FTAG Options History — April 2020

In April 2020, FTAG traded between $15.45 and $18.14. ATM implied volatility averaged 47.5%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 14.3% (HV 20d: 61.8%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 5 of 21 days.

Notable Days

  • 2020-04-08: Largest IV drop — 25.9% change
  • 2020-04-01: Highest IV Rank — 23.8%
  • 2020-04-01: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.87$15.45$18.14$15.52$17.74
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV47.5%37.5%61.4%61.4%47.3%
Expected Move13.2%10.7%17.6%17.6%13.6%
HV 20d61.8%39.9%90.3%89.6%39.9%
HV 60d57.9%54.7%59.5%54.7%59.4%
IV Rank16.1%10.5%23.8%23.8%16.0%
IV Percentile40.1%32.9%49.2%49.2%40.9%
Term Structure2.4%-16.9%155.8%-11.5%-12.3%
Skew 25d7.4%2.5%16.6%9.7%8.1%
Skew 10d13.1%8.3%43.6%16.4%12.9%
Call IV 25d44.0%34.3%60.4%60.4%49.3%
Put IV 25d51.4%41.9%70.1%70.1%57.5%
Bid-Ask Spread %118.11110.24122.85119.25122.05
Gamma HHI0.490.370.720.370.49
Net GEX6-4952523
Net DEX32.5K28.6K34.9K28.6K34.4K
Net VEX-13-31-4-23-12
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI5656565656

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$15.52$0.0061.4%17.6%89.6%23.8%0.0%9.7%-11.5%528.6K-230.00119.25003620
2020-04-02$15.82$23.0057.1%14.5%90.2%21.4%0.0%7.2%-9.4%-1929.9K-150.00110.24003620
2020-04-03$15.45$23.0057.0%15.3%90.3%21.4%0.0%7.5%-4.6%-330.6K-40.00111.97003620
2020-04-06$16.47$23.0052.7%13.4%86.1%19.0%0.0%7.6%-16.9%-3831.5K-120.00113.55003620
2020-04-07$16.84$23.0057.0%11.8%85.2%21.4%0.0%6.1%5.3%-631.5K-210.00118.10003620
2020-04-08$17.02$23.0042.2%12.1%83.7%13.1%0.0%16.6%2.1%3032.5K-170.00121.00003620
2020-04-09$17.52$23.0047.6%13.7%73.4%16.2%0.0%9.5%-12.3%-3831.3K-310.00114.58003620
2020-04-13$17.10$23.0044.4%12.7%72.9%14.4%0.0%6.8%2.5%732.6K-170.00119.38003620
2020-04-14$17.31$23.0050.1%14.4%64.4%17.6%0.0%7.4%-6.7%-4932.4K-180.00115.17003620
2020-04-15$16.70$23.0043.3%12.4%65.6%13.7%0.0%6.5%1.2%2432.1K-140.00121.50003620
2020-04-16$16.55$23.0037.5%10.7%53.0%10.5%0.0%9.4%-0.3%1232.7K-50.00114.46003620
2020-04-17$17.10$23.0041.0%11.7%50.5%12.5%0.0%6.5%-4.4%2833.7K-70.00114.42003620
2020-04-20$16.88$23.0043.5%12.5%50.0%13.8%0.0%5.1%155.8%-333.2K-60.00114.69003620
2020-04-21$16.50$23.0049.4%14.1%49.9%17.1%0.0%3.9%-5.4%-2432.4K-60.00119.64003620
2020-04-22$16.80$23.0047.3%13.5%45.1%16.0%0.0%9.8%-5.0%2832.6K-110.00121.45003620
2020-04-23$16.92$23.0045.8%13.1%42.4%15.1%0.0%8.0%-6.9%933.5K-40.00120.85003620
2020-04-24$17.07$23.0041.4%11.9%41.7%12.7%0.0%2.5%-2.6%4433.3K-100.00120.17003620
2020-04-27$17.38$23.0044.9%12.9%41.3%14.6%0.0%6.9%-3.5%5233.8K-110.00122.24003620
2020-04-28$17.51$23.0043.7%12.5%40.9%14.0%0.0%5.3%-11.0%3034.1K-100.00122.85003620
2020-04-29$18.14$23.0043.0%12.3%42.4%13.6%0.0%5.1%-4.4%1134.9K-140.00122.63003620
2020-04-30$17.74$23.0047.3%13.6%39.9%16.0%0.0%8.1%-12.3%2334.4K-120.00122.05003620