FEZ Options History — March 2024

In March 2024, FEZ traded between $50.64 and $52.78. ATM implied volatility averaged 14.1%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.2% (HV 20d: 12.9%). Max pain ranged from $49.00 to $52.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 5.74.

Notable Days

  • 2024-03-04: Highest Volume — 1,800 contracts
  • 2024-03-05: Largest IV spike — 42.8% change
  • 2024-03-08: Highest IV Rank — 26.9%
  • 2024-03-08: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.95$50.64$52.78$50.91$52.56
Max Pain$51.60$49.00$52.00$49.00$52.00
ATM IV14.1%12.5%18.2%13.0%13.8%
Expected Move3.7%3.4%4.0%3.6%3.7%
HV 20d12.9%11.8%14.9%12.3%12.9%
HV 60d14.0%13.4%14.2%13.4%13.6%
IV Rank8.8%0.0%26.9%1.6%11.1%
IV Percentile18.0%0.0%65.1%2.4%13.1%
Term Structure-0.0%-9.1%5.8%2.5%-0.7%
VWIV13.7%12.1%15.7%13.7%13.1%
Skew 25d0.9%-7.7%6.9%1.5%6.9%
Skew 10d2.8%-3.2%14.1%3.8%14.1%
Call IV 25d13.5%11.8%21.9%11.9%12.4%
Put IV 25d14.4%11.5%19.3%13.5%19.3%
Bid-Ask Spread %86.9475.2896.9587.0885.45
Gamma HHI0.270.120.430.380.13
Net GEX-1.6M-2.5M-542.6K-1.8M-751.6K
Net DEX-11.5M-18.9M-3.9M-9.7M-12.1M
Net VEX-149.2K-204.5K-117.1K-171.7K-119.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.740.1217.8217.8211.28
Total Volume596.35991,8007531,326
Total OI40,588.7539,51141,71440,50640,298

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$50.91$49.0013.0%3.6%12.3%1.6%13.7%1.5%2.5%-1.8M-9.7M-171.7K17.8287.08N/AN/A407136,77933,727
2024-03-04$51.09$51.0012.7%3.8%11.8%0.0%15.4%1.8%1.9%-1.9M-10.7M-167.5K17.3787.02N/AN/A981,7026,76234,033
2024-03-05$50.64$51.0018.1%3.9%12.4%26.5%14.5%1.9%-9.1%-2.5M-3.9M-204.5K5.4088.97N/AN/A201086,77934,075
2024-03-06$51.34$51.0015.6%3.9%12.9%14.5%15.7%3.2%-1.8%-1.8M-12.1M-165.9K7.0686.84N/AN/A1178266,76534,163
2024-03-07$52.23$51.0016.1%3.9%13.9%16.9%14.1%-1.8%-2.6%-1.5M-16.3M-156.6K10.3488.15N/AN/A737556,79233,816
2024-03-08$51.78$51.0018.2%4.0%14.6%26.9%14.5%1.6%0.2%-1.7M-14.1M-159.5K2.7985.15N/AN/A2316456,81834,239
2024-03-11$51.64$52.0016.3%4.0%14.7%17.6%15.2%0.9%-5.9%-2.2M-12.7M-158.1K8.3089.30N/AN/A978056,94334,382
2024-03-12$52.20$52.0012.5%3.8%14.9%0.0%14.2%0.1%0.4%-1.5M-17.1M-151.3K4.2389.28N/AN/A391656,90634,488
2024-03-13$52.45$52.0012.5%3.8%12.1%0.0%13.3%0.4%0.9%-1.4M-18.9M-147.1K0.6485.38N/AN/A135866,92734,577
2024-03-14$51.91$52.0013.8%3.9%12.7%6.4%14.6%1.0%0.1%-2.0M-15.6M-158.1K0.8395.74N/AN/A2752277,01134,627
2024-03-15$52.09$52.0014.0%3.9%12.3%7.6%13.6%2.4%-1.6%-1.8M-17.3M-139.9K1.1096.95N/AN/A7057756,91634,798
2024-03-18$51.78$52.0013.3%3.8%12.6%4.8%13.0%2.3%0.7%-2.0M-4.9M-154.6K3.0876.29N/AN/A501545,35734,154
2024-03-19$51.84$52.0013.2%3.8%12.6%4.5%13.4%2.4%1.7%-2.0M-4.7M-149.0K1.1975.28N/AN/A53635,36234,225
2024-03-20$52.56$52.0012.5%3.6%13.1%0.5%12.4%1.9%0.7%-1.3M-9.8M-133.2K0.1284.89N/AN/A448545,39234,232
2024-03-21$52.38$52.0013.3%3.6%12.3%5.8%12.5%1.8%5.8%-1.3M-9.0M-139.4K1.0885.14N/AN/A48525,82434,257
2024-03-22$52.05$52.0012.8%3.6%12.6%2.3%12.5%1.9%0.6%-1.6M-7.3M-144.0K4.7485.60N/AN/A874125,83634,263
2024-03-25$52.31$52.0012.7%3.4%12.7%1.4%12.1%-5.1%0.1%-1.1M-10.5M-123.9K1.6184.35N/AN/A38615,86234,183
2024-03-26$52.41$52.0013.0%3.5%12.6%4.0%12.7%1.4%0.1%-856.0K-11.9M-117.1K14.3389.32N/AN/A182585,87734,195
2024-03-27$52.78$52.0015.2%3.5%12.7%23.2%12.9%-7.7%5.1%-542.6K-12.6M-122.9K1.5592.61N/AN/A661025,89234,243
2024-03-28$52.56$52.0013.8%3.7%12.9%11.1%13.1%6.9%-0.7%-751.6K-12.1M-119.6K11.2885.45N/AN/A1081,2185,95334,345