FTAG Options History — May 2018

In May 2018, FTAG traded between $26.77 and $27.98. ATM implied volatility averaged 37.3%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 25.5% (HV 20d: 11.8%). Max pain ranged from $29.00 to $29.00. Net GEX was positive for 7 of 18 trading days. Term structure was in contango for 6 of 18 days. Put/call ratio averaged 1.23.

Notable Days

2018-05-01: Highest Volume — 128 contracts
2018-05-29: Largest IV spike — 87.4% change
2018-05-07: Highest IV Rank — 28.8%
2018-05-01: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.36	$26.77	$27.98	$26.77	$27.42
Max Pain	$29.00	$29.00	$29.00	$29.00	$29.00
ATM IV	37.3%	26.1%	62.9%	49.3%	28.9%
Expected Move	10.4%	7.5%	14.1%	14.1%	8.3%
HV 20d	11.8%	10.2%	16.5%	16.5%	12.4%
HV 60d	19.2%	16.7%	20.7%	20.7%	17.2%
IV Rank	11.9%	4.5%	28.8%	19.8%	6.3%
IV Percentile	48.3%	17.5%	91.7%	81.7%	25.4%
Term Structure	-4.4%	-18.3%	4.4%	-5.5%	-0.5%
VWIV	39.5%	23.0%	54.3%	48.6%	23.0%
Skew 25d	7.0%	0.9%	20.2%	4.9%	7.5%
Skew 10d	6.1%	-2.2%	25.8%	25.8%	6.4%
Call IV 25d	35.5%	25.8%	56.6%	27.4%	25.9%
Put IV 25d	42.5%	29.5%	64.8%	32.3%	33.3%
Bid-Ask Spread %	116.46	95.70	130.06	118.98	110.94
Gamma HHI	0.22	0.18	0.30	0.20	0.23
Net GEX	-1.9K	-4.5K	1.7K	-3.5K	197
Net DEX	32.1K	-10.2K	77.9K	77.9K	-4.1K
Net VEX	-319	-484	-212	-484	-212
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.23	1.10	1.55	1.10	1.48
Total Volume	102.611	51	128	128	52
Total OI	129.278	51	168	168	52

Daily Data (18 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
2018-05-01	$26.77	$29.00	49.3%	14.1%	16.5%	19.8%	48.6%	4.9%	-5.5%	-3.5K	77.9K	-484	1.10	118.98	61	67	61	107
2018-05-02	$26.90	$29.00	48.3%	13.8%	14.6%	19.2%	54.3%	8.2%	-3.3%	-3.6K	61.6K	-452	1.10	129.90	61	67	61	107
2018-05-03	$27.00	$0.00	31.4%	10.0%	13.6%	8.0%	0.0%	20.2%	-5.7%	-4.5K	77.5K	-400	1.10	110.02	61	67	61	107
2018-05-04	$27.10	$0.00	42.5%	10.3%	12.6%	15.4%	0.0%	14.4%	-10.1%	-3.5K	41.0K	-414	1.10	115.94	61	67	61	107
2018-05-07	$27.16	$0.00	62.9%	13.4%	11.4%	28.8%	0.0%	12.8%	-18.3%	-3.0K	55.0K	-438	1.10	121.78	61	67	61	107
2018-05-08	$27.10	$0.00	28.5%	8.2%	11.3%	6.1%	0.0%	2.8%	1.1%	-3.9K	65.8K	-336	1.10	95.70	61	67	61	107
2018-05-09	$27.21	$0.00	27.8%	8.0%	10.9%	5.6%	0.0%	1.9%	3.6%	-3.7K	56.2K	-347	1.10	106.36	61	67	61	107
2018-05-10	$27.47	$0.00	28.5%	8.2%	11.2%	6.1%	0.0%	4.1%	1.8%	-3.3K	49.1K	-396	1.10	107.48	61	67	61	107
2018-05-14	$27.57	$0.00	44.3%	12.7%	11.2%	16.6%	0.0%	4.8%	-6.1%	-3.2K	41.4K	-347	1.10	122.85	61	67	61	107
2018-05-15	$27.64	$0.00	31.6%	9.1%	10.8%	8.1%	0.0%	8.6%	-5.9%	-3.8K	41.1K	-288	1.10	129.88	61	67	61	107
2018-05-16	$27.72	$0.00	26.4%	7.6%	10.6%	4.7%	0.0%	3.3%	2.5%	-365	30.7K	-251	1.10	103.66	61	67	61	107
2018-05-17	$27.77	$0.00	26.1%	7.5%	10.2%	4.5%	0.0%	0.9%	4.4%	1.7K	20.4K	-238	1.10	104.52	61	67	61	107
2018-05-21	$27.98	$0.00	43.9%	12.6%	10.5%	16.3%	0.0%	9.2%	-5.2%	210	-10.2K	-232	1.55	129.28	20	31	20	31
2018-05-23	$27.60	$29.00	40.5%	11.6%	11.1%	14.0%	37.2%	8.3%	-7.0%	224	-7.1K	-232	1.48	130.06	21	31	21	31
2018-05-24	$27.49	$29.00	36.2%	10.4%	11.2%	11.2%	36.7%	4.4%	-13.7%	338	-9.1K	-221	1.48	116.47	21	31	21	31
2018-05-25	$27.50	$29.00	26.1%	7.5%	10.5%	4.5%	31.2%	4.2%	0.6%	178	-6.0K	-223	1.48	114.20	21	31	21	31
2018-05-29	$26.99	$29.00	48.9%	14.0%	11.8%	19.6%	45.5%	4.8%	-12.0%	177	-4.3K	-226	1.48	128.20	21	31	21	31
2018-05-30	$27.42	$29.00	28.9%	8.3%	12.4%	6.3%	23.0%	7.5%	-0.5%	197	-4.1K	-212	1.48	110.94	21	31	21	31