FTAG Options History — January 2022

In January 2022, FTAG traded between $30.41 and $31.75. ATM implied volatility averaged 26.4%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 10.1% (HV 20d: 16.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 18 of 18 trading days. Term structure was in contango for 4 of 18 days. Put/call ratio averaged 0.19.

Notable Days

2022-01-20: Highest Volume — 13 contracts
2022-01-21: Largest IV spike — 62.9% change
2022-01-26: Highest IV Rank — 41.7%
2022-01-26: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.98	$30.41	$31.75	$30.71	$30.99
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	26.4%	16.5%	44.6%	23.6%	27.3%
Expected Move	7.2%	4.7%	12.8%	6.8%	7.8%
HV 20d	16.4%	14.4%	17.6%	17.1%	15.1%
HV 60d	15.2%	14.4%	16.0%	14.6%	16.0%
IV Rank	17.4%	4.1%	41.7%	13.6%	18.5%
IV Percentile	59.2%	4.0%	95.6%	50.0%	75.4%
Term Structure	-2.8%	-12.3%	9.9%	-2.0%	-2.5%
VWIV	27.1%	16.6%	43.2%	21.7%	30.6%
Skew 25d	2.8%	-1.1%	6.4%	2.8%	2.3%
Skew 10d	3.1%	-5.5%	14.5%	2.3%	14.5%
Call IV 25d	25.9%	16.8%	44.7%	25.1%	28.8%
Put IV 25d	28.7%	18.9%	49.4%	27.8%	31.1%
Bid-Ask Spread %	125.29	119.48	142.39	125.51	124.68
Gamma HHI	0.90	0.70	1.00	1.00	0.76
Net GEX	1.3K	926	1.8K	1.0K	1.4K
Net DEX	-6.9K	-10.2K	-4.2K	-5.2K	-6.6K
Net VEX	-27	-33	-17	-27	-19
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.18	0.20	0.20	0.18
Total Volume	12.444	12	13	12	13
Total OI	14.389	14	15	14	15

Daily Data (18 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
2022-01-03	$30.71	$0.00	23.6%	6.8%	17.1%	13.6%	0.0%	2.8%	-2.0%	1.0K	-5.2K	-27	0.20	125.51	10	2	10	4
2022-01-04	$31.10	$0.00	22.9%	6.6%	17.5%	12.7%	0.0%	2.8%	1.0%	1.2K	-6.8K	-32	0.20	126.06	10	2	10	4
2022-01-05	$31.00	$0.00	20.3%	5.8%	17.3%	9.2%	0.0%	-1.1%	-6.7%	1.2K	-6.7K	-32	0.20	121.07	10	2	10	4
2022-01-06	$30.98	$25.00	26.3%	6.0%	16.7%	17.3%	21.7%	2.5%	-3.3%	1.2K	-6.2K	-30	0.20	124.49	10	2	10	4
2022-01-07	$31.09	$25.00	25.7%	6.4%	15.5%	16.5%	21.3%	2.6%	2.3%	1.2K	-6.6K	-31	0.20	119.48	10	2	10	4
2022-01-10	$30.86	$25.00	29.9%	6.7%	15.7%	22.1%	22.7%	3.2%	-6.7%	1.1K	-6.8K	-31	0.20	123.17	10	2	10	4
2022-01-11	$30.99	$25.00	28.1%	6.0%	15.7%	19.6%	21.5%	2.2%	-3.8%	1.3K	-5.3K	-26	0.20	122.23	10	2	10	4
2022-01-14	$31.75	$25.00	18.4%	5.3%	17.6%	6.6%	16.6%	2.1%	-1.7%	1.8K	-8.1K	-33	0.20	124.59	10	2	10	4
2022-01-18	$31.66	$25.00	22.6%	6.5%	17.4%	12.2%	21.7%	2.8%	-3.0%	1.6K	-9.0K	-31	0.20	125.68	10	2	10	4
2022-01-19	$31.65	$25.00	21.9%	6.3%	16.8%	11.3%	22.1%	3.0%	-3.2%	1.6K	-8.8K	-30	0.20	127.56	10	2	10	4
2022-01-20	$31.46	$25.00	16.5%	4.7%	17.1%	4.1%	22.0%	1.9%	9.9%	1.6K	-6.8K	-25	0.18	121.08	11	2	10	4
2022-01-21	$30.89	$25.00	26.8%	7.7%	16.9%	18.0%	29.0%	3.1%	-1.6%	1.3K	-8.0K	-29	0.18	128.11	11	2	11	4
2022-01-24	$30.41	$25.00	26.9%	7.7%	16.4%	18.1%	30.5%	2.7%	-4.5%	926	-4.2K	-17	0.18	120.91	11	2	11	4
2022-01-25	$30.50	$25.00	34.5%	9.9%	16.4%	28.2%	38.4%	6.4%	-12.3%	983	-6.0K	-22	0.18	127.49	11	2	11	4
2022-01-26	$30.51	$25.00	44.6%	12.8%	16.4%	41.7%	43.2%	4.7%	-8.3%	1.0K	-10.2K	-29	0.18	142.39	11	2	11	4
2022-01-27	$30.45	$25.00	28.5%	8.2%	14.5%	20.2%	31.1%	1.6%	-4.3%	1.1K	-6.5K	-23	0.18	123.71	11	2	11	4
2022-01-28	$30.60	$25.00	30.9%	8.8%	14.4%	23.3%	33.7%	4.2%	0.5%	1.2K	-7.1K	-23	0.18	126.95	11	2	11	4
2022-01-31	$30.99	$25.00	27.3%	7.8%	15.1%	18.5%	30.6%	2.3%	-2.5%	1.4K	-6.6K	-19	0.18	124.68	11	2	11	4