FDS Options History — July 2021

In July 2021, FDS traded between $336.14 and $356.65. ATM implied volatility averaged 20.4%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 9.7% (HV 20d: 10.8%). Max pain ranged from $320.00 to $340.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 2.06.

Notable Days

2021-07-02: Highest Volume — 212 contracts
2021-07-09: Largest IV drop — 25.4% change
2021-07-13: Highest IV Rank — 40.1%
2021-07-27: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$341.58	$336.14	$356.65	$336.78	$356.65
Max Pain	$334.29	$320.00	$340.00	$330.00	$340.00
ATM IV	20.4%	17.1%	26.9%	18.7%	18.6%
Expected Move	5.7%	4.9%	6.7%	5.4%	5.3%
HV 20d	10.8%	8.7%	13.9%	8.9%	13.9%
HV 60d	20.7%	15.0%	24.1%	24.1%	15.0%
IV Rank	13.5%	0.0%	40.1%	0.0%	6.4%
IV Percentile	5.5%	0.0%	31.0%	0.0%	0.8%
Term Structure	0.4%	-1.9%	2.9%	2.1%	0.7%
VWIV	21.3%	19.5%	25.4%	20.9%	19.7%
Skew 25d	2.9%	0.9%	7.1%	3.4%	2.9%
Skew 10d	5.6%	1.5%	11.7%	5.6%	6.1%
Call IV 25d	19.4%	17.5%	21.4%	19.0%	17.5%
Put IV 25d	22.3%	19.0%	25.2%	22.4%	20.3%
Bid-Ask Spread %	89.69	83.41	95.79	88.12	95.78
Gamma HHI	0.15	0.11	0.31	0.14	0.16
Net GEX	585.4K	251.2K	1.2M	260.2K	841.8K
Net DEX	-4.8M	-8.1M	-2.5M	-3.7M	-8.1M
Net VEX	-40.7K	-52.2K	-34.8K	-52.2K	-39.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.06	0.00	14.80	2.22	1.00
Total Volume	50	1	212	29	8
Total OI	1,827.762	1,236	2,492	2,492	1,311

Daily Data (21 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
2021-07-01	$336.78	$330.00	18.7%	5.4%	8.9%	0.0%	20.9%	3.4%	2.1%	260.2K	-3.7M	-52.2K	2.22	88.12	9	20	1,191	1,301
2021-07-02	$338.87	$330.00	17.1%	4.9%	9.0%	0.0%	23.1%	1.4%	2.9%	523.5K	-4.9M	-49.0K	5.24	87.88	34	178	1,184	1,302
2021-07-06	$340.80	$320.00	19.8%	6.3%	8.7%	11.3%	20.3%	1.4%	-1.9%	762.9K	-6.3M	-47.7K	1.86	83.41	42	78	1,188	1,175
2021-07-07	$340.15	$320.00	20.3%	5.7%	8.7%	13.2%	21.3%	1.9%	1.0%	772.8K	-6.2M	-47.3K	14.80	87.23	5	74	1,198	1,130
2021-07-08	$340.26	$320.00	25.0%	6.4%	8.7%	32.5%	22.9%	3.7%	-0.7%	679.1K	-5.6M	-46.3K	0.92	86.97	50	46	1,198	1,072
2021-07-09	$343.01	$330.00	18.6%	6.0%	8.9%	6.5%	20.9%	2.6%	0.4%	1.2M	-7.5M	-43.3K	0.19	84.20	27	5	1,212	1,053
2021-07-12	$339.32	$330.00	21.8%	5.5%	9.5%	19.5%	20.1%	2.5%	1.5%	829.5K	-5.2M	-38.0K	0.20	87.77	30	6	1,202	1,050
2021-07-13	$336.44	$330.00	26.9%	5.7%	10.1%	40.1%	22.8%	3.0%	0.8%	539.0K	-4.1M	-39.2K	0.74	90.80	34	25	1,205	1,050
2021-07-14	$336.14	$330.00	20.1%	5.8%	10.1%	12.3%	20.8%	3.4%	-0.2%	418.6K	-3.5M	-37.1K	0.57	88.08	60	34	1,212	1,067
2021-07-15	$338.74	$340.00	18.8%	5.4%	10.1%	7.2%	19.8%	1.8%	1.1%	800.9K	-4.5M	-34.8K	0.18	88.49	28	5	1,200	1,082
2021-07-16	$341.35	$340.00	19.1%	5.5%	10.2%	8.2%	19.5%	3.8%	-0.2%	999.5K	-5.9M	-35.4K	0.35	92.17	31	11	1,199	1,082
2021-07-19	$336.54	$340.00	21.1%	6.1%	11.6%	16.6%	22.5%	0.9%	-0.3%	251.2K	-2.5M	-35.3K	1.67	90.99	6	10	803	433
2021-07-20	$340.74	$340.00	20.8%	5.9%	12.3%	15.1%	23.0%	1.2%	-0.2%	343.6K	-3.6M	-37.5K	1.77	87.47	44	78	803	443
2021-07-21	$340.38	$340.00	20.2%	5.8%	12.3%	12.9%	20.1%	4.3%	0.1%	320.8K	-3.0M	-38.9K	0.00	90.29	1	0	828	458
2021-07-22	$340.35	$340.00	20.8%	6.0%	11.8%	15.4%	20.2%	2.9%	0.1%	331.8K	-3.2M	-38.5K	0.40	90.22	5	2	827	458
2021-07-23	$345.06	$340.00	18.6%	5.3%	12.5%	6.3%	21.7%	2.9%	1.1%	463.5K	-4.3M	-37.2K	0.15	92.50	20	3	829	457
2021-07-26	$342.78	$340.00	20.9%	6.0%	12.9%	15.9%	0.0%	4.5%	-0.2%	417.5K	-4.1M	-39.0K	0.00	91.84	1	0	829	457
2021-07-27	$343.99	$340.00	23.3%	6.7%	11.7%	25.5%	25.4%	7.1%	-1.4%	464.0K	-4.6M	-41.1K	1.00	92.12	1	1	839	458
2021-07-28	$345.65	$340.00	20.0%	5.7%	11.7%	12.0%	20.5%	2.3%	-0.2%	477.0K	-4.7M	-38.8K	0.07	91.37	15	1	840	458
2021-07-29	$349.26	$340.00	18.7%	5.4%	12.1%	6.7%	0.0%	2.9%	1.1%	616.8K	-6.0M	-38.4K	10.00	95.79	2	20	840	459
2021-07-30	$356.65	$340.00	18.6%	5.3%	13.9%	6.4%	19.7%	2.9%	0.7%	841.8K	-8.1M	-39.0K	1.00	95.78	4	4	851	460