FBIO Options History — January 2016

In January 2016, FBIO traded between $34.95 and $42.75. ATM implied volatility averaged 105.3%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 43.4% (HV 20d: 61.9%). Max pain ranged from $37.50 to $37.50. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.59.

Notable Days

2016-01-14: Highest Volume — 22 contracts
2016-01-27: Largest IV spike — 233.8% change
2016-01-27: Highest IV Rank — 88.9%
2016-01-27: Largest Expected Move — 57.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.03	$34.95	$42.75	$41.70	$37.05
Max Pain	$37.50	$37.50	$37.50	$37.50	$37.50
ATM IV	105.3%	59.7%	199.1%	76.0%	88.4%
Expected Move	28.2%	17.1%	57.1%	25.4%	25.3%
HV 20d	61.9%	48.8%	70.2%	58.8%	63.7%
HV 60d	56.3%	53.2%	58.7%	58.7%	55.1%
IV Rank	46.9%	26.5%	88.9%	33.8%	39.3%
IV Percentile	36.3%	1.1%	99.5%	4.6%	16.8%
Term Structure	-12.4%	-195.9%	14.5%	-3.1%	8.3%
VWIV	94.1%	57.3%	159.2%	82.9%	89.1%
Bid-Ask Spread %	80.40	43.79	174.69	56.32	120.61
Gamma HHI	0.62	0.50	0.97	0.61	0.64
Net GEX	-348	-1.2K	-19	-375	-293
Net DEX	2.3K	-8.8K	19.5K	-1.4K	1.3K
Net VEX	-158	-190	-94	-177	-145
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.44	0.78	0.65	0.54
Total Volume	17.842	15	22	20	15
Total OI	39.684	38	43	39	39

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-01-04	$41.70	$37.50	76.0%	25.4%	58.8%	33.8%	82.9%	0.0%	-3.1%	-375	-1.4K	-177	0.65	56.32	N/A	N/A	12	8	21	18
2016-01-05	$42.75	$37.50	106.3%	27.9%	59.9%	47.3%	83.1%	0.0%	-4.9%	-226	-8.0K	-190	0.78	43.79	N/A	N/A	10	8	21	18
2016-01-06	$41.55	$37.50	109.2%	25.7%	59.0%	48.6%	86.0%	0.0%	4.6%	-276	-2.9K	-184	0.78	59.47	N/A	N/A	10	8	21	18
2016-01-07	$40.65	$37.50	102.3%	25.7%	59.3%	45.6%	85.6%	0.0%	5.3%	-354	-993	-186	0.65	69.07	N/A	N/A	12	8	21	18
2016-01-08	$42.60	$37.50	90.4%	23.8%	62.0%	40.2%	79.0%	0.0%	11.3%	-319	-8.8K	-179	0.65	52.86	N/A	N/A	12	8	23	18
2016-01-11	$42.00	$37.50	123.8%	26.8%	57.1%	55.2%	90.1%	0.0%	-3.0%	-357	-7.6K	-171	0.65	67.67	N/A	N/A	12	8	23	18
2016-01-12	$40.20	$37.50	169.7%	29.3%	53.5%	75.7%	96.4%	0.0%	-5.1%	-262	-3.6K	-181	0.65	55.65	N/A	N/A	12	8	23	18
2016-01-13	$38.10	$37.50	91.7%	26.3%	48.8%	40.8%	90.4%	0.0%	0.7%	-938	-2.7K	-167	0.65	60.69	N/A	N/A	12	8	23	18
2016-01-14	$35.10	$37.50	101.8%	29.2%	56.8%	45.3%	101.9%	0.0%	-3.9%	-213	19.5K	-153	0.57	66.76	N/A	N/A	14	8	25	18
2016-01-15	$37.05	$37.50	105.9%	30.4%	60.1%	47.2%	104.3%	0.0%	8.4%	-218	18.7K	-159	0.57	46.62	N/A	N/A	14	8	25	18
2016-01-19	$34.95	$37.50	76.4%	21.9%	63.5%	34.0%	76.8%	0.0%	-62.2%	-361	14.4K	-137	0.44	103.58	N/A	N/A	12	5	22	16
2016-01-20	$37.95	$37.50	109.6%	31.4%	70.2%	48.8%	109.6%	0.0%	-21.1%	-206	4.8K	-157	0.44	78.84	N/A	N/A	12	5	22	16
2016-01-21	$37.80	$37.50	96.7%	27.7%	70.1%	43.0%	96.3%	0.0%	7.0%	-265	2.9K	-148	0.54	63.82	N/A	N/A	10	5	22	16
2016-01-22	$39.00	$37.50	91.6%	26.3%	68.2%	40.7%	95.2%	0.0%	11.1%	-270	3.2K	-150	0.54	71.99	N/A	N/A	10	5	23	16
2016-01-25	$39.00	$37.50	88.3%	25.3%	68.2%	39.3%	90.0%	0.0%	14.5%	-294	1.8K	-147	0.54	52.89	N/A	N/A	10	5	23	16
2016-01-26	$38.85	$37.50	59.7%	17.1%	68.1%	26.5%	57.3%	0.0%	-0.9%	-1.2K	7.2K	-94	0.54	151.72	N/A	N/A	10	5	23	16
2016-01-27	$38.10	$37.50	199.1%	57.1%	64.6%	88.9%	159.2%	0.0%	-195.9%	-19	1.7K	-146	0.54	174.69	N/A	N/A	10	5	23	16
2016-01-28	$37.20	$37.50	113.8%	32.6%	63.7%	50.7%	115.6%	0.0%	-7.2%	-214	5.1K	-137	0.54	130.58	N/A	N/A	10	5	23	16
2016-01-29	$37.05	$37.50	88.4%	25.3%	63.7%	39.3%	89.1%	0.0%	8.3%	-293	1.3K	-145	0.54	120.61	N/A	N/A	10	5	23	16