FTAG Options History — July 2017

In July 2017, FTAG traded between $25.07 and $25.91. ATM implied volatility averaged 35.2%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 18.4% (HV 20d: 16.8%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 17 of 17 trading days. Term structure was in contango for 4 of 17 days. Put/call ratio averaged 0.69.

Notable Days

2017-07-05: Highest Volume — 75 contracts
2017-07-10: Largest IV spike — 102.5% change
2017-07-10: Highest IV Rank — 27.9%
2017-07-05: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.52	$25.07	$25.91	$25.14	$25.76
Max Pain	$23.00	$23.00	$23.00	$23.00	$23.00
ATM IV	35.2%	22.9%	51.6%	40.4%	42.0%
Expected Move	9.5%	6.1%	12.8%	11.6%	12.0%
HV 20d	16.8%	11.5%	20.5%	20.5%	11.5%
HV 60d	15.1%	14.8%	15.5%	15.5%	15.1%
IV Rank	18.8%	12.0%	27.9%	21.7%	22.5%
IV Percentile	45.3%	9.9%	85.7%	63.1%	69.0%
Term Structure	-7.8%	-23.9%	8.7%	-10.5%	-12.1%
VWIV	29.9%	19.8%	46.4%	33.0%	46.4%
Skew 25d	-1.3%	-23.5%	7.7%	4.2%	3.7%
Skew 10d	-1.9%	-22.7%	13.4%	9.8%	1.3%
Call IV 25d	34.8%	21.7%	46.3%	44.6%	40.1%
Put IV 25d	33.5%	15.2%	50.3%	48.7%	43.8%
Bid-Ask Spread %	127.52	107.30	139.36	139.36	132.90
Gamma HHI	0.47	0.36	0.54	0.41	0.48
Net GEX	4.9K	857	6.7K	1.3K	5.1K
Net DEX	-102.4K	-144.2K	-24.3K	-33.6K	-113.1K
Net VEX	-282	-348	-195	-202	-279
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.50	1.25	1.25	0.68
Total Volume	62.059	45	75	45	62
Total OI	98.294	60	107	60	107

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
2017-07-03	$25.14	$0.00	40.4%	11.6%	20.5%	21.7%	0.0%	4.2%	-10.5%	1.3K	-33.6K	-202	1.25	139.36	20	25	35	25
2017-07-05	$25.16	$0.00	44.7%	12.8%	20.2%	24.0%	0.0%	4.0%	-5.8%	857	-24.3K	-195	0.50	133.83	50	25	35	25
2017-07-06	$25.13	$23.00	48.0%	10.8%	17.8%	25.9%	33.0%	3.7%	-19.5%	2.9K	-79.7K	-295	0.66	127.14	38	25	65	25
2017-07-07	$25.07	$23.00	25.5%	6.7%	16.1%	13.4%	23.9%	-1.8%	1.0%	5.2K	-85.1K	-290	0.66	107.30	38	25	71	25
2017-07-10	$25.33	$23.00	51.6%	11.6%	16.4%	27.9%	35.0%	2.1%	-23.9%	3.3K	-98.8K	-283	0.66	127.75	38	25	71	25
2017-07-11	$25.32	$23.00	31.5%	6.1%	16.3%	16.8%	22.4%	-2.6%	-14.7%	6.3K	-114.0K	-297	0.66	116.75	38	25	77	25
2017-07-12	$25.60	$23.00	33.8%	9.7%	16.6%	18.0%	28.6%	3.0%	5.0%	5.3K	-107.8K	-330	0.66	131.55	38	25	77	25
2017-07-13	$25.55	$23.00	31.7%	9.1%	16.2%	16.8%	27.6%	2.5%	8.7%	6.0K	-122.2K	-290	0.68	133.26	37	25	77	25
2017-07-14	$25.60	$23.00	35.2%	10.1%	16.0%	18.8%	32.2%	7.7%	-14.1%	5.7K	-124.0K	-280	0.68	126.33	37	25	82	25
2017-07-17	$25.91	$23.00	22.9%	6.6%	16.4%	12.0%	19.8%	2.8%	-10.8%	6.7K	-144.2K	-259	0.68	119.74	37	25	82	25
2017-07-18	$25.67	$23.00	37.7%	10.8%	16.7%	20.2%	30.0%	-23.5%	-2.5%	3.9K	-109.6K	-348	0.68	133.71	37	25	82	25
2017-07-20	$25.86	$23.00	34.0%	9.7%	16.9%	18.1%	30.8%	-7.1%	-10.9%	4.5K	-111.8K	-326	0.68	130.31	37	25	82	25
2017-07-21	$25.72	$23.00	27.1%	7.8%	17.0%	14.3%	28.0%	-6.5%	-5.4%	6.4K	-113.4K	-289	0.68	128.63	37	25	82	25
2017-07-24	$25.82	$23.00	25.3%	7.2%	17.1%	13.3%	27.1%	-7.9%	7.1%	6.3K	-119.7K	-279	0.68	123.57	37	25	82	25
2017-07-25	$25.70	$23.00	27.8%	8.0%	17.1%	14.7%	29.2%	-5.6%	-9.7%	6.2K	-116.7K	-272	0.68	126.45	37	25	82	25
2017-07-27	$25.53	$23.00	39.1%	11.2%	17.2%	21.0%	34.3%	-1.4%	-13.9%	6.6K	-123.3K	-277	0.68	129.26	37	25	82	25
2017-07-31	$25.76	$23.00	42.0%	12.0%	11.5%	22.5%	46.4%	3.7%	-12.1%	5.1K	-113.1K	-279	0.68	132.90	37	25	82	25