FDS Options History — February 2024

In February 2024, FDS traded between $453.16 and $487.00. ATM implied volatility averaged 20.0%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.2% (HV 20d: 16.8%). Max pain ranged from $450.00 to $450.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.87.

Notable Days

2024-02-23: Highest Volume — 261 contracts
2024-02-12: Largest IV spike — 14.2% change
2024-02-21: Highest IV Rank — 28.0%
2024-02-21: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$467.52	$453.16	$487.00	$483.45	$462.81
Max Pain	$450.00	$450.00	$450.00	$450.00	$450.00
ATM IV	20.0%	17.4%	21.9%	19.3%	20.3%
Expected Move	5.7%	5.3%	6.3%	5.3%	5.8%
HV 20d	16.8%	12.3%	18.9%	12.5%	18.0%
HV 60d	17.4%	16.5%	17.8%	16.5%	17.8%
IV Rank	20.4%	9.4%	28.0%	17.3%	21.8%
IV Percentile	37.6%	7.1%	64.7%	23.4%	46.0%
Term Structure	2.3%	-0.5%	5.7%	2.2%	5.7%
VWIV	19.7%	16.6%	22.1%	16.6%	20.4%
Skew 25d	3.0%	0.3%	4.0%	3.9%	1.7%
Skew 10d	6.1%	0.7%	9.5%	9.2%	5.7%
Call IV 25d	18.6%	16.6%	21.5%	16.6%	19.5%
Put IV 25d	21.7%	20.2%	23.6%	20.5%	21.2%
Bid-Ask Spread %	87.42	83.17	93.43	85.29	93.43
Gamma HHI	0.25	0.14	0.33	0.29	0.33
Net GEX	1.6M	493.0K	3.1M	2.8M	1.9M
Net DEX	-11.7M	-24.3M	-4.5M	-21.6M	-11.6M
Net VEX	-76.7K	-97.4K	-63.9K	-97.4K	-74.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.13	6.00	0.58	6.00
Total Volume	55.45	6	261	38	7
Total OI	2,260.2	2,129	2,541	2,155	2,387

Daily Data (20 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
2024-02-01	$483.45	$450.00	19.3%	5.3%	12.5%	17.3%	16.6%	3.9%	2.2%	2.8M	-21.6M	-97.4K	0.58	85.29	24	14	1,441	714
2024-02-02	$487.00	$450.00	17.4%	5.5%	12.3%	9.4%	20.0%	3.8%	1.6%	3.1M	-24.3M	-94.6K	1.76	86.75	34	60	1,453	727
2024-02-05	$478.02	$450.00	19.6%	5.5%	14.2%	18.6%	20.7%	3.5%	0.9%	2.4M	-16.7M	-89.8K	0.42	84.34	40	17	1,455	762
2024-02-06	$476.77	$450.00	19.1%	5.3%	14.3%	16.8%	18.6%	3.1%	2.0%	2.2M	-15.1M	-83.1K	0.72	84.21	18	13	1,448	768
2024-02-07	$481.97	$450.00	18.8%	5.4%	14.3%	15.1%	18.5%	3.1%	1.2%	2.9M	-20.0M	-88.1K	0.20	83.17	5	1	1,458	773
2024-02-08	$471.24	$450.00	20.0%	5.7%	16.3%	20.3%	20.6%	4.0%	0.9%	1.5M	-11.5M	-77.3K	0.63	86.55	30	19	1,458	773
2024-02-09	$476.10	$450.00	18.4%	5.3%	16.5%	13.6%	17.8%	2.8%	1.9%	2.0M	-14.2M	-81.5K	0.13	83.37	15	2	1,467	781
2024-02-12	$472.60	$450.00	21.0%	6.0%	16.8%	24.4%	20.1%	3.1%	-0.3%	1.4M	-12.1M	-75.6K	0.33	87.52	18	6	1,466	782
2024-02-13	$463.11	$450.00	20.9%	6.0%	18.0%	24.1%	21.2%	3.9%	0.3%	493.0K	-5.9M	-68.2K	0.85	85.21	26	22	1,473	786
2024-02-14	$460.72	$450.00	21.8%	6.3%	18.0%	27.9%	18.8%	3.5%	-0.5%	512.3K	-5.8M	-68.6K	0.13	86.63	122	16	1,530	782
2024-02-15	$462.00	$450.00	21.1%	6.0%	18.0%	24.9%	19.8%	3.3%	3.5%	945.8K	-8.1M	-72.2K	0.23	86.10	69	16	1,634	782
2024-02-16	$457.11	$450.00	20.6%	5.9%	18.1%	22.8%	20.0%	2.6%	3.7%	1.0M	-6.8M	-74.4K	0.30	88.51	43	13	1,752	789
2024-02-20	$457.10	$450.00	20.2%	5.8%	17.9%	21.0%	22.1%	0.3%	3.3%	1.1M	-7.8M	-69.0K	0.41	88.09	17	7	1,417	712
2024-02-21	$453.16	$450.00	21.9%	6.3%	17.8%	28.0%	20.2%	3.7%	3.3%	857.2K	-4.5M	-63.9K	0.13	85.67	31	4	1,434	713
2024-02-22	$458.24	$450.00	20.1%	5.8%	18.4%	20.6%	19.9%	2.9%	2.6%	1.1M	-7.2M	-66.7K	1.83	87.74	12	22	1,464	714
2024-02-23	$462.90	$450.00	19.7%	5.7%	18.9%	19.1%	19.5%	3.3%	2.6%	1.5M	-9.9M	-66.0K	0.20	90.21	217	44	1,470	709
2024-02-26	$460.73	$450.00	19.8%	5.7%	18.9%	19.4%	20.3%	2.3%	5.4%	1.4M	-9.9M	-73.5K	1.75	89.81	12	21	1,573	721
2024-02-27	$460.22	$450.00	20.3%	5.8%	18.9%	21.6%	20.6%	3.4%	3.3%	1.3M	-8.9M	-71.9K	0.68	92.45	22	15	1,589	731
2024-02-28	$465.24	$450.00	20.1%	5.8%	18.0%	20.6%	19.1%	2.8%	2.6%	1.8M	-12.6M	-77.5K	0.13	93.40	31	4	1,591	725
2024-02-29	$462.81	$450.00	20.3%	5.8%	18.0%	21.8%	20.4%	1.7%	5.7%	1.9M	-11.6M	-74.4K	6.00	93.43	1	6	1,660	727