FDS Options History — August 2018

In August 2018, FDS traded between $199.99 and $229.17. ATM implied volatility averaged 16.1%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 3.2% (HV 20d: 19.3%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 3.10.

Notable Days

  • 2018-08-07: Highest Volume — 3,234 contracts
  • 2018-08-14: Largest IV drop — 39.4% change
  • 2018-08-13: Highest IV Rank — 29.7%
  • 2018-08-01: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$217.44$199.99$229.17$199.99$229.17
Max Pain$205.65$200.00$220.00$200.00$220.00
ATM IV16.1%12.7%20.9%17.5%14.9%
Expected Move4.6%4.1%5.0%5.0%4.3%
HV 20d19.3%13.6%21.3%13.6%19.2%
HV 60d19.1%16.8%19.8%17.1%19.8%
IV Rank12.2%0.0%29.7%16.5%8.3%
IV Percentile17.3%0.0%66.7%37.3%3.2%
Term Structure3.3%0.3%5.9%0.5%5.9%
VWIV17.4%15.1%19.5%18.8%15.5%
Skew 25d2.5%1.8%3.3%2.5%2.0%
Skew 10d5.1%4.1%6.5%6.0%4.3%
Call IV 25d15.2%14.4%17.2%17.2%14.6%
Put IV 25d17.7%16.5%19.7%19.7%16.6%
Bid-Ask Spread %28.9512.2174.2657.6913.00
Gamma HHI0.330.170.770.170.42
Net GEX638.4K-2.7M13.1M-319.5K1.6M
Net DEX-13.3M-27.8M3.8M3.8M-22.2M
Net VEX-90.2K-124.1K-61.7K-67.0K-87.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.101.4012.582.461.83
Total Volume1,181.6526773,2347031,261
Total OI6,709.9133,6668,4783,6667,588

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$199.99$200.0017.5%5.0%13.6%16.5%18.8%2.5%0.5%-319.5K3.8M-67.0K2.4657.692035001,7311,935
2018-08-02$202.55$200.0017.4%5.0%14.3%15.9%17.6%1.8%0.3%-197.1K518.5K-67.8K2.7260.591824951,7331,990
2018-08-03$202.25$200.0016.9%4.8%13.7%14.0%17.3%1.9%0.8%-254.7K441.9K-68.1K2.3474.262044771,7522,037
2018-08-06$211.96$200.0016.7%4.8%21.3%13.1%18.8%2.6%2.0%703.8K-12.2M-61.7K2.8150.552085841,7472,040
2018-08-07$213.71$200.0016.3%5.0%21.3%11.8%19.3%2.6%3.0%818.1K-14.6M-61.8K5.4350.965032,7311,7692,125
2018-08-08$213.68$200.0016.3%4.7%21.3%11.9%18.3%2.6%3.6%-749.3K-8.0M-99.8K7.8519.602121,6652,0264,396
2018-08-09$213.81$200.0015.6%4.7%21.2%9.0%18.6%2.4%3.0%-1.6M-5.3M-110.7K12.5845.481441,8112,0405,665
2018-08-10$212.41$200.0015.7%4.8%20.4%9.2%18.7%2.8%3.0%-2.7M104.9K-124.1K4.7920.241587572,0655,770
2018-08-13$214.52$200.0020.9%5.0%20.5%29.7%19.1%2.8%2.9%-1.6M-5.5M-109.1K2.2817.053357652,0935,780
2018-08-14$216.65$200.0012.7%4.4%20.2%0.0%18.3%2.4%3.5%173.7K-13.8M-108.7K2.3416.673337792,2765,809
2018-08-15$215.63$200.0016.1%4.6%20.3%13.0%19.5%3.3%2.8%-969.1K-10.0M-114.6K2.6255.063007852,3105,833
2018-08-16$218.25$200.0015.5%4.5%20.5%10.8%16.1%2.4%3.7%2.4M-19.3M-90.1K1.8918.634268042,3365,884
2018-08-17$220.30$210.0015.7%4.5%20.6%11.3%18.7%2.7%3.4%13.1M-25.2M-101.9K2.2618.173437742,5305,948
2018-08-20$222.47$210.0016.7%4.8%20.4%15.2%16.9%2.5%2.9%-125.4K-16.5M-91.8K1.6312.214026561,7855,091
2018-08-21$223.06$210.0016.4%4.7%20.4%13.9%16.1%2.7%3.3%-144.8K-16.0M-92.6K1.6113.674146651,8175,122
2018-08-22$221.92$210.0015.9%4.6%20.6%12.2%16.0%2.2%3.9%17-16.0M-92.2K1.6816.464167001,8705,105
2018-08-23$222.44$210.0016.4%4.7%19.9%14.1%17.0%2.8%3.2%37.0K-16.4M-93.9K1.9016.993426491,9165,156
2018-08-24$224.65$210.0016.3%4.7%19.4%13.8%15.5%2.6%3.7%451.5K-20.5M-84.6K1.6318.003976461,9575,199
2018-08-27$223.63$210.0016.4%4.7%19.1%14.2%16.0%2.5%3.8%577.1K-20.5M-86.3K1.4015.674506312,0905,246
2018-08-28$226.04$210.0014.6%4.2%19.1%7.4%15.6%2.1%5.3%1.0M-25.1M-83.9K1.5820.804817622,2055,253
2018-08-29$227.05$210.0014.4%4.1%18.2%6.3%15.1%2.1%5.7%1.4M-27.8M-87.2K2.9713.992156392,4225,363
2018-08-30$225.08$220.0015.0%4.3%18.8%8.9%16.2%2.3%5.2%1.1M-16.0M-90.2K2.8020.122567182,0785,445
2018-08-31$229.17$220.0014.9%4.3%19.2%8.3%15.5%2.0%5.9%1.6M-22.2M-87.0K1.8313.004458162,0925,496