FEZ Options History — February 2023

In February 2023, FEZ traded between $42.36 and $44.28. ATM implied volatility averaged 21.3%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 6.5% (HV 20d: 14.8%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 109.51.

Notable Days

  • 2023-02-23: Highest Volume — 114,944 contracts
  • 2023-02-23: Largest IV drop — 25.4% change
  • 2023-02-22: Highest IV Rank — 20.4%
  • 2023-02-01: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.50$42.36$44.28$44.28$42.89
Max Pain$43.79$43.00$45.00$45.00$43.00
ATM IV21.3%18.1%28.1%24.8%23.2%
Expected Move6.1%5.4%7.8%7.8%6.4%
HV 20d14.8%13.1%18.8%16.6%18.7%
HV 60d19.4%18.0%23.4%23.4%18.8%
IV Rank6.5%0.0%20.4%12.9%10.4%
IV Percentile9.7%0.0%50.8%26.2%15.5%
Term Structure0.3%-0.6%1.4%-0.1%-0.4%
VWIV23.3%20.8%26.6%21.6%24.9%
Skew 25d6.7%5.4%8.5%6.7%7.6%
Skew 10d12.8%6.3%16.0%8.8%14.4%
Call IV 25d19.2%16.0%32.5%26.9%20.1%
Put IV 25d25.9%21.8%41.0%33.6%27.7%
Bid-Ask Spread %49.9824.6978.7078.7047.38
Gamma HHI0.270.140.660.140.31
Net GEX-16.5M-93.0M-2.4M-2.4M-22.0M
Net DEX38.6M-37.6M202.0M-37.6M141.7M
Net VEX-1.0M-1.5M-877.7K-877.7K-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio109.510.571093.517.3714.33
Total Volume15,432.895578114,94413,52412,404
Total OI229,328.684181,733307,392214,949235,546

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$44.28$45.0024.8%7.8%16.6%12.9%21.6%6.7%-0.1%-2.4M-37.6M-877.7K7.3778.70N/AN/A1,61611,90838,584176,365
2023-02-02$44.27$44.0018.6%5.8%15.1%0.2%21.0%5.9%0.3%-4.6M-19.5M-936.3K1.4151.61N/AN/A1,0741,51939,750187,981
2023-02-03$43.80$44.0018.1%5.4%15.6%0.0%21.9%5.8%0.3%-5.0M-1.6M-956.3K8.0449.39N/AN/A3863,10240,159188,744
2023-02-06$43.25$44.0020.4%5.9%13.8%4.8%20.8%6.6%0.3%-6.7M17.7M-948.6K5.9624.69N/AN/A3822,27739,675182,707
2023-02-07$43.55$44.0019.2%5.5%13.4%2.3%23.3%6.0%-0.3%-7.0M9.6M-945.6K4.2841.24N/AN/A3731,59839,652182,575
2023-02-08$43.22$44.0020.4%6.0%13.8%4.7%23.0%6.4%0.4%-6.9M19.2M-945.4K76.1036.32N/AN/A675,09939,790183,731
2023-02-09$43.47$44.0020.5%6.2%13.4%5.1%24.7%6.1%1.4%-6.2M13.1M-946.6K38.2752.29N/AN/A1766,73639,838185,150
2023-02-10$43.08$44.0020.9%6.2%13.1%5.9%22.4%6.3%0.8%-7.9M33.9M-960.9K1.8357.87N/AN/A49290239,972191,573
2023-02-13$43.70$44.0020.8%6.0%13.8%5.6%24.2%6.7%1.1%-7.0M9.9M-959.8K5.0532.49N/AN/A2941,48639,879192,082
2023-02-14$43.95$44.0019.3%5.5%13.9%2.5%23.2%6.2%0.1%-6.7M6.6M-927.8K0.5747.47N/AN/A83748139,968193,326
2023-02-15$44.00$44.0018.9%5.4%13.8%1.8%22.1%6.4%0.8%-6.2M3.3M-914.6K5.3748.19N/AN/A3201,71740,615193,634
2023-02-16$43.84$44.0020.0%5.7%13.5%4.0%22.2%5.4%1.2%-6.5M10.5M-926.6K1093.5144.16N/AN/A7076,54640,657194,815
2023-02-17$43.91$44.0020.7%5.8%13.3%5.3%25.4%6.8%0.6%-22.8M56.0M-1.0M8.8631.54N/AN/A1,21810,78840,655266,737
2023-02-21$43.34$44.0022.8%6.4%14.0%9.7%22.0%7.8%-0.6%-32.4M75.1M-1.0M74.0658.04N/AN/A17212,73931,102158,938
2023-02-22$43.00$43.0028.1%6.5%14.3%20.4%26.2%8.5%0.8%-35.8M69.3M-973.1K11.5769.90N/AN/A4653231,171150,562
2023-02-23$43.50$43.0020.9%6.0%14.7%5.9%26.6%6.7%-0.3%-14.8M2.2M-903.3K695.6356.47N/AN/A165114,77931,212150,789
2023-02-24$42.36$43.0023.8%6.4%17.4%11.7%22.7%7.9%-0.3%-93.0M202.0M-1.5M4.7058.92N/AN/A3,01314,16531,382265,393
2023-02-27$43.16$43.0023.3%6.4%18.8%10.7%24.1%7.1%-0.4%-20.0M122.7M-1.5M23.8162.98N/AN/A1513,59533,434199,102
2023-02-28$42.89$43.0023.2%6.4%18.7%10.4%24.9%7.6%-0.4%-22.0M141.7M-1.5M14.3347.38N/AN/A80911,59533,537202,009