FDS Options History — April 2018

In April 2018, FDS traded between $189.75 and $199.17. ATM implied volatility averaged 23.2%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 3.4% (HV 20d: 26.6%). Max pain ranged from $195.00 to $210.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2018-04-13: Highest Volume — 2,164 contracts
  • 2018-04-03: Largest IV drop — 11.7% change
  • 2018-04-02: Highest IV Rank — 59.6%
  • 2018-04-02: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.23$189.75$199.17$195.87$189.75
Max Pain$207.38$195.00$210.00$210.00$195.00
ATM IV23.2%20.5%28.8%28.8%20.8%
Expected Move6.6%5.9%8.2%8.2%5.9%
HV 20d26.6%14.8%31.3%31.0%14.8%
HV 60d24.9%23.5%25.6%25.1%23.5%
IV Rank37.7%26.8%59.6%59.6%27.8%
IV Percentile79.7%65.1%97.2%97.2%66.7%
Term Structure-0.4%-2.4%0.5%-2.4%-0.6%
VWIV22.7%19.8%27.3%27.3%20.8%
Skew 25d3.6%3.0%4.1%4.0%3.7%
Skew 10d7.3%1.2%8.9%8.7%7.3%
Call IV 25d21.7%19.0%26.7%26.7%19.4%
Put IV 25d25.3%22.0%30.7%30.7%23.2%
Bid-Ask Spread %28.3812.3875.2665.5027.56
Gamma HHI0.200.120.530.120.21
Net GEX235.1K-245.2K1.7M-225.5K93.9K
Net DEX9.0M1.6M21.5M12.0M7.1M
Net VEX-76.4K-82.5K-64.7K-77.7K-71.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.532.631.032.19
Total Volume883.0956232,164910647
Total OI5,350.8573,3716,9405,0814,250

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$195.87$210.0028.8%8.2%31.0%59.6%27.3%4.0%-2.4%-225.5K12.0M-77.7K1.0365.504484622,6752,406
2018-04-03$197.94$210.0025.4%7.3%31.1%46.2%25.3%3.8%-0.5%-230.8K11.0M-77.1K1.4630.943234712,7042,458
2018-04-04$196.15$210.0026.0%7.5%30.9%48.7%25.7%3.1%-0.4%-245.2K12.2M-78.3K1.0375.264624742,8002,400
2018-04-05$196.90$210.0025.6%7.1%30.9%47.1%22.6%3.6%-0.1%-216.9K11.1M-82.5K1.3020.924065262,9762,400
2018-04-06$193.66$210.0025.6%7.3%31.3%47.0%24.2%3.8%0.1%-241.1K14.2M-80.5K1.3433.233594803,0262,405
2018-04-09$196.64$210.0026.2%7.4%29.7%49.5%25.0%4.0%-0.5%-136.3K10.0M-82.4K2.1619.532495383,1032,428
2018-04-10$198.63$210.0024.2%6.9%30.0%41.3%24.4%3.8%-0.2%-164.3K8.0M-80.6K1.7120.143485943,1132,470
2018-04-11$196.97$210.0024.3%7.0%30.1%42.0%23.6%3.6%-0.6%40.6K9.8M-77.5K2.4718.082476093,2482,460
2018-04-12$199.17$210.0022.7%6.5%30.5%35.6%22.3%3.6%-0.1%253.5K5.7M-79.4K2.6312.382025313,3462,488
2018-04-13$198.03$210.0023.0%6.6%30.4%36.7%23.3%3.5%-0.1%268.6K6.7M-79.3K0.5322.511,4167483,3562,490
2018-04-16$196.84$210.0024.0%6.9%29.9%40.6%23.4%4.0%-0.7%1.3M6.9M-74.5K2.5516.201874763,9252,579
2018-04-17$197.41$210.0021.7%6.2%29.7%31.7%20.8%3.5%-0.1%1.7M6.5M-69.8K2.4022.492806723,9372,576
2018-04-18$196.58$210.0021.3%6.1%28.5%30.0%20.4%3.5%-0.3%1.6M11.1M-73.1K1.3517.253745054,0232,763
2018-04-19$194.77$210.0020.8%6.0%28.5%28.1%20.4%3.3%0.1%188.5K16.2M-71.3K2.0631.642254634,1562,775
2018-04-20$192.24$210.0022.5%6.4%26.1%34.7%22.0%3.3%-0.5%60.5K21.5M-67.4K2.0213.492064174,1792,761
2018-04-23$191.70$210.0021.3%6.1%25.9%30.0%20.2%4.1%0.5%44.2K4.9M-64.7K1.9726.363076041,8071,564
2018-04-24$192.70$200.0021.3%6.1%22.2%29.8%21.9%3.8%-0.3%53.4K4.0M-74.2K0.9814.744774691,9641,825
2018-04-25$192.60$200.0021.4%6.1%15.7%30.5%21.6%3.6%-1.1%249.5K2.8M-82.0K0.9117.244844382,2221,912
2018-04-26$193.99$200.0020.5%5.9%15.3%26.8%21.2%3.1%0.0%343.7K1.6M-81.3K2.0968.522164522,2451,913
2018-04-27$191.36$200.0020.6%5.9%15.8%27.2%19.8%3.0%-0.9%210.1K5.0M-77.8K1.4621.923064472,2991,941
2018-04-30$189.75$195.0020.8%5.9%14.8%27.8%20.8%3.7%-0.6%93.9K7.1M-71.9K2.1927.562034442,2891,961