FPE Options History — November 2023

In November 2023, FPE traded between $15.68 and $16.34. ATM implied volatility averaged 11.4%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 3.1% (HV 20d: 8.3%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2023-11-17: Highest Volume — 98 contracts
2023-11-02: Largest IV spike — 225.8% change
2023-11-03: Highest IV Rank — 21.4%
2023-11-02: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.11	$15.68	$16.34	$15.68	$16.34
Max Pain	$16.00	$16.00	$16.00	$16.00	$16.00
ATM IV	11.4%	7.6%	26.9%	8.3%	8.6%
Expected Move	2.8%	2.2%	3.9%	2.4%	2.5%
HV 20d	8.3%	5.7%	9.1%	5.7%	8.5%
HV 60d	6.5%	5.1%	6.9%	5.1%	6.9%
IV Rank	5.8%	2.1%	21.4%	2.7%	3.1%
IV Percentile	19.5%	5.6%	57.1%	7.1%	9.9%
Term Structure	1.0%	-3.1%	4.6%	2.3%	1.7%
VWIV	10.4%	10.2%	10.5%	10.2%	10.5%
Skew 25d	-3.7%	-26.9%	25.1%	3.6%	-22.6%
Skew 10d	1.4%	-25.7%	31.8%	2.3%	-13.0%
Call IV 25d	17.1%	8.5%	37.2%	8.5%	32.3%
Put IV 25d	13.4%	7.1%	47.9%	12.0%	9.7%
Bid-Ask Spread %	61.88	9.41	106.81	90.47	98.90
Gamma HHI	0.80	0.49	0.96	0.79	0.69
Net GEX	28.9K	4.4K	73.5K	21.9K	13.1K
Net DEX	-116.1K	-231.3K	-27.5K	-27.5K	-103.8K
Net VEX	-203	-247	-122	-122	-215
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.00	3.33	0.00	3.33
Total Volume	15.143	0	98	0	65
Total OI	211.714	104	292	245	105

Daily Data (21 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
2023-11-01	$15.68	$16.00	8.3%	2.4%	5.7%	2.7%	0.0%	3.6%	2.3%	21.9K	-27.5K	-122	0.00	90.47	0	0	134	111
2023-11-02	$15.91	$0.00	26.9%	3.9%	7.7%	21.4%	0.0%	2.8%	-3.1%	25.4K	-59.0K	-148	0.00	66.85	25	0	134	111
2023-11-03	$16.05	$0.00	26.9%	3.0%	8.1%	21.4%	0.0%	-0.2%	0.3%	24.9K	-105.9K	-186	0.00	90.78	50	0	134	111
2023-11-06	$16.04	$0.00	11.8%	2.7%	8.1%	6.3%	0.0%	9.2%	0.8%	46.3K	-147.8K	-205	0.00	42.86	0	0	174	111
2023-11-07	$15.98	$0.00	11.7%	2.8%	8.3%	6.2%	0.0%	1.4%	3.9%	49.8K	-125.8K	-204	0.00	45.49	0	2	174	111
2023-11-08	$16.00	$0.00	9.9%	2.8%	8.2%	4.3%	0.0%	1.4%	0.9%	56.0K	-133.4K	-188	0.00	21.80	0	0	174	113
2023-11-09	$15.93	$0.00	9.8%	2.8%	8.4%	4.2%	0.0%	25.1%	0.8%	56.7K	-116.6K	-177	0.00	100.20	0	0	174	113
2023-11-10	$16.04	$0.00	10.1%	2.9%	8.4%	4.5%	0.0%	9.8%	0.6%	73.5K	-131.8K	-168	0.00	51.60	0	0	174	113
2023-11-13	$16.09	$0.00	10.3%	3.0%	8.5%	4.8%	0.0%	2.2%	1.1%	68.2K	-171.3K	-132	0.00	17.24	40	0	174	113
2023-11-14	$16.24	$0.00	10.6%	3.0%	8.7%	5.1%	0.0%	-8.1%	-0.1%	17.4K	-152.8K	-220	0.00	91.73	19	0	174	113
2023-11-15	$16.23	$0.00	9.7%	2.8%	8.3%	4.1%	0.0%	-9.9%	0.9%	19.7K	-156.5K	-245	0.00	64.32	0	0	179	113
2023-11-16	$16.24	$0.00	9.8%	2.8%	8.1%	4.2%	0.0%	-10.8%	1.1%	18.5K	-154.6K	-227	1.25	64.32	8	10	179	113
2023-11-17	$16.21	$0.00	10.2%	2.9%	8.2%	4.6%	10.2%	-13.2%	0.7%	4.4K	-231.3K	-180	0.00	64.83	98	0	179	107
2023-11-20	$16.27	$16.00	8.6%	2.5%	8.2%	3.0%	0.0%	-19.7%	3.9%	19.8K	-93.3K	-231	0.00	96.85	0	0	102	2
2023-11-21	$16.12	$16.00	10.3%	2.9%	9.1%	4.7%	0.0%	-19.3%	0.3%	15.1K	-83.1K	-247	0.00	104.93	0	0	102	2
2023-11-22	$16.11	$16.00	10.1%	2.9%	8.9%	4.5%	0.0%	1.2%	0.5%	15.8K	-80.9K	-245	0.00	20.31	0	0	102	2
2023-11-24	$16.13	$16.00	10.5%	3.0%	8.8%	5.0%	10.5%	1.3%	0.2%	15.9K	-81.0K	-238	0.00	39.88	1	0	102	2
2023-11-27	$16.19	$16.00	8.7%	2.5%	8.7%	3.1%	0.0%	-2.7%	-0.6%	15.7K	-91.4K	-233	0.00	9.80	0	0	103	2
2023-11-28	$16.20	$16.00	8.6%	2.5%	8.7%	3.1%	0.0%	-2.8%	0.3%	16.0K	-93.3K	-229	0.00	9.41	0	0	103	2
2023-11-29	$16.30	$16.00	7.6%	2.2%	8.9%	2.1%	0.0%	-26.9%	4.6%	13.2K	-97.5K	-224	0.00	106.81	0	0	103	2
2023-11-30	$16.34	$16.00	8.6%	2.5%	8.5%	3.1%	0.0%	-22.6%	1.7%	13.1K	-103.8K	-215	3.33	98.90	15	50	103	2