FTAG Options History — April 2023

In April 2023, FTAG traded between $28.36 and $29.45. ATM implied volatility averaged 23.5%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 6.2% (HV 20d: 17.3%). Max pain ranged from $25.00 to $32.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days.

Notable Days

  • 2023-04-13: Largest IV spike — 94.0% change
  • 2023-04-13: Highest IV Rank — 58.0%
  • 2023-04-13: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.92$28.36$29.45$29.34$28.73
Max Pain$26.11$25.00$32.00$32.00$25.00
ATM IV23.5%14.5%45.2%24.9%15.7%
Expected Move6.3%4.2%13.0%7.2%4.5%
HV 20d17.3%13.8%22.7%22.5%14.0%
HV 60d16.5%16.2%17.0%17.0%16.6%
IV Rank15.9%0.0%58.0%17.8%2.4%
IV Percentile24.6%0.0%94.0%30.6%0.4%
Term Structure-2.1%-10.3%8.0%-4.2%-4.4%
Skew 25d1.5%-8.7%7.9%2.2%-0.2%
Skew 10d1.5%-1.6%5.5%2.3%-0.7%
Call IV 25d23.9%12.1%54.7%27.3%20.4%
Put IV 25d25.4%15.1%56.3%29.4%20.2%
Bid-Ask Spread %122.92109.15148.99127.06117.66
Gamma HHI0.720.501.000.521.00
Net GEX17925412548
Net DEX-28.6K-29.6K-27.0K-29.6K-28.7K
Net VEX-4-240-50
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI11.47410121210

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$29.34$32.0024.9%7.2%22.5%17.8%0.0%2.2%-4.2%254-29.6K-50.00127.0600120
2023-04-04$28.93$32.0024.0%6.9%22.4%15.9%0.0%0.2%-5.4%284-28.7K-60.00125.1900120
2023-04-05$28.49$32.0026.1%7.5%22.7%19.9%0.0%0.4%-8.3%308-27.9K-80.00123.8800120
2023-04-06$28.36$25.0027.2%6.5%22.1%22.2%0.0%-1.0%-1.2%41-28.4K-10.00118.3300120
2023-04-10$28.66$25.0033.0%5.4%21.0%33.8%0.0%0.9%-1.4%337-28.2K-80.00126.8500120
2023-04-11$29.02$25.0028.7%5.6%21.1%25.2%0.0%3.8%2.1%228-28.9K-40.00124.3400120
2023-04-12$29.12$25.0023.3%6.7%21.0%14.5%0.0%0.7%-9.9%326-28.5K-80.00121.8300120
2023-04-13$29.34$25.0045.2%13.0%16.2%58.0%0.0%1.6%-10.3%541-27.0K-240.00148.9900120
2023-04-14$29.29$25.0020.0%5.7%16.1%7.9%0.0%0.9%-2.9%204-29.3K-30.00124.1900120
2023-04-17$29.38$25.0021.2%6.1%15.3%10.3%0.0%2.3%-3.3%203-29.4K-20.00125.9300120
2023-04-18$29.45$25.0016.4%4.7%14.8%0.7%0.0%1.9%4.4%30-29.4K00.00115.5500120
2023-04-19$29.27$25.0016.2%4.6%14.2%0.3%0.0%3.2%6.9%33-29.3K00.00109.1500120
2023-04-20$29.04$25.0014.5%4.2%14.4%0.0%0.0%7.9%8.0%2-29.0K00.00114.7700120
2023-04-21$28.81$25.0021.1%6.0%14.2%12.7%0.0%1.6%-3.1%173-28.5K-30.00124.9500120
2023-04-24$28.96$25.0021.9%6.3%13.9%14.2%0.0%-8.7%-2.8%78-28.8K-10.00123.5700100
2023-04-25$28.54$25.0024.5%7.0%14.8%19.2%0.0%4.5%-4.2%264-27.7K-50.00127.4700100
2023-04-26$28.36$25.0024.2%6.9%14.9%18.7%0.0%2.2%-5.8%38-28.3K-10.00116.8600100
2023-04-27$28.46$25.0019.0%5.4%13.8%8.7%0.0%4.4%5.6%56-28.4K-10.00118.9000100
2023-04-28$28.73$25.0015.7%4.5%14.0%2.4%0.0%-0.2%-4.4%8-28.7K00.00117.6600100