FEZ Options History — November 2023

In November 2023, FEZ traded between $41.47 and $45.89. ATM implied volatility averaged 15.2%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 1.4% (HV 20d: 16.6%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 2.65.

Notable Days

  • 2023-11-14: Highest Volume — 21,919 contracts
  • 2023-11-24: Largest IV drop — 8.3% change
  • 2023-11-01: Highest IV Rank — 24.8%
  • 2023-11-02: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.21$41.47$45.89$41.47$45.70
Max Pain$41.62$40.00$43.00$43.00$43.00
ATM IV15.2%13.2%17.8%17.8%14.1%
Expected Move4.4%3.7%5.3%5.2%4.3%
HV 20d16.6%14.7%19.3%17.4%15.1%
HV 60d16.5%15.7%17.2%15.7%16.3%
IV Rank12.3%2.6%24.8%24.8%6.9%
IV Percentile8.9%1.2%25.8%25.8%4.0%
Term Structure0.2%-0.7%1.5%0.2%0.0%
VWIV16.2%12.5%19.3%19.1%15.2%
Skew 25d3.6%2.4%4.8%4.8%3.0%
Skew 10d7.4%5.7%9.0%9.0%6.3%
Call IV 25d13.7%12.3%15.7%15.7%12.9%
Put IV 25d17.3%14.8%20.5%20.5%15.9%
Bid-Ask Spread %31.374.6581.7262.9818.20
Gamma HHI0.330.170.750.220.33
Net GEX3.7M-2.1M26.3M573.0K2.4M
Net DEX-92.4M-141.9M280.6K280.6K-126.7M
Net VEX-406.3K-616.2K-245.3K-616.2K-286.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.650.0215.158.493.31
Total Volume4,069.85712821,919911621
Total OI123,910.09592,607154,734142,60295,195

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$41.47$43.0017.8%5.2%17.4%24.8%19.1%4.8%0.2%573.0K280.6K-616.2K8.4962.98N/AN/A9681559,03483,568
2023-11-02$42.47$40.0016.8%5.3%19.3%20.2%17.2%3.9%0.5%26.2M-68.8M-598.7K0.0234.70N/AN/A20,52732959,12283,576
2023-11-03$42.83$40.0016.6%5.0%18.7%19.2%19.0%4.0%0.4%-2.1M-47.5M-529.0K0.0265.07N/AN/A20,50433439,36083,674
2023-11-06$42.53$40.0016.9%4.8%18.4%20.5%16.5%3.9%-0.2%-361.9K-42.8M-539.8K2.7925.41N/AN/A12234059,76483,449
2023-11-07$42.45$40.0016.4%5.1%17.4%17.9%18.6%4.1%1.5%-227.1K-42.8M-544.1K2.9548.95N/AN/A11834859,87383,764
2023-11-08$42.80$41.0015.8%4.6%17.6%15.2%0.0%3.9%0.2%842.0K-53.6M-510.6K0.2135.52N/AN/A1062259,98683,959
2023-11-09$42.84$41.0016.0%4.7%16.9%16.2%17.0%3.5%0.4%877.9K-56.5M-500.3K15.1531.84N/AN/A68510,37860,08983,966
2023-11-10$43.20$41.0015.8%4.6%15.9%15.4%16.0%3.8%0.2%-880.0K-64.0M-491.9K3.9612.78N/AN/A15159860,46694,268
2023-11-13$43.36$41.0016.1%4.7%15.5%16.7%16.6%3.5%-0.1%647.6K-68.0M-468.5K2.6844.65N/AN/A30080560,52893,890
2023-11-14$44.67$42.0014.9%4.3%18.4%10.7%19.3%3.8%1.4%26.3M-141.9M-380.5K0.0526.85N/AN/A20,8331,08660,73793,365
2023-11-15$44.77$42.0015.0%4.3%16.6%11.5%18.0%3.5%0.2%2.7M-111.8M-367.2K0.9123.62N/AN/A39936441,04393,576
2023-11-16$44.75$42.0015.0%4.3%16.4%11.3%15.3%3.5%1.0%2.8M-113.4M-353.2K2.0920.51N/AN/A21043840,96393,834
2023-11-17$45.34$42.0014.6%4.2%16.1%9.1%14.3%3.0%-0.5%2.6M-124.5M-327.0K0.2326.60N/AN/A50011441,15294,119
2023-11-20$45.64$42.0014.3%4.1%16.1%7.8%16.9%3.9%-0.3%2.3M-122.8M-312.0K3.894.65N/AN/A18672437,50655,101
2023-11-21$45.28$42.0014.1%3.9%16.8%7.0%14.2%3.3%-0.1%2.4M-116.4M-321.5K1.1432.94N/AN/A708037,52255,695
2023-11-22$45.31$42.0014.4%3.8%16.3%8.4%12.5%3.6%-0.2%2.4M-119.3M-310.4K0.3437.75N/AN/A2448437,54255,745
2023-11-24$45.78$42.0013.2%3.7%15.9%2.6%14.2%2.4%-0.7%2.2M-132.7M-245.3K0.8781.72N/AN/A49042637,77855,776
2023-11-27$45.66$42.0013.8%4.0%15.1%5.6%13.9%2.9%0.0%2.3M-127.4M-271.4K0.444.85N/AN/A66029137,88555,854
2023-11-28$45.61$43.0013.8%4.0%14.7%5.6%14.6%3.3%0.3%2.4M-127.4M-285.4K1.509.84N/AN/A13520238,46556,128
2023-11-29$45.89$43.0014.0%4.1%14.7%6.4%14.3%3.0%0.0%2.4M-132.2M-272.6K4.559.30N/AN/A13260038,58056,215
2023-11-30$45.70$43.0014.1%4.3%15.1%6.9%15.2%3.0%0.0%2.4M-126.7M-286.1K3.3118.20N/AN/A14447738,67256,523