HEZU Options History — May 2018

In May 2018, HEZU traded between $30.30 and $31.52. ATM implied volatility averaged 21.0%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 13.8% (HV 20d: 7.3%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.82.

Notable Days

2018-05-01: Highest Volume — 191 contracts
2018-05-16: Largest IV spike — 72.3% change
2018-05-03: Highest IV Rank — 58.0%
2018-05-31: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.06	$30.30	$31.52	$30.60	$30.48
Max Pain	$28.00	$28.00	$28.00	$28.00	$28.00
ATM IV	21.0%	9.5%	32.5%	22.9%	27.8%
Expected Move	5.7%	2.7%	8.0%	6.6%	8.0%
HV 20d	7.3%	4.4%	10.8%	9.6%	10.4%
HV 60d	12.8%	11.5%	17.0%	17.0%	12.6%
IV Rank	35.5%	12.7%	58.0%	39.1%	48.8%
IV Percentile	40.9%	0.8%	92.9%	50.4%	81.7%
Term Structure	-2.1%	-6.0%	3.5%	-3.4%	-5.9%
VWIV	28.1%	27.3%	28.9%	27.3%	28.9%
Skew 25d	2.5%	0.6%	6.0%	1.2%	1.5%
Skew 10d	5.2%	0.5%	12.2%	2.3%	2.8%
Call IV 25d	19.9%	8.7%	30.9%	27.9%	30.9%
Put IV 25d	22.4%	11.0%	32.4%	29.1%	32.4%
Bid-Ask Spread %	154.30	136.02	179.68	153.45	156.97
Gamma HHI	0.72	0.50	1.00	0.51	0.98
Net GEX	-813	-2.5K	464	-529	0
Net DEX	-62.3K	-109.7K	0	-85.4K	0
Net VEX	-18	-75	0	-65	0
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	121.545	0	191	191	0
Total OI	31.182	0	49	49	0

Daily Data (22 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
2018-05-01	$30.60	$28.00	22.9%	6.6%	9.6%	39.1%	27.3%	1.2%	-3.4%	-529	-85.4K	-65	2.82	153.45	N/A	N/A	50	141	35	14
2018-05-02	$30.85	$28.00	22.7%	6.5%	9.8%	38.7%	28.9%	1.3%	-2.8%	-944	-90.6K	-54	2.82	158.63	N/A	N/A	50	141	35	14
2018-05-03	$30.81	$0.00	32.5%	7.4%	8.7%	58.0%	0.0%	5.1%	-1.5%	464	-81.0K	-75	2.82	168.11	N/A	N/A	50	141	35	14
2018-05-04	$30.99	$0.00	32.0%	6.8%	7.9%	57.1%	0.0%	6.0%	-3.8%	181	-85.3K	-62	2.82	179.68	N/A	N/A	50	141	35	14
2018-05-07	$31.04	$0.00	17.4%	4.1%	7.7%	28.4%	0.0%	2.9%	-1.0%	-2.5K	-99.4K	-24	2.82	146.97	N/A	N/A	50	141	35	14
2018-05-08	$31.12	$0.00	27.4%	5.8%	7.5%	47.9%	0.0%	2.6%	-0.4%	-1.5K	-96.5K	-33	2.82	162.25	N/A	N/A	50	141	35	14
2018-05-09	$31.20	$0.00	20.7%	5.9%	6.9%	34.8%	0.0%	2.9%	-2.7%	-1.5K	-97.8K	-28	2.82	153.45	N/A	N/A	50	141	35	14
2018-05-10	$31.24	$0.00	13.2%	3.8%	6.5%	19.9%	0.0%	2.8%	0.8%	-2.3K	-102.6K	-16	2.82	146.63	N/A	N/A	50	141	35	14
2018-05-11	$31.25	$0.00	18.8%	5.4%	6.5%	31.0%	0.0%	3.7%	-0.7%	-1.6K	-98.7K	-23	2.82	161.82	N/A	N/A	50	141	35	14
2018-05-14	$31.27	$0.00	13.1%	3.8%	6.5%	19.9%	0.0%	3.2%	-0.2%	-2.3K	-103.5K	-11	2.82	148.40	N/A	N/A	50	141	35	14
2018-05-15	$31.26	$0.00	9.5%	2.7%	5.9%	12.7%	0.0%	2.3%	3.5%	-1.5K	-107.8K	-3	2.82	141.88	N/A	N/A	50	141	35	14
2018-05-16	$31.28	$0.00	16.4%	4.7%	5.9%	26.3%	0.0%	2.4%	-2.8%	-1.8K	-107.2K	-3	2.82	136.02	N/A	N/A	50	141	35	14
2018-05-17	$31.36	$0.00	15.1%	4.3%	5.9%	23.7%	0.0%	1.8%	-2.4%	-2.0K	-106.2K	-4	2.82	147.17	N/A	N/A	50	141	35	14
2018-05-18	$31.33	$0.00	12.1%	3.5%	5.9%	17.9%	0.0%	1.8%	0.3%	0	-109.7K	0	2.82	142.79	N/A	N/A	50	141	35	14
2018-05-21	$31.45	$0.00	16.5%	4.7%	5.9%	26.6%	0.0%	2.6%	-1.7%	0	0	0	0.00	155.48	N/A	N/A	0	0	0	0
2018-05-22	$31.52	$0.00	20.6%	5.9%	4.4%	34.5%	0.0%	4.0%	-4.8%	0	0	0	0.00	154.36	N/A	N/A	0	0	0	0
2018-05-23	$31.26	$0.00	23.3%	6.7%	5.8%	40.0%	0.0%	0.6%	-1.0%	0	0	0	0.00	159.10	N/A	N/A	0	0	0	0
2018-05-24	$31.10	$0.00	24.4%	7.0%	5.5%	42.0%	0.0%	0.8%	-2.4%	0	0	0	0.00	155.52	N/A	N/A	0	0	0	0
2018-05-25	$31.01	$0.00	23.6%	6.8%	5.7%	40.5%	0.0%	2.6%	-2.7%	0	0	0	0.00	159.72	N/A	N/A	0	0	0	0
2018-05-29	$30.30	$0.00	27.3%	7.8%	10.2%	47.8%	0.0%	1.5%	-6.0%	0	0	0	0.00	158.76	N/A	N/A	0	0	0	0
2018-05-30	$30.58	$0.00	25.6%	7.3%	10.8%	44.4%	0.0%	2.5%	-4.6%	0	0	0	0.00	147.46	N/A	N/A	0	0	0	0
2018-05-31	$30.48	$0.00	27.8%	8.0%	10.4%	48.8%	0.0%	1.5%	-5.9%	0	0	0	0.00	156.97	N/A	N/A	0	0	0	0