FG Options History — July 2023

In July 2023, FG traded between $23.02 and $26.65. ATM implied volatility averaged 40.5%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 6.8% (HV 20d: 47.3%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 2.53.

Notable Days

2023-07-21: Highest Volume — 73 contracts
2023-07-17: Largest IV drop — 41.3% change
2023-07-14: Highest IV Rank — 21.6%
2023-07-14: Largest Expected Move — 18.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.90	$23.02	$26.65	$24.41	$26.26
Max Pain	$22.25	$20.00	$22.50	$20.00	$22.50
ATM IV	40.5%	32.1%	64.1%	36.0%	47.4%
Expected Move	11.6%	9.2%	18.4%	10.3%	13.6%
HV 20d	47.3%	30.9%	56.5%	53.6%	31.4%
HV 60d	60.6%	59.6%	61.7%	60.0%	59.7%
IV Rank	13.4%	10.5%	21.6%	11.8%	15.8%
IV Percentile	35.8%	16.3%	81.3%	25.8%	53.6%
Term Structure	4.3%	-15.2%	23.2%	-3.9%	-1.5%
VWIV	45.8%	34.1%	57.7%	50.8%	34.1%
Skew 25d	7.0%	-12.3%	28.6%	0.8%	19.2%
Skew 10d	18.9%	-6.5%	75.1%	-1.1%	75.1%
Call IV 25d	39.3%	21.9%	52.6%	36.1%	43.9%
Put IV 25d	46.3%	25.9%	67.3%	36.9%	63.1%
Bid-Ask Spread %	123.18	112.83	144.53	124.53	120.70
Gamma HHI	0.33	0.21	0.52	0.38	0.21
Net GEX	6.5K	2.2K	10.3K	8.1K	3.1K
Net DEX	-581.7K	-766.7K	-345.2K	-697.7K	-367.8K
Net VEX	-987	-1.4K	-652	-1.0K	-984
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.53	0.00	18.00	0.00	0.00
Total Volume	6.9	0	73	0	0
Total OI	651.05	336	782	780	359

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-07-03	$24.41	$20.00	36.0%	10.3%	53.6%	11.8%	0.0%	0.8%	-3.9%	8.1K	-697.7K	-1.0K	0.00	124.53	N/A	N/A	0	0	357	423
2023-07-05	$23.96	$20.00	32.1%	9.2%	54.2%	10.5%	0.0%	-0.1%	8.3%	9.6K	-629.8K	-1.2K	0.00	121.73	N/A	N/A	0	5	358	423
2023-07-06	$23.02	$22.50	43.6%	13.6%	56.5%	14.4%	0.0%	-12.3%	-15.2%	8.0K	-514.5K	-1.4K	0.00	128.00	N/A	N/A	0	0	358	418
2023-07-07	$23.82	$22.50	35.4%	10.2%	53.9%	11.6%	0.0%	28.6%	8.1%	10.3K	-627.9K	-1.1K	0.00	120.18	N/A	N/A	1	0	358	418
2023-07-10	$24.05	$22.50	41.3%	11.7%	53.5%	13.6%	0.0%	3.8%	8.1%	9.8K	-666.4K	-976	0.00	119.83	N/A	N/A	0	0	358	419
2023-07-11	$24.23	$22.50	41.3%	11.4%	52.1%	13.6%	0.0%	12.6%	6.0%	9.4K	-657.3K	-1.1K	0.00	117.06	N/A	N/A	0	0	358	419
2023-07-12	$24.46	$22.50	43.3%	12.4%	50.2%	14.3%	0.0%	15.9%	-4.1%	8.8K	-682.9K	-1.0K	0.00	125.23	N/A	N/A	2	0	358	419
2023-07-13	$24.37	$22.50	49.8%	14.3%	49.8%	16.6%	0.0%	19.1%	6.8%	8.9K	-629.4K	-1.1K	0.00	135.80	N/A	N/A	6	0	358	419
2023-07-14	$23.75	$22.50	64.1%	18.4%	50.6%	21.6%	0.0%	1.4%	-7.6%	9.2K	-553.6K	-1.3K	0.00	144.53	N/A	N/A	1	0	355	419
2023-07-17	$24.66	$22.50	37.6%	10.8%	49.2%	12.4%	0.0%	-1.9%	1.1%	8.0K	-691.5K	-1.0K	18.00	129.40	N/A	N/A	1	18	355	419
2023-07-18	$25.12	$22.50	43.2%	12.4%	48.9%	14.3%	0.0%	8.2%	1.2%	6.7K	-747.8K	-805	12.00	117.87	N/A	N/A	1	12	356	422
2023-07-19	$25.32	$22.50	35.6%	10.2%	48.9%	11.7%	0.0%	0.8%	-4.8%	5.9K	-745.3K	-889	0.33	119.22	N/A	N/A	6	2	358	422
2023-07-20	$25.22	$22.50	36.9%	10.6%	48.8%	12.1%	50.8%	-3.4%	23.2%	5.9K	-740.1K	-896	0.00	116.09	N/A	N/A	2	0	358	424
2023-07-21	$25.36	$22.50	36.1%	10.4%	48.4%	11.8%	40.6%	-4.1%	13.9%	2.2K	-766.7K	-867	0.00	121.64	N/A	N/A	73	0	358	424
2023-07-24	$25.68	$22.50	33.8%	9.7%	46.3%	11.0%	0.0%	11.2%	3.4%	2.4K	-356.8K	-718	0.00	112.83	N/A	N/A	2	0	184	152
2023-07-25	$25.61	$22.50	41.7%	12.0%	46.5%	13.8%	57.7%	10.3%	12.5%	3.0K	-345.2K	-1.0K	0.00	114.23	N/A	N/A	5	0	206	152
2023-07-26	$25.78	$22.50	33.8%	9.7%	36.6%	11.0%	34.1%	21.6%	16.0%	3.3K	-382.6K	-809	0.00	132.06	N/A	N/A	1	0	207	152
2023-07-27	$26.20	$22.50	37.8%	10.8%	35.9%	12.4%	0.0%	10.2%	8.5%	3.4K	-398.9K	-767	0.00	121.83	N/A	N/A	0	0	207	152
2023-07-28	$26.65	$22.50	39.8%	11.4%	30.9%	13.1%	0.0%	-1.4%	5.0%	3.5K	-430.8K	-652	0.00	120.86	N/A	N/A	0	0	207	152
2023-07-31	$26.26	$22.50	47.4%	13.6%	31.4%	15.8%	0.0%	19.2%	-1.5%	3.1K	-367.8K	-984	0.00	120.70	N/A	N/A	0	0	207	152