HTZ Options History — June 2016

In June 2016, HTZ traded between $42.75 and $51.56. ATM implied volatility averaged 54.8%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 7.9% (HV 20d: 62.8%). Max pain ranged from $39.10 to $41.27. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.94.

Notable Days

2016-06-09: Highest Volume — 14,354 contracts
2016-06-24: Largest IV spike — 23.2% change
2016-06-16: Highest IV Rank — 49.5%
2016-06-27: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.64	$42.75	$51.56	$42.92	$48.00
Max Pain	$39.39	$39.10	$41.27	$39.10	$41.27
ATM IV	54.8%	48.3%	63.8%	53.8%	54.9%
Expected Move	15.8%	13.7%	18.7%	15.4%	15.7%
HV 20d	62.8%	52.8%	75.5%	62.2%	74.7%
HV 60d	64.6%	61.6%	67.9%	65.7%	67.8%
IV Rank	33.0%	18.8%	49.5%	33.6%	30.2%
IV Percentile	54.8%	28.2%	75.8%	54.8%	53.6%
Term Structure	0.1%	-6.7%	5.0%	0.3%	2.2%
VWIV	55.5%	47.2%	69.6%	64.9%	55.9%
Skew 25d	7.9%	5.7%	10.6%	10.6%	7.2%
Skew 10d	19.9%	-7.9%	37.1%	36.4%	17.8%
Call IV 25d	51.6%	46.0%	58.7%	49.9%	52.3%
Put IV 25d	59.4%	53.6%	67.5%	60.5%	59.5%
Bid-Ask Spread %	36.36	14.63	108.92	25.27	108.92
Gamma HHI	0.18	0.14	0.25	0.25	0.19
Net GEX	547.8K	239.4K	781.2K	609.3K	694.8K
Net DEX	-32.8M	-55.1M	-8.0M	-20.5M	-31.7M
Net VEX	-203.6K	-226.4K	-176.5K	-180.7K	-214.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.42	1.62	0.73	0.45
Total Volume	3,262.864	1,895	14,354	2,299	2,531
Total OI	39,458	30,132	48,439	39,641	34,644

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
2016-06-01	$42.92	$39.10	53.8%	15.4%	62.2%	33.6%	64.9%	10.6%	0.3%	609.3K	-20.5M	-180.7K	0.73	25.27	N/A	N/A	1,329	970	21,025	18,616
2016-06-02	$44.66	$39.10	50.9%	15.1%	62.9%	28.3%	51.7%	6.0%	-1.1%	623.4K	-29.5M	-179.1K	0.90	14.63	N/A	N/A	2,101	1,889	21,297	18,638
2016-06-03	$43.74	$39.10	54.1%	15.0%	63.8%	34.3%	49.4%	6.4%	-0.0%	660.0K	-29.0M	-190.5K	1.01	22.69	N/A	N/A	992	1,006	22,619	19,577
2016-06-06	$46.74	$39.10	52.1%	14.8%	65.7%	30.6%	51.4%	9.0%	0.4%	747.5K	-41.8M	-180.8K	1.18	17.22	N/A	N/A	942	1,108	22,028	19,553
2016-06-07	$49.48	$39.10	50.8%	14.8%	66.7%	28.1%	48.6%	7.5%	1.4%	647.2K	-55.1M	-176.5K	0.58	19.50	N/A	N/A	2,663	1,545	22,062	19,614
2016-06-08	$49.35	$39.10	50.5%	15.1%	66.6%	27.6%	50.9%	6.9%	1.9%	771.9K	-54.8M	-187.7K	1.33	18.19	N/A	N/A	970	1,288	22,911	20,132
2016-06-09	$48.70	$39.10	52.5%	14.9%	67.3%	31.2%	50.9%	7.5%	-1.0%	781.2K	-49.1M	-190.7K	0.63	15.53	N/A	N/A	8,795	5,559	23,078	20,129
2016-06-10	$46.39	$39.10	54.9%	15.6%	60.7%	35.7%	53.6%	7.7%	-0.2%	660.1K	-40.5M	-226.4K	1.22	24.78	N/A	N/A	965	1,175	23,891	24,263
2016-06-13	$45.66	$39.10	55.4%	15.5%	57.1%	36.6%	57.4%	8.2%	5.0%	621.1K	-35.3M	-224.3K	1.14	24.10	N/A	N/A	918	1,051	23,663	24,131
2016-06-14	$44.74	$39.10	58.7%	16.8%	58.2%	40.2%	57.8%	9.1%	-0.8%	598.5K	-29.5M	-222.7K	1.23	21.63	N/A	N/A	849	1,046	23,722	24,139
2016-06-15	$46.92	$39.10	55.8%	16.0%	53.1%	33.7%	55.8%	6.6%	-0.5%	605.7K	-41.0M	-218.1K	1.04	37.05	N/A	N/A	933	967	23,739	24,235
2016-06-16	$45.40	$39.10	63.8%	18.6%	55.3%	49.5%	62.1%	9.5%	-6.7%	469.0K	-35.2M	-215.6K	0.87	29.70	N/A	N/A	1,114	966	23,851	24,273
2016-06-17	$45.79	$39.10	56.6%	16.3%	55.3%	35.2%	59.4%	5.7%	-0.8%	269.8K	-39.3M	-211.5K	0.42	26.48	N/A	N/A	2,421	1,022	24,107	24,332
2016-06-20	$48.09	$39.10	53.7%	15.5%	56.4%	29.6%	61.3%	7.9%	0.1%	340.2K	-25.4M	-205.0K	1.18	35.20	N/A	N/A	2,006	2,362	14,963	15,169
2016-06-21	$48.09	$39.10	54.3%	15.2%	56.6%	30.7%	56.2%	8.3%	-0.1%	372.2K	-26.8M	-208.3K	1.35	33.71	N/A	N/A	1,485	2,003	15,727	15,588
2016-06-22	$49.13	$39.10	52.5%	15.3%	54.5%	27.0%	47.2%	8.6%	-0.1%	396.0K	-29.3M	-212.8K	1.38	40.67	N/A	N/A	1,503	2,074	15,825	15,644
2016-06-23	$51.56	$39.10	48.3%	13.7%	52.8%	18.8%	48.6%	7.6%	-0.4%	504.3K	-38.1M	-202.5K	1.62	64.43	N/A	N/A	1,249	2,023	16,085	15,679
2016-06-24	$46.57	$39.10	59.5%	17.7%	66.8%	39.5%	55.3%	8.0%	-2.6%	397.7K	-21.0M	-212.0K	0.80	105.38	N/A	N/A	1,274	1,020	16,464	15,717
2016-06-27	$42.75	$39.10	62.2%	18.7%	74.5%	45.0%	69.6%	8.9%	0.9%	239.4K	-8.0M	-204.0K	0.48	43.63	N/A	N/A	2,211	1,053	16,099	15,324
2016-06-28	$44.61	$41.27	57.6%	16.5%	73.8%	35.7%	58.5%	8.0%	1.6%	456.3K	-15.8M	-207.3K	0.63	36.21	N/A	N/A	1,403	881	16,957	15,488
2016-06-29	$46.83	$41.27	52.8%	14.6%	75.5%	26.1%	53.9%	7.9%	2.1%	586.0K	-25.6M	-208.6K	0.62	35.03	N/A	N/A	1,312	809	17,488	15,590
2016-06-30	$48.00	$41.27	54.9%	15.7%	74.7%	30.2%	55.9%	7.2%	2.2%	694.8K	-31.7M	-214.4K	0.45	108.92	N/A	N/A	1,741	790	18,521	16,123