FEZ Options History — October 2018

In October 2018, FEZ traded between $34.47 and $38.28. ATM implied volatility averaged 18.8%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.7% (HV 20d: 15.2%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 7.21.

Notable Days

2018-10-23: Highest Volume — 64,183 contracts
2018-10-16: Largest IV drop — 12.5% change
2018-10-29: Highest IV Rank — 68.1%
2018-10-29: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.20	$34.47	$38.28	$38.28	$35.18
Max Pain	$39.65	$38.00	$40.00	$38.00	$38.00
ATM IV	18.8%	14.4%	22.4%	14.4%	19.8%
Expected Move	5.6%	4.2%	7.0%	4.2%	6.1%
HV 20d	15.2%	13.3%	18.2%	13.9%	18.2%
HV 60d	15.3%	14.1%	16.8%	14.6%	16.8%
IV Rank	51.3%	30.3%	68.1%	30.3%	55.7%
IV Percentile	90.5%	66.7%	98.0%	66.7%	93.7%
Term Structure	-0.1%	-1.7%	1.0%	0.3%	0.5%
VWIV	23.4%	15.8%	30.6%	17.2%	26.2%
Skew 25d	5.8%	4.3%	7.0%	4.5%	6.6%
Skew 10d	12.2%	9.0%	17.7%	9.7%	17.7%
Call IV 25d	16.4%	12.9%	19.4%	12.9%	16.9%
Put IV 25d	22.2%	17.3%	26.4%	17.3%	23.5%
Bid-Ask Spread %	16.41	8.36	31.43	18.49	22.71
Gamma HHI	0.19	0.14	0.29	0.14	0.25
Net GEX	-26.2M	-43.5M	-9.2M	-9.2M	-32.0M
Net DEX	324.7M	89.4M	496.1M	89.4M	401.0M
Net VEX	-1.4M	-1.6M	-1.2M	-1.4M	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.21	1.92	17.45	3.28	3.78
Total Volume	31,550.913	12,969	64,183	15,673	24,993
Total OI	315,504	258,553	365,995	258,553	321,305

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
2018-10-01	$38.28	$38.00	14.4%	4.2%	13.9%	30.3%	17.2%	4.5%	0.3%	-9.2M	89.4M	-1.4M	3.28	18.49	N/A	N/A	3,666	12,007	82,181	176,372
2018-10-02	$37.98	$38.00	15.5%	4.6%	13.6%	35.4%	17.9%	4.9%	0.3%	-10.8M	121.0M	-1.4M	2.27	13.16	N/A	N/A	6,761	15,341	82,196	176,584
2018-10-03	$38.11	$38.00	15.3%	4.6%	13.3%	34.3%	15.8%	4.3%	0.3%	-10.5M	109.9M	-1.5M	2.43	31.43	N/A	N/A	6,667	16,231	85,403	183,031
2018-10-04	$37.67	$40.00	16.8%	4.7%	13.9%	41.7%	18.4%	5.1%	-0.1%	-12.7M	153.0M	-1.5M	4.82	17.57	N/A	N/A	5,282	25,447	85,451	182,792
2018-10-05	$37.35	$40.00	17.0%	5.1%	13.6%	42.3%	21.6%	4.8%	0.1%	-15.8M	192.7M	-1.5M	5.46	16.70	N/A	N/A	3,587	19,568	85,920	192,110
2018-10-08	$37.10	$40.00	18.1%	5.2%	13.3%	47.8%	19.4%	5.5%	-0.0%	-17.4M	219.2M	-1.5M	3.25	17.55	N/A	N/A	3,959	12,883	85,901	192,142
2018-10-09	$37.10	$40.00	18.1%	5.1%	13.3%	47.7%	18.7%	5.3%	-0.2%	-18.2M	218.5M	-1.5M	1.92	9.34	N/A	N/A	4,453	8,545	85,927	192,214
2018-10-10	$36.33	$40.00	19.5%	5.9%	15.1%	54.3%	24.3%	5.9%	1.0%	-19.9M	281.2M	-1.4M	2.19	21.15	N/A	N/A	8,664	18,955	85,995	192,310
2018-10-11	$36.06	$40.00	21.1%	6.0%	14.5%	62.1%	25.2%	6.3%	-0.1%	-21.6M	314.2M	-1.4M	7.31	21.52	N/A	N/A	4,043	29,557	82,573	201,424
2018-10-12	$35.97	$40.00	20.1%	5.7%	14.5%	57.4%	26.3%	5.9%	-0.1%	-24.2M	334.5M	-1.4M	4.70	19.33	N/A	N/A	4,049	19,021	83,086	209,922
2018-10-15	$36.16	$40.00	19.4%	5.6%	14.7%	53.8%	26.4%	5.7%	-0.9%	-35.5M	378.1M	-1.6M	7.91	12.38	N/A	N/A	6,112	48,322	83,201	278,959
2018-10-16	$36.73	$40.00	17.0%	4.8%	15.7%	42.3%	25.6%	4.5%	-0.1%	-34.0M	306.8M	-1.6M	12.76	11.82	N/A	N/A	3,507	44,764	86,302	279,330
2018-10-17	$36.34	$40.00	18.1%	5.2%	15.9%	47.9%	24.5%	5.0%	-1.7%	-36.1M	347.6M	-1.5M	12.16	13.09	N/A	N/A	3,445	41,893	86,479	279,516
2018-10-18	$35.60	$40.00	19.4%	5.5%	14.4%	53.7%	26.0%	6.8%	0.1%	-36.0M	433.9M	-1.5M	15.19	19.78	N/A	N/A	3,206	48,692	86,485	277,802
2018-10-19	$35.94	$40.00	18.6%	5.4%	15.2%	50.0%	26.5%	6.3%	-0.8%	-43.5M	396.6M	-1.5M	14.99	15.57	N/A	N/A	3,050	45,724	86,902	278,757
2018-10-22	$35.65	$40.00	18.7%	5.5%	15.3%	50.6%	25.9%	5.7%	0.0%	-35.4M	406.3M	-1.4M	14.38	9.34	N/A	N/A	3,008	43,263	76,422	266,487
2018-10-23	$35.45	$40.00	19.5%	5.8%	15.0%	54.4%	24.8%	5.9%	-0.2%	-34.6M	417.1M	-1.4M	17.45	8.36	N/A	N/A	3,479	60,704	76,505	266,084
2018-10-24	$34.58	$40.00	21.9%	6.6%	16.3%	65.9%	22.7%	6.8%	-0.2%	-32.2M	496.1M	-1.3M	10.06	17.62	N/A	N/A	3,101	31,184	76,793	266,708
2018-10-25	$34.99	$40.00	20.3%	6.1%	17.5%	58.3%	26.7%	6.0%	0.0%	-35.2M	460.9M	-1.3M	5.73	10.70	N/A	N/A	3,429	19,640	77,445	263,893
2018-10-26	$34.76	$40.00	21.7%	6.7%	17.0%	64.9%	30.6%	6.8%	-0.5%	-29.0M	469.8M	-1.3M	4.18	17.18	N/A	N/A	3,680	15,399	77,099	258,693
2018-10-29	$34.47	$40.00	22.4%	7.0%	16.9%	68.1%	18.1%	7.0%	-0.2%	-28.6M	475.5M	-1.3M	6.58	22.35	N/A	N/A	3,088	20,333	76,803	255,872
2018-10-30	$34.83	$40.00	20.7%	6.5%	17.7%	60.1%	29.6%	6.8%	-0.3%	-30.0M	445.2M	-1.2M	3.07	10.33	N/A	N/A	3,189	9,780	76,837	252,379
2018-10-31	$35.18	$38.00	19.8%	6.1%	18.2%	55.7%	26.2%	6.6%	0.5%	-32.0M	401.0M	-1.2M	3.78	22.71	N/A	N/A	5,225	19,768	76,845	244,460