HEZU Options History — May 2023

In May 2023, HEZU traded between $31.51 and $32.55. ATM implied volatility averaged 29.8%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 18.0% (HV 20d: 11.8%). Max pain ranged from $31.56 to $34.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-05-25: Highest Volume — 5 contracts
2023-05-30: Largest IV spike — 140.8% change
2023-05-30: Highest IV Rank — 37.5%
2023-05-30: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.02	$31.51	$32.55	$32.28	$31.51
Max Pain	$33.67	$31.56	$34.00	$31.56	$34.00
ATM IV	29.8%	10.8%	62.7%	56.2%	60.0%
Expected Move	9.0%	3.1%	18.0%	16.1%	17.2%
HV 20d	11.8%	8.9%	13.0%	8.9%	11.9%
HV 60d	15.0%	14.5%	15.3%	14.7%	15.0%
IV Rank	13.3%	0.0%	37.5%	32.4%	35.4%
IV Percentile	30.4%	0.0%	88.1%	81.3%	85.7%
Term Structure	-0.5%	-19.1%	20.3%	-19.1%	-10.9%
Skew 25d	28.4%	-9.8%	70.7%	37.9%	70.7%
Skew 10d	33.5%	-31.6%	119.1%	119.1%	65.4%
Call IV 25d	24.8%	12.9%	50.8%	37.3%	49.3%
Put IV 25d	53.2%	9.2%	120.0%	75.2%	120.0%
Bid-Ask Spread %	134.88	103.10	167.66	127.23	167.66
Gamma HHI	0.46	0.36	0.67	0.40	0.51
Net GEX	849	8	1.8K	1.0K	1.4K
Net DEX	-9.9K	-20.5K	-2.9K	-8.0K	-18.4K
Net VEX	-67	-93	-37	-71	-90
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	0.227	0	5	0	0
Total OI	16.045	14	19	16	19

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	Put OI
2023-05-01	$32.28	$31.56	56.2%	16.1%	8.9%	32.4%	0.0%	37.9%	-19.1%	1.0K	-8.0K	-71	127.23	N/A	N/A	0	14	2
2023-05-02	$31.76	$31.56	12.3%	3.5%	10.9%	0.6%	0.0%	39.3%	17.2%	586	-6.6K	-67	128.48	N/A	N/A	0	14	2
2023-05-03	$31.72	$31.56	12.2%	3.5%	10.8%	0.5%	0.0%	28.1%	7.7%	233	-9.4K	-80	134.61	N/A	N/A	0	14	2
2023-05-04	$31.63	$34.00	12.6%	11.4%	10.8%	0.9%	0.0%	41.5%	-12.0%	120	-9.3K	-77	160.26	N/A	N/A	0	14	2
2023-05-05	$32.13	$34.00	16.3%	4.8%	12.0%	3.5%	0.0%	9.4%	6.6%	809	-8.9K	-70	129.82	N/A	N/A	0	14	2
2023-05-08	$32.14	$34.00	25.5%	6.4%	11.9%	10.2%	0.0%	32.1%	-0.3%	498	-4.9K	-50	125.82	N/A	N/A	0	14	2
2023-05-09	$31.99	$34.00	12.5%	6.1%	12.1%	0.8%	0.0%	15.6%	-5.6%	225	-11.6K	-80	113.95	N/A	N/A	0	14	2
2023-05-10	$31.91	$34.00	22.3%	6.4%	12.1%	7.9%	0.0%	22.8%	5.7%	225	-8.8K	-68	121.28	N/A	N/A	0	14	2
2023-05-11	$31.93	$34.00	47.6%	13.7%	11.8%	26.2%	0.0%	39.8%	-6.5%	8	-11.4K	-75	139.80	N/A	N/A	0	14	2
2023-05-12	$32.02	$34.00	16.9%	4.8%	11.8%	4.0%	0.0%	49.8%	3.6%	544	-2.9K	-44	139.39	N/A	N/A	0	14	2
2023-05-15	$32.14	$34.00	35.8%	10.3%	11.8%	17.6%	0.0%	31.4%	-10.1%	691	-10.7K	-74	124.13	N/A	N/A	0	14	2
2023-05-16	$31.98	$34.00	33.4%	9.6%	11.8%	15.9%	0.0%	15.1%	-14.9%	357	-7.5K	-60	135.71	N/A	N/A	0	14	2
2023-05-17	$32.20	$34.00	38.9%	11.1%	12.0%	19.9%	0.0%	47.2%	9.1%	973	-7.3K	-63	143.37	N/A	N/A	0	14	2
2023-05-18	$32.41	$34.00	15.8%	4.5%	12.0%	3.2%	0.0%	-6.5%	13.6%	1.8K	-10.0K	-63	103.10	N/A	N/A	0	14	2
2023-05-19	$32.55	$34.00	30.0%	8.6%	11.9%	13.4%	0.0%	31.1%	-2.7%	1.3K	-13.3K	-68	143.68	N/A	N/A	0	14	2
2023-05-22	$32.53	$34.00	46.4%	13.3%	12.0%	25.4%	0.0%	43.8%	-3.7%	1.4K	-13.8K	-72	147.76	N/A	N/A	0	14	0
2023-05-23	$32.16	$34.00	20.0%	5.7%	12.0%	6.2%	0.0%	3.0%	20.3%	1.4K	-6.7K	-46	105.11	N/A	N/A	0	14	0
2023-05-24	$31.69	$34.00	40.3%	11.6%	13.0%	20.9%	0.0%	-5.1%	-10.9%	1.1K	-8.2K	-51	136.99	N/A	N/A	0	14	0
2023-05-25	$31.79	$34.00	10.8%	3.1%	12.1%	0.0%	0.0%	-9.8%	8.6%	1.0K	-5.1K	-37	125.01	N/A	N/A	5	14	0
2023-05-26	$32.11	$34.00	26.1%	7.5%	12.7%	11.0%	0.0%	19.8%	5.0%	1.7K	-15.6K	-85	152.15	N/A	N/A	0	19	0
2023-05-30	$31.81	$34.00	62.7%	18.0%	12.8%	37.5%	0.0%	67.8%	-10.9%	1.4K	-20.5K	-93	162.10	N/A	N/A	0	19	0
2023-05-31	$31.51	$34.00	60.0%	17.2%	11.9%	35.4%	0.0%	70.7%	-10.9%	1.4K	-18.4K	-90	167.66	N/A	N/A	0	19	0