341	2,195	58,089	38,222
2016-03-28	$12.92	$12.00	53.3%	15.3%	56.8%	36.5%	52.8%	5.6%	3.0%	630.4K	-26.4M	-205.7K	1.37	28.57	N/A	N/A	1,487	2,041	67,305	38,241
2016-03-29	$13.25	$12.00	52.4%	15.0%	56.5%	35.6%	48.4%	6.1%	4.1%	686.2K	-30.8M	-207.7K	0.53	20.84	N/A	N/A	3,840	2,020	67,404	38,434
2016-03-30	$13.39	$12.00	53.9%	15.5%	56.0%	37.2%	52.7%	4.4%	3.1%	764.8K	-34.3M	-214.9K	0.46	25.87	N/A	N/A	3,928	1,813	69,871	38,706
2016-03-31	$13.33	$12.00	50.1%	14.4%	53.4%	33.1%	49.7%	4.8%	4.1%	810.3K	-34.7M	-211.7K	0.73	19.04	N/A	N/A	1,532	1,121	71,517	38,971