HTZ Options History — January 2017

In January 2017, HTZ traded between $17.96 and $20.53. ATM implied volatility averaged 57.1%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 13.4% (HV 20d: 43.7%). Max pain ranged from $17.38 to $21.72. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.94.

Notable Days

2017-01-05: Highest Volume — 20,253 contracts
2017-01-30: Largest IV spike — 9.7% change
2017-01-04: Highest IV Rank — 16.9%
2017-01-06: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.96	$17.96	$20.53	$19.61	$18.26
Max Pain	$17.92	$17.38	$21.72	$21.72	$17.38
ATM IV	57.1%	50.5%	61.9%	59.3%	54.9%
Expected Move	16.5%	14.5%	18.0%	17.0%	15.7%
HV 20d	43.7%	33.0%	61.6%	59.5%	34.3%
HV 60d	72.3%	72.0%	72.7%	72.4%	72.4%
IV Rank	13.9%	9.7%	16.9%	15.3%	12.5%
IV Percentile	43.3%	19.4%	64.7%	55.6%	32.1%
Term Structure	7.6%	-0.6%	12.6%	1.3%	11.4%
VWIV	59.0%	51.4%	68.6%	60.8%	55.0%
Skew 25d	4.7%	3.3%	6.8%	4.5%	3.4%
Skew 10d	8.5%	-0.4%	16.4%	11.8%	3.9%
Call IV 25d	55.9%	50.0%	60.3%	60.3%	52.1%
Put IV 25d	60.6%	54.1%	66.4%	64.8%	55.5%
Bid-Ask Spread %	26.31	10.15	80.85	80.85	13.46
Gamma HHI	0.26	0.18	0.33	0.18	0.25
Net GEX	-41.1K	-524.3K	296.4K	-69.0K	219.8K
Net DEX	-525.6K	-10.2M	9.5M	7.2M	-7.2M
Net VEX	-176.2K	-193.4K	-139.6K	-139.6K	-189.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.22	2.11	0.59	0.70
Total Volume	7,169	2,852	20,253	4,240	7,563
Total OI	83,976.55	60,021	103,866	60,021	90,678

Daily Data (20 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
2017-01-03	$19.61	$21.72	59.3%	17.0%	59.5%	15.3%	60.8%	4.5%	1.3%	-69.0K	7.2M	-139.6K	0.59	80.85	N/A	N/A	2,671	1,569	34,166	25,855
2017-01-04	$20.53	$21.72	61.9%	17.7%	61.6%	16.9%	60.0%	6.2%	-0.6%	172.7K	1.1M	-152.1K	1.65	76.55	N/A	N/A	4,660	7,701	35,058	26,197
2017-01-05	$20.35	$19.55	61.2%	17.9%	61.6%	16.5%	68.6%	6.6%	5.8%	6.5K	4.0M	-161.7K	1.24	27.87	N/A	N/A	9,049	11,204	35,140	30,933
2017-01-06	$20.30	$17.38	59.8%	18.0%	61.4%	15.6%	65.0%	6.8%	4.9%	-23.3K	-4.2M	-190.3K	0.72	22.16	N/A	N/A	1,660	1,192	43,108	41,116
2017-01-09	$19.75	$17.38	59.4%	17.8%	60.1%	15.4%	67.3%	5.5%	6.2%	-177.0K	-589.7K	-182.0K	0.96	32.66	N/A	N/A	3,488	3,360	43,050	41,429
2017-01-10	$19.56	$17.38	56.3%	17.5%	60.1%	13.4%	66.2%	5.4%	6.2%	-223.0K	-850.0K	-185.6K	0.30	28.26	N/A	N/A	3,514	1,065	45,013	43,824
2017-01-11	$19.60	$17.38	60.4%	17.3%	56.4%	16.0%	61.2%	4.5%	6.6%	-303.3K	-156.7K	-182.9K	0.28	22.72	N/A	N/A	4,457	1,243	45,276	43,979
2017-01-12	$19.13	$17.38	59.8%	17.2%	44.4%	15.6%	62.2%	4.0%	7.4%	-428.4K	2.9M	-182.2K	0.77	28.57	N/A	N/A	1,665	1,282	46,271	44,312
2017-01-13	$19.01	$17.38	57.3%	16.4%	36.1%	14.0%	61.6%	6.2%	6.9%	-521.8K	4.6M	-178.3K	1.02	26.29	N/A	N/A	1,667	1,693	46,408	44,410
2017-01-17	$18.82	$17.38	58.1%	16.6%	33.0%	14.5%	63.5%	3.5%	9.1%	-524.3K	5.9M	-170.3K	1.00	17.05	N/A	N/A	4,004	4,014	46,810	44,699
2017-01-18	$18.30	$17.38	58.6%	16.8%	33.4%	14.9%	60.8%	5.0%	8.0%	-247.6K	9.5M	-170.2K	0.72	10.15	N/A	N/A	5,739	4,157	49,249	46,835
2017-01-19	$17.96	$17.38	56.9%	16.3%	33.8%	13.7%	51.4%	4.3%	7.4%	59.5K	7.0M	-173.5K	0.68	22.79	N/A	N/A	4,656	3,159	52,998	49,133
2017-01-20	$18.21	$17.38	55.5%	15.9%	34.3%	12.8%	54.2%	3.9%	7.1%	70.5K	5.1M	-176.5K	1.68	19.00	N/A	N/A	1,984	3,333	54,166	49,700
2017-01-23	$18.18	$17.38	54.7%	15.7%	34.1%	12.4%	56.1%	5.9%	10.7%	51.6K	-4.4M	-171.4K	0.56	19.65	N/A	N/A	2,548	1,428	31,046	40,737
2017-01-24	$18.11	$17.38	54.8%	15.7%	33.1%	12.4%	52.0%	4.6%	9.9%	92.1K	-5.6M	-173.5K	0.22	13.47	N/A	N/A	8,341	1,805	32,057	41,258
2017-01-25	$18.51	$17.38	53.3%	15.3%	34.1%	11.4%	54.6%	3.6%	9.6%	281.7K	-10.2M	-180.0K	1.12	16.97	N/A	N/A	2,255	2,525	37,732	42,300
2017-01-26	$18.31	$17.38	54.0%	15.5%	34.2%	11.9%	52.5%	3.3%	12.6%	250.4K	-7.8M	-187.2K	1.60	16.00	N/A	N/A	1,396	2,236	38,397	43,590
2017-01-27	$18.58	$17.38	50.5%	14.5%	33.7%	9.7%	52.7%	4.1%	11.7%	296.4K	-10.1M	-184.0K	2.11	20.14	N/A	N/A	3,524	7,423	38,517	43,854
2017-01-30	$18.19	$17.38	55.5%	15.9%	34.5%	12.8%	53.4%	3.5%	10.2%	193.5K	-6.5M	-193.4K	0.86	11.53	N/A	N/A	4,374	3,776	40,669	49,561
2017-01-31	$18.26	$17.38	54.9%	15.7%	34.3%	12.5%	55.0%	3.4%	11.4%	219.8K	-7.2M	-189.5K	0.70	13.46	N/A	N/A	4,445	3,118	40,987	49,691