FBIO Options History — March 2016

In March 2016, FBIO traded between $43.35 and $48.90. ATM implied volatility averaged 89.4%, placing in the 39.8% IV rank vs the trailing year. The 30-day expected move averaged 24.8%. IV traded above realized volatility by 37.3% (HV 20d: 52.2%). Max pain ranged from $37.50 to $37.50. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 4.19.

Notable Days

2016-03-30: Highest Volume — 24 contracts
2016-03-09: Largest IV spike — 1807.5% change
2016-03-16: Highest IV Rank — 63.6%
2016-03-16: Largest Expected Move — 40.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.40	$43.35	$48.90	$43.35	$46.95
Max Pain	$37.50	$37.50	$37.50	$37.50	$37.50
ATM IV	89.4%	4.5%	142.6%	118.4%	74.1%
Expected Move	24.8%	1.3%	40.9%	34.0%	21.2%
HV 20d	52.2%	42.1%	61.5%	61.5%	44.3%
HV 60d	58.6%	55.3%	61.5%	61.4%	57.1%
IV Rank	39.8%	1.8%	63.6%	52.8%	32.9%
IV Percentile	27.7%	0.5%	85.2%	60.8%	5.6%
Term Structure	-0.3%	-38.6%	32.1%	-23.1%	-6.9%
VWIV	87.8%	34.8%	139.9%	95.4%	71.1%
Bid-Ask Spread %	106.67	31.11	180.33	130.57	31.11
Gamma HHI	0.54	0.50	0.66	0.65	0.56
Net GEX	197	-142	889	889	211
Net DEX	-15.3K	-36.5K	-94	-36.5K	-18.1K
Net VEX	-236	-349	-51	-326	-102
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.19	0.49	6.50	3.33	0.49
Total Volume	10.591	5	24	5	24
Total OI	44.818	39	49	39	49

Daily Data (22 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
2016-03-01	$43.35	$37.50	118.4%	34.0%	61.5%	52.8%	0.0%	0.0%	-23.1%	889	-36.5K	-326	3.33	130.57	N/A	N/A	1	4	30	9
2016-03-02	$44.40	$37.50	84.1%	24.1%	61.3%	37.4%	95.4%	0.0%	-27.0%	280	-7.8K	-148	6.11	78.68	N/A	N/A	1	7	30	9
2016-03-03	$44.55	$37.50	114.3%	31.5%	61.2%	50.9%	109.7%	0.0%	4.0%	457	-18.2K	-305	6.11	119.41	N/A	N/A	1	7	30	13
2016-03-04	$44.25	$37.50	109.9%	27.1%	61.0%	48.9%	102.0%	0.0%	3.1%	32	-2.6K	-227	6.11	63.27	N/A	N/A	1	7	30	13
2016-03-07	$44.85	$37.50	113.1%	25.3%	60.0%	50.4%	93.9%	0.0%	25.4%	65	-7.7K	-253	6.11	43.51	N/A	N/A	1	7	30	13
2016-03-08	$45.00	$37.50	4.5%	1.3%	59.4%	1.8%	0.0%	0.0%	0.0%	-80	-94	-51	6.11	180.33	N/A	N/A	1	7	30	13
2016-03-09	$46.65	$37.50	86.4%	24.8%	58.4%	38.4%	91.8%	0.0%	25.6%	248	-11.3K	-256	6.50	49.78	N/A	N/A	1	8	30	13
2016-03-10	$47.25	$37.50	111.4%	31.9%	56.1%	49.6%	132.9%	0.0%	-10.1%	381	-19.4K	-235	6.50	95.55	N/A	N/A	1	8	30	15
2016-03-11	$48.75	$37.50	97.0%	27.8%	56.3%	43.2%	102.1%	0.0%	6.2%	463	-18.5K	-220	6.50	79.48	N/A	N/A	1	8	30	15
2016-03-14	$48.90	$37.50	96.4%	27.6%	56.3%	42.9%	53.2%	0.0%	-38.6%	446	-21.2K	-294	6.50	74.91	N/A	N/A	1	8	30	15
2016-03-15	$44.40	$37.50	84.3%	24.2%	60.1%	37.5%	84.3%	0.0%	-31.2%	37	-17.4K	-315	3.25	152.81	N/A	N/A	2	8	30	15
2016-03-16	$45.00	$37.50	142.6%	40.9%	54.0%	63.6%	139.9%	0.0%	9.0%	149	-26.9K	-349	3.25	171.47	N/A	N/A	2	8	31	15
2016-03-17	$44.70	$37.50	91.9%	26.4%	48.6%	40.9%	124.8%	0.0%	25.1%	193	-10.2K	-166	3.25	92.64	N/A	N/A	2	8	31	15
2016-03-18	$44.85	$37.50	34.8%	10.0%	46.7%	15.3%	34.8%	0.0%	-13.6%	133	-24.6K	-322	3.25	179.33	N/A	N/A	2	8	31	15
2016-03-21	$44.85	$37.50	89.5%	25.7%	44.4%	39.8%	89.5%	0.0%	32.1%	402	-18.1K	-198	3.34	151.57	N/A	N/A	2	8	31	15
2016-03-22	$45.30	$37.50	85.6%	24.5%	44.4%	38.1%	62.5%	0.0%	0.8%	32	-32.8K	-323	3.34	82.31	N/A	N/A	2	8	31	15
2016-03-23	$45.00	$37.50	102.6%	0.0%	43.5%	45.7%	0.0%	0.0%	20.8%	86	-31.1K	-328	2.92	177.82	N/A	N/A	3	8	31	15
2016-03-24	$45.30	$37.50	68.5%	19.6%	42.8%	30.4%	65.3%	0.0%	6.5%	53	-4.6K	-193	2.92	122.10	N/A	N/A	3	8	32	15
2016-03-28	$44.55	$37.50	90.5%	26.0%	43.2%	40.3%	81.3%	0.0%	6.1%	23	-7.7K	-237	2.92	161.85	N/A	N/A	3	8	32	15
2016-03-29	$45.00	$37.50	79.3%	22.7%	42.1%	35.2%	73.0%	0.0%	8.7%	-35	-443	-175	2.92	68.53	N/A	N/A	3	8	32	15
2016-03-30	$44.85	$37.50	87.8%	25.2%	42.1%	39.1%	61.3%	0.0%	-29.9%	-142	-1.8K	-175	0.49	39.75	N/A	N/A	16	8	32	15
2016-03-31	$46.95	$37.50	74.1%	21.2%	44.3%	32.9%	71.1%	0.0%	-6.9%	211	-18.1K	-102	0.49	31.11	N/A	N/A	16	8	34	15