HTZ Options History — August 2014

In August 2014, HTZ traded between $116.94 and $137.10. ATM implied volatility averaged 39.5%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 15.1% (HV 20d: 24.5%). Max pain ranged from $125.98 to $139.01. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2014-08-20: Highest Volume — 42,679 contracts
  • 2014-08-14: Largest IV spike — 29.4% change
  • 2014-08-07: Highest IV Rank — 80.3%
  • 2014-08-08: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.26$116.94$137.10$120.59$128.37
Max Pain$129.29$125.98$139.01$139.01$125.98
ATM IV39.5%30.7%50.9%43.6%34.2%
Expected Move10.4%10.0%10.9%10.6%10.0%
HV 20d24.5%16.9%30.9%16.9%30.9%
HV 60d29.8%28.0%31.8%28.5%31.8%
IV Rank44.8%16.6%80.3%58.1%27.8%
IV Percentile63.6%16.3%96.0%88.9%39.3%
Term Structure-0.8%-4.6%7.3%-3.4%2.2%
VWIV37.7%34.5%59.0%35.9%36.1%
Skew 25d3.2%-4.8%7.0%5.0%-4.8%
Skew 10d7.2%-0.8%16.4%5.0%5.0%
Call IV 25d37.9%31.4%46.7%43.5%46.7%
Put IV 25d41.1%32.2%48.5%48.5%41.9%
Bid-Ask Spread %20.3014.1839.0118.5820.38
Gamma HHI0.190.130.520.160.17
Net GEX13.4M7.2M25.0M8.5M14.1M
Net DEX-336.3M-527.2M-112.4M-168.1M-388.9M
Net VEX-1.9M-2.4M-1.6M-1.6M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.051.650.050.74
Total Volume6,913.76291342,6794,6424,877
Total OI99,830.61978,565124,54884,748124,548

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$120.59$139.0143.6%10.6%16.9%58.1%0.0%5.0%-3.4%8.5M-168.1M-1.6M0.0518.58N/AN/A4,41922355,35429,394
2014-08-04$122.07$139.0147.3%10.6%17.3%69.3%35.9%5.3%-2.9%10.2M-202.2M-1.7M0.0919.57N/AN/A1,26811557,91529,509
2014-08-05$121.03$130.3243.2%10.6%17.2%56.7%37.0%2.3%-3.3%10.2M-192.1M-1.6M0.1218.14N/AN/A1,43216758,55429,590
2014-08-06$118.16$130.3247.2%10.7%18.6%69.2%59.0%3.6%-3.4%8.1M-135.9M-1.6M0.1215.32N/AN/A2,29726858,69529,659
2014-08-07$116.94$130.3250.9%10.8%18.8%80.3%38.5%4.4%-4.2%7.2M-112.4M-1.6M0.1214.18N/AN/A3,48842059,61429,787
2014-08-08$118.77$130.3248.9%10.9%19.7%74.3%0.0%5.9%-4.6%9.1M-153.8M-1.6M0.8425.83N/AN/A80367860,46230,106
2014-08-11$121.85$130.3245.8%10.7%21.8%64.6%38.4%4.9%-4.3%12.6M-206.1M-1.6M0.8223.77N/AN/A50241160,82630,582
2014-08-12$123.81$130.3236.3%10.6%22.4%35.9%34.5%6.0%-3.4%16.4M-260.5M-1.6M0.6520.05N/AN/A1,6101,04960,95830,796
2014-08-13$125.85$130.3231.9%10.4%23.2%22.5%35.4%4.3%-1.5%19.3M-304.8M-1.6M0.1817.24N/AN/A2,00036960,86531,445
2014-08-14$127.45$130.3241.3%10.3%21.5%51.1%36.3%3.9%-3.1%18.7M-341.2M-1.6M0.0516.12N/AN/A8,73841659,76830,445
2014-08-15$130.93$130.3241.4%10.4%23.1%50.2%35.8%7.0%-4.3%25.0M-452.7M-1.7M0.3918.21N/AN/A5,7582,26664,56430,722
2014-08-18$135.36$130.3239.8%10.1%25.5%45.3%37.2%5.5%-2.0%9.8M-373.8M-1.7M0.1217.30N/AN/A10,9131,32252,87725,688
2014-08-19$137.10$125.9839.6%10.1%25.7%44.6%38.8%7.0%-2.5%11.5M-460.5M-1.9M1.6516.32N/AN/A3,2835,42560,86426,079
2014-08-20$131.75$125.9834.3%10.4%30.1%28.1%37.2%-0.1%7.3%10.8M-385.3M-2.0M0.8639.01N/AN/A22,90119,77862,40830,685
2014-08-21$130.76$125.9835.6%10.2%29.9%32.0%36.6%0.0%3.2%12.4M-417.8M-2.2M0.3322.64N/AN/A17,7355,87470,86139,064
2014-08-22$132.97$125.9830.7%10.0%30.3%16.6%36.6%0.7%4.1%15.8M-518.8M-2.4M0.1920.66N/AN/A2,71552878,58342,557
2014-08-25$131.67$125.9835.2%10.2%30.3%30.9%35.5%2.5%1.6%15.4M-497.1M-2.4M1.5519.45N/AN/A1,1611,79780,66642,707
2014-08-26$132.23$125.9835.3%10.1%30.2%31.0%35.3%2.9%1.2%15.0M-489.0M-2.3M0.9021.31N/AN/A86778378,82643,419
2014-08-27$133.54$125.9832.6%10.0%30.2%22.8%36.8%0.3%4.7%15.8M-527.2M-2.3M0.7319.96N/AN/A1,9771,44978,81243,839
2014-08-28$131.23$125.9835.1%10.2%30.4%30.4%35.9%0.1%2.4%14.9M-473.5M-2.3M0.1022.17N/AN/A2,82528279,64544,705
2014-08-29$128.37$125.9834.2%10.0%30.9%27.8%36.1%-4.8%2.2%14.1M-388.9M-2.3M0.7420.38N/AN/A2,7962,08179,81844,730