FTAG Options History — February 2017

In February 2017, FTAG traded between $24.04 and $24.65. ATM implied volatility averaged 31.0%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 12.6% (HV 20d: 18.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 17 of 17 trading days. Term structure was in contango for 5 of 17 days. Put/call ratio averaged 0.53.

Notable Days

2017-02-01: Highest Volume — 94 contracts
2017-02-27: Largest IV spike — 76.9% change
2017-02-01: Highest IV Rank — 24.4%
2017-02-01: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.27	$24.04	$24.65	$24.23	$24.05
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	31.0%	21.2%	44.8%	44.8%	24.6%
Expected Move	8.8%	6.1%	12.8%	12.8%	7.1%
HV 20d	18.4%	11.8%	20.8%	20.7%	11.9%
HV 60d	17.5%	17.2%	17.7%	17.7%	17.6%
IV Rank	16.8%	11.4%	24.4%	24.4%	13.3%
IV Percentile	45.5%	28.0%	75.7%	75.7%	31.8%
Term Structure	-4.4%	-23.5%	32.8%	-8.6%	-6.3%
VWIV	50.2%	50.2%	50.2%	50.2%	50.2%
Skew 25d	0.1%	-12.4%	9.6%	4.4%	0.5%
Skew 10d	5.9%	-8.0%	14.2%	14.2%	4.5%
Call IV 25d	30.9%	20.0%	52.5%	52.5%	22.1%
Put IV 25d	31.0%	18.5%	56.8%	56.8%	22.6%
Bid-Ask Spread %	129.09	104.78	139.92	130.26	133.73
Gamma HHI	0.62	0.33	1.00	0.33	1.00
Net GEX	3.3K	320	6.6K	2.4K	473
Net DEX	-62.1K	-84.5K	-29.5K	-77.4K	-31.3K
Net VEX	-357	-415	-319	-413	-330
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.45	0.71	0.45	0.56
Total Volume	82.588	60	94	94	70
Total OI	82	60	94	94	60

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
2017-02-01	$24.23	$15.00	44.8%	12.8%	20.7%	24.4%	50.2%	4.4%	-8.6%	2.4K	-77.4K	-413	0.45	130.26	65	29	65	29
2017-02-02	$24.38	$0.00	34.9%	7.8%	20.6%	19.0%	0.0%	2.3%	-4.7%	3.8K	-73.7K	-415	0.45	138.38	65	29	65	29
2017-02-03	$24.29	$0.00	21.5%	6.6%	20.8%	11.6%	0.0%	-1.0%	2.4%	5.7K	-75.4K	-397	0.45	104.78	65	29	65	29
2017-02-06	$24.11	$0.00	36.6%	11.6%	20.5%	19.9%	0.0%	-10.3%	-23.5%	5.5K	-67.3K	-388	0.45	132.96	65	29	65	29
2017-02-07	$24.10	$0.00	38.4%	10.8%	20.5%	20.9%	0.0%	-12.4%	-18.5%	5.6K	-75.7K	-361	0.45	133.29	65	29	65	29
2017-02-08	$24.11	$0.00	23.7%	6.8%	20.5%	12.8%	0.0%	2.5%	-0.2%	6.1K	-68.8K	-382	0.45	104.84	65	29	65	29
2017-02-09	$24.21	$0.00	34.1%	9.8%	20.4%	18.5%	0.0%	9.6%	-7.5%	6.6K	-74.6K	-364	0.45	138.61	65	29	65	29
2017-02-10	$24.28	$0.00	22.8%	6.5%	20.4%	12.3%	0.0%	-0.2%	0.5%	6.0K	-82.9K	-359	0.45	131.07	65	29	65	29
2017-02-15	$24.40	$0.00	36.5%	10.5%	20.3%	19.8%	0.0%	3.9%	-9.8%	5.4K	-83.9K	-341	0.45	139.48	65	29	65	29
2017-02-16	$24.41	$0.00	34.3%	9.8%	20.3%	18.6%	0.0%	2.9%	-9.9%	5.7K	-82.1K	-344	0.45	139.47	65	29	65	29
2017-02-17	$24.43	$0.00	21.2%	6.1%	20.3%	11.4%	0.0%	-3.5%	2.8%	466	-84.5K	-337	0.45	120.06	65	29	65	29
2017-02-21	$24.45	$0.00	24.6%	7.0%	20.3%	13.3%	0.0%	-1.6%	32.8%	467	-35.3K	-331	0.71	130.69	35	25	35	25
2017-02-22	$24.65	$0.00	40.9%	11.7%	16.9%	22.2%	0.0%	4.1%	-10.3%	320	-41.3K	-323	0.71	135.49	35	25	35	25
2017-02-23	$24.16	$0.00	21.7%	6.2%	13.3%	11.7%	0.0%	-2.7%	5.9%	482	-34.9K	-335	0.71	112.21	35	25	35	25
2017-02-24	$24.04	$0.00	23.7%	6.8%	12.9%	12.8%	0.0%	-0.8%	-6.7%	706	-29.5K	-319	0.71	129.36	35	25	35	25
2017-02-27	$24.33	$0.00	41.9%	12.0%	11.8%	22.8%	0.0%	3.9%	-12.7%	445	-36.9K	-323	0.71	139.92	35	25	35	25
2017-02-28	$24.05	$0.00	24.6%	7.1%	11.9%	13.3%	0.0%	0.5%	-6.3%	473	-31.3K	-330	0.56	133.73	45	25	35	25