FDS Options History — August 2023

In August 2023, FDS traded between $421.29 and $441.78. ATM implied volatility averaged 20.6%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 5.8% (HV 20d: 14.8%). Max pain ranged from $410.00 to $420.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 2.24.

Notable Days

  • 2023-08-09: Highest Volume — 848 contracts
  • 2023-08-15: Largest IV spike — 10.9% change
  • 2023-08-08: Highest IV Rank — 22.8%
  • 2023-08-10: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$429.32$421.29$441.78$434.51$436.35
Max Pain$419.13$410.00$420.00$410.00$420.00
ATM IV20.6%16.3%23.0%20.3%16.3%
Expected Move5.9%4.7%6.4%5.8%4.7%
HV 20d14.8%11.4%18.6%16.9%15.9%
HV 60d21.3%20.7%21.9%21.8%20.9%
IV Rank11.9%0.0%22.8%10.3%0.0%
IV Percentile17.4%0.0%41.3%10.3%0.0%
Term Structure3.3%-0.7%5.7%-0.6%5.7%
VWIV20.1%16.1%23.0%20.3%16.1%
Skew 25d3.6%2.4%5.1%3.0%3.0%
Skew 10d5.7%0.6%9.5%6.2%0.6%
Call IV 25d18.8%15.5%20.9%17.8%15.5%
Put IV 25d22.4%18.5%25.7%20.7%18.5%
Bid-Ask Spread %86.1980.2891.8584.2391.42
Gamma HHI0.260.130.640.280.26
Net GEX2.4M1.4M5.2M2.5M2.7M
Net DEX-17.0M-27.8M-9.4M-21.9M-19.5M
Net VEX-108.0K-124.8K-93.8K-121.9K-93.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.0030.002.000.82
Total Volume117.34868481540
Total OI3,014.4352,4133,6083,0992,637

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$434.51$410.0020.3%5.8%16.9%10.3%20.3%3.0%-0.6%2.5M-21.9M-121.9K2.0084.235101,7221,377
2023-08-02$433.74$410.0022.3%6.4%17.1%19.5%21.0%3.8%-0.7%2.4M-21.8M-124.8K1.6887.1328471,7211,386
2023-08-03$431.43$420.0022.8%6.3%16.6%21.8%21.2%5.1%2.8%2.2M-18.9M-121.6K1.2182.6924291,7451,404
2023-08-04$422.48$420.0022.5%6.3%18.6%20.5%20.3%4.3%3.5%1.7M-11.1M-113.1K1.6480.9511181,7641,422
2023-08-07$423.42$420.0022.3%6.3%18.0%19.4%0.0%3.7%3.3%1.6M-10.9M-108.0K0.5080.28421,7691,435
2023-08-08$421.79$420.0023.0%6.3%17.4%22.8%0.0%4.3%3.2%1.5M-9.4M-106.8K0.1181.051821,7721,434
2023-08-09$423.09$420.0022.0%6.3%17.3%17.9%21.0%3.1%2.8%1.4M-10.3M-103.8K0.0081.7184531,7771,435
2023-08-10$421.29$420.0022.4%6.4%13.8%20.1%22.0%2.9%1.9%2.7M-14.3M-113.5K0.5083.7820101,9461,438
2023-08-11$425.62$420.0020.3%5.8%14.0%10.2%19.8%3.4%3.9%3.0M-18.6M-114.7K0.0085.212401,9601,447
2023-08-14$425.14$420.0019.8%5.7%12.4%8.0%21.6%4.3%3.7%3.2M-18.4M-107.0K1.6786.846101,9781,446
2023-08-15$421.97$420.0022.0%6.3%12.1%18.1%20.7%4.6%3.1%3.0M-13.5M-103.9K0.0284.7944371,9791,454
2023-08-16$426.16$420.0020.9%6.0%12.6%13.1%21.4%3.3%3.5%2.9M-21.8M-111.6K30.0088.823902,0501,447
2023-08-17$430.02$420.0021.7%6.2%12.9%16.9%23.0%4.8%2.6%2.8M-26.2M-114.6K1.7488.6019332,0511,527
2023-08-18$430.42$420.0020.2%5.8%12.4%9.6%20.4%3.1%2.7%5.2M-27.8M-113.2K0.6986.732261552,0551,553
2023-08-21$429.89$420.0020.3%5.8%11.8%10.2%19.5%2.5%3.3%1.8M-13.2M-106.3K0.2487.203481,3801,033
2023-08-22$430.22$420.0020.7%5.9%11.4%12.2%21.2%3.9%3.6%1.8M-13.6M-105.0K3.5085.49271,3931,028
2023-08-23$438.18$420.0018.7%5.4%13.3%2.9%20.0%2.4%4.5%2.0M-19.5M-103.4K1.4786.7215221,3951,034
2023-08-24$441.78$420.0020.2%5.8%13.0%9.7%19.8%3.2%3.6%1.9M-22.1M-104.5K1.0487.7091951,4101,055
2023-08-25$431.31$420.0019.4%5.6%15.7%5.9%20.0%3.8%3.7%1.9M-13.7M-104.4K2.0089.905101,4831,126
2023-08-28$429.82$420.0018.7%5.4%15.7%3.0%18.6%3.5%4.9%2.1M-12.1M-96.9K0.0490.069341,5031,135
2023-08-29$431.15$420.0018.3%5.2%15.7%0.9%16.5%3.0%4.5%2.1M-12.9M-94.6K0.0191.8516611,4621,137
2023-08-30$434.68$420.0017.8%5.1%16.0%0.0%16.6%2.6%5.7%2.6M-18.3M-95.8K0.7589.13861,4901,137
2023-08-31$436.35$420.0016.3%4.7%15.9%0.0%16.1%3.0%5.7%2.7M-19.5M-93.8K0.8291.4222181,4971,140