FBIO Options History — May 2016

In May 2016, FBIO traded between $40.20 and $53.25. ATM implied volatility averaged 97.6%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 27.1%. IV traded above realized volatility by 30.5% (HV 20d: 67.1%). Max pain ranged from $37.50 to $75.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.07.

Notable Days

2016-05-02: Highest Volume — 18 contracts
2016-05-16: Largest IV spike — 375.5% change
2016-05-24: Highest IV Rank — 82.6%
2016-05-24: Largest Expected Move — 53.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.28	$40.20	$53.25	$53.25	$42.00
Max Pain	$69.38	$37.50	$75.00	$37.50	$75.00
ATM IV	97.6%	27.6%	185.1%	110.4%	72.3%
Expected Move	27.1%	7.9%	53.1%	31.6%	20.7%
HV 20d	67.1%	59.1%	75.2%	61.2%	59.1%
HV 60d	56.8%	54.6%	60.4%	55.8%	56.5%
IV Rank	43.4%	12.1%	82.6%	49.2%	32.1%
IV Percentile	38.2%	0.8%	98.4%	54.8%	7.5%
Term Structure	-28.9%	-108.5%	34.7%	-19.3%	-60.7%
VWIV	95.6%	67.8%	188.5%	110.4%	188.5%
Bid-Ask Spread %	116.68	46.46	179.72	164.32	135.79
Gamma HHI	0.60	0.50	0.89	0.80	0.54
Net GEX	49	-497	868	640	-113
Net DEX	-11.3K	-66.3K	6.2K	-66.3K	5.7K
Net VEX	-104	-308	-45	-308	-84
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.07	0.53	4.00	0.53	4.00
Total Volume	11.905	9	18	18	9
Total OI	46.714	33	54	51	34

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
2016-05-02	$53.25	$37.50	110.4%	31.6%	61.2%	49.2%	110.4%	0.0%	-19.3%	640	-66.3K	-308	0.53	164.32	N/A	N/A	12	6	40	11
2016-05-03	$51.75	$37.50	131.2%	37.6%	62.3%	58.5%	86.6%	0.0%	11.4%	868	-38.1K	-216	1.08	60.40	N/A	N/A	6	6	40	11
2016-05-04	$48.75	$37.50	89.2%	25.6%	63.5%	39.7%	89.2%	0.0%	1.2%	61	-23.3K	-45	1.08	130.07	N/A	N/A	6	6	40	11
2016-05-05	$44.25	$0.00	162.4%	35.2%	71.5%	72.5%	128.7%	0.0%	-15.9%	-104	-17.2K	-59	1.05	159.10	N/A	N/A	6	6	40	11
2016-05-06	$44.40	$75.00	89.9%	26.4%	71.6%	40.0%	0.0%	0.0%	4.7%	-159	-10.4K	-77	1.35	102.62	N/A	N/A	5	6	41	11
2016-05-09	$46.35	$75.00	106.5%	28.1%	73.5%	47.4%	0.0%	0.0%	-101.2%	213	-17.4K	-112	1.35	133.21	N/A	N/A	5	6	40	11
2016-05-10	$45.00	$75.00	102.6%	24.1%	73.0%	45.7%	67.8%	0.0%	-0.3%	33	-13.7K	-95	1.35	62.96	N/A	N/A	5	6	40	11
2016-05-11	$45.15	$75.00	65.6%	18.8%	73.1%	29.1%	68.3%	0.0%	12.3%	121	-15.5K	-110	1.35	71.89	N/A	N/A	5	6	40	11
2016-05-12	$42.30	$75.00	131.0%	37.6%	75.2%	58.4%	70.0%	0.0%	-68.9%	154	-15.1K	-83	2.01	117.88	N/A	N/A	5	9	40	11
2016-05-13	$42.90	$75.00	27.6%	7.9%	75.1%	12.1%	0.0%	0.0%	34.7%	135	-14.0K	-68	2.01	167.12	N/A	N/A	5	9	40	14
2016-05-16	$43.80	$75.00	131.2%	37.6%	68.6%	58.5%	77.0%	0.0%	-44.0%	-497	-10.2K	-49	2.01	168.56	N/A	N/A	5	9	40	14
2016-05-17	$43.65	$75.00	77.4%	22.2%	63.4%	34.4%	78.7%	0.0%	17.9%	32	-10.2K	-113	2.01	46.46	N/A	N/A	5	9	40	14
2016-05-18	$44.10	$75.00	31.7%	9.1%	63.9%	13.9%	0.0%	0.0%	-78.0%	-373	1.0K	-63	1.80	179.72	N/A	N/A	5	9	38	14
2016-05-19	$41.40	$75.00	82.9%	23.8%	65.4%	36.9%	86.1%	0.0%	-18.8%	-8	1.4K	-104	1.80	70.61	N/A	N/A	5	9	38	14
2016-05-20	$41.70	$75.00	105.6%	30.3%	64.2%	47.0%	0.0%	0.0%	-20.5%	37	1.3K	-114	1.80	91.03	N/A	N/A	5	9	38	14
2016-05-23	$41.70	$75.00	84.2%	24.1%	63.9%	37.4%	0.0%	0.0%	4.2%	3	4.5K	-102	3.23	55.12	N/A	N/A	2	7	26	7
2016-05-24	$40.20	$75.00	185.1%	53.1%	64.0%	82.6%	0.0%	0.0%	0.0%	152	1.8K	-124	3.23	176.46	N/A	N/A	2	7	27	7
2016-05-25	$41.85	$75.00	84.6%	24.3%	66.6%	37.6%	0.0%	0.0%	-29.2%	-89	6.2K	-94	3.23	62.70	N/A	N/A	2	7	27	7
2016-05-26	$42.75	$75.00	99.4%	28.5%	67.7%	44.3%	188.5%	0.0%	-108.5%	-112	-6.6K	-95	3.23	140.76	N/A	N/A	2	7	27	7
2016-05-27	$42.60	$75.00	78.2%	22.4%	62.3%	34.8%	0.0%	0.0%	-98.3%	41	-2.1K	-77	4.00	153.54	N/A	N/A	2	7	27	7
2016-05-31	$42.00	$75.00	72.3%	20.7%	59.1%	32.1%	0.0%	0.0%	-60.7%	-113	5.7K	-84	4.00	135.79	N/A	N/A	2	7	27	7