HTZ Options History — August 2008

In August 2008, HTZ traded between $35.88 and $41.31. ATM implied volatility averaged 74.4%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 1.1% (HV 20d: 73.4%). Max pain ranged from $32.58 to $54.30. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.84.

Notable Days

  • 2008-08-07: Highest Volume — 107 contracts
  • 2008-08-08: Largest IV drop — 52.7% change
  • 2008-08-01: Highest IV Rank — 90.4%
  • 2008-08-01: Largest Expected Move — 29.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.57$35.88$41.31$37.62$41.31
Max Pain$46.54$32.58$54.30$32.58$43.44
ATM IV74.4%45.4%104.1%104.1%61.9%
Expected Move22.1%17.5%29.9%29.9%17.7%
HV 20d73.4%52.3%99.8%99.8%52.5%
HV 60d81.5%79.4%82.5%79.6%82.5%
IV Rank52.6%15.6%90.4%90.4%36.7%
IV Percentile80.4%20.6%96.8%96.8%68.7%
Term Structure0.2%-9.5%7.7%-7.6%5.8%
VWIV75.3%60.2%99.9%99.9%61.9%
Skew 25d16.7%-1.1%29.4%10.1%-1.1%
Skew 10d24.9%1.6%45.8%32.6%1.6%
Call IV 25d69.0%55.5%94.9%94.9%55.9%
Put IV 25d85.7%54.7%104.9%104.9%54.7%
Bid-Ask Spread %25.0915.4751.9726.5432.56
Gamma HHI0.340.270.480.460.38
Net GEX237-2.8K2.1K-2.3K604
Net DEX-15.4K-156.1K254.8K24.4K-156.1K
Net VEX-4.6K-5.1K-3.9K-4.8K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.009.610.002.00
Total Volume22.333210723
Total OI892.571785976901895

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$37.62$32.58104.1%29.9%99.8%90.4%99.9%10.1%-7.6%-2.3K24.4K-4.8K0.0026.54N/AN/A20481420
2008-08-04$36.23$54.3095.0%27.1%97.4%78.8%94.9%17.9%-9.5%-2.8K68.7K-4.5K0.0051.97N/AN/A06483420
2008-08-05$39.36$54.3083.1%23.2%97.3%63.7%81.1%20.0%-6.6%-1.8K-122.5K-4.8K5.3019.62N/AN/A628483418
2008-08-06$38.58$54.3072.2%22.8%94.0%49.8%0.0%21.3%-4.1%-1.5K-38.2K-4.6K2.5333.71N/AN/A717485407
2008-08-07$39.14$54.3095.9%24.4%90.7%80.0%85.9%12.6%-6.8%-531-150.5K-4.8K0.9334.18N/AN/A5552490413
2008-08-08$38.84$54.3045.4%22.2%87.0%15.6%77.1%11.6%-0.5%946-100.1K-4.8K9.6142.28N/AN/A540531445
2008-08-11$39.10$54.3052.2%21.5%87.0%24.3%75.1%14.3%1.6%949-134.4K-4.6K1.5222.34N/AN/A710528420
2008-08-12$38.36$54.3071.8%22.6%86.9%49.3%79.0%26.5%-0.7%752-89.1K-4.7K0.0015.50N/AN/A20528429
2008-08-13$36.88$43.4486.9%26.0%82.0%68.4%74.0%15.9%-6.5%-83251.8K-4.3K0.2220.86N/AN/A286532427
2008-08-14$38.79$43.4471.6%20.5%70.4%49.0%72.3%25.9%5.1%1.4K-98.5K-4.5K0.0017.91N/AN/A02541425
2008-08-15$38.62$43.4473.7%21.1%69.4%51.7%73.3%29.4%1.2%1.5K-136.1K-4.6K0.5015.47N/AN/A21541425
2008-08-18$38.27$43.4472.0%20.6%69.2%49.5%77.0%16.1%5.2%759123.4K-4.3K5.0018.66N/AN/A16460325
2008-08-19$35.88$43.4480.7%23.1%68.3%60.5%80.6%7.1%7.7%51254.8K-3.9K1.8721.89N/AN/A714462330
2008-08-20$36.66$43.4487.1%25.0%64.7%68.7%69.4%15.4%-1.4%175209.4K-4.0K0.0020.89N/AN/A03468336
2008-08-21$37.40$43.4477.0%22.1%55.6%55.9%0.0%11.9%7.1%-268201.0K-4.1K0.0018.22N/AN/A280468338
2008-08-22$38.75$43.4468.5%19.7%55.2%45.1%69.4%15.0%2.1%1.4K43.4K-4.4K1.0619.60N/AN/A2122496338
2008-08-25$39.40$43.4468.8%19.7%55.0%45.4%69.4%14.5%0.0%1.6K-1.7K-4.7K0.3021.01N/AN/A319512355
2008-08-26$40.27$43.4468.2%19.5%53.2%44.6%68.3%26.3%2.1%2.1K-84.4K-5.1K0.0024.22N/AN/A80534364
2008-08-27$39.92$43.4465.8%18.9%52.3%41.7%60.2%22.3%3.5%2.1K-95.7K-5.0K0.3820.69N/AN/A249539361
2008-08-28$40.57$43.4461.1%17.5%52.4%35.6%61.1%18.3%7.3%727-92.6K-4.9K2.0028.69N/AN/A25520371
2008-08-29$41.31$43.4461.9%17.7%52.5%36.7%61.9%-1.1%5.8%604-156.1K-5.0K2.0032.56N/AN/A12521374