HEZU Options History — February 2016

In February 2016, HEZU traded between $21.72 and $24.43. ATM implied volatility averaged 25.6%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 3.7% (HV 20d: 29.3%). Max pain ranged from $23.86 to $26.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.01.

Notable Days

  • 2016-02-26: Highest Volume — 293 contracts
  • 2016-02-02: Largest IV spike — 22.3% change
  • 2016-02-11: Highest IV Rank — 14.6%
  • 2016-02-11: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.08$21.72$24.43$24.43$23.52
Max Pain$25.68$23.86$26.00$23.86$26.00
ATM IV25.6%19.7%31.6%19.7%23.8%
Expected Move7.4%5.7%9.1%5.7%6.8%
HV 20d29.3%27.1%31.2%29.1%27.1%
HV 60d25.7%23.7%27.0%23.7%26.9%
IV Rank11.4%8.1%14.6%8.1%10.4%
IV Percentile65.2%38.3%87.9%38.3%53.6%
Term Structure-1.4%-4.5%4.2%4.2%-2.4%
VWIV20.4%14.8%27.1%20.4%27.1%
Skew 25d5.9%1.0%9.4%9.4%2.9%
Skew 10d10.0%4.7%17.1%13.9%5.3%
Call IV 25d22.6%18.1%28.1%18.4%23.4%
Put IV 25d28.5%24.4%33.5%27.8%26.3%
Bid-Ask Spread %71.0820.95115.0940.91115.09
Gamma HHI0.540.380.950.450.38
Net GEX11.2K2.8K28.7K28.7K16.2K
Net DEX-46.1K-192.2K33.0K-192.2K-113.7K
Net VEX-227-626-90-626-545
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.100.000.00
Total Volume213.4193293205293
Total OI372.15199451431318

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-02-01$24.43$23.8619.7%5.7%29.1%8.1%20.4%9.4%4.2%28.7K-192.2K-6260.0040.91N/AN/A20504310
2016-02-02$23.68$23.8624.1%6.9%30.5%10.5%22.1%1.0%-0.0%23.2K-122.5K-5050.0022.96N/AN/A20504310
2016-02-03$23.60$23.8625.5%7.3%30.4%11.3%25.1%8.0%-3.0%21.3K-99.5K-4010.0020.95N/AN/A20504310
2016-02-04$23.42$26.0021.9%7.2%29.9%9.3%14.8%5.3%-2.7%21.1K-83.0K-3610.0061.20N/AN/A20504310
2016-02-05$23.15$26.0026.0%7.2%29.0%11.6%16.2%4.7%-1.9%18.2K-69.5K-3120.0067.51N/AN/A20504310
2016-02-08$22.46$26.0029.3%8.1%30.5%13.3%18.4%2.6%-3.5%9.5K-32.0K-1880.0057.16N/AN/A20504310
2016-02-09$22.02$26.0030.9%8.6%30.4%14.2%21.9%4.9%-4.5%5.9K-20.2K-1340.0064.97N/AN/A20504310
2016-02-10$22.13$26.0028.4%8.1%29.7%12.9%19.9%3.4%-3.1%5.8K-18.8K-1320.0058.56N/AN/A20504310
2016-02-11$21.72$26.0031.6%9.1%29.4%14.6%22.3%5.4%-2.0%3.3K-12.6K-1100.0057.32N/AN/A20504310
2016-02-12$22.11$26.0028.8%8.3%30.1%13.1%22.8%8.3%-4.4%4.2K-12.6K-920.0076.62N/AN/A20504310
2016-02-16$22.79$26.0026.9%7.7%30.0%12.1%18.8%6.7%-0.9%9.1K-22.9K-1390.0060.32N/AN/A20504310
2016-02-17$23.36$26.0025.4%7.3%31.2%11.3%18.3%7.5%0.2%21.3K-52.0K-1760.0073.71N/AN/A20504310
2016-02-18$23.25$26.0025.2%7.2%30.5%11.1%17.4%6.4%-0.4%9.0K-19.0K-1300.1063.85N/AN/A205204310
2016-02-19$23.14$26.0024.9%7.1%30.1%11.0%18.3%7.5%-0.6%4.3K33.0K-1080.1072.05N/AN/A2052043120
2016-02-22$23.61$26.0023.2%6.6%28.5%10.0%16.9%8.3%-2.0%6.8K-19.7K-1400.0075.76N/AN/A19301990
2016-02-23$23.29$26.0024.1%6.9%28.2%10.5%25.3%5.5%1.0%4.4K-15.9K-1130.00114.69N/AN/A19302180
2016-02-24$23.09$26.0025.4%7.3%27.2%11.2%21.5%8.0%-2.8%2.8K-11.6K-900.0099.73N/AN/A19302180
2016-02-25$23.33$26.0022.7%6.5%27.4%9.8%20.3%6.9%1.6%5.5K-20.0K-1350.00107.25N/AN/A19302180
2016-02-26$23.49$26.0025.0%7.2%27.5%11.0%0.0%4.7%-1.3%4.2K-17.1K-1110.00110.98N/AN/A29302180
2016-02-29$23.52$26.0023.8%6.8%27.1%10.4%27.1%2.9%-2.4%16.2K-113.7K-5450.00115.09N/AN/A29303180