HTZ Options History — July 2008

In July 2008, HTZ traded between $25.72 and $38.44. ATM implied volatility averaged 92.6%, placing in the 80.9% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded below realized volatility by 8.2% (HV 20d: 100.8%). Max pain ranged from $32.58 to $65.16. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 7.57.

Notable Days

  • 2008-07-02: Highest Volume — 324 contracts
  • 2008-07-10: Largest IV spike — 46.5% change
  • 2008-07-14: Highest IV Rank — 100.0%
  • 2008-07-15: Largest Expected Move — 32.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.38$25.72$38.44$36.79$37.05
Max Pain$39.00$32.58$65.16$65.16$32.58
ATM IV92.6%54.8%111.6%55.9%108.0%
Expected Move26.8%16.0%32.0%16.0%31.0%
HV 20d100.8%53.5%128.1%53.5%100.8%
HV 60d71.3%52.1%80.2%52.1%79.6%
IV Rank80.9%39.1%100.0%40.7%95.4%
IV Percentile93.5%61.1%100.0%66.3%98.0%
Term Structure-8.1%-26.0%18.8%18.8%-16.0%
VWIV89.2%53.4%110.5%53.4%103.4%
Skew 25d6.5%-15.8%32.0%-1.9%17.3%
Skew 10d21.4%-36.9%52.7%1.0%32.6%
Call IV 25d87.7%56.2%107.4%66.6%90.5%
Put IV 25d94.2%57.1%112.6%64.7%107.8%
Bid-Ask Spread %31.0920.1849.8033.6130.38
Gamma HHI0.470.330.610.470.45
Net GEX-2.6K-5.1K-572-2.8K-2.2K
Net DEX430.3K-23.0K796.7K687.9K33.6K
Net VEX-3.5K-4.9K-1.4K-2.5K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.570.00153.003.661.00
Total Volume410324410
Total OI835.818566930570903

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$36.79$65.1655.9%16.0%53.5%40.7%53.4%-1.9%18.8%-2.8K687.9K-2.5K3.6633.61N/AN/A932279291
2008-07-02$30.84$65.1663.7%18.3%75.9%52.2%70.5%-15.8%0.7%-1.2K711.3K-1.4K0.7920.68N/AN/A181143281285
2008-07-03$29.97$54.3062.6%17.9%75.1%50.5%59.6%-3.7%1.6%-4.4K796.7K-2.8K0.9724.02N/AN/A77421411
2008-07-07$28.06$54.3054.8%21.1%75.5%39.1%73.4%13.9%-3.1%-3.4K714.6K-2.5K0.8325.92N/AN/A65425389
2008-07-08$30.50$43.4475.3%19.4%85.8%69.1%67.6%32.0%4.8%-4.5K725.4K-2.7K1.2027.88N/AN/A78428383
2008-07-09$28.63$43.4460.6%20.8%85.8%43.4%0.0%-9.3%0.5%-3.5K709.9K-2.6K0.2849.80N/AN/A82433381
2008-07-10$27.19$43.4488.8%25.5%86.1%88.0%88.8%14.4%-10.7%-1.9K706.9K-2.3K0.2622.45N/AN/A3910437379
2008-07-11$25.72$32.5895.5%27.4%84.4%98.6%0.0%1.1%-1.5%-856674.0K-2.2K0.5520.18N/AN/A73478389
2008-07-14$26.67$32.58108.5%31.1%87.2%100.0%0.0%19.3%-26.0%-664670.7K-2.3K0.9224.12N/AN/A22483390
2008-07-15$26.15$32.58111.6%32.0%87.3%100.0%94.6%16.1%-16.6%-572626.9K-2.4K153.0021.59N/AN/A1106486388
2008-07-16$29.24$32.58101.6%29.1%101.2%87.3%102.7%12.7%-11.9%-2.4K639.8K-3.2K0.3331.24N/AN/A3813486436
2008-07-17$33.36$32.58100.7%28.9%115.5%86.1%99.4%12.1%-11.3%-4.2K402.6K-4.3K0.2042.16N/AN/A7315489441
2008-07-18$32.45$32.58110.4%31.6%115.1%98.4%110.5%-9.9%-18.4%-5.1K492.5K-3.9K1.2045.83N/AN/A1013480444
2008-07-21$33.41$32.58105.0%30.1%116.3%91.5%84.9%-11.3%-13.5%-2.7K288.9K-4.1K0.0243.96N/AN/A140425405
2008-07-22$36.10$32.58106.5%30.5%120.9%93.4%106.5%6.5%-10.4%-2.5K180.0K-4.4K0.5024.22N/AN/A147434405
2008-07-23$38.44$32.5899.3%28.5%123.2%84.3%91.3%24.3%-16.1%-2.1K-15.1K-4.9K0.2845.90N/AN/A185437410
2008-07-24$35.06$32.58101.7%29.1%126.6%87.3%102.3%-10.1%-5.7%-2.4K171.2K-4.6K0.1127.65N/AN/A222449413
2008-07-25$36.49$32.58102.7%29.4%126.7%88.6%0.0%3.0%-5.7%-2.3K79.0K-4.7K0.2945.39N/AN/A51445414
2008-07-28$35.93$32.58103.5%29.7%126.7%89.6%104.8%4.5%-9.4%-2.9K161.5K-4.4K0.1025.85N/AN/A232447417
2008-07-29$37.62$32.58111.5%32.0%128.1%99.8%102.4%20.2%-12.4%-1.9K-23.0K-4.9K0.0025.29N/AN/A220465419
2008-07-30$36.66$32.58108.6%31.1%120.4%96.2%103.4%7.1%-15.2%-2.3K31.7K-4.7K0.1525.89N/AN/A182468419
2008-07-31$37.05$32.58108.0%31.0%100.8%95.4%0.0%17.3%-16.0%-2.2K33.6K-4.9K1.0030.38N/AN/A00482421