FDRR Options History — November 2023

In November 2023, FDRR traded between $39.20 and $41.92. ATM implied volatility averaged 16.9%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.5% (HV 20d: 14.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2023-11-03: Largest IV spike — 145.3% change
  • 2023-11-30: Highest IV Rank — 34.0%
  • 2023-11-30: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.91$39.20$41.92$39.20$41.92
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV16.9%8.4%26.5%23.2%26.5%
Expected Move5.1%4.0%7.6%6.7%7.6%
HV 20d14.4%12.3%16.4%12.7%12.3%
HV 60d12.3%11.0%12.9%11.0%12.3%
IV Rank15.8%0.0%34.0%24.6%34.0%
IV Percentile18.6%0.0%82.9%57.5%82.9%
Term Structure-3.6%-10.5%15.1%-10.5%-9.7%
Skew 25d1.8%-2.0%10.7%6.7%0.8%
Skew 10d2.4%-1.2%44.6%1.2%0.6%
Call IV 25d18.5%9.0%31.1%16.4%31.1%
Put IV 25d20.3%15.5%31.9%23.1%31.9%
Bid-Ask Spread %137.53132.76143.35137.14142.61
Gamma HHI0.310.260.370.320.37
Net GEX-25-1.2K672-587622
Net DEX-2.0K-6.3K5.7K5.7K-6.3K
Net VEX-47-55-37-51-37
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI6.6196776

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$39.20$40.0023.2%6.7%12.7%24.6%0.0%6.7%-10.5%-5875.7K-510.00137.14N/AN/A0034
2023-11-02$39.94$0.008.4%4.5%14.4%0.0%0.0%1.9%0.4%-6022.9K-550.00135.88N/AN/A0034
2023-11-03$40.35$0.0020.7%4.3%14.2%23.1%0.0%0.8%-1.4%-52343-540.00137.44N/AN/A0034
2023-11-06$40.20$0.0010.5%4.6%14.3%3.9%0.0%-0.8%-3.9%-632-212-530.00135.66N/AN/A0034
2023-11-07$40.31$0.009.0%4.9%14.2%1.0%0.0%4.5%-4.5%-332595-530.00143.35N/AN/A0034
2023-11-08$40.23$0.0017.2%4.9%14.2%16.5%0.0%10.0%-3.6%-664-429-530.00142.55N/AN/A0034
2023-11-09$39.80$0.0014.5%4.2%14.6%11.5%0.0%-2.0%-1.0%-1.2K2.6K-520.00135.67N/AN/A0034
2023-11-10$40.32$0.0014.1%4.0%15.3%10.7%0.0%1.1%-2.4%-499297-520.00132.76N/AN/A0034
2023-11-13$40.23$0.0015.3%4.4%14.8%13.0%0.0%-0.5%-2.9%-659639-500.00134.50N/AN/A0034
2023-11-14$41.05$0.0015.2%4.4%16.4%12.8%0.0%0.9%-2.3%-16-1.8K-500.00138.64N/AN/A0034
2023-11-15$41.32$0.0015.4%4.4%16.1%13.1%0.0%0.8%-3.9%164-3.4K-470.00138.24N/AN/A0034
2023-11-16$41.23$0.0020.3%5.8%15.7%22.4%0.0%1.2%15.1%106-2.3K-480.00142.07N/AN/A0034
2023-11-17$41.38$0.0015.9%4.6%15.3%14.1%0.0%-0.2%-4.4%277-4.5K-430.00134.05N/AN/A0034
2023-11-20$41.69$0.0016.5%4.7%15.0%15.2%0.0%1.3%-4.1%509-4.8K-440.00136.31N/AN/A0033
2023-11-21$41.44$0.0017.1%4.9%15.3%16.4%0.0%-0.9%-5.7%518-4.2K-450.00136.50N/AN/A0033
2023-11-22$41.61$0.0016.9%4.8%15.0%15.9%0.0%0.0%-5.2%573-5.1K-420.00138.09N/AN/A0033
2023-11-24$41.73$0.0017.3%5.0%14.2%16.7%0.0%-0.1%-5.3%624-5.6K-420.00135.15N/AN/A0033
2023-11-27$41.70$0.0018.4%5.3%12.9%18.7%0.0%10.7%-6.3%672-5.7K-390.00133.24N/AN/A0033
2023-11-28$41.72$0.0018.6%5.3%12.4%19.1%0.0%-0.1%-6.3%638-5.5K-390.00137.10N/AN/A0033
2023-11-29$41.78$0.0024.2%6.9%12.4%29.7%0.0%1.5%-8.8%503-5.1K-410.00141.17N/AN/A0033
2023-11-30$41.92$0.0026.5%7.6%12.3%34.0%0.0%0.8%-9.7%622-6.3K-370.00142.61N/AN/A0033