FDS Options History — November 2023

In November 2023, FDS traded between $436.27 and $464.38. ATM implied volatility averaged 18.7%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.9% (HV 20d: 16.9%). Max pain ranged from $430.00 to $440.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2023-11-17: Highest Volume — 722 contracts
  • 2023-11-06: Largest IV spike — 12.4% change
  • 2023-11-06: Highest IV Rank — 22.1%
  • 2023-11-01: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$453.39$436.27$464.38$436.27$452.97
Max Pain$439.52$430.00$440.00$430.00$440.00
ATM IV18.7%17.0%20.9%20.0%18.3%
Expected Move5.3%4.9%5.7%5.7%5.2%
HV 20d16.9%12.9%18.8%17.8%13.4%
HV 60d15.8%15.4%16.3%15.8%15.6%
IV Rank12.8%5.7%22.1%18.0%10.8%
IV Percentile7.6%1.2%30.6%12.3%6.0%
Term Structure2.9%-0.3%4.7%-0.3%4.7%
VWIV18.9%16.8%22.0%19.8%18.3%
Skew 25d2.9%1.8%3.8%3.1%2.6%
Skew 10d5.1%3.0%6.4%5.7%3.0%
Call IV 25d17.3%16.2%18.7%18.7%17.5%
Put IV 25d20.2%18.7%21.8%21.8%20.1%
Bid-Ask Spread %87.0483.0091.6690.6591.66
Gamma HHI0.180.110.320.110.16
Net GEX2.3M506.9K4.5M506.9K1.3M
Net DEX-15.5M-34.1M-2.4M-2.4M-9.3M
Net VEX-108.3K-121.1K-89.2K-121.1K-89.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.064.000.360.40
Total Volume84.667127221528
Total OI3,401.9053,1853,6793,2303,363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$436.27$430.0020.0%5.7%17.8%18.0%19.8%3.1%-0.3%506.9K-2.4M-121.1K0.3690.651141,8121,418
2023-11-02$441.03$440.0019.2%5.5%18.1%14.8%18.7%2.8%3.1%767.1K-5.4M-116.0K2.0083.965101,8131,417
2023-11-03$443.75$440.0018.6%5.4%17.9%12.4%18.6%2.7%2.3%1.0M-7.6M-115.1K0.0985.13164141,8161,409
2023-11-06$445.20$440.0020.9%5.3%18.0%22.1%21.6%2.7%3.4%1.6M-10.3M-114.2K1.4383.7714201,9501,412
2023-11-07$451.04$440.0019.7%5.3%18.7%16.9%19.1%2.8%2.7%2.3M-16.0M-116.4K0.3583.642381,9571,423
2023-11-08$446.58$440.0017.8%5.1%18.8%8.8%17.7%3.0%3.1%1.9M-10.8M-109.8K0.3684.36106381,9611,430
2023-11-09$449.07$440.0018.6%5.3%17.7%12.1%17.9%3.1%3.6%2.3M-14.7M-119.8K0.1084.132932,0481,450
2023-11-10$452.86$440.0018.5%5.3%17.8%12.0%16.8%3.0%2.6%2.9M-18.9M-116.6K0.3183.0032102,0591,453
2023-11-13$453.22$440.0019.0%5.4%17.8%13.8%17.4%3.3%1.7%3.1M-18.9M-113.6K0.8786.9639342,0611,466
2023-11-14$460.45$440.0019.7%5.7%18.6%17.0%22.0%3.8%0.2%3.8M-28.0M-115.0K1.4285.1219272,1131,477
2023-11-15$459.38$440.0019.9%5.7%17.8%17.8%20.6%3.0%0.5%4.5M-28.6M-114.1K0.7885.5537292,1231,479
2023-11-16$464.38$440.0019.4%5.6%17.2%15.7%21.1%3.4%3.6%4.3M-34.1M-114.6K3.9289.3512472,1341,506
2023-11-17$456.66$440.0017.8%5.1%17.5%9.0%17.6%1.8%4.0%4.1M-21.3M-103.8K0.0787.20675472,1381,541
2023-11-20$456.57$440.0017.9%5.1%17.6%9.6%18.2%3.1%3.2%1.5M-11.4M-97.6K0.0687.1316191,8301,355
2023-11-21$458.31$440.0017.6%5.1%17.1%8.2%17.7%2.7%3.8%2.0M-14.9M-105.8K1.5087.748121,9541,355
2023-11-22$458.53$440.0017.0%4.9%16.3%5.7%18.7%2.5%4.3%2.1M-15.2M-102.2K3.0087.794121,9591,364
2023-11-24$461.81$440.0018.4%5.3%16.2%11.4%19.7%2.2%2.9%2.4M-17.4M-102.1K1.0089.76661,9631,370
2023-11-27$461.58$440.0017.7%5.1%13.4%8.5%17.6%2.7%3.8%2.4M-17.1M-97.6K0.2089.051531,9701,376
2023-11-28$458.00$440.0017.8%5.1%12.9%9.0%17.3%2.9%4.2%1.9M-13.6M-94.8K4.0090.804161,9781,379
2023-11-29$453.48$440.0019.5%5.6%13.6%15.9%19.4%3.3%2.6%1.4M-9.6M-94.5K0.3291.092891,9691,389
2023-11-30$452.97$440.0018.3%5.2%13.4%10.8%18.3%2.6%4.7%1.3M-9.3M-89.2K0.4091.662081,9701,393