FTAG Options History — September 2018

In September 2018, FTAG traded between $25.68 and $26.96. ATM implied volatility averaged 30.0%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 8.6% (HV 20d: 21.4%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 15 of 15 trading days. Term structure was in contango for 6 of 15 days. Put/call ratio averaged 0.29.

Notable Days

2018-09-04: Highest Volume — 94 contracts
2018-09-25: Largest IV spike — 75.0% change
2018-09-07: Highest IV Rank — 17.2%
2018-09-04: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.22	$25.68	$26.96	$26.10	$26.11
Max Pain	$26.00	$26.00	$26.00	$26.00	$26.00
ATM IV	30.0%	21.4%	45.2%	42.9%	22.5%
Expected Move	7.5%	6.1%	12.3%	12.3%	6.4%
HV 20d	21.4%	19.0%	23.2%	23.1%	19.3%
HV 60d	18.5%	18.1%	19.0%	18.1%	19.0%
IV Rank	7.1%	1.4%	17.2%	15.6%	2.1%
IV Percentile	25.8%	2.4%	71.4%	64.7%	5.6%
Term Structure	-3.4%	-21.9%	3.8%	-18.1%	-1.2%
VWIV	24.3%	19.7%	38.4%	23.1%	22.7%
Skew 25d	5.8%	-6.0%	17.4%	10.6%	15.9%
Skew 10d	5.4%	-0.9%	21.8%	8.1%	5.9%
Call IV 25d	29.0%	20.2%	55.8%	55.8%	23.9%
Put IV 25d	34.8%	21.1%	66.4%	66.4%	39.7%
Bid-Ask Spread %	121.91	106.34	137.25	137.25	132.45
Gamma HHI	0.44	0.39	0.49	0.43	0.49
Net GEX	6.9K	5.8K	8.0K	6.9K	8.0K
Net DEX	-105.1K	-131.1K	-90.4K	-103.8K	-100.5K
Net VEX	-321	-359	-276	-342	-276
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.29	0.29	0.29	0.29
Total Volume	94	94	94	94	94
Total OI	103	103	103	103	103

Daily Data (15 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
2018-09-04	$26.10	$0.00	42.9%	12.3%	23.1%	15.6%	0.0%	10.6%	-18.1%	6.9K	-103.8K	-342	0.29	137.25	73	21	82	21
2018-09-06	$25.91	$26.00	42.1%	7.0%	23.2%	15.1%	23.1%	3.9%	0.2%	6.3K	-93.7K	-359	0.29	116.38	73	21	82	21
2018-09-07	$25.68	$26.00	45.2%	6.4%	23.2%	17.2%	25.7%	17.4%	-2.9%	6.9K	-90.6K	-333	0.29	127.49	73	21	82	21
2018-09-10	$25.86	$26.00	30.4%	7.0%	22.5%	7.3%	24.7%	10.1%	0.8%	6.2K	-91.5K	-340	0.29	119.73	73	21	82	21
2018-09-11	$25.86	$26.00	33.8%	6.9%	22.4%	9.6%	22.7%	1.3%	0.7%	6.4K	-90.4K	-327	0.29	109.61	73	21	82	21
2018-09-13	$26.05	$26.00	22.2%	6.4%	22.5%	2.0%	23.0%	14.8%	-0.8%	7.3K	-96.7K	-314	0.29	133.36	73	21	82	21
2018-09-14	$25.97	$26.00	22.1%	6.3%	22.3%	1.9%	19.7%	4.3%	3.8%	6.5K	-98.7K	-343	0.29	116.24	73	21	82	21
2018-09-17	$26.20	$26.00	22.2%	6.4%	22.6%	1.9%	21.5%	1.5%	0.6%	7.2K	-103.3K	-328	0.29	106.34	73	21	82	21
2018-09-18	$26.37	$26.00	22.1%	6.4%	21.6%	1.9%	22.2%	6.8%	-1.6%	7.5K	-107.4K	-317	0.29	112.85	73	21	82	21
2018-09-20	$26.96	$26.00	22.3%	6.4%	21.0%	2.0%	21.1%	-6.0%	0.5%	7.2K	-128.7K	-314	0.29	117.58	73	21	82	21
2018-09-21	$26.86	$26.00	21.4%	6.1%	19.2%	1.4%	24.3%	3.1%	-3.8%	7.2K	-131.1K	-316	0.29	135.94	73	21	82	21
2018-09-25	$26.51	$26.00	37.4%	10.7%	20.0%	12.0%	27.9%	1.6%	-21.9%	6.7K	-116.4K	-306	0.29	117.61	73	21	82	21
2018-09-26	$26.54	$26.00	41.0%	11.8%	19.6%	14.4%	38.4%	2.0%	-6.4%	5.8K	-115.0K	-315	0.29	136.03	73	21	82	21
2018-09-27	$26.36	$26.00	22.8%	6.5%	19.0%	2.3%	22.7%	0.4%	-1.6%	7.9K	-108.9K	-290	0.29	109.80	73	21	82	21
2018-09-28	$26.11	$26.00	22.5%	6.4%	19.3%	2.1%	22.7%	15.9%	-1.2%	8.0K	-100.5K	-276	0.29	132.45	73	21	82	21