FTAG Options History — May 2024

In May 2024, FTAG traded between $24.84 and $25.82. ATM implied volatility averaged 29.1%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 17.6% (HV 20d: 11.5%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 1 of 22 days.

Notable Days

  • 2024-05-15: Largest IV drop — 61.7% change
  • 2024-05-14: Highest IV Rank — 82.1%
  • 2024-05-03: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.41$24.84$25.82$24.84$25.09
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV29.1%19.3%50.4%27.6%23.9%
Expected Move6.5%5.5%8.9%7.9%6.9%
HV 20d11.5%9.6%14.0%12.7%10.6%
HV 60d12.3%11.6%13.4%13.2%11.6%
IV Rank38.8%18.9%82.1%35.6%28.2%
IV Percentile69.9%27.4%99.2%82.1%58.7%
Term Structure-2.8%-11.3%37.6%-8.2%-5.2%
Skew 25d1.7%0.6%2.9%1.9%1.9%
Skew 10d3.9%2.1%6.6%3.8%5.3%
Call IV 25d25.7%21.6%34.2%32.4%29.0%
Put IV 25d27.5%23.2%35.7%34.3%30.9%
Bid-Ask Spread %133.73129.04136.04129.95134.01
Gamma HHI0.540.501.000.511.00
Net GEX66601.4K8400
Net DEX-3.3K-7.3K0-3.8K0
Net VEX-6-150-120
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI8.864015150

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$24.84$26.0027.6%7.9%12.7%35.6%0.0%1.9%-8.2%840-3.8K-120.00129.9500150
2024-05-02$25.14$26.0026.4%7.6%13.6%33.3%0.0%1.4%-6.6%1.0K-4.6K-130.00129.0400150
2024-05-03$25.28$26.0031.0%8.9%13.6%42.6%0.0%1.6%-11.3%1.1K-5.8K-150.00130.6000150
2024-05-06$25.36$0.0034.8%6.3%13.7%50.3%0.0%0.6%-4.8%1.2K-6.0K-140.00135.0300150
2024-05-07$25.56$0.0034.1%5.7%13.9%49.0%0.0%2.2%-2.7%1.3K-6.6K-140.00134.2900150
2024-05-08$25.41$0.0038.3%6.3%13.6%57.5%0.0%1.6%-4.3%1.2K-6.1K-130.00135.2500150
2024-05-09$25.66$0.0036.6%5.5%14.0%54.0%0.0%2.4%-1.9%1.3K-6.8K-120.00133.6500150
2024-05-10$25.57$0.0039.9%5.8%10.3%60.7%0.0%1.4%-2.2%1.3K-6.4K-110.00134.5400150
2024-05-13$25.59$0.0050.4%5.6%9.9%82.0%0.0%1.8%-3.1%1.3K-6.1K-80.00133.8200150
2024-05-14$25.80$0.0050.4%5.8%9.6%82.1%0.0%1.3%-3.4%1.4K-6.7K-70.00135.2600150
2024-05-15$25.82$0.0019.3%5.5%9.6%18.9%0.0%0.8%-3.2%1.4K-7.3K-70.00134.8800150
2024-05-16$25.57$0.0021.6%6.2%10.4%23.4%0.0%1.1%37.6%1.3K-6.2K-40.00134.8800150
2024-05-17$25.70$0.0020.3%5.8%10.5%20.9%0.0%1.6%-3.3%4000.00135.2700150
2024-05-20$25.78$0.0020.4%5.8%10.5%21.1%0.0%1.7%-3.0%0000.00135.350000
2024-05-21$25.68$0.0020.7%5.9%10.6%21.8%0.0%1.7%-3.2%0000.00134.260000
2024-05-22$25.57$0.0021.9%6.3%10.7%24.1%0.0%2.1%-3.1%0000.00132.760000
2024-05-23$25.32$0.0024.1%6.9%11.2%28.6%0.0%1.3%-4.6%0000.00132.410000
2024-05-24$25.32$0.0024.5%7.0%11.1%29.5%0.0%2.0%-4.2%0000.00133.890000
2024-05-28$25.19$0.0025.2%7.2%10.9%30.8%0.0%1.6%-8.7%0000.00132.740000
2024-05-29$24.84$0.0024.0%6.9%11.3%28.4%0.0%2.9%-5.3%0000.00134.220000
2024-05-30$24.93$0.0025.5%7.3%11.2%31.5%0.0%2.9%-6.4%0000.00136.040000
2024-05-31$25.09$0.0023.9%6.9%10.6%28.2%0.0%1.9%-5.2%0000.00134.010000