FTAG Options History — January 2018

In January 2018, FTAG traded between $28.41 and $29.98. ATM implied volatility averaged 40.2%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 31.4% (HV 20d: 8.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.72.

Notable Days

2018-01-31: Highest Volume — 58 contracts
2018-01-10: Largest IV drop — 36.0% change
2018-01-08: Highest IV Rank — 23.6%
2018-01-31: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.38	$28.41	$29.98	$28.41	$29.45
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	40.2%	28.4%	55.0%	43.6%	52.4%
Expected Move	11.1%	8.1%	15.0%	12.5%	15.0%
HV 20d	8.7%	7.5%	10.0%	8.2%	10.0%
HV 60d	9.5%	8.5%	10.7%	10.7%	9.1%
IV Rank	13.8%	6.0%	23.6%	16.0%	21.9%
IV Percentile	60.2%	25.4%	90.5%	73.4%	90.1%
Term Structure	-0.7%	-21.1%	32.7%	-4.4%	-11.8%
VWIV	55.8%	35.2%	76.1%	44.9%	76.1%
Skew 25d	6.8%	1.9%	11.3%	2.8%	6.5%
Skew 10d	7.9%	-6.2%	16.8%	4.7%	16.8%
Call IV 25d	40.3%	33.4%	48.8%	42.1%	48.8%
Put IV 25d	47.1%	38.7%	56.0%	44.9%	55.3%
Bid-Ask Spread %	135.69	111.78	148.67	129.91	135.98
Gamma HHI	0.30	0.20	0.49	0.32	0.25
Net GEX	-595	-1.4K	-221	-738	-862
Net DEX	-4.4K	-12.6K	3.4K	2.6K	-2.2K
Net VEX	-256	-318	-171	-205	-292
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.72	1.48	2.10	2.10	1.76
Total Volume	44.85	31	58	31	58
Total OI	53.5	41	62	41	62

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
2018-01-02	$28.41	$0.00	43.6%	12.5%	8.2%	16.0%	0.0%	2.8%	-4.4%	-738	2.6K	-205	2.10	129.91	10	21	10	31
2018-01-03	$28.63	$0.00	42.4%	12.2%	7.5%	15.3%	0.0%	1.9%	-6.3%	-669	2.3K	-206	2.10	130.90	10	21	10	31
2018-01-04	$29.06	$25.00	39.6%	8.7%	8.8%	13.4%	44.9%	5.3%	2.2%	-562	-815	-191	2.10	148.67	10	21	10	31
2018-01-05	$29.21	$25.00	42.4%	10.6%	8.7%	15.3%	36.0%	4.0%	9.8%	-552	2.1K	-202	2.10	118.48	10	21	10	31
2018-01-08	$29.25	$25.00	55.0%	12.0%	8.6%	23.6%	47.8%	5.8%	-4.8%	-1.4K	1.2K	-172	2.10	111.78	10	21	10	31
2018-01-10	$29.04	$25.00	35.2%	10.1%	9.2%	10.5%	49.2%	7.0%	4.7%	-1.0K	3.4K	-177	2.10	129.46	10	21	10	31
2018-01-11	$29.31	$25.00	28.4%	8.1%	9.5%	6.0%	44.3%	3.7%	19.5%	-325	-1.8K	-185	2.10	141.72	10	21	10	31
2018-01-12	$29.40	$25.00	34.0%	9.7%	9.4%	9.7%	50.2%	8.8%	-2.9%	-455	-6.1K	-171	1.55	140.24	20	31	10	31
2018-01-16	$29.29	$25.00	39.4%	11.3%	8.9%	13.3%	52.6%	5.5%	-6.4%	-542	-4.7K	-314	1.55	134.42	20	31	20	41
2018-01-17	$29.29	$25.00	31.7%	9.1%	9.0%	8.2%	48.8%	7.9%	-2.5%	-221	-12.6K	-292	1.48	147.87	21	31	20	41
2018-01-18	$29.38	$25.00	33.0%	9.5%	9.0%	9.0%	50.2%	9.4%	3.6%	-290	-5.0K	-318	1.48	148.49	21	31	21	41
2018-01-19	$29.52	$25.00	38.8%	11.1%	9.0%	12.9%	57.1%	7.9%	32.7%	-482	-11.8K	-314	1.48	129.82	21	31	21	41
2018-01-22	$29.70	$25.00	33.3%	9.5%	9.0%	9.3%	35.2%	4.0%	-0.3%	-712	-4.2K	-295	1.48	147.57	21	31	21	41
2018-01-23	$29.83	$25.00	33.7%	9.7%	8.3%	9.6%	63.2%	7.1%	0.4%	-316	-10.1K	-305	1.48	142.09	21	31	21	41
2018-01-24	$29.89	$25.00	34.0%	9.8%	7.5%	9.8%	66.4%	8.4%	-8.6%	-312	-11.0K	-302	1.48	139.33	21	31	21	41
2018-01-25	$29.85	$25.00	43.0%	12.3%	7.6%	15.7%	66.4%	10.6%	-5.1%	-336	-8.8K	-311	1.48	134.14	21	31	21	41
2018-01-26	$29.98	$25.00	44.0%	12.6%	7.6%	16.4%	68.7%	11.3%	-5.5%	-1.3K	-8.9K	-261	1.48	133.91	21	31	21	41
2018-01-29	$29.74	$25.00	47.0%	13.5%	8.6%	18.3%	73.5%	10.8%	-7.8%	-375	-7.4K	-296	1.48	134.61	21	31	21	41
2018-01-30	$29.39	$25.00	52.1%	14.9%	10.0%	21.7%	74.1%	7.8%	-21.1%	-396	-5.0K	-305	1.48	134.37	21	31	21	41
2018-01-31	$29.45	$25.00	52.4%	15.0%	10.0%	21.9%	76.1%	6.5%	-11.8%	-862	-2.2K	-292	1.76	135.98	21	37	21	41