FDS Options History — February 2021

In February 2021, FDS traded between $296.05 and $319.70. ATM implied volatility averaged 29.2%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 3.9% (HV 20d: 25.3%). Max pain ranged from $320.00 to $320.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.97.

Notable Days

2021-02-11: Highest Volume — 253 contracts
2021-02-09: Largest IV spike — 24.4% change
2021-02-01: Highest IV Rank — 24.9%
2021-02-01: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$311.71	$296.05	$319.70	$312.25	$304.91
Max Pain	$320.00	$320.00	$320.00	$320.00	$320.00
ATM IV	29.2%	25.1%	35.9%	35.9%	31.2%
Expected Move	8.4%	7.3%	10.3%	10.3%	8.9%
HV 20d	25.3%	23.6%	28.4%	24.1%	28.4%
HV 60d	25.1%	23.8%	27.9%	27.9%	24.7%
IV Rank	13.3%	6.5%	24.9%	24.9%	12.5%
IV Percentile	28.5%	3.2%	69.0%	69.0%	43.3%
Term Structure	2.5%	0.4%	4.9%	0.5%	2.3%
VWIV	31.3%	26.6%	40.7%	35.3%	32.2%
Skew 25d	3.3%	-0.4%	6.9%	-0.4%	6.0%
Skew 10d	8.1%	-3.3%	30.3%	7.5%	30.3%
Call IV 25d	28.9%	26.1%	35.8%	35.8%	29.1%
Put IV 25d	32.2%	30.0%	37.8%	35.4%	35.1%
Bid-Ask Spread %	87.91	83.40	93.54	92.26	91.81
Gamma HHI	0.13	0.11	0.18	0.12	0.12
Net GEX	-17.6K	-150.0K	282.7K	-52.1K	-8.0K
Net DEX	362.7K	-2.1M	1.9M	1.4M	94.3K
Net VEX	-30.7K	-41.2K	-24.1K	-29.9K	-32.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.97	0.00	14.00	0.17	0.23
Total Volume	54.053	8	253	14	38
Total OI	1,302.737	996	1,605	1,256	1,108

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
2021-02-01	$312.25	$320.00	35.9%	10.3%	24.1%	24.9%	35.3%	-0.4%	0.5%	-52.1K	1.4M	-29.9K	0.17	92.26	12	2	663	593
2021-02-02	$317.42	$320.00	28.1%	8.1%	24.9%	13.2%	30.2%	1.6%	2.1%	1.3K	455.7K	-28.5K	2.20	90.50	10	22	667	594
2021-02-03	$314.60	$320.00	28.9%	8.3%	25.1%	14.5%	40.7%	2.9%	1.3%	-61.8K	1.2M	-27.7K	0.00	91.10	8	0	671	599
2021-02-04	$315.18	$320.00	26.1%	8.1%	24.7%	10.2%	30.2%	3.4%	3.9%	-69.4K	1.2M	-26.8K	1.60	83.73	5	8	675	599
2021-02-05	$316.82	$320.00	25.1%	8.0%	24.7%	8.8%	29.8%	3.5%	1.7%	-25.6K	56.2K	-28.9K	0.80	83.40	10	8	677	602
2021-02-08	$319.70	$320.00	26.7%	8.3%	25.0%	11.2%	32.5%	3.2%	1.8%	57.5K	-678.3K	-27.4K	2.92	85.77	13	38	685	600
2021-02-09	$314.48	$320.00	33.2%	8.4%	25.5%	20.9%	30.3%	3.2%	0.4%	-83.6K	1.3M	-25.5K	14.00	87.55	1	14	688	613
2021-02-10	$309.58	$320.00	29.0%	8.3%	25.4%	14.6%	32.0%	1.8%	2.0%	-150.0K	1.9M	-24.8K	2.80	85.14	10	28	690	616
2021-02-11	$316.72	$320.00	27.9%	8.0%	27.0%	12.9%	29.8%	1.2%	2.4%	-102.6K	1.0M	-24.1K	0.07	85.00	237	16	688	638
2021-02-12	$315.12	$320.00	28.5%	8.2%	24.7%	13.9%	30.5%	2.6%	3.3%	-73.1K	-264.3K	-41.2K	0.07	87.06	195	14	901	633
2021-02-16	$312.11	$320.00	30.4%	8.7%	24.8%	16.6%	31.5%	3.0%	1.1%	-104.6K	563.3K	-37.4K	0.05	84.52	64	3	955	637
2021-02-17	$315.51	$320.00	28.4%	8.1%	25.1%	13.6%	29.7%	2.8%	1.9%	46.8K	-733.1K	-35.9K	0.93	85.44	14	13	968	637
2021-02-18	$319.41	$320.00	27.7%	7.9%	23.6%	12.6%	27.7%	3.7%	3.8%	282.7K	-2.1M	-36.2K	0.23	86.62	44	10	967	630
2021-02-19	$314.52	$320.00	25.6%	7.3%	24.0%	6.5%	26.6%	6.9%	4.9%	99.6K	-64.5K	-34.5K	0.19	89.70	16	3	968	622
2021-02-22	$304.18	$320.00	29.5%	8.5%	26.4%	9.9%	29.5%	3.9%	4.0%	1.9K	-47.0K	-30.1K	0.47	88.36	38	18	646	350
2021-02-23	$303.29	$320.00	29.7%	8.5%	26.0%	10.1%	31.1%	4.0%	4.4%	-13.3K	89.9K	-30.9K	0.82	89.15	17	14	660	374
2021-02-24	$300.58	$320.00	29.1%	8.3%	25.8%	9.1%	30.5%	3.9%	4.6%	-45.7K	548.0K	-29.8K	2.20	89.57	10	22	676	382
2021-02-25	$296.05	$320.00	34.2%	9.8%	26.2%	17.3%	35.2%	6.4%	1.9%	-34.2K	862.8K	-30.9K	7.67	93.54	6	46	683	397
2021-02-26	$304.91	$320.00	31.2%	8.9%	28.4%	12.5%	32.2%	6.0%	2.3%	-8.0K	94.3K	-32.7K	0.23	91.81	31	7	687	421