FEZ Options History — February 2019

In February 2019, FEZ traded between $34.66 and $36.45. ATM implied volatility averaged 13.9%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 0.2% (HV 20d: 13.7%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 8.52.

Notable Days

  • 2019-02-15: Highest Volume — 42,076 contracts
  • 2019-02-07: Largest IV spike — 12.6% change
  • 2019-02-14: Highest IV Rank — 36.0%
  • 2019-02-14: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.58$34.66$36.45$35.33$36.45
Max Pain$35.16$35.00$36.00$35.00$36.00
ATM IV13.9%12.6%15.7%13.0%12.8%
Expected Move4.0%3.6%4.4%4.3%3.6%
HV 20d13.7%12.1%15.8%15.8%12.1%
HV 60d17.3%16.6%17.9%17.9%16.6%
IV Rank23.1%15.0%36.0%15.0%17.9%
IV Percentile28.3%15.1%49.6%17.5%15.9%
Term Structure0.4%-1.2%1.8%0.5%0.3%
VWIV15.0%8.1%18.9%15.2%18.9%
Skew 25d3.9%2.9%4.8%3.2%3.5%
Skew 10d9.6%7.6%12.5%10.9%7.6%
Call IV 25d12.5%11.6%13.7%11.9%11.7%
Put IV 25d16.4%15.0%18.4%15.1%15.3%
Bid-Ask Spread %21.1711.1135.9429.8414.31
Gamma HHI0.220.180.320.220.32
Net GEX-5.8M-15.4M2.7M-10.0M2.7M
Net DEX12.9M-44.5M94.0M22.6M-20.6M
Net VEX-879.0K-936.5K-798.2K-918.6K-936.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.520.2781.091.860.27
Total Volume16,365.47427342,0767,67827,185
Total OI225,563.789174,694253,877228,685227,353

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$35.33$35.0013.0%4.3%15.8%15.0%15.2%3.2%0.5%-10.0M22.6M-918.6K1.8629.84N/AN/A2,6804,99865,481163,204
2019-02-04$35.28$35.0013.2%4.3%12.4%15.6%13.2%3.5%1.7%-10.8M21.6M-902.7K1.6718.95N/AN/A55392267,909160,730
2019-02-05$35.66$35.0013.1%3.7%12.8%15.5%13.1%3.2%-0.2%-7.6M-20.0M-864.2K0.9827.28N/AN/A1,1211,10468,180161,402
2019-02-06$35.47$35.0013.1%4.2%13.0%15.4%15.5%2.9%1.8%-8.7M-5.1M-870.4K6.8021.99N/AN/A3523868,627161,748
2019-02-07$34.88$35.0014.8%4.4%14.2%24.2%17.0%4.2%0.8%-12.9M68.0M-899.6K11.5119.02N/AN/A2152,47469,272161,917
2019-02-08$34.66$35.0015.7%4.3%14.4%29.3%15.8%4.5%-1.2%-15.4M94.0M-891.9K1.9923.47N/AN/A8861,76168,813163,824
2019-02-11$34.66$35.0015.0%4.2%14.0%25.3%17.2%4.8%1.1%-15.2M89.4M-840.6K17.8927.96N/AN/A59410,62868,297162,381
2019-02-12$35.18$35.0015.2%4.4%14.8%34.0%13.1%4.1%-0.4%-12.7M21.6M-837.4K1.3214.96N/AN/A12,25616,23868,282172,597
2019-02-13$35.16$35.0015.0%4.3%14.8%33.3%16.8%4.3%-0.6%-9.0M5.8M-864.7K7.6124.62N/AN/A1,88314,33680,052172,521
2019-02-14$35.10$35.0015.4%4.4%14.8%36.0%17.6%4.4%-0.5%-10.6M14.8M-862.3K4.6918.91N/AN/A3,65017,12980,069172,307
2019-02-15$35.66$35.0013.6%3.8%15.7%23.8%13.5%4.5%1.6%-2.6M-44.5M-834.5K0.5520.69N/AN/A27,21214,86481,504172,373
2019-02-19$35.81$35.0013.5%3.9%14.6%22.9%15.1%4.8%0.2%-2.2M16.4M-798.2K81.0916.78N/AN/A34728,13859,612115,082
2019-02-20$36.00$35.0013.6%3.9%13.4%23.6%8.1%4.2%0.2%297.9K6.2M-867.4K15.0735.94N/AN/A1,50922,74571,353132,302
2019-02-21$35.91$35.0013.6%3.9%13.4%23.1%15.7%4.3%0.3%-59.6K16.8M-858.4K2.7319.65N/AN/A7,12119,44872,112132,740
2019-02-22$36.05$35.0013.3%3.7%13.4%21.6%13.5%3.1%0.4%1.2M1.6M-923.8K1.5422.31N/AN/A9,59614,76978,058138,306
2019-02-25$36.14$35.0013.8%4.0%12.2%24.8%14.2%3.5%0.4%2.7M-10.0M-899.1K2.9916.02N/AN/A2,3647,07977,330134,346
2019-02-26$36.41$36.0012.6%3.6%12.2%16.7%15.7%3.6%0.2%1.6M-35.7M-897.5K0.3618.48N/AN/A10,4333,72079,144140,896
2019-02-27$36.28$36.0013.2%3.6%12.3%20.8%15.8%3.9%0.1%-1.3M2.4M-933.2K0.9211.11N/AN/A10,7749,93972,110143,478
2019-02-28$36.45$36.0012.8%3.6%12.1%17.9%18.9%3.5%0.3%2.7M-20.6M-936.5K0.2714.31N/AN/A21,3595,82677,466149,887