FEZ Options History — January 2019

In January 2019, FEZ traded between $32.75 and $35.39. ATM implied volatility averaged 16.9%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 1.6% (HV 20d: 18.6%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 4.93.

Notable Days

  • 2019-01-16: Highest Volume — 61,670 contracts
  • 2019-01-22: Largest IV spike — 16.1% change
  • 2019-01-03: Highest IV Rank — 66.0%
  • 2019-01-02: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.28$32.75$35.39$33.00$35.22
Max Pain$34.62$34.00$37.00$37.00$35.00
ATM IV16.9%13.9%22.6%22.3%14.8%
Expected Move4.9%3.9%6.5%6.5%4.5%
HV 20d18.6%16.3%21.1%18.9%16.3%
HV 60d18.4%17.8%19.4%18.2%17.9%
IV Rank36.0%19.3%66.0%64.5%24.2%
IV Percentile57.7%27.0%96.4%94.8%37.7%
Term Structure0.1%-0.6%0.9%-0.1%0.3%
VWIV19.1%14.8%26.8%26.8%17.5%
Skew 25d4.2%3.1%5.9%5.5%3.2%
Skew 10d8.9%5.9%18.5%11.2%6.8%
Call IV 25d15.0%12.6%19.8%19.8%13.0%
Put IV 25d19.2%15.9%25.3%25.2%16.2%
Bid-Ask Spread %24.6410.8243.2416.4714.22
Gamma HHI0.250.150.420.230.17
Net GEX-18.6M-34.9M-6.3M-18.8M-7.4M
Net DEX143.5M2.5M318.1M318.1M15.5M
Net VEX-856.8K-936.0K-741.6K-762.4K-864.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.930.0915.216.9715.21
Total Volume15,838.4291,45361,6705,27026,617
Total OI260,843204,177322,659267,127208,061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$33.00$37.0022.3%6.5%18.9%64.5%26.8%5.5%-0.1%-18.8M318.1M-762.4K6.9716.47N/AN/A6614,60983,894183,233
2019-01-03$32.75$35.0022.6%6.2%17.5%66.0%24.1%5.9%0.2%-18.2M302.5M-741.6K14.2538.02N/AN/A1,38019,66283,997175,638
2019-01-04$33.75$35.0019.7%5.5%21.1%51.0%23.2%4.4%0.3%-22.6M236.7M-848.1K4.3032.63N/AN/A4,14617,82884,598191,930
2019-01-07$33.85$35.0019.0%5.5%20.6%47.3%18.4%4.6%0.5%-24.1M215.4M-811.0K3.0930.05N/AN/A2,2406,93183,048186,277
2019-01-08$34.05$35.0018.8%5.3%20.7%46.6%20.1%4.3%-0.3%-25.8M209.5M-847.9K1.1424.29N/AN/A9511,08184,697198,261
2019-01-09$34.42$35.0017.9%5.4%20.6%41.9%20.9%3.9%0.9%-23.4M169.3M-865.4K2.4932.89N/AN/A3,3408,30284,768203,217
2019-01-10$34.45$35.0018.1%5.4%20.6%42.8%20.4%4.4%0.6%-23.4M170.8M-864.8K2.6825.25N/AN/A2,7817,45086,030205,148
2019-01-11$34.16$35.0017.4%5.0%19.5%39.0%21.9%4.3%0.2%-28.1M196.7M-830.3K6.8632.22N/AN/A1,85512,72786,636205,549
2019-01-14$34.05$35.0017.8%5.1%19.5%41.2%20.4%4.7%-0.2%-30.0M201.9M-806.4K4.1613.52N/AN/A5,01520,83886,859203,478
2019-01-15$34.06$35.0017.5%5.0%18.7%38.4%20.4%4.5%-0.6%-33.5M202.8M-802.8K0.9117.24N/AN/A12,83411,71491,863208,974
2019-01-16$34.05$34.0016.5%4.7%18.2%33.5%17.5%4.6%-0.6%-34.9M182.0M-857.7K6.2819.42N/AN/A8,46953,201104,098209,923
2019-01-17$34.06$34.0015.4%4.4%18.1%27.6%16.6%3.8%0.1%-31.0M158.2M-922.6K11.0830.40N/AN/A2,86231,719111,294211,365
2019-01-18$34.66$34.0013.9%3.9%18.7%19.4%15.5%3.4%0.7%-8.4M69.9M-882.5K1.0520.05N/AN/A6,7747,103111,183211,459
2019-01-22$34.17$34.0016.1%4.9%19.5%31.3%17.3%4.5%0.2%-10.7M107.0M-858.5K0.6330.66N/AN/A6,9134,32655,018150,438
2019-01-23$34.41$34.0015.5%4.6%18.3%28.2%17.3%4.2%0.1%-10.7M82.0M-921.9K0.0911.38N/AN/A13,1371,14561,756154,753
2019-01-24$34.41$34.0014.8%4.4%16.9%24.5%17.2%3.8%-0.1%-8.8M70.3M-936.0K1.2319.70N/AN/A2,9353,59771,452155,352
2019-01-25$35.02$34.0014.0%4.1%16.4%20.2%18.9%3.4%0.3%-7.8M18.8M-921.4K2.9143.24N/AN/A1,9005,52470,182157,926
2019-01-28$34.91$34.0014.7%4.4%16.5%23.6%16.4%4.0%0.0%-8.5M48.9M-900.9K7.0710.82N/AN/A1801,27364,035140,142
2019-01-29$35.06$34.0014.9%4.4%16.4%24.8%15.5%3.4%0.2%-7.9M33.9M-890.2K8.3813.27N/AN/A2872,40664,137141,343
2019-01-30$35.39$34.0013.9%4.0%16.6%19.3%14.8%3.1%0.4%-6.3M2.5M-856.2K2.7041.58N/AN/A1,5934,30164,186141,505
2019-01-31$35.22$35.0014.8%4.5%16.3%24.2%17.5%3.2%0.3%-7.4M15.5M-864.2K15.2114.22N/AN/A1,64224,97565,422142,639