FTAG Options History — March 2020

In March 2020, FTAG traded between $13.87 and $20.67. ATM implied volatility averaged 112.3%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 29.0%. IV traded above realized volatility by 48.5% (HV 20d: 63.8%). Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2020-03-23: Largest IV spike — 108.1% change
  • 2020-03-17: Highest IV Rank — 89.9%
  • 2020-03-17: Largest Expected Move — 51.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.77$13.87$20.67$20.31$16.19
ATM IV112.3%55.9%179.9%80.1%72.3%
Expected Move29.0%16.0%51.6%23.0%20.7%
HV 20d63.8%27.2%90.6%27.8%89.8%
HV 60d40.1%19.1%54.2%19.2%54.2%
IV Rank52.2%20.8%89.9%34.3%29.9%
IV Percentile76.5%47.2%99.2%63.1%54.8%
Term Structure-21.9%-47.2%-4.0%-25.0%-4.0%
Skew 25d25.2%2.3%114.5%9.7%5.9%
Skew 10d14.5%-19.9%56.7%18.0%56.7%
Call IV 25d91.1%45.7%170.3%89.0%98.6%
Put IV 25d116.3%67.3%173.4%98.7%104.5%
Bid-Ask Spread %151.22113.69183.26148.94135.31
Gamma HHI0.300.250.550.280.36
Net GEX77-26148136-5
Net DEX15.5K-6.1K31.8K11.3K28.4K
Net VEX-105-171-6-171-35
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI5656565656

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-03-02$20.31$0.0080.1%23.0%27.8%34.3%0.0%9.7%-25.0%13611.3K-1710.00148.94003620
2020-03-03$20.24$0.0080.5%23.1%27.6%34.5%0.0%7.2%-23.6%14810.8K-1710.00154.31003620
2020-03-04$20.67$0.0077.8%22.3%27.2%33.0%0.0%9.3%-25.3%13610.6K-1710.00150.77003620
2020-03-05$20.06$0.0090.1%17.4%27.2%39.8%0.0%9.4%-9.0%13511.2K-1660.00152.67003620
2020-03-06$19.73$0.0097.2%19.1%27.2%43.8%0.0%13.6%-10.1%13511.6K-1620.00151.80003620
2020-03-09$17.65$0.00115.9%21.4%45.9%54.2%0.0%12.2%-7.7%8917.2K-1200.00183.26003620
2020-03-10$18.36$0.00168.4%29.3%49.3%83.5%0.0%19.0%-20.8%13114.3K-1340.00154.46003620
2020-03-11$17.50$0.00135.1%38.7%50.4%64.9%0.0%19.3%-23.1%1228.5K-1320.00172.68003620
2020-03-12$15.65$0.00177.8%0.0%60.7%88.7%0.0%2.3%0.0%112-6.1K-1580.00176.37003620
2020-03-13$16.28$0.0090.0%25.8%64.2%39.8%0.0%18.9%-14.5%6619.7K-940.00150.38003620
2020-03-16$14.89$0.00166.5%47.7%69.0%82.4%0.0%6.8%-32.3%985.5K-1270.00165.81003620
2020-03-17$15.34$0.00179.9%51.6%71.2%89.9%0.0%20.5%-47.2%1134.0K-1360.00134.81003620
2020-03-18$13.87$0.00150.3%43.1%76.5%73.4%0.0%104.3%-31.4%7412.3K-940.00153.64003620
2020-03-19$14.71$0.00103.0%29.5%81.6%47.1%0.0%20.8%-20.1%4920.6K-680.00145.82003620
2020-03-20$14.41$0.0070.6%20.2%81.1%29.0%0.0%3.5%-21.9%525.8K-290.00143.51003620
2020-03-23$14.06$0.00146.8%42.1%81.0%71.5%0.0%63.8%-35.5%6715.7K-820.00154.40003620
2020-03-24$15.02$0.00136.2%39.0%86.7%65.6%0.0%114.5%-33.0%7116.5K-870.00158.16003620
2020-03-25$15.74$0.00129.5%37.1%89.6%61.8%0.0%46.3%-33.3%7816.2K-970.00158.65003620
2020-03-26$16.15$0.0081.4%23.3%90.6%35.0%0.0%12.2%-20.7%-527.5K-380.00138.65003620
2020-03-27$15.86$0.0065.8%18.9%90.3%26.3%0.0%12.4%-13.9%-2528.7K-270.00128.66003620
2020-03-30$16.17$0.0055.9%16.0%89.8%20.8%0.0%21.6%-7.3%-2631.8K-60.00113.69003620
2020-03-31$16.19$0.0072.3%20.7%89.8%29.9%0.0%5.9%-4.0%-528.4K-350.00135.31003620