HTZ Options History — August 2012

In August 2012, HTZ traded between $48.09 and $62.90. ATM implied volatility averaged 47.6%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 2.2% (HV 20d: 45.4%). Max pain ranged from $52.13 to $56.47. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.18.

Notable Days

2012-08-27: Highest Volume — 6,255 contracts
2012-08-27: Largest IV drop — 18.7% change
2012-08-13: Highest IV Rank — 29.4%
2012-08-02: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.07	$48.09	$62.90	$48.09	$61.60
Max Pain	$55.91	$52.13	$56.47	$52.13	$56.47
ATM IV	47.6%	36.3%	57.8%	51.2%	37.7%
Expected Move	13.7%	10.4%	16.6%	14.7%	10.8%
HV 20d	45.4%	36.6%	49.7%	43.1%	41.7%
HV 60d	47.6%	44.0%	52.0%	50.4%	44.0%
IV Rank	16.5%	0.5%	29.4%	18.8%	2.7%
IV Percentile	28.2%	0.8%	52.0%	38.5%	2.8%
Term Structure	0.0%	-4.8%	4.2%	-0.1%	4.2%
VWIV	48.6%	35.4%	58.3%	50.7%	35.4%
Skew 25d	7.4%	-3.2%	12.3%	6.9%	6.1%
Skew 10d	21.1%	-25.7%	39.3%	-9.5%	10.6%
Call IV 25d	44.9%	27.4%	61.0%	48.3%	34.0%
Put IV 25d	52.3%	39.7%	61.9%	55.2%	40.1%
Bid-Ask Spread %	14.11	10.63	20.68	15.99	11.23
Gamma HHI	0.22	0.15	0.40	0.19	0.38
Net GEX	817.6K	7.2K	2.0M	7.2K	1.6M
Net DEX	-19.7M	-68.9M	6.0M	6.0M	-44.0M
Net VEX	-160.6K	-226.6K	-137.9K	-144.6K	-166.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.18	0.03	13.22	13.22	0.21
Total Volume	1,188.174	97	6,255	788	760
Total OI	23,732.609	18,168	28,441	24,447	24,292

Daily Data (23 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
2012-08-01	$48.09	$52.13	51.2%	14.7%	43.1%	18.8%	50.7%	6.9%	-0.1%	7.2K	6.0M	-144.6K	13.22	15.99	N/A	N/A	55	733	15,509	8,938
2012-08-02	$48.96	$52.13	57.8%	16.6%	43.9%	27.0%	58.1%	0.9%	-1.3%	86.5K	2.7M	-152.6K	0.70	14.24	N/A	N/A	978	684	15,160	9,110
2012-08-03	$50.87	$52.13	54.4%	15.6%	46.9%	22.7%	51.9%	-3.2%	-0.6%	431.3K	-6.6M	-166.4K	0.55	13.82	N/A	N/A	481	265	16,521	9,169
2012-08-06	$51.17	$56.47	57.0%	15.5%	46.7%	26.0%	52.7%	6.9%	-4.1%	323.7K	-5.4M	-159.8K	0.08	13.95	N/A	N/A	336	26	15,903	9,360
2012-08-07	$52.35	$56.47	55.4%	15.6%	46.2%	24.0%	58.3%	7.9%	-4.8%	479.7K	-10.2M	-163.8K	1.19	11.87	N/A	N/A	459	549	16,113	9,362
2012-08-08	$50.74	$56.47	53.2%	15.6%	47.1%	21.3%	55.2%	5.7%	-4.3%	242.1K	-3.7M	-154.0K	0.34	13.13	N/A	N/A	87	29	16,035	9,430
2012-08-09	$52.78	$56.47	49.0%	15.0%	48.4%	17.5%	54.3%	7.7%	-2.6%	529.2K	-10.8M	-159.2K	0.39	13.04	N/A	N/A	117	45	16,089	9,450
2012-08-10	$52.61	$56.47	50.3%	14.7%	48.4%	22.7%	52.0%	4.4%	-1.2%	535.8K	-10.9M	-158.1K	0.03	14.67	N/A	N/A	109	3	16,061	9,441
2012-08-13	$52.65	$56.47	54.6%	14.8%	48.4%	29.4%	55.0%	8.9%	-3.4%	597.1K	-10.4M	-150.5K	4.59	14.57	N/A	N/A	78	361	16,060	9,442
2012-08-14	$52.65	$56.47	51.0%	14.8%	48.3%	23.8%	51.7%	6.4%	-3.0%	646.9K	-10.6M	-149.7K	0.10	11.08	N/A	N/A	303	29	16,090	9,648
2012-08-15	$54.39	$56.47	48.5%	14.4%	49.7%	19.8%	50.7%	7.0%	-2.0%	925.3K	-16.6M	-151.4K	0.15	15.87	N/A	N/A	660	101	15,990	9,647
2012-08-16	$55.43	$56.47	49.3%	14.1%	49.2%	21.1%	52.6%	7.1%	-0.8%	1.0M	-21.5M	-159.3K	0.09	16.08	N/A	N/A	171	16	16,150	9,590
2012-08-17	$56.34	$56.47	46.1%	13.2%	48.5%	16.0%	53.6%	10.1%	0.7%	1.4M	-25.3M	-158.3K	2.38	20.35	N/A	N/A	375	894	16,155	9,598
2012-08-20	$54.56	$56.47	45.2%	12.9%	49.7%	14.5%	46.6%	10.8%	1.9%	625.7K	-12.4M	-146.4K	0.45	12.36	N/A	N/A	67	30	12,499	5,669
2012-08-21	$54.82	$56.47	45.0%	12.9%	44.7%	14.3%	48.0%	10.9%	1.0%	636.5K	-12.1M	-143.7K	0.20	20.68	N/A	N/A	117	23	12,517	5,679
2012-08-22	$53.87	$56.47	47.9%	13.7%	41.5%	18.9%	48.5%	10.5%	3.5%	606.7K	-9.9M	-137.9K	0.65	13.21	N/A	N/A	384	251	12,617	5,692
2012-08-23	$56.47	$56.47	46.3%	13.3%	43.7%	16.2%	45.4%	9.3%	3.1%	750.8K	-18.0M	-153.4K	0.29	16.18	N/A	N/A	445	130	12,940	5,936
2012-08-24	$57.12	$56.47	46.6%	13.3%	36.6%	16.7%	46.6%	11.5%	1.5%	835.5K	-20.7M	-155.4K	0.91	14.74	N/A	N/A	721	657	13,147	5,833
2012-08-27	$61.73	$56.47	37.9%	10.9%	44.3%	2.9%	37.6%	4.6%	3.2%	1.1M	-40.9M	-161.4K	0.24	13.73	N/A	N/A	5,043	1,212	13,748	6,458
2012-08-28	$62.55	$56.47	36.5%	10.5%	42.7%	0.8%	38.1%	10.3%	3.0%	1.8M	-58.3M	-205.7K	0.12	12.28	N/A	N/A	3,707	437	18,620	7,539
2012-08-29	$62.90	$56.47	37.3%	10.7%	41.4%	2.1%	38.1%	12.3%	2.3%	2.0M	-68.9M	-226.6K	0.03	10.63	N/A	N/A	5,101	144	20,686	7,755
2012-08-30	$62.03	$56.47	36.3%	10.4%	42.4%	0.5%	35.5%	7.7%	4.1%	1.6M	-45.5M	-169.7K	0.26	10.88	N/A	N/A	123	32	16,315	7,887
2012-08-31	$61.60	$56.47	37.7%	10.8%	41.7%	2.7%	35.4%	6.1%	4.2%	1.6M	-44.0M	-166.4K	0.21	11.23	N/A	N/A	628	132	16,389	7,903