HTZ Options History — February 2013

In February 2013, HTZ traded between $78.84 and $86.66. ATM implied volatility averaged 33.0%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 5.1% (HV 20d: 27.9%). Max pain ranged from $56.47 to $60.82. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.38.

Notable Days

2013-02-25: Highest Volume — 2,082 contracts
2013-02-04: Largest IV spike — 19.7% change
2013-02-21: Highest IV Rank — 33.4%
2013-02-21: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.93	$78.84	$86.66	$81.19	$86.66
Max Pain	$56.70	$56.47	$60.82	$56.47	$56.47
ATM IV	33.0%	24.9%	39.8%	24.9%	28.4%
Expected Move	9.8%	8.1%	11.4%	9.0%	8.1%
HV 20d	27.9%	15.8%	37.5%	15.8%	37.0%
HV 60d	24.6%	20.9%	26.8%	26.8%	25.6%
IV Rank	21.3%	6.9%	33.4%	6.9%	13.1%
IV Percentile	18.4%	2.8%	42.5%	2.8%	6.0%
Term Structure	-1.0%	-3.3%	2.7%	0.4%	2.7%
VWIV	34.7%	27.1%	39.5%	35.3%	27.1%
Skew 25d	6.1%	3.0%	10.7%	7.3%	3.0%
Skew 10d	16.6%	2.3%	26.7%	17.9%	3.1%
Call IV 25d	30.9%	20.6%	36.3%	29.8%	28.1%
Put IV 25d	37.0%	31.2%	40.8%	37.1%	31.2%
Bid-Ask Spread %	10.33	7.34	13.89	13.89	7.81
Gamma HHI	0.25	0.16	0.45	0.18	0.45
Net GEX	548.9K	347.6K	876.2K	876.2K	519.1K
Net DEX	-89.4M	-110.2M	-78.4M	-91.0M	-105.9M
Net VEX	-90.4K	-98.9K	-76.7K	-90.9K	-89.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.04	4.10	2.22	0.86
Total Volume	827.526	109	2,082	781	152
Total OI	22,832.579	20,722	24,130	21,751	23,960

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
2013-02-01	$81.19	$56.47	24.9%	9.0%	15.8%	6.9%	35.3%	7.3%	0.4%	876.2K	-91.0M	-90.9K	2.22	13.89	N/A	N/A	243	538	13,658	8,093
2013-02-04	$79.02	$56.47	29.8%	10.2%	18.7%	15.6%	35.4%	6.0%	-1.9%	713.4K	-80.4M	-97.0K	0.64	12.42	N/A	N/A	145	93	13,484	8,492
2013-02-05	$80.54	$56.47	25.9%	8.8%	19.6%	8.6%	34.1%	7.0%	-0.1%	687.2K	-87.1M	-87.7K	3.68	13.00	N/A	N/A	116	428	13,535	8,528
2013-02-06	$80.32	$56.47	29.9%	9.6%	19.6%	15.7%	34.6%	5.5%	-1.9%	664.7K	-85.9M	-87.4K	2.75	9.81	N/A	N/A	31	85	13,538	8,755
2013-02-07	$80.10	$56.47	33.8%	9.7%	19.6%	22.6%	33.3%	5.7%	0.3%	644.5K	-85.4M	-88.0K	1.94	11.43	N/A	N/A	437	848	13,558	8,759
2013-02-08	$80.10	$56.47	33.7%	9.6%	19.6%	22.4%	34.8%	7.1%	-0.7%	534.2K	-83.6M	-97.6K	0.34	10.39	N/A	N/A	231	79	13,760	9,455
2013-02-11	$78.84	$56.47	33.9%	9.7%	20.6%	22.8%	33.2%	6.2%	-0.6%	503.3K	-78.9M	-95.4K	0.04	8.84	N/A	N/A	574	23	13,847	9,521
2013-02-12	$79.02	$56.47	33.7%	9.7%	20.6%	22.5%	32.8%	7.5%	-1.4%	347.6K	-80.5M	-94.8K	0.07	8.42	N/A	N/A	102	7	13,932	9,527
2013-02-13	$80.36	$56.47	34.6%	9.9%	21.1%	24.2%	34.3%	5.1%	-2.4%	460.9K	-86.5M	-89.4K	0.50	8.86	N/A	N/A	754	376	13,917	9,529
2013-02-14	$86.14	$56.47	33.9%	9.7%	31.4%	22.9%	36.7%	10.0%	-2.1%	615.1K	-110.2M	-76.7K	0.18	11.35	N/A	N/A	1,175	218	14,396	9,734
2013-02-15	$84.75	$56.47	35.5%	10.2%	32.3%	25.7%	39.4%	5.9%	-2.3%	552.6K	-103.6M	-80.8K	2.32	10.68	N/A	N/A	214	496	14,137	9,803
2013-02-19	$85.19	$56.47	35.5%	10.2%	32.2%	25.7%	36.0%	5.5%	-1.7%	432.4K	-91.2M	-78.8K	4.10	10.75	N/A	N/A	146	601	12,545	8,177
2013-02-20	$81.49	$56.47	37.9%	10.9%	36.6%	29.9%	38.7%	3.4%	-2.4%	388.6K	-81.6M	-83.5K	1.36	12.99	N/A	N/A	773	1,054	12,610	8,385
2013-02-21	$80.19	$56.47	39.8%	11.4%	37.2%	33.4%	39.5%	6.2%	-3.3%	441.0K	-78.4M	-93.3K	0.29	10.74	N/A	N/A	664	190	13,293	8,848
2013-02-22	$81.36	$56.47	37.4%	10.7%	37.3%	29.1%	37.9%	4.0%	-3.2%	553.0K	-84.9M	-98.9K	1.26	10.09	N/A	N/A	849	1,068	13,833	8,978
2013-02-25	$82.71	$60.82	36.0%	10.3%	37.5%	26.7%	34.7%	5.1%	-0.9%	411.7K	-89.8M	-97.3K	1.05	8.48	N/A	N/A	1,015	1,067	14,016	9,513
2013-02-26	$83.58	$56.47	33.4%	9.6%	36.7%	21.9%	31.5%	5.6%	0.1%	546.3K	-94.1M	-96.1K	1.86	9.06	N/A	N/A	251	466	14,317	9,477
2013-02-27	$85.01	$56.47	29.9%	8.6%	36.8%	15.7%	30.6%	10.7%	2.0%	537.9K	-99.9M	-94.2K	0.85	7.34	N/A	N/A	115	99	14,424	9,485
2013-02-28	$86.66	$56.47	28.4%	8.1%	37.0%	13.1%	27.1%	3.0%	2.7%	519.1K	-105.9M	-89.6K	0.86	7.81	N/A	N/A	82	70	14,468	9,492