HTZ Options History — January 2009

In January 2009, HTZ traded between $20.89 and $26.32. ATM implied volatility averaged 113.5%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 33.7%. IV traded above realized volatility by 7.7% (HV 20d: 105.8%). Max pain ranged from $10.86 to $21.72. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 8.98.

Notable Days

  • 2009-01-23: Highest Volume — 107 contracts
  • 2009-01-12: Largest IV spike — 15.4% change
  • 2009-01-20: Highest IV Rank — 41.9%
  • 2009-01-20: Largest Expected Move — 36.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.66$20.89$26.32$23.07$21.98
Max Pain$21.18$10.86$21.72$10.86$21.72
ATM IV113.5%95.9%126.0%112.1%119.5%
Expected Move33.7%31.7%36.1%32.1%34.3%
HV 20d105.8%96.6%114.6%104.2%100.3%
HV 60d205.3%197.8%212.2%212.2%198.7%
IV Rank36.3%28.3%41.9%35.6%39.0%
IV Percentile76.9%68.3%81.7%78.6%78.6%
Term Structure6.4%-9.2%19.2%6.1%4.1%
VWIV110.6%59.3%145.0%111.1%119.5%
Skew 25d17.4%-9.8%41.9%-9.8%21.8%
Skew 10d44.3%-15.0%92.8%-15.0%71.6%
Call IV 25d105.1%85.4%114.3%102.7%113.9%
Put IV 25d122.5%92.9%142.8%92.9%135.7%
Bid-Ask Spread %52.6825.6282.7649.5526.48
Gamma HHI0.280.250.350.280.28
Net GEX626-3252.6K472-141
Net DEX-34.6K-152.2K52.5K-8.0K16.0K
Net VEX-1.3K-1.5K-1.1K-1.2K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.980.00100.000.6816.15
Total Volume26.201071580
Total OI530.7451635457635

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$23.07$10.86112.1%32.1%104.2%35.6%111.1%-9.8%6.1%472-8.0K-1.2K0.6849.55N/AN/A96203254
2009-01-05$23.41$21.72117.3%31.7%99.1%38.0%112.4%9.7%-0.6%-325-28.7K-1.1K0.0066.61N/AN/A029209260
2009-01-06$26.32$21.72108.9%32.8%98.5%34.2%103.4%18.7%4.5%642-111.4K-1.3K0.2354.95N/AN/A5613209242
2009-01-07$24.89$21.72101.3%33.5%100.4%30.8%116.3%13.7%9.6%1.2K-104.5K-1.4K0.0661.07N/AN/A70258252
2009-01-08$25.93$21.72109.1%33.3%98.9%34.3%95.7%16.1%19.2%1.4K-136.1K-1.4K0.9057.34N/AN/A22260252
2009-01-09$26.15$21.7295.9%34.7%99.1%28.3%107.1%17.1%11.1%2.1K-152.2K-1.5K4.7355.89N/AN/A316262254
2009-01-12$25.67$21.72110.6%32.5%97.2%35.0%104.4%7.4%-4.5%1.8K-137.6K-1.4K1.7257.23N/AN/A1018266252
2009-01-13$25.41$21.72100.4%35.0%96.6%30.3%106.6%9.4%7.6%1.8K-150.1K-1.3K0.1351.57N/AN/A182272230
2009-01-14$22.98$21.72109.1%34.6%105.0%34.3%121.2%8.6%11.1%2.6K-78.0K-1.2K0.0057.88N/AN/A028274235
2009-01-15$23.41$21.72118.6%34.0%105.0%38.6%0.0%5.3%7.0%23-39.5K-1.3K100.0061.00N/AN/A023274285
2009-01-16$22.89$21.72113.9%32.7%106.3%36.4%113.9%27.3%12.5%-44-19.4K-1.2K8.3370.24N/AN/A16274283
2009-01-20$20.89$21.72126.0%36.1%113.4%41.9%0.0%-7.3%2.3%2048.5K-1.1K0.0082.76N/AN/A07246254
2009-01-21$23.07$21.72116.4%33.4%113.9%37.6%0.0%6.0%6.0%3041.3K-1.1K0.5859.58N/AN/A127246256
2009-01-22$22.07$21.72119.7%34.3%113.3%39.0%0.0%31.1%8.5%21425.3K-1.2K0.0039.18N/AN/A00258262
2009-01-23$22.24$21.72116.6%33.4%112.9%37.7%116.6%28.2%5.9%14834.0K-1.2K0.0059.41N/AN/A0107258262
2009-01-26$22.02$21.72116.9%33.5%113.3%37.8%0.0%26.9%11.6%-23450.2K-1.3K0.0027.46N/AN/A20258327
2009-01-27$22.72$21.72124.3%35.6%112.4%41.1%126.5%39.9%-9.2%-20552.5K-1.3K1.1862.78N/AN/A35258327
2009-01-28$25.20$21.72117.0%33.5%114.6%37.8%59.3%41.9%4.4%750-8.9K-1.4K0.0227.01N/AN/A301260331
2009-01-29$22.76$21.72116.3%33.3%111.5%37.5%145.0%37.1%10.0%27114.7K-1.4K0.0025.62N/AN/A210283333
2009-01-30$21.98$21.72119.5%34.3%100.3%39.0%119.5%21.8%4.1%-14116.0K-1.4K16.1526.48N/AN/A575302333