FPE Options History — February 2022

In February 2022, FPE traded between $19.11 and $19.90. ATM implied volatility averaged 19.9%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 14.8% (HV 20d: 5.1%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.36.

Notable Days

2022-02-18: Highest Volume — 445 contracts
2022-02-25: Largest IV spike — 123.4% change
2022-02-25: Highest IV Rank — 66.1%
2022-02-25: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.43	$19.11	$19.90	$19.90	$19.24
Max Pain	$19.79	$19.00	$20.00	$20.00	$19.00
ATM IV	19.9%	10.1%	38.6%	25.6%	24.8%
Expected Move	5.3%	3.1%	11.1%	7.3%	7.1%
HV 20d	5.1%	3.6%	6.5%	3.6%	6.5%
HV 60d	4.0%	3.2%	4.5%	3.2%	4.5%
IV Rank	21.1%	4.2%	66.1%	16.3%	39.2%
IV Percentile	71.8%	36.1%	96.0%	88.9%	86.5%
Term Structure	-1.3%	-11.6%	12.7%	12.7%	1.1%
VWIV	17.2%	10.9%	36.3%	21.8%	13.7%
Skew 25d	7.6%	-14.4%	45.4%	-13.7%	10.6%
Skew 10d	11.1%	-22.5%	23.8%	0.4%	20.9%
Call IV 25d	16.8%	6.5%	54.7%	54.7%	13.2%
Put IV 25d	24.4%	14.5%	56.0%	41.0%	23.8%
Bid-Ask Spread %	101.91	51.68	138.09	138.09	122.57
Gamma HHI	0.75	0.49	0.99	0.98	0.56
Net GEX	59.1K	-662	140.5K	38.6K	11.6K
Net DEX	-158.4K	-429.4K	63.1K	-429.4K	-25.3K
Net VEX	-634	-1.0K	-249	-903	-609
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.04	0.94	0.09	0.79
Total Volume	236.105	113	445	126	113
Total OI	626.105	198	1,006	457	264

Daily Data (19 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
2022-02-01	$19.90	$20.00	25.6%	7.3%	3.6%	16.3%	21.8%	-13.7%	12.7%	38.6K	-429.4K	-903	0.09	138.09	116	10	452	5
2022-02-02	$19.88	$20.00	15.5%	4.4%	3.6%	8.4%	19.2%	-14.4%	1.6%	97.1K	-407.1K	-883	0.09	133.78	116	11	452	6
2022-02-03	$19.82	$20.00	10.1%	3.1%	3.6%	4.2%	10.9%	2.9%	-0.6%	103.1K	-311.3K	-794	0.04	115.05	264	11	452	7
2022-02-04	$19.70	$20.00	15.6%	3.1%	4.0%	8.5%	10.9%	3.6%	-0.5%	120.2K	-389.9K	-967	0.09	108.74	118	11	610	7
2022-02-07	$19.61	$20.00	16.6%	4.0%	4.2%	9.3%	14.0%	3.6%	-2.7%	121.2K	-421.8K	-1.0K	0.05	86.99	251	12	755	7
2022-02-08	$19.51	$20.00	33.7%	4.0%	4.4%	22.7%	13.8%	4.7%	-2.4%	118.3K	-272.2K	-775	0.25	93.02	251	62	755	8
2022-02-09	$19.58	$20.00	13.0%	3.7%	4.5%	6.5%	13.8%	4.6%	-1.9%	140.5K	-267.0K	-808	0.26	95.27	251	66	755	62
2022-02-10	$19.40	$20.00	17.2%	4.9%	5.1%	9.7%	16.2%	4.7%	-1.5%	96.1K	-185.0K	-705	0.27	100.68	251	68	755	62
2022-02-11	$19.29	$20.00	18.5%	5.3%	5.2%	10.8%	17.6%	4.9%	-2.8%	57.1K	-64.9K	-551	0.06	106.01	251	16	755	114
2022-02-14	$19.26	$20.00	17.8%	5.1%	5.2%	10.2%	19.1%	3.2%	-1.8%	37.0K	-16.6K	-389	0.06	95.97	251	15	755	115
2022-02-15	$19.29	$20.00	17.4%	5.0%	5.4%	24.6%	13.0%	7.5%	-2.7%	724	24.4K	-249	0.06	91.38	251	15	755	116
2022-02-16	$19.37	$20.00	25.3%	7.2%	5.8%	40.0%	16.2%	15.3%	-9.9%	82.4K	-176.8K	-516	0.41	115.94	284	116	755	116
2022-02-17	$19.38	$20.00	16.8%	4.8%	5.8%	23.5%	15.6%	4.9%	-0.8%	75.5K	-146.0K	-575	0.40	86.54	284	115	788	218
2022-02-18	$19.27	$20.00	16.4%	4.7%	5.8%	22.8%	16.5%	16.9%	3.9%	13.9K	-45.1K	-368	0.57	110.55	284	161	788	218
2022-02-22	$19.24	$20.00	18.7%	5.4%	5.8%	27.2%	18.3%	14.0%	-2.3%	5.5K	12.0K	-357	0.94	91.83	63	59	138	60
2022-02-23	$19.17	$19.00	18.7%	5.4%	5.8%	27.2%	21.8%	13.4%	-2.1%	-662	63.1K	-457	0.79	51.68	63	50	163	100
2022-02-24	$19.11	$19.00	17.3%	5.0%	5.8%	24.5%	19.0%	12.0%	-1.0%	-479	55.3K	-496	0.79	96.95	63	50	163	101
2022-02-25	$19.23	$19.00	38.6%	11.1%	6.5%	66.1%	36.3%	45.4%	-11.6%	5.1K	-6.0K	-642	0.79	95.24	63	50	163	101
2022-02-28	$19.24	$19.00	24.8%	7.1%	6.5%	39.2%	13.7%	10.6%	1.1%	11.6K	-25.3K	-609	0.79	122.57	63	50	163	101