HTZ Options History — January 2016

In January 2016, HTZ traded between $38.97 and $60.99. ATM implied volatility averaged 63.0%, placing in the 78.2% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded above realized volatility by 9.6% (HV 20d: 53.3%). Max pain ranged from $47.78 to $65.16. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.11.

Notable Days

2016-01-14: Highest Volume — 42,122 contracts
2016-01-13: Largest IV spike — 11.3% change
2016-01-20: Highest IV Rank — 100.0%
2016-01-20: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.57	$38.97	$60.99	$60.90	$38.97
Max Pain	$53.73	$47.78	$65.16	$65.16	$47.78
ATM IV	63.0%	48.4%	73.3%	48.7%	65.6%
Expected Move	18.0%	14.2%	21.0%	14.5%	19.5%
HV 20d	53.3%	44.0%	66.6%	44.7%	65.0%
HV 60d	52.4%	46.8%	58.3%	49.4%	58.3%
IV Rank	78.2%	46.0%	100.0%	46.7%	83.1%
IV Percentile	95.5%	75.4%	100.0%	77.0%	96.0%
Term Structure	-0.8%	-4.8%	2.2%	2.2%	0.3%
VWIV	61.5%	49.4%	71.8%	49.4%	65.7%
Skew 25d	8.9%	4.9%	12.3%	6.0%	7.4%
Skew 10d	13.8%	-18.8%	49.3%	22.4%	11.8%
Call IV 25d	59.3%	46.4%	67.5%	48.4%	62.4%
Put IV 25d	68.2%	52.5%	78.0%	54.4%	69.8%
Bid-Ask Spread %	37.20	16.83	90.26	24.76	28.88
Gamma HHI	0.23	0.17	0.29	0.26	0.27
Net GEX	-260.3K	-1.4M	352.6K	-1.4M	-133.6K
Net DEX	62.4M	7.0M	116.2M	75.5M	28.5M
Net VEX	-261.7K	-328.1K	-177.5K	-327.9K	-252.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.23	2.50	1.11	1.14
Total Volume	5,999.421	1,700	42,122	2,153	3,897
Total OI	77,755.737	55,531	105,717	91,569	59,927

Daily Data (19 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
2016-01-04	$60.90	$65.16	48.7%	14.5%	44.7%	46.7%	49.4%	6.0%	2.2%	-1.4M	75.5M	-327.9K	1.11	24.76	N/A	N/A	1,020	1,133	60,613	30,956
2016-01-05	$60.99	$65.16	48.4%	14.2%	44.0%	46.0%	49.4%	6.1%	1.4%	-1.4M	74.6M	-328.1K	1.37	18.88	N/A	N/A	717	983	60,991	31,276
2016-01-06	$56.91	$65.16	51.8%	15.0%	50.0%	53.8%	51.0%	8.0%	-0.5%	-1.0M	98.3M	-289.4K	1.13	21.04	N/A	N/A	1,735	1,965	61,065	31,385
2016-01-07	$54.69	$60.82	56.7%	15.5%	50.0%	64.8%	52.8%	8.2%	-0.1%	-777.7K	107.2M	-271.9K	2.36	22.44	N/A	N/A	861	2,035	62,153	31,903
2016-01-08	$51.39	$60.82	56.2%	16.2%	51.0%	63.8%	56.1%	7.2%	1.4%	-314.3K	115.0M	-231.4K	1.29	18.15	N/A	N/A	1,744	2,255	61,953	31,801
2016-01-11	$50.26	$60.82	58.8%	16.3%	50.1%	69.6%	55.5%	9.3%	-2.6%	-238.8K	114.9M	-214.3K	1.28	16.83	N/A	N/A	782	1,003	62,080	31,382
2016-01-12	$48.52	$60.82	60.1%	17.3%	50.8%	72.6%	55.8%	8.6%	0.5%	-240.0K	116.2M	-192.5K	0.49	23.03	N/A	N/A	3,451	1,700	62,202	31,337
2016-01-13	$45.35	$56.47	66.8%	18.9%	53.9%	87.9%	59.6%	10.1%	-0.5%	-81.4K	114.6M	-177.5K	1.12	37.80	N/A	N/A	3,011	3,379	64,700	31,777
2016-01-14	$44.09	$47.78	68.9%	19.0%	53.1%	92.7%	65.8%	10.7%	-4.2%	-45.9K	111.8M	-184.1K	0.88	67.41	N/A	N/A	22,412	19,710	66,621	32,617
2016-01-15	$42.27	$47.78	70.8%	19.3%	46.6%	96.8%	65.1%	10.8%	-4.8%	110.5K	68.6M	-293.2K	0.23	77.76	N/A	N/A	12,278	2,765	68,962	36,755
2016-01-19	$39.75	$47.78	71.1%	20.3%	48.7%	97.6%	67.7%	10.9%	-2.1%	-83.6K	30.7M	-263.1K	1.19	42.26	N/A	N/A	1,289	1,534	30,923	26,186
2016-01-20	$39.83	$47.78	73.3%	21.0%	49.4%	100.0%	70.4%	10.5%	-1.4%	-81.4K	28.8M	-267.3K	0.95	46.81	N/A	N/A	1,504	1,430	31,747	26,413
2016-01-21	$40.92	$47.78	69.4%	19.9%	52.3%	91.4%	71.8%	10.3%	-1.3%	-74	23.6M	-278.6K	0.65	21.56	N/A	N/A	1,487	969	32,391	26,369
2016-01-22	$42.35	$47.78	65.4%	18.7%	53.6%	82.7%	66.0%	8.8%	-0.2%	93.9K	16.9M	-282.9K	0.90	32.89	N/A	N/A	1,267	1,146	32,899	26,373
2016-01-25	$40.44	$47.78	66.5%	19.3%	52.8%	85.1%	69.1%	4.9%	-2.0%	17.9K	22.5M	-266.5K	1.38	27.19	N/A	N/A	745	1,026	29,894	25,637
2016-01-26	$44.40	$47.78	66.0%	19.3%	66.0%	83.9%	67.6%	10.4%	-0.1%	92.2K	7.0M	-292.2K	0.44	51.28	N/A	N/A	3,767	1,656	30,070	26,043
2016-01-27	$41.96	$47.78	66.9%	19.3%	66.6%	85.9%	67.2%	9.1%	-1.1%	352.6K	9.7M	-294.7K	0.57	37.59	N/A	N/A	1,385	790	32,881	26,943
2016-01-28	$40.75	$47.78	64.8%	18.2%	64.6%	81.3%	62.9%	12.3%	-0.4%	163.5K	20.6M	-264.1K	2.50	90.26	N/A	N/A	1,472	3,686	33,008	27,126
2016-01-29	$38.97	$47.78	65.6%	19.5%	65.0%	83.1%	65.7%	7.4%	0.3%	-133.6K	28.5M	-252.9K	1.14	28.88	N/A	N/A	1,823	2,074	33,137	26,790