FEZ Options History — August 2023

In August 2023, FEZ traded between $43.64 and $46.33. ATM implied volatility averaged 18.4%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 1.9% (HV 20d: 16.5%). Max pain ranged from $44.50 to $46.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 215.31.

Notable Days

  • 2023-08-31: Highest Volume — 30,071 contracts
  • 2023-08-31: Largest IV drop — 21.3% change
  • 2023-08-21: Highest IV Rank — 28.5%
  • 2023-08-02: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.83$43.64$46.33$46.33$44.64
Max Pain$45.50$44.50$46.00$46.00$44.50
ATM IV18.4%15.6%20.0%16.2%15.6%
Expected Move5.2%4.6%5.7%4.7%4.6%
HV 20d16.5%14.3%20.1%19.5%15.6%
HV 60d18.1%17.6%18.7%17.6%17.9%
IV Rank22.4%11.4%28.5%13.7%11.4%
IV Percentile25.1%6.7%38.1%11.1%6.7%
Term Structure0.1%-1.8%2.8%-0.7%-0.2%
VWIV18.8%15.8%21.6%17.8%18.0%
Skew 25d5.5%2.9%12.0%3.6%4.5%
Skew 10d11.4%3.1%25.4%25.4%8.6%
Call IV 25d16.2%14.1%22.0%14.6%14.1%
Put IV 25d21.7%18.2%33.9%18.2%18.6%
Bid-Ask Spread %72.3260.55111.6888.5071.93
Gamma HHI0.310.200.780.200.30
Net GEX-8.3M-38.4M-2.7M-2.7M-4.7M
Net DEX-15.6M-52.8M35.8M-52.8M-23.5M
Net VEX-544.3K-606.0K-444.7K-482.6K-508.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio215.310.724294.869.244294.86
Total Volume3,633.21718630,0711,34230,071
Total OI110,523.65295,154129,509116,67996,546

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$46.33$46.0016.2%4.7%19.5%13.7%17.8%3.6%-0.7%-2.7M-52.8M-482.6K9.2488.50N/AN/A1311,21128,99287,687
2023-08-02$45.27$46.0018.8%5.7%20.1%24.0%20.8%2.9%-0.6%-6.1M-18.5M-558.9K13.2375.98N/AN/A4356928,97188,649
2023-08-03$45.08$46.0019.8%5.4%18.1%27.7%21.6%7.4%-1.1%-6.8M-15.4M-561.9K3.8672.69N/AN/A21683428,99388,792
2023-08-04$45.25$46.0019.1%5.4%17.8%25.1%18.9%5.3%-0.4%-6.0M-22.7M-544.7K62.9466.62N/AN/A171,07029,07588,287
2023-08-07$45.72$46.0017.9%5.0%18.0%20.4%17.7%5.1%-0.3%-4.5M-35.6M-533.1K2.5266.33N/AN/A22055428,91788,301
2023-08-08$45.22$46.0018.9%5.4%18.2%24.1%21.4%5.8%-0.2%-6.5M-23.1M-544.6K94.0461.89N/AN/A262,44529,12288,591
2023-08-09$45.45$46.0018.0%5.4%15.6%20.8%21.2%5.5%0.9%-5.6M-29.3M-532.2K44.6570.78N/AN/A231,02729,11588,339
2023-08-10$45.80$46.0017.4%5.0%14.3%18.6%19.8%6.0%-0.0%-4.2M-36.3M-524.2K1.4466.76N/AN/A7031,01129,13489,187
2023-08-11$45.30$46.0017.5%5.3%14.6%19.0%20.2%5.4%1.1%-6.5M-25.6M-537.5K19.6968.63N/AN/A3568929,77389,989
2023-08-14$45.25$46.0017.9%5.1%14.6%20.4%18.0%5.6%1.4%-6.1M-28.9M-514.7K5.3375.26N/AN/A4322929,73389,911
2023-08-15$44.55$46.0018.4%5.2%15.4%22.1%20.3%5.9%2.8%-10.4M-5.4M-553.5K2.7670.68N/AN/A12033129,73789,737
2023-08-16$44.39$46.0019.6%5.6%15.3%27.0%16.6%5.9%-0.4%-11.5M-450.8K-556.2K227.9075.56N/AN/A5011,39529,74789,614
2023-08-17$43.78$46.0019.4%5.5%15.7%26.1%19.3%6.1%0.6%-21.7M35.8M-606.0K5.5872.88N/AN/A3141,75229,74899,367
2023-08-18$43.95$45.0019.2%5.4%15.5%25.4%20.8%6.5%1.1%-38.4M21.2M-600.6K32.3869.01N/AN/A2538,19330,02499,485
2023-08-21$44.25$45.0020.0%5.6%15.9%28.5%16.2%4.6%-1.1%-6.4M-5.9M-568.1K0.7261.99N/AN/A26619126,23768,917
2023-08-22$44.08$45.0019.5%5.4%15.9%26.5%18.0%5.3%-0.7%-6.6M-1.9M-584.3K35.6560.55N/AN/A2382026,46269,055
2023-08-23$44.42$45.0018.5%5.2%16.3%22.8%21.3%5.6%0.2%-6.3M-11.1M-562.2K67.0467.90N/AN/A1177,84426,46769,745
2023-08-24$43.64$45.0019.7%5.4%17.1%27.3%16.2%5.2%-0.2%-7.7M9.3M-585.4K4.8267.67N/AN/A12962226,52669,350
2023-08-25$44.03$45.0018.1%5.1%16.2%21.3%18.1%4.5%0.2%-7.7M-3.0M-559.1K3.4671.91N/AN/A10134926,71669,945
2023-08-28$44.50$45.0017.2%5.0%16.9%17.7%18.0%5.1%1.3%-6.6M-14.9M-544.6K10.9873.54N/AN/A7267,96926,62870,138
2023-08-29$45.14$44.5017.2%4.7%17.3%17.4%15.8%3.1%0.1%-3.6M-32.0M-512.3K7.5074.52N/AN/A7657027,32468,565
2023-08-30$45.09$44.5019.8%4.7%15.3%27.9%16.9%12.0%-1.8%-3.4M-38.3M-444.7K1.55111.68N/AN/A7311327,37469,032
2023-08-31$44.64$44.5015.6%4.6%15.6%11.4%18.0%4.5%-0.2%-4.7M-23.5M-508.6K4294.8671.93N/AN/A730,06427,44669,100