HTZ Options History — May 2014

In May 2014, HTZ traded between $121.29 and $128.24. ATM implied volatility averaged 35.6%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 6.7% (HV 20d: 28.9%). Max pain ranged from $108.60 to $108.60. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2014-05-08: Highest Volume — 8,518 contracts
  • 2014-05-15: Largest IV spike — 24.5% change
  • 2014-05-05: Highest IV Rank — 63.8%
  • 2014-05-06: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$124.96$121.29$128.24$125.37$128.24
Max Pain$108.60$108.60$108.60$108.60$108.60
ATM IV35.6%28.0%45.5%39.7%32.6%
Expected Move10.2%10.0%10.5%10.3%10.0%
HV 20d28.9%24.3%36.6%36.6%24.3%
HV 60d34.0%31.4%35.5%34.4%31.5%
IV Rank33.7%10.5%63.8%46.0%24.5%
IV Percentile55.1%6.0%92.1%81.0%36.5%
Term Structure-0.9%-7.5%0.9%-5.3%-1.0%
VWIV37.4%34.7%41.4%34.9%36.6%
Skew 25d4.6%2.3%6.7%4.4%6.4%
Skew 10d11.1%5.0%24.6%13.4%19.1%
Call IV 25d33.0%29.3%41.6%39.8%31.0%
Put IV 25d37.6%34.8%48.1%44.3%37.4%
Bid-Ask Spread %12.5810.4416.0515.6811.20
Gamma HHI0.150.140.170.140.17
Net GEX13.2M11.1M16.9M12.1M12.1M
Net DEX-357.9M-423.9M-295.6M-365.8M-364.5M
Net VEX-1.4M-1.5M-1.3M-1.3M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.073.050.072.54
Total Volume2,761.4291528,5181,5274,083
Total OI85,715.76277,28098,11677,28079,315

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$125.37$108.6039.7%10.3%36.6%46.0%34.9%4.4%-5.3%12.1M-365.8M-1.3M0.0715.68N/AN/A1,4339453,66123,619
2014-05-02$127.11$108.6043.8%10.2%36.5%58.6%38.8%6.5%-7.5%12.2M-401.7M-1.4M0.3115.11N/AN/A5,1601,60754,53723,671
2014-05-05$127.72$108.6045.5%10.3%35.6%63.8%37.6%3.4%-0.5%13.7M-423.9M-1.3M0.3311.19N/AN/A4,6131,51857,53824,836
2014-05-06$122.94$108.6042.5%10.5%35.0%54.7%34.8%5.4%0.2%14.3M-344.8M-1.4M0.1913.32N/AN/A6,2681,18360,77025,840
2014-05-07$124.89$108.6038.9%10.1%35.0%43.8%36.4%5.4%-1.7%16.6M-393.9M-1.5M0.3511.80N/AN/A1,27144565,27726,143
2014-05-08$121.29$108.6039.9%10.4%33.2%46.6%38.0%4.1%-0.7%15.0M-322.6M-1.4M0.4410.90N/AN/A5,9102,60865,66226,259
2014-05-09$121.46$108.6035.4%10.4%29.2%33.1%38.1%4.0%0.2%14.9M-321.3M-1.5M0.0811.14N/AN/A4,46836868,42928,707
2014-05-12$123.76$108.6036.9%10.5%29.4%37.5%41.4%5.2%-0.7%15.9M-377.9M-1.5M0.5911.29N/AN/A77345567,63928,978
2014-05-13$123.24$108.6034.0%10.3%29.3%28.7%0.0%4.1%0.9%15.5M-364.4M-1.5M0.1412.33N/AN/A3,15345067,52029,222
2014-05-14$124.80$108.6028.0%10.2%29.4%10.5%37.0%2.3%0.8%16.9M-406.7M-1.5M0.2110.44N/AN/A1,89840668,54729,569
2014-05-15$123.54$108.6034.8%10.4%26.1%31.4%39.8%5.1%0.2%13.4M-376.1M-1.4M3.0512.30N/AN/A6962,12067,94929,444
2014-05-16$123.37$108.6033.7%10.3%24.6%27.8%34.7%3.6%0.0%12.4M-374.9M-1.4M0.4011.59N/AN/A52521267,92929,074
2014-05-19$125.11$108.6032.4%10.1%25.0%23.7%36.8%3.6%0.9%11.2M-322.1M-1.4M0.1915.43N/AN/A1,67631353,19825,129
2014-05-20$122.85$108.6032.9%10.3%25.8%25.3%36.5%4.1%-0.9%11.3M-295.6M-1.4M0.2612.91N/AN/A3037853,95925,332
2014-05-21$124.20$108.6032.5%10.1%26.1%24.0%40.2%5.3%-1.0%11.6M-311.1M-1.4M0.6216.05N/AN/A1529454,11425,366
2014-05-22$125.85$108.6031.6%10.0%26.4%21.6%38.0%3.9%0.3%11.1M-333.0M-1.3M0.2312.79N/AN/A82018952,18325,386
2014-05-23$126.93$108.6032.3%10.1%25.8%23.6%0.0%6.7%-0.4%11.4M-348.7M-1.3M0.4112.55N/AN/A74830652,80725,479
2014-05-27$127.67$108.6034.0%10.1%25.5%28.8%36.3%4.8%-1.3%11.5M-364.4M-1.3M0.7212.19N/AN/A70350952,84525,747
2014-05-28$126.72$108.6033.5%10.1%24.8%27.1%0.0%4.3%-1.0%11.6M-351.3M-1.3M0.4212.64N/AN/A1074553,06926,085
2014-05-29$127.02$108.6033.2%10.0%24.6%26.3%0.0%5.1%-0.5%11.7M-350.1M-1.3M1.3211.36N/AN/A9913153,10026,097
2014-05-30$128.24$108.6032.6%10.0%24.3%24.5%36.6%6.4%-1.0%12.1M-364.5M-1.3M2.5411.20N/AN/A1,1542,92953,13926,176