FEZ Options History — February 2015

In February 2015, FEZ traded between $37.01 and $39.38. ATM implied volatility averaged 20.5%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 5.5% (HV 20d: 26.0%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 3.45.

Notable Days

  • 2015-02-13: Highest Volume — 28,301 contracts
  • 2015-02-10: Largest IV drop — 11.8% change
  • 2015-02-09: Highest IV Rank — 73.6%
  • 2015-02-11: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.37$37.01$39.38$37.55$39.24
Max Pain$39.16$39.00$40.00$40.00$39.00
ATM IV20.5%17.0%24.9%19.8%17.4%
Expected Move5.8%4.9%7.0%5.7%5.0%
HV 20d26.0%22.9%27.6%27.4%23.6%
HV 60d22.9%21.1%23.6%21.1%23.1%
IV Rank56.0%42.0%73.6%53.2%43.7%
IV Percentile77.3%44.0%95.2%78.2%48.4%
Term Structure-0.1%-1.3%0.9%0.4%-0.1%
VWIV21.7%18.0%25.3%21.3%21.4%
Skew 25d5.0%3.3%6.3%5.0%3.6%
Skew 10d10.1%4.0%15.9%12.7%6.5%
Call IV 25d18.7%15.3%21.4%18.8%15.9%
Put IV 25d23.7%19.0%27.4%23.8%19.5%
Bid-Ask Spread %57.5030.7688.3186.0470.69
Gamma HHI0.130.110.160.140.12
Net GEX29.1K-4.3M3.0M-2.4M2.4M
Net DEX625.7K-40.9M52.6M32.7M-29.4M
Net VEX-326.7K-378.1K-275.7K-292.6K-314.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.450.2712.451.180.62
Total Volume13,014.36824628,30124613,606
Total OI110,686.89567,674140,569112,62167,674

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$37.55$40.0019.8%5.7%27.4%53.2%21.3%5.0%0.4%-2.4M32.7M-292.6K1.1886.04N/AN/A11313328,33484,287
2015-02-03$38.49$40.0018.9%5.4%22.9%49.7%18.0%3.8%0.9%-825.9K12.7M-276.8K3.7788.31N/AN/A2,6369,94628,36484,326
2015-02-04$37.69$40.0020.1%5.8%24.0%54.6%20.7%3.3%0.1%-1.7M25.8M-275.7K5.7462.25N/AN/A2,15912,40228,72084,314
2015-02-05$38.31$39.0020.7%5.9%24.2%57.0%21.1%5.4%-0.3%-1.4M19.2M-294.1K5.9237.34N/AN/A1,78410,55429,01686,996
2015-02-06$37.33$39.0022.4%6.3%26.1%63.7%21.5%5.8%-0.2%-3.0M37.7M-291.6K3.3239.87N/AN/A5,47718,19429,29787,525
2015-02-09$37.01$39.0024.9%6.6%25.5%73.6%21.8%6.0%-1.0%-4.3M52.6M-313.1K4.3543.67N/AN/A3,12013,57931,78895,225
2015-02-10$37.56$39.0021.9%6.2%25.8%61.9%23.9%6.3%-0.4%-2.4M32.8M-306.1K8.5457.17N/AN/A1,63413,94731,76190,872
2015-02-11$37.27$39.0024.3%7.0%26.1%71.3%25.3%5.6%-1.3%-3.1M40.4M-305.0K6.3142.72N/AN/A2,14713,55831,87391,236
2015-02-12$38.31$39.0022.2%6.4%27.6%63.1%24.9%5.2%-0.9%-103.0K13.2M-285.6K12.4567.54N/AN/A1,35316,84832,01191,443
2015-02-13$38.52$39.0020.5%5.9%27.5%56.3%23.4%5.2%-0.0%-370.6K14.0M-298.6K1.0660.49N/AN/A13,73614,56532,04792,847
2015-02-17$38.54$39.0021.0%6.0%26.7%58.3%22.8%5.7%-0.4%1.5M-14.8M-371.2K0.9734.41N/AN/A13,57013,13044,49993,825
2015-02-18$38.64$39.0020.4%5.8%26.6%55.7%22.9%5.9%-0.1%1.8M-18.2M-366.6K6.4167.17N/AN/A2,18514,01244,12493,630
2015-02-19$38.62$39.0020.1%5.8%26.5%54.6%23.9%5.2%0.3%2.1M-17.9M-369.7K1.2830.76N/AN/A1,6632,12144,13394,834
2015-02-20$39.21$39.0021.2%6.1%26.9%59.0%23.4%5.3%-0.2%2.0M-39.6M-378.1K0.3865.14N/AN/A4,8681,85844,73995,830
2015-02-23$38.95$39.0019.9%5.7%27.0%53.7%20.0%3.4%0.5%2.1M-32.2M-375.1K0.7166.05N/AN/A2,1091,49438,71233,406
2015-02-24$39.38$39.0018.8%5.4%26.8%49.3%19.4%5.6%-0.1%2.5M-39.6M-365.0K0.9056.35N/AN/A1,8261,64436,89033,802
2015-02-25$39.30$39.0017.3%5.0%26.7%43.3%19.3%4.9%0.4%2.8M-40.9M-359.0K1.3839.07N/AN/A1,5462,12637,99734,069
2015-02-26$39.10$39.0017.0%4.9%25.2%42.0%18.0%3.7%-0.2%3.0M-36.8M-368.5K0.2777.48N/AN/A9,1612,46938,17734,428
2015-02-27$39.24$39.0017.4%5.0%23.6%43.7%21.4%3.6%-0.1%2.4M-29.4M-314.2K0.6270.69N/AN/A8,3895,21733,11534,559