HTZ Options History — January 2020

In January 2020, HTZ traded between $15.66 and $16.80. ATM implied volatility averaged 45.5%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 15.2% (HV 20d: 30.3%). Max pain ranged from $16.00 to $16.50. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 5.18.

Notable Days

  • 2020-01-14: Highest Volume — 25,789 contracts
  • 2020-01-27: Largest IV spike — 18.0% change
  • 2020-01-31: Highest IV Rank — 20.1%
  • 2020-01-27: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.14$15.66$16.80$15.94$15.76
Max Pain$16.19$16.00$16.50$16.00$16.50
ATM IV45.5%39.6%57.9%42.5%57.9%
Expected Move12.1%11.2%13.1%11.6%12.6%
HV 20d30.3%23.3%34.2%34.2%33.1%
HV 60d41.8%41.0%42.8%42.0%41.2%
IV Rank6.7%0.2%20.1%3.4%20.1%
IV Percentile17.3%0.8%59.5%4.4%59.5%
Term Structure2.0%-5.6%13.9%1.0%-3.0%
VWIV41.7%39.1%45.8%40.6%44.0%
Skew 25d3.8%-0.9%8.4%2.7%6.6%
Skew 10d13.4%-7.0%27.5%11.3%25.1%
Call IV 25d43.5%37.3%55.2%41.8%53.6%
Put IV 25d47.3%41.6%63.6%44.6%60.2%
Bid-Ask Spread %37.4914.6760.9516.1733.47
Gamma HHI0.300.140.930.320.16
Net GEX-4.7M-36.0M1.3M-5.3M-1.2M
Net DEX31.2M-5.7M59.6M49.7M37.0M
Net VEX-327.8K-363.2K-280.7K-360.1K-344.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.180.2726.594.551.29
Total Volume5,868.95264725,7894,873647
Total OI210,910.571106,068293,106277,391122,103

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$15.94$16.0042.5%11.6%34.2%3.4%40.6%2.7%1.0%-5.3M49.7M-360.1K4.5516.17N/AN/A8783,99566,496210,895
2020-01-03$15.86$16.0044.4%12.0%34.1%5.4%42.4%-0.9%-2.1%-5.7M57.8M-363.2K1.7114.67N/AN/A1,1081,89867,232214,116
2020-01-06$15.93$16.0043.6%12.7%34.0%4.6%45.8%3.6%-1.2%-6.2M55.5M-344.2K1.2224.59N/AN/A1,4931,82764,881212,952
2020-01-07$15.86$16.0043.1%12.2%27.1%4.0%40.8%3.2%-0.7%-6.6M59.6M-330.4K1.1326.36N/AN/A3,5413,99765,858213,424
2020-01-08$16.27$16.0041.1%12.1%28.7%1.9%42.6%4.0%0.7%-5.5M33.3M-330.6K0.2740.78N/AN/A7,6052,04069,239214,604
2020-01-09$16.40$16.0041.6%12.1%28.6%2.4%41.4%3.3%-0.1%-5.3M25.2M-324.1K2.2633.04N/AN/A9022,03667,614215,692
2020-01-10$15.88$16.0042.5%11.9%30.9%3.4%41.0%1.0%-0.5%-7.3M55.9M-314.7K2.2527.84N/AN/A1,4763,32168,606214,047
2020-01-13$16.18$16.0042.0%12.3%23.3%2.8%40.8%3.9%0.8%-6.5M30.8M-285.0K14.6232.64N/AN/A1,26818,53367,910210,788
2020-01-14$16.80$16.0042.6%12.2%25.8%3.4%43.7%2.5%0.9%-2.5M-5.7M-280.7K10.1415.51N/AN/A2,31423,47568,304207,157
2020-01-15$16.47$16.0042.4%12.7%26.2%3.3%43.3%1.7%3.4%-4.4M15.3M-319.6K9.0141.46N/AN/A5074,56768,651219,422
2020-01-16$16.71$16.0039.6%11.8%26.2%0.2%41.9%2.9%1.5%1.3M-2.8M-310.4K8.7139.40N/AN/A4233,68668,741222,236
2020-01-17$16.05$16.0041.3%11.2%30.1%2.1%39.1%2.8%-5.6%-36.0M29.2M-319.0K4.5452.63N/AN/A1,0884,93968,906224,200
2020-01-21$16.39$16.0040.5%11.6%30.9%1.2%40.2%3.7%12.4%-679.9K17.5M-315.3K3.2640.37N/AN/A9343,04925,11880,950
2020-01-22$16.38$16.5039.8%11.4%30.5%0.4%39.2%4.7%12.5%-782.7K20.7M-323.9K4.6853.67N/AN/A5712,67025,93584,657
2020-01-23$16.45$16.5044.0%11.8%30.4%5.0%40.4%4.5%13.9%-793.0K22.3M-332.7K2.7551.19N/AN/A5271,44926,15287,125
2020-01-24$16.16$16.5047.1%12.0%31.1%8.4%40.3%4.7%13.7%-917.6K25.9M-328.8K0.5949.90N/AN/A41324326,33488,368
2020-01-27$15.66$16.5055.5%13.1%32.1%17.6%44.2%8.4%-1.1%-1.1M31.9M-322.4K4.6146.24N/AN/A8073,72325,86587,179
2020-01-28$16.04$16.5054.3%12.0%33.1%16.2%41.7%5.7%-0.7%-1.0M29.5M-341.6K3.4855.08N/AN/A5111,78026,23990,898
2020-01-29$15.95$16.5054.0%12.1%33.2%16.0%40.9%4.1%-0.8%-1.1M30.9M-341.8K26.5960.95N/AN/A2937,79026,47192,177
2020-01-30$15.89$16.5056.0%11.9%33.1%18.1%41.9%7.7%-2.4%-1.1M35.5M-351.9K1.1131.26N/AN/A43848626,59194,989
2020-01-31$15.76$16.5057.9%12.6%33.1%20.1%44.0%6.6%-3.0%-1.2M37.0M-344.1K1.2933.47N/AN/A28236526,72995,374