FDS Options History — February 2018

In February 2018, FDS traded between $188.69 and $206.16. ATM implied volatility averaged 22.9%, placing in the 51.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 2.8% (HV 20d: 25.8%). Max pain ranged from $195.00 to $195.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.60.

Notable Days

2018-02-01: Highest Volume — 1,454 contracts
2018-02-05: Largest IV spike — 38.3% change
2018-02-05: Highest IV Rank — 100.0%
2018-02-06: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$198.77	$188.69	$206.16	$203.99	$203.70
Max Pain	$195.00	$195.00	$195.00	$195.00	$195.00
ATM IV	22.9%	17.9%	32.5%	21.9%	22.3%
Expected Move	6.4%	5.1%	7.7%	6.1%	6.4%
HV 20d	25.8%	20.7%	28.3%	20.7%	22.9%
HV 60d	26.9%	25.2%	27.6%	25.2%	27.5%
IV Rank	51.6%	22.2%	100.0%	63.2%	45.8%
IV Percentile	83.4%	59.9%	100.0%	85.3%	82.9%
Term Structure	2.3%	-1.2%	6.4%	1.5%	4.7%
VWIV	24.6%	19.2%	33.1%	22.4%	23.5%
Skew 25d	4.6%	2.7%	10.7%	2.7%	4.1%
Skew 10d	9.7%	5.7%	19.8%	6.1%	8.3%
Call IV 25d	20.8%	17.7%	25.8%	20.1%	20.0%
Put IV 25d	25.4%	21.3%	34.4%	22.7%	24.0%
Bid-Ask Spread %	64.58	40.44	86.30	45.14	79.64
Gamma HHI	0.20	0.14	0.27	0.21	0.14
Net GEX	95.1K	-1.1M	966.3K	726.4K	783.3K
Net DEX	-4.1M	-17.1M	14.6M	-15.0M	-11.2M
Net VEX	-94.3K	-118.8K	-68.8K	-113.2K	-72.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.60	0.69	2.83	0.85	2.42
Total Volume	995.684	648	1,454	1,454	935
Total OI	7,100.579	6,230	7,616	7,363	6,483

Daily Data (19 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 Vol	Put Vol	Call OI	Put OI
2018-02-01	$203.99	$195.00	21.9%	6.1%	20.7%	63.2%	22.4%	2.7%	1.5%	726.4K	-15.0M	-113.2K	0.85	45.14	784	670	2,980	4,383
2018-02-02	$199.65	$195.00	22.8%	6.5%	21.9%	70.0%	23.9%	2.8%	0.8%	260.8K	-7.8M	-111.4K	0.83	40.44	773	640	3,003	4,408
2018-02-05	$192.90	$195.00	31.6%	7.6%	25.2%	100.0%	28.1%	4.0%	-0.7%	-494.6K	5.4M	-118.8K	0.69	50.92	786	542	3,007	4,442
2018-02-06	$192.17	$195.00	32.5%	7.7%	24.7%	100.0%	31.4%	4.5%	-1.2%	-657.2K	9.1M	-118.6K	0.86	41.86	725	625	3,001	4,446
2018-02-07	$192.67	$195.00	23.0%	6.6%	24.8%	49.7%	26.4%	4.6%	1.0%	-748.7K	9.0M	-111.9K	0.82	49.57	722	590	2,997	4,528
2018-02-08	$188.69	$195.00	26.4%	7.6%	25.7%	67.5%	30.3%	5.8%	-0.3%	-1.1M	14.6M	-111.7K	0.79	58.90	721	573	2,998	4,527
2018-02-09	$189.63	$195.00	26.5%	7.6%	25.6%	68.3%	31.3%	10.7%	0.1%	-830.2K	13.7M	-116.8K	2.05	69.05	256	526	3,012	4,528
2018-02-12	$192.82	$195.00	24.5%	7.0%	26.3%	57.4%	33.1%	7.3%	-0.1%	-774.1K	9.3M	-106.5K	2.06	73.90	243	500	3,035	4,514
2018-02-13	$195.94	$195.00	23.4%	6.7%	27.0%	51.4%	22.6%	4.8%	1.0%	-317.1K	-417.9K	-94.1K	1.94	59.53	251	487	3,051	4,511
2018-02-14	$200.60	$195.00	21.1%	6.1%	28.3%	39.6%	26.8%	8.5%	2.3%	352.3K	-8.1M	-101.2K	2.24	86.30	241	540	3,066	4,511
2018-02-15	$201.48	$195.00	19.5%	5.6%	28.3%	31.1%	21.6%	4.2%	3.6%	703.5K	-12.2M	-89.3K	2.34	75.31	243	568	3,076	4,540
2018-02-16	$202.46	$195.00	20.8%	6.0%	28.2%	37.6%	19.2%	3.1%	2.2%	351.1K	-17.1M	-78.9K	0.74	70.85	773	573	3,081	4,535
2018-02-20	$201.07	$195.00	20.5%	5.9%	28.2%	36.3%	21.7%	3.4%	2.9%	609.7K	-9.0M	-72.6K	1.97	67.34	218	430	2,306	3,924
2018-02-21	$201.70	$195.00	21.3%	6.1%	28.0%	40.3%	21.4%	3.4%	4.2%	278.3K	-7.9M	-79.6K	1.41	63.41	319	451	2,307	3,953
2018-02-22	$201.53	$195.00	21.1%	6.1%	28.0%	39.5%	20.9%	3.2%	4.2%	460.6K	-8.6M	-79.4K	1.41	69.21	316	445	2,391	4,010
2018-02-23	$205.07	$195.00	17.9%	5.1%	28.2%	22.2%	20.5%	3.6%	6.1%	494.2K	-12.8M	-75.7K	1.68	69.80	277	465	2,409	4,049
2018-02-26	$206.16	$195.00	18.0%	5.1%	25.0%	22.6%	20.8%	3.5%	6.4%	722.1K	-15.1M	-71.3K	2.47	74.01	241	595	2,423	4,063
2018-02-27	$204.39	$195.00	20.8%	6.0%	23.1%	38.0%	21.5%	3.3%	5.0%	966.3K	-13.0M	-68.8K	2.83	81.89	228	646	2,327	4,086
2018-02-28	$203.70	$195.00	22.3%	6.4%	22.9%	45.8%	23.5%	4.1%	4.7%	783.3K	-11.2M	-72.0K	2.42	79.64	273	662	2,341	4,142