HTZ Options History — December 2015

In December 2015, HTZ traded between $59.38 and $67.25. ATM implied volatility averaged 49.5%, placing in the 48.6% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 3.9% (HV 20d: 45.6%). Max pain ranged from $73.85 to $78.19. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.89.

Notable Days

2015-12-15: Highest Volume — 19,768 contracts
2015-12-10: Largest IV drop — 10.4% change
2015-12-09: Highest IV Rank — 62.4%
2015-12-14: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.58	$59.38	$67.25	$67.25	$61.77
Max Pain	$74.24	$73.85	$78.19	$78.19	$73.85
ATM IV	49.5%	43.6%	55.6%	48.7%	46.7%
Expected Move	14.2%	12.2%	15.4%	15.0%	12.9%
HV 20d	45.6%	36.5%	62.0%	62.0%	45.2%
HV 60d	52.5%	50.3%	53.4%	52.8%	50.3%
IV Rank	48.6%	35.2%	62.4%	46.8%	42.3%
IV Percentile	79.8%	46.4%	97.6%	81.7%	65.5%
Term Structure	-1.2%	-5.4%	1.3%	-0.7%	1.3%
VWIV	49.6%	41.1%	55.7%	50.7%	44.0%
Skew 25d	7.3%	4.1%	9.2%	6.6%	7.4%
Skew 10d	17.7%	0.9%	33.7%	19.3%	27.0%
Call IV 25d	46.2%	40.9%	51.7%	48.2%	43.0%
Put IV 25d	53.6%	45.9%	60.0%	54.8%	50.5%
Bid-Ask Spread %	19.42	11.06	74.83	22.49	18.66
Gamma HHI	0.21	0.17	0.25	0.22	0.25
Net GEX	-477.1K	-1.3M	516.1K	-224.8K	-1.3M
Net DEX	77.3M	30.3M	119.9M	69.2M	62.5M
Net VEX	-389.2K	-482.2K	-298.7K	-470.4K	-362.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.25	3.00	0.25	0.78
Total Volume	3,926	1,543	19,768	1,773	3,148
Total OI	93,098.045	88,009	102,565	88,009	94,217

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
2015-12-01	$67.25	$78.19	48.7%	15.0%	62.0%	46.8%	50.7%	6.6%	-0.7%	-224.8K	69.2M	-470.4K	0.25	22.49	N/A	N/A	1,417	356	55,548	32,461
2015-12-02	$65.81	$78.19	50.0%	15.3%	60.1%	49.6%	54.8%	9.1%	-0.7%	-363.7K	82.0M	-434.7K	1.48	19.66	N/A	N/A	1,385	2,048	56,590	32,558
2015-12-03	$64.25	$73.85	49.8%	14.0%	60.3%	49.2%	49.5%	7.3%	-0.6%	-733.7K	91.9M	-417.6K	0.70	14.97	N/A	N/A	1,334	938	56,851	32,920
2015-12-04	$62.73	$73.85	50.4%	14.5%	60.1%	50.5%	49.5%	8.8%	-1.4%	-925.5K	106.2M	-376.3K	0.49	13.00	N/A	N/A	2,533	1,249	56,970	32,998
2015-12-07	$61.82	$73.85	51.7%	14.7%	56.9%	53.6%	45.3%	9.2%	-0.2%	-1.0M	110.8M	-346.3K	3.00	14.27	N/A	N/A	386	1,157	57,946	32,850
2015-12-08	$59.38	$73.85	53.7%	14.8%	36.5%	58.1%	49.9%	7.6%	-1.7%	-1.2M	119.9M	-305.4K	1.15	14.18	N/A	N/A	1,976	2,271	58,097	32,324
2015-12-09	$61.90	$73.85	55.6%	15.1%	40.7%	62.4%	50.0%	7.8%	-3.7%	-1.0M	104.9M	-341.1K	0.36	15.99	N/A	N/A	4,011	1,434	58,541	32,341
2015-12-10	$63.03	$73.85	49.8%	14.2%	41.5%	49.3%	54.3%	7.2%	0.5%	-684.6K	90.9M	-368.3K	0.70	13.56	N/A	N/A	1,862	1,311	59,742	32,347
2015-12-11	$62.25	$73.85	53.0%	15.0%	40.6%	56.5%	51.0%	6.4%	-2.3%	-863.9K	99.3M	-348.8K	1.77	11.06	N/A	N/A	1,489	2,633	60,079	32,419
2015-12-14	$60.03	$73.85	54.4%	15.4%	42.0%	59.6%	55.5%	8.5%	-3.1%	-750.8K	107.3M	-298.7K	0.58	14.64	N/A	N/A	2,155	1,244	60,017	30,844
2015-12-15	$60.82	$73.85	53.4%	15.2%	41.3%	57.4%	53.6%	8.8%	-2.1%	-695.1K	101.6M	-314.5K	0.64	13.99	N/A	N/A	12,022	7,746	60,872	30,885
2015-12-16	$64.29	$73.85	49.7%	14.2%	40.2%	49.1%	54.0%	8.4%	-1.1%	510.5K	53.0M	-482.2K	0.58	16.13	N/A	N/A	2,861	1,668	65,906	36,019
2015-12-17	$62.73	$73.85	50.1%	14.6%	39.7%	50.0%	52.9%	6.8%	-5.4%	516.1K	61.7M	-459.2K	0.79	15.36	N/A	N/A	1,386	1,093	66,904	35,553
2015-12-18	$62.12	$73.85	49.2%	14.2%	39.4%	47.9%	52.6%	5.1%	-2.9%	-118.5K	69.7M	-447.2K	0.74	11.67	N/A	N/A	1,488	1,106	66,915	35,650
2015-12-21	$60.99	$73.85	48.6%	14.2%	39.6%	46.5%	52.1%	6.3%	-0.3%	-604.6K	68.3M	-401.4K	0.49	20.13	N/A	N/A	2,185	1,072	61,001	31,025
2015-12-22	$62.51	$73.85	44.5%	12.6%	40.3%	37.3%	45.2%	4.1%	-0.3%	-90.9K	48.8M	-422.2K	0.70	74.83	N/A	N/A	1,472	1,026	61,702	30,895
2015-12-23	$63.42	$73.85	45.8%	12.8%	40.9%	40.1%	41.1%	6.9%	-1.0%	21.4K	41.0M	-425.1K	0.77	19.96	N/A	N/A	1,792	1,373	61,972	30,961
2015-12-24	$64.25	$73.85	43.6%	12.2%	41.0%	35.2%	41.3%	6.2%	-1.3%	154.7K	30.3M	-426.0K	0.76	17.60	N/A	N/A	1,394	1,061	62,276	31,113
2015-12-28	$61.34	$73.85	47.9%	14.0%	43.6%	44.9%	55.7%	8.9%	-0.3%	-428.1K	62.8M	-370.4K	1.03	21.94	N/A	N/A	1,390	1,438	61,939	30,618
2015-12-29	$62.95	$73.85	46.0%	12.9%	45.0%	40.6%	42.3%	7.1%	0.5%	-151.9K	51.5M	-382.7K	0.86	24.16	N/A	N/A	1,562	1,349	62,105	31,372
2015-12-30	$61.12	$73.85	46.6%	13.4%	45.3%	42.1%	45.8%	6.0%	-0.7%	-582.9K	66.0M	-361.3K	1.00	19.03	N/A	N/A	1,778	1,773	62,395	31,419
2015-12-31	$61.77	$73.85	46.7%	12.9%	45.2%	42.3%	44.0%	7.4%	1.3%	-1.3M	62.5M	-362.6K	0.78	18.66	N/A	N/A	1,766	1,382	62,452	31,765