FEZ Options History — April 2023

In April 2023, FEZ traded between $44.94 and $46.64. ATM implied volatility averaged 19.5%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.6% (HV 20d: 16.9%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 15.46.

Notable Days

  • 2023-04-03: Highest Volume — 19,400 contracts
  • 2023-04-25: Largest IV spike — 10.7% change
  • 2023-04-04: Highest IV Rank — 15.6%
  • 2023-04-10: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.85$44.94$46.64$45.13$46.28
Max Pain$44.63$43.00$45.00$43.00$45.00
ATM IV19.5%17.3%21.3%20.6%17.3%
Expected Move5.6%5.0%6.1%5.7%5.0%
HV 20d16.9%11.6%24.4%24.4%12.2%
HV 60d18.6%18.3%19.5%19.5%18.6%
IV Rank7.2%0.0%15.6%12.2%0.0%
IV Percentile4.4%0.0%12.3%5.6%0.0%
Term Structure0.0%-0.8%0.9%0.3%-0.1%
VWIV22.9%17.7%27.6%25.3%20.7%
Skew 25d6.4%5.6%7.6%6.4%5.8%
Skew 10d13.2%11.1%14.9%12.7%13.7%
Call IV 25d16.6%15.0%18.4%17.7%15.0%
Put IV 25d23.1%20.8%25.3%24.1%20.8%
Bid-Ask Spread %49.3326.5874.2363.2065.73
Gamma HHI0.100.070.120.120.12
Net GEX-3.9M-8.0M-1.4M-6.4M-4.2M
Net DEX-76.3M-123.3M-18.8M-60.8M-41.4M
Net VEX-866.3K-1.0M-759.3K-961.0K-850.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.461.0767.3167.316.54
Total Volume5,736.6321,17019,40019,4002,971
Total OI277,878.053176,290337,213298,060178,832

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$45.13$43.0020.6%5.7%24.4%12.2%25.3%6.4%0.3%-6.4M-60.8M-961.0K67.3163.20N/AN/A28419,11648,116249,944
2023-04-04$45.16$43.0021.3%5.8%23.2%15.6%20.6%6.1%0.1%-8.0M-55.0M-981.3K2.5557.16N/AN/A2,3786,07047,983251,031
2023-04-05$44.94$43.0021.2%5.7%23.3%15.3%22.9%6.8%0.1%-6.9M-54.9M-978.9K40.1665.54N/AN/A883,53449,752254,755
2023-04-06$45.20$44.0020.9%6.0%22.9%13.9%22.6%6.2%-0.1%-7.0M-57.7M-1.0M8.4934.53N/AN/A5604,75649,711257,841
2023-04-10$45.16$45.0021.2%6.1%22.6%15.2%27.0%7.1%-0.1%-4.9M-67.9M-915.4K1.5660.57N/AN/A1,3612,12549,529259,899
2023-04-11$45.36$45.0019.8%6.0%22.1%8.6%24.1%7.0%0.9%-2.7M-86.9M-854.4K6.3036.93N/AN/A4472,81549,460261,284
2023-04-12$45.72$45.0020.4%5.6%21.8%11.3%24.4%6.4%-0.8%-2.5M-95.8M-848.7K30.2074.23N/AN/A1524,59049,635263,580
2023-04-13$46.36$45.0018.8%5.6%16.0%3.7%22.2%6.2%0.8%-1.4M-123.3M-766.4K5.7228.26N/AN/A2621,49849,621266,896
2023-04-14$46.30$45.0018.4%5.4%15.0%1.8%20.5%5.6%0.7%-2.6M-115.0M-803.4K1.0743.44N/AN/A56660449,746267,946
2023-04-17$45.83$45.0018.3%5.2%14.5%1.2%22.6%6.3%0.0%-1.9M-109.7M-771.2K1.2026.58N/AN/A2,9263,51149,080267,318
2023-04-18$46.25$45.0018.7%5.3%14.0%3.0%20.5%6.2%0.0%-1.8M-120.0M-759.3K36.5029.93N/AN/A1575,73149,694268,651
2023-04-19$46.20$45.0018.8%5.4%12.5%3.7%18.6%6.4%-0.4%-2.5M-108.8M-786.2K2.8467.01N/AN/A9732,76849,769271,630
2023-04-20$46.02$45.0018.7%5.4%12.7%3.1%23.1%6.1%0.0%-2.3M-104.1M-818.8K22.2239.16N/AN/A67915,08650,815272,720
2023-04-21$46.45$45.0018.3%5.3%12.7%1.2%17.7%6.0%-0.8%-2.3M-115.2M-827.8K1.8270.94N/AN/A1,3902,52851,119286,094
2023-04-24$46.64$45.0018.1%5.2%11.6%0.4%27.6%6.4%-0.0%-2.7M-45.2M-855.0K19.7939.05N/AN/A4188,27437,796139,070
2023-04-25$45.86$45.0020.1%5.9%13.6%9.9%24.8%7.2%-0.1%-5.3M-18.8M-909.9K3.1345.74N/AN/A1,7065,34238,141138,149
2023-04-26$45.88$45.0020.8%6.0%13.7%13.5%25.1%7.6%-0.0%-5.5M-23.4M-918.2K2.4646.97N/AN/A4391,08038,379138,378
2023-04-27$46.50$45.0018.9%5.5%12.9%3.9%24.3%6.5%-0.5%-3.4M-45.7M-848.5K33.8342.26N/AN/A521,75938,449138,870
2023-04-28$46.28$45.0017.3%5.0%12.2%0.0%20.7%5.8%-0.1%-4.2M-41.4M-850.1K6.5465.73N/AN/A3942,57738,453140,379