HTZ Options History — March 2023

In March 2023, HTZ traded between $15.13 and $19.88. ATM implied volatility averaged 47.2%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 3.0% (HV 20d: 50.2%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.65.

Notable Days

  • 2023-03-24: Highest Volume — 36,595 contracts
  • 2023-03-15: Largest IV spike — 24.7% change
  • 2023-03-13: Highest IV Rank — 48.4%
  • 2023-03-15: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.97$15.13$19.88$18.41$16.23
Max Pain$18.04$17.50$20.00$17.50$17.50
ATM IV47.2%33.7%58.9%43.8%47.4%
Expected Move13.2%9.7%16.2%12.6%13.6%
HV 20d50.2%31.4%61.8%41.9%61.8%
HV 60d42.2%34.7%47.2%35.2%47.2%
IV Rank25.2%0.0%48.4%10.3%26.3%
IV Percentile21.9%0.0%54.4%6.0%21.0%
Term Structure2.4%-3.8%5.3%-2.0%5.3%
VWIV45.5%35.3%55.3%37.7%43.2%
Skew 25d7.2%3.9%10.9%5.1%3.9%
Skew 10d11.5%4.5%20.7%4.6%4.5%
Call IV 25d43.2%33.7%51.9%38.2%42.6%
Put IV 25d50.4%39.6%62.2%43.2%46.5%
Bid-Ask Spread %24.274.9053.068.6615.99
Gamma HHI0.390.200.650.360.49
Net GEX520.4K-892.8K2.0M1.6M-606.6K
Net DEX-14.6M-80.0M29.7M-53.6M14.0M
Net VEX-334.2K-399.1K-271.2K-334.7K-399.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.0517.661.400.27
Total Volume6,326.0431,23136,5951,2401,519
Total OI132,801.826106,243151,966123,135150,201

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$18.41$17.5043.8%12.6%41.9%10.3%37.7%5.1%-2.0%1.6M-53.6M-334.7K1.408.66N/AN/A51772391,29131,844
2023-03-02$18.37$17.5042.0%12.1%40.2%6.5%40.6%5.6%-0.2%1.6M-52.3M-332.7K1.056.79N/AN/A63666791,55932,379
2023-03-03$18.80$17.5033.7%9.7%40.8%0.0%35.3%7.7%0.9%1.7M-61.2M-334.7K0.9051.63N/AN/A1,2081,09391,49432,865
2023-03-06$19.64$20.0037.7%10.7%43.1%7.7%37.7%5.0%3.7%2.0M-79.8M-337.3K1.1353.06N/AN/A4,9515,58991,75133,793
2023-03-07$19.68$20.0037.2%10.5%41.0%6.7%36.5%5.1%3.0%2.0M-77.7M-346.3K3.395.76N/AN/A1,0853,67492,57036,822
2023-03-08$19.88$20.0039.9%10.5%31.4%11.8%36.1%7.3%3.8%2.0M-80.0M-348.6K0.4852.62N/AN/A1,59776492,73538,903
2023-03-09$18.57$20.0046.3%11.9%40.2%24.2%38.8%5.5%2.1%1.5M-51.3M-338.4K1.4710.52N/AN/A2,2103,25392,78439,322
2023-03-10$17.23$20.0051.2%13.1%47.7%33.6%51.6%10.8%-0.4%931.8K-17.1M-317.5K1.0217.86N/AN/A5,1875,27793,77841,017
2023-03-13$17.01$17.5058.9%13.4%47.5%48.4%49.4%8.0%-0.2%840.0K-8.6M-315.4K0.7517.99N/AN/A4,2293,18195,36244,166
2023-03-14$16.41$17.5045.5%12.6%48.3%22.6%45.2%6.7%2.7%508.2K5.2M-298.6K1.0628.38N/AN/A2,2642,39197,65145,872
2023-03-15$15.89$17.5056.7%16.2%47.4%44.1%54.2%10.2%-3.8%222.0K11.1M-288.1K0.9444.57N/AN/A6,5206,15498,60746,102
2023-03-16$16.29$17.5047.6%13.7%46.5%26.8%46.9%7.1%2.6%203.6K6.8M-306.4K0.6538.33N/AN/A1,318857101,94348,994
2023-03-17$15.13$17.5056.1%16.1%51.1%42.9%55.3%10.2%0.7%-327.5K19.1M-271.2K1.6036.41N/AN/A5,5998,970102,62449,342
2023-03-20$15.46$17.5056.5%16.2%52.3%43.7%52.6%10.9%1.0%72.9K4.6M-287.0K0.215.49N/AN/A3,67277067,23739,006
2023-03-21$16.36$17.5043.9%12.6%57.0%19.5%48.7%7.3%5.0%244.9K-4.6M-312.0K2.364.90N/AN/A2,1154,98170,23539,033
2023-03-22$16.59$17.5043.8%12.5%57.4%19.3%44.1%5.7%4.5%310.6K-8.2M-329.0K0.1918.00N/AN/A1,93036971,33540,478
2023-03-23$16.43$17.5045.2%13.0%57.4%22.1%45.3%9.0%4.4%250.9K-3.7M-319.0K0.5638.04N/AN/A1,56287571,70840,787
2023-03-24$15.61$17.5051.5%14.8%59.5%34.1%51.2%7.2%4.2%116.4K4.7M-300.1K17.6627.98N/AN/A1,96134,63471,89641,494
2023-03-27$15.52$17.5051.8%14.8%59.5%34.7%51.5%7.9%4.3%-805.5K25.0M-396.0K0.306.22N/AN/A2,79182573,47974,290
2023-03-28$15.20$17.5051.3%14.7%59.3%33.8%48.5%6.9%3.0%-892.8K29.7M-379.0K0.3716.95N/AN/A2,58796774,60073,951
2023-03-29$15.73$17.5049.4%14.2%61.3%30.1%50.3%7.2%5.2%-706.2K20.8M-398.5K0.1825.94N/AN/A2,37442275,20174,383
2023-03-30$15.77$17.5049.0%14.1%61.4%29.4%45.0%6.2%4.5%-762.0K20.6M-396.3K0.0526.08N/AN/A1,1735875,10874,450
2023-03-31$16.23$17.5047.4%13.6%61.8%26.3%43.2%3.9%5.3%-606.6K14.0M-399.1K0.2715.99N/AN/A1,19732275,71774,484