HTZ Options History — March 2009

In March 2009, HTZ traded between $8.69 and $21.07. ATM implied volatility averaged 140.7%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 38.5%. IV traded below realized volatility by 28.3% (HV 20d: 169.0%). 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 8 of 22 days. Put/call ratio averaged 7.53.

Notable Days

  • 2009-03-10: Highest Volume — 64 contracts
  • 2009-03-23: Largest IV drop — 30.2% change
  • 2009-03-10: Highest IV Rank — 66.9%
  • 2009-03-03: Largest Expected Move — 49.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.76$8.69$21.07$12.64$17.07
Max Pain$16.29$10.86$21.72$21.72$21.72
ATM IV140.7%89.1%181.5%147.4%128.4%
Expected Move38.5%25.6%49.1%42.3%36.8%
HV 20d169.0%87.8%225.0%87.8%225.0%
HV 60d130.7%102.0%150.7%102.2%150.7%
IV Rank48.5%25.3%66.9%51.5%43.0%
IV Percentile79.5%46.4%94.8%89.3%77.0%
Term Structure-0.3%-37.3%56.5%-12.7%-17.9%
VWIV133.7%99.6%160.2%143.7%160.2%
Skew 25d32.0%3.8%60.8%3.8%33.7%
Skew 10d59.0%3.8%99.3%3.8%69.9%
Call IV 25d107.8%74.9%150.4%145.5%106.3%
Put IV 25d139.8%122.8%167.1%149.3%139.9%
Bid-Ask Spread %35.2717.6088.4617.7426.61
Gamma HHI0.670.370.900.570.47
Net GEX-1.4K-3.5K189-457-541
Net DEX119.5K-14.4K193.7K117.8K47.9K
Net VEX-864-1.1K-522-669-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.530.0030.002.257.50
Total Volume15.955064198
Total OI682.364391822751464

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$12.64$21.72147.4%42.3%87.8%51.5%0.0%3.8%-12.7%-457117.8K-6692.2517.74N/AN/A613392359
2009-03-03$12.73$21.72171.3%49.1%88.5%62.3%0.0%11.8%-37.3%-1.3K128.0K-8500.0022.02N/AN/A043389353
2009-03-04$14.42$21.72135.9%39.0%102.8%46.4%0.0%50.0%26.9%-1.1K114.5K-1.0K9.9022.38N/AN/A223389396
2009-03-05$11.29$21.72168.8%48.4%129.6%61.2%0.0%16.8%-17.4%-2.0K168.0K-89619.0018.20N/AN/A05391417
2009-03-06$9.73$10.86175.7%42.1%136.0%64.3%0.0%45.1%7.7%-1.9K186.2K-7813.4033.59N/AN/A1033391419
2009-03-09$8.69$10.86177.8%39.9%131.2%65.3%0.0%14.7%6.6%-1.9K193.7K-7050.0031.11N/AN/A09383434
2009-03-10$10.86$10.86181.5%41.2%156.8%66.9%143.7%25.4%1.7%-2.4K189.2K-85518.7929.80N/AN/A361383429
2009-03-11$10.77$10.86175.4%39.7%156.7%64.2%0.0%3.9%-10.0%-2.4K192.5K-8440.0035.85N/AN/A05386419
2009-03-12$13.12$10.86122.7%35.2%177.6%40.4%0.0%32.1%37.6%-727124.3K-5220.0088.46N/AN/A30386421
2009-03-13$11.95$10.86142.3%40.8%178.0%49.3%0.0%6.5%-15.4%-3.0K176.7K-8800.8332.13N/AN/A22387421
2009-03-16$12.34$10.86153.4%44.0%179.4%54.3%0.0%36.0%-18.5%-977131.9K-80430.0031.36N/AN/A07387424
2009-03-17$11.47$10.86148.4%42.5%179.4%52.0%0.0%31.0%-9.6%-3.5K185.8K-8560.0027.67N/AN/A02387430
2009-03-18$12.90$10.86149.6%42.9%186.6%52.5%0.0%26.7%-15.0%-1.2K145.3K-8080.0033.67N/AN/A30387429
2009-03-19$12.77$10.86148.2%42.5%186.6%51.9%148.6%41.6%-10.4%-1.2K135.1K-8675.1036.54N/AN/A212388429
2009-03-20$14.68$10.86127.7%36.6%185.8%42.7%0.0%37.0%33.7%-1.3K138.4K-8490.0043.62N/AN/A02390432
2009-03-23$17.29$21.7289.1%25.6%194.0%25.3%99.6%52.6%10.1%-1.3K61.9K-8740.1656.07N/AN/A295100291
2009-03-24$16.59$21.7291.7%26.3%194.3%26.4%0.0%60.8%-2.3%-90652.5K-9400.0056.29N/AN/A30113294
2009-03-25$16.77$21.7297.4%27.9%194.3%29.0%0.0%52.8%-9.2%-1.1K65.1K-9000.0040.43N/AN/A00114294
2009-03-26$21.07$21.72120.8%34.6%208.4%39.5%0.0%47.2%-7.5%-95-14.4K-1.0K0.0017.60N/AN/A360114294
2009-03-27$18.16$21.72116.4%33.4%216.5%37.6%116.4%40.0%-4.6%189-5.6K-1.1K16.0027.50N/AN/A118150294
2009-03-30$15.46$21.72126.4%36.2%222.8%42.1%160.2%34.6%56.5%-1.1K94.5K-9047.5047.25N/AN/A03151311
2009-03-31$17.07$21.72128.4%36.8%225.0%43.0%0.0%33.7%-17.9%-54147.9K-1.1K7.5026.61N/AN/A17151313