HEZU Options History — January 2024

In January 2024, HEZU traded between $32.41 and $34.00. ATM implied volatility averaged 20.7%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 10.7% (HV 20d: 10.1%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.87.

Notable Days

2024-01-30: Highest Volume — 28 contracts
2024-01-03: Largest IV drop — 66.3% change
2024-01-02: Highest IV Rank — 35.3%
2024-01-02: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.12	$32.41	$34.00	$33.08	$33.80
Max Pain	$33.00	$33.00	$33.00	$33.00	$33.00
ATM IV	20.7%	12.8%	58.2%	58.2%	20.7%
Expected Move	5.5%	2.0%	16.7%	16.7%	5.9%
HV 20d	10.1%	8.1%	11.4%	8.1%	11.3%
HV 60d	10.6%	9.4%	11.4%	11.2%	9.4%
IV Rank	8.7%	3.1%	35.3%	35.3%	8.7%
IV Percentile	25.4%	12.3%	81.0%	81.0%	27.8%
Term Structure	-0.1%	-8.0%	4.0%	-8.0%	-1.2%
Skew 25d	5.2%	-28.0%	21.8%	-28.0%	19.1%
Skew 10d	4.2%	-13.5%	23.2%	-11.8%	4.2%
Call IV 25d	13.4%	6.2%	40.8%	40.8%	12.3%
Put IV 25d	18.6%	9.4%	31.7%	12.8%	31.4%
Bid-Ask Spread %	138.79	126.79	169.23	169.23	131.84
Gamma HHI	0.57	0.29	0.95	0.50	0.29
Net GEX	-6.6K	-9.8K	-1.8K	-1.8K	-4.3K
Net DEX	23.2K	2.1K	43.5K	35.2K	8.0K
Net VEX	-80	-227	-10	-117	-227
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.87	0.87	0.87	0.87
Total Volume	2.524	0	28	0	25
Total OI	27.333	26	54	26	54

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$33.08	$0.00	58.2%	16.7%	8.1%	35.3%	0.0%	-28.0%	-8.0%	-1.8K	35.2K	-117	0.00	169.23	N/A	N/A	0	0	0	26
2024-01-03	$32.75	$0.00	19.6%	5.6%	8.9%	7.9%	0.0%	-0.4%	0.4%	-7.2K	32.8K	-106	0.00	137.73	N/A	N/A	0	0	0	26
2024-01-04	$32.86	$33.00	30.9%	6.2%	8.9%	16.0%	0.0%	-8.2%	-3.8%	-6.4K	29.7K	-103	0.00	150.83	N/A	N/A	0	0	0	26
2024-01-05	$32.81	$33.00	18.9%	4.1%	8.8%	7.4%	0.0%	10.2%	4.0%	-9.4K	24.8K	-87	0.00	135.23	N/A	N/A	0	0	0	26
2024-01-08	$33.13	$33.00	22.1%	6.1%	9.4%	9.7%	0.0%	7.4%	-4.4%	-7.3K	24.0K	-85	0.00	139.66	N/A	N/A	0	0	0	26
2024-01-09	$32.86	$33.00	21.6%	2.0%	9.2%	9.4%	0.0%	-4.9%	1.3%	-8.7K	25.7K	-85	0.00	132.39	N/A	N/A	0	0	0	26
2024-01-10	$32.95	$33.00	16.4%	4.7%	9.2%	5.7%	0.0%	10.4%	1.4%	-7.7K	24.4K	-84	0.00	137.63	N/A	N/A	0	0	0	26
2024-01-11	$32.89	$33.00	15.9%	4.6%	9.2%	5.3%	0.0%	4.8%	2.3%	-8.2K	27.3K	-88	0.00	139.34	N/A	N/A	0	0	0	26
2024-01-12	$33.00	$33.00	17.3%	5.0%	9.0%	6.3%	0.0%	7.8%	-1.9%	-7.5K	28.2K	-90	0.00	131.45	N/A	N/A	0	0	0	26
2024-01-16	$32.64	$33.00	17.3%	5.0%	9.7%	6.3%	0.0%	-0.8%	-1.1%	-8.6K	38.5K	-88	0.00	135.22	N/A	N/A	0	0	0	26
2024-01-17	$32.41	$33.00	12.8%	3.7%	9.9%	3.1%	0.0%	8.0%	-1.0%	-8.6K	43.5K	-87	0.00	134.76	N/A	N/A	0	0	0	26
2024-01-18	$32.84	$33.00	16.9%	4.8%	11.2%	6.0%	0.0%	8.2%	2.9%	-9.8K	25.7K	-72	0.00	137.73	N/A	N/A	0	0	0	26
2024-01-19	$32.89	$33.00	18.1%	5.2%	11.0%	6.8%	0.0%	10.8%	2.3%	-8.4K	26.5K	-75	0.00	126.79	N/A	N/A	0	0	0	26
2024-01-22	$32.92	$33.00	17.3%	5.0%	10.6%	6.3%	0.0%	11.1%	1.0%	-9.5K	21.2K	-59	0.00	133.09	N/A	N/A	0	0	0	26
2024-01-23	$32.92	$33.00	23.5%	6.7%	10.2%	10.7%	0.0%	-14.2%	-0.6%	-5.6K	31.7K	-79	0.00	145.26	N/A	N/A	0	0	0	26
2024-01-24	$33.39	$33.00	15.5%	4.4%	11.1%	5.0%	0.0%	-12.4%	-2.0%	-5.5K	22.8K	-68	0.00	148.91	N/A	N/A	0	0	0	26
2024-01-25	$33.63	$33.00	19.1%	5.5%	11.3%	7.5%	0.0%	20.0%	0.3%	-5.0K	7.1K	-27	0.00	136.60	N/A	N/A	0	0	0	26
2024-01-26	$33.86	$33.00	17.0%	4.9%	11.4%	6.1%	0.0%	20.7%	2.0%	-2.5K	2.1K	-11	0.00	134.07	N/A	N/A	0	0	0	26
2024-01-29	$33.97	$33.00	16.3%	4.7%	11.4%	5.6%	0.0%	16.8%	-0.1%	-3.6K	5.6K	-23	0.00	137.38	N/A	N/A	0	0	0	26
2024-01-30	$34.00	$33.00	19.6%	5.6%	11.4%	7.9%	0.0%	21.8%	3.4%	-2.3K	2.3K	-10	0.87	139.36	N/A	N/A	15	13	0	26
2024-01-31	$33.80	$33.00	20.7%	5.9%	11.3%	8.7%	0.0%	19.1%	-1.2%	-4.3K	8.0K	-227	0.00	131.84	N/A	N/A	0	25	15	39