HEZU Options History — August 2015

In August 2015, HEZU traded between $24.38 and $28.97. ATM implied volatility averaged 32.9%. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 12.4% (HV 20d: 20.5%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.02.

Notable Days

  • 2015-08-21: Highest Volume — 177 contracts
  • 2015-08-27: Largest IV spike — 289.6% change
  • 2015-08-24: Largest Expected Move — 31.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.24$24.38$28.97$28.63$25.89
Max Pain$28.24$27.00$29.00$29.00$27.00
ATM IV32.9%14.5%110.9%15.4%26.0%
Expected Move9.6%4.4%31.8%4.4%7.5%
HV 20d20.5%13.7%30.1%21.8%29.7%
HV 60d29.2%29.2%29.2%29.2%29.2%
Term Structure-7.3%-58.5%2.3%2.3%-0.2%
VWIV28.9%9.0%121.9%15.4%22.5%
Skew 25d4.0%-7.2%14.7%2.3%2.5%
Skew 10d10.4%-7.2%87.1%2.1%5.9%
Call IV 25d35.2%14.1%152.8%15.4%24.4%
Put IV 25d39.1%17.2%156.8%17.7%26.9%
Bid-Ask Spread %99.8179.79169.93105.4996.14
Gamma HHI0.660.220.980.980.22
Net GEX21.4K2.0K53.8K39.4K8.3K
Net DEX-107.7K-212.2K-36.5K-165.9K-56.0K
Net VEX-384-513-205-491-351
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.030.030.00
Total Volume101.52401770109
Total OI150.048112207152129

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$28.63$29.0015.4%4.4%21.8%0.0%0.0%2.3%2.3%39.4K-165.9K-4910.00105.49N/AN/A001520
2015-08-04$28.67$29.0015.7%4.5%21.8%0.0%15.4%3.5%1.7%40.2K-166.4K-4790.03106.60N/AN/A11131520
2015-08-05$28.93$29.0015.9%4.6%20.6%0.0%16.2%4.9%1.2%43.5K-211.5K-4980.03104.98N/AN/A11131520
2015-08-06$28.92$29.0015.9%5.3%19.2%0.0%18.5%1.1%-0.1%44.7K-209.1K-4870.0381.00N/AN/A11131520
2015-08-07$28.76$29.0016.1%4.9%13.9%0.0%17.2%3.3%1.4%44.1K-181.0K-4650.0382.80N/AN/A11131520
2015-08-10$28.97$29.0015.4%4.8%13.7%0.0%16.8%4.8%1.3%53.8K-212.2K-4440.0381.50N/AN/A11131520
2015-08-11$28.48$29.0014.5%5.4%15.0%0.0%0.0%5.0%0.7%45.2K-121.6K-3760.0085.25N/AN/A001520
2015-08-12$27.86$29.0021.4%6.1%16.9%0.0%18.2%6.0%-1.6%20.9K-73.0K-2850.0379.79N/AN/A11131520
2015-08-13$27.78$29.0021.2%6.1%15.5%0.0%19.7%4.0%-0.9%19.9K-68.2K-2690.0383.64N/AN/A11131520
2015-08-14$27.80$29.0021.4%6.1%15.6%0.0%19.5%3.2%-0.9%18.7K-61.0K-2500.0382.01N/AN/A11131520
2015-08-17$27.78$29.0021.1%6.1%15.3%0.0%19.0%4.1%-0.6%13.1K-47.6K-2050.0282.86N/AN/A14131520
2015-08-18$27.68$29.0021.1%6.1%15.0%0.0%21.1%1.8%-0.4%9.5K-63.3K-3830.0286.39N/AN/A15131820
2015-08-19$27.24$28.0023.2%6.6%15.8%0.0%0.0%4.8%-1.3%8.0K-59.2K-3610.0086.30N/AN/A001920
2015-08-20$26.33$28.0025.9%7.4%19.3%0.0%22.4%1.7%-2.8%10.5K-51.8K-2900.0285.05N/AN/A16431920
2015-08-21$25.42$27.0029.5%8.5%22.2%0.0%23.5%2.7%-4.2%5.1K-36.5K-2630.0286.62N/AN/A17432070
2015-08-24$24.38$27.00110.9%31.8%25.3%0.0%9.0%4.0%-58.5%2.0K-143.2K-5080.00164.95N/AN/A8701120
2015-08-25$24.73$27.00101.2%29.0%25.3%0.0%100.4%10.0%-43.1%4.0K-107.3K-4800.00159.78N/AN/A8701120
2015-08-26$25.64$27.0027.0%7.7%29.2%0.0%18.0%14.7%-1.6%6.0K-43.3K-2920.0091.06N/AN/A8701120
2015-08-27$26.04$27.00105.0%30.1%30.1%0.0%121.9%-7.2%-44.5%4.3K-120.8K-5130.00169.93N/AN/A10401120
2015-08-28$26.07$27.0027.5%7.9%30.0%0.0%21.3%6.7%-2.1%8.9K-62.1K-3700.0093.75N/AN/A10401290
2015-08-31$25.89$27.0026.0%7.5%29.7%0.0%22.5%2.5%-0.2%8.3K-56.0K-3510.0096.14N/AN/A10901290