HEZU Options History — September 2025

In September 2025, HEZU traded between $40.41 and $42.09. ATM implied volatility averaged 10.6%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 6.4% (HV 20d: 17.0%). Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 13 of 21 days.

Notable Days

  • 2025-09-05: Largest IV spike — 188.3% change
  • 2025-09-02: Highest IV Rank — 17.3%
  • 2025-09-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.23$40.41$42.09$40.61$41.95
ATM IV10.6%7.3%25.5%25.5%8.3%
Expected Move2.9%2.1%7.3%7.3%2.4%
HV 20d17.0%13.6%21.4%21.3%13.6%
HV 60d17.3%16.9%17.7%17.5%17.1%
IV Rank3.0%0.0%17.3%17.3%0.9%
IV Percentile5.4%0.0%37.3%37.3%3.2%
Term Structure-1.1%-12.7%1.0%-12.7%-0.3%
Skew 25d0.9%-20.3%8.2%4.4%-20.3%
Skew 10d2.6%-7.8%26.2%5.7%6.8%
Call IV 25d11.1%6.7%31.2%27.6%31.2%
Put IV 25d12.0%7.8%34.3%32.0%10.9%
Bid-Ask Spread %149.80134.63170.35170.35145.81
Gamma HHI1.001.001.001.001.00
Net GEX3.0K-2296.3K-2083.3K
Net DEX-7.3K-27.0K3.6K3.5K-22.9K
Net VEX-59-116-3-4-99
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI11.714116116

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$40.61$0.0025.5%7.3%21.3%17.3%0.0%4.4%-12.7%-2083.5K-40.00170.35N/AN/A0001
2025-09-03$40.41$0.0018.7%5.4%21.3%10.1%0.0%8.2%-8.4%-1863.4K-50.00169.24N/AN/A0001
2025-09-04$40.64$0.008.5%2.3%21.4%0.0%0.0%2.2%0.3%-2123.4K-50.00166.44N/AN/A0001
2025-09-05$40.45$0.0024.4%4.5%19.5%16.6%0.0%7.4%-3.8%-1833.6K-40.00160.12N/AN/A0001
2025-09-08$40.84$0.008.7%2.3%19.8%0.3%0.0%0.6%0.2%-2293.5K-40.00145.64N/AN/A0001
2025-09-09$40.84$0.0011.9%2.3%18.9%3.6%0.0%1.6%0.0%-2253.6K-30.00151.64N/AN/A0001
2025-09-10$40.96$0.008.1%2.3%18.9%0.0%0.0%1.8%0.3%3.5K-6.4K-680.00144.28N/AN/A00151
2025-09-11$41.12$0.007.6%2.2%17.3%0.0%0.0%1.2%0.7%3.9K-7.1K-770.00144.27N/AN/A00151
2025-09-12$41.81$0.007.4%2.1%16.0%0.0%0.0%1.9%0.9%1.8K-27.0K-1160.00146.66N/AN/A00151
2025-09-15$42.09$0.007.4%2.1%15.4%0.0%0.0%2.7%0.9%6.3K-19.3K-1050.00141.49N/AN/A00151
2025-09-16$41.05$0.008.0%2.3%17.8%0.6%0.0%1.5%0.0%3.6K-4.5K-600.00146.35N/AN/A00151
2025-09-17$40.97$0.008.7%2.5%17.7%1.4%0.0%0.3%-0.0%3.4K-5.7K-640.00150.56N/AN/A00151
2025-09-18$41.31$0.009.2%2.6%17.4%1.8%0.0%0.9%-1.1%4.3K-8.0K-710.00152.13N/AN/A00151
2025-09-19$41.50$0.0011.7%3.4%16.6%4.4%0.0%0.2%-1.1%4.3K-13.6K-950.00151.64N/AN/A00151
2025-09-22$41.34$0.008.1%2.3%14.5%0.7%0.0%0.6%0.1%4.3K-7.8K-680.00145.40N/AN/A00151
2025-09-23$41.48$0.009.3%2.7%14.6%2.0%0.0%1.1%0.5%4.4K-11.8K-860.00146.46N/AN/A00151
2025-09-24$41.48$0.008.3%2.4%14.0%0.9%0.0%-0.3%0.4%4.8K-8.4K-750.00144.31N/AN/A00151
2025-09-25$41.27$0.008.8%2.5%13.9%1.4%0.0%0.3%-0.5%4.1K-6.6K-670.00143.96N/AN/A00151
2025-09-26$41.79$0.007.4%2.1%14.3%0.0%0.0%2.0%1.0%5.7K-12.6K-860.00134.63N/AN/A00151
2025-09-29$41.84$0.007.3%2.1%13.8%0.0%0.0%0.4%0.4%6.0K-12.7K-830.00144.51N/AN/A00151
2025-09-30$41.95$0.008.3%2.4%13.6%0.9%0.0%-20.3%-0.3%3.3K-22.9K-990.00145.81N/AN/A00151