FTAG Options History — January 2023

In January 2023, FTAG traded between $28.61 and $30.85. ATM implied volatility averaged 25.5%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 11.2% (HV 20d: 14.3%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days.

Notable Days

  • 2023-01-31: Largest IV spike — 40.9% change
  • 2023-01-10: Highest IV Rank — 36.6%
  • 2023-01-04: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.10$28.61$30.85$28.61$30.85
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV25.5%16.6%34.7%31.9%23.4%
Expected Move6.9%4.8%9.2%9.2%6.7%
HV 20d14.3%11.9%17.0%13.3%12.5%
HV 60d15.2%14.5%16.1%15.5%14.7%
IV Rank17.9%0.0%36.6%31.4%13.7%
IV Percentile26.8%0.0%78.2%64.7%12.7%
Term Structure-3.2%-10.7%5.3%-10.7%-0.4%
Skew 25d9.1%-1.7%15.4%-1.7%13.8%
Skew 10d2.3%-8.4%13.2%1.0%1.6%
Call IV 25d17.2%11.1%36.1%34.7%13.9%
Put IV 25d26.3%13.2%37.9%33.0%27.8%
Bid-Ask Spread %125.2182.54132.17127.91124.32
Gamma HHI0.550.391.000.421.00
Net GEX689340973534577
Net DEX-29.3K-33.3K-24.1K-24.1K-33.3K
Net VEX-33-57-7-57-7
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2828282828

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$28.61$0.0031.9%9.2%13.3%31.4%0.0%-1.7%-10.7%534-24.1K-570.00127.91001315
2023-01-04$28.72$0.0032.1%9.2%11.9%31.7%0.0%1.8%-9.1%505-25.3K-490.00131.91001315
2023-01-05$28.79$23.0028.3%6.0%11.9%24.1%0.0%2.1%0.7%584-24.2K-510.00126.55001315
2023-01-06$29.63$23.0025.6%5.7%16.1%18.7%0.0%7.2%1.2%729-29.1K-280.00122.62001315
2023-01-09$29.85$23.0033.1%6.7%16.4%33.3%0.0%10.0%-3.8%579-27.7K-470.00131.42001315
2023-01-10$29.92$23.0034.7%7.6%16.4%36.6%0.0%12.3%-2.2%802-29.4K-350.00129.75001315
2023-01-11$30.00$23.0021.0%6.0%16.4%9.0%0.0%11.6%5.3%757-28.2K-400.00125.72001315
2023-01-12$30.43$23.0025.0%7.2%17.0%17.0%0.0%5.3%-1.8%340-33.3K-110.00128.74001315
2023-01-13$30.52$23.0020.0%5.7%16.6%7.0%0.0%12.1%-1.2%871-30.9K-290.00126.65001315
2023-01-17$30.55$23.0023.3%6.7%14.5%13.7%0.0%5.3%-3.5%780-28.3K-510.00131.57001315
2023-01-18$30.34$23.0025.2%7.2%14.6%17.5%0.0%13.8%-5.4%713-29.8K-350.00126.52001315
2023-01-19$30.18$23.0025.0%7.2%14.6%17.2%0.0%14.7%-3.8%688-29.5K-360.00129.37001315
2023-01-20$30.39$23.0027.3%7.8%14.6%21.7%0.0%15.4%-7.6%586-32.7K-80.00123.71001315
2023-01-23$30.41$23.0026.4%7.6%14.6%19.9%0.0%14.1%-5.4%973-29.5K-350.00132.17001315
2023-01-24$30.46$23.0023.6%6.8%13.2%14.2%0.0%13.2%-4.3%775-28.1K-440.00127.45001315
2023-01-25$30.50$23.0021.9%6.3%13.2%9.8%0.0%14.0%-2.3%805-30.3K-300.00126.31001315
2023-01-26$30.70$23.0022.7%6.5%13.3%11.4%0.0%3.3%-5.1%817-30.7K-260.00122.65001315
2023-01-27$30.70$23.0022.4%6.4%12.4%10.7%0.0%14.5%-4.9%654-32.3K-150.00126.31001315
2023-01-30$30.50$23.0016.6%4.8%12.7%0.0%0.0%-1.6%1.2%706-30.4K-180.0082.54001315
2023-01-31$30.85$23.0023.4%6.7%12.5%13.7%0.0%13.8%-0.4%577-33.3K-70.00124.32001315