FEZ Options History — August 2022

In August 2022, FEZ traded between $33.91 and $37.39. ATM implied volatility averaged 26.6%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 1.0% (HV 20d: 27.6%). Max pain ranged from $35.00 to $37.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 225.72.

Notable Days

2022-08-15: Highest Volume — 153,292 contracts
2022-08-17: Largest IV spike — 17.2% change
2022-08-30: Highest IV Rank — 35.6%
2022-08-29: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.89	$33.91	$37.39	$36.42	$33.91
Max Pain	$35.35	$35.00	$37.00	$35.00	$37.00
ATM IV	26.6%	22.3%	31.9%	26.6%	30.5%
Expected Move	7.6%	6.7%	8.9%	7.5%	8.7%
HV 20d	27.6%	20.0%	32.4%	28.6%	30.7%
HV 60d	28.6%	26.4%	29.9%	29.5%	29.4%
IV Rank	26.3%	18.6%	35.6%	26.4%	33.1%
IV Percentile	60.8%	42.9%	84.5%	61.1%	79.4%
Term Structure	0.2%	-5.0%	1.8%	-0.4%	-0.1%
VWIV	31.9%	27.0%	36.4%	34.2%	32.3%
Skew 25d	8.3%	5.6%	10.4%	7.7%	9.6%
Skew 10d	18.3%	12.8%	25.4%	15.5%	15.2%
Call IV 25d	23.0%	19.1%	27.0%	23.4%	26.5%
Put IV 25d	31.3%	25.8%	37.4%	31.0%	36.1%
Bid-Ask Spread %	62.02	14.36	81.03	78.12	50.77
Gamma HHI	0.20	0.16	0.23	0.22	0.19
Net GEX	-33.9M	-65.9M	-13.0M	-30.5M	-65.9M
Net DEX	286.8M	62.8M	673.9M	183.9M	673.9M
Net VEX	-1.6M	-2.2M	-914.8K	-1.5M	-2.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	225.72	1.14	2218.40	38.58	12.27
Total Volume	41,526.087	747	153,292	59,337	36,969
Total OI	704,324.522	527,886	939,393	780,892	677,227

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
2022-08-01	$36.42	$35.00	26.6%	7.5%	28.6%	26.4%	34.2%	7.7%	-0.4%	-30.5M	183.9M	-1.5M	38.58	78.12	N/A	N/A	1,499	57,838	28,249	752,643
2022-08-02	$35.90	$35.00	27.8%	7.9%	25.6%	28.6%	34.3%	9.3%	-0.0%	-36.5M	251.4M	-1.7M	14.20	81.03	N/A	N/A	1,663	23,619	28,269	713,773
2022-08-03	$36.44	$35.00	25.8%	7.0%	25.9%	24.9%	36.4%	8.7%	0.7%	-29.1M	176.4M	-1.4M	59.16	22.68	N/A	N/A	1,516	89,682	28,291	711,849
2022-08-04	$36.74	$35.00	26.3%	7.2%	25.8%	25.9%	34.1%	7.7%	-0.1%	-22.2M	139.7M	-1.3M	43.60	72.30	N/A	N/A	1,430	62,348	28,295	671,453
2022-08-05	$36.49	$35.00	24.6%	7.5%	26.1%	22.9%	30.6%	7.8%	0.4%	-25.0M	160.2M	-1.4M	36.38	71.49	N/A	N/A	1,568	57,046	28,321	684,861
2022-08-08	$36.59	$35.00	25.8%	7.2%	24.4%	25.0%	32.1%	8.4%	-0.7%	-22.1M	134.4M	-1.2M	33.90	72.30	N/A	N/A	1,616	54,790	28,446	693,056
2022-08-09	$36.28	$35.00	25.3%	7.7%	24.7%	24.1%	30.4%	8.4%	1.4%	-22.4M	153.6M	-1.3M	73.70	73.90	N/A	N/A	10	737	28,483	697,159
2022-08-10	$37.09	$35.00	23.3%	6.9%	25.4%	20.4%	27.0%	6.7%	0.7%	-14.1M	82.8M	-1.0M	12.84	78.39	N/A	N/A	108	1,387	28,493	694,146
2022-08-11	$36.99	$35.00	23.3%	6.9%	24.3%	20.5%	29.7%	6.8%	1.4%	-13.8M	84.4M	-1.0M	43.57	44.27	N/A	N/A	150	6,535	28,378	694,286
2022-08-12	$37.39	$35.00	22.3%	6.7%	23.9%	18.6%	27.5%	7.3%	1.8%	-13.0M	70.7M	-1.0M	1.14	79.42	N/A	N/A	671	764	28,396	700,463
2022-08-15	$37.08	$35.00	23.2%	6.7%	24.3%	20.3%	30.1%	6.7%	0.5%	-13.2M	62.8M	-914.8K	885.08	75.60	N/A	N/A	173	153,119	28,893	700,517
2022-08-16	$37.27	$36.00	23.5%	6.8%	20.0%	20.3%	30.8%	8.1%	-0.7%	-25.0M	149.9M	-1.4M	1300.62	72.25	N/A	N/A	47	61,129	29,011	851,890
2022-08-17	$35.45	$36.00	27.5%	7.9%	27.1%	27.6%	35.9%	5.6%	-5.0%	-54.3M	443.5M	-1.8M	2218.40	76.05	N/A	N/A	50	110,920	28,845	910,548
2022-08-18	$36.66	$36.00	23.9%	6.8%	29.3%	21.0%	32.1%	6.9%	1.2%	-32.5M	222.3M	-1.6M	40.34	14.36	N/A	N/A	777	31,347	28,859	872,113
2022-08-19	$35.91	$36.00	25.4%	7.2%	30.3%	23.8%	27.2%	7.8%	0.6%	-33.1M	302.8M	-1.8M	11.86	16.86	N/A	N/A	1,362	16,155	29,477	880,041
2022-08-22	$34.78	$36.00	29.3%	8.3%	32.4%	30.8%	30.1%	8.9%	0.6%	-43.6M	462.2M	-2.0M	6.73	23.10	N/A	N/A	1,232	8,295	17,006	510,880
2022-08-23	$34.88	$36.00	28.8%	8.1%	31.7%	30.0%	31.5%	9.4%	0.5%	-43.7M	450.3M	-2.0M	5.09	68.09	N/A	N/A	2,065	10,507	17,991	514,077
2022-08-24	$35.08	$35.00	28.4%	8.1%	30.1%	29.2%	35.5%	9.8%	0.3%	-43.8M	424.3M	-1.9M	1.14	66.09	N/A	N/A	5,051	5,734	20,018	520,305
2022-08-25	$35.41	$35.00	27.4%	7.5%	30.1%	27.3%	33.5%	8.9%	0.1%	-42.9M	375.1M	-1.9M	10.11	71.49	N/A	N/A	1,819	18,392	25,030	526,478
2022-08-26	$34.22	$35.00	31.2%	8.9%	31.6%	34.4%	31.9%	10.2%	-0.2%	-50.4M	538.5M	-2.2M	29.30	70.35	N/A	N/A	316	9,258	26,489	541,994
2022-08-29	$34.34	$35.00	30.6%	8.9%	31.6%	33.3%	32.5%	9.9%	0.6%	-49.9M	510.9M	-2.1M	11.71	74.27	N/A	N/A	430	5,036	26,462	545,676
2022-08-30	$34.16	$35.00	31.9%	8.9%	31.4%	35.6%	34.9%	10.4%	-0.1%	-51.9M	541.5M	-2.1M	301.87	73.39	N/A	N/A	363	109,577	26,806	545,521
2022-08-31	$33.91	$37.00	30.5%	8.7%	30.7%	33.1%	32.3%	9.6%	-0.1%	-65.9M	673.9M	-2.2M	12.27	50.77	N/A	N/A	2,785	34,184	26,925	650,302