HTZ Options History — February 2008

In February 2008, HTZ traded between $51.82 and $65.16. ATM implied volatility averaged 57.8%, placing in the 70.3% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 1.0% (HV 20d: 58.9%). Max pain ranged from $54.30 to $86.88. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.56.

Notable Days

  • 2008-02-21: Highest Volume — 186 contracts
  • 2008-02-14: Largest IV spike — 37.1% change
  • 2008-02-05: Highest IV Rank — 90.1%
  • 2008-02-11: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.53$51.82$65.16$65.16$51.82
Max Pain$73.85$54.30$86.88$54.30$65.16
ATM IV57.8%45.0%69.1%53.5%56.8%
Expected Move17.4%14.8%20.2%15.3%16.3%
HV 20d58.9%50.9%65.2%65.2%53.9%
HV 60d53.0%50.7%57.6%57.3%53.6%
IV Rank70.3%47.7%90.1%62.6%68.4%
IV Percentile84.4%64.3%97.2%81.3%82.9%
Term Structure-2.4%-8.5%7.5%7.5%-0.8%
VWIV58.7%34.7%70.9%53.5%56.8%
Skew 25d3.5%-8.5%12.0%12.0%-8.5%
Skew 10d8.8%-6.5%28.7%17.8%-4.5%
Call IV 25d58.1%50.3%63.1%54.0%50.3%
Put IV 25d61.6%41.8%71.8%66.0%41.8%
Bid-Ask Spread %23.6110.6166.3235.1852.64
Gamma HHI0.470.220.660.460.38
Net GEX-2.2K-30.9K17.6K-14.1K4.9K
Net DEX370.8K-41.9K638.8K313.3K638.8K
Net VEX-4.0K-5.2K-2.8K-4.0K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.001.670.010.07
Total Volume37.801863588
Total OI801.8577893735757

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$65.16$54.3053.5%15.3%65.2%62.6%53.5%12.0%7.5%-14.1K313.3K-4.0K0.0135.18N/AN/A350307428
2008-02-04$62.99$86.8867.2%19.0%62.5%86.8%69.0%9.4%-8.5%-15.8K421.0K-4.1K1.3017.60N/AN/A5166340428
2008-02-05$62.25$86.8869.1%19.1%62.4%90.1%66.6%9.1%-6.7%-15.8K363.2K-5.2K0.0018.32N/AN/A02386483
2008-02-06$62.25$86.8861.1%18.5%57.9%76.0%0.0%7.4%-5.5%-14.6K315.3K-5.0K0.0020.99N/AN/A20386483
2008-02-07$62.77$86.8860.3%18.6%57.7%74.6%0.0%7.7%-7.2%-12.4K271.2K-4.9K0.0019.74N/AN/A00387483
2008-02-08$61.34$86.8860.8%18.8%58.2%75.5%0.0%8.0%-6.1%-18.0K412.7K-4.7K0.0018.59N/AN/A90387483
2008-02-11$59.08$86.8863.5%20.2%59.7%80.3%70.9%8.5%-8.3%-30.9K591.9K-4.2K0.0115.74N/AN/A460380483
2008-02-12$59.56$76.0246.5%19.3%57.9%50.3%67.7%7.4%-5.2%-10.6K321.7K-3.9K1.5716.51N/AN/A12403485
2008-02-13$58.30$76.0245.0%18.9%58.3%47.7%67.3%7.1%-5.4%-19.4K393.6K-3.7K0.1810.79N/AN/A20404487
2008-02-14$61.47$76.0261.7%17.7%61.1%77.1%63.9%4.3%-5.9%4.7K217.6K-3.9K0.2016.07N/AN/A255406487
2008-02-15$60.47$76.0258.7%16.8%60.7%71.7%0.0%5.6%-3.3%-620282.1K-3.7K0.6017.17N/AN/A11405487
2008-02-19$60.99$76.0264.0%18.4%60.3%81.2%63.5%2.7%-3.0%-596366.2K-3.6K0.0212.86N/AN/A1532336241
2008-02-20$62.47$65.1664.9%18.6%55.7%82.7%64.0%3.5%-3.5%17.1K-41.9K-4.7K0.9313.73N/AN/A1716468243
2008-02-21$56.78$65.1657.6%16.5%63.4%69.9%53.8%-3.0%1.9%13.2K429.9K-3.8K0.1110.85N/AN/A16818481258
2008-02-22$56.17$65.1651.9%14.9%62.6%59.7%50.5%-6.9%3.1%17.6K377.3K-4.1K1.1710.61N/AN/A78546261
2008-02-25$55.91$65.1651.6%14.8%61.5%59.3%51.0%-2.9%0.6%10.8K552.4K-3.4K1.2516.21N/AN/A912490264
2008-02-26$57.99$65.1655.9%16.0%56.4%66.8%53.8%2.6%-0.1%15.0K365.0K-3.8K0.4334.70N/AN/A52494265
2008-02-27$57.08$65.1653.8%15.4%51.1%63.1%34.7%0.2%4.4%14.9K348.4K-3.8K0.0047.62N/AN/A00497265
2008-02-28$55.73$65.1652.8%15.1%50.9%61.4%52.8%-4.1%3.7%10.8K477.3K-3.4K1.6766.32N/AN/A12497265
2008-02-29$51.82$65.1656.8%16.3%53.9%68.4%56.8%-8.5%-0.8%4.9K638.8K-2.8K0.0752.64N/AN/A826497260