HEZU Options History — March 2020

In March 2020, HEZU traded between $20.16 and $29.86. ATM implied volatility averaged 84.9%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 18.4% (HV 20d: 66.5%). Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-03-26: Highest Volume — 80 contracts
  • 2020-03-12: Largest IV spike — 89.8% change
  • 2020-03-16: Highest IV Rank — 100.0%
  • 2020-03-16: Largest Expected Move — 42.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.29$20.16$29.86$29.05$23.55
ATM IV84.9%36.4%168.4%55.6%55.2%
Expected Move21.5%9.6%42.0%15.9%15.8%
HV 20d66.5%26.0%94.4%26.4%94.3%
HV 60d41.4%17.9%56.4%18.1%56.4%
IV Rank53.8%22.2%100.0%37.7%29.0%
IV Percentile94.8%78.2%100.0%95.6%89.3%
Term Structure-11.3%-32.7%10.3%-14.4%-7.3%
Skew 25d5.2%-27.1%46.3%-2.0%13.0%
Skew 10d-10.6%-46.0%21.4%-13.3%3.1%
Call IV 25d83.0%34.9%165.1%62.7%46.3%
Put IV 25d88.1%42.9%164.5%60.6%59.2%
Bid-Ask Spread %161.35123.20182.49182.49144.40
Gamma HHI0.780.430.900.900.59
Net GEX-409-1.3K857-1.1K595
Net DEX39.0K26.4K46.1K43.4K40.8K
Net VEX-113-161-62-144-106
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.68208010
Total OI32.8642110221102

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$29.05$0.0055.6%15.9%26.4%37.7%0.0%-2.0%-14.4%-1.1K43.4K-1440.00182.49N/AN/A01021
2020-03-03$28.96$0.0057.5%16.5%26.0%39.2%0.0%3.0%-26.5%-96644.2K-1500.00168.17N/AN/A00022
2020-03-04$29.86$0.0043.6%12.5%27.8%28.0%0.0%2.5%-4.2%-1.3K43.6K-1610.00160.29N/AN/A00022
2020-03-05$28.59$0.0036.4%9.6%30.2%22.2%0.0%-0.1%9.1%-97743.4K-1480.00170.23N/AN/A00022
2020-03-06$27.88$0.0059.4%12.3%30.6%40.8%0.0%1.8%-11.7%-89144.6K-1360.00156.32N/AN/A00022
2020-03-09$25.29$0.0089.2%12.6%44.1%64.8%0.0%10.4%-2.0%-52238.8K-1270.00171.41N/AN/A00022
2020-03-10$26.05$0.00111.1%15.0%46.3%82.5%0.0%25.1%7.5%-63242.4K-1200.00161.28N/AN/A00022
2020-03-11$24.77$0.0054.0%15.5%47.8%36.4%0.0%3.6%-8.4%-52944.9K-970.00164.13N/AN/A00022
2020-03-12$21.95$0.00102.5%29.4%60.1%75.5%0.0%0.7%-14.2%-30031.3K-1210.00169.82N/AN/A00022
2020-03-13$23.11$0.0078.0%22.3%65.1%55.7%0.0%11.1%-15.6%-39938.0K-1100.00161.22N/AN/A00022
2020-03-16$20.38$0.00146.4%42.0%75.1%100.0%0.0%-24.4%-32.7%-24729.1K-1070.00169.22N/AN/A00022
2020-03-17$21.52$0.00141.1%40.4%79.8%96.1%0.0%1.4%-26.1%-29932.3K-1110.00175.10N/AN/A00022
2020-03-18$20.16$0.00168.4%0.0%80.6%100.0%0.0%-27.1%0.0%-21926.4K-1110.00169.82N/AN/A00022
2020-03-19$21.49$0.0094.9%27.2%86.3%53.9%0.0%12.0%-24.9%-32437.0K-870.00153.14N/AN/A00022
2020-03-20$21.72$0.00122.6%35.2%87.0%71.3%0.0%-3.2%-15.5%-28930.8K-1170.00174.84N/AN/A00022
2020-03-23$21.55$0.00117.4%33.7%86.8%68.0%0.0%-9.5%-30.2%-30334.8K-980.00167.89N/AN/A00022
2020-03-24$23.18$0.0073.5%21.1%92.6%40.5%0.0%2.1%3.4%-30443.2K-720.00171.27N/AN/A00022
2020-03-25$24.04$0.00101.4%29.1%94.2%58.0%0.0%20.1%-25.9%-36740.8K-960.00172.41N/AN/A00022
2020-03-26$24.20$0.0049.5%14.2%94.1%25.4%0.0%16.5%-4.5%-46046.1K-730.00136.65N/AN/A800022
2020-03-27$23.32$0.0057.1%16.4%94.3%30.2%0.0%46.3%10.3%-2745.4K-620.00123.20N/AN/A008022
2020-03-30$23.68$0.0053.0%15.2%94.4%27.6%0.0%10.3%-4.6%85736.4K-1280.00126.34N/AN/A008022
2020-03-31$23.55$0.0055.2%15.8%94.3%29.0%0.0%13.0%-7.3%59540.8K-1060.00144.40N/AN/A008022