HTZ Options History — August 2013

In August 2013, HTZ traded between $104.39 and $109.73. ATM implied volatility averaged 32.6%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 4.6% (HV 20d: 27.9%). Max pain ranged from $108.60 to $112.95. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.76.

Notable Days

2013-08-27: Highest Volume — 3,045 contracts
2013-08-15: Largest IV spike — 36.2% change
2013-08-06: Highest IV Rank — 27.9%
2013-08-06: Largest Expected Move — 10.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.42	$104.39	$109.73	$108.51	$104.39
Max Pain	$109.00	$108.60	$112.95	$112.95	$108.60
ATM IV	32.6%	24.6%	36.8%	35.3%	32.9%
Expected Move	9.5%	8.5%	10.4%	10.1%	9.4%
HV 20d	27.9%	20.9%	35.4%	35.4%	21.8%
HV 60d	33.5%	32.8%	34.0%	33.9%	32.9%
IV Rank	20.5%	6.3%	27.9%	25.3%	21.1%
IV Percentile	37.1%	2.8%	64.3%	52.8%	38.9%
Term Structure	2.0%	-0.2%	3.6%	-0.2%	2.3%
VWIV	32.7%	29.4%	35.9%	35.8%	31.3%
Skew 25d	3.6%	1.1%	4.9%	2.7%	4.0%
Skew 10d	8.3%	4.7%	17.2%	17.2%	7.4%
Call IV 25d	31.6%	27.7%	35.0%	34.8%	30.7%
Put IV 25d	35.2%	31.6%	38.0%	37.5%	34.7%
Bid-Ask Spread %	9.82	6.18	14.46	13.73	9.27
Gamma HHI	0.20	0.15	0.25	0.25	0.15
Net GEX	1.2M	97.2K	2.2M	942.6K	1.2M
Net DEX	-16.2M	-37.5M	159.6K	-10.8M	-14.7M
Net VEX	-371.1K	-434.6K	-324.8K	-332.2K	-414.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.12	3.71	1.70	3.71
Total Volume	1,077.773	181	3,045	2,313	850
Total OI	23,815.182	20,414	28,377	20,608	25,360

Daily Data (22 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
2013-08-01	$108.51	$112.95	35.3%	10.1%	35.4%	25.3%	35.8%	2.7%	-0.2%	942.6K	-10.8M	-332.2K	1.70	13.73	N/A	N/A	856	1,457	12,049	8,559
2013-08-02	$108.56	$112.95	35.2%	10.1%	32.5%	25.2%	35.2%	1.1%	0.3%	648.1K	-9.5M	-342.3K	0.21	10.85	N/A	N/A	1,104	237	12,499	9,647
2013-08-05	$107.86	$108.60	34.5%	10.1%	32.0%	23.9%	34.8%	3.7%	1.4%	726.1K	-8.4M	-338.7K	0.51	9.46	N/A	N/A	730	371	13,196	9,779
2013-08-06	$105.78	$108.60	36.8%	10.4%	32.5%	27.9%	35.9%	2.8%	1.4%	483.0K	159.6K	-329.3K	0.34	12.07	N/A	N/A	660	222	13,502	9,737
2013-08-07	$106.69	$108.60	34.2%	9.9%	32.8%	23.4%	34.9%	2.7%	1.9%	749.2K	-4.4M	-336.3K	0.70	9.14	N/A	N/A	631	443	14,035	9,874
2013-08-08	$107.38	$108.60	33.0%	10.0%	30.5%	21.2%	34.5%	2.3%	1.9%	946.1K	-8.8M	-342.4K	0.12	11.68	N/A	N/A	170	20	14,399	10,258
2013-08-09	$107.25	$108.60	30.5%	9.8%	29.8%	16.8%	34.3%	3.2%	2.1%	838.8K	-7.2M	-335.8K	0.14	11.30	N/A	N/A	315	46	14,476	10,268
2013-08-12	$107.78	$108.60	33.8%	9.8%	29.7%	22.7%	33.6%	3.6%	1.6%	837.9K	-8.1M	-324.8K	0.43	14.46	N/A	N/A	154	66	14,413	10,284
2013-08-13	$109.38	$108.60	32.5%	9.6%	29.8%	20.3%	33.1%	3.0%	2.1%	1.4M	-19.6M	-326.0K	0.86	10.88	N/A	N/A	1,630	1,409	14,451	10,306
2013-08-14	$108.21	$108.60	24.6%	9.1%	27.3%	6.3%	31.3%	3.4%	3.6%	968.9K	-11.2M	-367.7K	0.15	9.49	N/A	N/A	1,722	253	15,652	11,519
2013-08-15	$107.38	$108.60	33.5%	9.6%	26.4%	22.1%	32.6%	3.5%	2.3%	97.2K	-3.7M	-375.4K	0.33	7.34	N/A	N/A	974	319	16,000	11,650
2013-08-16	$107.12	$108.60	33.1%	9.5%	26.3%	21.4%	32.6%	4.2%	2.9%	935.5K	-1.1M	-373.8K	2.40	8.04	N/A	N/A	424	1,015	16,563	11,814
2013-08-19	$106.34	$108.60	34.1%	9.8%	26.0%	23.1%	33.2%	4.6%	0.7%	1.4M	-21.7M	-366.9K	0.34	10.01	N/A	N/A	411	142	12,357	8,057
2013-08-20	$108.30	$108.60	31.8%	9.1%	27.3%	19.0%	31.2%	4.8%	1.8%	1.8M	-29.1M	-378.1K	0.76	6.80	N/A	N/A	1,334	1,016	12,567	8,130
2013-08-21	$107.25	$108.60	31.3%	9.0%	26.6%	18.2%	31.1%	3.3%	2.2%	1.7M	-27.5M	-408.3K	0.41	11.82	N/A	N/A	128	53	13,445	8,844
2013-08-22	$109.04	$108.60	30.5%	8.7%	27.4%	16.8%	30.5%	4.7%	2.5%	2.1M	-34.8M	-415.1K	0.22	6.18	N/A	N/A	155	33	13,479	8,868
2013-08-23	$109.73	$108.60	29.8%	8.6%	27.6%	15.6%	29.5%	4.0%	2.8%	2.2M	-37.5M	-413.3K	0.86	8.78	N/A	N/A	110	94	13,523	8,870
2013-08-26	$109.51	$108.60	29.8%	8.5%	26.4%	15.5%	29.4%	3.9%	2.4%	2.2M	-36.6M	-401.0K	0.46	7.96	N/A	N/A	264	122	13,560	8,880
2013-08-27	$105.56	$108.60	33.8%	9.7%	23.9%	22.6%	32.2%	4.2%	2.4%	1.4M	-19.5M	-385.4K	0.80	9.34	N/A	N/A	1,694	1,351	13,630	8,933
2013-08-28	$104.91	$108.60	33.4%	9.6%	21.8%	21.9%	31.7%	4.5%	2.1%	1.4M	-18.5M	-422.0K	0.73	9.50	N/A	N/A	249	181	15,050	10,090
2013-08-29	$106.30	$108.60	32.5%	9.3%	20.9%	20.4%	30.6%	4.9%	3.3%	1.7M	-24.1M	-434.6K	0.49	7.91	N/A	N/A	198	98	15,156	10,205
2013-08-30	$104.39	$108.60	32.9%	9.4%	21.8%	21.1%	31.3%	4.0%	2.3%	1.2M	-14.7M	-414.0K	3.71	9.27	N/A	N/A	181	669	15,140	10,220