FDS Options History — January 2021

In January 2021, FDS traded between $301.85 and $335.05. ATM implied volatility averaged 30.8%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 9.1% (HV 20d: 21.7%). Max pain ranged from $320.00 to $330.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 15.30.

Notable Days

2021-01-06: Highest Volume — 1,536 contracts
2021-01-27: Largest IV spike — 40.3% change
2021-01-27: Highest IV Rank — 34.1%
2021-01-27: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$323.33	$301.85	$335.05	$329.24	$301.85
Max Pain	$322.63	$320.00	$330.00	$320.00	$320.00
ATM IV	30.8%	26.1%	41.5%	35.5%	35.9%
Expected Move	8.4%	7.5%	11.9%	8.2%	10.3%
HV 20d	21.7%	19.8%	25.4%	22.4%	20.9%
HV 60d	27.7%	27.2%	28.3%	27.4%	27.7%
IV Rank	19.7%	12.1%	34.1%	27.5%	24.9%
IV Percentile	39.8%	11.9%	88.5%	68.7%	69.4%
Term Structure	0.7%	-5.0%	2.9%	-0.6%	2.9%
VWIV	30.5%	25.9%	47.1%	31.0%	35.4%
Skew 25d	3.4%	1.1%	6.6%	2.7%	1.1%
Skew 10d	6.6%	-7.0%	9.9%	8.6%	-7.0%
Call IV 25d	28.9%	24.9%	42.6%	28.8%	35.2%
Put IV 25d	32.3%	28.6%	45.4%	31.6%	36.3%
Bid-Ask Spread %	80.95	72.87	96.10	75.51	96.10
Gamma HHI	0.18	0.11	0.62	0.12	0.12
Net GEX	46.1K	-1.3M	439.4K	253.4K	-133.0K
Net DEX	-757.2K	-4.1M	3.5M	-2.6M	3.5M
Net VEX	-30.2K	-34.8K	-25.7K	-29.2K	-30.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	15.30	0.09	108.71	6.24	1.36
Total Volume	338.158	24	1,536	152	26
Total OI	1,310.421	1,017	1,706	1,257	1,253

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
2021-01-04	$329.24	$320.00	35.5%	8.2%	22.4%	27.5%	31.0%	2.7%	-0.6%	253.4K	-2.6M	-29.2K	6.24	75.51	21	131	734	523
2021-01-05	$328.73	$320.00	32.5%	8.1%	21.8%	23.2%	33.9%	4.1%	-0.3%	154.2K	-1.9M	-28.0K	2.63	77.93	8	21	746	575
2021-01-06	$331.96	$320.00	35.0%	7.9%	22.2%	26.8%	27.7%	4.4%	0.0%	264.9K	-2.9M	-29.2K	108.71	84.81	14	1,522	747	592
2021-01-07	$334.10	$320.00	29.4%	7.9%	22.3%	18.7%	27.3%	3.6%	0.3%	351.1K	-3.5M	-28.5K	11.82	75.58	28	331	754	595
2021-01-08	$332.85	$320.00	28.2%	7.5%	22.0%	17.0%	25.9%	3.0%	1.1%	302.1K	-3.1M	-27.0K	38.25	76.76	32	1,224	763	597
2021-01-11	$331.48	$320.00	32.5%	7.9%	21.6%	23.2%	26.9%	3.0%	0.4%	239.8K	-2.8M	-25.7K	26.04	72.87	48	1,250	773	605
2021-01-12	$335.05	$330.00	29.5%	7.7%	21.5%	18.8%	26.5%	1.5%	1.2%	439.4K	-4.1M	-29.3K	0.51	77.21	35	18	811	762
2021-01-13	$331.56	$330.00	26.8%	7.7%	20.8%	14.9%	26.2%	3.6%	1.0%	239.8K	-2.7M	-29.6K	68.86	80.24	14	964	825	777
2021-01-14	$321.32	$330.00	28.4%	8.1%	23.1%	17.3%	30.8%	2.5%	0.3%	-444.5K	1.1M	-27.5K	2.50	74.20	46	115	826	784
2021-01-15	$318.71	$330.00	27.3%	7.8%	23.2%	15.7%	29.0%	2.5%	1.2%	-1.3M	3.3M	-29.1K	4.15	75.34	40	166	834	872
2021-01-19	$320.09	$330.00	28.6%	8.2%	23.3%	17.6%	29.2%	3.9%	0.4%	45.5K	198.3K	-29.8K	1.23	82.33	26	32	548	469
2021-01-20	$328.46	$320.00	26.8%	7.7%	25.4%	13.0%	28.7%	4.4%	1.7%	183.6K	-1.9M	-33.3K	3.50	79.53	10	35	568	499
2021-01-21	$325.21	$320.00	26.1%	7.5%	20.1%	12.1%	27.9%	2.7%	1.5%	145.0K	-1.3M	-32.7K	0.26	79.05	43	11	579	498
2021-01-22	$322.20	$320.00	28.9%	8.3%	20.3%	15.8%	28.6%	3.8%	0.2%	107.0K	-113.2K	-31.7K	0.25	80.92	36	9	619	506
2021-01-25	$317.39	$320.00	27.9%	8.0%	20.2%	14.0%	30.3%	4.2%	1.9%	55.5K	352.8K	-31.5K	1.56	81.77	18	28	647	524
2021-01-26	$312.99	$320.00	29.6%	8.5%	20.7%	16.5%	34.5%	4.6%	2.3%	699	976.4K	-32.9K	5.82	85.79	11	64	661	529
2021-01-27	$311.33	$320.00	41.5%	11.9%	19.9%	34.1%	47.1%	2.8%	-5.0%	-10.0K	1.4M	-34.8K	7.00	92.06	3	21	664	581
2021-01-28	$308.71	$320.00	34.0%	9.7%	19.8%	22.6%	32.7%	6.6%	2.5%	-50.5K	1.9M	-33.1K	0.09	90.05	22	2	667	591
2021-01-29	$301.85	$320.00	35.9%	10.3%	20.9%	24.9%	35.4%	1.1%	2.9%	-133.0K	3.5M	-30.4K	1.36	96.10	11	15	661	592