HEZU Options History — April 2018

In April 2018, HEZU traded between $28.89 and $30.60. ATM implied volatility averaged 22.1%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 6.6% (HV 20d: 15.5%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.82.

Notable Days

2018-04-02: Highest Volume — 191 contracts
2018-04-26: Largest IV spike — 48.9% change
2018-04-03: Highest IV Rank — 55.0%
2018-04-03: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.99	$28.89	$30.60	$28.89	$30.60
Max Pain	$28.00	$28.00	$28.00	$28.00	$28.00
ATM IV	22.1%	13.5%	30.9%	25.4%	21.8%
Expected Move	6.0%	3.9%	8.9%	7.3%	6.2%
HV 20d	15.5%	10.2%	17.6%	16.0%	10.2%
HV 60d	17.6%	17.2%	17.8%	17.4%	17.6%
IV Rank	37.6%	20.6%	55.0%	44.0%	36.9%
IV Percentile	39.7%	2.8%	89.7%	64.3%	39.3%
Term Structure	-3.0%	-7.8%	2.7%	-6.4%	-2.3%
VWIV	20.9%	15.1%	26.7%	18.3%	26.7%
Skew 25d	1.8%	-3.2%	6.1%	-3.2%	1.2%
Skew 10d	2.6%	-13.8%	6.3%	-13.8%	2.2%
Call IV 25d	22.7%	13.9%	33.9%	33.9%	27.2%
Put IV 25d	24.5%	16.8%	32.0%	30.7%	28.4%
Bid-Ask Spread %	152.90	132.42	165.77	165.77	151.34
Gamma HHI	0.57	0.50	1.00	0.61	0.50
Net GEX	1.3K	-4.1K	5.0K	3.4K	-488
Net DEX	-81.2K	-99.2K	-65.2K	-74.2K	-85.2K
Net VEX	-137	-236	-47	-236	-66
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.82	2.82	2.82	2.82	2.82
Total Volume	191	191	191	191	191
Total OI	54.714	49	64	64	49

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-04-02	$28.89	$0.00	25.4%	7.3%	16.0%	44.0%	0.0%	-3.2%	-6.4%	3.4K	-74.2K	-236	2.82	165.77	N/A	N/A	50	141	50	14
2018-04-03	$29.24	$0.00	30.9%	8.9%	16.4%	55.0%	0.0%	-0.2%	-7.8%	3.6K	-77.4K	-235	2.82	147.81	N/A	N/A	50	141	50	14
2018-04-04	$29.26	$0.00	29.3%	8.4%	16.4%	51.7%	0.0%	0.9%	-1.4%	4.5K	-72.0K	-227	2.82	153.25	N/A	N/A	50	141	50	14
2018-04-05	$29.71	$28.00	25.3%	5.4%	17.2%	43.8%	18.3%	-0.8%	-6.7%	5.0K	-87.3K	-197	2.82	158.46	N/A	N/A	50	141	50	14
2018-04-06	$29.46	$28.00	23.1%	5.3%	17.3%	39.6%	15.1%	6.1%	1.6%	2.9K	-96.3K	-187	2.82	132.42	N/A	N/A	50	141	50	14
2018-04-09	$29.69	$28.00	21.6%	4.7%	17.4%	36.5%	15.6%	5.5%	-2.2%	2.8K	-99.2K	-181	2.82	134.48	N/A	N/A	50	141	50	14
2018-04-10	$29.89	$28.00	29.7%	6.1%	17.6%	52.5%	20.5%	3.9%	-4.2%	2.8K	-96.0K	-195	2.82	154.35	N/A	N/A	50	141	50	14
2018-04-11	$29.71	$28.00	19.7%	5.7%	17.0%	32.9%	20.9%	2.0%	-1.8%	3.0K	-95.1K	-189	2.82	160.15	N/A	N/A	50	141	50	14
2018-04-12	$29.96	$28.00	22.6%	6.5%	17.2%	38.6%	23.4%	3.1%	-5.2%	1.1K	-65.2K	-140	2.82	154.99	N/A	N/A	50	141	35	14
2018-04-13	$29.95	$28.00	19.2%	5.5%	17.1%	31.9%	20.5%	1.9%	-4.0%	1.1K	-66.3K	-138	2.82	161.89	N/A	N/A	50	141	35	14
2018-04-16	$30.01	$28.00	21.4%	6.1%	17.0%	36.2%	22.5%	2.0%	-0.9%	779	-69.6K	-124	2.82	157.55	N/A	N/A	50	141	35	14
2018-04-17	$30.29	$28.00	20.8%	6.0%	16.9%	35.0%	22.0%	0.4%	-5.0%	838	-76.8K	-101	2.82	156.36	N/A	N/A	50	141	35	14
2018-04-18	$30.37	$28.00	15.6%	4.5%	16.7%	24.8%	15.6%	2.4%	-0.4%	-4.1K	-89.0K	-47	2.82	148.20	N/A	N/A	50	141	35	14
2018-04-19	$30.33	$28.00	20.5%	5.9%	16.4%	34.4%	22.0%	1.6%	-4.2%	569	-74.7K	-112	2.82	156.73	N/A	N/A	50	141	35	14
2018-04-20	$30.34	$28.00	20.9%	6.0%	14.5%	35.2%	22.7%	1.7%	-6.2%	563	-74.8K	-110	2.82	160.97	N/A	N/A	50	141	35	14
2018-04-23	$30.45	$28.00	21.6%	6.2%	13.2%	36.5%	23.3%	2.2%	-2.5%	303	-78.1K	-97	2.82	154.91	N/A	N/A	50	141	35	14
2018-04-24	$30.18	$28.00	20.6%	5.9%	13.4%	34.7%	22.2%	1.8%	-3.1%	526	-73.3K	-102	2.82	157.75	N/A	N/A	50	141	35	14
2018-04-25	$30.27	$28.00	13.5%	3.9%	12.9%	20.6%	16.5%	2.0%	2.7%	-2.4K	-86.0K	-58	2.82	137.85	N/A	N/A	50	141	35	14
2018-04-26	$30.55	$28.00	20.1%	5.8%	12.5%	33.6%	24.8%	2.3%	-2.0%	-343	-83.9K	-73	2.82	156.09	N/A	N/A	50	141	35	14
2018-04-27	$30.57	$28.00	21.0%	6.0%	12.2%	35.4%	24.4%	1.6%	-0.9%	-317	-84.0K	-72	2.82	149.65	N/A	N/A	50	141	35	14
2018-04-30	$30.60	$28.00	21.8%	6.2%	10.2%	36.9%	26.7%	1.2%	-2.3%	-488	-85.2K	-66	2.82	151.34	N/A	N/A	50	141	35	14