HTZ Options History — September 2007

In September 2007, HTZ traded between $85.93 and $98.70. ATM implied volatility averaged 39.5%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 9.0% (HV 20d: 30.5%). Max pain ranged from $86.88 to $108.60. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.18.

Notable Days

  • 2007-09-11: Highest Volume — 40 contracts
  • 2007-09-10: Largest IV spike — 14.9% change
  • 2007-09-10: Highest IV Rank — 52.5%
  • 2007-09-18: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.98$85.93$98.70$97.57$98.70
Max Pain$100.60$86.88$108.60$86.88$97.74
ATM IV39.5%35.4%43.5%36.8%37.7%
Expected Move11.3%10.2%12.1%10.6%10.8%
HV 20d30.5%23.3%42.8%42.2%39.0%
HV 60d33.6%31.9%36.3%36.3%36.1%
IV Rank44.3%35.9%52.5%38.8%40.6%
IV Percentile80.9%64.1%93.6%73.8%71.0%
Term Structure1.4%-1.1%5.4%2.7%1.3%
VWIV35.8%24.6%40.6%36.8%38.6%
Skew 25d6.9%2.6%15.6%15.6%12.8%
Skew 10d12.7%4.6%24.6%24.6%22.7%
Call IV 25d36.0%26.5%41.3%26.5%32.2%
Put IV 25d42.9%39.2%45.9%42.0%44.9%
Bid-Ask Spread %51.9320.0779.0620.0761.82
Gamma HHI0.290.230.430.370.26
Net GEX6.0K-10.4K24.6K24.6K-7.0K
Net DEX29.8K-663.9K410.4K-663.9K-173.7K
Net VEX-6.0K-6.5K-5.4K-6.3K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.007.000.000.27
Total Volume12.421040222
Total OI554.316362674580384

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-09-04$97.57$86.8836.8%10.6%42.2%38.8%36.8%15.6%2.7%24.6K-663.9K-6.3K0.0020.07N/AN/A20326254
2007-09-05$95.57$86.8835.5%10.2%42.8%36.2%35.7%9.9%4.4%21.0K-418.3K-6.1K0.0044.72N/AN/A03328254
2007-09-06$95.18$86.8835.4%10.2%33.8%35.9%31.4%10.2%4.3%19.6K-346.7K-6.0K0.0026.75N/AN/A20328254
2007-09-07$93.83$86.8837.8%11.4%28.8%40.9%24.6%5.1%2.5%17.5K-269.3K-5.9K2.1933.82N/AN/A38328254
2007-09-10$91.36$108.6043.5%11.9%30.1%52.5%0.0%4.0%0.6%11.6K6.3K-5.4K0.0047.45N/AN/A300327257
2007-09-11$91.40$108.6042.5%11.0%25.5%50.5%0.0%2.6%5.4%14.3K-69.5K-5.9K1.3345.96N/AN/A1723352257
2007-09-12$88.31$108.6040.2%11.6%27.6%45.7%40.6%6.0%1.7%9.0K237.4K-6.2K0.4857.63N/AN/A52364268
2007-09-13$87.10$108.6040.3%11.6%24.5%46.0%38.1%3.0%1.4%7.2K353.7K-5.8K0.0059.62N/AN/A70361266
2007-09-14$86.45$97.7440.9%11.7%23.5%47.3%0.0%4.3%-0.0%7.5K410.4K-5.6K0.0044.60N/AN/A00361266
2007-09-17$85.93$97.7441.3%11.8%23.3%47.9%25.9%4.9%0.0%7.6K340.4K-5.5K0.0044.14N/AN/A039361251
2007-09-18$88.58$108.6042.2%12.1%24.6%49.9%0.0%5.6%-0.3%4.4K326.2K-5.9K5.0074.18N/AN/A02361285
2007-09-19$92.70$108.6042.1%12.1%30.0%49.6%35.7%9.8%-1.1%4.1K-18.2K-6.0K0.4170.52N/AN/A218361288
2007-09-20$93.44$108.6039.2%11.2%29.0%43.8%39.4%7.3%0.3%4.6K-66.5K-6.2K1.0074.13N/AN/A33374297
2007-09-21$93.44$108.6037.7%10.8%29.0%40.6%38.0%6.4%1.2%3.0K-37.4K-6.3K7.0070.70N/AN/A03374300
2007-09-24$93.27$108.6038.9%11.2%28.9%43.1%39.9%6.2%-0.1%-10.4K175.1K-6.1K0.7371.40N/AN/A97167195
2007-09-25$90.31$97.7439.5%11.3%30.7%44.4%40.1%4.4%0.3%-9.2K318.3K-6.1K0.4379.06N/AN/A52174201
2007-09-26$89.97$97.7440.8%11.7%30.5%46.9%38.6%5.6%0.1%-7.5K400.9K-5.9K0.0029.71N/AN/A30176199
2007-09-27$94.48$97.7437.5%10.7%35.7%40.1%0.0%8.2%1.4%-8.3K61.5K-6.3K0.0030.33N/AN/A70180199
2007-09-28$98.70$97.7437.7%10.8%39.0%40.6%0.0%12.8%1.3%-7.0K-173.7K-6.5K0.2761.82N/AN/A175185199