FPE Options History — March 2023

In March 2023, FPE traded between $15.32 and $17.64. ATM implied volatility averaged 39.4%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 20.5% (HV 20d: 18.9%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 1.52.

Notable Days

2023-03-31: Highest Volume — 32 contracts
2023-03-02: Largest IV spike — 154.0% change
2023-03-14: Highest IV Rank — 95.6%
2023-03-27: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.39	$15.32	$17.64	$17.57	$15.95
Max Pain	$17.14	$17.00	$18.00	$18.00	$17.00
ATM IV	39.4%	9.5%	97.8%	14.9%	31.1%
Expected Move	9.0%	3.1%	13.7%	4.3%	8.9%
HV 20d	18.9%	6.6%	28.2%	9.1%	28.2%
HV 60d	13.5%	7.7%	17.9%	7.7%	17.8%
IV Rank	35.1%	4.1%	95.6%	9.7%	26.5%
IV Percentile	76.7%	6.0%	99.6%	40.9%	72.6%
Term Structure	-7.1%	-29.4%	15.5%	-11.9%	-10.9%
VWIV	26.8%	14.1%	41.1%	14.1%	37.3%
Skew 25d	13.7%	-3.3%	41.4%	13.9%	27.7%
Skew 10d	-1.4%	-29.1%	34.6%	2.7%	16.8%
Call IV 25d	25.7%	13.2%	55.4%	28.2%	14.1%
Put IV 25d	39.4%	13.3%	55.8%	42.1%	41.7%
Bid-Ask Spread %	145.45	113.22	166.48	133.86	145.09
Gamma HHI	0.48	0.26	0.83	0.83	0.33
Net GEX	2.7K	1.6K	5.0K	5.0K	2.8K
Net DEX	-28.0K	-81.5K	10.3K	-73.8K	-18.3K
Net VEX	-258	-358	-144	-260	-265
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.52	0.00	4.00	1.00	1.67
Total Volume	4.13	0	32	0	32
Total OI	130.826	104	147	104	147

Daily Data (23 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
2023-03-01	$17.57	$18.00	14.9%	4.3%	9.1%	9.7%	0.0%	13.9%	-11.9%	5.0K	-73.8K	-260	0.00	133.86	0	0	94	10
2023-03-02	$17.55	$18.00	37.9%	10.9%	7.3%	33.5%	0.0%	0.7%	-29.4%	3.9K	-78.4K	-270	0.00	148.00	0	0	94	10
2023-03-03	$17.64	$18.00	25.4%	7.3%	7.7%	20.5%	0.0%	0.1%	-28.1%	3.5K	-81.5K	-273	0.00	151.58	0	0	94	10
2023-03-06	$17.63	$0.00	9.5%	3.1%	7.5%	4.1%	0.0%	0.2%	15.5%	2.4K	-77.5K	-267	0.00	151.05	0	0	94	10
2023-03-07	$17.54	$0.00	20.9%	3.2%	6.8%	15.9%	14.1%	8.5%	11.1%	3.5K	-77.0K	-262	1.00	154.19	10	10	94	10
2023-03-08	$17.54	$17.00	50.0%	3.1%	6.6%	46.1%	0.0%	0.1%	12.3%	3.7K	-78.5K	-302	0.00	146.97	0	0	104	20
2023-03-09	$17.30	$17.00	41.5%	9.7%	7.9%	37.3%	0.0%	6.2%	-7.1%	3.6K	-68.3K	-293	0.00	166.48	0	0	104	20
2023-03-10	$16.88	$17.00	42.8%	9.2%	11.2%	38.6%	0.0%	19.9%	-5.0%	3.6K	-49.5K	-271	0.00	139.53	0	0	104	20
2023-03-13	$16.24	$17.00	92.5%	9.5%	16.9%	90.2%	24.6%	7.5%	-4.7%	3.1K	-23.5K	-208	0.00	130.43	0	23	104	20
2023-03-14	$16.61	$17.00	97.8%	12.0%	19.4%	95.6%	0.0%	9.1%	-19.4%	2.4K	-27.0K	-358	0.00	166.06	0	0	104	43
2023-03-15	$16.07	$17.00	28.8%	8.2%	21.9%	24.1%	20.2%	-3.3%	-7.7%	1.6K	470	-293	4.00	154.19	1	4	104	43
2023-03-16	$16.23	$17.00	23.6%	6.8%	22.6%	18.7%	0.0%	-0.9%	-5.3%	2.0K	6.8K	-261	0.00	151.92	0	0	104	43
2023-03-17	$15.95	$17.00	33.7%	9.7%	23.0%	29.2%	0.0%	9.4%	-6.8%	2.3K	9.2K	-266	0.00	154.90	2	0	104	43
2023-03-20	$15.46	$17.00	39.6%	11.4%	24.6%	35.3%	0.0%	26.8%	-9.9%	1.7K	5.1K	-223	0.00	146.65	0	0	101	33
2023-03-21	$15.77	$17.00	39.3%	11.3%	26.2%	35.0%	0.0%	-0.4%	-8.0%	2.1K	-12.7K	-280	0.00	142.19	0	0	101	33
2023-03-22	$15.73	$17.00	40.6%	11.7%	26.2%	36.4%	41.1%	36.3%	-18.0%	2.0K	-6.0K	-266	4.00	147.60	1	4	101	33
2023-03-23	$15.55	$17.00	39.9%	11.4%	25.9%	35.6%	0.0%	30.5%	-10.7%	1.9K	-3.1K	-252	0.00	142.96	0	0	102	37
2023-03-24	$15.32	$17.00	44.1%	12.7%	26.1%	40.0%	0.0%	24.5%	-8.0%	1.8K	3.5K	-225	0.00	142.88	0	0	102	37
2023-03-27	$15.46	$17.00	47.9%	13.7%	26.5%	43.9%	19.9%	40.2%	-11.9%	1.9K	-2.7K	-242	0.00	145.60	6	0	102	37
2023-03-28	$15.43	$17.00	43.3%	12.4%	26.5%	39.1%	30.0%	4.4%	-12.8%	2.3K	8.9K	-193	0.00	127.84	2	0	108	37
2023-03-29	$15.66	$17.00	30.4%	8.7%	27.5%	25.7%	0.0%	41.4%	13.0%	2.5K	-11.7K	-265	0.00	142.07	0	0	110	37
2023-03-30	$15.82	$17.00	30.0%	8.6%	28.1%	25.4%	0.0%	12.3%	-0.0%	3.3K	10.3K	-144	0.00	113.22	0	0	110	37
2023-03-31	$15.95	$17.00	31.1%	8.9%	28.2%	26.5%	37.3%	27.7%	-10.9%	2.8K	-18.3K	-265	1.67	145.09	12	20	110	37