FDRR Options History — January 2024

In January 2024, FDRR traded between $43.33 and $44.73. ATM implied volatility averaged 21.5%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 13.1% (HV 20d: 8.5%). Max pain ranged from $39.00 to $44.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2024-01-24: Highest Volume — 40 contracts
2024-01-05: Largest IV spike — 109.6% change
2024-01-05: Highest IV Rank — 77.1%
2024-01-05: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.03	$43.33	$44.73	$43.76	$44.26
Max Pain	$40.32	$39.00	$44.00	$39.00	$44.00
ATM IV	21.5%	15.5%	49.4%	22.1%	20.6%
Expected Move	5.5%	4.5%	8.5%	6.3%	5.9%
HV 20d	8.5%	7.6%	9.5%	8.9%	8.7%
HV 60d	10.9%	9.6%	11.6%	11.6%	9.6%
IV Rank	24.7%	13.4%	77.1%	25.8%	23.0%
IV Percentile	42.2%	3.6%	97.2%	58.3%	46.8%
Term Structure	-5.3%	-30.1%	-0.7%	-6.2%	-3.8%
VWIV	20.5%	12.5%	42.5%	13.1%	14.0%
Skew 25d	-5.6%	-16.2%	2.0%	0.9%	-7.2%
Skew 10d	-1.0%	-9.9%	5.1%	1.8%	-8.8%
Call IV 25d	21.8%	12.2%	37.7%	27.5%	25.3%
Put IV 25d	16.2%	9.6%	29.2%	28.4%	18.1%
Bid-Ask Spread %	134.22	127.06	141.17	140.72	131.47
Gamma HHI	0.52	0.34	0.97	0.38	0.97
Net GEX	-4.1K	-24.0K	400	301	-24.0K
Net DEX	-13.3K	-46.9K	-8.5K	-9.4K	-18.9K
Net VEX	-63	-242	-17	-25	-220
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.00	1.50	1.50	0.00
Total Volume	4.857	0	40	0	0
Total OI	22.333	6	90	6	90

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$43.76	$0.00	22.1%	6.3%	8.9%	25.8%	0.0%	0.9%	-6.2%	301	-9.4K	-25	0.00	140.72	N/A	N/A	0	0	3	3
2024-01-03	$43.61	$0.00	22.8%	6.5%	9.0%	27.1%	0.0%	0.3%	-6.8%	305	-9.1K	-26	0.00	141.17	N/A	N/A	0	0	3	3
2024-01-04	$43.64	$39.00	23.5%	4.7%	8.9%	28.5%	0.0%	-8.8%	-3.5%	321	-9.4K	-24	0.00	137.08	N/A	N/A	0	0	3	3
2024-01-05	$43.60	$39.00	49.4%	8.5%	8.8%	77.1%	0.0%	-16.2%	-30.1%	254	-8.6K	-27	0.00	136.98	N/A	N/A	0	0	3	3
2024-01-08	$44.05	$39.00	26.0%	4.7%	9.2%	33.0%	0.0%	-0.6%	-3.6%	267	-9.6K	-24	0.00	133.79	N/A	N/A	0	0	3	3
2024-01-09	$43.85	$39.00	27.1%	4.9%	9.4%	35.1%	0.0%	-3.8%	-4.4%	315	-9.7K	-23	0.00	137.10	N/A	N/A	0	0	3	3
2024-01-10	$43.94	$39.00	15.6%	4.5%	9.4%	13.5%	0.0%	-5.8%	-1.7%	332	-10.2K	-20	0.00	136.77	N/A	N/A	0	0	3	3
2024-01-11	$43.80	$39.00	17.0%	4.9%	9.5%	16.1%	0.0%	-7.2%	-5.0%	395	-10.5K	-17	0.00	136.29	N/A	N/A	0	0	3	3
2024-01-12	$43.88	$39.00	17.2%	4.9%	8.5%	16.5%	0.0%	-6.7%	-4.5%	352	-10.2K	-19	0.00	136.22	N/A	N/A	0	0	3	3
2024-01-16	$43.56	$39.00	18.1%	5.2%	8.0%	18.2%	0.0%	-10.0%	-5.2%	400	-9.8K	-20	0.00	133.84	N/A	N/A	0	1	3	3
2024-01-17	$43.33	$39.00	17.1%	4.9%	7.6%	16.2%	0.0%	-7.8%	-3.3%	334	-8.5K	-30	0.00	134.26	N/A	N/A	0	0	3	4
2024-01-18	$43.62	$39.00	16.7%	4.8%	7.8%	15.5%	0.0%	-7.4%	-1.5%	299	-9.4K	-26	0.00	130.76	N/A	N/A	0	0	3	4
2024-01-19	$44.08	$39.00	16.4%	4.7%	8.5%	14.9%	0.0%	2.0%	-0.9%	255	-10.0K	-24	0.00	129.66	N/A	N/A	0	0	3	4
2024-01-22	$44.28	$39.00	20.8%	6.0%	8.0%	23.2%	0.0%	-1.9%	-4.8%	235	-10.1K	-23	0.00	136.29	N/A	N/A	0	0	3	4
2024-01-23	$44.38	$39.00	19.5%	5.6%	8.0%	20.8%	0.0%	0.5%	-5.3%	235	-10.4K	-22	0.00	132.94	N/A	N/A	0	0	3	4
2024-01-24	$44.40	$39.00	15.5%	4.5%	7.9%	13.4%	13.1%	-4.7%	-0.7%	100	-11.3K	-18	1.50	133.32	N/A	N/A	16	24	3	4
2024-01-25	$44.62	$44.00	19.8%	5.7%	7.9%	21.5%	12.5%	-9.9%	-2.9%	-9.1K	-46.9K	-116	0.00	129.92	N/A	N/A	0	21	19	28
2024-01-26	$44.52	$44.00	20.5%	5.9%	8.0%	22.8%	42.5%	-8.2%	-4.9%	-17.0K	-14.4K	-201	0.00	127.06	N/A	N/A	4	0	19	49
2024-01-29	$44.66	$44.00	23.9%	6.9%	7.9%	29.2%	14.0%	-11.8%	-6.4%	-16.5K	-32.8K	-184	0.00	130.51	N/A	N/A	0	36	23	49
2024-01-30	$44.73	$44.00	22.9%	6.6%	7.8%	27.3%	0.0%	-3.6%	-6.4%	-23.5K	-9.4K	-242	0.00	132.58	N/A	N/A	0	0	23	67
2024-01-31	$44.26	$44.00	20.6%	5.9%	8.7%	23.0%	0.0%	-7.2%	-3.8%	-24.0K	-18.9K	-220	0.00	131.47	N/A	N/A	0	0	23	67