FDS Options History — January 2023

In January 2023, FDS traded between $395.64 and $431.03. ATM implied volatility averaged 24.6%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 2.0% (HV 20d: 26.6%). Max pain ranged from $420.00 to $420.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-01-20: Highest Volume — 879 contracts
  • 2023-01-11: Largest IV drop — 14.9% change
  • 2023-01-09: Highest IV Rank — 39.6%
  • 2023-01-03: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$415.65$395.64$431.03$404.01$421.11
Max Pain$420.00$420.00$420.00$420.00$420.00
ATM IV24.6%20.0%29.7%28.9%22.0%
Expected Move6.9%5.7%8.3%8.3%6.3%
HV 20d26.6%20.1%31.4%29.4%20.8%
HV 60d28.7%27.9%30.1%29.7%27.9%
IV Rank20.7%3.4%39.6%36.8%10.8%
IV Percentile21.9%1.6%61.1%51.6%6.7%
Term Structure-0.5%-4.6%3.2%-0.6%-0.6%
VWIV25.2%22.1%30.7%28.8%30.7%
Skew 25d5.9%0.3%12.5%9.1%1.1%
Skew 10d5.2%-5.6%14.6%-5.6%2.6%
Call IV 25d21.1%15.7%25.0%24.3%23.4%
Put IV 25d27.0%22.7%33.4%33.4%24.4%
Bid-Ask Spread %96.1892.12101.37100.0093.75
Gamma HHI0.230.090.740.180.10
Net GEX430.5K-972.6K4.6M-193.4K-267.9K
Net DEX2.4M-25.4M22.1M13.6M5.0M
Net VEX-108.9K-153.4K-83.1K-153.4K-87.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.003.000.200.00
Total Volume71.3508791482
Total OI3,476.851,9534,3644,1412,015

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$404.01$420.0028.9%8.3%29.4%36.8%28.8%9.1%-0.6%-193.4K13.6M-153.4K0.20100.00123251,9912,150
2023-01-04$404.07$420.0026.3%7.5%28.7%27.0%23.1%3.0%3.2%-406.1K13.1M-148.8K1.27101.3711142,0772,175
2023-01-05$395.64$420.0029.0%7.9%29.1%36.9%0.0%6.2%-0.8%-972.6K22.1M-141.5K0.6392.85852,0802,183
2023-01-06$404.00$420.0027.3%7.7%30.8%30.7%0.0%12.5%-0.6%-513.4K15.8M-144.3K0.3894.26832,0842,187
2023-01-09$404.79$420.0029.7%7.8%30.8%39.6%25.4%9.1%-1.7%-521.1K14.8M-133.7K3.0092.124122,0822,186
2023-01-10$407.85$420.0029.2%7.3%31.1%37.7%0.0%7.4%-0.7%-304.0K12.9M-129.1K0.0095.882502,0852,181
2023-01-11$409.84$420.0024.8%7.1%31.3%21.4%23.7%3.7%-0.3%242.6K7.9M-129.8K0.1496.742232,1032,182
2023-01-12$412.28$420.0022.7%6.5%30.5%13.4%0.0%4.6%0.8%788.4K4.5M-121.0K0.3695.622282,0952,182
2023-01-13$421.18$420.0026.0%7.5%31.4%25.8%0.0%9.2%-4.6%2.8M-8.7M-110.1K0.1096.841012,0842,186
2023-01-17$429.64$420.0022.6%6.5%29.9%13.1%23.1%9.3%-0.4%2.6M-22.2M-94.4K0.9798.8434332,0882,186
2023-01-18$431.03$420.0022.5%6.5%29.7%12.8%22.1%4.1%0.6%2.6M-25.3M-92.4K0.3697.032592,1152,199
2023-01-19$423.64$420.0024.3%7.0%29.3%19.4%27.2%6.6%-0.0%-188.3K-25.4M-89.8K0.8497.6231262,1302,207
2023-01-20$421.82$420.0023.5%6.7%21.3%16.3%24.0%6.5%-1.0%4.6M-10.6M-90.8K0.0296.61865142,1362,228
2023-01-23$424.14$420.0025.4%7.3%20.8%23.4%24.8%8.9%-3.1%-211.6K3.7M-83.6K3.0097.117216191,334
2023-01-24$419.21$420.0022.8%6.5%20.1%13.8%23.4%1.7%0.2%-295.7K5.3M-83.1K0.5596.751166261,351
2023-01-25$411.77$420.0021.5%6.2%21.4%9.1%26.2%6.3%-0.8%-416.8K7.8M-85.6K0.1794.302446291,357
2023-01-26$419.27$420.0021.1%6.0%22.0%7.5%0.0%3.5%-1.0%-288.8K5.5M-85.2K0.0095.84006461,360
2023-01-27$425.73$420.0020.0%5.7%22.3%3.4%0.0%4.9%1.8%-197.9K3.8M-88.9K0.5096.18216461,360
2023-01-30$421.95$420.0023.0%6.6%21.2%14.5%30.7%0.3%-0.4%-296.5K4.8M-85.9K3.0093.98266511,361
2023-01-31$421.11$420.0022.0%6.3%20.8%10.8%0.0%1.1%-0.6%-267.9K5.0M-87.3K0.0093.75206521,363