HTZ Options History — March 2022

In March 2022, HTZ traded between $18.25 and $23.40. ATM implied volatility averaged 62.0%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 11.0% (HV 20d: 73.0%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.61.

Notable Days

2022-03-11: Highest Volume — 44,451 contracts
2022-03-21: Largest IV spike — 12.4% change
2022-03-07: Highest IV Rank — 17.4%
2022-03-08: Largest Expected Move — 22.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.40	$18.25	$23.40	$19.05	$22.10
Max Pain	$20.45	$17.50	$22.50	$20.00	$20.00
ATM IV	62.0%	54.5%	76.3%	69.1%	56.1%
Expected Move	18.4%	16.3%	22.1%	19.8%	16.5%
HV 20d	73.0%	54.5%	81.6%	71.1%	54.5%
HV 60d	64.1%	62.6%	66.4%	63.9%	63.4%
IV Rank	13.7%	11.7%	17.4%	15.5%	12.1%
IV Percentile	4.2%	1.2%	15.5%	8.3%	4.0%
Term Structure	1.5%	-2.7%	6.1%	-2.7%	1.5%
VWIV	65.1%	57.5%	78.6%	72.2%	59.2%
Skew 25d	4.4%	1.6%	6.3%	3.6%	2.5%
Skew 10d	8.7%	4.1%	19.6%	4.1%	10.5%
Call IV 25d	60.6%	54.7%	70.4%	70.4%	58.1%
Put IV 25d	65.0%	58.1%	74.0%	74.0%	60.6%
Bid-Ask Spread %	18.10	4.84	36.16	8.12	20.70
Gamma HHI	0.25	0.17	0.46	0.18	0.27
Net GEX	5.3M	1.5M	10.1M	3.0M	5.8M
Net DEX	-153.9M	-259.1M	-48.7M	-79.3M	-173.9M
Net VEX	-823.6K	-1.1M	-589.9K	-651.6K	-942.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.09	1.52	0.59	0.98
Total Volume	23,654.826	6,071	44,451	22,861	25,254
Total OI	351,214.043	225,782	434,636	359,236	311,371

Daily Data (23 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
2022-03-01	$19.05	$20.00	69.1%	19.8%	71.1%	15.5%	72.2%	3.6%	-2.7%	3.0M	-79.3M	-651.6K	0.59	8.12	N/A	N/A	14,334	8,527	294,143	65,093
2022-03-02	$20.34	$20.00	65.5%	18.8%	73.3%	14.6%	66.6%	4.5%	2.5%	4.5M	-123.2M	-704.8K	0.20	4.84	N/A	N/A	12,722	2,575	298,778	70,352
2022-03-03	$19.85	$20.00	68.0%	19.5%	73.8%	15.2%	68.8%	4.1%	2.0%	3.6M	-102.9M	-683.0K	1.46	18.39	N/A	N/A	9,919	14,487	298,804	71,650
2022-03-04	$19.14	$20.00	68.3%	19.6%	74.6%	15.3%	70.8%	5.0%	1.5%	2.8M	-76.7M	-659.2K	0.75	36.16	N/A	N/A	5,498	4,143	301,001	73,424
2022-03-07	$18.25	$20.00	76.3%	21.9%	76.0%	17.4%	76.5%	5.3%	-1.4%	1.5M	-48.7M	-589.9K	1.52	17.97	N/A	N/A	10,126	15,385	299,682	74,154
2022-03-08	$18.64	$20.00	70.0%	22.1%	76.1%	15.8%	78.6%	3.8%	-0.5%	2.0M	-63.8M	-623.4K	0.28	9.06	N/A	N/A	10,929	3,064	303,828	76,813
2022-03-09	$20.11	$17.50	66.5%	20.5%	80.0%	14.8%	77.1%	3.4%	0.3%	3.9M	-110.1M	-679.8K	1.44	10.91	N/A	N/A	10,863	15,668	304,207	77,121
2022-03-10	$21.01	$20.00	65.3%	20.9%	80.5%	14.5%	73.4%	6.3%	1.4%	4.9M	-142.7M	-727.1K	0.25	29.53	N/A	N/A	29,347	7,432	307,417	86,736
2022-03-11	$21.45	$20.00	64.2%	19.5%	80.8%	14.3%	69.4%	5.9%	0.9%	6.1M	-169.9M	-810.4K	0.50	19.45	N/A	N/A	29,577	14,874	321,376	88,842
2022-03-14	$21.49	$20.00	63.7%	18.7%	79.2%	14.1%	62.3%	5.7%	1.9%	6.3M	-169.8M	-806.7K	0.17	28.45	N/A	N/A	19,634	3,337	328,943	89,527
2022-03-15	$21.95	$20.00	63.4%	18.1%	79.0%	14.0%	64.2%	6.1%	-0.7%	7.0M	-192.4M	-832.4K	0.32	28.07	N/A	N/A	16,744	5,437	336,941	90,531
2022-03-16	$23.40	$20.00	63.0%	18.0%	80.3%	13.9%	59.7%	5.9%	-0.2%	9.7M	-259.1M	-891.2K	0.09	19.62	N/A	N/A	28,985	2,515	334,385	93,545
2022-03-17	$23.19	$0.00	60.1%	17.9%	80.1%	13.2%	62.2%	6.3%	1.7%	8.5M	-237.9M	-924.4K	0.27	24.72	N/A	N/A	8,898	2,446	340,415	94,221
2022-03-18	$22.30	$22.50	54.5%	17.2%	81.6%	11.7%	60.3%	5.5%	6.1%	10.1M	-181.1M	-852.4K	0.61	20.11	N/A	N/A	11,745	7,177	335,876	91,299
2022-03-21	$21.82	$22.50	61.2%	17.4%	80.7%	13.5%	60.4%	3.7%	-0.4%	4.1M	-140.5M	-813.8K	0.95	16.86	N/A	N/A	16,049	15,183	188,301	37,481
2022-03-22	$22.12	$22.50	55.9%	16.8%	79.9%	12.1%	62.2%	4.6%	2.9%	4.1M	-143.8M	-848.6K	1.04	27.40	N/A	N/A	10,327	10,732	193,413	47,701
2022-03-23	$22.39	$22.50	55.5%	16.9%	77.7%	11.9%	57.9%	3.7%	3.4%	4.3M	-155.1M	-882.6K	0.09	22.53	N/A	N/A	33,297	3,074	198,201	51,960
2022-03-24	$23.02	$22.50	56.0%	17.2%	63.6%	12.1%	57.9%	4.1%	3.6%	6.0M	-202.1M	-1.0M	0.13	10.66	N/A	N/A	36,708	4,889	228,046	52,713
2022-03-25	$22.62	$20.00	55.5%	16.8%	62.3%	11.9%	60.8%	3.0%	3.4%	5.8M	-187.3M	-1.0M	0.76	8.18	N/A	N/A	3,454	2,617	239,558	55,004
2022-03-28	$22.49	$20.00	57.3%	17.1%	61.0%	12.4%	60.2%	5.1%	2.0%	6.0M	-185.1M	-998.0K	0.87	9.67	N/A	N/A	7,266	6,345	247,884	56,614
2022-03-29	$23.19	$20.00	54.9%	16.5%	56.6%	11.8%	57.5%	2.6%	2.9%	6.8M	-216.6M	-1.1M	0.14	15.20	N/A	N/A	29,431	4,079	250,979	59,541
2022-03-30	$22.23	$20.00	55.2%	16.3%	55.4%	11.9%	58.9%	1.6%	1.9%	6.0M	-177.8M	-959.5K	0.63	9.67	N/A	N/A	5,513	3,455	255,384	54,668
2022-03-31	$22.10	$20.00	56.1%	16.5%	54.5%	12.1%	59.2%	2.5%	1.5%	5.8M	-173.9M	-942.3K	0.98	20.70	N/A	N/A	12,753	12,501	256,436	54,935