FEZ Options History — April 2019

In April 2019, FEZ traded between $36.99 and $38.58. ATM implied volatility averaged 12.3%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 0.5% (HV 20d: 11.8%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 7.26.

Notable Days

  • 2019-04-03: Highest Volume — 28,499 contracts
  • 2019-04-11: Largest IV drop — 8.4% change
  • 2019-04-01: Highest IV Rank — 30.5%
  • 2019-04-03: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.84$36.99$38.58$36.99$38.58
Max Pain$36.29$36.00$37.00$36.00$37.00
ATM IV12.3%10.8%14.6%14.6%11.7%
Expected Move3.5%3.0%4.3%4.2%3.3%
HV 20d11.8%6.9%15.4%15.1%7.2%
HV 60d12.6%11.6%14.3%14.3%11.7%
IV Rank14.7%4.1%30.5%30.5%9.9%
IV Percentile17.5%1.6%44.4%44.4%10.7%
Term Structure0.1%-0.7%1.0%0.1%0.3%
VWIV13.1%9.9%17.4%14.8%11.4%
Skew 25d3.6%2.7%4.7%4.7%3.4%
Skew 10d8.8%6.4%11.7%10.0%8.7%
Call IV 25d10.9%9.4%12.8%12.8%10.5%
Put IV 25d14.4%12.2%17.5%17.5%13.8%
Bid-Ask Spread %20.316.7341.3013.2323.43
Gamma HHI0.170.130.320.130.20
Net GEX1.8M-6.1M13.2M-1.7M7.5M
Net DEX-48.6M-98.3M11.9M5.5M-98.3M
Net VEX-1.1M-1.1M-1.0M-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.260.1426.2919.872.30
Total Volume10,374.3331,85628,49923,4772,339
Total OI205,126.857178,563221,925178,563211,123

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$36.99$36.0014.6%4.2%15.1%30.5%14.8%4.7%0.1%-1.7M5.5M-1.1M19.8713.23N/AN/A1,12522,35260,144118,419
2019-04-02$37.10$36.0014.5%4.2%15.1%29.4%17.4%4.6%0.1%-6.1M11.9M-1.1M20.049.56N/AN/A1,25425,13161,226140,669
2019-04-03$37.50$36.0013.7%4.3%15.4%24.1%16.6%4.0%0.3%-3.0M-20.6M-1.1M13.0323.11N/AN/A2,03126,46861,815142,014
2019-04-04$37.56$36.0013.1%3.7%13.9%19.8%16.4%3.8%0.4%-2.7M-23.0M-1.1M5.3815.43N/AN/A3,07416,55062,853143,491
2019-04-05$37.60$36.0013.2%3.7%13.9%20.4%14.4%3.7%0.4%-1.8M-28.8M-1.1M9.9411.77N/AN/A1,68416,73565,206143,692
2019-04-08$37.62$36.0013.5%3.7%13.8%22.8%14.7%3.7%-0.7%-927.3K-35.9M-1.1M1.376.73N/AN/A7821,07465,583139,245
2019-04-09$37.41$36.0013.7%4.2%14.0%23.9%14.3%3.8%1.0%-2.2M-18.6M-1.1M0.5215.23N/AN/A1,68087166,327140,185
2019-04-10$37.59$36.0013.2%3.6%13.7%20.5%12.7%4.0%-0.7%-1.0M-31.4M-1.1M2.1119.41N/AN/A2,4135,10067,711140,805
2019-04-11$37.59$36.0012.1%3.4%13.7%12.9%13.4%3.4%-0.1%-830.9K-36.1M-1.1M5.4015.87N/AN/A1,4457,80468,416144,834
2019-04-12$37.91$36.0011.2%3.3%13.5%6.9%13.3%3.1%0.5%1.9M-56.9M-1.1M1.9816.81N/AN/A3,6487,21668,446146,810
2019-04-15$37.91$36.0010.9%3.1%13.4%4.6%11.5%2.9%0.6%2.3M-60.2M-1.1M0.1415.81N/AN/A1,93327070,353145,056
2019-04-16$38.01$36.0010.9%3.1%13.4%4.7%12.9%3.2%0.2%3.2M-68.6M-1.1M0.2718.89N/AN/A2,61070172,213145,172
2019-04-17$38.28$36.0011.2%3.2%13.6%6.9%10.0%3.3%-0.7%2.9M-83.6M-1.1M0.1524.23N/AN/A10,1291,47972,632145,419
2019-04-18$38.33$36.0010.8%3.1%13.4%4.1%9.9%2.7%-0.3%5.4M-92.3M-1.1M0.1926.44N/AN/A14,4142,68076,428145,497
2019-04-22$38.30$36.0010.8%3.0%6.9%4.1%11.3%2.9%0.1%5.7M-77.8M-1.0M26.2925.78N/AN/A1032,70872,524116,451
2019-04-23$38.24$37.0011.5%3.3%7.1%9.1%11.5%3.0%0.1%4.8M-71.5M-1.0M5.5341.30N/AN/A6573,63472,519118,919
2019-04-24$38.02$37.0012.0%3.4%7.7%12.3%12.0%3.6%0.1%3.4M-54.8M-1.1M7.5016.09N/AN/A4193,14372,973120,576
2019-04-25$37.91$37.0012.1%3.4%7.9%13.1%12.3%3.9%0.0%2.0M-43.6M-1.1M4.6425.52N/AN/A4522,09773,133122,972
2019-04-26$38.02$37.0012.0%3.4%7.6%12.5%12.1%3.8%-0.0%13.2M-57.1M-1.1M0.2939.36N/AN/A11,1863,25775,157123,225
2019-04-29$38.24$37.0012.4%3.4%7.6%15.3%12.1%3.4%0.2%6.6M-78.1M-1.1M25.6022.59N/AN/A1965,01784,375123,056
2019-04-30$38.58$37.0011.7%3.3%7.2%9.9%11.4%3.4%0.3%7.5M-98.3M-1.1M2.3023.43N/AN/A7081,63184,539126,584