HTZ Options History — March 2015

In March 2015, HTZ traded between $89.23 and $102.22. ATM implied volatility averaged 32.0%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 7.5% (HV 20d: 24.5%). Max pain ranged from $95.57 to $99.91. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.40.

Notable Days

2015-03-17: Highest Volume — 16,790 contracts
2015-03-04: Largest IV spike — 18.0% change
2015-03-10: Highest IV Rank — 23.6%
2015-03-11: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.60	$89.23	$102.22	$102.22	$94.27
Max Pain	$99.02	$95.57	$99.91	$99.91	$95.57
ATM IV	32.0%	28.1%	37.6%	29.5%	29.1%
Expected Move	9.0%	7.8%	10.0%	8.7%	8.1%
HV 20d	24.5%	22.5%	27.5%	26.6%	26.1%
HV 60d	34.2%	28.8%	38.3%	38.3%	29.9%
IV Rank	11.9%	3.8%	23.6%	6.8%	5.8%
IV Percentile	12.0%	2.0%	37.7%	3.2%	3.6%
Term Structure	0.4%	-4.4%	5.2%	0.2%	5.2%
VWIV	31.1%	21.5%	35.3%	30.5%	28.4%
Skew 25d	4.7%	2.3%	8.2%	4.6%	3.5%
Skew 10d	15.3%	4.7%	27.6%	14.3%	11.4%
Call IV 25d	30.5%	26.7%	35.4%	28.1%	27.5%
Put IV 25d	35.2%	30.2%	40.5%	32.7%	31.0%
Bid-Ask Spread %	17.11	10.91	25.37	19.53	13.00
Gamma HHI	0.17	0.11	0.23	0.22	0.11
Net GEX	2.0M	300.2K	6.0M	5.8M	1.2M
Net DEX	-38.4M	-134.3M	5.2M	-129.3M	-46.9M
Net VEX	-918.7K	-1.0M	-824.4K	-946.5K	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.40	0.22	7.41	0.39	1.44
Total Volume	3,379.909	504	16,790	3,854	3,015
Total OI	73,270.591	56,051	87,861	75,143	63,234

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
2015-03-02	$102.22	$99.91	29.5%	8.7%	26.6%	6.8%	30.5%	4.6%	0.2%	5.8M	-129.3M	-946.5K	0.39	19.53	N/A	N/A	2,765	1,089	44,981	30,162
2015-03-03	$102.17	$99.91	28.8%	8.1%	26.6%	5.2%	28.4%	4.7%	0.9%	6.0M	-134.3M	-947.1K	0.55	13.62	N/A	N/A	3,079	1,708	45,784	30,183
2015-03-04	$98.22	$99.91	34.0%	9.1%	27.5%	16.0%	32.9%	2.3%	-4.0%	2.0M	-70.6M	-941.9K	0.99	21.06	N/A	N/A	3,294	3,250	46,522	31,095
2015-03-05	$97.70	$99.91	33.3%	9.5%	27.5%	14.6%	31.4%	6.7%	0.8%	1.2M	-61.1M	-947.9K	0.40	25.37	N/A	N/A	3,116	1,251	47,811	30,210
2015-03-06	$96.26	$99.91	33.0%	9.4%	23.7%	14.0%	32.4%	8.2%	0.8%	3.4M	-36.0M	-923.7K	0.62	23.77	N/A	N/A	1,844	1,146	48,133	30,427
2015-03-09	$95.96	$99.91	36.3%	9.7%	23.6%	20.8%	32.2%	4.8%	-2.8%	3.2M	-45.4M	-905.7K	0.75	19.83	N/A	N/A	288	216	47,630	28,793
2015-03-10	$94.35	$99.91	37.6%	9.8%	24.1%	23.6%	35.3%	5.3%	-4.4%	1.9M	-24.1M	-865.0K	0.22	20.22	N/A	N/A	1,450	315	47,767	28,850
2015-03-11	$93.53	$99.91	36.2%	10.0%	24.2%	20.7%	34.2%	6.7%	-1.5%	1.1M	-17.6M	-855.8K	0.42	24.10	N/A	N/A	698	295	48,060	28,811
2015-03-12	$93.48	$99.91	35.6%	9.7%	24.2%	19.5%	33.2%	3.7%	-1.5%	759.8K	-13.2M	-851.0K	0.31	17.52	N/A	N/A	869	272	48,440	28,934
2015-03-13	$92.53	$99.91	35.8%	9.9%	23.6%	19.7%	33.8%	4.2%	-1.4%	934.7K	5.2M	-834.3K	1.76	18.16	N/A	N/A	378	666	49,138	29,067
2015-03-16	$94.18	$99.91	33.9%	9.5%	24.7%	15.9%	33.3%	5.1%	1.5%	2.2M	-24.6M	-824.4K	1.06	20.64	N/A	N/A	581	613	49,095	28,121
2015-03-17	$95.05	$99.91	33.0%	9.4%	24.1%	13.9%	33.1%	6.1%	0.7%	2.5M	-29.6M	-825.4K	0.63	18.45	N/A	N/A	10,274	6,516	49,104	28,554
2015-03-18	$94.96	$95.57	31.8%	9.1%	24.1%	11.5%	32.0%	5.0%	1.1%	1.7M	-48.4M	-957.8K	0.38	16.93	N/A	N/A	2,813	1,065	54,105	31,849
2015-03-19	$93.83	$99.91	31.8%	9.0%	23.6%	11.5%	31.6%	6.1%	2.9%	1.9M	-27.2M	-957.8K	1.23	15.86	N/A	N/A	276	341	55,806	32,055
2015-03-20	$94.18	$99.91	30.4%	8.6%	23.1%	8.5%	32.9%	4.0%	0.6%	2.2M	-27.8M	-940.6K	4.74	15.84	N/A	N/A	502	2,379	55,467	31,920
2015-03-23	$93.53	$99.91	28.1%	8.1%	23.0%	3.8%	28.8%	4.1%	0.8%	1.6M	-46.4M	-921.4K	0.93	11.47	N/A	N/A	1,364	1,263	33,265	22,786
2015-03-24	$91.57	$99.91	28.1%	8.1%	23.7%	3.8%	27.0%	3.5%	1.2%	1.1M	-25.1M	-923.2K	2.97	10.91	N/A	N/A	640	1,899	34,041	23,887
2015-03-25	$89.23	$99.91	29.7%	8.5%	23.4%	7.1%	27.1%	2.5%	1.4%	482.9K	-179.1K	-920.3K	0.98	12.92	N/A	N/A	2,072	2,033	34,185	25,495
2015-03-26	$89.70	$97.74	29.9%	8.7%	22.5%	7.5%	33.3%	5.4%	1.8%	300.2K	2.6M	-961.2K	1.40	13.01	N/A	N/A	1,647	2,307	35,068	27,243
2015-03-27	$90.49	$95.57	29.3%	8.0%	22.7%	6.3%	21.5%	2.5%	0.9%	581.2K	-3.0M	-955.6K	7.41	11.36	N/A	N/A	192	1,424	35,480	27,311
2015-03-30	$93.83	$95.57	29.2%	7.8%	25.9%	6.1%	30.7%	4.5%	4.4%	1.0M	-41.9M	-1000.0K	1.26	12.77	N/A	N/A	1,398	1,755	35,056	28,028
2015-03-31	$94.27	$95.57	29.1%	8.1%	26.1%	5.8%	28.4%	3.5%	5.2%	1.2M	-46.9M	-1.0M	1.44	13.00	N/A	N/A	1,234	1,781	35,074	28,160