FTAG Options History — February 2020

In February 2020, FTAG traded between $19.73 and $22.93. ATM implied volatility averaged 52.6%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 32.4% (HV 20d: 20.2%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 3 of 19 days.

Notable Days

  • 2020-02-10: Largest IV spike — 231.7% change
  • 2020-02-28: Highest IV Rank — 35.3%
  • 2020-02-28: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.04$19.73$22.93$21.92$19.73
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV52.6%23.4%82.0%64.4%82.0%
Expected Move14.2%6.8%23.5%18.5%23.5%
HV 20d20.2%14.4%25.5%14.4%25.5%
HV 60d14.7%12.1%18.2%12.1%18.2%
IV Rank18.9%2.7%35.3%25.5%35.3%
IV Percentile46.0%4.0%65.5%59.1%65.5%
Term Structure-11.7%-27.3%35.0%-19.7%-23.4%
Skew 25d3.7%-25.5%40.8%40.8%11.5%
Skew 10d10.5%2.9%45.2%2.9%18.6%
Call IV 25d56.1%17.9%87.5%40.4%87.5%
Put IV 25d59.8%22.6%99.0%81.1%99.0%
Bid-Ask Spread %146.82113.13154.52152.98153.03
Gamma HHI0.290.220.670.270.27
Net GEX641-2384.2K606132
Net DEX-3.5K-16.4K16.4K-2.7K12.4K
Net VEX-213-251-160-242-164
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI65.57956696956

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-02-03$21.92$22.0064.4%18.5%14.4%25.5%0.0%40.8%-19.7%606-2.7K-2420.00152.98004623
2020-02-04$22.44$22.0066.6%19.1%17.3%26.8%0.0%2.3%-19.9%504-9.4K-2510.00152.98004623
2020-02-05$22.89$22.0024.6%7.1%19.0%3.3%0.0%2.4%18.0%1.1K-14.7K-2450.00121.17004623
2020-02-06$22.93$0.0024.8%7.2%18.7%3.4%0.0%3.4%-2.9%1.0K-16.4K-2430.00113.13004623
2020-02-07$22.58$0.0023.4%7.2%19.3%2.7%0.0%4.6%-2.1%1.2K-9.2K-2380.00124.06004623
2020-02-10$22.51$0.0077.6%13.5%19.2%32.9%0.0%5.4%-26.8%276-5.9K-2310.00154.19004623
2020-02-11$22.75$0.0077.8%13.1%19.6%33.0%0.0%2.8%-25.1%479-11.1K-2360.00154.29004623
2020-02-12$22.91$0.0046.5%13.3%19.8%15.5%0.0%2.0%-26.1%395-13.2K-2330.00154.52004623
2020-02-13$22.62$0.0046.9%13.4%20.2%15.7%0.0%1.8%-27.3%327-7.5K-2270.00153.86004623
2020-02-14$22.49$0.0044.6%12.8%20.1%14.5%0.0%5.1%-20.4%533-8.2K-2220.00149.59004623
2020-02-18$22.23$0.0051.2%14.7%20.4%18.1%0.0%4.6%-14.6%437-4.1K-2120.00152.35004623
2020-02-19$22.26$0.0052.0%14.9%20.4%18.6%0.0%-10.1%-16.1%395-4.1K-2080.00153.71004623
2020-02-20$22.25$0.0052.9%15.2%20.1%19.1%0.0%3.3%-16.8%4.2K-6.5K-2050.00153.05004623
2020-02-21$22.30$0.0042.4%12.2%20.1%13.3%0.0%-0.6%-19.2%443-9.8K-1860.00152.25004623
2020-02-24$21.60$0.0058.9%16.9%22.5%22.4%0.0%4.3%21.2%-6510.7K-1790.00152.13003620
2020-02-25$21.03$0.0023.7%6.8%22.6%2.8%0.0%-25.5%35.0%-23816.4K-1600.00140.07003620
2020-02-26$20.91$0.0064.6%18.5%22.2%25.6%0.0%5.3%-18.0%1677.6K-1880.00151.21003620
2020-02-27$20.41$0.0074.8%21.4%23.3%31.3%0.0%7.2%-18.8%16310.0K-1800.00151.05003620
2020-02-28$19.73$0.0082.0%23.5%25.5%35.3%0.0%11.5%-23.4%13212.4K-1640.00153.03003620