HTZ Options History — January 2010

In January 2010, HTZ traded between $45.00 and $52.91. ATM implied volatility averaged 42.2%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 9.3% (HV 20d: 32.9%). Max pain ranged from $54.30 to $54.30. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 8.53.

Notable Days

2010-01-26: Highest Volume — 497 contracts
2010-01-22: Largest IV spike — 31.7% change
2010-01-25: Highest IV Rank — 12.7%
2010-01-25: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.99	$45.00	$52.91	$51.61	$45.00
Max Pain	$54.30	$54.30	$54.30	$54.30	$54.30
ATM IV	42.2%	33.9%	52.6%	39.9%	51.7%
Expected Move	12.9%	10.1%	15.1%	13.3%	14.8%
HV 20d	32.9%	29.2%	35.8%	32.9%	34.7%
HV 60d	44.9%	38.7%	47.1%	47.0%	39.3%
IV Rank	5.5%	0.0%	12.7%	1.0%	12.1%
IV Percentile	5.0%	0.0%	13.5%	0.8%	13.5%
Term Structure	7.5%	5.4%	13.3%	6.2%	6.8%
VWIV	45.9%	29.6%	60.3%	46.3%	51.7%
Skew 25d	14.2%	-1.9%	25.3%	20.9%	12.8%
Skew 10d	25.0%	-1.3%	48.5%	27.9%	17.4%
Call IV 25d	38.5%	29.6%	46.1%	35.9%	38.7%
Put IV 25d	52.7%	38.0%	70.7%	56.8%	51.5%
Bid-Ask Spread %	19.08	12.43	29.29	12.43	13.22
Gamma HHI	0.38	0.33	0.54	0.34	0.34
Net GEX	1.1K	-23.0K	28.0K	-2.7K	-23.0K
Net DEX	-371.7K	-1.2M	632.6K	-414.6K	632.6K
Net VEX	-11.2K	-14.0K	-7.9K	-9.0K	-13.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.53	0.00	73.38	2.44	0.14
Total Volume	96.368	2	497	125	13
Total OI	2,170.368	1,776	2,634	1,776	2,634

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2010-01-04	$51.61	$54.30	39.9%	13.3%	32.9%	1.0%	46.3%	20.9%	6.2%	-2.7K	-414.6K	-9.0K	2.44	12.43	N/A	N/A	36	89	508	1,268
2010-01-05	$51.13	$54.30	33.9%	13.4%	29.2%	0.0%	60.3%	-1.9%	6.1%	-1.4K	-494.7K	-8.8K	0.47	16.85	N/A	N/A	25	12	525	1,335
2010-01-06	$50.48	$54.30	39.9%	13.5%	29.8%	4.1%	59.7%	19.2%	5.8%	-2.8K	-445.1K	-8.9K	2.33	17.27	N/A	N/A	2	7	547	1,305
2010-01-07	$50.61	$54.30	38.0%	13.0%	29.6%	2.8%	45.4%	18.6%	6.5%	214	-581.6K	-7.9K	0.85	14.03	N/A	N/A	44	37	549	1,301
2010-01-08	$52.91	$54.30	36.8%	12.9%	32.5%	1.9%	46.3%	20.2%	5.6%	11.2K	-906.2K	-9.1K	2.70	17.28	N/A	N/A	35	92	586	1,325
2010-01-11	$52.61	$54.30	40.8%	12.7%	32.7%	4.7%	51.5%	18.3%	5.6%	7.5K	-689.7K	-10.3K	2.11	23.85	N/A	N/A	30	63	611	1,416
2010-01-12	$51.00	$54.30	38.1%	12.4%	34.4%	2.9%	44.6%	13.4%	6.5%	-3.4K	-400.3K	-9.9K	0.12	17.48	N/A	N/A	58	7	615	1,476
2010-01-13	$50.87	$54.30	38.2%	12.6%	34.4%	2.9%	48.6%	14.1%	5.4%	-750	-381.1K	-9.8K	0.80	18.24	N/A	N/A	1	1	651	1,474
2010-01-14	$52.74	$54.30	40.2%	11.5%	35.8%	4.3%	45.2%	12.6%	8.7%	28.0K	-769.1K	-9.5K	0.94	22.92	N/A	N/A	23	22	651	1,474
2010-01-15	$52.43	$54.30	40.5%	11.6%	34.5%	4.5%	0.0%	12.1%	8.5%	12.7K	-576.9K	-10.8K	0.00	26.52	N/A	N/A	290	1	664	1,495
2010-01-19	$52.00	$54.30	39.1%	11.2%	34.2%	3.5%	0.0%	14.5%	8.3%	11.4K	-1.2M	-13.0K	0.02	20.12	N/A	N/A	9	0	830	1,389
2010-01-20	$50.87	$54.30	35.4%	10.1%	34.7%	1.0%	43.9%	7.5%	11.5%	11.9K	-916.8K	-13.1K	59.00	17.41	N/A	N/A	1	68	836	1,387
2010-01-21	$49.91	$54.30	36.6%	10.5%	34.4%	1.9%	36.2%	9.0%	6.2%	4.2K	-399.8K	-14.0K	8.06	29.12	N/A	N/A	5	33	837	1,449
2010-01-22	$47.91	$54.30	48.2%	13.8%	31.9%	9.7%	32.2%	6.1%	8.6%	-341	-115.3K	-12.7K	3.64	29.29	N/A	N/A	20	73	838	1,451
2010-01-25	$47.22	$54.30	52.6%	15.1%	30.8%	12.7%	39.3%	25.3%	7.5%	-2.2K	-50.3K	-12.4K	1.76	18.75	N/A	N/A	35	61	843	1,434
2010-01-26	$46.66	$54.30	48.1%	13.8%	30.5%	9.7%	48.4%	24.5%	13.3%	-6.6K	261.1K	-12.9K	73.38	13.29	N/A	N/A	7	490	830	1,453
2010-01-27	$47.83	$54.30	52.1%	14.9%	32.6%	12.3%	29.6%	6.6%	6.5%	-7.4K	-1.0K	-13.1K	1.97	16.68	N/A	N/A	28	54	830	1,790
2010-01-28	$46.00	$54.30	51.2%	14.7%	34.6%	11.7%	51.1%	16.3%	8.8%	-15.9K	371.0K	-13.5K	1.28	17.78	N/A	N/A	26	33	832	1,798
2010-01-29	$45.00	$54.30	51.7%	14.8%	34.7%	12.1%	51.7%	12.8%	6.8%	-23.0K	632.6K	-13.4K	0.14	13.22	N/A	N/A	12	1	840	1,794