FDRR Options History — December 2023

In December 2023, FDRR traded between $42.04 and $44.06. ATM implied volatility averaged 25.6%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 16.4% (HV 20d: 9.2%). Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2023-12-13: Largest IV drop — 70.9% change
  • 2023-12-12: Highest IV Rank — 89.3%
  • 2023-12-01: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.15$42.04$44.06$42.31$43.92
ATM IV25.6%16.2%55.8%24.6%20.5%
Expected Move5.3%4.7%7.1%7.1%5.9%
HV 20d9.2%7.2%11.1%11.1%9.0%
HV 60d12.0%11.5%12.4%12.4%11.5%
IV Rank32.4%14.7%89.3%30.5%22.7%
IV Percentile50.2%5.6%98.8%72.2%44.4%
Term Structure-4.7%-15.6%-0.5%-15.6%-4.6%
Skew 25d1.3%-3.1%4.0%2.4%0.9%
Skew 10d1.5%-5.4%3.0%0.6%1.6%
Call IV 25d21.3%17.5%29.4%29.4%24.9%
Put IV 25d22.6%17.6%31.8%31.8%25.7%
Bid-Ask Spread %141.37137.58143.81139.85142.33
Gamma HHI0.380.360.410.400.39
Net GEX383280671646300
Net DEX-8.3K-10.3K-6.1K-7.4K-9.8K
Net VEX-30-39-22-33-24
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI66666

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$42.31$0.0024.6%7.1%11.1%30.5%0.0%2.4%-15.6%646-7.4K-330.00139.85N/AN/A0033
2023-12-04$42.28$0.0030.8%5.0%10.9%42.1%0.0%2.2%-8.2%671-7.5K-330.00143.81N/AN/A0033
2023-12-05$42.19$0.0031.9%5.0%10.8%44.1%0.0%2.2%-7.4%596-7.0K-340.00143.65N/AN/A0033
2023-12-06$42.04$0.0030.8%4.9%11.0%42.1%0.0%1.5%-8.6%665-6.8K-340.00141.99N/AN/A0033
2023-12-07$42.28$0.0032.5%4.9%10.9%45.4%0.0%2.3%-7.7%663-7.4K-320.00142.62N/AN/A0033
2023-12-08$42.45$0.0036.8%5.0%9.7%53.5%0.0%4.0%-8.8%287-6.1K-390.00142.86N/AN/A0033
2023-12-11$42.64$0.0050.4%5.3%9.1%79.1%0.0%2.3%-2.4%301-6.6K-370.00143.34N/AN/A0033
2023-12-12$42.73$0.0055.8%5.3%8.9%89.3%0.0%1.9%-2.5%310-6.9K-360.00142.92N/AN/A0033
2023-12-13$43.28$0.0016.2%4.7%7.2%14.7%0.0%1.9%-1.7%315-7.9K-330.00139.14N/AN/A0033
2023-12-14$43.77$0.0017.1%4.9%7.7%16.3%0.0%1.5%-1.5%281-8.8K-310.00142.92N/AN/A0033
2023-12-15$43.38$0.0018.6%5.3%8.6%19.1%0.0%0.7%-2.8%296-8.8K-300.00141.15N/AN/A0033
2023-12-18$43.53$0.0016.4%4.7%8.6%14.9%0.0%-3.1%-0.5%288-9.0K-290.00139.68N/AN/A0033
2023-12-19$43.73$0.0017.3%5.0%8.5%16.8%0.0%0.8%-2.5%283-9.4K-270.00141.22N/AN/A0033
2023-12-20$43.38$0.0019.3%5.5%8.8%20.5%0.0%0.0%-3.6%309-8.9K-290.00139.24N/AN/A0033
2023-12-21$43.55$0.0018.0%5.1%8.8%17.9%0.0%1.0%-2.7%290-9.0K-280.00141.12N/AN/A0033
2023-12-22$43.70$0.0018.8%5.4%8.8%19.5%0.0%0.6%-3.2%284-9.3K-270.00141.16N/AN/A0033
2023-12-26$43.93$0.0019.1%5.5%8.7%20.2%0.0%0.9%-3.5%280-9.7K-250.00140.45N/AN/A0033
2023-12-27$43.89$0.0017.3%5.0%8.8%16.7%0.0%1.0%-0.5%286-9.6K-250.00140.32N/AN/A0033
2023-12-28$44.06$0.0020.2%5.8%8.8%22.2%0.0%1.0%-6.6%302-10.3K-220.00137.58N/AN/A0033
2023-12-29$43.92$0.0020.5%5.9%9.0%22.7%0.0%0.9%-4.6%300-9.8K-240.00142.33N/AN/A0033