FDS Options History — April 2023

In April 2023, FDS traded between $400.79 and $421.60. ATM implied volatility averaged 22.8%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 5.0% (HV 20d: 27.7%). Max pain ranged from $400.00 to $410.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.21.

Notable Days

2023-04-21: Highest Volume — 72 contracts
2023-04-11: Largest IV drop — 27.5% change
2023-04-10: Highest IV Rank — 34.8%
2023-04-05: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$411.75	$400.79	$421.60	$416.38	$410.85
Max Pain	$404.21	$400.00	$410.00	$410.00	$410.00
ATM IV	22.8%	19.2%	27.8%	23.9%	22.7%
Expected Move	6.4%	5.5%	7.8%	6.8%	6.5%
HV 20d	27.7%	17.3%	33.0%	32.1%	21.5%
HV 60d	23.7%	23.0%	24.2%	23.8%	23.9%
IV Rank	16.7%	3.9%	34.8%	20.8%	16.5%
IV Percentile	19.5%	1.2%	53.2%	25.4%	20.2%
Term Structure	-0.7%	-4.9%	2.0%	-2.4%	-0.5%
VWIV	22.9%	12.4%	28.3%	23.3%	19.4%
Skew 25d	6.0%	1.7%	11.7%	7.0%	2.8%
Skew 10d	8.5%	2.8%	14.1%	11.6%	4.3%
Call IV 25d	19.3%	16.5%	24.9%	21.3%	19.8%
Put IV 25d	25.2%	20.3%	29.1%	28.4%	22.6%
Bid-Ask Spread %	95.70	81.80	101.61	94.18	100.39
Gamma HHI	0.17	0.09	0.46	0.14	0.10
Net GEX	263.8K	-199.7K	1.4M	297.7K	-77.4K
Net DEX	983.7K	-3.6M	4.9M	-1.6M	2.4M
Net VEX	-100.2K	-110.9K	-88.9K	-110.9K	-94.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.21	0.00	5.50	5.50	1.00
Total Volume	19.158	2	72	26	2
Total OI	2,091.632	1,792	2,237	2,130	1,867

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
2023-04-03	$416.38	$410.00	23.9%	6.8%	32.1%	20.8%	23.3%	7.0%	-2.4%	297.7K	-1.6M	-110.9K	5.50	94.18	4	22	846	1,284
2023-04-04	$409.82	$410.00	24.8%	7.1%	32.2%	23.9%	20.6%	5.2%	-4.9%	164.0K	1.5M	-106.3K	0.06	98.04	18	1	849	1,298
2023-04-05	$401.19	$410.00	27.2%	7.8%	33.0%	32.7%	27.4%	4.2%	-1.9%	-50.8K	4.2M	-106.1K	0.50	96.40	4	2	864	1,299
2023-04-06	$403.82	$400.00	25.2%	6.4%	33.0%	25.5%	23.1%	4.2%	0.2%	-9.6K	3.5M	-106.3K	0.25	89.27	16	4	866	1,299
2023-04-10	$402.00	$400.00	27.8%	6.9%	31.7%	34.8%	28.3%	3.7%	-1.6%	-92.6K	4.8M	-101.6K	1.00	81.80	7	7	871	1,303
2023-04-11	$406.21	$400.00	20.1%	6.2%	31.8%	7.3%	25.9%	7.0%	0.8%	70.0K	3.2M	-103.5K	4.00	93.70	1	4	875	1,308
2023-04-12	$410.89	$400.00	21.6%	6.2%	30.7%	12.7%	25.8%	11.7%	1.3%	331.3K	1.5M	-100.0K	2.50	94.39	2	5	874	1,306
2023-04-13	$418.05	$400.00	21.4%	6.1%	30.8%	11.8%	21.6%	5.8%	-0.4%	594.7K	-1.9M	-105.6K	0.14	91.16	7	1	876	1,305
2023-04-14	$414.56	$400.00	22.8%	6.5%	31.0%	17.0%	0.0%	3.6%	-1.9%	406.6K	-662.9K	-103.5K	0.60	96.13	5	3	883	1,304
2023-04-17	$414.17	$400.00	21.4%	6.1%	30.8%	11.9%	23.4%	5.3%	1.1%	457.4K	-344.2K	-99.8K	0.00	94.89	6	0	887	1,304
2023-04-18	$418.26	$400.00	22.7%	6.5%	31.0%	16.5%	21.3%	6.3%	-3.3%	631.4K	-1.9M	-97.8K	0.00	94.23	32	0	890	1,304
2023-04-19	$416.53	$400.00	21.3%	6.1%	30.1%	11.4%	12.4%	9.7%	-0.9%	688.0K	-1.6M	-98.9K	0.17	97.98	23	4	912	1,304
2023-04-20	$415.59	$400.00	19.9%	5.7%	30.1%	6.4%	0.0%	8.5%	1.0%	584.7K	-606.5K	-97.8K	0.07	98.72	14	1	926	1,306
2023-04-21	$421.60	$400.00	20.6%	5.9%	17.8%	9.0%	23.3%	7.3%	1.0%	1.4M	-3.6M	-97.6K	0.22	97.21	59	13	932	1,305
2023-04-24	$420.80	$410.00	19.2%	5.5%	17.3%	3.9%	23.3%	5.9%	1.8%	31.3K	-147.6K	-97.8K	2.44	98.16	9	22	687	1,105
2023-04-25	$412.58	$410.00	23.4%	6.7%	18.7%	18.9%	21.2%	1.7%	-1.7%	-68.4K	1.8M	-96.6K	0.07	101.61	14	1	697	1,117
2023-04-26	$400.79	$410.00	26.3%	7.5%	21.4%	29.4%	25.6%	4.4%	-3.1%	-199.7K	4.9M	-88.9K	4.50	99.34	8	36	710	1,118
2023-04-27	$409.17	$410.00	20.3%	5.8%	21.7%	7.8%	19.4%	9.4%	2.0%	-126.9K	3.2M	-90.7K	0.00	100.62	7	0	716	1,144
2023-04-28	$410.85	$410.00	22.7%	6.5%	21.5%	16.5%	0.0%	2.8%	-0.5%	-77.4K	2.4M	-94.7K	1.00	100.39	1	1	723	1,144