FDS Options History — July 2022

In July 2022, FDS traded between $389.89 and $429.62. ATM implied volatility averaged 28.2%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 6.1% (HV 20d: 34.3%). Max pain ranged from $380.00 to $400.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.01.

Notable Days

2022-07-15: Highest Volume — 678 contracts
2022-07-11: Largest IV spike — 31.4% change
2022-07-11: Highest IV Rank — 86.2%
2022-07-12: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$403.08	$389.89	$429.62	$393.47	$429.62
Max Pain	$391.50	$380.00	$400.00	$380.00	$400.00
ATM IV	28.2%	22.8%	41.7%	25.2%	22.8%
Expected Move	7.6%	6.5%	8.7%	7.2%	6.5%
HV 20d	34.3%	21.8%	40.1%	40.0%	23.6%
HV 60d	33.2%	32.2%	33.7%	33.5%	32.3%
IV Rank	41.3%	23.2%	86.2%	31.4%	23.3%
IV Percentile	55.8%	25.8%	98.8%	45.2%	25.8%
Term Structure	-0.3%	-2.4%	3.3%	3.1%	0.2%
VWIV	29.7%	26.4%	34.1%	27.9%	28.5%
Skew 25d	5.0%	1.3%	7.8%	5.1%	2.3%
Skew 10d	11.2%	2.6%	15.7%	12.3%	8.5%
Call IV 25d	25.2%	22.2%	28.3%	25.3%	22.9%
Put IV 25d	30.1%	25.2%	35.2%	30.4%	25.2%
Bid-Ask Spread %	89.58	80.48	98.13	98.13	97.23
Gamma HHI	0.29	0.23	0.34	0.23	0.33
Net GEX	685.2K	241.2K	1.1M	488.7K	944.8K
Net DEX	-9.3M	-17.6M	-3.6M	-7.2M	-17.6M
Net VEX	-60.2K	-67.1K	-54.7K	-60.5K	-59.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.01	0.26	1.79	0.26	1.21
Total Volume	493.8	414	678	657	414
Total OI	1,498.2	1,329	1,703	1,503	1,435

Daily Data (20 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
2022-07-01	$393.47	$380.00	25.2%	7.2%	40.0%	31.4%	27.9%	5.1%	3.1%	488.7K	-7.2M	-60.5K	0.26	98.13	521	136	813	690
2022-07-05	$395.51	$390.00	31.5%	7.8%	39.7%	52.2%	30.2%	7.5%	-1.4%	519.6K	-7.9M	-61.7K	0.31	82.53	454	141	817	708
2022-07-06	$403.26	$390.00	30.5%	8.3%	40.1%	49.0%	32.2%	5.7%	-2.4%	806.6K	-11.2M	-62.1K	0.32	82.07	428	137	823	728
2022-07-07	$403.03	$390.00	32.3%	8.2%	40.0%	54.8%	29.2%	4.7%	-1.4%	818.3K	-11.0M	-59.6K	0.36	83.89	414	149	837	737
2022-07-08	$402.65	$390.00	31.8%	8.2%	39.5%	53.0%	33.4%	5.8%	-0.7%	791.2K	-10.7M	-59.4K	1.16	81.23	199	231	835	744
2022-07-11	$403.30	$390.00	41.7%	8.3%	39.1%	86.2%	33.9%	1.3%	-1.2%	831.2K	-10.7M	-60.4K	1.12	81.84	199	222	838	814
2022-07-12	$391.74	$390.00	41.1%	8.7%	40.0%	83.9%	33.3%	6.1%	-2.0%	607.0K	-7.0M	-57.2K	1.17	80.48	195	229	841	816
2022-07-13	$393.27	$390.00	29.8%	8.6%	37.1%	46.6%	33.4%	7.0%	-2.0%	706.9K	-7.4M	-56.9K	1.08	84.17	212	228	848	831
2022-07-14	$396.59	$390.00	28.7%	8.2%	36.9%	42.9%	34.1%	6.4%	-1.5%	829.8K	-8.3M	-54.7K	1.01	86.02	225	228	859	831
2022-07-15	$398.58	$390.00	24.6%	7.0%	36.6%	29.2%	31.6%	1.8%	0.5%	1.1M	-9.0M	-55.1K	1.79	88.27	243	435	872	831
2022-07-18	$389.89	$390.00	25.3%	7.2%	36.6%	31.6%	26.9%	2.0%	3.3%	241.2K	-3.6M	-60.1K	1.38	90.87	229	316	800	529
2022-07-19	$399.64	$390.00	25.0%	7.2%	37.2%	30.5%	27.1%	6.0%	0.8%	477.9K	-6.1M	-61.8K	1.44	91.99	220	316	816	538
2022-07-20	$401.74	$390.00	25.9%	7.4%	36.7%	33.6%	27.3%	6.6%	-0.3%	508.7K	-7.3M	-63.6K	1.59	93.68	213	338	819	538
2022-07-21	$410.20	$390.00	24.8%	7.1%	37.1%	29.8%	28.3%	5.3%	0.3%	638.1K	-9.8M	-67.1K	0.99	94.17	217	214	820	562
2022-07-22	$407.03	$390.00	22.8%	6.5%	26.8%	23.2%	26.4%	4.5%	1.0%	615.9K	-9.5M	-64.1K	0.95	94.46	219	209	827	565
2022-07-25	$404.72	$390.00	27.2%	7.8%	26.9%	38.0%	27.9%	7.8%	-1.0%	594.6K	-8.0M	-63.1K	0.93	93.62	223	207	828	568
2022-07-26	$405.09	$400.00	24.0%	6.9%	26.8%	27.4%	26.4%	5.0%	-0.4%	646.0K	-8.6M	-59.9K	0.94	96.41	221	207	825	570
2022-07-27	$410.17	$400.00	25.6%	7.3%	21.8%	32.6%	28.3%	2.2%	-0.2%	709.0K	-10.5M	-59.3K	1.03	93.66	220	226	825	570
2022-07-28	$422.18	$400.00	23.8%	6.8%	23.2%	26.5%	27.7%	6.5%	-0.8%	836.2K	-14.6M	-57.4K	1.07	96.88	213	228	826	590
2022-07-29	$429.62	$400.00	22.8%	6.5%	23.6%	23.3%	28.5%	2.3%	0.2%	944.8K	-17.6M	-59.5K	1.21	97.23	187	227	836	599