HEZU Options History — January 2021

In January 2021, HEZU traded between $30.94 and $32.36. ATM implied volatility averaged 37.0%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 23.6% (HV 20d: 13.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2021-01-15: Highest Volume — 43 contracts
2021-01-22: Largest IV spike — 153.5% change
2021-01-27: Highest IV Rank — 46.4%
2021-01-27: Largest Expected Move — 28.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.85	$30.94	$32.36	$31.53	$30.94
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	37.0%	13.4%	98.1%	17.4%	80.6%
Expected Move	12.3%	5.5%	28.1%	7.4%	23.1%
HV 20d	13.4%	12.2%	16.1%	13.1%	16.1%
HV 60d	18.8%	16.7%	19.5%	19.5%	17.6%
IV Rank	12.7%	0.0%	46.4%	1.2%	36.9%
IV Percentile	35.2%	0.0%	94.8%	3.2%	91.3%
Term Structure	-5.2%	-25.6%	37.8%	-6.2%	-22.6%
VWIV	19.1%	19.1%	19.1%	19.1%	19.1%
Skew 25d	6.7%	-34.0%	29.0%	-9.7%	-8.7%
Skew 10d	14.8%	-25.3%	60.8%	4.4%	6.4%
Call IV 25d	45.5%	20.3%	109.3%	38.5%	92.8%
Put IV 25d	52.2%	22.4%	130.4%	28.8%	84.1%
Bid-Ask Spread %	157.60	127.53	192.16	141.75	188.35
Gamma HHI	0.71	0.33	0.99	0.98	0.34
Net GEX	14.6K	126	49.5K	18.7K	165
Net DEX	-45.4K	-127.5K	-4.3K	-52.7K	-5.1K
Net VEX	-44	-109	-5	-106	-13
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	2.368	0	43	0	0
Total OI	28.211	2	52	52	3

Daily Data (19 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
2021-01-04	$31.53	$30.00	17.4%	7.4%	13.1%	1.2%	0.0%	-9.7%	-6.2%	18.7K	-52.7K	-106	141.75	N/A	N/A	0	52
2021-01-05	$31.62	$30.00	15.9%	10.5%	12.6%	0.4%	0.0%	28.6%	-18.9%	11.6K	-68.3K	-109	156.24	N/A	N/A	0	52
2021-01-06	$31.87	$30.00	17.2%	10.4%	12.8%	1.1%	0.0%	1.5%	-5.4%	23.7K	-77.5K	-108	162.37	N/A	N/A	0	52
2021-01-07	$32.16	$30.00	15.7%	9.4%	13.1%	0.3%	0.0%	23.1%	-15.5%	27.1K	-100.5K	-99	146.40	N/A	N/A	0	52
2021-01-08	$32.36	$30.00	13.4%	8.7%	13.2%	0.0%	0.0%	12.9%	-2.3%	17.3K	-106.4K	-91	139.02	N/A	N/A	0	52
2021-01-11	$32.09	$30.00	14.9%	6.5%	13.6%	0.8%	0.0%	10.2%	3.1%	32.1K	-94.9K	-73	127.53	N/A	N/A	0	52
2021-01-12	$32.00	$30.00	15.1%	10.1%	13.3%	0.9%	0.0%	29.0%	-3.3%	40.7K	-84.8K	-65	162.36	N/A	N/A	0	52
2021-01-13	$32.09	$30.00	33.8%	9.7%	13.3%	11.2%	0.0%	12.8%	0.2%	49.5K	-99.0K	-53	142.10	N/A	N/A	0	52
2021-01-14	$32.25	$30.00	25.7%	7.4%	12.8%	6.7%	0.0%	17.2%	37.8%	45.5K	-127.5K	-32	128.29	N/A	N/A	0	52
2021-01-15	$31.80	$30.00	36.1%	10.3%	13.8%	12.4%	0.0%	4.2%	29.3%	9.8K	-5.2K	-7	135.06	N/A	N/A	43	45
2021-01-19	$31.95	$30.00	31.6%	9.1%	13.9%	10.0%	0.0%	-3.2%	-7.8%	270	-4.3K	-6	136.01	N/A	N/A	0	2
2021-01-20	$32.19	$30.00	47.1%	13.5%	14.0%	18.5%	0.0%	5.7%	-8.1%	163	-4.3K	-7	172.24	N/A	N/A	0	2
2021-01-21	$32.14	$30.00	19.0%	5.5%	12.8%	3.1%	0.0%	2.0%	-2.0%	268	-5.0K	-5	165.98	N/A	N/A	0	2
2021-01-22	$31.95	$30.00	48.2%	13.8%	13.0%	19.1%	19.1%	4.0%	-7.7%	317	-5.2K	-5	166.64	N/A	N/A	2	2
2021-01-25	$31.59	$30.00	51.2%	14.7%	13.0%	20.7%	0.0%	4.6%	-10.8%	222	-5.5K	-13	173.25	N/A	N/A	0	3
2021-01-26	$31.82	$30.00	51.4%	14.7%	12.2%	20.8%	0.0%	5.8%	-9.9%	220	-5.7K	-13	173.04	N/A	N/A	0	3
2021-01-27	$31.18	$30.00	98.1%	28.1%	14.0%	46.4%	0.0%	21.2%	-22.4%	126	-5.3K	-13	192.16	N/A	N/A	0	3
2021-01-28	$31.53	$30.00	70.9%	20.3%	14.6%	31.5%	0.0%	-34.0%	-25.6%	175	-5.5K	-13	185.69	N/A	N/A	0	3
2021-01-29	$30.94	$30.00	80.6%	23.1%	16.1%	36.9%	0.0%	-8.7%	-22.6%	165	-5.1K	-13	188.35	N/A	N/A	0	3