FDRR Options History — July 2023

In July 2023, FDRR traded between $41.25 and $43.06. ATM implied volatility averaged 21.4%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 11.5% (HV 20d: 9.9%). Max pain ranged from $39.00 to $39.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2023-07-12: Largest IV drop — 37.6% change
  • 2023-07-10: Highest IV Rank — 27.9%
  • 2023-07-05: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.27$41.25$43.06$41.80$42.97
Max Pain$39.00$39.00$39.00$39.00$39.00
ATM IV21.4%16.3%29.7%22.1%22.9%
Expected Move5.6%4.4%6.7%6.3%6.6%
HV 20d9.9%8.2%11.6%10.4%8.3%
HV 60d11.4%10.6%11.8%11.5%10.6%
IV Rank11.3%1.2%27.9%12.7%14.4%
IV Percentile34.3%1.2%79.8%39.7%49.2%
Term Structure-3.6%-6.1%0.4%-4.7%-5.0%
Skew 25d1.2%-0.3%5.3%0.9%1.6%
Skew 10d1.5%-1.3%6.5%1.4%1.3%
Call IV 25d21.9%16.4%27.6%27.6%26.6%
Put IV 25d23.1%16.3%28.5%28.5%28.1%
Bid-Ask Spread %137.32134.08139.01137.66139.01
Gamma HHI1.001.001.001.001.00
Net GEX1026615412766
Net DEX-3.8K-4.1K-3.4K-3.6K-4.1K
Net VEX-2-4-1-3-1
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI11111

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$41.80$0.0022.1%6.3%10.4%12.7%0.0%0.9%-4.7%127-3.6K-30.00137.66N/AN/A0010
2023-07-05$41.64$0.0023.5%6.7%10.4%15.6%0.0%-0.0%-6.1%133-3.6K-30.00138.47N/AN/A0010
2023-07-06$41.25$39.0025.8%5.2%11.1%20.1%0.0%1.3%-2.2%153-3.4K-40.00136.62N/AN/A0010
2023-07-07$41.25$39.0025.9%5.2%11.0%20.3%0.0%1.9%-3.8%154-3.4K-40.00136.64N/AN/A0010
2023-07-10$41.26$39.0029.7%5.5%10.9%27.9%0.0%1.7%-3.9%153-3.4K-40.00138.69N/AN/A0010
2023-07-11$41.64$39.0028.9%4.4%11.3%26.2%0.0%1.2%0.4%136-3.6K-30.00137.64N/AN/A0010
2023-07-12$41.91$39.0018.0%5.2%11.3%4.6%0.0%0.1%-4.2%121-3.7K-20.00137.25N/AN/A0010
2023-07-13$42.20$39.0018.1%5.2%11.4%4.8%0.0%1.3%-4.2%109-3.8K-20.00138.22N/AN/A0010
2023-07-14$42.04$39.0016.3%4.7%11.6%1.2%0.0%-0.3%-5.0%108-3.9K-20.00137.01N/AN/A0010
2023-07-17$42.16$39.0018.5%5.3%10.5%5.6%0.0%1.6%-4.0%110-3.8K-20.00137.59N/AN/A0010
2023-07-18$42.50$39.0018.9%5.4%10.3%6.2%0.0%2.1%-4.0%79-4.0K-10.00136.35N/AN/A0010
2023-07-19$42.73$39.0018.8%5.4%9.5%6.2%0.0%5.3%-4.2%73-4.1K-10.00134.15N/AN/A0010
2023-07-20$42.72$39.0019.1%5.5%9.2%6.8%0.0%1.1%-2.5%83-4.0K-10.00137.69N/AN/A0010
2023-07-21$42.79$39.0019.7%5.7%9.1%8.0%0.0%0.8%-2.8%80-4.0K-10.00138.45N/AN/A0010
2023-07-24$42.91$39.0020.3%5.8%8.4%9.1%0.0%1.0%-3.3%74-4.1K-10.00138.14N/AN/A0010
2023-07-25$43.06$39.0020.4%5.8%8.4%9.3%0.0%1.3%-2.9%66-4.1K-10.00137.39N/AN/A0010
2023-07-26$42.95$39.0020.3%5.8%8.2%9.1%0.0%1.1%-2.6%69-4.1K-10.00137.61N/AN/A0010
2023-07-27$42.62$39.0019.6%5.6%8.6%7.7%0.0%-0.3%-3.6%78-4.0K-10.00134.08N/AN/A0010
2023-07-28$42.99$39.0020.9%6.0%8.8%10.4%0.0%0.6%-3.5%67-4.1K-10.00137.80N/AN/A0010
2023-07-31$42.97$39.0022.9%6.6%8.3%14.4%0.0%1.6%-5.0%66-4.1K-10.00139.01N/AN/A0010