FPE Options History — December 2023

In December 2023, FPE traded between $16.45 and $16.91. ATM implied volatility averaged 10.3%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 4.1% (HV 20d: 6.2%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 2.50.

Notable Days

2023-12-05: Highest Volume — 98 contracts
2023-12-13: Largest IV drop — 57.9% change
2023-12-12: Highest IV Rank — 12.9%
2023-12-01: Largest Expected Move — 3.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.69	$16.45	$16.91	$16.45	$16.86
Max Pain	$15.25	$15.00	$16.00	$16.00	$15.00
ATM IV	10.3%	6.4%	18.5%	11.3%	8.6%
Expected Move	2.4%	1.6%	3.2%	3.2%	2.5%
HV 20d	6.2%	5.3%	7.4%	7.4%	5.5%
HV 60d	7.1%	6.8%	7.4%	7.0%	6.8%
IV Rank	4.7%	0.8%	12.9%	5.8%	3.1%
IV Percentile	20.8%	1.2%	51.2%	29.4%	12.7%
Term Structure	0.8%	-1.4%	3.0%	-0.6%	2.2%
VWIV	14.1%	8.5%	19.8%	19.8%	8.5%
Skew 25d	0.2%	-32.9%	43.7%	-32.9%	-10.9%
Skew 10d	-0.9%	-22.2%	51.4%	-9.4%	-22.2%
Call IV 25d	11.7%	4.9%	43.6%	43.6%	20.3%
Put IV 25d	11.9%	6.2%	59.7%	10.8%	9.4%
Bid-Ask Spread %	50.98	8.46	101.04	100.57	93.11
Gamma HHI	0.61	0.41	0.82	0.75	0.42
Net GEX	1.1K	-7.5K	13.3K	8.0K	-7.5K
Net DEX	-62.5K	-161.3K	47.2K	-63.7K	-10.7K
Net VEX	-793	-1.2K	-456	-468	-815
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.50	0.00	10.00	0.00	0.00
Total Volume	17.35	0	98	0	0
Total OI	308.1	170	415	170	415

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
2023-12-01	$16.45	$16.00	11.3%	3.2%	7.4%	5.8%	0.0%	-32.9%	-0.6%	8.0K	-63.7K	-468	0.00	100.57	0	0	118	52
2023-12-04	$16.46	$0.00	9.7%	2.3%	6.9%	4.2%	0.0%	-0.3%	0.9%	8.1K	-62.2K	-456	0.00	78.59	0	0	118	52
2023-12-05	$16.46	$0.00	10.3%	2.4%	6.8%	4.7%	0.0%	-0.4%	0.0%	8.4K	-68.5K	-458	0.00	51.29	98	0	118	52
2023-12-06	$16.48	$0.00	13.8%	2.3%	6.6%	8.3%	0.0%	-0.3%	1.8%	13.3K	-119.3K	-570	0.00	79.65	0	0	163	52
2023-12-07	$16.52	$0.00	13.2%	1.6%	6.6%	7.6%	0.0%	1.7%	0.0%	9.6K	-137.3K	-535	0.00	52.47	0	50	163	52
2023-12-08	$16.52	$0.00	12.2%	2.4%	6.2%	6.7%	0.0%	0.6%	-1.2%	6.0K	-102.5K	-742	0.00	30.57	0	0	163	102
2023-12-11	$16.49	$0.00	18.2%	2.4%	6.1%	12.7%	0.0%	-0.5%	0.8%	6.4K	-100.6K	-724	5.00	8.46	10	50	163	102
2023-12-12	$16.52	$0.00	18.5%	2.4%	6.0%	12.9%	0.0%	0.8%	-1.4%	471	-95.9K	-848	0.00	9.87	0	0	173	152
2023-12-13	$16.63	$0.00	7.8%	2.2%	5.6%	2.2%	0.0%	2.5%	3.0%	2.1K	-93.1K	-830	0.00	73.94	0	2	173	152
2023-12-14	$16.80	$0.00	6.4%	1.8%	6.4%	0.8%	0.0%	2.0%	2.7%	2.6K	-142.9K	-615	0.00	9.57	0	0	173	152
2023-12-15	$16.84	$0.00	7.8%	2.2%	6.4%	2.2%	0.0%	0.8%	0.6%	-498	-161.3K	-694	0.00	21.30	1	0	173	152
2023-12-18	$16.77	$0.00	10.0%	2.9%	6.6%	4.4%	0.0%	-5.1%	-0.6%	-1.1K	-65.6K	-737	10.00	64.94	5	50	127	152
2023-12-19	$16.87	$0.00	9.1%	2.6%	6.8%	3.5%	0.0%	43.7%	-0.5%	-7.2K	-71.3K	-510	0.00	84.23	0	50	132	202
2023-12-20	$16.88	$0.00	8.4%	2.4%	5.4%	2.8%	0.0%	11.4%	2.1%	-6.7K	47.2K	-1.1K	0.00	20.45	0	0	132	252
2023-12-21	$16.91	$0.00	8.5%	2.4%	5.3%	2.9%	0.0%	11.5%	1.6%	-6.9K	31.1K	-1.1K	0.00	22.80	0	0	132	252
2023-12-22	$16.87	$0.00	8.9%	2.5%	5.5%	3.3%	0.0%	-10.0%	0.4%	-4.1K	25.9K	-1.2K	0.00	71.53	0	0	132	252
2023-12-26	$16.84	$0.00	6.8%	1.9%	5.7%	1.2%	19.8%	-9.9%	1.6%	-4.9K	30.3K	-1.1K	0.00	101.04	30	0	132	252
2023-12-27	$16.86	$15.00	8.2%	2.4%	5.7%	2.7%	0.0%	-0.1%	1.4%	-1.7K	-46.8K	-1.2K	0.00	23.39	0	0	162	252
2023-12-28	$16.86	$15.00	8.4%	2.4%	5.5%	2.9%	8.5%	-0.1%	1.3%	-3.1K	-42.8K	-1.2K	0.00	21.84	1	0	162	252
2023-12-29	$16.86	$15.00	8.6%	2.5%	5.5%	3.1%	0.0%	-10.9%	2.2%	-7.5K	-10.7K	-815	0.00	93.11	0	0	163	252