FTAG Options History — May 2023

In May 2023, FTAG traded between $26.25 and $28.82. ATM implied volatility averaged 20.3%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.7% (HV 20d: 14.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 10 of 22 days.

Notable Days

  • 2023-05-10: Highest Volume — 12 contracts
  • 2023-05-26: Largest IV spike — 63.1% change
  • 2023-05-08: Highest IV Rank — 29.3%
  • 2023-05-12: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.77$26.25$28.82$28.82$26.25
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV20.3%12.8%29.7%16.4%19.6%
Expected Move5.5%3.7%7.2%4.7%5.6%
HV 20d14.5%12.8%15.7%13.8%15.7%
HV 60d17.1%16.1%17.7%16.1%17.5%
IV Rank12.5%0.0%29.3%3.7%12.7%
IV Percentile15.5%0.0%56.3%2.0%8.7%
Term Structure-0.4%-7.6%10.8%-2.1%-0.7%
Skew 25d1.9%-3.5%12.3%-1.6%9.1%
Skew 10d2.0%-11.4%15.3%-11.4%15.3%
Call IV 25d20.3%10.4%28.0%22.6%16.2%
Put IV 25d22.2%13.9%28.1%21.0%25.3%
Bid-Ask Spread %117.2654.11126.5854.11116.94
Gamma HHI0.940.641.001.001.00
Net GEX-439-1.1K2280-580
Net DEX-4.0K-28.8K26.7K-28.8K26.7K
Net VEX-49-9100-50
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.54501200
Total OI14.45510221012

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$28.82$25.0016.4%4.7%13.8%3.7%0.0%-1.6%-2.1%0-28.8K00.0054.1100100
2023-05-02$28.57$25.0021.9%6.3%13.6%14.4%0.0%-0.6%-3.4%70-28.4K-10.00121.7100100
2023-05-03$28.60$25.0021.6%6.2%12.8%13.7%0.0%2.8%0.6%86-28.4K-10.00124.3500100
2023-05-04$28.07$0.0025.9%5.7%13.4%21.9%0.0%1.7%-2.2%228-27.5K-30.00121.9400100
2023-05-05$28.59$0.0021.4%5.3%14.9%13.3%0.0%0.8%-0.4%64-28.5K-10.00120.0400100
2023-05-08$28.41$0.0029.7%4.9%14.6%29.3%0.0%-0.7%-7.6%122-28.2K-10.00123.3100100
2023-05-09$28.30$0.0024.6%5.9%13.8%19.4%0.0%-0.7%0.9%79-28.2K-10.00114.7900100
2023-05-10$28.39$0.0016.8%4.8%13.8%4.4%0.0%12.3%1.0%58-28.3K00.00121.63012100
2023-05-11$27.84$0.0020.7%5.9%14.8%12.0%0.0%3.8%-1.0%-638-5.9K-890.00126.58001012
2023-05-12$27.73$0.0025.2%7.2%14.8%20.7%0.0%1.3%-4.6%-544-4.3K-830.00119.72001012
2023-05-15$27.91$0.0015.0%4.3%15.0%0.9%0.0%1.4%0.2%-795-6.5K-910.00114.98001012
2023-05-16$27.57$0.0017.8%5.1%15.3%6.4%0.0%-3.5%-0.4%-708-4.6K-810.00114.69001012
2023-05-17$27.58$0.0012.8%3.7%15.3%0.0%0.0%2.2%-0.3%-796-4.9K-820.00112.97001012
2023-05-18$27.63$0.0017.4%5.0%15.3%8.7%0.0%3.0%1.7%-555-5.7K-870.00125.82001012
2023-05-19$27.62$0.0016.9%4.9%15.1%7.8%0.0%0.1%4.2%-801-4.2K-810.00121.22001012
2023-05-22$27.63$0.0016.6%4.8%14.9%7.2%0.0%5.3%10.8%-92122.8K-820.00121.5800012
2023-05-23$27.48$0.0022.9%6.6%14.3%19.0%0.0%1.1%-4.5%-1.1K26.0K-690.00119.7300012
2023-05-24$27.09$0.0021.1%6.1%14.9%15.6%0.0%7.0%1.4%-73423.8K-720.00121.8200012
2023-05-25$26.91$0.0015.3%4.4%14.8%4.8%0.0%-0.1%0.6%-68226.0K-600.00118.8900012
2023-05-26$27.11$0.0025.0%7.2%14.6%22.9%0.0%-0.4%-4.8%-73424.6K-690.00125.2600012
2023-05-30$26.76$0.0021.5%6.2%14.8%16.3%0.0%-2.4%2.3%-80925.3K-670.00117.6600012
2023-05-31$26.25$0.0019.6%5.6%15.7%12.7%0.0%9.1%-0.7%-58026.7K-500.00116.9400012