HEZU Options History — January 2023

In January 2023, HEZU traded between $28.55 and $30.84. ATM implied volatility averaged 50.7%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 33.7% (HV 20d: 16.9%). Max pain ranged from $31.56 to $31.56. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-01-10: Highest Volume — 15 contracts
2023-01-17: Largest IV spike — 93.1% change
2023-01-04: Highest IV Rank — 50.8%
2023-01-04: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.21	$28.55	$30.84	$28.55	$30.79
Max Pain	$31.56	$31.56	$31.56	$31.56	$31.56
ATM IV	50.7%	27.2%	71.4%	67.2%	62.0%
Expected Move	13.0%	7.3%	20.5%	19.3%	17.8%
HV 20d	16.9%	13.0%	19.6%	17.4%	13.0%
HV 60d	39.7%	39.3%	40.1%	40.1%	39.3%
IV Rank	32.0%	10.9%	50.8%	47.0%	42.2%
IV Percentile	75.2%	18.3%	96.0%	94.8%	91.7%
Term Structure	-6.4%	-24.4%	18.1%	-6.1%	2.3%
VWIV	19.4%	19.4%	19.4%	19.4%	19.4%
Skew 25d	48.5%	32.8%	70.9%	63.0%	70.9%
Skew 10d	60.1%	42.1%	89.8%	73.3%	76.5%
Call IV 25d	35.2%	19.3%	57.1%	48.5%	34.6%
Put IV 25d	83.7%	63.5%	116.2%	111.6%	105.5%
Bid-Ask Spread %	138.32	124.64	168.52	168.52	135.69
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	1.8K	506	4.2K	704	2.7K
Net DEX	-12.3K	-28.0K	2.5K	-1.7K	-13.5K
Net VEX	-52	-90	-18	-30	-50
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	0.75	0	15	0	0
Total OI	19.65	13	28	13	17

Daily Data (20 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	Put OI
2023-01-03	$28.55	$31.56	67.2%	19.3%	17.4%	47.0%	0.0%	63.0%	-6.1%	704	-1.7K	-30	168.52	N/A	N/A	0	11	2
2023-01-04	$29.12	$31.56	71.4%	20.5%	18.6%	50.8%	0.0%	59.1%	-20.5%	678	-2.5K	-31	162.34	N/A	N/A	0	11	2
2023-01-05	$29.18	$0.00	38.0%	8.8%	18.6%	20.7%	0.0%	39.1%	-4.4%	637	1.4K	-22	128.79	N/A	N/A	0	11	2
2023-01-06	$29.66	$0.00	65.7%	7.3%	19.4%	45.7%	0.0%	32.8%	-8.0%	506	-9.5K	-37	138.49	N/A	N/A	0	11	2
2023-01-09	$29.76	$0.00	65.3%	12.9%	19.4%	45.4%	0.0%	41.2%	-24.4%	1.2K	-3.3K	-30	133.57	N/A	N/A	0	11	2
2023-01-10	$29.91	$0.00	69.5%	8.4%	19.4%	49.1%	19.4%	49.5%	7.5%	687	2.5K	-18	129.69	N/A	N/A	15	11	2
2023-01-11	$30.17	$31.56	27.7%	7.9%	19.6%	11.4%	0.0%	47.9%	-4.1%	2.7K	-16.7K	-78	128.00	N/A	N/A	0	26	2
2023-01-12	$30.41	$31.56	47.1%	13.5%	19.5%	28.9%	0.0%	32.8%	-7.9%	2.7K	-28.0K	-90	139.95	N/A	N/A	0	26	2
2023-01-13	$30.62	$31.56	27.2%	7.8%	19.3%	10.9%	0.0%	37.3%	-2.4%	3.0K	-25.6K	-82	124.64	N/A	N/A	0	26	2
2023-01-17	$30.66	$31.56	52.4%	15.0%	16.2%	33.8%	0.0%	40.2%	-19.8%	2.2K	-27.6K	-73	139.02	N/A	N/A	0	26	2
2023-01-18	$30.57	$31.56	39.3%	11.3%	15.7%	21.9%	0.0%	33.2%	-11.1%	4.2K	-15.9K	-65	138.19	N/A	N/A	0	26	2
2023-01-19	$30.23	$31.56	30.4%	8.7%	16.5%	13.6%	0.0%	49.0%	10.8%	2.0K	-26.9K	-69	139.59	N/A	N/A	0	26	2
2023-01-20	$30.41	$31.56	34.8%	10.0%	16.5%	17.6%	0.0%	49.3%	18.1%	2.0K	-8.4K	-54	134.56	N/A	N/A	0	26	2
2023-01-23	$30.59	$31.56	53.9%	15.4%	16.1%	34.8%	0.0%	47.7%	-7.2%	1.4K	-12.1K	-56	147.44	N/A	N/A	0	15	2
2023-01-24	$30.57	$31.56	56.6%	16.2%	15.2%	37.3%	0.0%	52.5%	-8.7%	1.5K	-11.0K	-54	139.44	N/A	N/A	0	15	2
2023-01-25	$30.68	$31.56	41.3%	11.8%	14.9%	23.4%	0.0%	57.1%	-9.9%	2.0K	-8.3K	-48	137.24	N/A	N/A	0	15	2
2023-01-26	$30.81	$31.56	60.9%	17.5%	14.9%	41.2%	0.0%	49.8%	-16.7%	1.8K	-11.3K	-51	135.25	N/A	N/A	0	15	2
2023-01-27	$30.84	$31.56	51.2%	14.7%	14.2%	32.4%	0.0%	64.3%	5.8%	1.4K	-17.7K	-58	137.31	N/A	N/A	0	15	2
2023-01-30	$30.63	$31.56	51.2%	14.7%	14.4%	32.5%	0.0%	53.0%	-20.8%	1.7K	-10.9K	-48	128.63	N/A	N/A	0	15	2
2023-01-31	$30.79	$31.56	62.0%	17.8%	13.0%	42.2%	0.0%	70.9%	2.3%	2.7K	-13.5K	-50	135.69	N/A	N/A	0	15	2