HTZ Options History — August 2016

In August 2016, HTZ traded between $38.59 and $44.59. ATM implied volatility averaged 46.7%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 4.0% (HV 20d: 42.7%). Max pain ranged from $36.92 to $43.44. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.04.

Notable Days

2016-08-10: Highest Volume — 4,950 contracts
2016-08-09: Largest IV drop — 20.0% change
2016-08-02: Highest IV Rank — 16.8%
2016-08-02: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.05	$38.59	$44.59	$40.56	$42.88
Max Pain	$40.51	$36.92	$43.44	$36.92	$43.44
ATM IV	46.7%	38.6%	65.4%	62.6%	41.3%
Expected Move	13.2%	11.1%	18.7%	17.9%	11.9%
HV 20d	42.7%	33.5%	51.1%	46.3%	33.7%
HV 60d	74.5%	69.7%	78.1%	77.8%	69.7%
IV Rank	4.7%	0.0%	16.8%	15.0%	1.8%
IV Percentile	19.9%	0.0%	81.3%	71.0%	4.0%
Term Structure	0.2%	-10.8%	4.3%	-10.5%	-1.6%
VWIV	45.5%	34.4%	61.1%	61.1%	37.6%
Skew 25d	5.2%	-1.9%	9.7%	2.8%	3.6%
Skew 10d	8.8%	-3.0%	18.5%	5.1%	-1.3%
Call IV 25d	43.3%	36.3%	59.8%	58.3%	39.3%
Put IV 25d	48.5%	38.5%	66.3%	61.1%	42.9%
Bid-Ask Spread %	42.92	21.51	85.91	85.82	80.33
Gamma HHI	0.21	0.17	0.26	0.26	0.19
Net GEX	536.3K	282.5K	1.0M	292.6K	619.2K
Net DEX	-35.6M	-54.3M	-18.4M	-29.8M	-38.1M
Net VEX	-61.3K	-74.9K	-44.4K	-46.4K	-74.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.27	4.00	0.99	1.03
Total Volume	1,983.261	348	4,950	696	1,141
Total OI	17,007.522	12,079	21,919	12,496	21,144

Daily Data (23 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
2016-08-01	$40.56	$36.92	62.6%	17.9%	46.3%	15.0%	61.1%	2.8%	-10.5%	292.6K	-29.8M	-46.4K	0.99	85.82	N/A	N/A	350	346	10,644	1,852
2016-08-02	$38.59	$36.92	65.4%	18.7%	49.9%	16.8%	59.3%	7.8%	-10.8%	282.5K	-26.3M	-44.4K	0.95	85.15	N/A	N/A	757	719	10,670	1,929
2016-08-03	$39.12	$36.92	59.1%	17.0%	50.1%	12.7%	60.8%	6.5%	-5.5%	293.4K	-27.8M	-47.5K	0.57	85.91	N/A	N/A	800	457	11,100	2,316
2016-08-04	$40.34	$39.10	58.5%	15.4%	51.1%	12.3%	54.0%	9.7%	-1.1%	307.2K	-29.9M	-48.7K	0.27	27.02	N/A	N/A	1,572	424	11,213	2,404
2016-08-05	$40.67	$39.10	53.9%	15.3%	37.9%	9.2%	54.6%	7.6%	-0.5%	362.7K	-33.0M	-52.3K	0.29	24.50	N/A	N/A	1,438	416	12,066	2,421
2016-08-08	$41.17	$39.10	63.5%	15.1%	37.4%	15.6%	52.9%	7.5%	-1.0%	375.1K	-34.1M	-52.8K	1.06	24.96	N/A	N/A	1,540	1,637	12,262	2,507
2016-08-09	$39.12	$39.10	50.8%	13.9%	39.1%	7.2%	48.6%	7.3%	0.1%	331.6K	-29.2M	-52.6K	0.80	30.13	N/A	N/A	1,234	985	13,196	3,696
2016-08-10	$38.87	$39.10	44.9%	12.9%	39.1%	3.3%	45.0%	4.5%	2.7%	341.6K	-28.5M	-51.5K	0.38	28.54	N/A	N/A	3,584	1,366	13,179	3,741
2016-08-11	$39.50	$39.10	43.7%	12.5%	39.6%	2.5%	45.2%	5.1%	3.9%	422.3K	-33.5M	-64.4K	0.52	31.92	N/A	N/A	2,345	1,226	14,435	4,398
2016-08-12	$40.61	$39.10	42.3%	12.1%	41.2%	1.6%	44.0%	6.5%	2.2%	391.3K	-37.1M	-62.6K	0.44	25.30	N/A	N/A	2,314	1,008	14,947	4,482
2016-08-15	$42.44	$39.10	41.7%	12.0%	44.5%	1.2%	44.4%	5.4%	3.0%	497.5K	-42.4M	-61.4K	0.29	25.31	N/A	N/A	2,759	795	14,955	4,472
2016-08-16	$43.32	$39.10	40.7%	11.7%	45.0%	0.5%	42.0%	5.3%	4.0%	655.2K	-46.3M	-66.0K	0.30	30.49	N/A	N/A	2,348	712	15,396	4,373
2016-08-17	$43.06	$39.10	41.2%	11.8%	44.5%	0.8%	41.7%	5.3%	4.3%	685.3K	-23.1M	-61.9K	0.44	59.31	N/A	N/A	1,107	491	10,574	3,811
2016-08-18	$44.59	$41.27	40.6%	11.6%	46.4%	0.5%	42.6%	3.6%	2.5%	1.0M	-30.2M	-64.2K	0.36	38.01	N/A	N/A	1,175	420	11,500	4,024
2016-08-19	$44.31	$41.27	42.0%	12.0%	45.7%	1.4%	41.1%	5.7%	1.8%	647.5K	-54.3M	-72.1K	0.99	28.97	N/A	N/A	759	753	17,229	4,690
2016-08-22	$44.32	$43.44	42.2%	12.1%	45.6%	1.5%	43.2%	5.1%	1.7%	682.4K	-43.8M	-71.5K	1.31	27.61	N/A	N/A	412	541	14,646	3,471
2016-08-23	$44.49	$43.44	42.2%	12.1%	45.6%	1.5%	39.5%	5.6%	1.6%	697.4K	-45.3M	-69.6K	1.00	28.27	N/A	N/A	442	442	14,710	3,606
2016-08-24	$44.04	$43.44	39.3%	11.3%	42.7%	0.0%	39.9%	2.3%	3.5%	656.5K	-18.4M	-63.9K	2.87	27.47	N/A	N/A	90	258	9,015	3,064
2016-08-25	$44.02	$43.44	40.4%	11.6%	42.6%	0.7%	38.8%	5.2%	3.1%	691.9K	-43.1M	-69.6K	1.16	25.10	N/A	N/A	344	399	14,809	3,637
2016-08-26	$43.94	$43.44	38.6%	11.1%	41.7%	0.0%	36.9%	5.6%	1.5%	724.4K	-42.8M	-68.4K	4.00	21.51	N/A	N/A	414	1,656	14,815	3,660
2016-08-29	$44.00	$43.44	40.0%	11.5%	38.1%	0.9%	34.4%	4.0%	-1.7%	710.3K	-42.7M	-70.0K	2.73	73.51	N/A	N/A	470	1,283	14,846	4,797
2016-08-30	$43.23	$43.44	39.2%	11.2%	33.5%	0.3%	38.1%	-1.9%	0.9%	648.8K	-39.7M	-72.3K	1.09	72.08	N/A	N/A	901	985	14,958	5,513
2016-08-31	$42.88	$43.44	41.3%	11.9%	33.7%	1.8%	37.6%	3.6%	-1.6%	619.2K	-38.1M	-74.9K	1.03	80.33	N/A	N/A	562	579	15,292	5,852