FDRR Options History — March 2023

In March 2023, FDRR traded between $38.79 and $40.99. ATM implied volatility averaged 26.2%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 11.6% (HV 20d: 14.7%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days.

Notable Days

  • 2023-03-16: Highest Volume — 5 contracts
  • 2023-03-13: Largest IV spike — 81.9% change
  • 2023-03-13: Highest IV Rank — 88.7%
  • 2023-03-02: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.68$38.79$40.99$40.20$40.50
Max Pain$41.26$41.00$43.00$43.00$41.00
ATM IV26.2%17.5%61.3%19.7%19.8%
Expected Move5.9%4.0%8.3%5.6%5.7%
HV 20d14.7%11.1%17.2%12.5%17.1%
HV 60d14.3%13.7%14.6%14.1%14.6%
IV Rank21.9%5.1%88.7%9.4%9.7%
IV Percentile40.0%4.0%99.2%15.9%19.4%
Term Structure-2.9%-7.2%2.3%-6.8%-3.4%
Skew 25d2.1%-1.1%5.7%-1.0%3.6%
Skew 10d2.5%-6.0%9.4%1.1%1.9%
Call IV 25d20.9%14.2%32.5%24.1%19.5%
Put IV 25d23.0%15.3%35.7%23.2%23.2%
Bid-Ask Spread %132.11126.65138.54133.24132.35
Gamma HHI0.770.521.000.561.00
Net GEX9553791.8K7771.8K
Net DEX2.1K-10.7K14.7K8.2K-10.7K
Net VEX-29-46-20-43-23
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.2170500
Total OI8.826611116

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$40.20$43.0019.7%5.6%12.5%9.4%0.0%-1.0%-6.8%7778.2K-430.00133.24N/AN/A0065
2023-03-02$40.45$43.0029.0%8.3%11.1%27.2%0.0%3.3%-3.7%3797.2K-430.00133.05N/AN/A0065
2023-03-03$40.93$43.0025.0%7.2%12.1%19.5%0.0%1.9%-6.7%5913.8K-460.00132.48N/AN/A0065
2023-03-06$40.99$41.0023.4%4.0%12.1%16.4%0.0%0.4%-1.4%5054.1K-440.00135.22N/AN/A0065
2023-03-07$40.36$41.0027.2%4.6%13.1%23.6%0.0%-1.1%-2.0%6597.3K-400.00132.17N/AN/A0065
2023-03-08$40.26$41.0027.3%4.2%12.7%23.8%0.0%2.2%-1.3%8338.4K-370.00135.71N/AN/A0065
2023-03-09$39.61$41.0035.6%5.7%13.4%39.7%0.0%1.6%-1.7%5969.8K-350.00130.09N/AN/A0065
2023-03-10$39.05$41.0033.7%6.8%13.9%36.1%0.0%0.3%-7.2%57511.2K-300.00126.65N/AN/A0065
2023-03-13$39.06$41.0061.3%7.4%13.8%88.7%0.0%5.0%-1.4%41610.0K-310.00133.20N/AN/A0065
2023-03-14$39.16$41.0059.1%6.6%12.9%84.5%0.0%3.5%-3.0%69411.9K-280.00138.54N/AN/A0065
2023-03-15$38.97$41.0018.4%5.3%12.9%7.0%0.0%4.6%-1.4%88513.7K-240.00132.41N/AN/A0065
2023-03-16$39.62$41.0018.5%5.3%14.7%7.2%0.0%5.7%2.3%76210.9K-280.00129.83N/AN/A0565
2023-03-17$38.79$41.0017.5%5.0%16.1%5.1%0.0%0.8%-0.3%94314.7K-210.00130.02N/AN/A0065
2023-03-20$39.14$41.0021.7%6.2%16.7%13.3%0.0%3.4%-4.0%1.1K-6.4K-230.00131.94N/AN/A0060
2023-03-21$39.53$41.0017.8%5.1%16.4%5.7%0.0%1.0%-1.2%1.4K-7.2K-240.00130.41N/AN/A0060
2023-03-22$39.25$41.0018.9%5.4%16.4%7.8%0.0%-0.1%-2.5%1.3K-6.2K-220.00129.49N/AN/A0060
2023-03-23$38.95$41.0022.8%6.5%16.3%15.3%0.0%2.0%-6.6%1.1K-6.2K-210.00129.78N/AN/A0060
2023-03-24$39.16$41.0018.2%5.2%16.2%6.4%0.0%3.1%-2.1%1.3K-5.6K-210.00129.36N/AN/A0060
2023-03-27$39.44$41.0019.3%5.5%16.3%8.7%0.0%1.2%-3.0%1.4K-6.4K-210.00130.49N/AN/A0060
2023-03-28$39.28$41.0025.5%7.3%16.3%20.5%0.0%4.4%-4.0%1.2K-7.0K-200.00134.91N/AN/A0060
2023-03-29$39.84$41.0019.0%5.5%17.2%8.1%0.0%-0.3%1.1%1.5K-8.0K-210.00131.89N/AN/A0060
2023-03-30$40.05$41.0024.9%7.1%17.1%19.2%0.0%2.7%-5.3%1.4K-9.3K-230.00135.41N/AN/A0060
2023-03-31$40.50$41.0019.8%5.7%17.1%9.7%0.0%3.6%-3.4%1.8K-10.7K-230.00132.35N/AN/A0060