FEZ Options History — July 2019

In July 2019, FEZ traded between $37.16 and $38.78. ATM implied volatility averaged 11.8%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 1.1% (HV 20d: 10.8%). Max pain ranged from $38.00 to $38.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.98.

Notable Days

  • 2019-07-02: Highest Volume — 22,545 contracts
  • 2019-07-30: Largest IV spike — 12.6% change
  • 2019-07-31: Highest IV Rank — 25.3%
  • 2019-07-31: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.17$37.16$38.78$38.34$37.16
Max Pain$38.00$38.00$38.00$38.00$38.00
ATM IV11.8%10.4%14.0%11.8%14.0%
Expected Move3.4%2.7%4.2%3.2%4.2%
HV 20d10.8%6.9%14.0%14.0%10.8%
HV 60d14.4%14.2%14.8%14.2%14.8%
IV Rank10.9%1.5%25.3%10.8%25.3%
IV Percentile11.0%0.4%39.7%7.5%39.7%
Term Structure0.1%-0.9%1.1%0.3%-0.4%
VWIV12.9%10.2%16.3%12.4%14.2%
Skew 25d3.2%2.8%3.6%3.2%3.6%
Skew 10d7.1%5.8%9.3%6.6%7.8%
Call IV 25d10.4%9.5%12.3%10.7%12.3%
Put IV 25d13.7%12.3%15.9%13.9%15.9%
Bid-Ask Spread %17.293.9540.1932.8440.19
Gamma HHI0.190.120.450.190.16
Net GEX3.2M-9.3M18.5M4.9M-9.3M
Net DEX9.1M-37.0M79.1M-8.7M79.1M
Net VEX-907.2K-954.9K-856.1K-863.0K-889.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.1110.3210.321.64
Total Volume7,519.72778922,5454,26910,452
Total OI154,396.455132,753164,717132,753163,127

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$38.34$38.0011.8%3.2%14.0%10.8%12.4%3.2%0.3%4.9M-8.7M-863.0K10.3232.84N/AN/A3773,89246,97685,777
2019-07-02$38.48$38.0011.2%3.0%12.8%7.0%11.5%2.9%0.3%5.1M-14.5M-856.1K0.8017.37N/AN/A12,5559,99047,05987,618
2019-07-03$38.78$38.0010.4%2.7%12.9%1.5%10.2%2.8%0.0%6.7M-37.0M-945.6K0.6725.89N/AN/A12,9258,62259,21595,505
2019-07-05$38.49$38.0011.1%3.6%13.2%6.2%14.3%3.0%0.2%5.4M-18.5M-954.9K0.6724.55N/AN/A13,1638,81859,58896,502
2019-07-08$38.31$38.0011.4%3.6%12.5%8.2%12.6%3.3%1.1%4.8M-5.7M-950.9K0.2015.70N/AN/A77315859,89293,981
2019-07-09$38.22$38.0012.2%3.5%12.6%14.0%12.8%3.5%0.1%5.4M-3.8M-932.5K0.1418.57N/AN/A1,46219960,56494,072
2019-07-10$38.32$38.0011.4%3.6%12.4%8.0%16.1%3.2%1.1%6.2M-9.3M-941.1K0.5730.16N/AN/A1,46683461,24294,154
2019-07-11$38.25$38.0012.3%3.6%12.1%14.1%16.3%3.2%0.2%6.4M-4.5M-945.2K0.5415.60N/AN/A1,46979061,29794,755
2019-07-12$38.25$38.0011.8%3.4%12.1%11.0%14.6%3.0%0.1%6.5M-4.4M-901.9K1.6013.93N/AN/A1,5192,43461,32194,782
2019-07-15$38.30$38.0012.2%3.6%11.8%13.9%14.4%3.3%-0.9%7.4M-11.6M-905.6K0.113.95N/AN/A1,82419561,01694,475
2019-07-16$38.27$38.0011.8%3.4%11.8%11.3%14.0%3.4%-0.9%8.6M-12.3M-908.2K1.449.75N/AN/A1,8532,66062,25394,316
2019-07-17$38.10$38.0012.2%3.5%10.0%14.0%13.4%3.5%-0.0%10.5M3.1M-909.1K3.698.12N/AN/A2,4228,94462,24395,756
2019-07-18$38.18$38.0012.1%3.5%9.8%12.9%12.6%3.5%0.0%9.1M-1.1M-912.9K3.3715.79N/AN/A2,3737,99362,725101,101
2019-07-19$37.88$38.0012.3%3.5%9.4%14.3%12.3%3.5%0.0%18.5M41.4M-897.9K2.2721.36N/AN/A2,8466,45662,881101,836
2019-07-22$38.00$38.0012.1%3.5%6.9%13.1%11.3%3.5%0.2%-4.6M34.1M-890.5K0.9210.03N/AN/A41137851,80996,813
2019-07-23$38.39$38.0010.8%3.2%7.8%4.1%11.8%3.2%0.2%-1.7M12.0M-888.4K9.2110.98N/AN/A1691,55752,10896,923
2019-07-24$38.34$38.0010.9%3.3%7.5%4.6%10.5%3.0%0.3%-2.5M17.0M-888.8K0.196.43N/AN/A8,1351,52552,13897,369
2019-07-25$37.93$38.0012.0%3.5%8.5%12.0%11.3%3.2%0.1%-4.8M34.1M-898.8K1.4617.28N/AN/A2,3803,48358,49397,981
2019-07-26$38.12$38.0011.3%3.2%8.6%6.1%11.0%2.8%0.2%-3.8M24.3M-891.3K1.525.65N/AN/A2,6223,99059,74599,786
2019-07-29$38.16$38.0011.7%3.3%8.3%8.9%11.2%3.3%0.2%-1.5M21.3M-882.1K0.817.54N/AN/A2,1271,72659,37197,654
2019-07-30$37.41$38.0013.2%3.9%10.8%19.4%14.2%3.5%-0.1%-7.7M65.0M-903.9K1.4928.78N/AN/A3,0024,46561,45599,048
2019-07-31$37.16$38.0014.0%4.2%10.8%25.3%14.2%3.6%-0.4%-9.3M79.1M-889.4K1.6440.19N/AN/A3,9526,50062,563100,564