HTZ Options History — September 2014

In September 2014, HTZ traded between $110.30 and $126.41. ATM implied volatility averaged 36.5%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 11.8% (HV 20d: 24.7%). Max pain ranged from $117.29 to $125.98. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2014-09-30: Highest Volume — 20,570 contracts
  • 2014-09-30: Largest IV spike — 7.8% change
  • 2014-09-30: Highest IV Rank — 46.5%
  • 2014-09-05: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.46$110.30$126.41$126.41$110.30
Max Pain$122.67$117.29$125.98$125.98$117.29
ATM IV36.5%35.4%40.2%35.6%40.2%
Expected Move10.3%10.1%10.6%10.2%10.4%
HV 20d24.7%17.6%32.0%31.4%22.0%
HV 60d23.7%22.2%25.2%25.2%24.5%
IV Rank34.8%31.4%46.5%32.1%46.5%
IV Percentile51.3%43.7%75.0%48.4%75.0%
Term Structure0.8%-1.4%4.4%-0.0%2.0%
VWIV36.3%34.6%38.3%36.3%37.2%
Skew 25d-0.2%-4.8%3.8%-0.6%3.4%
Skew 10d-1.9%-13.3%2.6%-1.7%-13.3%
Call IV 25d38.1%35.5%40.7%37.8%39.1%
Put IV 25d38.0%35.4%42.5%37.2%42.5%
Bid-Ask Spread %22.1419.0432.2620.6132.26
Gamma HHI0.150.120.170.170.12
Net GEX9.6M3.6M13.7M13.7M3.6M
Net DEX-179.2M-348.6M17.2M-348.6M17.2M
Net VEX-2.1M-2.4M-1.7M-2.3M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.1211.370.267.40
Total Volume4,977.9521,08520,5702,88420,570
Total OI128,456.095100,673145,073127,809111,793

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$126.41$125.9835.6%10.2%31.4%32.1%36.3%-0.6%-0.0%13.7M-348.6M-2.3M0.2620.61N/AN/A2,28859681,84645,963
2014-09-03$124.15$125.9836.3%10.5%32.0%34.2%37.9%0.0%0.7%12.4M-289.6M-2.3M0.4121.34N/AN/A5,7452,35083,62946,116
2014-09-04$122.63$125.9836.3%10.5%31.0%34.1%37.0%-1.4%3.3%11.6M-262.1M-2.3M0.5521.47N/AN/A2,2721,25987,17346,906
2014-09-05$123.63$125.9835.7%10.6%30.7%32.3%38.3%-0.6%2.0%13.2M-278.7M-2.4M0.1622.59N/AN/A3,04749788,38547,848
2014-09-08$123.81$125.9835.4%10.4%30.4%31.4%36.3%-2.3%4.4%12.9M-293.0M-2.3M0.2421.34N/AN/A9,1472,18090,34047,918
2014-09-09$121.50$125.9836.2%10.4%29.9%33.8%36.8%-2.3%3.8%12.0M-253.7M-2.3M0.5124.00N/AN/A90246293,62949,592
2014-09-10$120.33$125.9836.1%10.5%29.4%33.7%36.8%-0.7%1.2%9.3M-187.9M-2.2M1.1325.20N/AN/A4,9425,57392,11949,778
2014-09-11$120.55$125.9837.8%10.3%28.7%38.8%37.3%1.9%0.4%9.7M-185.5M-2.2M1.1521.09N/AN/A55663994,00351,070
2014-09-12$120.20$125.9835.5%10.3%28.2%31.7%36.3%-2.5%2.4%10.7M-188.9M-2.1M1.9119.04N/AN/A1,8783,59291,92149,766
2014-09-15$119.50$125.9836.7%10.2%25.9%35.5%35.7%1.0%-0.2%8.4M-151.0M-2.0M1.7319.86N/AN/A39868791,60049,444
2014-09-16$119.90$121.6335.6%10.2%21.9%32.0%34.9%1.1%0.7%8.7M-156.6M-2.0M0.8521.17N/AN/A2,0081,70091,70649,717
2014-09-17$119.50$121.6336.1%10.1%20.8%33.5%35.9%-0.4%0.3%8.5M-159.1M-2.0M0.1223.99N/AN/A3,44341192,97851,032
2014-09-18$120.63$121.6336.7%10.4%17.6%35.5%36.1%0.0%-0.0%10.7M-190.4M-2.0M0.4122.22N/AN/A1,42658292,68749,743
2014-09-19$121.20$121.6336.4%10.3%17.8%34.7%35.9%0.2%-0.0%13.3M-219.0M-2.0M0.1823.46N/AN/A3,49461593,11950,048
2014-09-22$117.25$121.6337.1%10.3%19.0%36.8%35.7%-2.0%-1.4%7.6M-126.6M-1.9M0.2720.72N/AN/A4,8001,28068,75631,917
2014-09-23$116.46$121.6336.2%10.1%18.9%34.0%36.3%0.7%-0.4%7.7M-126.5M-1.9M0.2921.27N/AN/A86025371,38033,024
2014-09-24$118.03$117.2936.2%10.2%19.8%33.9%35.3%3.8%-1.3%8.5M-143.7M-2.0M0.2920.92N/AN/A2,84283371,80133,198
2014-09-25$114.29$117.2936.3%10.1%21.0%34.3%35.0%-4.8%-1.0%6.9M-80.8M-1.9M0.6819.20N/AN/A91261773,32734,009
2014-09-26$115.16$117.2936.6%10.1%21.4%35.1%34.6%0.7%-1.0%7.3M-88.9M-1.9M11.3721.97N/AN/A5055,74273,82434,493
2014-09-29$113.29$117.2937.3%10.2%20.9%37.3%36.0%1.3%1.3%5.4M-48.9M-1.8M1.2921.15N/AN/A1,1501,48473,75836,222
2014-09-30$110.30$117.2940.2%10.4%22.0%46.5%37.2%3.4%2.0%3.6M17.2M-1.7M7.4032.26N/AN/A2,44918,12174,34137,452