HTZ Options History — July 2015

In July 2015, HTZ traded between $68.42 and $82.62. ATM implied volatility averaged 47.7%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 1.1% (HV 20d: 48.8%). Max pain ranged from $73.85 to $91.23. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.80.

Notable Days

2015-07-17: Highest Volume — 32,912 contracts
2015-07-23: Largest IV spike — 13.5% change
2015-07-10: Highest IV Rank — 50.5%
2015-07-27: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.24	$68.42	$82.62	$76.32	$73.85
Max Pain	$77.30	$73.85	$91.23	$91.23	$73.85
ATM IV	47.7%	42.4%	51.6%	45.7%	48.0%
Expected Move	13.8%	12.1%	15.0%	14.7%	14.1%
HV 20d	48.8%	33.0%	64.3%	33.1%	63.6%
HV 60d	41.2%	35.2%	48.2%	35.2%	46.6%
IV Rank	42.3%	30.7%	50.5%	37.9%	42.9%
IV Percentile	79.3%	58.7%	88.1%	77.4%	79.0%
Term Structure	-1.8%	-5.2%	1.8%	1.8%	0.4%
VWIV	48.1%	41.9%	51.9%	51.8%	49.3%
Skew 25d	2.3%	-4.3%	7.3%	-0.2%	4.6%
Skew 10d	9.0%	-12.8%	25.2%	-12.8%	25.2%
Call IV 25d	48.0%	41.5%	54.2%	45.5%	47.4%
Put IV 25d	50.4%	42.9%	59.8%	45.3%	52.0%
Bid-Ask Spread %	26.15	21.00	32.26	25.70	22.74
Gamma HHI	0.15	0.12	0.19	0.13	0.18
Net GEX	1.7M	91.0K	3.4M	899.9K	2.3M
Net DEX	57.2M	-77.2M	94.0M	66.3M	43.0M
Net VEX	-967.3K	-1.2M	-812.7K	-967.8K	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.17	2.58	1.56	0.26
Total Volume	8,583.636	3,819	32,912	4,394	21,835
Total OI	108,791.727	89,636	115,733	89,636	115,403

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
2015-07-01	$76.32	$91.23	45.7%	14.7%	33.1%	37.9%	51.8%	-0.2%	1.8%	899.9K	66.3M	-967.8K	1.56	25.70	N/A	N/A	1,716	2,678	58,535	31,101
2015-07-02	$74.98	$91.23	45.1%	14.9%	33.1%	36.7%	51.9%	-4.3%	-2.9%	545.0K	80.2M	-925.2K	1.07	21.00	N/A	N/A	1,931	2,065	59,199	31,979
2015-07-06	$74.72	$82.54	49.8%	13.4%	33.0%	46.8%	47.4%	1.3%	-5.2%	286.2K	87.0M	-859.5K	2.05	23.88	N/A	N/A	3,789	7,776	58,670	31,679
2015-07-07	$77.28	$82.54	49.3%	13.4%	36.2%	45.6%	46.3%	7.3%	-3.8%	91.0K	61.0M	-1.0M	0.18	27.18	N/A	N/A	14,764	2,681	60,994	38,084
2015-07-08	$73.63	$82.54	48.8%	14.2%	38.8%	44.6%	49.1%	-1.5%	-0.9%	1.6M	66.5M	-964.6K	0.26	29.13	N/A	N/A	6,269	1,624	72,222	39,478
2015-07-09	$72.98	$73.85	49.0%	14.1%	37.7%	45.0%	48.8%	-2.5%	-2.5%	1.1M	76.3M	-942.7K	0.31	26.99	N/A	N/A	5,735	1,806	71,566	39,829
2015-07-10	$73.24	$73.85	51.6%	14.1%	37.7%	50.5%	49.9%	6.0%	-5.2%	1.5M	71.0M	-957.0K	0.77	26.29	N/A	N/A	2,491	1,908	72,498	40,073
2015-07-13	$73.76	$73.85	50.5%	13.8%	37.7%	48.3%	48.6%	-1.5%	-1.5%	1.4M	79.3M	-879.4K	0.64	29.27	N/A	N/A	2,583	1,656	71,863	40,044
2015-07-14	$74.41	$73.85	49.3%	13.8%	38.2%	45.7%	47.1%	6.3%	-2.4%	2.1M	74.0M	-891.1K	2.58	27.65	N/A	N/A	1,693	4,373	71,637	40,302
2015-07-15	$74.02	$73.85	45.1%	13.2%	38.1%	36.7%	44.9%	-0.3%	-1.0%	2.7M	76.8M	-893.7K	0.80	32.26	N/A	N/A	3,253	2,615	71,703	41,660
2015-07-16	$73.81	$73.85	46.8%	12.6%	38.0%	40.3%	46.5%	5.2%	-2.6%	1.0M	94.0M	-830.1K	1.83	28.91	N/A	N/A	1,693	3,104	71,763	41,884
2015-07-17	$82.62	$73.85	42.4%	12.1%	56.1%	30.7%	41.9%	3.5%	-0.5%	2.3M	-77.2M	-1.1M	0.17	29.41	N/A	N/A	28,080	4,832	71,851	41,857
2015-07-20	$78.41	$73.85	43.0%	12.1%	57.7%	32.0%	42.6%	2.6%	-1.1%	3.3M	-1.1M	-1.2M	0.46	28.10	N/A	N/A	5,534	2,568	72,148	31,318
2015-07-21	$77.24	$76.02	43.0%	12.2%	57.8%	32.2%	43.3%	1.4%	0.7%	3.1M	9.1M	-1.2M	0.42	21.45	N/A	N/A	4,315	1,807	76,280	32,688
2015-07-22	$77.98	$76.02	43.8%	12.5%	57.7%	33.7%	44.3%	4.0%	-0.2%	3.4M	2.7M	-1.2M	0.23	24.12	N/A	N/A	7,265	1,645	76,593	32,996
2015-07-23	$71.42	$76.02	49.7%	14.3%	64.3%	46.4%	50.3%	3.1%	-2.2%	2.1M	63.8M	-968.8K	0.78	28.53	N/A	N/A	5,540	4,306	79,676	33,066
2015-07-24	$69.33	$76.02	49.9%	14.4%	62.2%	47.0%	51.0%	2.1%	-1.7%	1.5M	87.2M	-918.7K	0.87	27.86	N/A	N/A	3,555	3,105	81,060	34,673
2015-07-27	$68.42	$76.02	50.3%	15.0%	62.1%	47.8%	51.2%	2.5%	-2.2%	1.2M	93.7M	-812.7K	0.68	23.32	N/A	N/A	2,372	1,621	80,232	33,332
2015-07-28	$71.16	$76.02	49.8%	14.7%	64.1%	46.8%	51.1%	5.4%	-3.6%	1.8M	68.1M	-940.5K	0.71	27.14	N/A	N/A	2,234	1,585	80,489	33,277
2015-07-29	$71.68	$76.02	49.7%	14.7%	64.0%	46.5%	50.9%	3.1%	-2.8%	1.9M	68.3M	-943.2K	0.42	22.25	N/A	N/A	3,072	1,302	80,927	33,625
2015-07-30	$72.07	$73.85	49.1%	14.6%	63.2%	45.3%	49.8%	2.3%	0.0%	2.0M	67.5M	-928.0K	0.56	22.07	N/A	N/A	2,598	1,466	81,586	33,578
2015-07-31	$73.85	$73.85	48.0%	14.1%	63.6%	42.9%	49.3%	4.6%	0.4%	2.3M	43.0M	-1.0M	0.26	22.74	N/A	N/A	17,275	4,560	81,747	33,656