FEZ Options History — December 2023

In December 2023, FEZ traded between $45.91 and $48.11. ATM implied volatility averaged 13.8%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.5% (HV 20d: 11.2%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 22.64.

Notable Days

  • 2023-12-28: Highest Volume — 6,390 contracts
  • 2023-12-15: Largest IV spike — 19.4% change
  • 2023-12-15: Highest IV Rank — 13.8%
  • 2023-12-07: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.15$45.91$48.11$46.05$47.84
Max Pain$40.15$40.00$43.00$43.00$40.00
ATM IV13.8%12.8%15.5%13.5%13.4%
Expected Move4.0%3.7%4.3%4.0%3.7%
HV 20d11.2%9.0%13.5%13.4%10.6%
HV 60d15.7%14.7%16.3%16.3%14.7%
IV Rank5.2%0.7%13.8%3.9%3.4%
IV Percentile4.8%0.4%16.3%2.4%3.2%
Term Structure0.3%-0.3%0.9%0.2%0.3%
VWIV15.5%12.5%19.1%16.7%12.7%
Skew 25d2.5%-0.2%3.2%3.0%2.3%
Skew 10d5.6%4.3%6.7%5.7%5.1%
Call IV 25d12.7%11.9%14.6%12.2%12.4%
Put IV 25d15.2%14.3%16.0%15.2%14.7%
Bid-Ask Spread %49.6612.3880.0617.6437.87
Gamma HHI0.260.130.360.270.13
Net GEX1.4M280.1K3.2M3.2M280.1K
Net DEX-148.5M-163.5M-132.3M-135.6M-153.1M
Net VEX-182.7K-258.5K-144.0K-254.4K-144.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio22.640.20318.504.152.06
Total Volume983.31016,390206790
Total OI95,624.6593,12299,29595,57899,295

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$46.05$43.0013.5%4.0%13.4%3.9%0.0%3.0%0.2%3.2M-135.6M-254.4K4.1517.64N/AN/A4016638,80556,773
2023-12-04$45.91$40.0014.0%4.2%13.5%6.5%16.7%3.1%0.4%2.2M-132.3M-258.5K38.0051.74N/AN/A415238,63056,365
2023-12-05$46.05$40.0014.1%4.2%12.9%7.1%16.4%3.2%0.4%2.1M-134.5M-250.5K0.4662.08N/AN/A713338,63056,487
2023-12-06$46.11$40.0014.4%4.2%12.8%8.3%14.4%2.3%0.4%2.1M-139.4M-226.2K0.7756.89N/AN/A37228738,68856,509
2023-12-07$46.39$40.0014.1%4.3%12.7%6.8%17.5%3.0%0.7%2.0M-141.5M-221.8K2.1871.92N/AN/A9119838,80056,718
2023-12-08$46.75$40.0013.9%4.0%12.7%6.0%14.3%2.8%0.4%1.8M-148.2M-200.6K0.7062.45N/AN/A67046838,85056,805
2023-12-11$46.91$40.0014.0%4.1%12.6%6.2%16.6%2.8%0.1%1.6M-149.2M-198.0K0.9272.65N/AN/A22820939,00156,861
2023-12-12$47.00$40.0013.5%3.9%12.6%3.8%17.2%2.4%0.1%1.7M-153.3M-183.6K5.0354.05N/AN/A7537739,13957,047
2023-12-13$47.61$40.0012.8%3.7%9.0%0.7%16.4%2.3%-0.0%1.4M-161.5M-160.4K3.9577.87N/AN/A11947039,18057,135
2023-12-14$47.84$40.0013.0%3.9%9.0%1.4%14.9%2.2%0.6%1.1M-163.5M-147.2K4.6471.30N/AN/A10749739,20357,482
2023-12-15$47.34$40.0015.5%3.9%10.2%13.8%12.5%-0.2%0.9%1.1M-157.8M-159.8K0.3880.06N/AN/A92435539,25957,966
2023-12-18$47.27$40.0013.2%3.8%9.5%2.3%14.0%2.4%0.1%1.3M-144.6M-166.7K50.7459.88N/AN/A381,92836,87857,255
2023-12-19$47.67$40.0013.3%3.8%9.6%3.1%16.4%2.6%-0.1%1.2M-151.0M-149.9K6.7715.41N/AN/A138836,87456,288
2023-12-20$47.11$40.0013.8%3.9%10.3%5.3%13.7%2.2%-0.0%1.2M-144.8M-168.6K1.5723.98N/AN/A17928136,87756,245
2023-12-21$47.66$40.0013.8%3.9%10.8%5.4%16.2%2.8%-0.3%1.3M-151.4M-145.0K318.5042.09N/AN/A103,18536,97356,344
2023-12-22$47.59$40.0013.7%3.9%10.5%5.0%12.8%2.6%0.2%740.1K-150.6M-150.0K6.6168.29N/AN/A7146936,99759,438
2023-12-26$47.98$40.0013.9%4.0%10.6%5.8%16.9%2.9%0.2%586.7K-152.9M-156.7K0.2021.48N/AN/A911836,95259,225
2023-12-27$48.11$40.0013.6%3.9%10.5%4.4%14.7%3.0%0.8%511.7K-155.2M-148.7K4.1833.08N/AN/A3916336,97959,234
2023-12-28$47.80$40.0013.8%3.9%10.9%5.6%19.1%2.8%0.2%509.7K-150.2M-162.6K0.9612.38N/AN/A3,2623,12836,97659,330
2023-12-29$47.84$40.0013.4%3.7%10.6%3.4%12.7%2.3%0.3%280.1K-153.1M-144.0K2.0637.87N/AN/A25853236,94762,348