HTZ Options History — March 2014

In March 2014, HTZ traded between $111.25 and $122.07. ATM implied volatility averaged 41.1%, placing in the 53.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 5.8% (HV 20d: 35.3%). Max pain ranged from $95.57 to $108.60. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2014-03-17: Highest Volume — 17,143 contracts
  • 2014-03-13: Largest IV drop — 25.9% change
  • 2014-03-03: Highest IV Rank — 100.0%
  • 2014-03-05: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.67$111.25$122.07$118.38$115.73
Max Pain$101.15$95.57$108.60$108.60$95.57
ATM IV41.1%28.9%57.4%53.0%29.1%
Expected Move10.3%10.1%10.4%10.3%10.1%
HV 20d35.3%32.0%38.7%36.8%32.8%
HV 60d34.8%30.6%36.9%33.5%31.2%
IV Rank53.7%13.3%100.0%100.0%13.8%
IV Percentile60.1%9.5%100.0%100.0%9.9%
Term Structure-1.3%-11.1%5.3%-11.1%4.3%
VWIV36.9%34.4%40.0%37.0%36.5%
Skew 25d1.1%-1.6%3.4%0.8%2.5%
Skew 10d2.0%-4.8%6.4%0.6%3.7%
Call IV 25d38.3%28.4%53.0%52.3%28.4%
Put IV 25d39.3%29.0%53.1%53.1%30.8%
Bid-Ask Spread %13.548.8221.5821.589.33
Gamma HHI0.140.110.180.130.14
Net GEX8.6M4.2M12.1M9.4M6.1M
Net DEX-221.2M-358.5M-72.3M-261.0M-136.1M
Net VEX-1.4M-1.6M-1.2M-1.5M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.110.930.730.23
Total Volume3,652.38144817,1433,558495
Total OI97,174.04864,200115,593101,16267,399

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$118.38$108.6053.0%10.3%36.8%100.0%37.0%0.8%-11.1%9.4M-261.0M-1.5M0.7321.58N/AN/A2,0571,50164,39736,765
2014-03-04$121.59$108.6052.9%10.4%34.5%99.8%35.9%-0.6%-9.5%11.1M-340.9M-1.5M0.2915.54N/AN/A3,29496565,57237,402
2014-03-05$122.07$108.6051.7%10.4%34.1%95.4%35.7%0.8%-8.8%12.0M-358.5M-1.6M0.1114.63N/AN/A1,25814267,33537,863
2014-03-06$121.63$108.6051.8%10.4%33.9%96.0%37.9%0.4%-10.1%12.0M-350.3M-1.5M0.2315.24N/AN/A1,08925167,14937,917
2014-03-07$120.94$108.6050.7%10.4%33.6%92.1%0.0%2.6%-4.2%11.9M-334.0M-1.5M0.1814.16N/AN/A64111567,60238,060
2014-03-10$120.76$108.6056.8%10.4%33.5%100.0%0.0%3.4%-4.5%12.0M-324.9M-1.5M0.3811.55N/AN/A57821967,78938,070
2014-03-11$116.25$108.6054.8%10.3%36.4%93.9%38.3%1.3%-4.7%9.5M-224.0M-1.4M0.3416.07N/AN/A6,8992,36067,78238,197
2014-03-12$113.25$95.5757.4%10.3%36.8%100.0%36.3%0.1%-4.7%7.4M-160.0M-1.5M0.578.89N/AN/A3,1621,79471,55840,140
2014-03-13$112.12$95.5742.5%10.3%35.0%54.6%37.4%0.7%-3.2%6.8M-136.4M-1.5M0.7510.02N/AN/A1,4311,08073,44141,237
2014-03-14$112.86$95.5743.4%10.4%35.1%57.4%38.5%1.1%-3.9%7.5M-157.0M-1.5M0.2411.66N/AN/A2,16652673,79841,795
2014-03-17$118.25$95.5742.2%10.4%38.7%53.7%37.0%0.7%-3.0%12.1M-296.6M-1.5M0.2419.75N/AN/A13,8203,32373,45641,845
2014-03-18$117.64$95.5732.8%10.3%38.6%25.2%36.5%0.3%2.6%11.7M-271.7M-1.4M0.5015.78N/AN/A4,6732,35071,22543,880
2014-03-19$117.59$108.6031.4%10.1%38.5%20.8%35.0%2.0%3.8%10.5M-260.5M-1.4M0.3618.06N/AN/A1,97470971,41443,507
2014-03-20$116.59$108.6030.7%10.2%34.6%18.7%36.2%1.6%3.6%9.2M-218.2M-1.3M0.1615.74N/AN/A3,15950270,06743,154
2014-03-21$119.11$95.5730.1%10.1%35.1%17.0%0.0%2.1%3.9%8.4M-316.2M-1.3M0.1713.26N/AN/A4,40074570,01143,227
2014-03-24$115.86$95.5731.2%10.2%36.4%20.1%40.0%1.3%3.0%5.3M-137.3M-1.2M0.9311.37N/AN/A1,6211,51140,42423,776
2014-03-25$113.81$95.5730.9%10.1%36.0%19.4%35.6%0.8%3.6%4.8M-112.8M-1.2M0.2812.64N/AN/A1,01227940,67223,928
2014-03-26$111.95$95.5730.5%10.2%36.3%18.1%40.0%-1.6%4.7%4.3M-89.1M-1.2M0.3610.43N/AN/A1,52054340,90324,148
2014-03-27$111.25$95.5730.3%10.1%33.4%17.5%34.4%2.1%4.6%4.2M-72.3M-1.2M0.509.83N/AN/A1,39669241,90724,456
2014-03-28$112.42$95.5728.9%10.2%32.0%13.3%35.2%0.1%5.3%4.6M-87.2M-1.2M0.328.82N/AN/A34010842,41124,976
2014-03-31$115.73$95.5729.1%10.1%32.8%13.8%36.5%2.5%4.3%6.1M-136.1M-1.2M0.239.33N/AN/A4039242,41124,988