FEZ Options History — February 2022

In February 2022, FEZ traded between $41.66 and $46.25. ATM implied volatility averaged 24.9%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 5.0% (HV 20d: 19.9%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 9.27.

Notable Days

2022-02-07: Highest Volume — 40,932 contracts
2022-02-28: Largest IV spike — 27.2% change
2022-02-28: Highest IV Rank — 87.9%
2022-02-28: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.53	$41.66	$46.25	$45.86	$41.66
Max Pain	$45.21	$45.00	$47.00	$47.00	$45.00
ATM IV	24.9%	18.5%	37.8%	20.4%	37.8%
Expected Move	7.2%	5.3%	10.8%	5.9%	10.8%
HV 20d	19.9%	15.7%	27.8%	15.8%	27.8%
HV 60d	18.8%	17.3%	21.1%	17.4%	21.1%
IV Rank	45.4%	24.2%	87.9%	30.5%	87.9%
IV Percentile	91.6%	78.6%	99.6%	86.5%	99.6%
Term Structure	-0.4%	-5.8%	2.6%	-0.5%	-5.8%
VWIV	31.4%	20.9%	49.0%	33.2%	49.0%
Skew 25d	9.7%	-5.7%	15.8%	-5.7%	15.8%
Skew 10d	21.4%	5.7%	37.0%	5.7%	37.0%
Call IV 25d	21.8%	15.9%	32.9%	31.2%	32.9%
Put IV 25d	31.6%	23.8%	48.6%	25.5%	48.6%
Bid-Ask Spread %	77.36	46.04	103.70	101.37	73.30
Gamma HHI	0.47	0.33	0.70	0.37	0.33
Net GEX	-9.9M	-21.4M	-5.7M	-7.7M	-5.7M
Net DEX	106.6M	56.4M	161.9M	66.0M	150.9M
Net VEX	-602.0K	-671.5K	-511.6K	-671.5K	-511.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.27	1.89	35.10	6.94	1.89
Total Volume	19,668.158	7,442	40,932	17,290	8,768
Total OI	108,349.474	100,075	119,358	105,107	101,923

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$45.86	$47.00	20.4%	5.9%	15.8%	30.5%	33.2%	-5.7%	-0.5%	-7.7M	66.0M	-671.5K	6.94	101.37	N/A	N/A	2,178	15,112	32,962	72,145
2022-02-02	$46.01	$47.00	18.5%	5.3%	15.7%	24.2%	21.3%	9.4%	1.5%	-6.9M	62.6M	-668.8K	12.18	97.17	N/A	N/A	1,239	15,093	32,967	72,286
2022-02-03	$45.27	$45.00	22.9%	6.6%	16.6%	38.7%	31.5%	6.7%	2.5%	-7.9M	77.2M	-572.5K	12.39	103.70	N/A	N/A	1,218	15,092	32,966	72,297
2022-02-04	$45.28	$45.00	21.7%	6.3%	16.5%	34.7%	30.6%	10.8%	0.7%	-9.5M	91.3M	-590.5K	15.18	46.04	N/A	N/A	1,148	17,422	32,982	72,313
2022-02-07	$45.23	$45.00	21.2%	6.2%	16.4%	33.0%	22.1%	9.3%	0.5%	-9.2M	72.1M	-521.9K	35.10	87.15	N/A	N/A	1,134	39,798	32,989	70,416
2022-02-08	$45.42	$45.00	20.2%	6.0%	16.2%	29.7%	20.9%	10.2%	0.5%	-11.9M	90.4M	-633.3K	24.01	72.75	N/A	N/A	1,180	28,335	32,984	77,691
2022-02-09	$46.25	$45.00	18.7%	5.4%	17.2%	24.8%	25.4%	7.9%	0.6%	-9.3M	56.4M	-631.4K	6.95	81.75	N/A	N/A	2,310	16,055	33,079	77,679
2022-02-10	$45.68	$45.00	20.1%	5.8%	17.1%	29.5%	27.3%	9.6%	2.6%	-9.8M	78.8M	-639.3K	5.79	84.64	N/A	N/A	2,781	16,088	33,793	78,397
2022-02-11	$44.42	$45.00	25.4%	7.3%	19.3%	47.1%	30.1%	8.6%	-1.1%	-11.2M	122.2M	-651.5K	6.13	82.16	N/A	N/A	2,995	18,374	34,189	78,518
2022-02-14	$43.99	$45.00	26.0%	7.5%	19.5%	48.9%	31.4%	12.0%	-0.4%	-11.1M	141.9M	-639.6K	5.19	69.04	N/A	N/A	2,918	15,145	34,302	79,686
2022-02-15	$45.16	$45.00	22.9%	6.6%	21.4%	38.5%	27.5%	10.4%	0.1%	-14.3M	102.2M	-625.2K	4.88	71.25	N/A	N/A	3,103	15,139	34,309	79,783
2022-02-16	$45.46	$45.00	22.4%	6.4%	21.5%	37.1%	23.1%	8.9%	-0.3%	-15.9M	86.6M	-623.5K	8.15	71.66	N/A	N/A	3,119	25,419	34,482	79,755
2022-02-17	$44.70	$45.00	23.9%	6.8%	22.1%	41.9%	25.2%	11.2%	-0.1%	-21.4M	137.0M	-616.3K	8.05	73.14	N/A	N/A	3,157	25,419	34,500	84,818
2022-02-18	$44.41	$45.00	27.7%	7.9%	21.8%	54.6%	31.1%	11.1%	-2.1%	-8.4M	161.9M	-608.9K	4.99	67.72	N/A	N/A	3,062	15,286	34,545	84,813
2022-02-22	$43.31	$45.00	30.4%	8.7%	22.5%	63.6%	40.6%	11.7%	-2.9%	-7.2M	118.7M	-574.1K	5.75	73.23	N/A	N/A	2,543	14,610	30,590	69,485
2022-02-23	$42.79	$45.00	30.8%	8.8%	22.8%	64.8%	41.8%	11.6%	-2.0%	-6.9M	128.5M	-552.6K	6.25	67.12	N/A	N/A	2,535	15,846	31,140	69,660
2022-02-24	$42.04	$45.00	32.8%	9.4%	23.4%	71.4%	47.1%	14.0%	2.3%	-6.1M	148.4M	-525.6K	3.89	81.92	N/A	N/A	2,585	10,047	31,173	70,886
2022-02-25	$43.09	$45.00	29.7%	8.5%	25.4%	61.2%	37.5%	11.5%	-3.2%	-7.5M	131.4M	-578.9K	2.40	64.64	N/A	N/A	2,192	5,250	31,215	70,922
2022-02-28	$41.66	$45.00	37.8%	10.8%	27.8%	87.9%	49.0%	15.8%	-5.8%	-5.7M	150.9M	-511.6K	1.89	73.30	N/A	N/A	3,037	5,731	31,171	70,752