FEZ Options History — July 2021

In July 2021, FEZ traded between $44.78 and $47.38. ATM implied volatility averaged 15.1%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 2.0% (HV 20d: 17.1%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2021-07-23: Highest Volume — 10,413 contracts
  • 2021-07-19: Largest IV spike — 27.2% change
  • 2021-07-19: Highest IV Rank — 33.2%
  • 2021-07-19: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.55$44.78$47.38$46.88$47.00
Max Pain$46.05$45.00$48.00$48.00$46.00
ATM IV15.1%13.3%19.7%14.4%15.7%
Expected Move4.3%3.6%5.6%3.9%4.3%
HV 20d17.1%11.6%20.3%11.9%20.0%
HV 60d16.8%15.4%18.0%15.5%16.5%
IV Rank15.3%8.3%33.2%12.6%17.5%
IV Percentile18.5%5.2%52.4%11.5%26.2%
Term Structure0.3%-1.0%0.9%0.2%0.1%
VWIV15.4%11.8%19.7%14.7%16.7%
Skew 25d6.6%2.9%8.9%6.9%2.9%
Skew 10d17.2%13.2%22.6%14.7%17.3%
Call IV 25d13.0%11.0%17.7%12.5%17.7%
Put IV 25d19.7%17.5%25.7%19.3%20.6%
Bid-Ask Spread %33.5514.8976.2666.6119.11
Gamma HHI0.200.100.480.140.43
Net GEX2.5M-35.3K7.9M2.5M6.8M
Net DEX-16.9M-50.5M5.7M-14.5M-39.6M
Net VEX-347.8K-378.1K-313.1K-316.6K-358.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.013.110.133.11
Total Volume1,483.0487410,41374574
Total OI62,950.61953,99772,22053,99772,155

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$46.88$48.0014.4%3.9%11.9%12.6%14.7%6.9%0.2%2.5M-14.5M-316.6K0.1366.61N/AN/A6588723,29730,700
2021-07-02$46.97$48.0013.3%3.6%11.6%8.3%14.1%6.6%0.2%4.0M-12.0M-352.8K0.0320.93N/AN/A3,3579323,69230,777
2021-07-06$46.44$46.0014.8%4.6%11.8%13.9%16.1%6.7%0.4%1.8M-7.4M-336.9K0.7516.64N/AN/A66249926,61130,694
2021-07-07$46.73$46.0014.4%4.0%12.2%12.6%18.1%5.5%0.2%2.2M-11.5M-340.9K1.4674.20N/AN/A59186427,07431,169
2021-07-08$45.80$45.0015.9%4.6%13.8%18.3%19.7%7.2%0.1%1.0M-2.2M-361.5K0.8721.21N/AN/A72863627,58631,737
2021-07-09$46.85$45.0013.7%4.2%16.5%9.6%15.8%6.6%0.4%2.0M-14.5M-342.9K1.5526.63N/AN/A23536528,12632,320
2021-07-12$47.11$45.0014.3%4.1%16.7%12.1%14.9%6.0%0.2%2.7M-18.9M-332.0K0.7619.34N/AN/A1,29498927,96832,522
2021-07-13$46.73$46.0014.8%4.0%16.7%14.2%13.4%6.2%-1.0%1.7M-16.3M-313.2K0.2615.26N/AN/A1714429,00733,420
2021-07-14$47.00$46.0014.0%4.1%16.9%10.7%14.0%6.1%0.3%1.6M-17.5M-313.1K0.7315.01N/AN/A79057429,06633,455
2021-07-15$46.41$46.0014.9%4.5%17.2%14.6%15.8%6.6%0.9%722.3K-7.5M-352.9K1.7817.65N/AN/A55298429,81133,943
2021-07-16$46.00$46.0015.5%4.5%17.3%16.8%14.8%6.1%0.0%1.1M-3.9M-350.8K0.5816.92N/AN/A2,1661,25830,33434,399
2021-07-19$44.78$46.0019.7%5.6%18.2%33.2%18.9%8.9%0.3%-35.3K5.7M-372.6K0.2763.05N/AN/A45112228,80033,416
2021-07-20$45.38$46.0017.7%5.1%19.1%25.1%18.4%8.2%0.1%110.5K-1.7M-355.6K0.3514.89N/AN/A35312228,94633,437
2021-07-21$46.17$46.0016.5%4.7%20.3%20.6%17.7%7.8%0.2%757.8K-12.7M-361.9K0.0716.51N/AN/A4303129,34633,559
2021-07-22$46.36$46.0015.1%4.3%19.9%15.3%16.1%7.6%0.6%938.8K-16.2M-354.1K0.1016.57N/AN/A4074029,76833,577
2021-07-23$46.86$46.0013.5%3.8%19.8%8.8%12.2%5.8%0.7%1.3M-23.8M-352.6K0.0144.13N/AN/A10,3288529,95733,552
2021-07-26$46.92$46.0014.5%4.1%19.8%12.9%11.8%7.3%0.6%1.5M-23.4M-346.7K0.0517.97N/AN/A5362928,18233,377
2021-07-27$46.62$46.0016.1%4.7%19.8%19.2%15.2%7.6%0.9%5.0M-27.4M-375.8K0.1569.24N/AN/A1081638,35133,433
2021-07-28$47.07$46.0014.8%4.1%20.1%14.1%12.1%7.0%0.6%6.6M-39.4M-378.1K1.4776.26N/AN/A7210638,76833,452
2021-07-29$47.38$46.0013.9%3.8%19.8%10.5%13.5%6.0%0.0%7.9M-50.5M-333.9K1.4256.49N/AN/A9813938,71833,461
2021-07-30$47.00$46.0015.7%4.3%20.0%17.5%16.7%2.9%0.1%6.8M-39.6M-358.3K3.1119.11N/AN/A185638,69933,456