HUN Options History — March 2017

In March 2017, HUN traded between $21.83 and $25.09. ATM implied volatility averaged 28.7%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 5.4% (HV 20d: 34.1%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.58.

Notable Days

2017-03-31: Highest Volume — 14,872 contracts
2017-03-15: Largest IV drop — 16.2% change
2017-03-14: Highest IV Rank — 15.6%
2017-03-06: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.85	$21.83	$25.09	$23.09	$24.61
Max Pain	$22.35	$22.00	$23.00	$22.00	$23.00
ATM IV	28.7%	25.3%	32.8%	30.4%	26.6%
Expected Move	8.1%	7.2%	8.8%	8.7%	7.6%
HV 20d	34.1%	27.1%	38.2%	36.9%	32.4%
HV 60d	31.1%	29.9%	33.2%	30.1%	33.2%
IV Rank	5.9%	0.0%	15.6%	7.0%	3.5%
IV Percentile	2.9%	0.0%	10.3%	3.2%	0.8%
Term Structure	4.1%	-0.4%	7.1%	-0.4%	7.1%
VWIV	28.2%	25.2%	33.2%	33.2%	26.8%
Skew 25d	3.5%	-0.7%	5.7%	2.4%	3.2%
Skew 10d	6.6%	-4.5%	18.0%	0.2%	2.6%
Call IV 25d	26.7%	24.6%	31.3%	29.1%	25.1%
Put IV 25d	30.2%	26.9%	32.9%	31.4%	28.3%
Bid-Ask Spread %	60.55	12.73	94.91	80.68	60.38
Gamma HHI	0.16	0.15	0.20	0.16	0.16
Net GEX	604.8K	389.5K	924.7K	580.6K	883.5K
Net DEX	-32.3M	-47.5M	-22.6M	-42.7M	-45.0M
Net VEX	-128.8K	-154.0K	-115.9K	-121.7K	-154.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.23	2.46	0.43	2.46
Total Volume	4,596.652	1,809	14,872	3,500	14,872
Total OI	53,311.87	46,347	62,955	53,579	62,955

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
2017-03-01	$23.09	$22.00	30.4%	8.7%	36.9%	7.0%	33.2%	2.4%	-0.4%	580.6K	-42.7M	-121.7K	0.43	80.68	N/A	N/A	2,454	1,046	28,295	25,284
2017-03-02	$22.38	$22.00	29.8%	8.5%	38.2%	5.5%	30.8%	-0.7%	-0.3%	539.5K	-37.5M	-127.6K	0.46	83.29	N/A	N/A	2,274	1,035	29,357	25,625
2017-03-03	$22.76	$22.00	28.1%	8.0%	37.7%	1.7%	28.4%	4.9%	1.1%	625.1K	-39.1M	-137.5K	0.43	81.72	N/A	N/A	2,198	935	29,409	25,725
2017-03-06	$22.44	$23.00	31.5%	8.8%	38.2%	9.3%	32.3%	5.1%	2.3%	579.0K	-36.8M	-132.1K	0.45	17.61	N/A	N/A	1,974	884	29,447	25,794
2017-03-07	$22.36	$23.00	31.7%	8.5%	38.0%	9.8%	29.0%	5.0%	4.5%	573.0K	-35.9M	-133.3K	0.39	22.10	N/A	N/A	2,042	788	29,468	25,851
2017-03-08	$22.16	$23.00	30.6%	8.4%	37.2%	7.4%	28.4%	2.5%	5.1%	579.0K	-35.2M	-129.8K	0.69	25.18	N/A	N/A	1,069	740	29,796	25,951
2017-03-09	$21.83	$23.00	28.2%	8.4%	37.8%	2.4%	29.8%	4.7%	4.4%	426.4K	-31.7M	-119.2K	1.31	22.05	N/A	N/A	841	1,101	29,822	26,031
2017-03-10	$21.86	$23.00	28.5%	8.2%	36.9%	3.4%	29.3%	3.1%	4.6%	431.1K	-31.0M	-130.0K	0.26	22.09	N/A	N/A	3,824	1,000	29,843	26,459
2017-03-13	$22.25	$22.00	32.1%	8.4%	37.1%	13.7%	26.4%	3.8%	3.7%	607.1K	-22.8M	-121.9K	0.32	12.73	N/A	N/A	3,015	979	23,867	26,465
2017-03-14	$22.28	$22.00	32.8%	8.4%	36.4%	15.6%	26.4%	3.5%	3.7%	682.9K	-24.6M	-123.6K	0.37	19.57	N/A	N/A	2,587	958	24,841	26,522
2017-03-15	$22.66	$22.00	27.5%	7.9%	36.7%	0.5%	26.6%	5.7%	4.3%	924.7K	-28.1M	-124.4K	0.36	93.30	N/A	N/A	2,437	882	25,139	26,595
2017-03-16	$22.53	$22.00	27.1%	7.8%	36.2%	0.0%	28.5%	3.1%	4.1%	901.7K	-27.6M	-122.9K	0.34	80.81	N/A	N/A	2,548	873	25,205	26,611
2017-03-17	$22.83	$22.00	26.8%	7.7%	35.8%	0.0%	25.6%	3.5%	4.6%	484.6K	-30.3M	-118.6K	0.33	82.33	N/A	N/A	2,735	892	25,153	26,657
2017-03-20	$23.02	$22.00	25.3%	7.2%	35.4%	0.0%	25.2%	2.4%	6.4%	544.6K	-27.4M	-115.9K	0.35	72.65	N/A	N/A	2,266	783	21,810	24,537
2017-03-21	$22.15	$22.00	29.1%	8.3%	27.9%	10.2%	32.4%	2.7%	4.8%	389.5K	-22.6M	-118.6K	0.28	85.76	N/A	N/A	2,521	704	21,941	24,772
2017-03-22	$22.47	$22.00	29.4%	8.4%	27.7%	11.2%	27.5%	4.7%	3.4%	439.2K	-24.2M	-119.3K	0.23	81.93	N/A	N/A	2,715	614	22,372	24,884
2017-03-23	$22.90	$22.00	26.6%	7.6%	27.1%	3.4%	27.0%	4.0%	5.3%	563.9K	-27.0M	-121.2K	0.24	82.74	N/A	N/A	2,813	662	22,703	24,920
2017-03-24	$22.66	$22.00	27.2%	7.8%	27.4%	5.1%	27.0%	3.1%	4.5%	518.6K	-26.2M	-118.5K	2.20	83.62	N/A	N/A	2,563	5,630	23,026	24,991
2017-03-27	$22.93	$22.00	27.5%	7.9%	27.7%	6.0%	27.2%	4.0%	5.1%	442.2K	-24.7M	-137.1K	0.26	85.44	N/A	N/A	2,594	676	23,099	29,866
2017-03-28	$24.17	$22.00	29.3%	8.4%	32.7%	10.8%	28.7%	4.3%	4.4%	581.1K	-33.4M	-139.0K	0.55	94.91	N/A	N/A	8,296	4,539	23,198	29,926
2017-03-29	$24.18	$23.00	27.1%	7.8%	31.8%	5.0%	26.1%	3.5%	5.5%	790.3K	-40.9M	-149.5K	0.34	25.22	N/A	N/A	3,817	1,304	27,547	33,145
2017-03-30	$25.09	$23.00	26.9%	7.7%	31.5%	4.3%	26.4%	1.9%	5.3%	822.7K	-47.5M	-147.2K	0.36	76.46	N/A	N/A	4,598	1,645	27,864	33,405
2017-03-31	$24.61	$23.00	26.6%	7.6%	32.4%	3.5%	26.8%	3.2%	7.1%	883.5K	-45.0M	-154.0K	2.46	60.38	N/A	N/A	4,299	10,573	29,154	33,801