FEZ Options History — March 2014

In March 2014, FEZ traded between $40.72 and $42.66. ATM implied volatility averaged 17.6%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.5% (HV 20d: 19.1%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 2.35.

Notable Days

  • 2014-03-20: Highest Volume — 3,586 contracts
  • 2014-03-07: Largest IV spike — 18.1% change
  • 2014-03-03: Highest IV Rank — 43.1%
  • 2014-03-03: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.84$40.72$42.66$41.12$42.66
Max Pain$41.81$41.00$42.00$42.00$41.00
ATM IV17.6%15.0%20.3%20.3%15.8%
Expected Move5.0%4.3%5.8%5.8%4.5%
HV 20d19.1%16.2%21.2%18.8%18.0%
HV 60d19.3%18.7%19.8%18.7%18.7%
IV Rank30.0%17.7%43.1%43.1%21.6%
IV Percentile45.3%13.1%70.6%70.6%25.8%
Term Structure0.2%-1.4%1.2%-1.4%0.5%
VWIV18.0%15.5%22.4%22.4%16.8%
Skew 25d4.9%2.9%6.0%5.6%3.3%
Skew 10d12.4%8.3%16.1%11.5%10.7%
Call IV 25d15.7%14.0%18.4%18.4%15.5%
Put IV 25d20.7%18.3%24.0%24.0%18.7%
Bid-Ask Spread %56.5420.0385.7322.3582.79
Gamma HHI0.160.140.180.180.17
Net GEX-708.4K-1.8M5.1K-1.2M5.1K
Net DEX1.8M-7.6M14.3M10.8M-7.6M
Net VEX-145.2K-162.7K-132.3K-162.7K-134.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.350.0021.843.690.17
Total Volume677.524503,586652599
Total OI30,271.14327,05433,88728,80829,692

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$41.12$42.0020.3%5.8%18.8%43.1%22.4%5.6%-1.4%-1.2M10.8M-162.7K3.6922.35N/AN/A1395138,66120,147
2014-03-04$42.12$42.0017.3%5.0%18.4%28.6%16.6%5.2%-0.6%-712.9K930.1K-152.9K0.0628.88N/AN/A361228,72020,608
2014-03-05$42.19$42.0017.1%4.9%18.3%27.9%16.0%4.8%-1.1%-591.5K-260.6K-153.9K2.5720.03N/AN/A14369,00320,600
2014-03-06$42.63$42.0015.0%4.3%18.5%17.7%15.7%2.9%-0.1%-221.5K-5.5M-145.6K0.0756.85N/AN/A269189,00520,635
2014-03-07$42.29$42.0017.8%5.0%17.6%30.8%16.8%5.0%0.2%-499.0K-1.5M-150.2K3.4569.01N/AN/A1766079,00420,640
2014-03-10$42.14$42.0019.1%5.1%17.1%37.5%19.7%4.9%-0.3%-678.4K226.2K-148.7K1.0130.19N/AN/A92939,08621,110
2014-03-11$41.88$42.0017.6%4.9%17.1%30.1%18.3%5.6%0.2%-791.8K1.8M-148.1K0.4734.27N/AN/A93449,11221,198
2014-03-12$41.82$42.0018.3%5.0%16.2%33.4%15.7%5.5%0.6%-874.7K2.8M-147.8K0.0126.48N/AN/A30249,15121,236
2014-03-13$40.72$42.0019.7%5.6%18.9%39.9%19.2%4.1%0.1%-1.8M14.3M-156.1K2.7535.03N/AN/A2125849,29121,233
2014-03-14$40.88$42.0019.9%5.7%18.6%41.0%19.6%5.6%-0.2%-1.7M14.3M-157.3K0.2037.20N/AN/A1,3142659,41721,709
2014-03-17$41.57$42.0018.0%5.2%19.6%32.2%18.6%6.0%0.0%-695.3K2.5M-145.8K0.0064.06N/AN/A205110,46521,846
2014-03-18$41.97$42.0017.8%5.1%19.8%31.3%18.9%5.6%0.7%-278.8K-2.6M-141.8K0.6277.23N/AN/A47829410,48921,846
2014-03-19$41.39$42.0019.1%5.5%20.3%37.6%19.1%5.3%0.4%-644.0K4.1M-139.8K1.3271.06N/AN/A11314910,42121,935
2014-03-20$41.65$42.0016.6%4.8%20.4%25.2%22.2%5.7%0.9%-391.3K91.7K-132.3K21.8472.13N/AN/A1573,42910,23921,943
2014-03-21$41.43$42.0018.0%5.2%20.4%32.1%16.3%5.6%0.3%-1.6M10.1M-136.6K2.4677.04N/AN/A711758,71825,169
2014-03-24$41.43$42.0017.8%5.1%20.2%30.8%17.0%5.2%0.4%-913.9K4.4M-132.6K1.0672.08N/AN/A5195497,60519,449
2014-03-25$42.02$42.0016.2%4.6%20.9%23.4%17.1%4.9%1.0%-553.2K-30.4K-135.3K0.2270.80N/AN/A1,2742818,06519,934
2014-03-26$42.03$41.0016.5%4.7%20.8%25.0%17.3%3.7%0.6%-318.4K-1.6M-149.5K6.0670.49N/AN/A482919,14520,081
2014-03-27$42.11$41.0016.3%4.7%20.8%23.7%18.2%4.7%1.1%-388.6K-3.1M-138.4K1.1583.64N/AN/A79919,17520,320
2014-03-28$42.59$41.0015.0%4.3%21.2%17.8%15.5%4.3%1.2%-86.9K-6.7M-138.2K0.2085.73N/AN/A223449,23920,352
2014-03-31$42.66$41.0015.8%4.5%18.0%21.6%16.8%3.3%0.5%5.1K-7.6M-134.8K0.1782.79N/AN/A513869,32720,365