FG Options History — March 2023

In March 2023, FG traded between $15.77 and $20.62. ATM implied volatility averaged 53.5%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 0.5% (HV 20d: 54.0%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 2.42.

Notable Days

  • 2023-03-06: Highest Volume — 182 contracts
  • 2023-03-10: Largest IV spike — 129.1% change
  • 2023-03-13: Highest IV Rank — 50.9%
  • 2023-03-10: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.07$15.77$20.62$20.45$17.96
Max Pain$19.35$17.50$22.50$22.50$17.50
ATM IV53.5%32.4%148.4%32.4%54.7%
Expected Move14.2%9.3%23.3%9.3%15.7%
HV 20d54.0%47.5%63.1%50.9%63.1%
HV 60d195.6%189.1%197.7%194.1%189.1%
IV Rank17.9%10.6%50.9%10.6%18.3%
IV Percentile60.7%27.0%97.6%27.8%75.4%
Term Structure-1.8%-31.6%37.2%20.0%-4.9%
VWIV49.1%27.5%75.1%34.4%27.5%
Skew 25d13.5%-21.2%39.6%39.6%22.2%
Skew 10d21.6%-42.3%94.8%94.3%2.5%
Call IV 25d38.6%26.2%59.6%38.2%28.5%
Put IV 25d52.1%38.4%77.8%77.8%50.8%
Bid-Ask Spread %116.5498.26128.57123.79119.84
Gamma HHI0.600.420.800.590.59
Net GEX-3.6K-8.0K-1.1K-2.2K-2.5K
Net DEX110.4K-22.8K242.3K-18.3K96.2K
Net VEX-1.5K-2.3K-305-308-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.420.0021.000.0010.00
Total Volume28.3041182111
Total OI413.783127583127583

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$20.45$22.5032.4%9.3%50.9%10.6%0.0%39.6%20.0%-2.2K-18.3K-3080.00123.79N/AN/A108344
2023-03-02$20.62$22.5033.8%9.7%50.9%11.0%34.4%29.5%5.3%-1.9K-22.8K-3050.00117.90N/AN/A078444
2023-03-03$20.42$22.5036.9%10.6%50.6%12.1%37.6%14.4%24.0%-2.7K-10.3K-32421.00128.57N/AN/A1218451
2023-03-06$19.56$20.0036.2%11.1%52.4%11.9%41.0%9.1%7.1%-6.0K34.7K-3091.43103.44N/AN/A751078567
2023-03-07$19.39$20.0035.0%11.2%52.4%11.5%59.2%23.6%0.4%-6.1K39.6K-1.3K1.73113.25N/AN/A1526160172
2023-03-08$19.67$20.0032.6%10.2%52.9%10.6%48.7%17.0%3.7%-8.0K20.8K-1.4K0.00105.08N/AN/A031175198
2023-03-09$19.09$20.0035.8%11.6%53.4%11.7%51.9%12.2%-5.0%-6.3K72.4K-1.5K3.31106.68N/AN/A1653175229
2023-03-10$17.42$20.0081.9%23.3%60.7%27.8%0.0%34.5%-31.6%-2.2K183.6K-1.7K0.00120.69N/AN/A10190282
2023-03-13$17.96$20.00148.4%20.4%47.8%50.9%75.1%10.1%-29.4%-4.0K164.5K-1.8K0.00115.58N/AN/A052190283
2023-03-14$18.02$20.0077.9%14.1%47.5%26.4%58.0%13.7%-3.9%-5.2K214.7K-1.9K0.00115.36N/AN/A032190335
2023-03-15$17.30$20.0061.8%17.7%48.5%20.8%0.0%20.7%-26.2%-4.1K185.5K-1.8K0.00123.01N/AN/A40190297
2023-03-16$16.81$20.0050.1%14.4%48.5%16.7%0.0%-10.3%37.2%-4.4K209.4K-1.7K0.00112.28N/AN/A30190293
2023-03-17$15.77$20.0047.9%13.7%50.4%15.9%0.0%9.0%-0.8%-3.2K239.3K-1.5K0.00118.12N/AN/A20192293
2023-03-20$15.89$20.0052.0%14.9%51.2%17.4%50.7%15.1%0.1%-3.7K242.3K-1.4K0.00112.54N/AN/A130163282
2023-03-21$16.73$17.5050.5%14.5%53.3%16.9%44.0%4.2%-5.6%-3.5K176.3K-1.7K0.00100.12N/AN/A70175282
2023-03-22$16.48$17.5049.2%14.1%53.1%16.4%0.0%-21.2%-3.5%-3.2K178.8K-1.7K0.17125.33N/AN/A61180287
2023-03-23$16.93$17.5056.8%16.3%52.5%19.0%0.0%14.4%-8.4%-2.9K151.6K-1.8K0.00126.18N/AN/A150185288
2023-03-24$17.45$17.5052.9%15.2%54.4%17.7%61.6%12.1%-4.1%-2.7K103.0K-1.9K5.00123.57N/AN/A210200288
2023-03-27$18.52$17.5048.1%13.8%59.5%16.0%44.8%14.4%-0.8%-2.3K46.7K-2.1K0.18123.25N/AN/A112202298
2023-03-28$17.48$17.5058.6%16.8%62.3%19.6%55.5%22.7%-9.0%-3.1K129.9K-1.9K0.8098.26N/AN/A2520200300
2023-03-29$17.80$17.5052.8%15.1%63.0%17.6%46.0%-6.1%-11.9%-1.4K59.0K-2.1K0.00120.61N/AN/A210225280
2023-03-30$17.97$17.5044.3%12.7%63.0%14.7%0.0%10.0%6.5%-1.1K41.2K-2.1K0.00127.04N/AN/A060243280
2023-03-31$17.96$17.5054.7%15.7%63.1%18.3%27.5%22.2%-4.9%-2.5K96.2K-2.3K10.00119.84N/AN/A110243340