HTZ Options History — March 2019

In March 2019, HTZ traded between $13.87 and $17.43. ATM implied volatility averaged 53.3%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 9.3% (HV 20d: 62.6%). Max pain ranged from $13.90 to $16.51. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.46.

Notable Days

  • 2019-03-05: Highest Volume — 30,720 contracts
  • 2019-03-04: Largest IV spike — 10.6% change
  • 2019-03-08: Highest IV Rank — 13.8%
  • 2019-03-22: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.88$13.87$17.43$16.86$15.17
Max Pain$15.12$13.90$16.51$16.51$14.77
ATM IV53.3%49.2%58.7%50.4%49.2%
Expected Move17.5%14.5%18.8%14.5%18.5%
HV 20d62.6%53.6%72.9%53.6%58.3%
HV 60d60.5%57.5%63.4%58.7%57.5%
IV Rank8.1%3.7%13.8%5.1%3.7%
IV Percentile18.2%3.6%43.3%6.7%3.6%
Term Structure0.8%-2.2%6.0%2.5%0.8%
VWIV60.8%51.6%66.3%51.6%62.9%
Skew 25d6.3%4.2%8.0%4.3%6.7%
Skew 10d16.0%8.9%31.5%13.7%16.7%
Call IV 25d50.3%45.9%57.0%49.3%45.9%
Put IV 25d56.5%52.6%62.0%53.6%52.6%
Bid-Ask Spread %14.427.3019.397.3013.22
Gamma HHI0.130.110.160.120.16
Net GEX-569.4K-998.0K211.5K-587.9K211.5K
Net DEX17.1M-14.1M37.6M-5.8M7.2M
Net VEX-434.4K-458.1K-423.8K-454.8K-432.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.523.461.400.81
Total Volume6,454.2861,27130,7205,8114,085
Total OI168,836.571154,438180,192171,381164,107

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$16.86$16.5150.4%14.5%53.6%5.1%51.6%4.3%2.5%-587.9K-5.8M-454.8K1.407.30N/AN/A2,4243,38742,806128,575
2019-03-04$17.43$16.5155.8%16.0%54.3%10.8%55.3%7.8%6.0%-446.4K-14.1M-443.4K0.8813.44N/AN/A4,6064,04242,970130,305
2019-03-05$15.70$16.5157.6%16.5%67.6%12.6%54.9%6.6%5.5%-998.0K15.1M-458.1K3.4615.14N/AN/A6,88923,83143,567132,886
2019-03-06$15.13$16.5156.4%16.2%69.1%11.4%54.2%5.9%4.5%-824.9K19.9M-448.5K0.5211.04N/AN/A3,1451,64245,936129,170
2019-03-07$14.29$16.5157.9%17.4%72.2%13.0%60.3%6.4%-1.5%-846.6K32.9M-438.8K2.3911.57N/AN/A5,62613,46946,342129,342
2019-03-08$13.87$16.5158.7%17.0%72.9%13.8%59.8%4.5%-0.1%-858.0K37.6M-431.0K2.838.55N/AN/A2,4556,93847,026131,407
2019-03-11$14.14$15.6457.9%18.0%71.0%13.0%59.7%7.6%0.1%-808.4K34.5M-428.3K0.6716.67N/AN/A2,2081,48747,455131,569
2019-03-12$14.07$15.6457.3%17.8%62.9%12.4%62.4%7.1%-1.6%-813.5K36.1M-424.7K2.3714.49N/AN/A1,3213,12848,289131,903
2019-03-13$14.47$15.6455.2%17.3%63.3%10.1%61.8%6.3%-2.0%-688.5K27.7M-430.4K1.2615.14N/AN/A2,8413,57848,576131,463
2019-03-14$14.38$15.6452.4%17.1%63.0%7.2%61.3%7.6%0.2%-768.7K25.0M-428.9K2.2314.55N/AN/A1,1282,51748,427129,530
2019-03-15$14.35$14.7750.7%16.7%62.9%5.3%58.1%5.5%-2.2%-610.5K23.0M-424.0K1.8113.19N/AN/A2,0363,68648,584127,878
2019-03-18$14.73$0.0050.0%17.4%63.6%4.6%60.9%5.5%0.7%-548.9K14.3M-423.9K0.5417.98N/AN/A1,50981037,486116,952
2019-03-19$14.65$13.9049.6%17.6%63.0%4.2%61.3%4.2%-0.4%-530.9K13.8M-423.8K0.6416.36N/AN/A2,0321,29638,596117,550
2019-03-20$14.81$13.9050.1%18.0%62.8%4.8%65.1%4.8%-0.2%-465.6K11.1M-426.1K2.4517.01N/AN/A1,8854,61139,395118,055
2019-03-21$15.24$13.9049.5%17.8%56.1%4.0%64.9%5.9%-0.1%-312.1K7.4M-443.1K0.8112.73N/AN/A1,5431,25039,874120,810
2019-03-22$14.21$13.9052.8%18.8%60.6%7.6%65.3%5.0%-1.0%-600.7K20.4M-433.3K0.8416.12N/AN/A2,3081,93140,238121,077
2019-03-25$14.42$13.9053.5%18.8%59.9%8.3%66.3%7.8%1.7%-520.8K17.4M-431.0K1.2619.39N/AN/A56270940,306120,128
2019-03-26$14.73$13.9052.6%18.7%58.9%7.3%65.3%6.7%1.5%-411.1K13.3M-428.0K2.0016.95N/AN/A7531,50640,610120,390
2019-03-27$14.81$13.9051.3%18.7%59.0%6.0%63.4%8.0%2.0%-359.2K13.1M-434.7K0.7515.23N/AN/A2,2841,72140,936121,605
2019-03-28$15.07$13.9050.0%18.7%58.7%4.6%62.2%7.6%0.5%-168.8K9.6M-436.3K0.8216.62N/AN/A1,2941,06741,657121,790
2019-03-29$15.17$14.7749.2%18.5%58.3%3.7%62.9%6.7%0.8%211.5K7.2M-432.0K0.8113.22N/AN/A2,2561,82941,697122,410