HEZU Options History — January 2025

In January 2025, HEZU traded between $35.85 and $38.53. ATM implied volatility averaged 34.0%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 23.5% (HV 20d: 10.5%). Max pain ranged from $37.00 to $37.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-16: Highest Volume — 1 contracts
2025-01-15: Largest IV drop — 79.0% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-27: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.28	$35.85	$38.53	$35.93	$38.39
Max Pain	$37.00	$37.00	$37.00	$37.00	$37.00
ATM IV	34.0%	20.0%	95.0%	29.2%	25.2%
Expected Move	7.0%	5.7%	8.8%	8.4%	7.2%
HV 20d	10.5%	7.9%	13.9%	13.9%	8.3%
HV 60d	15.5%	15.0%	15.9%	15.7%	15.0%
IV Rank	33.2%	16.2%	100.0%	29.0%	22.0%
IV Percentile	69.7%	42.9%	100.0%	75.4%	60.3%
Term Structure	-3.8%	-10.2%	5.9%	-1.6%	-4.3%
Skew 25d	2.1%	-1.6%	25.3%	-1.6%	0.5%
Skew 10d	10.7%	-0.1%	30.9%	-0.1%	2.0%
Call IV 25d	26.0%	12.7%	36.8%	36.0%	29.1%
Put IV 25d	28.1%	22.6%	38.0%	34.4%	29.6%
Bid-Ask Spread %	166.44	159.97	181.27	175.38	159.97
Gamma HHI	0.99	0.89	1.00	1.00	1.00
Net GEX	1.8K	1.4K	2.1K	1.6K	1.8K
Net DEX	-21.8K	-28.2K	-14.1K	-14.9K	-27.9K
Net VEX	-43	-52	-30	-52	-30
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	0.05	0	1	0	0
Total OI	10.05	10	11	10	10

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
2025-01-02	$35.93	$0.00	29.2%	8.4%	13.9%	29.0%	0.0%	-1.6%	-1.6%	1.6K	-14.9K	-52	175.38	N/A	N/A	0	10
2025-01-03	$35.85	$0.00	29.3%	8.4%	12.8%	29.2%	0.0%	-0.9%	-10.0%	1.7K	-14.1K	-51	170.27	N/A	N/A	0	10
2025-01-06	$36.34	$37.00	42.3%	6.5%	13.8%	45.0%	0.0%	0.1%	-5.9%	1.7K	-16.6K	-51	170.56	N/A	N/A	0	10
2025-01-07	$36.55	$37.00	48.3%	7.5%	13.6%	52.3%	0.0%	25.3%	-4.3%	1.4K	-18.1K	-51	181.27	N/A	N/A	0	10
2025-01-08	$36.51	$37.00	37.2%	6.8%	13.6%	38.8%	0.0%	1.2%	3.4%	1.8K	-17.4K	-51	168.98	N/A	N/A	0	10
2025-01-10	$36.41	$37.00	41.0%	6.3%	13.3%	43.4%	0.0%	1.3%	-5.0%	1.7K	-16.9K	-49	168.59	N/A	N/A	0	10
2025-01-13	$36.39	$37.00	70.8%	6.4%	11.1%	79.9%	0.0%	1.1%	-4.7%	1.7K	-16.8K	-48	168.89	N/A	N/A	0	10
2025-01-14	$36.45	$37.00	95.0%	7.3%	9.2%	100.0%	0.0%	4.6%	-7.7%	1.8K	-17.0K	-47	166.44	N/A	N/A	0	10
2025-01-15	$36.90	$37.00	20.0%	5.7%	10.2%	16.2%	0.0%	2.0%	-4.0%	1.8K	-19.4K	-47	169.68	N/A	N/A	0	10
2025-01-16	$37.27	$37.00	29.0%	8.3%	10.6%	26.3%	0.0%	1.6%	5.9%	1.7K	-21.3K	-46	166.41	N/A	N/A	1	10
2025-01-17	$37.60	$37.00	20.3%	5.8%	10.8%	16.6%	0.0%	0.1%	-3.2%	2.1K	-26.6K	-44	165.31	N/A	N/A	0	11
2025-01-21	$37.84	$37.00	20.7%	5.9%	9.5%	17.0%	0.0%	-0.3%	-2.4%	1.9K	-24.8K	-40	160.51	N/A	N/A	0	10
2025-01-22	$37.90	$37.00	20.7%	5.9%	9.5%	17.1%	0.0%	5.4%	-2.9%	1.9K	-25.1K	-40	164.78	N/A	N/A	0	10
2025-01-23	$38.19	$37.00	22.1%	6.3%	8.4%	18.6%	0.0%	0.8%	-2.8%	1.8K	-26.7K	-37	162.16	N/A	N/A	0	10
2025-01-24	$38.09	$37.00	21.4%	6.1%	8.6%	17.8%	0.0%	0.4%	-2.1%	1.9K	-26.2K	-37	162.19	N/A	N/A	0	10
2025-01-27	$38.05	$37.00	30.6%	8.8%	8.6%	28.0%	0.0%	-1.2%	-4.5%	1.8K	-25.4K	-36	162.97	N/A	N/A	0	10
2025-01-28	$38.13	$37.00	26.0%	7.4%	8.6%	22.9%	0.0%	2.4%	-5.4%	1.9K	-26.2K	-34	161.72	N/A	N/A	0	10
2025-01-29	$38.26	$37.00	24.1%	6.9%	8.1%	20.9%	0.0%	-0.5%	-5.2%	1.9K	-27.1K	-33	161.86	N/A	N/A	0	10
2025-01-30	$38.53	$37.00	26.9%	7.7%	7.9%	24.0%	0.0%	0.4%	-10.2%	1.7K	-28.2K	-31	160.80	N/A	N/A	0	10
2025-01-31	$38.39	$37.00	25.2%	7.2%	8.3%	22.0%	0.0%	0.5%	-4.3%	1.8K	-27.9K	-30	159.97	N/A	N/A	0	10