FDS Options History — February 2020

In February 2020, FDS traded between $264.68 and $309.43. ATM implied volatility averaged 24.9%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 2.0% (HV 20d: 23.0%). Max pain ranged from $280.00 to $280.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.45.

Notable Days

2020-02-04: Highest Volume — 606 contracts
2020-02-28: Largest IV spike — 44.7% change
2020-02-28: Highest IV Rank — 100.0%
2020-02-28: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$292.61	$264.68	$309.43	$289.96	$264.68
Max Pain	$280.00	$280.00	$280.00	$280.00	$280.00
ATM IV	24.9%	19.3%	54.9%	20.5%	54.9%
Expected Move	7.2%	5.5%	15.7%	5.9%	15.7%
HV 20d	23.0%	19.3%	32.8%	19.3%	32.8%
HV 60d	18.5%	16.7%	23.6%	18.7%	23.6%
IV Rank	32.9%	16.6%	100.0%	20.6%	100.0%
IV Percentile	56.9%	25.4%	100.0%	40.9%	100.0%
Term Structure	1.7%	-12.2%	4.6%	1.2%	-12.2%
VWIV	26.7%	18.8%	54.7%	21.9%	54.7%
Skew 25d	5.0%	3.3%	9.1%	4.6%	8.7%
Skew 10d	11.0%	8.0%	22.4%	9.1%	15.0%
Call IV 25d	23.3%	18.0%	48.7%	19.3%	48.7%
Put IV 25d	28.3%	21.8%	57.4%	23.9%	57.4%
Bid-Ask Spread %	77.27	71.44	85.68	84.15	71.44
Gamma HHI	0.34	0.11	0.86	0.29	0.11
Net GEX	3.8M	-43.2K	17.9M	2.7M	-43.2K
Net DEX	-27.8M	-66.5M	5.4M	-20.0M	5.4M
Net VEX	-106.2K	-120.8K	-93.2K	-102.1K	-97.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.04	2.20	0.35	0.31
Total Volume	142.105	23	606	23	124
Total OI	4,366	3,582	4,828	4,101	3,598

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
2020-02-03	$289.96	$280.00	20.5%	5.9%	19.3%	20.6%	0.0%	4.6%	1.2%	2.7M	-20.0M	-102.1K	0.35	84.15	17	6	2,532	1,569
2020-02-04	$295.86	$280.00	20.0%	5.7%	19.5%	19.0%	21.9%	3.3%	1.3%	3.2M	-29.5M	-101.3K	0.08	80.61	562	44	2,546	1,575
2020-02-05	$289.68	$280.00	21.0%	6.0%	21.7%	22.2%	22.5%	3.3%	1.2%	3.1M	-23.8M	-120.8K	0.97	85.68	66	64	2,971	1,604
2020-02-06	$289.65	$280.00	20.4%	6.3%	21.6%	20.4%	21.6%	4.2%	3.1%	3.3M	-24.0M	-119.5K	0.08	74.61	48	4	3,006	1,657
2020-02-07	$286.79	$280.00	20.9%	6.4%	21.9%	21.8%	23.1%	4.0%	2.8%	2.7M	-18.2M	-120.3K	0.12	72.45	90	11	3,017	1,661
2020-02-10	$290.02	$280.00	21.3%	6.5%	21.2%	22.9%	22.5%	4.2%	3.2%	3.5M	-23.5M	-116.4K	0.16	72.54	70	11	3,025	1,659
2020-02-11	$292.61	$280.00	22.4%	6.2%	21.2%	26.7%	22.3%	4.4%	3.6%	4.0M	-29.1M	-116.0K	0.15	75.54	54	8	3,076	1,664
2020-02-12	$292.93	$280.00	20.9%	6.0%	21.2%	21.7%	29.5%	4.5%	3.6%	4.4M	-29.4M	-111.8K	2.20	77.57	15	33	3,065	1,672
2020-02-13	$297.30	$280.00	20.9%	6.0%	21.5%	21.8%	21.7%	3.8%	3.2%	5.1M	-39.3M	-110.9K	0.04	76.85	56	2	3,075	1,679
2020-02-14	$298.89	$280.00	19.4%	5.6%	21.0%	17.1%	21.0%	3.6%	4.6%	5.9M	-43.3M	-104.6K	0.08	81.47	253	21	3,081	1,680
2020-02-18	$302.92	$280.00	21.2%	6.1%	21.2%	22.7%	22.3%	3.5%	3.5%	5.5M	-53.2M	-101.0K	0.07	78.35	74	5	3,111	1,700
2020-02-19	$309.43	$280.00	19.3%	5.5%	22.0%	16.6%	18.8%	4.2%	3.5%	2.9M	-66.5M	-93.2K	0.08	81.95	486	39	3,118	1,710
2020-02-20	$302.62	$280.00	21.4%	6.1%	24.1%	23.3%	22.0%	4.4%	4.1%	5.9M	-51.5M	-97.7K	1.39	77.93	59	82	2,988	1,734
2020-02-21	$299.25	$280.00	23.3%	6.7%	24.7%	29.3%	23.4%	4.9%	3.3%	17.9M	-38.7M	-101.4K	0.31	76.16	87	27	3,014	1,801
2020-02-24	$295.69	$280.00	26.1%	7.5%	24.3%	38.3%	26.6%	5.9%	2.4%	993.7K	-16.1M	-103.0K	0.63	74.24	40	25	2,000	1,592
2020-02-25	$289.32	$280.00	31.8%	9.1%	25.8%	55.9%	31.8%	7.6%	0.1%	652.0K	-10.3M	-102.1K	1.31	74.71	36	47	2,004	1,589
2020-02-26	$290.88	$280.00	30.0%	8.6%	25.6%	50.2%	33.4%	6.2%	1.5%	720.9K	-12.4M	-97.3K	0.14	74.21	64	9	1,991	1,591
2020-02-27	$281.02	$280.00	38.0%	10.9%	25.6%	75.3%	40.6%	9.1%	-1.1%	336.1K	-5.2M	-101.0K	0.15	77.64	53	8	2,001	1,598
2020-02-28	$264.68	$280.00	54.9%	15.7%	32.8%	100.0%	54.7%	8.7%	-12.2%	-43.2K	5.4M	-97.2K	0.31	71.44	95	29	2,000	1,598