HEZU Options History — February 2020

In February 2020, HEZU traded between $28.65 and $33.12. ATM implied volatility averaged 39.7%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 22.2% (HV 20d: 17.6%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days.

Notable Days

  • 2020-02-05: Highest Volume — 20 contracts
  • 2020-02-12: Largest IV drop — 40.3% change
  • 2020-02-28: Highest IV Rank — 37.9%
  • 2020-02-28: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.94$28.65$33.12$31.34$28.65
ATM IV39.7%30.1%55.8%32.5%55.8%
Expected Move10.3%5.1%16.0%9.3%16.0%
HV 20d17.6%13.0%26.4%13.0%26.4%
HV 60d14.3%12.2%18.6%12.2%18.6%
IV Rank24.9%17.1%37.9%19.1%37.9%
IV Percentile81.4%61.9%96.4%73.4%96.4%
Term Structure-1.1%-14.5%63.8%-0.8%-14.3%
Skew 25d10.1%-10.2%32.8%0.9%-5.6%
Skew 10d8.2%-20.1%38.7%-8.8%-16.2%
Call IV 25d32.3%8.7%60.8%44.8%60.8%
Put IV 25d42.4%33.4%55.1%45.7%55.1%
Bid-Ask Spread %182.86128.95200.00154.70200.00
Gamma HHI0.950.891.001.000.90
Net GEX-2.2K-6.7K00-992
Net DEX30.5K043.3K043.3K
Net VEX-149-19400-144
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.10502000
Total OI17.263021021

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$31.34$0.0032.5%9.3%13.0%19.1%0.0%0.9%-0.8%0000.00154.70N/AN/A0000
2020-02-04$31.89$0.0041.2%11.8%14.5%26.1%0.0%13.8%-9.5%0000.00157.60N/AN/A0000
2020-02-05$32.39$0.0043.3%12.4%15.5%27.7%0.0%-10.1%-11.3%0000.00159.58N/AN/A02000
2020-02-06$32.59$0.0047.1%5.1%15.4%30.9%0.0%-10.2%1.8%-2.6K33.5K-1900.00128.95N/AN/A00020
2020-02-07$32.41$0.0043.0%9.2%15.5%27.5%0.0%26.2%-3.7%-3.6K36.7K-1870.00196.78N/AN/A00020
2020-02-10$32.52$0.0042.3%8.7%15.4%26.9%0.0%25.1%-1.0%-3.9K36.0K-1850.00197.33N/AN/A00020
2020-02-11$32.73$0.0050.5%8.8%15.6%33.6%0.0%27.0%-0.6%-1.7K31.6K-1890.00193.22N/AN/A00020
2020-02-12$33.06$0.0030.1%8.6%15.9%17.1%0.0%7.3%-4.8%-5.1K37.9K-1590.00193.67N/AN/A00020
2020-02-13$32.92$0.0030.9%8.9%15.9%17.8%0.0%7.5%-0.5%-2.0K31.0K-1880.00193.13N/AN/A00020
2020-02-14$32.93$0.0031.4%9.0%15.8%18.1%0.0%28.0%0.9%-2.7K31.3K-1880.00195.04N/AN/A00020
2020-02-18$32.94$0.0033.6%9.6%15.7%19.9%0.0%32.8%-3.4%-1.8K32.2K-1850.00187.66N/AN/A01020
2020-02-19$33.12$0.0033.5%9.6%15.5%19.9%0.0%7.9%-3.8%-6.7K37.9K-1610.00190.64N/AN/A00021
2020-02-20$32.98$0.0032.1%9.2%15.5%18.7%0.0%7.5%-7.2%-2.0K32.0K-1940.00189.06N/AN/A00021
2020-02-21$32.58$0.0034.8%10.0%16.2%20.9%0.0%29.8%-8.9%-2.1K32.5K-1900.00188.86N/AN/A00021
2020-02-24$31.30$0.0042.7%12.2%21.8%27.3%0.0%25.0%63.8%-1.8K39.8K-1780.00195.96N/AN/A00021
2020-02-25$30.48$0.0033.8%9.7%22.8%20.1%0.0%-6.8%9.6%-1.5K42.3K-1610.00182.54N/AN/A00021
2020-02-26$30.47$0.0045.8%13.1%22.5%29.8%0.0%-6.9%-12.3%-1.5K41.8K-1680.00189.50N/AN/A00021
2020-02-27$29.51$0.0050.2%14.4%24.7%33.3%0.0%-6.5%-14.5%-1.0K40.2K-1560.00180.11N/AN/A00021
2020-02-28$28.65$0.0055.8%16.0%26.4%37.9%0.0%-5.6%-14.3%-99243.3K-1440.00200.00N/AN/A00021