HTZ Options History — December 2016

In December 2016, HTZ traded between $18.49 and $21.95. ATM implied volatility averaged 55.6%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 6.7% (HV 20d: 62.3%). Max pain ranged from $21.72 to $23.89. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.97.

Notable Days

2016-12-13: Highest Volume — 12,051 contracts
2016-12-12: Largest IV spike — 26.6% change
2016-12-13: Highest IV Rank — 23.3%
2016-12-28: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.10	$18.49	$21.95	$21.36	$18.65
Max Pain	$22.86	$21.72	$23.89	$23.89	$21.72
ATM IV	55.6%	48.1%	71.7%	50.1%	56.7%
Expected Move	15.4%	13.6%	16.6%	14.4%	16.3%
HV 20d	62.3%	33.8%	108.3%	108.3%	55.9%
HV 60d	71.6%	69.3%	74.5%	70.2%	71.4%
IV Rank	12.9%	8.1%	23.3%	9.4%	13.6%
IV Percentile	39.6%	19.8%	90.1%	23.8%	41.3%
Term Structure	4.9%	0.3%	9.9%	0.4%	2.4%
VWIV	54.3%	48.9%	60.7%	53.6%	58.4%
Skew 25d	5.4%	2.7%	7.5%	5.3%	2.7%
Skew 10d	10.2%	0.8%	21.2%	7.6%	0.8%
Call IV 25d	52.7%	46.6%	59.8%	51.5%	59.8%
Put IV 25d	58.0%	51.8%	62.8%	56.8%	62.5%
Bid-Ask Spread %	32.44	8.33	83.02	14.67	79.72
Gamma HHI	0.25	0.18	0.44	0.27	0.18
Net GEX	-175.0K	-448.5K	-31.5K	-255.8K	-129.1K
Net DEX	15.2M	8.7M	26.3M	17.8M	10.2M
Net VEX	-116.8K	-137.6K	-87.9K	-110.0K	-137.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.27	2.09	1.58	0.60
Total Volume	5,131.81	2,634	12,051	4,185	4,257
Total OI	59,405.81	45,568	73,689	57,309	60,277

Daily Data (21 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
2016-12-01	$21.36	$23.89	50.1%	14.4%	108.3%	9.4%	53.6%	5.3%	0.4%	-255.8K	17.8M	-110.0K	1.58	14.67	N/A	N/A	1,622	2,563	30,970	26,339
2016-12-02	$21.31	$23.89	49.5%	14.2%	107.1%	9.0%	53.7%	6.5%	0.3%	-254.0K	18.8M	-112.2K	2.09	53.64	N/A	N/A	1,321	2,759	31,551	26,889
2016-12-05	$21.73	$23.89	53.4%	14.6%	107.7%	11.5%	49.3%	7.0%	7.6%	-241.5K	16.7M	-112.3K	0.71	16.26	N/A	N/A	2,088	1,476	31,672	27,268
2016-12-06	$21.78	$23.89	53.6%	14.4%	103.5%	11.6%	49.3%	5.1%	9.0%	-195.0K	16.1M	-111.9K	0.44	15.14	N/A	N/A	3,054	1,356	32,479	27,415
2016-12-07	$21.95	$23.89	54.9%	14.4%	35.1%	12.5%	50.6%	7.5%	9.0%	-101.6K	14.5M	-114.6K	0.68	15.68	N/A	N/A	2,869	1,952	34,040	27,621
2016-12-08	$20.96	$23.89	51.9%	13.9%	34.7%	10.5%	49.3%	6.4%	9.2%	-325.0K	22.7M	-102.6K	0.63	11.97	N/A	N/A	2,308	1,453	34,510	28,164
2016-12-09	$20.97	$23.89	48.1%	13.6%	33.8%	8.1%	48.9%	5.5%	9.9%	-319.2K	21.3M	-101.9K	1.02	14.83	N/A	N/A	1,301	1,333	34,897	28,094
2016-12-12	$19.77	$23.89	60.9%	14.9%	38.3%	16.3%	50.8%	5.7%	7.6%	-352.2K	26.3M	-87.9K	1.02	14.69	N/A	N/A	1,798	1,835	35,069	28,010
2016-12-13	$21.73	$23.89	71.7%	15.5%	53.4%	23.3%	54.6%	7.2%	9.0%	-81.4K	12.3M	-106.9K	0.38	18.56	N/A	N/A	8,743	3,308	35,268	26,353
2016-12-14	$20.14	$23.89	57.9%	16.6%	58.6%	14.4%	56.9%	5.6%	7.0%	-255.4K	19.3M	-106.3K	1.80	11.82	N/A	N/A	3,660	6,571	38,618	27,570
2016-12-15	$19.30	$23.89	56.6%	16.2%	59.6%	13.6%	57.4%	4.0%	8.5%	-448.5K	24.8M	-111.5K	1.76	11.57	N/A	N/A	2,780	4,906	39,692	31,761
2016-12-16	$19.67	$21.72	55.1%	15.8%	57.9%	12.6%	55.5%	4.4%	9.0%	-113.2K	21.5M	-118.3K	1.97	13.42	N/A	N/A	2,035	4,014	40,879	32,810
2016-12-19	$19.63	$21.72	55.4%	15.9%	57.8%	12.8%	53.6%	5.2%	2.6%	-136.8K	9.5M	-120.5K	0.27	13.82	N/A	N/A	8,029	2,198	23,346	22,222
2016-12-20	$19.42	$21.72	54.1%	15.5%	56.8%	12.0%	54.6%	5.6%	3.6%	-31.5K	9.0M	-125.1K	0.84	83.02	N/A	N/A	1,647	1,390	29,288	22,501
2016-12-21	$19.55	$21.72	55.0%	15.8%	56.4%	12.5%	55.4%	6.3%	1.3%	-39.5K	8.9M	-125.3K	1.00	75.67	N/A	N/A	1,442	1,440	29,834	22,802
2016-12-22	$19.04	$21.72	54.3%	15.6%	56.7%	12.1%	56.6%	4.5%	2.7%	-74.5K	10.1M	-126.2K	1.32	8.33	N/A	N/A	1,533	2,018	30,073	23,554
2016-12-23	$19.16	$21.72	55.5%	15.9%	57.0%	12.8%	55.7%	4.0%	2.0%	-66.4K	10.0M	-128.2K	0.66	80.56	N/A	N/A	2,843	1,882	30,439	24,036
2016-12-27	$19.02	$21.72	57.4%	16.5%	56.6%	14.1%	57.4%	5.0%	1.0%	-48.6K	8.7M	-131.8K	0.49	13.87	N/A	N/A	2,570	1,261	31,161	24,573
2016-12-28	$18.57	$21.72	58.0%	16.6%	56.9%	14.5%	57.7%	6.1%	0.3%	-82.0K	9.7M	-130.1K	0.62	80.67	N/A	N/A	2,970	1,832	32,252	24,448
2016-12-29	$18.49	$21.72	56.7%	16.3%	56.1%	13.6%	60.7%	2.8%	1.4%	-123.0K	11.0M	-131.4K	0.50	33.42	N/A	N/A	2,233	1,118	33,341	25,436
2016-12-30	$18.65	$21.72	56.7%	16.3%	55.9%	13.6%	58.4%	2.7%	2.4%	-129.1K	10.2M	-137.6K	0.60	79.72	N/A	N/A	2,669	1,588	34,643	25,634