FBIO Options History — April 2016

In April 2016, FBIO traded between $47.70 and $62.10. ATM implied volatility averaged 103.9%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 25.2%. IV traded above realized volatility by 58.4% (HV 20d: 45.5%). Max pain ranged from $37.50 to $37.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.33.

Notable Days

2016-04-01: Highest Volume — 24 contracts
2016-04-13: Largest IV drop — 64.3% change
2016-04-12: Highest IV Rank — 88.8%
2016-04-06: Largest Expected Move — 49.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.84	$47.70	$62.10	$47.70	$51.00
Max Pain	$37.50	$37.50	$37.50	$37.50	$37.50
ATM IV	103.9%	61.6%	198.8%	106.8%	96.0%
Expected Move	25.2%	17.7%	49.5%	30.6%	27.5%
HV 20d	45.5%	31.1%	61.5%	44.5%	61.5%
HV 60d	52.9%	47.1%	57.3%	56.9%	55.5%
IV Rank	46.3%	27.3%	88.8%	47.6%	42.7%
IV Percentile	39.8%	2.9%	99.2%	48.3%	33.3%
Term Structure	3.1%	-51.5%	64.6%	-51.5%	27.5%
VWIV	85.2%	61.6%	172.8%	76.4%	96.0%
Bid-Ask Spread %	76.63	19.31	168.33	36.92	165.91
Gamma HHI	0.77	0.50	0.89	0.50	0.81
Net GEX	816	8	1.7K	81	670
Net DEX	-57.5K	-131.0K	-13.2K	-13.2K	-61.1K
Net VEX	-277	-496	-10	-156	-306
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.33	0.48	3.66	0.48	0.53
Total Volume	14.19	10	24	24	18
Total OI	50.476	48	53	49	51

Daily Data (21 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
2016-04-01	$47.70	$37.50	106.8%	30.6%	44.5%	47.6%	76.4%	0.0%	-51.5%	81	-13.2K	-156	0.48	36.92	N/A	N/A	16	8	34	15
2016-04-04	$49.95	$37.50	94.9%	28.5%	46.8%	42.2%	98.7%	0.0%	14.0%	495	-20.5K	-188	0.48	140.38	N/A	N/A	16	8	34	15
2016-04-05	$50.25	$37.50	134.3%	27.3%	46.7%	59.9%	0.0%	0.0%	-13.3%	555	-25.3K	-142	0.49	56.87	N/A	N/A	16	8	34	15
2016-04-06	$52.65	$37.50	115.1%	49.5%	48.9%	51.3%	172.8%	0.0%	64.6%	8	-19.8K	-10	0.51	104.89	N/A	N/A	15	8	34	15
2016-04-07	$52.65	$37.50	128.3%	19.9%	47.8%	57.2%	62.9%	0.0%	11.7%	695	-51.5K	-303	3.66	45.33	N/A	N/A	2	8	34	15
2016-04-08	$52.50	$37.50	142.3%	19.2%	47.8%	63.4%	62.9%	0.0%	5.0%	759	-36.0K	-228	2.25	42.01	N/A	N/A	3	8	34	15
2016-04-11	$51.15	$37.50	164.6%	21.1%	48.0%	73.5%	63.3%	0.0%	5.3%	733	-35.5K	-223	2.25	22.90	N/A	N/A	3	8	36	15
2016-04-12	$52.50	$37.50	198.8%	18.8%	48.8%	88.8%	65.6%	0.0%	9.7%	746	-49.8K	-282	2.25	20.43	N/A	N/A	3	8	36	15
2016-04-13	$52.50	$37.50	71.0%	20.4%	31.5%	31.5%	67.0%	0.0%	9.7%	767	-34.5K	-205	2.25	38.24	N/A	N/A	3	8	36	15
2016-04-14	$53.40	$37.50	68.2%	19.5%	31.6%	30.3%	69.0%	0.0%	-8.1%	631	-65.0K	-312	1.30	19.31	N/A	N/A	6	8	36	15
2016-04-15	$54.30	$37.50	61.6%	17.7%	31.1%	27.3%	61.6%	0.0%	-17.9%	1.0K	-52.2K	-309	1.30	118.52	N/A	N/A	6	8	38	15
2016-04-18	$58.65	$37.50	88.3%	25.3%	39.1%	39.3%	89.5%	0.0%	29.4%	886	-84.1K	-388	1.23	57.39	N/A	N/A	5	6	37	11
2016-04-19	$62.10	$37.50	93.8%	26.9%	41.7%	41.7%	96.2%	0.0%	-2.4%	1.5K	-113.2K	-494	1.14	96.77	N/A	N/A	5	6	37	11
2016-04-20	$62.10	$37.50	100.8%	28.9%	42.0%	44.9%	99.9%	0.0%	-33.9%	1.5K	-131.0K	-457	1.12	110.52	N/A	N/A	5	6	39	11
2016-04-21	$59.55	$37.50	94.7%	27.2%	46.2%	42.2%	88.7%	0.0%	-9.3%	1.7K	-98.2K	-496	1.12	57.28	N/A	N/A	5	6	41	11
2016-04-22	$61.05	$37.50	77.6%	22.3%	46.3%	34.5%	91.3%	0.0%	-4.6%	1.7K	-99.1K	-483	1.12	46.82	N/A	N/A	5	6	41	11
2016-04-25	$58.50	$37.50	95.0%	27.2%	49.4%	42.3%	99.2%	0.0%	-4.7%	1.0K	-82.2K	-377	1.11	52.92	N/A	N/A	6	6	41	11
2016-04-26	$56.55	$37.50	97.2%	27.9%	52.2%	43.3%	90.2%	0.0%	-12.8%	1.0K	-76.0K	-359	1.11	48.85	N/A	N/A	6	6	41	11
2016-04-27	$57.00	$37.50	71.7%	20.6%	52.0%	31.8%	71.7%	0.0%	43.4%	34	-33.9K	-45	1.11	168.33	N/A	N/A	6	6	41	11
2016-04-28	$55.50	$37.50	80.4%	23.1%	52.1%	35.8%	80.4%	0.0%	0.0%	481	-25.5K	-60	1.11	158.68	N/A	N/A	6	6	41	11
2016-04-29	$51.00	$37.50	96.0%	27.5%	61.5%	42.7%	96.0%	0.0%	27.5%	670	-61.1K	-306	0.53	165.91	N/A	N/A	12	6	40	11