HTZ Options History — May 2018

In May 2018, HTZ traded between $13.13 and $19.66. ATM implied volatility averaged 60.4%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 28.5% (HV 20d: 89.0%). Max pain ranged from $14.77 to $19.11. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 3.80.

Notable Days

2018-05-09: Highest Volume — 83,463 contracts
2018-05-08: Largest IV drop — 50.7% change
2018-05-07: Highest IV Rank — 71.5%
2018-05-01: Largest Expected Move — 24.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.50	$13.13	$19.66	$18.39	$13.13
Max Pain	$16.82	$14.77	$19.11	$18.25	$14.77
ATM IV	60.4%	45.6%	109.7%	85.3%	51.0%
Expected Move	16.0%	13.1%	24.4%	24.4%	14.6%
HV 20d	89.0%	47.9%	101.8%	47.9%	95.3%
HV 60d	67.8%	57.1%	74.0%	57.1%	67.0%
IV Rank	15.6%	0.0%	71.5%	43.5%	6.0%
IV Percentile	23.3%	0.0%	95.6%	78.6%	6.7%
Term Structure	-2.6%	-22.0%	2.7%	-22.0%	-1.2%
VWIV	56.4%	46.5%	85.2%	84.7%	49.2%
Skew 25d	5.4%	2.3%	10.8%	10.4%	4.1%
Skew 10d	8.6%	4.4%	17.9%	17.9%	6.4%
Call IV 25d	53.5%	44.3%	80.2%	80.2%	49.9%
Put IV 25d	58.9%	49.0%	91.0%	90.6%	54.0%
Bid-Ask Spread %	16.32	1.64	26.79	21.93	12.53
Gamma HHI	0.10	0.07	0.13	0.09	0.13
Net GEX	-1.3M	-2.0M	126.4K	-127.0K	-1.6M
Net DEX	58.4M	-16.6M	91.2M	289.1K	88.4M
Net VEX	-750.9K	-798.9K	-712.9K	-739.5K	-716.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.80	1.02	13.13	1.14	3.28
Total Volume	25,116.273	12,403	83,463	21,519	15,730
Total OI	251,010.818	200,091	280,092	200,091	264,611

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
2018-05-01	$18.39	$18.25	85.3%	24.4%	47.9%	43.5%	84.7%	10.4%	-22.0%	-127.0K	289.1K	-739.5K	1.14	21.93	N/A	N/A	10,071	11,448	61,099	138,992
2018-05-02	$19.66	$18.25	85.0%	24.4%	52.3%	43.2%	85.2%	10.8%	-20.6%	126.4K	-16.6M	-755.9K	2.02	19.77	N/A	N/A	4,434	8,951	67,124	145,290
2018-05-03	$17.86	$19.11	97.0%	19.4%	63.0%	57.0%	66.4%	6.3%	-9.1%	-306.4K	11.8M	-764.8K	1.02	22.87	N/A	N/A	10,559	10,814	68,465	148,149
2018-05-04	$18.57	$19.11	99.4%	20.0%	63.9%	59.7%	69.6%	8.1%	-8.6%	-347.7K	6.4M	-798.9K	2.66	18.42	N/A	N/A	4,809	12,788	64,447	153,088
2018-05-07	$19.22	$18.25	109.7%	20.1%	64.9%	71.5%	68.2%	6.5%	-9.0%	-181.3K	-5.0M	-764.7K	1.09	20.56	N/A	N/A	12,298	13,386	66,064	152,938
2018-05-08	$15.74	$19.11	54.1%	14.9%	96.3%	7.9%	49.6%	4.8%	-0.7%	-1.7M	58.4M	-715.5K	2.70	1.64	N/A	N/A	9,796	26,433	70,967	161,213
2018-05-09	$14.82	$17.38	53.1%	15.2%	98.1%	6.8%	55.0%	6.5%	0.6%	-1.6M	79.1M	-712.9K	13.13	18.98	N/A	N/A	5,907	77,556	73,258	170,447
2018-05-10	$14.79	$17.38	51.0%	14.6%	96.4%	4.4%	50.7%	5.5%	0.4%	-1.9M	79.5M	-740.5K	5.88	16.29	N/A	N/A	4,714	27,736	75,153	189,151
2018-05-11	$15.35	$17.38	49.6%	14.2%	98.0%	2.8%	52.9%	5.4%	1.7%	-2.0M	71.9M	-776.9K	5.52	26.79	N/A	N/A	6,250	34,524	76,137	194,571
2018-05-14	$14.76	$16.51	48.6%	13.9%	96.9%	1.6%	51.5%	3.7%	2.5%	-2.0M	83.9M	-770.8K	2.68	17.73	N/A	N/A	7,585	20,346	77,763	200,605
2018-05-15	$14.73	$16.51	49.4%	14.2%	93.5%	2.5%	54.8%	4.3%	1.9%	-1.6M	82.1M	-771.0K	3.87	17.22	N/A	N/A	4,292	16,595	81,159	197,989
2018-05-16	$15.26	$16.51	48.5%	13.9%	94.7%	1.5%	53.5%	3.7%	0.7%	-1.7M	71.1M	-775.8K	3.76	14.77	N/A	N/A	4,754	17,859	81,691	198,156
2018-05-17	$15.73	$16.51	46.8%	13.4%	95.7%	0.0%	50.5%	4.1%	2.5%	-1.8M	62.8M	-780.0K	2.82	17.03	N/A	N/A	5,235	14,754	81,738	198,354
2018-05-18	$14.17	$16.51	52.7%	15.1%	101.8%	6.8%	52.7%	2.5%	0.7%	-1.5M	91.2M	-737.1K	3.04	17.06	N/A	N/A	7,874	23,957	81,761	197,330
2018-05-21	$14.31	$15.64	51.0%	14.6%	99.6%	4.9%	49.0%	5.7%	-1.2%	-1.6M	70.9M	-749.1K	4.89	11.84	N/A	N/A	3,788	18,529	64,013	185,872
2018-05-22	$14.53	$15.64	47.4%	13.6%	100.0%	0.8%	47.7%	4.9%	0.6%	-1.6M	68.5M	-751.1K	5.82	12.14	N/A	N/A	3,452	20,081	64,773	188,578
2018-05-23	$14.61	$15.64	47.8%	13.7%	99.9%	1.2%	47.7%	4.9%	0.4%	-1.6M	67.2M	-757.3K	5.74	15.47	N/A	N/A	2,591	14,871	65,026	188,598
2018-05-24	$14.49	$15.64	45.6%	13.1%	99.7%	0.0%	46.5%	4.9%	2.7%	-1.6M	67.7M	-751.4K	6.04	13.86	N/A	N/A	2,515	15,201	65,187	188,519
2018-05-25	$14.15	$15.64	49.3%	14.1%	98.8%	4.1%	48.8%	6.3%	0.1%	-1.6M	72.7M	-749.3K	2.18	14.39	N/A	N/A	3,903	8,500	65,815	190,433
2018-05-29	$13.30	$15.64	54.4%	15.6%	100.0%	9.8%	53.9%	3.8%	-0.7%	-1.6M	85.9M	-720.8K	1.90	10.19	N/A	N/A	4,406	8,390	66,862	191,484
2018-05-30	$13.37	$14.77	52.8%	15.1%	100.2%	8.0%	52.8%	2.3%	0.4%	-1.6M	85.4M	-719.2K	2.40	17.51	N/A	N/A	4,381	10,495	67,785	191,583
2018-05-31	$13.13	$14.77	51.0%	14.6%	95.3%	6.0%	49.2%	4.1%	-1.2%	-1.6M	88.4M	-716.8K	3.28	12.53	N/A	N/A	3,679	12,051	69,794	194,817