FTAG Options History — August 2016

In August 2016, FTAG traded between $20.87 and $22.07. ATM implied volatility averaged 62.3%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded above realized volatility by 36.8% (HV 20d: 25.5%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 0 of 17 trading days. Term structure was in contango for 10 of 17 days. Put/call ratio averaged 1.80.

Notable Days

2016-08-08: Highest Volume — 35 contracts
2016-08-18: Largest IV spike — 270.8% change
2016-08-31: Highest IV Rank — 82.3%
2016-08-31: Largest Expected Move — 43.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.68	$20.87	$22.07	$21.00	$22.07
Max Pain	$23.53	$20.00	$24.00	$20.00	$24.00
ATM IV	62.3%	27.6%	150.0%	40.4%	150.0%
Expected Move	19.0%	7.9%	43.0%	11.6%	43.0%
HV 20d	25.5%	15.1%	40.3%	40.3%	15.1%
HV 60d	32.9%	27.0%	36.2%	35.8%	27.0%
IV Rank	34.0%	14.9%	82.3%	22.0%	82.3%
IV Percentile	73.2%	49.3%	98.6%	72.9%	98.6%
Term Structure	9.9%	-126.9%	106.5%	-15.6%	-123.6%
VWIV	69.4%	30.6%	157.3%	49.1%	157.3%
Skew 25d	7.8%	-2.7%	14.5%	11.8%	2.2%
Skew 10d	0.9%	-8.2%	14.5%	14.5%	-0.8%
Call IV 25d	80.5%	27.8%	189.6%	33.8%	189.6%
Put IV 25d	88.3%	31.8%	191.8%	45.7%	191.8%
Bid-Ask Spread %	150.75	105.22	171.02	154.78	150.46
Gamma HHI	0.45	0.25	0.57	0.53	0.48
Net GEX	-153	-314	-15	-190	-238
Net DEX	-14.5K	-20.3K	5.5K	-18.2K	-19.8K
Net VEX	-43	-66	-16	-37	-34
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.80	1.67	1.92	1.82	1.67
Total Volume	27.529	0	35	31	32
Total OI	41.412	5	51	42	48

Daily Data (17 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
2016-08-01	$21.00	$20.00	40.4%	11.6%	40.3%	22.0%	49.1%	11.8%	-15.6%	-190	-18.2K	-37	1.82	154.78	11	20	11	31
2016-08-02	$20.87	$20.00	37.7%	10.8%	39.7%	20.5%	48.2%	10.6%	-4.3%	-201	-18.3K	-35	1.67	147.01	12	20	11	31
2016-08-08	$21.38	$24.00	36.3%	10.1%	30.2%	19.7%	40.5%	8.9%	106.5%	-314	-16.8K	-59	1.92	134.81	12	23	12	38
2016-08-09	$21.38	$24.00	36.2%	30.7%	26.5%	19.7%	113.0%	14.5%	37.1%	-244	-16.6K	-66	1.92	148.98	12	23	12	39
2016-08-11	$21.67	$24.00	27.6%	7.9%	26.5%	14.9%	30.6%	10.5%	91.2%	-145	-16.3K	-63	1.92	154.21	12	23	12	39
2016-08-12	$21.61	$24.00	35.8%	10.3%	26.6%	19.4%	43.1%	0.5%	14.7%	-48	-18.4K	-37	1.92	150.16	12	23	12	39
2016-08-15	$21.75	$24.00	27.8%	8.0%	26.1%	15.0%	38.7%	9.3%	103.2%	-147	-16.4K	-59	1.92	159.13	12	23	12	39
2016-08-16	$21.72	$24.00	40.1%	11.5%	26.0%	21.8%	40.0%	7.4%	94.5%	-163	-16.6K	-57	1.92	150.65	12	23	12	39
2016-08-17	$21.55	$24.00	27.9%	8.0%	25.3%	15.1%	0.0%	4.0%	95.8%	-186	5.5K	-38	0.00	171.02	0	0	1	13
2016-08-18	$21.55	$24.00	103.4%	29.6%	24.1%	56.7%	0.0%	12.4%	-60.8%	-20	386	-16	0.00	159.47	0	0	1	4
2016-08-19	$21.73	$24.00	37.5%	10.7%	24.1%	20.4%	38.6%	8.1%	103.3%	-55	-17.1K	-56	1.92	151.40	12	23	12	39
2016-08-22	$21.95	$24.00	28.4%	8.2%	24.2%	15.4%	36.5%	11.0%	2.4%	-39	-17.0K	-59	1.67	161.54	12	20	12	36
2016-08-23	$22.07	$24.00	40.4%	11.6%	22.9%	22.0%	42.5%	2.6%	2.3%	-199	-20.1K	-33	1.67	105.22	12	20	12	36
2016-08-24	$22.07	$24.00	114.8%	32.9%	21.0%	63.0%	0.0%	13.1%	-65.3%	-15	183	-16	0.00	156.15	0	0	1	4
2016-08-25	$22.07	$24.00	128.0%	36.7%	17.5%	70.3%	137.2%	9.0%	-86.0%	-202	-20.0K	-38	1.67	154.38	12	20	12	36
2016-08-30	$22.07	$24.00	146.7%	42.0%	16.9%	80.5%	156.1%	-2.7%	-126.9%	-203	-20.3K	-34	1.67	153.29	12	20	12	36
2016-08-31	$22.07	$24.00	150.0%	43.0%	15.1%	82.3%	157.3%	2.2%	-123.6%	-238	-19.8K	-34	1.67	150.46	12	20	12	36