FEZ Options History — August 2018

In August 2018, FEZ traded between $37.07 and $39.74. ATM implied volatility averaged 13.8%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.7% (HV 20d: 14.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 6.62.

Notable Days

2018-08-29: Highest Volume — 95,371 contracts
2018-08-10: Largest IV spike — 20.2% change
2018-08-15: Highest IV Rank — 44.7%
2018-08-15: Largest Expected Move — 5.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.58	$37.07	$39.74	$39.74	$38.24
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	13.8%	11.5%	17.5%	12.0%	16.3%
Expected Move	4.0%	3.2%	5.0%	3.5%	4.8%
HV 20d	14.4%	8.5%	18.4%	12.1%	18.4%
HV 60d	16.2%	15.4%	17.4%	15.7%	15.9%
IV Rank	27.1%	16.0%	44.7%	18.8%	39.2%
IV Percentile	64.0%	40.5%	90.5%	50.4%	84.5%
Term Structure	-0.0%	-0.9%	0.5%	0.0%	-0.5%
VWIV	17.0%	10.8%	25.6%	10.8%	16.7%
Skew 25d	4.5%	3.7%	6.0%	4.0%	5.7%
Skew 10d	9.6%	7.1%	12.7%	8.8%	12.7%
Call IV 25d	11.9%	10.0%	14.7%	10.0%	13.5%
Put IV 25d	16.4%	13.8%	20.6%	14.0%	19.2%
Bid-Ask Spread %	17.63	6.54	43.48	43.48	25.80
Gamma HHI	0.21	0.12	0.35	0.19	0.15
Net GEX	-33.0M	-65.7M	-13.0M	-22.5M	-13.2M
Net DEX	253.3M	54.1M	596.8M	139.6M	148.9M
Net VEX	-27519931061452652544.00B	-632958414413410992128.00B	-1.5M	-1.9M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.62	1.22	18.25	2.20	5.01
Total Volume	50,187.348	21,933	95,371	30,815	56,198
Total OI	349,547.609	260,773	430,977	389,772	274,881

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$39.74	$40.00	12.0%	3.5%	12.1%	18.8%	10.8%	4.0%	0.0%	-22.5M	139.6M	-1.9M	2.20	43.48	N/A	N/A	9,640	21,175	96,507	293,265
2018-08-02	$39.27	$40.00	11.8%	3.5%	11.4%	17.7%	12.2%	4.6%	0.0%	-33.1M	218.3M	-1.9M	1.36	20.17	N/A	N/A	10,758	14,585	96,680	293,433
2018-08-03	$39.26	$40.00	11.5%	3.2%	11.2%	16.0%	11.4%	4.0%	0.3%	-32.9M	213.0M	-1.9M	1.41	27.04	N/A	N/A	10,338	14,548	97,611	293,291
2018-08-06	$39.11	$40.00	12.5%	3.8%	11.1%	20.8%	18.1%	4.0%	0.5%	-32.4M	227.1M	-1.8M	1.30	15.53	N/A	N/A	9,519	12,414	95,714	284,736
2018-08-07	$39.48	$40.00	11.6%	3.9%	11.6%	16.5%	13.2%	3.7%	0.5%	-28.9M	174.8M	-1.8M	1.25	6.54	N/A	N/A	9,894	12,379	95,749	284,826
2018-08-08	$39.40	$40.00	11.5%	3.8%	8.5%	16.0%	13.1%	3.9%	0.5%	-29.2M	185.8M	-1.8M	1.22	12.73	N/A	N/A	10,169	12,393	96,103	285,062
2018-08-09	$39.14	$40.00	11.9%	3.6%	8.5%	17.9%	13.0%	3.8%	0.5%	-31.1M	216.4M	-1.7M	1.22	12.18	N/A	N/A	9,913	12,083	96,640	285,103
2018-08-10	$37.95	$40.00	14.2%	4.2%	13.8%	29.4%	18.6%	4.8%	0.0%	-45.9M	389.8M	-632958414413410992128.00B	6.92	24.39	N/A	N/A	11,196	77,497	96,811	285,042
2018-08-13	$37.73	$40.00	16.2%	4.5%	13.8%	38.5%	25.6%	4.7%	-0.6%	-62.2M	476.7M	-1.8M	3.33	13.34	N/A	N/A	13,480	44,880	99,673	321,358
2018-08-14	$37.74	$40.00	16.0%	4.4%	13.8%	37.8%	24.9%	5.2%	-0.9%	-65.7M	470.7M	-1.9M	4.83	8.83	N/A	N/A	7,658	36,980	102,701	324,126
2018-08-15	$37.07	$40.00	17.5%	5.0%	14.8%	44.7%	22.7%	6.0%	-0.2%	-52.6M	596.8M	-1.8M	11.20	14.12	N/A	N/A	5,435	60,891	103,187	324,153
2018-08-16	$37.25	$40.00	16.4%	4.8%	15.0%	39.5%	25.1%	4.9%	0.3%	-54.8M	539.6M	-1.8M	6.74	15.28	N/A	N/A	5,658	38,153	103,717	327,260
2018-08-17	$37.59	$40.00	15.1%	4.2%	15.4%	33.3%	24.1%	4.8%	-0.8%	-55.5M	480.7M	-1.8M	7.66	18.34	N/A	N/A	5,280	40,467	103,696	323,959
2018-08-20	$37.81	$40.00	14.1%	4.1%	15.7%	28.6%	20.4%	4.8%	-0.3%	-26.3M	267.8M	-1.7M	9.12	8.84	N/A	N/A	3,448	31,446	57,484	228,510
2018-08-21	$38.38	$40.00	13.3%	3.8%	16.7%	24.7%	14.9%	4.1%	-0.3%	-28.2M	211.1M	-1.7M	13.79	23.11	N/A	N/A	4,256	58,703	57,909	227,574
2018-08-22	$38.58	$40.00	13.7%	3.9%	16.4%	26.7%	15.2%	4.3%	0.2%	-25.6M	171.5M	-1.7M	12.19	37.22	N/A	N/A	4,861	59,275	58,419	226,625
2018-08-23	$38.32	$40.00	13.9%	4.0%	16.5%	27.8%	16.0%	4.5%	0.1%	-27.4M	194.7M	-1.8M	12.50	8.59	N/A	N/A	4,732	59,170	59,785	227,734
2018-08-24	$38.72	$40.00	14.3%	4.1%	16.9%	29.7%	16.1%	4.0%	-0.0%	-26.2M	154.2M	-1.7M	6.06	14.85	N/A	N/A	9,759	59,164	60,942	228,685
2018-08-27	$39.26	$40.00	12.9%	3.7%	17.7%	23.0%	16.8%	4.2%	0.1%	-18.5M	96.7M	-1.7M	14.70	9.85	N/A	N/A	3,999	58,789	64,278	227,771
2018-08-28	$39.20	$40.00	13.5%	3.9%	17.7%	25.5%	14.8%	4.2%	-0.1%	-20.0M	101.2M	-1.7M	18.25	26.87	N/A	N/A	4,250	77,578	64,652	228,417
2018-08-29	$39.32	$40.00	12.9%	3.7%	17.6%	23.0%	12.3%	4.5%	0.3%	-13.0M	54.1M	-1.5M	5.18	7.82	N/A	N/A	15,420	79,951	64,807	195,966
2018-08-30	$38.82	$40.00	14.0%	4.1%	17.7%	27.9%	15.4%	5.2%	0.2%	-14.7M	95.6M	-1.6M	4.87	10.69	N/A	N/A	7,818	38,109	76,342	198,411
2018-08-31	$38.24	$40.00	16.3%	4.8%	18.4%	39.2%	16.7%	5.7%	-0.5%	-13.2M	148.9M	-1.6M	5.01	25.80	N/A	N/A	9,353	46,845	76,396	198,485