HTZ Options History — December 2014

In December 2014, HTZ traded between $90.36 and $110.34. ATM implied volatility averaged 44.2%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 0.4% (HV 20d: 44.5%). Max pain ranged from $95.57 to $104.26. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.93.

Notable Days

2014-12-23: Highest Volume — 16,256 contracts
2014-12-12: Largest IV spike — 10.0% change
2014-12-16: Highest IV Rank — 50.6%
2014-12-16: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$101.35	$90.36	$110.34	$101.43	$108.34
Max Pain	$102.40	$95.57	$104.26	$104.26	$104.26
ATM IV	44.2%	39.6%	50.7%	44.1%	39.6%
Expected Move	12.9%	11.5%	14.0%	13.3%	11.9%
HV 20d	44.5%	38.7%	51.7%	43.1%	49.1%
HV 60d	47.6%	44.9%	51.3%	44.9%	49.6%
IV Rank	37.1%	27.5%	50.6%	36.9%	27.5%
IV Percentile	71.6%	50.0%	83.3%	76.6%	50.0%
Term Structure	0.2%	-3.4%	3.9%	1.4%	0.6%
VWIV	44.9%	39.8%	49.7%	46.0%	41.3%
Skew 25d	4.5%	-1.2%	9.4%	2.5%	2.6%
Skew 10d	10.9%	-11.6%	31.2%	-1.3%	7.3%
Call IV 25d	42.4%	35.2%	50.7%	43.7%	38.7%
Put IV 25d	47.0%	41.3%	55.1%	46.2%	41.3%
Bid-Ask Spread %	28.26	21.47	44.59	27.46	28.09
Gamma HHI	0.12	0.09	0.17	0.12	0.12
Net GEX	1.1M	-5.8M	6.9M	856.2K	5.3M
Net DEX	-19.8M	-253.4M	246.0M	14.3M	-224.9M
Net VEX	-1.4M	-1.7M	-1.1M	-1.6M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.10	4.31	0.55	0.90
Total Volume	5,703.909	1,879	16,256	3,431	1,956
Total OI	154,878.5	116,840	176,022	167,376	124,187

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
2014-12-01	$101.43	$104.26	44.1%	13.3%	43.1%	36.9%	46.0%	2.5%	1.4%	856.2K	14.3M	-1.6M	0.55	27.46	N/A	N/A	2,220	1,211	101,183	66,193
2014-12-02	$101.35	$104.26	43.3%	13.0%	43.1%	35.4%	45.3%	5.2%	3.9%	1.4M	4.2M	-1.6M	0.40	27.30	N/A	N/A	2,422	971	102,067	66,323
2014-12-03	$105.26	$104.26	43.8%	12.9%	40.1%	36.4%	45.1%	7.9%	0.2%	6.8M	-115.2M	-1.7M	0.49	23.06	N/A	N/A	2,357	1,157	102,432	66,391
2014-12-04	$105.34	$104.26	42.8%	13.0%	40.2%	34.3%	46.7%	4.5%	0.6%	6.9M	-114.2M	-1.6M	0.71	21.55	N/A	N/A	1,099	780	102,436	66,501
2014-12-05	$104.95	$104.26	42.3%	12.9%	38.7%	33.2%	46.1%	3.2%	0.6%	3.7M	-118.0M	-1.6M	0.20	21.72	N/A	N/A	7,795	1,565	102,994	66,967
2014-12-08	$102.09	$104.26	43.8%	13.1%	40.3%	36.4%	46.3%	2.1%	-0.9%	2.4M	-20.8M	-1.5M	0.60	21.47	N/A	N/A	2,485	1,494	102,858	64,256
2014-12-09	$102.48	$104.26	43.4%	12.9%	40.3%	35.4%	47.1%	7.2%	-1.7%	2.6M	-22.8M	-1.5M	0.38	23.19	N/A	N/A	2,662	1,022	103,131	64,369
2014-12-10	$98.52	$104.26	43.3%	12.9%	42.6%	35.3%	44.8%	-0.0%	-1.3%	-896.7K	77.5M	-1.4M	0.97	23.79	N/A	N/A	1,287	1,243	103,787	64,375
2014-12-11	$96.61	$104.26	43.6%	13.5%	43.0%	35.9%	45.6%	-1.2%	1.3%	-2.2M	112.9M	-1.3M	1.65	27.08	N/A	N/A	1,811	2,990	103,951	64,317
2014-12-12	$92.83	$104.26	47.9%	13.9%	44.3%	44.9%	47.6%	2.0%	3.5%	-4.3M	190.7M	-1.2M	4.31	30.48	N/A	N/A	2,149	9,268	104,152	65,067
2014-12-15	$93.57	$104.26	48.4%	13.8%	42.0%	45.8%	48.7%	6.9%	0.0%	-5.3M	206.8M	-1.2M	0.80	27.40	N/A	N/A	2,816	2,264	103,881	66,986
2014-12-16	$90.36	$104.26	50.7%	14.0%	42.5%	50.6%	49.7%	3.0%	-0.9%	-5.2M	246.0M	-1.1M	0.62	28.36	N/A	N/A	10,029	6,206	105,346	67,010
2014-12-17	$92.70	$99.91	49.8%	14.0%	43.2%	48.8%	47.7%	7.3%	-3.0%	-5.8M	214.6M	-1.2M	0.23	26.35	N/A	N/A	8,901	2,080	105,855	67,606
2014-12-18	$98.18	$99.91	45.6%	13.0%	47.7%	40.0%	45.4%	6.3%	2.4%	-2.3M	63.3M	-1.3M	0.84	34.16	N/A	N/A	2,910	2,437	108,230	67,056
2014-12-19	$98.52	$99.91	43.7%	12.9%	46.6%	36.1%	44.5%	7.2%	1.3%	-2.0M	59.7M	-1.3M	0.60	28.35	N/A	N/A	3,661	2,183	108,599	67,423
2014-12-22	$98.22	$0.00	44.0%	12.5%	43.6%	36.8%	43.4%	3.6%	2.8%	791.1K	-8.0M	-1.3M	2.88	44.59	N/A	N/A	1,296	3,733	71,089	45,751
2014-12-23	$106.26	$95.57	43.1%	12.0%	51.7%	34.8%	41.9%	8.4%	-1.3%	2.4M	-145.9M	-1.4M	0.10	31.95	N/A	N/A	14,833	1,423	71,346	48,202
2014-12-24	$105.91	$99.91	41.4%	12.3%	50.4%	31.4%	42.6%	4.5%	-0.6%	4.4M	-164.2M	-1.4M	1.18	34.48	N/A	N/A	1,366	1,611	74,741	48,577
2014-12-26	$107.08	$99.91	41.7%	12.0%	49.0%	32.0%	39.8%	4.4%	-0.5%	4.4M	-190.5M	-1.4M	0.97	32.37	N/A	N/A	1,392	1,350	75,813	48,883
2014-12-29	$110.34	$99.91	43.6%	11.9%	49.2%	35.9%	43.1%	9.4%	-3.4%	5.6M	-253.4M	-1.3M	0.87	32.22	N/A	N/A	1,573	1,370	74,953	48,190
2014-12-30	$109.38	$99.91	41.4%	11.5%	48.9%	31.4%	39.8%	2.7%	-1.0%	5.7M	-247.0M	-1.3M	0.18	26.40	N/A	N/A	1,783	325	75,442	48,411
2014-12-31	$108.34	$104.26	39.6%	11.9%	49.1%	27.5%	41.3%	2.6%	0.6%	5.3M	-224.9M	-1.3M	0.90	28.09	N/A	N/A	1,029	927	75,572	48,615