FEZ Options History — January 2024

In January 2024, FEZ traded between $45.77 and $48.34. ATM implied volatility averaged 14.9%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 0.3% (HV 20d: 14.5%). Max pain ranged from $40.00 to $46.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 45.07.

Notable Days

  • 2024-01-17: Highest Volume — 5,471 contracts
  • 2024-01-16: Largest IV spike — 12.0% change
  • 2024-01-17: Highest IV Rank — 16.5%
  • 2024-01-31: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.99$45.77$48.34$47.08$47.84
Max Pain$45.43$40.00$46.00$40.00$46.00
ATM IV14.9%13.9%16.1%15.2%15.3%
Expected Move4.3%4.0%4.6%4.3%4.6%
HV 20d14.5%12.2%16.2%12.2%15.5%
HV 60d14.4%13.7%15.2%15.2%13.7%
IV Rank10.6%5.7%16.5%12.1%12.8%
IV Percentile18.1%8.3%31.0%18.7%25.0%
Term Structure-0.1%-1.8%0.6%0.1%0.3%
VWIV15.7%13.1%17.5%16.2%15.8%
Skew 25d2.9%1.5%3.9%3.0%2.8%
Skew 10d5.7%3.7%7.3%5.7%4.7%
Call IV 25d13.7%12.7%14.9%14.0%14.3%
Put IV 25d16.5%15.2%18.9%17.0%17.1%
Bid-Ask Spread %55.1810.0097.9829.6497.98
Gamma HHI0.190.130.320.130.20
Net GEX-626.4K-1.9M687.4K-122.4K-250.9K
Net DEX-88.2M-150.2M5.9M-141.9M-4.4M
Net VEX-172.0K-212.8K-125.4K-169.2K-212.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio45.070.05716.333.8320.13
Total Volume1,387.2382045,471222676
Total OI75,960.85733,821103,20099,04838,422

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$47.08$40.0015.2%4.3%12.2%12.1%16.2%3.0%0.1%-122.4K-141.9M-169.2K3.8329.64N/AN/A4617636,88362,165
2024-01-03$46.47$40.0015.7%4.4%13.2%14.8%16.2%3.3%0.5%69.7K-133.6M-177.6K25.9364.44N/AN/A611,58236,90462,500
2024-01-04$46.72$46.0015.6%4.3%13.3%14.2%15.9%2.5%0.2%-215.4K-137.7M-176.9K716.3374.77N/AN/A32,14936,92563,094
2024-01-05$46.61$46.0015.0%4.3%13.3%11.2%17.5%3.5%0.4%-265.7K-137.6M-170.3K16.5851.28N/AN/A4879636,92462,641
2024-01-08$47.14$46.0014.4%4.2%13.7%8.6%16.4%3.3%0.0%-390.9K-147.5M-129.7K3.7886.34N/AN/A5119336,80362,461
2024-01-09$46.66$46.0015.2%4.1%14.0%12.5%14.0%3.1%-1.8%-685.1K-141.3M-161.7K2.3039.60N/AN/A29167036,82862,553
2024-01-10$46.94$46.0013.9%4.0%14.1%5.7%13.1%2.9%-0.2%-831.5K-143.9M-136.9K17.0811.26N/AN/A1220536,57063,159
2024-01-11$46.83$46.0014.0%4.0%14.1%6.2%14.8%2.3%0.0%-985.5K-141.8M-147.1K4.9551.85N/AN/A9748036,57163,287
2024-01-12$46.95$46.0013.9%4.0%13.3%5.9%15.8%2.7%0.1%-1.0M-144.0M-125.4K23.1895.38N/AN/A1062,45736,63063,632
2024-01-16$46.06$46.0015.6%4.5%14.6%14.1%15.7%3.2%-0.3%-1.4M-132.7M-158.6K5.4458.25N/AN/A2251,22536,58064,615
2024-01-17$45.77$46.0016.1%4.6%14.4%16.5%16.1%3.9%-0.2%-798.0K-129.1M-157.2K1.3189.08N/AN/A2,3643,10736,58264,704
2024-01-18$46.41$46.0015.9%4.6%15.4%15.9%14.9%3.6%-1.5%687.4K-146.3M-154.8K3.8993.10N/AN/A5421038,75364,281
2024-01-19$46.59$46.0014.4%4.1%15.1%8.2%17.4%3.7%0.6%-1.9M-150.2M-149.7K72.0789.30N/AN/A735,26138,76164,439
2024-01-22$46.61$46.0014.6%4.3%14.6%9.6%16.3%2.9%0.0%-1.6M5.4M-212.7K3.0930.01N/AN/A531644,87328,948
2024-01-23$46.45$46.0014.2%4.2%13.9%7.7%15.6%2.9%0.2%-1.7M5.9M-200.4K0.1534.26N/AN/A409614,91929,282
2024-01-24$47.47$46.0014.0%4.1%16.1%6.3%16.6%2.0%0.2%-1.2M-2.0M-180.8K0.6325.92N/AN/A8185195,10929,339
2024-01-25$47.61$46.0014.7%4.3%15.9%9.8%14.8%2.2%0.1%-920.3K-3.3M-189.3K0.0510.25N/AN/A1,778915,89829,524
2024-01-26$48.09$46.0014.6%4.3%16.2%9.5%15.4%1.5%0.2%7.5K-8.7M-194.8K1.0630.44N/AN/A1,0361,0947,63529,596
2024-01-29$48.22$46.0014.9%4.3%16.1%10.7%15.2%2.6%0.1%80.8K-8.2M-203.8K8.5785.54N/AN/A302577,67030,445
2024-01-30$48.34$46.0014.9%4.4%16.1%10.8%16.8%2.1%-0.3%111.2K-8.7M-202.4K16.0010.00N/AN/A121927,67930,594
2024-01-31$47.84$46.0015.3%4.6%15.5%12.8%15.8%2.8%0.3%-250.9K-4.4M-212.8K20.1397.98N/AN/A326447,68430,738