FEZ Options History — July 2023

In July 2023, FEZ traded between $44.03 and $47.25. ATM implied volatility averaged 16.2%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 4.2% (HV 20d: 20.3%). Max pain ranged from $45.00 to $46.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 20.19.

Notable Days

  • 2023-07-06: Highest Volume — 5,353 contracts
  • 2023-07-06: Largest IV spike — 13.5% change
  • 2023-07-06: Highest IV Rank — 22.8%
  • 2023-07-06: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.16$44.03$47.25$45.95$47.03
Max Pain$45.63$45.00$46.00$45.00$46.00
ATM IV16.2%14.6%18.6%14.6%16.0%
Expected Move4.6%3.9%5.3%3.9%4.6%
HV 20d20.3%17.7%23.1%17.7%18.6%
HV 60d17.3%15.6%17.9%15.6%17.4%
IV Rank13.5%7.3%22.8%7.3%12.9%
IV Percentile8.3%3.6%17.1%3.6%10.3%
Term Structure0.2%-1.0%0.9%0.3%0.0%
VWIV17.9%14.8%20.5%14.8%15.3%
Skew 25d4.7%3.7%6.9%4.4%4.2%
Skew 10d10.0%5.9%14.1%11.1%5.9%
Call IV 25d14.1%12.8%15.4%12.8%14.2%
Put IV 25d18.8%16.9%22.3%17.2%18.4%
Bid-Ask Spread %62.5722.5377.5964.7373.18
Gamma HHI0.270.170.470.340.17
Net GEX-4.5M-12.4M-931.1K-5.1M-1.2M
Net DEX-40.2M-67.6M29.9M-35.9M-67.6M
Net VEX-554.9K-732.2K-449.7K-590.0K-449.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.190.15166.283.210.15
Total Volume1,179.551015,353101700
Total OI134,998.1115,356148,026137,325116,287

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$45.95$45.0014.6%3.9%17.7%7.3%14.8%4.4%0.3%-5.1M-35.9M-590.0K3.2164.73N/AN/A247727,305110,020
2023-07-05$45.11$45.5016.4%4.5%18.6%14.2%19.0%5.3%0.1%-8.2M-12.4M-657.3K9.7075.85N/AN/A1171,13527,322110,151
2023-07-06$44.03$45.0018.6%5.3%20.6%22.8%20.4%6.9%-0.0%-12.4M29.9M-732.2K166.2877.51N/AN/A325,32127,354110,979
2023-07-07$44.45$45.0016.9%5.2%20.9%16.1%17.5%5.3%0.4%-11.0M8.2M-679.3K2.3554.55N/AN/A24357227,380113,470
2023-07-10$44.78$45.0016.7%4.8%20.6%15.5%20.5%6.0%0.1%-9.8M1.1M-668.6K12.9377.59N/AN/A1672,15927,459113,283
2023-07-11$45.23$45.0017.3%5.0%20.8%17.5%17.8%5.6%0.2%-7.5M-17.6M-609.9K13.5864.34N/AN/A6081527,482114,364
2023-07-12$46.41$45.0015.6%4.7%22.4%11.3%16.7%4.3%0.8%-3.5M-47.2M-537.4K1.4254.92N/AN/A1,1611,65427,480114,827
2023-07-13$47.25$45.0015.9%4.6%23.1%12.4%18.7%4.3%-0.1%-2.1M-66.3M-486.1K3.3848.84N/AN/A3261,10228,504116,438
2023-07-14$47.09$46.0015.7%4.5%23.1%11.6%17.8%4.1%0.3%-2.2M-63.1M-493.0K10.9852.72N/AN/A1041,14228,710116,799
2023-07-17$46.97$46.0016.0%4.6%22.7%12.8%18.0%4.6%-0.1%-2.4M-58.3M-513.6K8.7474.43N/AN/A11499628,757117,629
2023-07-18$47.03$46.0016.3%4.7%22.7%14.1%17.0%4.3%-0.1%-2.2M-60.9M-503.4K2.2822.53N/AN/A18442028,753117,651
2023-07-19$46.70$46.0015.9%4.6%19.9%12.6%20.5%4.6%0.6%-2.8M-53.3M-537.9K14.0063.92N/AN/A4258828,852117,775
2023-07-20$46.36$46.0016.6%4.8%20.1%15.4%18.3%3.8%-1.0%-3.2M-49.8M-536.6K137.0057.02N/AN/A81,09628,858118,160
2023-07-21$46.67$46.0015.0%4.2%20.0%9.1%15.3%4.1%0.9%-2.7M-53.7M-536.8K1.6961.05N/AN/A20133928,858119,168
2023-07-24$46.39$46.0016.4%4.7%19.3%14.6%18.4%4.5%0.4%-3.0M-51.5M-519.4K2.6173.92N/AN/A19149828,33187,025
2023-07-25$46.27$46.0016.3%4.6%19.3%14.2%18.8%4.3%0.1%-3.3M-47.2M-528.9K10.6067.52N/AN/A2021228,50487,483
2023-07-26$46.17$46.0016.2%4.7%18.7%13.7%20.3%4.5%0.3%-3.6M-45.1M-528.3K0.8074.70N/AN/A877028,51987,581
2023-07-27$46.28$46.0015.9%4.5%18.7%12.6%17.0%4.6%0.1%-3.3M-48.4M-514.4K0.9157.26N/AN/A36233128,52287,612
2023-07-28$47.03$46.0014.8%4.3%19.4%8.4%15.5%3.7%0.3%-931.1K-65.0M-474.3K1.2654.75N/AN/A40851328,69787,613
2023-07-31$47.03$46.0016.0%4.6%18.6%12.9%15.3%4.2%0.0%-1.2M-67.6M-449.7K0.1573.18N/AN/A6089228,65387,634