FTAG Options History — July 2018

In July 2018, FTAG traded between $25.96 and $26.69. ATM implied volatility averaged 44.1%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 26.0% (HV 20d: 18.1%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 9 of 14 trading days. Term structure was in contango for 4 of 14 days. Put/call ratio averaged 1.32.

Notable Days

2018-07-16: Highest Volume — 72 contracts
2018-07-24: Largest IV spike — 198.9% change
2018-07-24: Highest IV Rank — 58.5%
2018-07-24: Largest Expected Move — 30.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.16	$25.96	$26.69	$26.16	$26.69
Max Pain	$27.07	$27.00	$28.00	$28.00	$27.00
ATM IV	44.1%	27.9%	107.8%	44.1%	50.9%
Expected Move	12.4%	8.3%	30.9%	12.6%	14.6%
HV 20d	18.1%	16.4%	20.0%	18.5%	16.4%
HV 60d	16.0%	14.5%	16.8%	16.6%	14.7%
IV Rank	16.4%	5.7%	58.5%	16.4%	20.9%
IV Percentile	55.0%	21.0%	98.4%	71.0%	83.7%
Term Structure	-7.9%	-43.9%	10.5%	-23.9%	-7.1%
VWIV	42.4%	28.3%	97.8%	47.1%	55.0%
Skew 25d	3.8%	-8.4%	11.9%	-8.4%	11.9%
Skew 10d	6.9%	-5.5%	22.1%	-5.5%	4.9%
Call IV 25d	41.6%	27.8%	68.9%	38.4%	52.4%
Put IV 25d	45.4%	30.0%	75.1%	30.0%	64.3%
Bid-Ask Spread %	120.17	102.68	151.93	131.18	125.36
Gamma HHI	0.22	0.16	0.28	0.25	0.21
Net GEX	138	-170	675	-170	675
Net DEX	-12.1K	-30.4K	8.4K	8.4K	-30.4K
Net VEX	-175	-253	-142	-160	-161
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.32	1.00	1.48	1.48	1.32
Total Volume	66.143	52	72	52	72
Total OI	64.643	52	72	52	72

Daily Data (14 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
2018-07-03	$26.16	$28.00	44.1%	12.6%	18.5%	16.4%	47.1%	-8.4%	-23.9%	-170	8.4K	-160	1.48	131.18	21	31	21	31
2018-07-06	$26.07	$27.00	54.6%	12.5%	18.1%	23.4%	38.9%	10.2%	-12.3%	-69	583	-174	1.48	125.74	21	31	21	31
2018-07-09	$26.51	$27.00	27.9%	8.3%	19.0%	5.7%	28.4%	4.3%	1.8%	44	3.0K	-142	1.48	102.68	21	31	21	31
2018-07-11	$26.04	$27.00	44.4%	12.7%	19.8%	16.6%	40.7%	9.0%	-17.4%	-161	1.1K	-173	1.00	124.75	31	31	21	31
2018-07-12	$26.18	$27.00	39.0%	11.2%	20.0%	13.1%	40.7%	4.5%	-4.3%	431	-18.7K	-196	1.00	130.18	31	31	31	31
2018-07-16	$25.98	$27.00	31.9%	9.1%	19.2%	8.4%	28.3%	6.0%	8.3%	124	-16.3K	-190	1.32	109.98	31	41	31	31
2018-07-17	$26.10	$27.00	36.9%	10.6%	18.2%	11.6%	35.0%	11.1%	-4.4%	266	-18.3K	-176	1.32	112.18	31	41	31	41
2018-07-18	$26.16	$27.00	32.2%	9.2%	18.3%	8.6%	34.9%	1.1%	-0.6%	207	-16.9K	-179	1.32	107.46	31	41	31	41
2018-07-19	$26.04	$27.00	47.9%	13.7%	17.1%	19.0%	43.3%	6.1%	-15.8%	477	-21.9K	-144	1.32	126.96	31	41	31	41
2018-07-20	$25.96	$27.00	31.3%	9.0%	17.1%	7.9%	34.8%	-0.4%	-2.3%	-145	-11.1K	-175	1.32	106.73	31	41	31	41
2018-07-23	$26.07	$27.00	36.1%	10.3%	17.0%	11.1%	38.2%	-7.7%	10.5%	149	-16.6K	-167	1.37	115.61	30	41	30	41
2018-07-24	$26.07	$27.00	107.8%	30.9%	17.0%	58.5%	97.8%	6.1%	-43.9%	-31	-13.9K	-253	1.37	151.93	30	41	30	41
2018-07-25	$26.25	$27.00	31.8%	9.1%	17.2%	8.3%	31.1%	-0.8%	0.3%	135	-18.6K	-156	1.32	111.57	31	41	30	41
2018-07-31	$26.69	$27.00	50.9%	14.6%	16.4%	20.9%	55.0%	11.9%	-7.1%	675	-30.4K	-161	1.32	125.36	31	41	31	41