FPE Options History — May 2020

In May 2020, FPE traded between $17.74 and $18.51. ATM implied volatility averaged 43.4%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 24.3% (HV 20d: 19.1%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2020-05-08: Highest Volume — 23 contracts
2020-05-26: Largest IV spike — 185.6% change
2020-05-12: Highest IV Rank — 60.6%
2020-05-28: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.08	$17.74	$18.51	$17.85	$18.44
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	43.4%	15.5%	99.8%	39.2%	46.4%
Expected Move	9.9%	4.4%	13.4%	11.2%	13.3%
HV 20d	19.1%	12.1%	29.0%	29.0%	12.1%
HV 60d	51.8%	51.6%	51.9%	51.6%	51.8%
IV Rank	25.1%	7.4%	60.6%	22.4%	26.9%
IV Percentile	56.5%	20.6%	96.0%	58.7%	61.5%
Term Structure	-1.0%	-36.7%	25.4%	-13.0%	-33.0%
VWIV	39.0%	39.0%	39.0%	39.0%	39.0%
Skew 25d	13.3%	2.3%	33.9%	33.9%	3.0%
Skew 10d	8.3%	1.4%	11.9%	7.4%	5.2%
Call IV 25d	30.3%	14.4%	53.4%	17.6%	53.4%
Put IV 25d	43.6%	16.7%	56.4%	51.4%	56.4%
Bid-Ask Spread %	156.83	82.23	171.32	134.31	167.00
Gamma HHI	0.35	0.27	0.44	0.41	0.32
Net GEX	-1.1K	-4.5K	1.6K	-3.0K	1.3K
Net DEX	94.6K	49.7K	140.2K	104.2K	72.2K
Net VEX	-389	-560	-188	-411	-411
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.00	1.00	0.33	0.00
Total Volume	2.75	0	23	1	0
Total OI	127.6	103	142	103	142

Daily Data (20 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 Vol	Put Vol	Call OI	Put OI
2020-05-01	$17.85	$20.00	39.2%	11.2%	29.0%	22.4%	0.0%	33.9%	-13.0%	-3.0K	104.2K	-411	0.00	134.31	0	1	1	102
2020-05-04	$17.78	$0.00	60.4%	10.3%	28.7%	35.8%	0.0%	17.1%	25.4%	-2.8K	106.4K	-392	0.00	170.01	0	1	1	102
2020-05-05	$17.95	$0.00	61.1%	10.3%	27.2%	36.2%	0.0%	9.8%	24.7%	-3.0K	107.8K	-393	0.33	170.23	3	1	1	103
2020-05-06	$17.80	$0.00	44.4%	10.8%	25.4%	25.7%	0.0%	10.3%	23.8%	-3.0K	105.6K	-409	0.00	165.12	0	1	4	104
2020-05-07	$18.09	$0.00	66.8%	10.1%	25.7%	39.8%	0.0%	7.2%	22.7%	-3.0K	103.1K	-429	0.00	162.27	0	0	4	105
2020-05-08	$18.13	$0.00	24.9%	5.2%	22.2%	13.4%	0.0%	3.3%	-1.2%	-4.5K	126.5K	-231	0.05	120.29	22	1	4	105
2020-05-11	$18.06	$0.00	59.7%	11.0%	21.6%	35.3%	0.0%	10.4%	23.1%	-2.4K	106.5K	-390	0.00	168.22	0	1	26	105
2020-05-12	$17.98	$0.00	99.8%	10.4%	20.7%	60.6%	0.0%	4.4%	23.7%	-2.1K	107.9K	-381	0.00	170.03	0	0	26	106
2020-05-13	$17.87	$0.00	28.5%	8.2%	20.2%	15.6%	39.0%	4.7%	13.6%	-2.4K	109.1K	-377	1.00	156.29	1	1	26	106
2020-05-14	$17.74	$20.00	39.1%	11.2%	20.4%	22.3%	0.0%	4.7%	0.0%	-2.2K	111.4K	-360	0.00	171.20	0	0	27	107
2020-05-15	$17.80	$20.00	15.5%	4.4%	19.4%	7.4%	0.0%	2.4%	3.2%	-1.2K	140.2K	-188	0.00	123.16	0	0	27	107
2020-05-18	$18.05	$20.00	26.4%	7.6%	19.5%	14.3%	0.0%	15.2%	-18.7%	-1.1K	89.2K	-417	0.00	167.21	20	0	26	94
2020-05-19	$18.11	$20.00	38.2%	10.9%	15.1%	21.7%	0.0%	23.7%	-22.8%	1.4K	79.9K	-411	0.00	169.58	0	1	46	94
2020-05-20	$18.24	$20.00	38.0%	10.9%	12.4%	21.7%	0.0%	26.5%	-18.6%	1.3K	49.7K	-560	0.00	171.32	0	1	46	95
2020-05-21	$18.18	$20.00	30.3%	8.7%	12.5%	16.8%	0.0%	11.7%	-12.2%	1.1K	73.8K	-457	0.00	157.64	0	0	46	96
2020-05-22	$18.19	$20.00	15.5%	4.4%	12.3%	7.4%	0.0%	2.3%	1.1%	1.6K	98.6K	-211	0.00	82.23	0	0	46	96
2020-05-26	$18.37	$20.00	44.2%	12.7%	12.6%	25.6%	0.0%	25.8%	-33.5%	-380	80.4K	-390	0.00	170.30	0	0	46	96
2020-05-27	$18.51	$20.00	43.0%	12.3%	12.8%	24.8%	0.0%	23.8%	10.3%	881	68.0K	-449	0.00	169.59	0	0	46	96
2020-05-28	$18.47	$20.00	46.7%	13.4%	12.1%	27.1%	0.0%	25.3%	-36.7%	964	52.4K	-510	0.00	170.67	0	0	46	96
2020-05-29	$18.44	$20.00	46.4%	13.3%	12.1%	26.9%	0.0%	3.0%	-33.0%	1.3K	72.2K	-411	0.00	167.00	0	0	46	96