FDRR Options History — April 2023

In April 2023, FDRR traded between $40.18 and $41.44. ATM implied volatility averaged 21.2%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 8.6% (HV 20d: 12.6%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 4 of 19 days.

Notable Days

  • 2023-04-12: Largest IV drop — 33.0% change
  • 2023-04-11: Highest IV Rank — 29.9%
  • 2023-04-03: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.94$40.18$41.44$40.81$41.08
Max Pain$41.00$41.00$41.00$41.00$41.00
ATM IV21.2%16.1%30.4%25.1%23.2%
Expected Move5.7%4.6%7.2%7.2%6.7%
HV 20d12.6%9.5%17.3%17.3%11.3%
HV 60d13.7%13.2%14.7%14.7%13.4%
IV Rank11.9%2.5%29.9%19.8%14.3%
IV Percentile27.0%1.2%75.0%50.4%39.3%
Term Structure-2.3%-6.7%3.7%-6.7%-4.4%
Skew 25d2.1%-4.4%5.6%2.2%5.6%
Skew 10d1.2%-2.4%2.3%2.3%1.4%
Call IV 25d20.5%16.0%29.0%29.0%22.7%
Put IV 25d22.6%17.8%31.2%31.2%28.3%
Bid-Ask Spread %132.32125.66139.09137.06134.40
Gamma HHI1.001.001.001.001.00
Net GEX1.4K02.4K1.5K0
Net DEX-9.5K-15.3K0-12.2K0
Net VEX-10-220-220
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4.4210660

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$40.81$41.0025.1%7.2%17.3%19.8%0.0%2.2%-6.7%1.5K-12.2K-220.00137.06N/AN/A0060
2023-04-04$40.55$41.0024.8%7.1%16.5%19.2%0.0%0.7%-6.7%1.5K-11.1K-210.00134.94N/AN/A0060
2023-04-05$40.67$41.0020.8%6.0%16.5%11.5%0.0%1.0%-3.9%1.9K-11.3K-200.00133.14N/AN/A0060
2023-04-06$40.75$0.0021.5%4.7%15.3%12.8%0.0%2.1%-0.4%2.0K-11.6K-200.00128.71N/AN/A0060
2023-04-10$40.78$0.0025.5%4.8%14.1%20.5%0.0%2.3%-0.5%2.0K-11.7K-170.00133.28N/AN/A0060
2023-04-11$41.03$0.0030.4%5.9%14.2%29.9%0.0%5.0%-4.0%1.6K-12.9K-160.00133.92N/AN/A0060
2023-04-12$40.90$0.0020.4%5.8%14.3%10.7%0.0%3.0%-3.4%1.9K-12.3K-150.00129.10N/AN/A0060
2023-04-13$41.31$0.0016.1%4.6%14.3%2.5%0.0%2.3%0.1%2.1K-14.4K-140.00139.09N/AN/A0060
2023-04-14$41.27$0.0016.6%4.8%13.4%3.5%0.0%1.6%-1.1%2.4K-14.3K-130.00125.66N/AN/A0060
2023-04-17$41.39$0.0021.2%6.1%10.3%12.5%0.0%3.5%-4.5%1.8K-14.5K-100.00134.50N/AN/A0060
2023-04-18$41.44$0.0017.3%4.9%10.1%4.9%0.0%1.4%-2.0%2.4K-15.3K-90.00129.63N/AN/A0060
2023-04-19$41.35$0.0017.9%5.1%9.9%6.1%0.0%1.7%-2.5%2.3K-14.7K-70.00130.10N/AN/A0060
2023-04-20$40.95$0.0021.4%6.1%10.2%13.0%0.0%1.8%3.7%2.0K-12.3K-50.00133.94N/AN/A0060
2023-04-21$40.97$0.0021.2%6.1%9.6%12.6%0.0%5.5%-1.3%2.2K-12.4K-10.00134.56N/AN/A0060
2023-04-24$41.02$0.0018.7%5.4%9.5%7.4%0.0%0.6%-1.8%0000.00129.57N/AN/A0000
2023-04-25$40.55$0.0019.1%5.5%10.5%6.0%0.0%-4.4%0.2%0000.00132.68N/AN/A0000
2023-04-26$40.18$0.0019.5%5.6%11.0%6.9%0.0%-1.5%0.1%0000.00128.70N/AN/A0000
2023-04-27$40.79$0.0022.1%6.3%11.2%12.1%0.0%5.3%-3.9%0000.00131.08N/AN/A0000
2023-04-28$41.08$0.0023.2%6.7%11.3%14.3%0.0%5.6%-4.4%0000.00134.40N/AN/A0000