HTZ Options History — January 2023

In January 2023, HTZ traded between $15.02 and $18.04. ATM implied volatility averaged 49.5%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 19.9% (HV 20d: 29.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.91.

Notable Days

  • 2023-01-18: Highest Volume — 9,805 contracts
  • 2023-01-11: Largest IV spike — 25.0% change
  • 2023-01-31: Highest IV Rank — 37.6%
  • 2023-01-31: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.74$15.02$18.04$15.02$18.04
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV49.5%39.5%60.3%47.0%60.3%
Expected Move14.7%13.2%17.3%13.5%17.3%
HV 20d29.7%25.3%32.4%28.7%32.4%
HV 60d36.6%35.6%37.5%36.9%37.1%
IV Rank15.5%0.0%37.6%7.1%37.6%
IV Percentile18.1%0.0%49.6%7.5%49.6%
Term Structure-3.6%-12.3%2.8%2.6%-12.3%
VWIV52.3%41.8%62.2%46.9%58.6%
Skew 25d6.8%5.0%10.1%6.4%6.6%
Skew 10d14.1%-0.3%28.8%10.6%28.8%
Call IV 25d49.2%44.8%57.9%45.6%57.9%
Put IV 25d55.9%51.7%64.5%52.1%64.5%
Bid-Ask Spread %13.825.2750.3123.696.52
Gamma HHI0.410.330.540.360.37
Net GEX1.1M994.5K1.2M1.0M1.2M
Net DEX-44.3M-61.8M-14.9M-14.9M-51.8M
Net VEX-301.1K-323.3K-286.9K-287.8K-315.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.123.100.120.33
Total Volume3,009.559389,8053,3112,767
Total OI155,880.393,378195,410179,999104,041

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$15.02$15.0047.0%13.5%28.7%7.1%46.9%6.4%2.6%1.0M-14.9M-287.8K0.1223.69N/AN/A2,964347128,42351,576
2023-01-04$15.27$15.0046.2%13.2%28.3%5.8%41.8%7.0%2.8%1.2M-20.8M-292.4K0.8523.74N/AN/A673572130,11351,706
2023-01-05$15.61$15.0048.4%15.1%29.5%9.6%52.5%8.6%1.0%1.2M-27.2M-299.2K3.1024.54N/AN/A7312,269130,02652,058
2023-01-06$16.01$15.0045.3%15.4%30.6%4.3%51.0%6.2%-1.8%1.2M-36.1M-301.9K0.638.92N/AN/A3,0871,944130,36052,950
2023-01-09$16.27$15.0039.5%14.2%31.1%0.0%51.9%7.2%-1.6%1.2M-42.9M-299.7K0.597.31N/AN/A2,5621,523132,18253,867
2023-01-10$16.45$15.0040.2%14.3%30.1%1.2%54.4%6.5%-2.0%1.2M-47.9M-305.1K2.007.53N/AN/A449898134,10054,160
2023-01-11$16.70$15.0050.2%14.4%30.5%17.1%51.5%6.0%-2.5%1.2M-54.5M-311.0K0.605.63N/AN/A3,5222,124134,53454,552
2023-01-12$17.02$15.0049.1%14.1%31.0%15.4%52.5%6.6%-2.1%1.0M-61.8M-311.3K1.465.68N/AN/A1,4882,176134,85756,087
2023-01-13$16.98$15.0048.7%14.0%31.1%14.7%48.9%7.4%-2.7%1.0M-61.5M-301.4K0.605.39N/AN/A708426134,41354,178
2023-01-17$16.69$15.0049.9%14.3%31.4%16.5%50.2%6.1%-3.4%1.0M-54.9M-286.9K0.208.90N/AN/A2,308456134,85854,438
2023-01-18$16.98$15.0051.1%14.7%31.2%18.5%52.4%6.3%-4.1%994.5K-60.9M-288.6K0.386.82N/AN/A7,0882,717135,72354,394
2023-01-19$16.68$15.0049.7%14.3%30.8%16.3%51.3%5.6%-3.1%1.0M-46.8M-294.7K1.005.79N/AN/A730731135,18855,220
2023-01-20$17.16$15.0049.2%14.1%30.4%15.5%50.9%7.1%-4.2%1.2M-56.1M-323.3K0.2529.39N/AN/A1,212308140,15355,257
2023-01-23$17.44$15.0050.6%14.5%30.6%17.7%49.5%8.2%-4.4%1.1M-43.2M-302.7K0.196.36N/AN/A1,80134871,83421,544
2023-01-24$17.41$15.0050.8%14.6%27.6%18.1%50.5%6.4%-5.3%1.2M-42.6M-302.8K1.1350.31N/AN/A44049872,62921,796
2023-01-25$17.09$15.0051.2%14.7%27.3%18.7%55.6%5.3%-6.6%1.1M-38.0M-294.1K2.1531.32N/AN/A6541,40472,78722,212
2023-01-26$17.20$15.0053.0%15.2%27.3%21.6%53.0%5.0%-7.0%1.1M-40.1M-297.6K0.155.27N/AN/A88213173,36922,989
2023-01-27$17.59$15.0053.3%15.3%25.3%23.4%62.2%10.1%-5.8%1.2M-45.7M-304.2K1.856.79N/AN/A2,1203,92373,83323,082
2023-01-30$17.11$15.0056.8%16.3%27.8%30.8%59.2%6.7%-9.3%1.1M-38.6M-300.9K0.596.58N/AN/A76144975,66326,454
2023-01-31$18.04$15.0060.3%17.3%32.4%37.6%58.6%6.6%-12.3%1.2M-51.8M-315.9K0.336.52N/AN/A2,08368475,94428,097