HTZ Options History — December 2008

In December 2008, HTZ traded between $11.86 and $22.02. ATM implied volatility averaged 164.2%, placing in the 59.1% IV rank vs the trailing year. The 30-day expected move averaged 46.9%. IV traded below realized volatility by 83.3% (HV 20d: 247.5%). Max pain ranged from $10.86 to $21.72. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.58.

Notable Days

  • 2008-12-09: Highest Volume — 88 contracts
  • 2008-12-30: Largest IV spike — 47.6% change
  • 2008-12-03: Highest IV Rank — 92.5%
  • 2008-12-03: Largest Expected Move — 68.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.46$11.86$22.02$11.86$22.02
Max Pain$16.29$10.86$21.72$21.72$10.86
ATM IV164.2%82.0%238.1%229.0%127.3%
Expected Move46.9%23.5%68.3%65.7%36.5%
HV 20d247.5%97.8%314.1%304.8%103.9%
HV 60d209.7%208.1%213.3%208.6%213.3%
IV Rank59.1%22.1%92.5%88.4%42.5%
IV Percentile88.5%63.1%99.2%99.2%82.5%
Term Structure-13.9%-65.6%59.1%-54.7%-13.7%
VWIV127.2%67.6%164.6%131.5%127.3%
Skew 25d22.3%-5.4%84.3%84.3%6.8%
Skew 10d48.4%0.5%81.5%72.0%20.3%
Call IV 25d133.7%80.0%237.8%141.5%89.4%
Put IV 25d156.0%96.1%238.4%225.8%96.1%
Bid-Ask Spread %61.4716.00187.5043.7623.13
Gamma HHI0.370.310.460.400.31
Net GEX-636-993142-325142
Net DEX159.7K15.5K238.1K166.1K15.5K
Net VEX-1.0K-1.2K-860-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.008.330.020.09
Total Volume13.4090881827
Total OI814.4554461,000979457

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$11.86$21.72229.0%65.7%304.8%88.4%131.5%84.3%-54.7%-325166.1K-1.1K0.0243.76N/AN/A180558421
2008-12-02$13.03$21.72230.9%66.2%308.0%89.2%0.0%1.0%-65.0%-657186.4K-1.0K0.0035.46N/AN/A05564421
2008-12-03$13.42$21.72238.1%68.3%309.0%92.5%0.0%0.5%-50.7%-628180.3K-1.1K0.0034.48N/AN/A00564421
2008-12-04$12.64$21.72220.6%63.3%308.8%84.6%0.0%84.3%-28.3%-266157.5K-1.2K0.0016.00N/AN/A20564421
2008-12-05$14.29$21.72223.8%64.2%312.1%86.0%0.0%4.7%-65.6%-698189.6K-1.1K0.0033.65N/AN/A50566421
2008-12-08$15.64$21.72236.3%67.7%314.1%91.6%0.0%10.1%59.1%-623180.2K-1.2K0.1040.91N/AN/A91570421
2008-12-09$15.25$0.00202.9%0.0%313.4%76.6%0.0%8.9%0.0%-707187.0K-1.1K6.58187.50N/AN/A1276579421
2008-12-10$15.55$0.00153.1%51.0%313.5%54.1%163.8%6.3%-41.7%-483184.9K-1.1K0.0071.31N/AN/A10588372
2008-12-11$14.90$21.72174.2%49.9%308.7%63.6%164.6%36.4%-26.0%-344159.7K-1.1K4.6767.16N/AN/A316588372
2008-12-12$14.60$21.72183.6%52.6%296.6%67.9%0.0%21.8%-49.4%-522207.9K-9390.4260.60N/AN/A62590383
2008-12-15$14.16$21.72171.2%49.1%296.0%62.3%0.0%6.6%-24.9%-556204.4K-9040.0041.56N/AN/A02589386
2008-12-16$14.64$21.72176.3%50.6%290.1%64.6%0.0%54.1%-29.7%-759220.2K-8602.0070.49N/AN/A714589383
2008-12-17$15.03$10.86170.1%48.8%290.2%61.8%138.1%7.7%-33.0%-573205.8K-1.0K0.2046.05N/AN/A51596392
2008-12-18$15.46$10.86141.6%40.6%256.5%48.9%0.0%2.5%33.7%-711222.0K-9691.0053.66N/AN/A22596392
2008-12-19$16.99$10.8682.4%23.6%212.4%22.2%0.0%37.2%36.2%-888238.1K-9110.0091.61N/AN/A70596392
2008-12-22$16.12$10.86101.4%29.1%202.9%30.8%97.2%45.7%37.0%-76096.1K-9531.5389.39N/AN/A1318197249
2008-12-23$15.94$10.86143.4%41.1%175.8%49.7%0.0%43.2%-25.0%-930110.8K-9130.0031.09N/AN/A02200260
2008-12-24$16.12$10.86105.6%30.3%175.6%32.7%0.0%8.1%-14.5%-993112.0K-8940.0065.00N/AN/A02200259
2008-12-26$17.07$10.8698.2%28.2%129.1%29.4%67.6%9.0%47.1%-990105.7K-9200.0066.06N/AN/A90200259
2008-12-29$16.38$10.8682.0%23.5%126.3%22.1%0.0%-5.4%32.7%-86299.6K-9258.33109.83N/AN/A223206259
2008-12-30$19.07$10.86121.1%34.7%97.8%39.7%0.0%16.6%-15.1%-84983.4K-8972.0073.70N/AN/A12206250
2008-12-31$22.02$10.86127.3%36.5%103.9%42.5%127.3%6.8%-13.7%14215.5K-1.2K0.0923.13N/AN/A252205252