FEZ Options History — March 2019

In March 2019, FEZ traded between $35.92 and $37.49. ATM implied volatility averaged 14.2%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 2.1% (HV 20d: 12.0%). Max pain ranged from $36.00 to $36.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 7.44.

Notable Days

  • 2019-03-15: Highest Volume — 41,409 contracts
  • 2019-03-22: Largest IV spike — 22.8% change
  • 2019-03-25: Highest IV Rank — 51.6%
  • 2019-03-22: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.62$35.92$37.49$36.68$36.56
Max Pain$36.00$36.00$36.00$36.00$36.00
ATM IV14.2%12.6%17.6%12.6%15.3%
Expected Move4.2%3.4%4.9%3.4%4.2%
HV 20d12.0%9.6%14.8%11.9%14.5%
HV 60d15.0%14.1%16.4%16.4%14.3%
IV Rank27.5%16.2%51.6%16.2%35.2%
IV Percentile35.1%15.1%73.4%15.1%51.6%
Term Structure0.0%-1.0%0.9%0.6%0.2%
VWIV15.7%12.0%19.9%12.0%17.8%
Skew 25d4.0%2.7%6.5%3.0%4.8%
Skew 10d9.0%5.7%13.2%7.1%11.1%
Call IV 25d12.6%11.0%14.6%11.0%13.0%
Put IV 25d16.6%14.0%21.1%14.0%17.8%
Bid-Ask Spread %21.379.3235.5918.1229.92
Gamma HHI0.260.120.470.340.38
Net GEX-2.2M-14.5M10.7M4.3M-14.5M
Net DEX12.3M-59.3M77.2M-59.3M33.1M
Net VEX-972.6K-1.1M-904.9K-946.4K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.440.1480.384.153.35
Total Volume12,769.4291,26141,40916,03716,765
Total OI216,943.667145,749292,451234,156188,083

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$36.68$36.0012.6%3.4%11.9%16.2%12.0%3.0%0.6%4.3M-59.3M-946.4K4.1518.12N/AN/A3,11512,92281,416152,740
2019-03-04$36.55$36.0013.1%3.8%12.1%20.0%14.4%3.4%0.4%2.6M-24.6M-945.1K12.5818.69N/AN/A1281,61081,362158,648
2019-03-05$36.61$36.0012.8%3.8%12.0%17.8%14.5%3.4%0.0%5.5M-40.7M-913.1K4.0835.45N/AN/A6902,81681,403159,871
2019-03-06$36.53$36.0012.9%3.8%11.6%18.6%14.5%2.7%0.4%10.1M-27.1M-965.5K14.2215.70N/AN/A5447,73881,460166,465
2019-03-07$35.92$36.0013.9%4.1%13.1%25.4%13.2%3.3%0.2%-4.6M77.2M-993.1K0.9616.80N/AN/A8,1067,762101,515167,147
2019-03-08$35.97$36.0014.1%4.0%11.4%26.8%12.1%4.1%0.5%-4.5M75.9M-988.0K3.2120.58N/AN/A9,73531,204109,387167,101
2019-03-11$36.23$36.0013.9%4.3%11.2%25.5%18.0%3.9%0.5%788.9K42.6M-1.0M80.3822.60N/AN/A322,57293,607183,014
2019-03-12$36.30$36.0013.5%4.3%11.1%23.0%19.9%3.8%0.9%5.0M44.7M-962.4K1.4418.83N/AN/A64893493,595190,630
2019-03-13$36.66$36.0013.0%3.8%10.5%19.1%17.5%3.3%-0.7%10.7M-28.4M-950.6K8.8922.42N/AN/A1,0679,48494,176191,520
2019-03-14$36.75$36.0013.4%3.9%10.4%22.0%16.4%3.3%-1.0%-909.7K-45.5M-977.6K0.1533.85N/AN/A20,0593,02894,577197,874
2019-03-15$37.16$36.0013.0%3.8%10.8%19.1%16.8%3.0%0.1%-10.1M-48.4M-905.6K0.1423.84N/AN/A36,2885,12159,807198,733
2019-03-18$37.34$36.0012.6%4.0%9.7%16.8%15.4%3.1%0.1%-2.7M-1.4M-921.5K5.1811.82N/AN/A2041,05747,90597,844
2019-03-19$37.40$36.0012.8%4.1%9.7%18.3%13.1%2.8%-0.0%-2.5M-6.9M-904.9K1.7420.51N/AN/A1,7092,97248,03798,810
2019-03-20$37.49$36.0013.1%4.1%9.6%20.1%13.6%2.7%-0.1%-2.3M-9.7M-918.3K1.7035.59N/AN/A2,7844,73049,500100,710
2019-03-21$37.27$36.0014.4%4.3%9.9%28.7%16.7%5.1%-0.8%-2.7M5.2M-978.8K2.9531.81N/AN/A5,02814,82951,750102,656
2019-03-22$36.19$36.0017.6%4.9%14.8%51.5%18.9%6.5%-0.6%-6.9M64.0M-1.0M2.6817.09N/AN/A5,68215,20154,005111,890
2019-03-25$36.24$36.0017.6%4.9%14.8%51.6%16.9%5.7%-0.3%-7.3M58.1M-992.5K2.9716.07N/AN/A2,0546,10054,608113,482
2019-03-26$36.32$36.0016.0%4.8%14.6%39.8%15.5%5.1%-0.0%-7.9M53.8M-1.0M2.299.32N/AN/A1,8614,26556,223119,062
2019-03-27$36.47$36.0016.1%4.7%14.6%40.8%15.4%5.2%0.0%-8.3M42.2M-1.0M1.6515.13N/AN/A2,8194,65656,922119,621
2019-03-28$36.34$36.0016.1%4.8%14.5%40.7%16.0%5.4%-0.2%-9.1M52.6M-1.0M1.5814.53N/AN/A3,8206,01958,704119,957
2019-03-29$36.56$36.0015.3%4.2%14.5%35.2%17.8%4.8%0.2%-14.5M33.1M-1.1M3.3529.92N/AN/A3,85012,91561,500126,583