FDRR Options History — January 2022

In January 2022, FDRR traded between $43.23 and $45.96. ATM implied volatility averaged 24.2%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 12.3% (HV 20d: 11.9%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.37.

Notable Days

2022-01-19: Highest Volume — 9 contracts
2022-01-19: Largest IV spike — 58.7% change
2022-01-26: Highest IV Rank — 80.2%
2022-01-26: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.76	$43.23	$45.96	$45.58	$44.50
Max Pain	$41.00	$41.00	$41.00	$41.00	$41.00
ATM IV	24.2%	13.4%	42.3%	20.5%	26.4%
Expected Move	6.5%	3.8%	12.1%	5.9%	7.6%
HV 20d	11.9%	10.6%	13.0%	13.0%	12.7%
HV 60d	11.8%	11.2%	12.7%	11.5%	12.7%
IV Rank	33.0%	4.9%	80.2%	23.6%	38.7%
IV Percentile	58.8%	4.1%	97.4%	43.0%	75.3%
Term Structure	-4.2%	-8.0%	-0.7%	-4.5%	-6.3%
VWIV	33.9%	22.4%	55.4%	37.1%	37.9%
Skew 25d	1.7%	-8.1%	16.7%	-8.1%	3.1%
Skew 10d	-1.2%	-19.2%	6.3%	-12.4%	2.5%
Call IV 25d	24.5%	14.6%	35.1%	23.0%	27.5%
Put IV 25d	26.2%	12.4%	51.8%	14.9%	30.6%
Bid-Ask Spread %	128.73	118.53	141.06	133.01	125.48
Gamma HHI	0.44	0.29	0.76	0.51	0.29
Net GEX	-291	-1.2K	80	-223	-135
Net DEX	1.7K	-1.6K	12.0K	897	424
Net VEX	-27	-71	-2	-8	-39
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.17	0.60	0.50	0.50
Total Volume	7.35	3	9	3	9
Total OI	22.75	21	25	21	25

Daily Data (20 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
2022-01-03	$45.58	$0.00	20.5%	5.9%	13.0%	23.6%	37.1%	-8.1%	-4.5%	-223	897	-8	0.50	133.01	N/A	N/A	2	1	0	21
2022-01-04	$45.96	$0.00	21.8%	6.2%	12.3%	26.8%	43.3%	-7.1%	-5.3%	-70	205	-2	0.50	137.61	N/A	N/A	2	1	0	21
2022-01-05	$45.59	$0.00	21.1%	6.1%	12.5%	25.1%	44.3%	-0.7%	-5.8%	-89	248	-2	0.17	134.18	N/A	N/A	6	1	0	21
2022-01-06	$45.42	$41.00	24.9%	5.3%	12.6%	34.8%	26.9%	2.2%	-1.2%	7	-1.4K	-17	0.17	127.32	N/A	N/A	6	1	1	21
2022-01-07	$45.52	$41.00	24.3%	5.0%	12.6%	33.4%	27.0%	-1.0%	-1.6%	17	-1.5K	-17	0.17	127.12	N/A	N/A	6	1	1	21
2022-01-10	$45.26	$41.00	28.3%	5.4%	12.6%	43.8%	27.9%	1.5%	-1.0%	-585	3.4K	-47	0.17	125.40	N/A	N/A	6	1	1	21
2022-01-11	$45.62	$41.00	23.4%	4.9%	12.8%	31.0%	28.7%	2.5%	-2.3%	44	-1.6K	-16	0.17	126.55	N/A	N/A	6	1	1	21
2022-01-12	$45.79	$41.00	23.1%	6.6%	12.5%	30.3%	36.4%	-0.4%	-5.0%	-62	-1.3K	-19	0.17	138.92	N/A	N/A	6	1	1	21
2022-01-13	$45.55	$41.00	17.6%	5.0%	12.3%	15.8%	28.7%	1.4%	-3.8%	50	-1.6K	-16	0.17	128.26	N/A	N/A	6	1	1	21
2022-01-14	$45.49	$41.00	19.1%	5.5%	12.3%	19.9%	29.5%	2.5%	-3.6%	46	-1.5K	-16	0.17	126.44	N/A	N/A	6	1	1	21
2022-01-18	$44.92	$41.00	13.4%	3.8%	12.1%	4.9%	22.4%	1.5%	-0.7%	80	-1.5K	-14	0.17	125.73	N/A	N/A	6	1	1	21
2022-01-19	$44.66	$41.00	21.2%	6.1%	10.8%	25.4%	29.3%	1.4%	-6.0%	-35	-1.0K	-16	0.50	125.26	N/A	N/A	6	3	1	21
2022-01-20	$44.18	$41.00	20.9%	6.0%	10.6%	24.5%	28.2%	0.4%	-4.4%	-439	3.1K	-36	0.50	122.64	N/A	N/A	6	3	1	23
2022-01-21	$43.62	$41.00	25.5%	7.3%	11.0%	36.5%	31.3%	0.7%	-4.9%	-792	5.7K	-46	0.50	129.01	N/A	N/A	6	3	1	23
2022-01-24	$43.23	$41.00	24.2%	6.9%	10.8%	33.1%	26.8%	-1.1%	-4.8%	-489	4.7K	-33	0.60	118.53	N/A	N/A	5	3	1	23
2022-01-25	$43.57	$41.00	31.1%	8.9%	10.7%	51.2%	38.8%	3.3%	-5.3%	-602	4.9K	-40	0.60	131.60	N/A	N/A	5	3	1	23
2022-01-26	$43.29	$41.00	42.3%	12.1%	10.6%	80.2%	55.4%	16.7%	-8.0%	-1.2K	12.0K	-71	0.60	141.06	N/A	N/A	5	3	1	23
2022-01-27	$43.45	$41.00	25.9%	7.4%	10.7%	37.5%	30.7%	1.0%	-4.0%	-467	4.3K	-34	0.50	123.70	N/A	N/A	6	3	1	23
2022-01-28	$43.95	$41.00	28.2%	8.1%	11.7%	43.6%	47.6%	13.9%	-6.0%	-858	6.0K	-60	0.50	126.85	N/A	N/A	6	3	2	23
2022-01-31	$44.50	$41.00	26.4%	7.6%	12.7%	38.7%	37.9%	3.1%	-6.3%	-135	424	-39	0.50	125.48	N/A	N/A	6	3	2	23