FEZ Options History — February 2010

In February 2010, FEZ traded between $35.37 and $39.13. ATM implied volatility averaged 31.4%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 3.1% (HV 20d: 34.5%). Max pain ranged from $39.00 to $42.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2010-02-09: Highest Volume — 90 contracts
  • 2010-02-23: Largest IV spike — 157.2% change
  • 2010-02-23: Highest IV Rank — 37.2%
  • 2010-02-23: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.89$35.37$39.13$38.41$36.61
Max Pain$39.37$39.00$42.00$39.00$39.00
ATM IV31.4%24.0%66.4%28.4%24.0%
Expected Move8.8%6.9%19.0%8.1%6.9%
HV 20d34.5%27.3%38.1%29.4%34.9%
HV 60d29.2%26.6%30.3%29.0%29.3%
IV Rank15.9%11.4%37.2%14.1%11.4%
IV Percentile36.8%12.7%83.3%33.7%12.7%
Term Structure0.5%-19.9%11.3%1.8%2.2%
VWIV28.1%23.6%33.3%27.4%26.1%
Skew 25d4.9%-19.8%12.3%10.7%7.5%
Skew 10d10.3%-30.2%17.6%10.1%14.0%
Call IV 25d26.5%15.4%88.9%18.1%21.0%
Put IV 25d31.5%20.9%69.1%28.8%28.5%
Bid-Ask Spread %99.9975.08167.1488.2693.92
Gamma HHI0.240.150.420.160.21
Net GEX6.5K-75818.4K10.2K2.9K
Net DEX340.5K-59.7K562.8K3.2K530.6K
Net VEX-1.8K-2.1K-1.4K-2.0K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.002.002.000.00
Total Volume12.053090020
Total OI430.263337510337443

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$38.41$39.0028.4%8.1%29.4%14.1%0.0%10.7%1.8%10.2K3.2K-2.0K0.0088.26N/AN/A00216121
2010-02-02$39.13$39.0025.9%7.4%27.3%12.6%0.0%7.6%2.1%12.1K-59.7K-2.0K0.0080.77N/AN/A020216121
2010-02-03$38.61$39.0027.2%7.8%27.5%13.4%0.0%4.7%1.3%9.7K56.7K-2.1K0.0082.35N/AN/A00216141
2010-02-04$36.32$39.0025.7%7.4%33.9%12.5%0.0%-6.5%1.7%7.3K192.4K-1.7K0.00102.19N/AN/A010216141
2010-02-05$35.69$39.0030.5%9.5%34.0%15.4%27.4%2.9%-0.8%5.6K295.5K-1.5K0.0091.45N/AN/A010216151
2010-02-08$35.37$39.0033.1%9.7%33.4%17.0%0.0%2.5%0.4%4.4K319.3K-1.4K0.0082.50N/AN/A00216161
2010-02-09$36.83$39.0043.3%7.0%37.5%23.2%0.0%4.4%5.4%4.4K152.5K-1.8K2.00135.60N/AN/A3060216161
2010-02-10$36.53$39.0031.4%9.2%37.4%16.0%30.3%6.0%1.2%7.6K432.3K-1.8K0.0075.08N/AN/A010246221
2010-02-11$36.38$39.0033.1%9.5%36.9%17.0%0.0%9.7%-0.6%4.5K441.2K-1.7K0.00100.53N/AN/A10246231
2010-02-12$36.04$39.0032.5%9.3%36.6%16.6%23.6%6.6%0.1%6.3K490.1K-1.7K1.4099.76N/AN/A1014246231
2010-02-16$37.16$41.0027.0%7.7%38.1%13.3%0.0%8.1%11.3%1.9K360.0K-2.1K0.00136.94N/AN/A00256245
2010-02-17$37.07$41.0029.3%8.4%37.5%14.7%26.7%5.9%0.3%15.5K449.0K-1.9K0.0082.30N/AN/A07256245
2010-02-18$37.39$39.0031.5%9.0%36.4%16.0%33.3%11.7%-0.7%6.9K393.4K-2.0K0.00107.79N/AN/A010256244
2010-02-19$37.28$42.0028.9%8.3%34.6%14.4%29.3%6.3%0.2%18.4K462.7K-1.9K0.7087.21N/AN/A107256254
2010-02-22$37.17$39.0025.8%7.4%34.2%12.6%0.0%12.3%0.5%474475.1K-1.7K0.0095.88N/AN/A00208241
2010-02-23$36.26$39.0066.4%19.0%35.0%37.2%0.0%-19.8%-19.9%-758362.1K-2.1K0.00167.14N/AN/A00208241
2010-02-24$36.55$39.0025.3%7.2%35.2%12.2%26.1%5.0%1.4%2.4K550.9K-1.5K0.0093.70N/AN/A010208241
2010-02-25$36.16$39.0026.9%7.7%35.3%13.2%0.0%8.6%1.7%3.6K562.8K-1.4K0.0096.39N/AN/A00208235
2010-02-26$36.61$39.0024.0%6.9%34.9%11.4%0.0%7.5%2.2%2.9K530.6K-1.5K0.0093.92N/AN/A200208235