FG Options History — December 2023

In December 2023, FG traded between $42.13 and $47.49. ATM implied volatility averaged 37.7%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 7.9% (HV 20d: 45.7%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.14.

Notable Days

2023-12-08: Highest Volume — 259 contracts
2023-12-13: Largest IV drop — 57.9% change
2023-12-11: Highest IV Rank — 18.4%
2023-12-26: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.37	$42.13	$47.49	$42.41	$46.30
Max Pain	$40.75	$30.00	$45.00	$35.00	$45.00
ATM IV	37.7%	27.0%	73.4%	27.0%	34.1%
Expected Move	9.2%	7.7%	10.3%	7.7%	9.8%
HV 20d	45.7%	37.2%	60.2%	60.2%	41.9%
HV 60d	46.5%	45.5%	47.7%	45.5%	46.1%
IV Rank	4.9%	0.9%	18.4%	0.9%	3.6%
IV Percentile	22.6%	0.8%	88.5%	0.8%	15.5%
Term Structure	3.2%	-10.2%	16.6%	9.7%	0.9%
VWIV	34.9%	23.8%	68.7%	68.7%	23.8%
Skew 25d	2.3%	-11.6%	8.0%	1.5%	5.3%
Skew 10d	7.8%	-28.3%	71.1%	71.1%	8.3%
Call IV 25d	34.3%	28.5%	43.9%	30.2%	30.3%
Put IV 25d	36.6%	27.6%	51.9%	31.6%	35.6%
Bid-Ask Spread %	93.90	83.47	102.31	98.63	83.47
Gamma HHI	0.45	0.25	0.86	0.86	0.26
Net GEX	25.7K	16.4K	43.3K	34.9K	22.5K
Net DEX	-1.0M	-1.6M	-510.7K	-966.6K	-1.0M
Net VEX	-6.0K	-7.4K	-3.0K	-3.1K	-7.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.00	7.93	0.07	0.00
Total Volume	36.75	0	259	0	1
Total OI	941.25	608	1,158	608	1,158

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
2023-12-01	$42.41	$35.00	27.0%	7.7%	60.2%	0.9%	0.0%	1.5%	9.7%	34.9K	-966.6K	-3.1K	0.00	98.63	N/A	N/A	0	0	466	142
2023-12-04	$42.13	$30.00	28.2%	9.5%	59.9%	1.3%	0.0%	4.2%	0.1%	33.7K	-926.8K	-3.0K	0.07	88.58	N/A	N/A	14	1	466	142
2023-12-05	$42.95	$30.00	30.3%	8.1%	58.1%	2.1%	68.7%	3.2%	6.3%	39.4K	-1.0M	-3.2K	0.00	88.29	N/A	N/A	5	0	480	143
2023-12-06	$44.56	$30.00	45.1%	8.3%	58.6%	7.7%	27.9%	4.1%	3.1%	43.3K	-1.3M	-3.3K	1.89	96.37	N/A	N/A	19	36	479	143
2023-12-07	$45.73	$30.00	33.5%	8.6%	42.5%	3.3%	25.2%	4.2%	6.2%	38.6K	-1.4M	-3.5K	0.03	90.34	N/A	N/A	118	3	486	179
2023-12-08	$44.14	$30.00	50.7%	9.2%	44.1%	9.8%	31.1%	1.3%	2.5%	42.9K	-1.3M	-4.7K	7.93	89.26	N/A	N/A	29	230	596	182
2023-12-11	$45.43	$45.00	73.4%	9.4%	42.7%	18.4%	31.1%	7.4%	5.9%	22.9K	-1.2M	-6.7K	0.00	95.87	N/A	N/A	5	0	630	412
2023-12-12	$47.16	$45.00	67.9%	9.7%	43.0%	16.3%	0.0%	5.5%	4.5%	23.9K	-1.5M	-6.5K	4.17	87.37	N/A	N/A	12	50	631	412
2023-12-13	$47.49	$45.00	28.6%	8.2%	37.2%	1.5%	32.9%	-5.8%	10.9%	19.9K	-1.6M	-7.2K	1.00	94.70	N/A	N/A	3	3	635	462
2023-12-14	$46.23	$45.00	29.9%	8.6%	38.5%	2.0%	0.0%	-11.6%	-3.0%	18.0K	-870.3K	-7.3K	0.00	101.80	N/A	N/A	1	0	550	463
2023-12-15	$44.39	$45.00	33.9%	9.7%	41.4%	3.5%	30.7%	1.0%	-1.1%	16.4K	-510.7K	-7.1K	0.00	94.35	N/A	N/A	2	0	551	463
2023-12-18	$45.67	$45.00	33.5%	9.6%	42.2%	3.3%	32.7%	-4.4%	1.9%	19.4K	-789.8K	-7.0K	0.00	94.39	N/A	N/A	7	0	543	438
2023-12-19	$46.70	$45.00	33.1%	9.5%	42.1%	3.2%	0.0%	5.8%	-10.2%	21.5K	-1.1M	-6.9K	0.00	93.60	N/A	N/A	8	0	550	438
2023-12-20	$46.28	$45.00	32.0%	9.2%	42.5%	2.7%	0.0%	-0.1%	16.6%	21.4K	-970.5K	-7.0K	4.21	102.31	N/A	N/A	19	80	553	438
2023-12-21	$45.10	$45.00	33.4%	9.6%	43.6%	3.3%	46.7%	8.0%	6.5%	16.5K	-691.0K	-7.4K	0.10	99.56	N/A	N/A	21	2	571	518
2023-12-22	$44.78	$45.00	33.0%	9.5%	43.7%	3.1%	33.0%	4.9%	7.3%	16.7K	-579.8K	-7.4K	1.67	92.09	N/A	N/A	6	10	587	518
2023-12-26	$46.78	$45.00	35.9%	10.3%	45.7%	4.2%	35.0%	3.6%	-3.4%	19.6K	-1.1M	-7.2K	0.42	94.46	N/A	N/A	24	10	591	527
2023-12-27	$46.92	$45.00	35.8%	10.3%	42.5%	4.2%	0.0%	4.4%	-2.8%	21.3K	-1.1M	-7.4K	0.00	96.61	N/A	N/A	3	0	613	527
2023-12-28	$46.30	$45.00	35.1%	10.1%	43.0%	3.9%	23.8%	4.1%	2.7%	20.4K	-1.0M	-7.3K	0.18	96.00	N/A	N/A	11	2	615	527
2023-12-29	$46.30	$45.00	34.1%	9.8%	41.9%	3.6%	0.0%	5.3%	0.9%	22.5K	-1.0M	-7.4K	0.00	83.47	N/A	N/A	1	0	629	529