FG Options History — February 2023

In February 2023, FG traded between $20.30 and $24.22. ATM implied volatility averaged 43.9%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 86.8% (HV 20d: 130.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.71.

Notable Days

  • 2023-02-10: Highest Volume — 191 contracts
  • 2023-02-24: Largest IV spike — 55.8% change
  • 2023-02-02: Highest IV Rank — 22.5%
  • 2023-02-01: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.74$20.30$24.22$21.59$20.70
Max Pain$21.45$20.00$22.50$20.00$22.50
ATM IV43.9%31.7%66.7%54.1%33.4%
Expected Move11.8%9.1%15.5%15.5%9.6%
HV 20d130.7%20.9%334.5%334.5%51.2%
HV 60d193.1%192.0%194.1%192.1%194.1%
IV Rank14.5%10.3%22.5%18.1%10.9%
IV Percentile52.4%29.0%84.5%71.4%30.6%
Term Structure-2.0%-19.9%11.7%-5.1%9.4%
VWIV43.8%32.2%59.1%50.0%36.2%
Skew 25d10.9%-27.2%28.1%-27.2%24.7%
Skew 10d17.8%-28.6%68.6%-28.6%57.3%
Call IV 25d38.0%21.3%72.9%72.9%21.3%
Put IV 25d48.8%34.6%67.2%45.7%46.0%
Bid-Ask Spread %117.91101.21134.57131.52109.13
Gamma HHI0.550.390.820.710.43
Net GEX3.1K11815.0K832841
Net DEX-71.6K-169.1K-34.2K-52.8K-39.9K
Net VEX-334-512-243-300-278
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0010.500.0010.50
Total Volume15.7890191223
Total OI134.9476628266104

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$21.59$20.0054.1%15.5%334.5%18.1%50.0%-27.2%-5.1%832-52.8K-3000.00131.52N/AN/A205214
2023-02-02$21.91$20.0066.7%11.5%315.1%22.5%0.0%26.7%1.2%1.1K-64.0K-3120.00119.83N/AN/A005714
2023-02-03$21.66$20.0049.1%9.9%315.8%16.3%59.1%27.4%-5.4%1.3K-64.7K-3050.00124.99N/AN/A015714
2023-02-06$21.63$20.0050.2%10.6%311.4%16.8%0.0%17.8%4.9%1.3K-63.1K-3040.00128.80N/AN/A005815
2023-02-07$21.46$20.0046.9%13.7%312.1%15.6%0.0%-16.0%-19.9%829-59.1K-3030.00134.57N/AN/A105915
2023-02-08$21.63$20.0031.7%9.1%312.4%10.3%0.0%21.2%10.4%1.3K-62.7K-3030.00114.84N/AN/A005915
2023-02-09$21.95$20.0038.1%10.9%20.9%12.5%47.3%12.4%-8.1%1.5K-64.8K-3050.00130.96N/AN/A305915
2023-02-10$24.22$20.0040.6%11.6%39.5%13.4%50.4%7.0%1.8%1.4K-98.7K-3080.07134.42N/AN/A178136215
2023-02-13$23.34$22.5049.2%14.1%42.5%16.4%0.0%-1.7%-3.1%15.0K-169.1K-5120.00119.16N/AN/A10023735
2023-02-14$23.02$22.5039.4%11.3%42.4%13.0%43.8%8.7%-8.7%9.8K-122.8K-4470.00105.29N/AN/A1024735
2023-02-15$22.98$22.5044.4%12.7%41.3%14.7%44.2%20.3%-5.9%12.8K-144.2K-4880.00101.21N/AN/A2024735
2023-02-16$21.96$22.5045.4%13.0%45.0%15.1%42.9%26.4%-9.7%4.0K-81.3K-4132.50105.28N/AN/A41024735
2023-02-17$21.59$22.5035.7%10.2%45.0%11.7%41.5%10.2%11.7%2.4K-76.1K-40310.00107.66N/AN/A11024926
2023-02-21$20.30$22.5042.2%12.1%50.2%14.0%39.9%-0.7%5.8%1.8K-47.3K-3200.41109.47N/AN/A1778415
2023-02-22$20.37$22.5044.9%12.9%49.9%14.9%0.0%16.6%1.0%998-34.2K-2690.00119.79N/AN/A007322
2023-02-23$21.05$22.5033.3%9.5%51.4%10.9%32.2%5.1%2.8%118-36.9K-2430.00115.72N/AN/A207322
2023-02-24$21.05$22.5051.8%14.9%51.1%17.3%0.0%-0.8%-19.9%1.4K-43.5K-2660.00115.22N/AN/A1207522
2023-02-27$20.71$22.5036.9%10.6%51.2%12.1%38.3%28.1%-1.6%693-35.8K-2750.50112.42N/AN/A217922
2023-02-28$20.70$22.5033.4%9.6%51.2%10.9%36.2%24.7%9.4%841-39.9K-27810.50109.13N/AN/A2218123