FEZ Options History — January 2021

In January 2021, FEZ traded between $40.81 and $43.14. ATM implied volatility averaged 20.2%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.0% (HV 20d: 16.3%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 19.21.

Notable Days

  • 2021-01-19: Highest Volume — 7,519 contracts
  • 2021-01-27: Largest IV spike — 25.3% change
  • 2021-01-29: Highest IV Rank — 19.5%
  • 2021-01-27: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.30$40.81$43.14$42.06$40.81
Max Pain$39.24$38.00$41.00$38.00$41.00
ATM IV20.2%17.4%24.9%22.2%24.9%
Expected Move5.7%5.0%7.1%6.3%7.1%
HV 20d16.3%14.3%20.3%15.5%20.3%
HV 60d22.3%19.6%23.3%23.2%21.0%
IV Rank13.6%9.4%19.5%16.7%19.5%
IV Percentile21.3%9.5%48.8%32.5%48.8%
Term Structure-0.1%-1.3%1.0%-0.3%0.5%
VWIV22.4%16.4%31.7%23.2%31.3%
Skew 25d7.8%6.0%10.7%8.4%10.7%
Skew 10d19.3%14.5%27.5%22.2%27.5%
Call IV 25d17.3%15.4%20.8%19.1%20.8%
Put IV 25d25.0%21.5%31.5%27.5%31.5%
Bid-Ask Spread %29.4417.0839.4722.2027.26
Gamma HHI0.250.140.600.180.18
Net GEX1.2M-4.2M7.0M-950.4K-2.5M
Net DEX-6.7M-35.5M35.8M-9.0M35.5M
Net VEX-488.3K-538.0K-451.6K-482.8K-538.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.210.03173.401.963.84
Total Volume3,088.1581537,5197362,349
Total OI82,069.68453,860105,799104,30566,150

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$42.06$38.0022.2%6.3%15.5%16.7%23.2%8.4%-0.3%-950.4K-9.0M-482.8K1.9622.20N/AN/A24948726,43077,875
2021-01-05$42.35$38.0021.2%6.3%15.4%15.3%31.7%8.5%0.1%-20.0K-14.0M-482.8K18.9525.86N/AN/A1422,69126,52778,097
2021-01-06$42.94$39.0020.3%5.7%16.0%14.1%23.5%8.2%-0.0%3.2M-31.2M-455.6K0.0919.55N/AN/A1,48914026,51978,291
2021-01-07$43.02$39.0019.4%5.5%15.9%12.9%17.8%7.0%0.4%4.7M-35.2M-451.6K0.0429.38N/AN/A5,34723727,51678,283
2021-01-08$43.14$39.0018.9%5.5%15.8%12.2%18.7%6.7%0.0%4.9M-35.5M-457.2K0.0333.62N/AN/A7,20321626,91778,317
2021-01-11$42.58$39.0020.3%5.4%16.7%14.1%21.1%7.3%-1.3%3.8M-26.1M-484.2K0.2129.43N/AN/A1,90940227,97869,053
2021-01-12$42.58$39.0019.9%5.4%16.0%13.6%22.1%7.1%-1.1%3.6M-24.2M-481.4K1.3532.79N/AN/A24633227,53769,448
2021-01-13$42.53$39.0019.3%5.2%16.0%12.7%19.7%6.6%-1.3%3.7M-22.7M-476.2K0.2234.27N/AN/A2164727,32669,758
2021-01-14$42.80$39.0017.7%5.0%15.5%10.7%16.4%6.8%-0.0%5.6M-26.8M-472.2K0.4031.38N/AN/A33013127,42369,750
2021-01-15$41.98$39.0019.8%5.7%17.0%13.5%23.0%8.1%-0.4%7.0M-13.5M-465.8K0.0627.85N/AN/A7,04141527,61969,852
2021-01-19$42.28$39.0018.4%5.3%16.9%11.6%18.3%7.4%0.0%881.0K-3.1M-471.8K33.9732.81N/AN/A2157,30419,48334,377
2021-01-20$42.55$39.0017.4%5.0%16.9%9.4%21.6%6.0%1.0%752.8K-1.3M-500.9K0.6717.08N/AN/A1429519,62338,471
2021-01-21$42.65$39.0017.8%5.1%14.3%9.8%18.1%6.1%0.5%957.9K-2.2M-501.5K3.6427.90N/AN/A3312019,68438,511
2021-01-22$42.41$39.5018.1%5.2%14.5%10.3%18.6%6.5%0.1%576.5K558.9K-499.3K26.7530.19N/AN/A2456,55419,69938,614
2021-01-25$41.85$40.0020.5%5.8%14.5%13.5%27.8%8.7%-0.1%-4.2M22.6M-522.2K1.0328.85N/AN/A29730619,55044,898
2021-01-26$42.34$40.0019.5%5.6%15.1%12.1%20.1%8.0%-0.1%-4.1M11.5M-511.3K0.0730.51N/AN/A2601919,76645,142
2021-01-27$41.16$40.0024.4%7.1%17.9%18.8%27.1%9.2%0.4%-3.7M35.8M-520.7K98.3039.02N/AN/A545,30819,62345,158
2021-01-28$41.75$40.0023.8%6.9%18.7%18.1%25.0%10.0%0.4%-1.5M12.4M-501.8K173.4039.47N/AN/A356,06919,63040,429
2021-01-29$40.81$41.0024.9%7.1%20.3%19.5%31.3%10.7%0.5%-2.5M35.5M-538.0K3.8427.26N/AN/A4851,86419,64646,504