FEZ Options History — April 2021

In April 2021, FEZ traded between $45.09 and $47.31. ATM implied volatility averaged 14.3%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.7% (HV 20d: 13.5%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-04-13: Highest Volume — 16,231 contracts
  • 2021-04-20: Largest IV spike — 18.0% change
  • 2021-04-30: Highest IV Rank — 14.2%
  • 2021-04-20: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.40$45.09$47.31$45.09$46.34
Max Pain$41.00$40.00$42.00$42.00$42.00
ATM IV14.3%12.9%16.5%13.9%16.3%
Expected Move4.1%3.7%4.7%3.7%4.7%
HV 20d13.5%11.7%15.4%11.7%15.4%
HV 60d14.9%12.6%15.9%15.4%13.3%
IV Rank5.0%0.0%14.2%0.0%14.2%
IV Percentile3.5%0.0%11.9%0.0%11.9%
Term Structure0.3%-0.2%1.2%0.4%0.0%
VWIV15.7%12.4%19.7%17.2%16.0%
Skew 25d5.0%3.7%6.2%4.7%6.2%
Skew 10d14.1%9.7%19.2%9.7%16.7%
Call IV 25d12.6%10.7%14.5%12.4%14.5%
Put IV 25d17.6%15.6%20.7%17.1%20.7%
Bid-Ask Spread %45.3319.5984.9135.7674.05
Gamma HHI0.270.170.380.260.24
Net GEX5.2M634.5K10.3M5.8M3.5M
Net DEX-48.5M-79.0M-23.5M-57.2M-38.6M
Net VEX-313.4K-339.8K-279.6K-309.1K-334.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.011.800.420.08
Total Volume3,050.90522416,2316303,227
Total OI66,694.76257,24872,98766,40168,883

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$45.09$42.0013.9%3.7%11.7%0.0%17.2%4.7%0.4%5.8M-57.2M-309.1K0.4235.76N/AN/A44418621,28145,120
2021-04-05$46.08$40.0013.0%3.9%13.4%0.0%15.8%4.4%0.0%849.0K-27.0M-306.4K0.3433.23N/AN/A29810212,72844,520
2021-04-06$45.56$40.0014.1%4.1%14.4%3.5%15.1%4.1%0.4%634.5K-23.5M-314.4K0.4125.09N/AN/A1,40157212,90744,615
2021-04-07$45.60$40.0014.1%4.0%13.8%3.8%15.9%3.7%0.3%920.6K-25.1M-327.6K0.6922.98N/AN/A15610814,22345,157
2021-04-08$45.91$40.0013.3%4.0%13.7%1.2%17.7%5.0%0.3%1.3M-29.2M-316.1K0.6833.29N/AN/A20013514,34145,212
2021-04-09$45.97$40.0012.9%4.0%13.3%0.0%16.0%3.9%0.4%1.4M-30.5M-300.3K0.0246.30N/AN/A5,45810914,41445,322
2021-04-12$45.78$40.0014.0%4.0%13.5%3.7%15.2%4.3%0.1%4.4M-32.7M-339.8K0.0119.59N/AN/A7,7487519,56445,317
2021-04-13$46.07$40.0013.7%4.0%13.3%2.8%15.9%4.6%0.2%9.8M-56.6M-327.0K0.8926.82N/AN/A8,5817,65026,72045,355
2021-04-14$46.08$40.0013.7%4.0%13.4%2.8%14.3%4.1%0.4%10.1M-55.7M-334.7K0.9025.78N/AN/A29126326,90646,081
2021-04-15$46.41$40.0013.1%4.1%13.2%0.7%17.3%4.6%1.2%10.3M-65.6M-321.7K0.1350.94N/AN/A6588726,77546,211
2021-04-16$47.03$40.0012.9%3.8%12.7%0.0%13.3%5.1%0.3%7.5M-79.0M-320.1K0.1469.21N/AN/A7,5891,03926,49446,247
2021-04-19$46.92$41.0014.0%4.1%12.8%3.7%16.0%4.7%0.3%8.2M-67.7M-279.6K0.0938.84N/AN/A2,97028124,88345,672
2021-04-20$46.16$42.0016.5%4.7%14.5%12.4%16.1%5.9%0.2%5.7M-40.7M-311.1K0.2543.53N/AN/A3127922,38845,876
2021-04-21$46.68$42.0014.9%4.3%13.6%7.2%14.2%5.7%0.7%7.4M-51.8M-326.8K1.1734.71N/AN/A35941922,55545,896
2021-04-22$46.70$42.0016.0%4.6%13.5%11.5%16.6%5.6%0.2%9.2M-54.0M-322.5K1.8067.10N/AN/A9316722,76445,999
2021-04-23$47.16$42.0014.3%4.0%13.7%5.5%12.4%5.3%0.7%3.6M-65.5M-305.4K0.0662.21N/AN/A2,65315022,79346,119
2021-04-26$47.17$42.0015.0%4.3%13.6%8.8%19.7%5.8%0.3%4.1M-52.2M-289.6K0.0878.84N/AN/A4293620,78346,094
2021-04-27$47.16$42.0014.8%4.1%13.7%7.8%13.3%6.1%0.2%4.6M-51.1M-306.0K0.0233.41N/AN/A1,4202221,11646,090
2021-04-28$47.31$42.0014.2%3.9%13.7%5.5%16.5%6.1%-0.2%4.9M-57.5M-295.6K0.1884.91N/AN/A1903422,42646,111
2021-04-29$47.25$42.0015.2%4.2%13.7%9.9%14.7%6.0%0.1%5.5M-57.9M-292.4K0.0245.30N/AN/A7,95212622,49246,140
2021-04-30$46.34$42.0016.3%4.7%15.4%14.2%16.0%6.2%0.0%3.5M-38.6M-334.4K0.0874.05N/AN/A2,99123622,62446,259