HTZ Options History — December 2025

In December 2025, HTZ traded between $5.00 and $5.72. ATM implied volatility averaged 76.1%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 10.1% (HV 20d: 66.0%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.66.

Notable Days

2025-12-04: Highest Volume — 217,828 contracts
2025-12-09: Largest IV drop — 12.4% change
2025-12-08: Highest IV Rank — 10.2%
2025-12-01: Largest Expected Move — 24.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.24	$5.00	$5.72	$5.00	$5.17
Max Pain	$5.43	$5.00	$6.00	$6.00	$5.50
ATM IV	76.1%	69.3%	87.3%	74.8%	73.0%
Expected Move	21.5%	17.8%	24.3%	24.3%	17.8%
HV 20d	66.0%	45.1%	143.9%	143.8%	57.2%
HV 60d	95.9%	94.1%	98.1%	98.1%	94.1%
IV Rank	3.3%	0.0%	10.2%	1.4%	2.5%
IV Percentile	5.3%	0.0%	22.6%	2.0%	1.6%
Term Structure	3.2%	-10.5%	25.6%	25.6%	6.0%
VWIV	80.0%	64.3%	114.1%	88.8%	64.3%
Skew 25d	2.3%	-11.6%	14.8%	11.6%	7.0%
Skew 10d	6.0%	-47.1%	57.4%	-47.1%	25.4%
Call IV 25d	79.2%	64.8%	90.6%	79.4%	75.6%
Put IV 25d	81.5%	70.0%	91.0%	91.0%	82.6%
Bid-Ask Spread %	40.33	12.20	77.25	72.88	33.30
Gamma HHI	0.12	0.10	0.16	0.10	0.16
Net GEX	334.5K	126.4K	618.8K	198.4K	410.6K
Net DEX	-12.7M	-44.3M	7.5M	-8.9M	2.0M
Net VEX	-434.6K	-508.0K	-331.2K	-464.7K	-331.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.13	1.13	0.13	0.44
Total Volume	21,499.182	3,445	217,828	30,293	5,523
Total OI	953,130.682	779,173	1,065,567	987,366	799,071

Daily Data (22 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
2025-12-01	$5.00	$6.00	74.8%	24.3%	143.8%	1.4%	88.8%	11.6%	25.6%	198.4K	-8.9M	-464.7K	0.13	72.88	N/A	N/A	26,753	3,540	421,345	566,021
2025-12-02	$5.17	$6.00	80.1%	24.3%	143.9%	5.1%	86.6%	13.3%	-0.9%	291.7K	-18.3M	-436.5K	0.59	57.54	N/A	N/A	3,841	2,273	443,925	568,459
2025-12-03	$5.25	$6.00	83.9%	23.5%	68.1%	7.8%	79.9%	9.3%	-2.3%	385.9K	-20.7M	-476.7K	0.80	77.25	N/A	N/A	2,023	1,611	445,457	569,660
2025-12-04	$5.13	$5.00	74.8%	21.8%	66.8%	1.4%	114.1%	-7.2%	4.6%	202.0K	-17.2M	-465.2K	0.99	17.02	N/A	N/A	109,728	108,100	446,116	570,298
2025-12-05	$5.17	$5.00	79.0%	21.2%	64.2%	4.3%	84.5%	-1.0%	10.9%	249.3K	-29.7M	-508.0K	0.36	61.67	N/A	N/A	4,285	1,538	446,770	571,911
2025-12-08	$5.09	$5.00	87.3%	23.4%	57.3%	10.2%	82.5%	4.7%	-10.5%	237.5K	-19.6M	-476.0K	0.59	45.15	N/A	N/A	3,013	1,766	431,748	569,430
2025-12-09	$5.44	$5.00	76.5%	23.0%	62.4%	2.6%	86.3%	-0.8%	5.1%	346.6K	-38.0M	-497.5K	0.33	35.22	N/A	N/A	6,885	2,303	432,988	570,812
2025-12-10	$5.55	$5.00	83.1%	24.0%	62.9%	7.2%	83.1%	4.5%	-0.6%	402.0K	-44.3M	-480.3K	0.27	67.70	N/A	N/A	8,240	2,241	435,707	571,382
2025-12-11	$5.25	$5.00	80.4%	23.7%	63.7%	5.3%	95.6%	5.5%	1.4%	299.0K	-27.6M	-467.3K	1.00	25.82	N/A	N/A	33,486	33,455	438,858	572,692
2025-12-12	$5.12	$5.50	70.8%	22.3%	59.4%	0.0%	79.4%	8.0%	14.4%	276.4K	-9.2M	-457.5K	0.41	14.27	N/A	N/A	3,859	1,575	468,293	597,274
2025-12-15	$5.08	$5.50	77.1%	22.2%	56.1%	4.4%	87.8%	-7.0%	-0.1%	263.1K	-10.0M	-456.4K	0.73	26.69	N/A	N/A	3,476	2,551	464,581	589,557
2025-12-16	$5.11	$5.50	74.1%	21.3%	49.3%	2.3%	76.7%	0.5%	-6.2%	191.6K	-4.3M	-422.3K	0.60	52.02	N/A	N/A	2,148	1,297	465,791	590,760
2025-12-17	$5.03	$5.50	74.2%	21.3%	49.5%	2.4%	76.5%	-11.6%	-1.7%	179.5K	-3.7M	-420.9K	1.13	21.05	N/A	N/A	1,688	1,909	466,594	591,112
2025-12-18	$5.08	$5.50	74.5%	20.9%	49.4%	2.6%	72.8%	14.5%	14.4%	126.4K	-3.3M	-396.1K	0.94	39.35	N/A	N/A	2,853	2,670	466,317	593,203
2025-12-19	$5.14	$5.50	73.0%	20.2%	45.1%	1.5%	73.6%	14.8%	2.0%	240.0K	7.5M	-396.0K	0.81	54.20	N/A	N/A	6,453	5,213	437,388	592,806
2025-12-22	$5.72	$5.50	77.6%	22.1%	57.9%	4.7%	80.2%	-5.4%	1.2%	455.1K	-16.3M	-430.6K	0.13	49.63	N/A	N/A	30,524	3,940	362,015	417,158
2025-12-23	$5.49	$5.50	73.9%	19.8%	60.3%	2.2%	74.3%	1.0%	-3.5%	618.8K	-10.3M	-406.9K	0.48	55.89	N/A	N/A	9,503	4,609	379,455	418,813
2025-12-24	$5.33	$5.50	74.0%	20.1%	59.2%	2.2%	72.6%	-1.4%	0.4%	489.9K	-3.2M	-405.1K	0.96	30.72	N/A	N/A	2,518	2,408	379,818	419,421
2025-12-26	$5.36	$5.50	70.3%	19.1%	58.7%	0.0%	67.3%	-5.6%	4.3%	500.7K	-3.3M	-388.1K	0.98	22.22	N/A	N/A	6,185	6,072	380,851	419,242
2025-12-29	$5.30	$5.50	73.3%	18.9%	58.8%	2.0%	67.0%	-0.8%	5.7%	521.3K	-718.7K	-390.8K	1.04	12.20	N/A	N/A	3,439	3,570	375,349	421,039
2025-12-30	$5.21	$5.50	69.3%	18.5%	58.3%	0.0%	66.8%	-3.6%	0.8%	472.4K	765.4K	-386.4K	0.84	15.46	N/A	N/A	2,135	1,783	376,478	422,910
2025-12-31	$5.17	$5.50	73.0%	17.8%	57.2%	2.5%	64.3%	7.0%	6.0%	410.6K	2.0M	-331.2K	0.44	33.30	N/A	N/A	3,838	1,685	375,413	423,658