FEZ Options History — February 2024

In February 2024, FEZ traded between $47.86 and $50.75. ATM implied volatility averaged 14.2%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.1% (HV 20d: 14.3%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 9.20.

Notable Days

  • 2024-02-28: Highest Volume — 10,771 contracts
  • 2024-02-22: Largest IV drop — 18.1% change
  • 2024-02-21: Highest IV Rank — 23.0%
  • 2024-02-01: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.21$47.86$50.75$48.42$50.63
Max Pain$48.60$48.00$49.00$48.00$49.00
ATM IV14.2%12.9%17.4%14.5%12.9%
Expected Move4.0%3.8%4.3%4.3%3.8%
HV 20d14.3%12.7%15.3%15.0%12.7%
HV 60d13.5%12.5%13.8%13.8%13.4%
IV Rank7.4%1.1%23.0%9.0%1.1%
IV Percentile14.3%1.6%52.0%17.1%1.6%
Term Structure0.2%-1.6%1.3%0.3%0.5%
VWIV14.2%12.7%17.9%14.4%13.4%
Skew 25d2.4%0.5%5.0%2.8%1.6%
Skew 10d4.8%2.5%7.0%4.9%3.9%
Call IV 25d13.2%12.2%14.1%13.4%12.2%
Put IV 25d15.6%13.8%18.5%16.2%13.8%
Bid-Ask Spread %65.7528.7897.8976.0197.89
Gamma HHI0.170.090.410.210.41
Net GEX-488.6K-2.1M1.7M5.7K-2.1M
Net DEX-7.8M-16.8M1.3M-8.2M-6.3M
Net VEX-173.1K-212.1K-118.6K-201.1K-187.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.200.5273.810.522.54
Total Volume1,387.657410,7712,013838
Total OI35,387.928,74240,21539,06940,215

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$48.42$48.0014.5%4.3%15.0%9.0%14.4%2.8%0.3%5.7K-8.2M-201.1K0.5276.01N/AN/A1,3236907,69531,374
2024-02-02$48.11$48.0014.7%4.3%15.3%9.8%14.2%2.4%0.0%-541.5K-3.6M-212.1K0.6245.71N/AN/A1,7451,0877,16632,044
2024-02-05$47.95$48.0014.6%4.3%15.3%9.6%17.9%2.6%0.1%-1.5M-418.2K-187.8K8.4432.55N/AN/A615156,40731,723
2024-02-06$48.22$48.0014.5%4.2%14.9%8.7%13.3%2.5%0.1%-1.0M-3.5M-184.2K0.6834.81N/AN/A44306,43931,550
2024-02-07$48.34$48.0013.7%4.2%14.3%5.1%16.9%2.6%0.8%-971.3K-3.8M-190.2K4.0633.97N/AN/A512076,45431,573
2024-02-08$48.53$48.0013.8%3.9%14.3%5.2%14.4%2.3%-0.1%-724.7K-5.3M-189.0K1.1467.34N/AN/A49566,50531,573
2024-02-09$48.81$48.0013.5%3.9%14.3%3.8%13.8%2.4%0.2%-523.6K-7.9M-180.2K3.4330.61N/AN/A2137306,55031,594
2024-02-12$48.83$49.0014.0%4.0%14.3%6.3%14.2%2.6%0.6%-827.5K-5.8M-192.5K6.3628.78N/AN/A1066746,44931,897
2024-02-13$47.86$49.0014.8%4.3%14.5%10.6%14.5%3.0%0.7%-1.6M1.3M-187.4K2.2635.72N/AN/A3217246,47132,213
2024-02-14$48.52$49.0013.5%3.9%14.7%3.8%12.7%3.0%1.3%-1.4M-5.0M-181.4K1.7373.09N/AN/A601046,68532,353
2024-02-15$49.09$49.0014.2%4.0%14.5%7.3%14.2%2.7%0.4%-313.6K-9.9M-170.1K14.2055.56N/AN/A951,3496,72432,313
2024-02-16$49.02$48.0014.3%4.1%14.6%8.0%13.6%2.2%0.8%1.2M-9.7M-171.9K14.5089.40N/AN/A669576,72432,333
2024-02-20$49.31$49.0015.0%4.1%14.6%11.3%14.0%2.7%0.5%-203.7K-7.3M-160.1K73.8188.87N/AN/A322,3625,88322,859
2024-02-21$49.61$49.0017.4%4.2%14.4%23.0%14.4%5.0%-0.0%-251.7K-7.4M-168.5K1.0489.68N/AN/A1151205,91422,915
2024-02-22$50.44$49.0014.2%3.9%13.7%7.6%14.2%2.1%-0.3%-261.7K-11.7M-155.2K1.9585.40N/AN/A3727275,97623,049
2024-02-23$50.48$49.0013.4%3.8%13.7%3.6%13.5%1.8%-0.2%1.7M-14.0M-144.0K2.7080.59N/AN/A1965296,33223,041
2024-02-26$50.59$49.0013.4%3.8%13.4%3.4%14.2%1.4%0.0%-239.7K-13.6M-157.8K8.1483.41N/AN/A292366,38623,169
2024-02-27$50.75$49.0014.1%3.8%13.4%7.0%13.0%1.4%-1.6%-59.6K-16.8M-118.6K0.5589.20N/AN/A109606,40623,174
2024-02-28$50.66$49.0013.4%3.9%13.5%3.6%13.4%0.5%-0.7%-78.1K-16.5M-123.7K35.3996.40N/AN/A29610,4756,46923,161
2024-02-29$50.63$49.0012.9%3.8%12.7%1.1%13.4%1.6%0.5%-2.1M-6.3M-187.0K2.5497.89N/AN/A2376016,71333,502