FG Options History — April 2020

In April 2020, FG traded between $9.60 and $10.55. ATM implied volatility averaged 67.5%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 11.7% (HV 20d: 55.9%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 3.78.

Notable Days

  • 2020-04-27: Highest Volume — 333 contracts
  • 2020-04-28: Largest IV spike — 56.5% change
  • 2020-04-15: Highest IV Rank — 48.5%
  • 2020-04-15: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.06$9.60$10.55$9.62$10.39
Max Pain$11.75$10.00$12.50$12.50$10.00
ATM IV67.5%36.6%87.8%67.7%44.5%
Expected Move19.4%10.5%25.2%24.9%12.8%
HV 20d55.9%21.8%81.5%81.3%21.8%
HV 60d61.7%61.4%62.0%61.7%61.5%
IV Rank37.0%19.6%48.5%37.1%24.0%
IV Percentile81.4%41.7%96.8%90.1%59.5%
Term Structure42.8%-43.3%132.8%-43.3%118.0%
VWIV31.4%31.4%31.4%31.4%31.4%
Skew 25d30.7%10.9%47.8%26.4%29.5%
Skew 10d-61.2%-72.9%-11.2%-66.2%-69.3%
Call IV 25d37.6%20.6%64.3%38.8%25.4%
Put IV 25d68.2%50.5%79.7%65.2%54.9%
Bid-Ask Spread %154.26145.70162.97155.17155.15
Gamma HHI0.710.500.940.650.81
Net GEX-9.3K-18.3K-1.3K-6.8K-11.1K
Net DEX721.9K562.5K1.2M663.9K690.6K
Net VEX-5.1K-6.5K-2.3K-6.5K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.780.0019.000.000.00
Total Volume57.857033321925
Total OI2,595.192,5312,8072,8072,556

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$9.62$0.0067.7%0.0%81.3%37.1%0.0%0.0%0.0%-6.8K663.9K-6.5K0.00155.17N/AN/A02197772,030
2020-04-02$9.68$12.5086.9%24.9%81.5%48.0%0.0%0.0%-43.3%-7.1K636.8K-6.3K0.00149.54N/AN/A0597771,933
2020-04-03$9.60$12.5079.3%22.7%81.4%43.7%0.0%0.0%-42.1%-5.8K589.1K-6.0K0.00149.65N/AN/A01587771,889
2020-04-06$9.78$12.5073.3%21.0%80.2%40.3%0.0%0.0%-4.4%-1.3K1.2M-2.3K0.00150.41N/AN/A0507771,794
2020-04-07$9.95$12.5070.4%20.2%80.2%38.7%0.0%0.0%-18.4%-8.7K740.0K-5.3K0.00151.24N/AN/A207771,794
2020-04-08$10.10$12.5077.1%22.1%80.5%42.5%0.0%0.0%8.4%-8.6K704.0K-5.5K0.00151.24N/AN/A007771,794
2020-04-09$10.26$12.5075.7%21.7%80.3%41.7%0.0%0.0%10.3%-8.7K658.6K-5.6K0.00153.23N/AN/A077771,794
2020-04-13$10.07$12.5085.6%24.5%80.4%47.3%0.0%0.0%-8.8%-9.1K700.1K-5.4K0.00152.51N/AN/A007771,794
2020-04-14$10.14$12.5085.7%24.6%76.6%47.3%0.0%0.0%-3.6%-9.2K702.5K-5.5K0.00157.53N/AN/A007771,794
2020-04-15$9.97$12.5087.8%25.2%76.3%48.5%31.4%0.0%-9.7%-9.7K748.1K-5.3K2.00156.74N/AN/A247771,794
2020-04-16$9.95$12.5083.4%23.9%66.5%46.1%0.0%0.0%2.4%-8.3K692.2K-5.3K0.00162.59N/AN/A037791,795
2020-04-17$10.15$12.5085.2%24.4%59.6%47.0%0.0%0.0%-1.3%-8.6K656.2K-5.5K0.00162.97N/AN/A007791,798
2020-04-20$9.91$12.5048.4%13.9%42.9%26.2%0.0%26.4%32.4%-13.2K800.2K-4.9K19.00155.44N/AN/A1197791,798
2020-04-21$9.93$12.5047.4%13.6%38.5%25.7%0.0%42.7%97.7%-8.2K709.2K-5.2K0.00145.70N/AN/A007791,816
2020-04-22$9.95$12.5056.4%16.2%28.2%30.8%0.0%47.8%109.2%-10.5K782.3K-5.0K0.00155.92N/AN/A047791,816
2020-04-23$10.12$10.0054.6%15.6%23.8%29.7%0.0%34.4%110.4%-9.5K697.2K-5.2K0.00153.94N/AN/A03037791,780
2020-04-24$10.28$10.0038.2%11.0%23.5%20.5%0.0%47.2%116.0%-13.1K777.7K-5.1K0.00154.09N/AN/A007791,833
2020-04-27$10.35$10.0036.6%10.5%23.5%19.6%0.0%15.3%132.8%-9.8K688.1K-5.4K1.66153.88N/AN/A1252087791,833
2020-04-28$10.45$10.0057.4%16.4%23.3%31.3%0.0%21.8%118.2%-18.3K734.8K-3.8K0.00156.49N/AN/A008911,640
2020-04-29$10.55$10.0076.4%21.9%22.9%42.0%0.0%10.9%130.9%-8.6K562.5K-4.7K0.00155.94N/AN/A2608911,640
2020-04-30$10.39$10.0044.5%12.8%21.8%24.0%0.0%29.5%118.0%-11.1K690.6K-4.2K0.00155.15N/AN/A2509161,640