HEZU Options History — December 2020

In December 2020, HEZU traded between $31.12 and $31.80. ATM implied volatility averaged 29.9%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 17.0% (HV 20d: 12.9%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2020-12-21: Highest Volume — 30 contracts
2020-12-24: Largest IV spike — 280.6% change
2020-12-24: Highest IV Rank — 23.5%
2020-12-24: Largest Expected Move — 16.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.48	$31.12	$31.80	$31.41	$31.12
Max Pain	$31.54	$29.00	$32.00	$29.00	$32.00
ATM IV	29.9%	15.2%	57.7%	15.6%	36.8%
Expected Move	8.5%	4.3%	16.5%	4.5%	10.6%
HV 20d	12.9%	8.3%	21.2%	21.2%	12.3%
HV 60d	19.7%	19.0%	20.6%	20.6%	19.4%
IV Rank	8.0%	0.0%	23.5%	0.0%	12.0%
IV Percentile	24.4%	0.0%	80.6%	0.0%	35.7%
Term Structure	-2.3%	-24.6%	24.3%	17.7%	2.0%
VWIV	30.6%	20.9%	40.4%	40.4%	20.9%
Skew 25d	5.1%	-21.6%	44.6%	-9.2%	44.6%
Skew 10d	-2.4%	-37.5%	35.8%	18.9%	-37.5%
Call IV 25d	31.1%	11.6%	60.5%	53.4%	11.6%
Put IV 25d	36.1%	16.8%	70.2%	44.2%	56.2%
Bid-Ask Spread %	153.62	133.40	189.31	146.79	158.89
Gamma HHI	0.85	0.68	0.98	0.74	0.97
Net GEX	8.9K	3.0K	16.3K	8.8K	9.7K
Net DEX	-56.8K	-92.5K	-26.7K	-46.0K	-54.8K
Net VEX	-98	-167	-48	-85	-125
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.273	0	30	0	0
Total OI	43.818	22	57	37	52

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2020-12-01	$31.41	$29.00	15.6%	4.5%	21.2%	0.0%	0.0%	-9.2%	17.7%	8.8K	-46.0K	-85	146.79	N/A	N/A	0	37
2020-12-02	$31.45	$29.00	47.6%	13.6%	19.5%	17.8%	0.0%	5.5%	-10.4%	6.4K	-52.3K	-96	143.87	N/A	N/A	0	37
2020-12-03	$31.31	$0.00	41.4%	8.5%	19.8%	14.3%	0.0%	2.0%	-8.7%	7.2K	-38.9K	-70	137.63	N/A	N/A	0	37
2020-12-04	$31.62	$0.00	20.3%	4.7%	19.5%	2.6%	0.0%	-11.5%	8.2%	12.0K	-51.2K	-82	155.69	N/A	N/A	0	37
2020-12-07	$31.48	$0.00	40.9%	10.8%	19.8%	14.1%	0.0%	8.0%	-8.4%	6.6K	-51.2K	-78	138.73	N/A	N/A	0	37
2020-12-08	$31.60	$0.00	16.5%	8.1%	12.7%	0.5%	0.0%	16.6%	8.9%	11.9K	-48.8K	-65	148.78	N/A	N/A	0	37
2020-12-09	$31.51	$0.00	18.2%	5.2%	11.8%	1.5%	0.0%	7.8%	3.5%	5.4K	-55.1K	-76	155.67	N/A	N/A	0	37
2020-12-10	$31.51	$0.00	33.4%	9.6%	11.7%	9.9%	0.0%	7.3%	-4.4%	4.1K	-58.6K	-74	133.40	N/A	N/A	0	37
2020-12-11	$31.26	$0.00	43.1%	12.3%	10.1%	15.3%	0.0%	22.8%	-11.0%	4.3K	-53.8K	-69	157.40	N/A	N/A	0	37
2020-12-14	$31.28	$0.00	29.1%	8.3%	8.3%	7.5%	0.0%	-0.0%	-11.8%	7.1K	-47.9K	-51	150.63	N/A	N/A	0	37
2020-12-15	$31.66	$0.00	36.1%	10.4%	9.0%	11.4%	40.4%	-10.9%	-16.9%	7.4K	-58.9K	-48	148.34	N/A	N/A	20	37
2020-12-16	$31.76	$32.00	42.1%	12.1%	9.0%	14.7%	0.0%	-7.1%	-16.0%	6.0K	-92.5K	-113	170.19	N/A	N/A	0	57
2020-12-17	$31.80	$32.00	23.8%	6.8%	8.9%	4.6%	0.0%	-0.5%	9.1%	13.4K	-87.1K	-96	135.72	N/A	N/A	0	57
2020-12-18	$31.66	$32.00	34.0%	9.7%	9.2%	10.2%	0.0%	-4.7%	-24.6%	5.6K	-45.6K	-77	138.63	N/A	N/A	0	57
2020-12-21	$31.20	$32.00	33.1%	9.5%	10.7%	9.7%	20.9%	9.7%	-12.7%	3.0K	-26.7K	-71	175.38	N/A	N/A	30	22
2020-12-22	$31.37	$32.00	17.8%	5.1%	10.9%	1.2%	0.0%	-8.2%	5.0%	11.3K	-55.0K	-155	136.69	N/A	N/A	0	52
2020-12-23	$31.73	$32.00	15.2%	4.3%	11.0%	0.0%	0.0%	24.8%	18.8%	13.2K	-76.4K	-167	152.33	N/A	N/A	0	52
2020-12-24	$31.28	$32.00	57.7%	16.5%	12.2%	23.5%	0.0%	-21.6%	-13.8%	4.6K	-76.0K	-163	147.50	N/A	N/A	0	52
2020-12-28	$31.51	$32.00	16.3%	4.7%	12.4%	0.7%	0.0%	3.7%	-2.4%	14.5K	-61.5K	-141	171.65	N/A	N/A	0	52
2020-12-29	$31.54	$32.00	15.3%	4.4%	11.9%	0.1%	0.0%	26.1%	24.3%	16.3K	-59.4K	-138	189.31	N/A	N/A	0	52
2020-12-30	$31.43	$32.00	24.7%	7.1%	11.8%	5.3%	0.0%	5.9%	-7.3%	16.3K	-52.6K	-123	186.35	N/A	N/A	0	52
2020-12-31	$31.12	$32.00	36.8%	10.6%	12.3%	12.0%	0.0%	44.6%	2.0%	9.7K	-54.8K	-125	158.89	N/A	N/A	0	52