HTZ Options History — March 2020

In March 2020, HTZ traded between $3.35 and $12.40. ATM implied volatility averaged 167.7%, placing in the 66.6% IV rank vs the trailing year. The 30-day expected move averaged 52.9%. IV traded below realized volatility by 24.5% (HV 20d: 192.2%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 3.25.

Notable Days

  • 2020-03-04: Highest Volume — 66,643 contracts
  • 2020-03-27: Largest IV spike — 273.7% change
  • 2020-03-05: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 92.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.54$3.35$12.40$12.40$6.13
Max Pain$14.93$14.00$16.00$16.00$14.00
ATM IV167.7%54.5%322.5%122.7%81.0%
Expected Move52.9%23.3%92.5%24.9%49.6%
HV 20d192.2%91.6%301.1%93.5%301.1%
HV 60d120.8%60.3%181.2%60.3%181.2%
IV Rank66.6%7.9%100.0%90.8%14.7%
IV Percentile94.0%49.2%100.0%99.6%88.9%
Term Structure-5.3%-268.3%186.5%-24.8%-34.5%
VWIV172.4%76.7%269.0%81.3%169.6%
Skew 25d58.7%-18.8%152.0%27.2%59.9%
Skew 10d95.9%-17.0%185.0%26.7%121.3%
Call IV 25d143.0%3.0%238.8%68.3%157.3%
Put IV 25d201.8%72.7%325.4%95.5%217.2%
Bid-Ask Spread %53.0524.5898.0929.3555.69
Gamma HHI0.100.070.150.130.14
Net GEX-384.4K-1.1M-91.4K-1.1M-199.3K
Net DEX58.9M35.6M89.0M77.2M47.2M
Net VEX-282.7K-389.0K-114.8K-389.0K-244.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.250.3211.852.141.48
Total Volume18,3033,27266,6436,8316,724
Total OI250,855.727194,445279,501195,234271,625

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$12.40$16.00122.7%24.9%93.5%90.8%81.3%27.2%-24.8%-1.1M77.2M-389.0K2.1429.35N/AN/A2,1744,65768,072127,162
2020-03-03$12.03$15.50116.9%25.0%93.4%84.5%80.3%28.3%44.9%-991.6K78.5M-367.6K2.8825.98N/AN/A2,2506,48069,417125,028
2020-03-04$11.38$15.0095.9%23.3%91.6%61.6%76.7%52.4%18.9%-911.3K81.9M-340.3K3.0924.58N/AN/A16,30350,34070,868126,167
2020-03-05$9.86$16.00160.2%27.8%99.2%100.0%92.6%-18.8%-24.9%-696.3K89.0M-358.3K4.3729.26N/AN/A7,74133,86484,044157,368
2020-03-06$8.76$15.00188.2%31.8%104.0%100.0%112.8%130.2%-14.1%-568.1K85.3M-328.4K8.8829.98N/AN/A2,24219,90490,415162,618
2020-03-09$7.31$15.0054.5%41.3%115.9%10.1%129.5%152.0%118.0%-393.8K79.5M-242.8K10.0627.53N/AN/A1,92119,31988,384159,658
2020-03-10$8.34$15.0096.1%46.0%129.2%38.1%158.3%95.7%111.7%-456.9K74.0M-306.5K9.2138.40N/AN/A3,52732,49789,477157,282
2020-03-11$8.20$15.00161.4%43.5%126.2%82.0%147.6%51.4%-13.0%-459.8K73.2M-312.0K0.8535.46N/AN/A4,5023,81591,523166,787
2020-03-12$7.01$15.00191.6%54.0%129.1%100.0%172.0%59.0%-3.8%-330.9K68.0M-268.2K1.4747.06N/AN/A1,3261,94694,800166,895
2020-03-13$7.78$15.00183.1%55.5%137.6%94.4%182.3%23.6%-1.8%-357.4K63.4M-323.7K11.8540.83N/AN/A2,94734,90995,273166,272
2020-03-16$6.31$15.00245.9%70.4%147.2%100.0%220.7%81.0%-22.4%-240.6K56.9M-255.8K1.4462.95N/AN/A2,2423,23293,460170,911
2020-03-17$5.76$15.00230.8%66.1%146.5%92.7%204.2%69.6%-20.0%-219.0K57.9M-220.5K2.1862.92N/AN/A1,5953,47594,393171,888
2020-03-18$3.35$15.00322.5%92.5%223.3%100.0%262.1%85.9%-17.5%-91.4K41.4M-114.8K0.3959.20N/AN/A19,2447,55595,544172,092
2020-03-19$4.26$15.00286.9%90.4%247.8%87.4%249.8%86.6%0.0%-103.7K41.2M-168.6K3.1761.13N/AN/A4,36013,838105,920166,777
2020-03-20$5.18$15.00252.4%82.6%265.3%75.2%269.0%91.5%-268.3%-125.3K42.1M-216.0K0.8952.14N/AN/A4,6834,171108,434171,067
2020-03-23$6.56$15.00194.2%50.5%286.5%54.7%218.7%78.6%33.3%-187.8K36.4M-286.3K1.6989.41N/AN/A4,1607,02688,848155,954
2020-03-24$8.14$15.0080.6%60.6%299.4%14.5%227.0%47.1%11.8%-248.5K35.6M-348.5K0.8973.04N/AN/A7,7666,88189,811158,703
2020-03-25$7.91$15.00153.5%54.9%296.8%40.3%174.7%24.0%-175.7%-237.6K37.1M-338.1K0.3278.06N/AN/A14,2644,55493,071158,785
2020-03-26$7.19$14.0061.6%57.2%296.4%7.9%206.7%32.0%186.5%-199.6K40.3M-308.6K1.9257.50N/AN/A2,9175,611103,961161,423
2020-03-27$6.14$14.00230.3%57.2%299.9%67.4%161.7%27.5%-10.4%-160.7K44.7M-248.1K0.8898.09N/AN/A3,8243,368104,746163,258
2020-03-30$5.88$14.00179.7%59.2%299.8%49.6%195.9%7.4%0.0%-153.1K44.3M-232.4K1.4488.48N/AN/A7,57310,939102,168158,477
2020-03-31$6.13$14.0081.0%49.6%301.1%14.7%169.6%59.9%-34.5%-199.3K47.2M-244.4K1.4855.69N/AN/A2,7094,015107,585164,040