FDS Options History — February 2023

In February 2023, FDS traded between $416.10 and $434.87. ATM implied volatility averaged 22.4%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.6% (HV 20d: 19.9%). Max pain ranged from $420.00 to $420.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 2.43.

Notable Days

2023-02-23: Highest Volume — 62 contracts
2023-02-21: Largest IV spike — 22.6% change
2023-02-21: Highest IV Rank — 24.6%
2023-02-21: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$427.77	$416.10	$434.87	$429.57	$416.10
Max Pain	$420.00	$420.00	$420.00	$420.00	$420.00
ATM IV	22.4%	20.6%	25.7%	20.6%	21.7%
Expected Move	6.4%	5.9%	7.4%	5.9%	6.2%
HV 20d	19.9%	17.7%	21.7%	21.6%	17.7%
HV 60d	26.1%	24.9%	28.1%	28.1%	24.9%
IV Rank	12.5%	5.5%	24.6%	5.7%	9.9%
IV Percentile	11.6%	2.4%	33.7%	2.8%	7.9%
Term Structure	1.9%	-0.6%	7.3%	-0.3%	3.4%
VWIV	24.6%	18.3%	51.6%	19.9%	25.2%
Skew 25d	3.9%	0.4%	6.7%	0.4%	3.8%
Skew 10d	8.6%	-0.4%	16.1%	0.1%	6.7%
Call IV 25d	20.5%	18.2%	22.6%	21.4%	22.1%
Put IV 25d	24.3%	21.7%	28.4%	21.7%	25.9%
Bid-Ask Spread %	93.20	89.57	98.56	98.56	92.70
Gamma HHI	0.10	0.09	0.11	0.09	0.09
Net GEX	-159.1K	-316.1K	-12.3K	-151.8K	-316.1K
Net DEX	2.8M	594.4K	6.3M	2.5M	6.3M
Net VEX	-72.6K	-79.0K	-66.7K	-79.0K	-69.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.43	0.14	16.00	0.33	0.67
Total Volume	17.842	2	62	4	10
Total OI	2,034.211	1,944	2,088	2,016	2,088

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
2023-02-01	$429.57	$420.00	20.6%	5.9%	21.6%	5.7%	0.0%	0.4%	-0.3%	-151.8K	2.5M	-79.0K	0.33	98.56	3	1	653	1,363
2023-02-02	$433.23	$420.00	23.9%	5.9%	21.7%	18.0%	19.9%	2.1%	2.3%	-65.5K	1.2M	-77.5K	0.14	90.06	7	1	654	1,364
2023-02-03	$427.49	$420.00	21.9%	6.2%	20.6%	10.5%	0.0%	4.7%	0.9%	-171.8K	2.9M	-75.8K	0.67	91.06	3	2	660	1,364
2023-02-06	$426.60	$420.00	21.8%	6.3%	19.7%	10.1%	0.0%	2.7%	0.9%	-179.0K	2.8M	-74.8K	0.50	94.90	4	2	661	1,366
2023-02-07	$434.87	$420.00	21.8%	6.1%	20.6%	9.9%	0.0%	2.1%	1.3%	-12.3K	1.2M	-78.0K	1.00	90.46	1	1	664	1,365
2023-02-08	$433.05	$420.00	20.7%	5.9%	20.7%	6.0%	24.9%	5.0%	2.7%	-21.6K	946.3K	-71.6K	0.00	93.22	0	3	664	1,366
2023-02-09	$428.77	$420.00	24.1%	6.9%	21.2%	18.8%	51.6%	4.6%	-0.6%	-152.4K	2.2M	-76.6K	16.00	93.97	1	16	664	1,364
2023-02-10	$427.77	$420.00	23.4%	6.7%	21.2%	16.1%	18.3%	6.7%	0.0%	-189.0K	3.1M	-75.1K	8.50	91.95	2	17	664	1,379
2023-02-13	$434.15	$420.00	22.5%	6.4%	20.5%	12.6%	0.0%	2.6%	0.4%	-36.5K	594.4K	-70.2K	0.00	90.13	0	5	662	1,396
2023-02-14	$431.35	$420.00	22.3%	6.4%	19.5%	11.8%	18.4%	4.3%	1.8%	-90.5K	1.5M	-70.8K	5.00	89.57	1	5	662	1,397
2023-02-15	$434.45	$420.00	21.2%	6.1%	19.6%	7.8%	28.8%	4.6%	1.5%	-33.2K	695.9K	-66.7K	0.43	94.49	7	3	662	1,402
2023-02-16	$429.13	$420.00	21.0%	6.0%	19.1%	7.1%	21.1%	4.4%	3.7%	-153.4K	2.0M	-69.4K	0.25	93.35	8	2	663	1,404
2023-02-17	$430.80	$420.00	20.9%	6.0%	19.0%	6.9%	20.8%	5.5%	2.0%	-146.3K	1.9M	-71.1K	0.75	95.11	32	24	668	1,406
2023-02-21	$423.60	$420.00	25.7%	7.4%	20.0%	24.6%	24.1%	5.4%	1.7%	-266.7K	4.7M	-69.8K	2.00	94.34	13	26	602	1,342
2023-02-22	$420.38	$420.00	24.6%	7.1%	19.7%	20.6%	0.0%	6.6%	2.3%	-274.7K	5.1M	-71.2K	2.00	94.05	1	2	607	1,368
2023-02-23	$426.15	$420.00	23.2%	6.7%	19.0%	15.3%	23.2%	2.9%	3.8%	-206.3K	3.2M	-67.4K	0.59	90.37	39	23	608	1,369
2023-02-24	$421.12	$420.00	20.6%	5.9%	18.6%	5.5%	22.4%	3.5%	7.3%	-305.2K	4.9M	-75.3K	1.14	94.62	29	33	642	1,403
2023-02-27	$419.07	$420.00	24.3%	7.0%	17.8%	19.6%	21.0%	1.7%	1.8%	-251.0K	5.0M	-68.3K	1.40	97.86	5	7	660	1,424
2023-02-28	$416.10	$420.00	21.7%	6.2%	17.7%	9.9%	25.2%	3.8%	3.4%	-316.1K	6.3M	-69.7K	0.67	92.70	6	4	660	1,428