HTZ Options History — April 2008

In April 2008, HTZ traded between $49.13 and $58.47. ATM implied volatility averaged 59.5%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 5.8% (HV 20d: 53.7%). Max pain ranged from $43.44 to $54.30. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.07.

Notable Days

  • 2008-04-23: Highest Volume — 139 contracts
  • 2008-04-24: Largest IV drop — 16.9% change
  • 2008-04-04: Highest IV Rank — 56.8%
  • 2008-04-15: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.64$49.13$58.47$54.52$55.86
Max Pain$45.42$43.44$54.30$54.30$54.30
ATM IV59.5%51.0%65.7%59.7%51.0%
Expected Move17.3%14.6%18.8%17.1%14.6%
HV 20d53.7%48.5%60.0%60.0%55.1%
HV 60d57.6%56.2%59.8%59.8%56.2%
IV Rank49.6%35.7%56.8%53.2%35.7%
IV Percentile78.4%52.8%89.7%82.5%52.8%
Term Structure-0.5%-5.2%7.1%3.4%3.4%
VWIV56.9%37.0%65.2%37.2%37.0%
Skew 25d5.3%-5.5%11.6%7.9%2.3%
Skew 10d9.2%-10.8%24.6%24.6%17.4%
Call IV 25d57.1%49.0%68.8%56.6%51.8%
Put IV 25d62.5%54.0%65.7%64.5%54.0%
Bid-Ask Spread %37.0419.1954.5919.8647.27
Gamma HHI0.340.270.460.320.35
Net GEX9.8K1.3K16.2K8.1K15.9K
Net DEX-358.8K-703.6K-39.2K-238.2K-565.5K
Net VEX-4.0K-4.5K-3.2K-4.3K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.007.751.001.11
Total Volume17.727013945
Total OI660.727542740660635

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$54.52$54.3059.7%17.1%60.0%53.2%37.2%7.9%3.4%8.1K-238.2K-4.3K1.0019.86N/AN/A22404256
2008-04-02$55.60$54.3057.6%16.5%55.7%50.5%0.0%6.3%7.1%9.6K-357.1K-4.4K0.0036.67N/AN/A80404257
2008-04-03$55.52$54.3058.7%16.8%55.4%51.9%57.3%11.0%3.1%10.3K-359.3K-4.3K0.0039.12N/AN/A120410257
2008-04-04$56.69$43.4462.5%18.7%54.5%56.8%58.4%11.6%-3.7%9.3K-369.0K-4.2K0.1732.90N/AN/A20401257
2008-04-07$58.47$43.4452.5%18.5%54.6%44.1%64.2%6.4%-2.3%13.1K-580.6K-4.2K0.0523.29N/AN/A472399258
2008-04-08$58.25$43.4455.4%18.0%49.0%47.7%61.7%5.8%-3.4%16.2K-676.2K-4.5K0.0436.86N/AN/A60440260
2008-04-09$55.39$43.4462.0%17.8%52.9%56.2%64.3%4.0%-1.3%8.5K-367.4K-4.3K1.5338.25N/AN/A1422436260
2008-04-10$56.21$43.4461.6%17.7%53.0%55.6%0.0%9.8%3.1%8.6K-455.1K-4.3K0.0030.33N/AN/A60443268
2008-04-11$54.43$43.4460.7%17.4%54.9%49.4%40.1%4.8%0.9%5.1K-284.2K-4.3K0.0040.77N/AN/A50449268
2008-04-14$53.74$43.4465.3%18.7%54.8%55.9%0.0%3.3%-2.4%1.3K-213.9K-4.0K0.0031.84N/AN/A00453268
2008-04-15$51.78$43.4465.7%18.8%53.0%56.5%65.2%0.5%-5.2%2.9K-50.8K-3.8K0.0547.33N/AN/A211453268
2008-04-16$52.91$43.4463.3%18.1%51.3%53.0%0.0%5.5%-4.1%6.5K-187.6K-3.9K0.0045.57N/AN/A00471268
2008-04-17$53.56$43.4462.4%17.9%51.3%51.9%62.4%7.9%-2.7%4.4K-188.9K-3.8K7.5044.65N/AN/A03471268
2008-04-18$56.43$43.4462.1%17.8%52.0%51.4%63.1%4.8%-5.2%10.1K-703.6K-3.9K0.4554.59N/AN/A229471269
2008-04-21$55.04$43.4462.4%17.9%50.0%51.9%62.3%4.7%-0.6%12.6K-381.4K-3.6K0.0041.81N/AN/A10344198
2008-04-22$51.78$43.4462.3%17.9%48.5%51.7%62.3%-5.5%-0.6%9.8K-222.0K-3.5K0.3335.25N/AN/A72344198
2008-04-23$49.13$43.4464.1%18.4%50.9%54.2%65.0%4.5%-4.4%7.8K-39.2K-3.2K0.2930.43N/AN/A10831345200
2008-04-24$52.17$43.4453.3%15.3%55.7%38.9%53.2%3.0%2.1%13.8K-301.1K-3.9K7.7548.10N/AN/A329394208
2008-04-25$53.17$43.4455.1%15.8%56.1%41.4%0.0%3.3%0.2%11.8K-320.8K-4.0K0.0049.93N/AN/A70395227
2008-04-28$55.04$43.4456.5%16.2%56.7%43.5%56.5%5.9%-0.2%14.6K-468.9K-3.9K0.1519.19N/AN/A81401227
2008-04-29$56.30$43.4454.6%15.7%55.5%40.8%37.0%9.8%1.6%15.4K-563.0K-4.0K1.1120.81N/AN/A22405228
2008-04-30$55.86$54.3051.0%14.6%55.1%35.7%0.0%2.3%3.4%15.9K-565.5K-3.9K0.0047.27N/AN/A05405230