HEZU Options History — May 2025

In May 2025, HEZU traded between $39.28 and $41.94. ATM implied volatility averaged 32.5%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 4.3% (HV 20d: 36.8%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2025-05-12: Largest IV spike — 113.2% change
  • 2025-05-12: Highest IV Rank — 68.3%
  • 2025-05-01: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.50$39.28$41.94$39.38$41.00
Max Pain$42.00$42.00$42.00$42.00$42.00
ATM IV32.5%19.0%73.1%40.1%29.6%
Expected Move7.2%5.5%11.5%11.5%8.5%
HV 20d36.8%21.3%65.1%65.1%23.8%
HV 60d40.6%39.8%41.6%39.8%41.5%
IV Rank27.1%13.7%68.3%35.0%23.4%
IV Percentile60.2%22.2%98.8%87.7%63.9%
Term Structure-6.1%-21.4%6.3%-8.3%-17.5%
Skew 25d2.2%-7.2%9.1%0.0%7.0%
Skew 10d7.6%0.8%21.4%0.8%2.0%
Call IV 25d24.6%14.0%35.7%35.7%28.9%
Put IV 25d26.8%22.4%36.2%35.8%35.9%
Bid-Ask Spread %158.99155.76165.77157.52157.79
Gamma HHI1.001.001.001.001.00
Net GEX1.6K04.2K2.1K0
Net DEX-8.4K-23.1K0-12.8K0
Net VEX-12-350-350
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI8014140

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$39.38$42.0040.1%11.5%65.1%35.0%0.0%0.0%-8.3%2.1K-12.8K-350.00157.52N/AN/A00140
2025-05-02$39.85$42.0026.8%7.7%63.9%21.6%0.0%1.9%-2.5%2.5K-13.8K-340.00155.76N/AN/A00140
2025-05-05$39.96$0.0030.2%6.5%60.7%25.0%0.0%9.1%-8.4%2.7K-13.2K-310.00160.03N/AN/A00140
2025-05-06$39.34$0.0042.9%7.6%59.6%37.8%0.0%7.2%-13.1%2.1K-10.6K-240.00165.77N/AN/A00140
2025-05-07$39.28$0.0039.6%6.4%58.7%34.5%0.0%6.0%-4.1%2.1K-10.0K-230.00163.42N/AN/A00140
2025-05-08$39.52$0.0036.0%5.9%43.8%30.8%0.0%2.8%-4.1%2.3K-10.7K-220.00162.18N/AN/A00140
2025-05-09$40.21$0.0034.3%5.7%35.3%29.1%0.0%1.5%-2.1%2.9K-14.8K-260.00161.75N/AN/A00140
2025-05-12$40.69$0.0073.1%5.6%33.9%68.3%0.0%3.1%-2.6%2.9K-19.8K-220.00159.44N/AN/A00140
2025-05-13$40.18$0.0061.0%8.0%34.3%56.1%0.0%0.3%-3.7%2.9K-13.4K-160.00157.15N/AN/A00140
2025-05-14$41.25$0.0019.0%5.5%34.1%13.7%0.0%1.7%-1.2%3.6K-23.1K-170.00159.69N/AN/A00140
2025-05-15$40.20$0.0027.6%7.9%34.4%22.4%0.0%6.5%-21.4%2.8K-15.1K-100.00158.55N/AN/A00140
2025-05-16$41.03$0.0023.9%6.9%34.3%18.7%0.0%-0.6%-10.2%4.2K-18.7K-20.00160.08N/AN/A00140
2025-05-19$41.31$0.0020.5%5.9%27.9%15.2%0.0%-0.1%-0.9%0000.00157.92N/AN/A0000
2025-05-20$41.52$0.0019.5%5.6%22.9%14.2%0.0%4.9%4.9%0000.00157.42N/AN/A0000
2025-05-21$41.28$0.0021.9%6.3%21.7%16.7%0.0%0.1%6.3%0000.00156.50N/AN/A0000
2025-05-22$41.94$0.0025.2%7.2%21.3%19.9%0.0%1.4%-2.8%0000.00157.27N/AN/A0000
2025-05-23$40.63$0.0027.7%7.9%24.8%22.5%0.0%1.8%-15.6%0000.00158.18N/AN/A0000
2025-05-27$40.82$0.0023.0%6.6%24.6%16.6%0.0%-0.7%-5.8%0000.00156.47N/AN/A0000
2025-05-28$40.67$0.0029.0%8.3%23.7%22.8%0.0%-7.2%-16.5%0000.00157.13N/AN/A0000
2025-05-29$40.52$0.0030.9%8.9%23.8%24.8%0.0%0.2%0.3%0000.00158.65N/AN/A0000
2025-05-30$41.00$0.0029.6%8.5%23.8%23.4%0.0%7.0%-17.5%0000.00157.79N/AN/A0000