FEZ Options History — December 2007

In December 2007, FEZ traded between $61.62 and $65.85. ATM implied volatility averaged 21.4%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 6.0% (HV 20d: 27.3%). Max pain ranged from $60.00 to $63.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 6 of 14 days. Put/call ratio averaged 1.25.

Notable Days

  • 2007-12-07: Highest Volume — 30 contracts
  • 2007-12-11: Largest IV spike — 115.2% change
  • 2007-12-11: Highest IV Rank — 26.8%
  • 2007-12-11: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.86$61.62$65.85$64.10$62.33
Max Pain$60.86$60.00$63.00$63.00$60.00
ATM IV21.4%17.0%40.1%19.0%20.4%
Expected Move5.7%4.7%7.3%5.4%5.9%
HV 20d27.3%25.7%28.9%27.8%26.6%
HV 60d21.8%20.9%22.4%21.5%22.4%
IV Rank10.0%6.1%26.8%7.9%9.2%
IV Percentile40.1%11.4%83.0%31.2%42.9%
Term Structure-0.1%-4.3%5.4%-1.4%2.4%
VWIV19.4%16.1%21.9%20.2%21.9%
Skew 25d4.4%2.1%9.1%3.7%9.1%
Skew 10d4.6%-0.1%18.1%2.9%9.2%
Call IV 25d17.1%12.8%20.2%17.6%12.8%
Put IV 25d21.5%18.5%28.3%21.3%22.0%
Bid-Ask Spread %74.1451.95137.4452.0776.73
Gamma HHI0.520.390.650.550.39
Net GEX65.8K20.7K102.7K72.9K30.1K
Net DEX-524.0K-1.1M145.9K-676.2K81.2K
Net VEX-4.0K-5.1K-3.6K-4.0K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.005.000.000.00
Total Volume4.71403000
Total OI596.429558616558613

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-12-03$64.10$63.0019.0%5.4%27.8%7.9%0.0%3.7%-1.4%72.9K-676.2K-4.0K0.0052.07N/AN/A00313245
2007-12-04$64.09$63.0020.3%5.8%27.6%9.0%0.0%3.6%-2.6%73.0K-657.5K-3.9K0.0051.95N/AN/A00313245
2007-12-05$64.65$63.0020.3%5.8%27.3%9.0%20.2%3.0%-2.6%81.5K-809.0K-3.8K0.0065.81N/AN/A80313245
2007-12-06$65.36$63.0019.9%5.7%27.2%8.7%0.0%3.0%-3.5%95.0K-1.0M-3.7K0.0075.35N/AN/A020321245
2007-12-07$65.15$60.0018.3%4.8%27.1%7.3%0.0%2.8%2.5%93.5K-987.6K-4.0K0.0073.86N/AN/A030321265
2007-12-10$65.85$60.0018.6%4.8%25.7%7.5%0.0%2.2%0.4%99.1K-1.1M-4.1K0.0084.49N/AN/A00321295
2007-12-11$64.05$60.0040.1%7.3%27.3%26.8%0.0%8.1%-0.1%30.0K-518.2K-5.1K0.00137.44N/AN/A00321295
2007-12-12$65.43$60.0017.9%4.7%26.7%6.9%16.1%2.1%5.4%102.7K-1.0M-4.1K5.0083.17N/AN/A15321295
2007-12-13$64.46$60.0017.0%4.9%27.3%6.1%0.0%3.6%3.7%92.4K-655.6K-4.3K0.0067.38N/AN/A00321291
2007-12-14$62.79$60.0022.1%6.3%28.3%10.7%0.0%5.0%-1.1%57.5K-199.5K-4.3K0.0061.79N/AN/A10321291
2007-12-17$61.62$60.0022.1%6.3%28.9%10.7%21.9%3.5%-4.3%20.7K145.9K-3.9K0.0066.91N/AN/A10322291
2007-12-18$62.30$60.0022.0%6.3%28.1%10.6%0.0%5.9%0.9%41.1K34.2K-3.9K0.0067.69N/AN/A00322291
2007-12-19$61.79$60.0021.1%6.1%26.9%9.8%0.0%5.5%-0.5%32.2K81.0K-3.8K0.0073.30N/AN/A00322291
2007-12-20$62.33$60.0020.4%5.9%26.6%9.2%0.0%9.1%2.4%30.1K81.2K-3.6K0.0076.73N/AN/A00322291