FEZ Options History — May 2019

In May 2019, FEZ traded between $36.25 and $38.42. ATM implied volatility averaged 17.0%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 2.2% (HV 20d: 14.8%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 3.02.

Notable Days

  • 2019-05-07: Highest Volume — 16,774 contracts
  • 2019-05-07: Largest IV spike — 27.6% change
  • 2019-05-31: Highest IV Rank — 66.0%
  • 2019-05-31: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.31$36.25$38.42$38.32$36.25
Max Pain$36.14$36.00$37.00$37.00$36.00
ATM IV17.0%11.6%19.7%11.7%19.7%
Expected Move5.3%3.2%6.3%3.4%6.3%
HV 20d14.8%7.5%18.3%7.8%18.3%
HV 60d13.2%11.4%14.5%11.8%14.5%
IV Rank47.0%9.7%66.0%10.3%66.0%
IV Percentile65.3%9.9%89.3%11.5%89.3%
Term Structure0.0%-1.2%3.7%0.6%-0.9%
VWIV18.9%11.6%22.5%12.2%20.2%
Skew 25d4.8%2.6%6.4%2.6%5.8%
Skew 10d9.7%4.6%19.0%4.6%9.5%
Call IV 25d14.4%10.2%16.5%11.3%16.1%
Put IV 25d19.2%13.5%22.2%13.9%21.9%
Bid-Ask Spread %26.1011.6539.6729.9921.59
Gamma HHI0.150.110.380.200.12
Net GEX445.6K-3.8M17.3M7.4M-1.4M
Net DEX654.2K-89.2M66.8M-82.7M66.8M
Net VEX-1.1M-1.1M-988.2K-1.1M-988.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.020.299.313.050.59
Total Volume5,91088716,7743,5989,660
Total OI205,951.636175,138244,870211,892186,219

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$38.32$37.0011.7%3.4%7.8%10.3%12.2%2.6%0.6%7.4M-82.7M-1.1M3.0529.99N/AN/A8892,70984,812127,080
2019-05-02$38.08$37.0013.0%3.7%7.5%19.2%12.8%3.8%0.2%4.3M-62.7M-1.1M1.9617.00N/AN/A1,4252,79784,989126,565
2019-05-03$38.42$37.0011.6%3.2%8.1%9.7%11.6%3.3%0.3%17.3M-89.2M-1.1M5.5411.65N/AN/A5773,19885,597127,277
2019-05-06$38.11$36.0014.1%4.8%8.7%26.7%19.5%4.4%0.0%2.5M-58.5M-1.1M5.0318.75N/AN/A3511,76782,636127,257
2019-05-07$37.10$36.0017.9%5.8%13.1%53.7%18.2%5.8%-0.3%-1.1M18.1M-1.1M2.8128.43N/AN/A4,40212,37282,457128,859
2019-05-08$37.50$36.0017.1%5.7%13.6%47.5%19.4%5.2%-0.4%-1.1M-12.8M-1.1M2.9118.86N/AN/A1,3874,03486,874137,306
2019-05-09$37.30$36.0017.7%5.9%13.6%52.2%21.3%6.3%-0.3%-2.2M8.3M-1.1M7.0530.44N/AN/A7385,20587,849139,297
2019-05-10$37.50$36.0016.7%5.8%13.7%45.3%22.2%4.8%-0.3%-1.4M-11.3M-1.1M2.9027.88N/AN/A1,5364,44787,920139,923
2019-05-13$36.69$36.0019.3%6.0%15.3%63.1%21.0%5.7%0.8%-3.3M55.3M-1.1M1.2130.16N/AN/A62375587,795138,162
2019-05-14$37.07$36.0017.1%5.7%15.9%48.0%22.5%4.7%1.9%-3.8M23.6M-1.1M1.0033.54N/AN/A5,8355,83889,212142,129
2019-05-15$37.34$36.0016.0%5.7%16.1%39.9%20.4%4.3%3.7%-3.2M-1.2M-1.0M9.3123.98N/AN/A8680189,570142,880
2019-05-16$37.74$36.0015.8%5.1%16.4%38.5%18.8%3.8%1.5%-2.7M-42.8M-1.0M6.9625.93N/AN/A1,68911,75489,619144,367
2019-05-17$37.55$36.0016.3%5.1%16.5%42.4%22.4%4.1%1.1%1.1M-19.3M-1.1M6.9234.24N/AN/A2,03014,04090,219154,651
2019-05-20$37.17$36.0019.3%5.7%16.8%62.9%19.4%4.2%-1.0%-540.4K21.7M-1.1M0.2915.42N/AN/A1,90056074,942100,196
2019-05-21$37.36$36.0018.4%5.4%16.9%56.6%18.1%4.9%-0.9%533.7K6.3M-1.1M0.4326.32N/AN/A3,0251,31076,469100,303
2019-05-22$37.34$36.0017.8%5.1%16.8%52.5%18.3%4.4%-0.9%174.6K9.0M-1.0M4.3939.67N/AN/A3071,34777,482101,041
2019-05-23$36.80$36.0019.3%5.6%17.5%63.2%18.6%5.1%-1.0%-1.9M44.3M-1.0M0.7137.21N/AN/A2,3991,69377,505101,065
2019-05-24$37.25$36.0018.9%5.5%18.1%60.2%19.4%5.8%-0.3%-38.0K11.8M-1.0M0.8425.47N/AN/A4,6833,94379,407101,027
2019-05-28$36.88$36.0018.4%5.6%18.2%56.7%20.3%5.3%-0.9%632.2K28.5M-1.0M0.5937.72N/AN/A83649081,600100,822
2019-05-29$36.50$36.0019.2%5.9%18.0%62.5%19.5%6.4%-0.9%-1.2M54.9M-997.8K1.1421.76N/AN/A1,2581,42981,724101,184
2019-05-30$36.65$36.0018.6%5.9%18.1%58.0%19.2%4.6%-1.2%-317.6K46.3M-989.6K0.7318.28N/AN/A2,2491,64682,520102,128
2019-05-31$36.25$36.0019.7%6.3%18.3%66.0%20.2%5.8%-0.9%-1.4M66.8M-988.2K0.5921.59N/AN/A6,0883,57283,812102,407