FEZ Options History — July 2024

In July 2024, FEZ traded between $49.84 and $52.34. ATM implied volatility averaged 22.6%, placing in the 60.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.3% (HV 20d: 18.3%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 6.75.

Notable Days

  • 2024-07-30: Highest Volume — 8,126 contracts
  • 2024-07-12: Largest IV drop — 47.9% change
  • 2024-07-23: Highest IV Rank — 100.0%
  • 2024-07-24: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.80$49.84$52.34$50.53$50.41
Max Pain$51.70$50.00$52.00$50.00$51.50
ATM IV22.6%13.3%32.3%24.9%32.3%
Expected Move4.7%3.9%5.3%5.3%4.7%
HV 20d18.3%15.5%20.4%19.5%18.1%
HV 60d16.3%15.7%16.7%15.7%16.6%
IV Rank60.6%6.5%100.0%82.1%100.0%
IV Percentile79.1%7.1%100.0%98.4%100.0%
Term Structure-0.8%-12.5%16.4%-12.5%-10.4%
VWIV18.2%14.3%32.8%19.3%17.4%
Skew 25d2.5%-14.8%12.7%3.5%6.7%
Skew 10d5.3%-2.5%18.7%18.7%3.8%
Call IV 25d24.9%13.9%35.6%22.5%35.6%
Put IV 25d27.4%15.8%44.0%26.0%42.2%
Bid-Ask Spread %107.2586.31125.6686.31112.37
Gamma HHI0.240.150.390.220.22
Net GEX170.3K-15.9M10.0M-13.4M-762.4K
Net DEX-14.2M-80.6M28.5M21.4M2.4M
Net VEX-300.7K-416.6K-227.5K-416.6K-310.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.750.2569.541.965.18
Total Volume1,434.455958,1261,302235
Total OI74,053.63634,106116,013114,23443,009

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$50.53$50.0024.9%5.3%19.5%82.1%19.3%3.5%-12.5%-13.4M21.4M-416.6K1.9686.31N/AN/A44086227,07287,162
2024-07-02$50.36$50.0016.7%5.1%19.4%28.8%18.6%-1.0%-5.8%-15.9M28.5M-409.6K0.2587.53N/AN/A2536327,33787,723
2024-07-03$51.11$50.0015.6%4.8%20.3%21.3%20.4%7.8%2.2%394.5K-26.7M-341.5K6.6797.35N/AN/A6442727,59787,687
2024-07-05$51.58$52.0015.7%4.4%19.7%22.2%18.1%1.2%-0.7%3.4M-44.8M-313.1K1.7392.03N/AN/A1,5422,67027,58988,424
2024-07-08$51.28$52.0018.3%4.3%19.6%39.4%16.0%-3.6%-2.1%3.2M-35.0M-300.0K3.71100.72N/AN/A7527826,77562,737
2024-07-09$50.59$52.0022.2%4.2%19.6%64.5%19.1%12.7%-6.9%-1.9M872.1K-307.5K1.97103.04N/AN/A12825226,81863,002
2024-07-10$51.34$52.0026.4%4.2%20.4%92.1%16.9%2.7%-11.6%5.4M-36.3M-297.7K31.28104.61N/AN/A993,09726,84863,183
2024-07-11$51.53$52.0025.5%4.1%20.1%86.0%15.7%0.9%-10.0%7.1M-43.3M-297.5K2.04104.53N/AN/A5711626,88463,239
2024-07-12$52.34$52.0013.3%3.9%20.0%6.5%14.3%-14.8%0.4%7.8M-80.6M-252.2K0.74104.11N/AN/A25218626,90463,253
2024-07-15$51.67$52.0017.4%4.2%19.3%33.5%15.2%1.9%5.7%9.0M-55.0M-269.9K1.53101.95N/AN/A7811926,71050,634
2024-07-16$51.55$52.0016.7%4.3%16.0%28.8%17.1%-2.6%11.1%10.0M-52.7M-255.3K0.87108.62N/AN/A675826,72750,745
2024-07-17$50.89$52.0016.0%4.6%15.5%24.1%15.8%2.3%4.9%5.5M-20.1M-270.3K0.92104.23N/AN/A16515226,73950,785
2024-07-18$50.58$52.0019.4%4.5%15.6%46.6%32.8%7.3%16.4%-683.1K-3.5M-237.5K2.80103.33N/AN/A257026,80450,767
2024-07-19$50.03$52.0021.8%4.9%15.9%62.0%17.2%3.5%10.5%-9.5M20.0M-238.5K69.54112.02N/AN/A261,80826,80750,516
2024-07-22$51.06$52.0025.4%4.8%17.4%85.1%17.0%1.9%-1.5%-458.7K-4.5M-227.5K0.98125.66N/AN/A4,0944,0139,69424,412
2024-07-23$50.72$52.0027.7%4.8%17.2%100.0%16.4%1.4%-1.6%-478.6K-833.9K-303.1K1.55120.25N/AN/A446813,69328,417
2024-07-24$50.02$52.0032.0%5.3%17.9%100.0%21.2%8.7%-3.6%-1.2M2.9M-317.4K1.65122.74N/AN/A7111713,72628,446
2024-07-25$49.84$52.0029.3%5.3%17.6%86.5%18.6%10.3%-4.3%-941.8K2.4M-307.6K4.09120.72N/AN/A7430313,79728,565
2024-07-26$50.39$52.0029.5%4.9%18.0%87.3%17.7%-12.3%1.1%-902.6K-1.6M-301.5K1.35122.90N/AN/A699313,86728,794
2024-07-29$49.88$52.0023.4%5.1%18.3%56.5%17.6%7.9%3.8%-990.9K7.4M-315.2K6.75108.52N/AN/A10671613,89828,404
2024-07-30$49.91$52.0028.2%5.1%17.8%81.0%18.3%8.4%-3.1%-948.2K6.8M-326.6K1.02115.87N/AN/A4,0204,10613,93329,057
2024-07-31$50.41$51.5032.3%4.7%18.1%100.0%17.4%6.7%-10.4%-762.4K2.4M-310.3K5.18112.37N/AN/A3819713,95029,059