FDS Options History — February 2019

In February 2019, FDS traded between $218.68 and $235.17. ATM implied volatility averaged 17.5%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 4.1% (HV 20d: 13.4%). Max pain ranged from $210.00 to $210.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.73.

Notable Days

2019-02-27: Highest Volume — 10,378 contracts
2019-02-28: Largest IV drop — 19.2% change
2019-02-11: Highest IV Rank — 23.4%
2019-02-11: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$225.06	$218.68	$235.17	$219.81	$235.17
Max Pain	$210.00	$210.00	$210.00	$210.00	$210.00
ATM IV	17.5%	14.4%	19.6%	17.6%	14.4%
Expected Move	5.0%	4.1%	5.6%	5.3%	4.1%
HV 20d	13.4%	11.6%	15.6%	15.4%	11.6%
HV 60d	23.7%	23.4%	24.2%	24.2%	23.5%
IV Rank	16.4%	5.8%	23.4%	16.7%	5.8%
IV Percentile	24.6%	1.2%	40.9%	23.4%	1.2%
Term Structure	2.9%	-0.5%	6.4%	1.8%	6.4%
VWIV	18.8%	14.6%	26.3%	18.1%	26.3%
Skew 25d	3.8%	1.9%	5.4%	4.1%	3.7%
Skew 10d	9.3%	3.8%	12.9%	7.3%	11.6%
Call IV 25d	15.3%	12.0%	17.2%	16.4%	13.7%
Put IV 25d	19.1%	13.9%	21.0%	20.4%	17.4%
Bid-Ask Spread %	89.49	84.75	97.99	85.62	89.06
Gamma HHI	0.45	0.33	0.77	0.41	0.61
Net GEX	3.8M	2.9M	6.2M	3.2M	6.2M
Net DEX	-50.8M	-93.6M	-36.0M	-38.3M	-93.6M
Net VEX	-109.3K	-211.2K	-81.7K	-136.5K	-211.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.00	5.33	0.29	0.02
Total Volume	1,255.105	0	10,378	76	6,974
Total OI	7,577.474	6,240	8,655	7,545	8,655

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
2019-02-01	$219.81	$210.00	17.6%	5.3%	15.4%	16.7%	18.1%	4.1%	1.8%	3.2M	-38.3M	-136.5K	0.29	85.62	59	17	5,945	1,600
2019-02-04	$219.35	$210.00	17.9%	5.0%	13.5%	17.7%	0.0%	4.8%	3.1%	2.9M	-36.0M	-124.7K	0.00	84.75	0	0	5,956	1,606
2019-02-05	$222.22	$210.00	18.3%	5.2%	13.8%	19.1%	18.8%	3.9%	2.2%	3.4M	-44.0M	-128.0K	5.33	87.53	3	16	5,956	1,606
2019-02-06	$218.68	$210.00	18.0%	5.2%	15.6%	18.1%	23.0%	3.0%	1.6%	3.3M	-36.5M	-125.5K	0.50	86.64	2	1	5,957	1,616
2019-02-07	$219.85	$210.00	18.2%	5.2%	15.2%	18.6%	21.0%	3.2%	1.7%	3.2M	-37.8M	-118.2K	0.60	87.83	20	12	5,955	1,618
2019-02-08	$220.67	$210.00	17.9%	5.1%	15.0%	17.7%	18.2%	3.9%	1.6%	3.1M	-39.8M	-116.8K	1.32	88.11	34	45	5,970	1,629
2019-02-11	$220.89	$210.00	19.6%	5.6%	14.5%	23.4%	15.7%	4.9%	-0.5%	3.3M	-40.8M	-117.1K	0.00	86.53	14	0	5,980	1,632
2019-02-12	$222.05	$210.00	17.5%	5.0%	14.5%	16.3%	17.2%	4.0%	2.7%	3.2M	-44.3M	-101.8K	0.00	89.21	82	0	5,995	1,632
2019-02-13	$221.78	$210.00	18.1%	5.2%	13.7%	18.4%	16.4%	4.6%	1.8%	3.5M	-45.9M	-105.9K	0.00	89.14	92	0	6,054	1,632
2019-02-14	$222.08	$210.00	17.5%	5.0%	13.6%	16.3%	16.4%	3.5%	2.9%	3.4M	-46.3M	-96.4K	0.07	88.51	105	7	6,052	1,632
2019-02-15	$224.06	$210.00	17.3%	5.0%	13.6%	15.6%	16.7%	3.2%	2.7%	3.0M	-51.9M	-91.3K	0.08	93.99	252	20	6,053	1,639
2019-02-19	$226.12	$210.00	16.1%	4.6%	13.2%	11.7%	16.1%	2.6%	4.2%	3.2M	-52.2M	-90.8K	0.09	87.85	35	3	5,955	1,597
2019-02-20	$227.49	$210.00	16.4%	4.7%	12.3%	12.6%	17.1%	5.1%	4.3%	3.5M	-55.9M	-89.7K	1.66	90.64	47	78	5,973	1,597
2019-02-21	$227.73	$210.00	17.9%	5.1%	11.9%	17.7%	18.5%	4.2%	2.5%	3.6M	-57.4M	-87.4K	1.86	91.65	49	91	5,973	1,556
2019-02-22	$231.18	$210.00	16.2%	4.6%	12.3%	11.9%	19.3%	3.6%	4.4%	4.4M	-66.2M	-82.0K	0.84	92.56	120	101	5,966	1,539
2019-02-25	$231.39	$210.00	18.4%	5.3%	12.2%	19.4%	20.1%	1.9%	3.3%	4.6M	-67.2M	-88.3K	0.50	97.99	8	4	6,052	1,550
2019-02-26	$231.76	$210.00	17.5%	5.0%	11.8%	16.4%	25.3%	3.3%	3.6%	4.7M	-67.1M	-83.0K	0.02	91.62	5,061	117	6,053	1,551
2019-02-27	$233.85	$210.00	17.8%	5.1%	11.6%	17.4%	14.6%	5.4%	4.1%	6.0M	-43.8M	-81.7K	0.01	91.01	10,287	91	4,668	1,572
2019-02-28	$235.17	$210.00	14.4%	4.1%	11.6%	5.8%	26.3%	3.7%	6.4%	6.2M	-93.6M	-211.2K	0.02	89.06	6,837	137	7,032	1,623