FG Options History — January 2024

In January 2024, FG traded between $41.16 and $47.36. ATM implied volatility averaged 35.9%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 0.5% (HV 20d: 36.4%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 10.63.

Notable Days

  • 2024-01-18: Highest Volume — 126 contracts
  • 2024-01-09: Largest IV spike — 50.4% change
  • 2024-01-31: Highest IV Rank — 16.6%
  • 2024-01-31: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.11$41.16$47.36$45.70$45.34
Max Pain$40.48$40.00$45.00$45.00$40.00
ATM IV35.9%25.7%50.0%34.2%50.0%
Expected Move10.6%7.4%14.3%9.8%14.3%
HV 20d36.4%30.4%43.4%40.6%36.1%
HV 60d47.0%46.0%48.1%46.0%47.1%
IV Rank7.2%0.4%16.6%3.6%16.6%
IV Percentile24.1%0.4%66.3%15.5%66.3%
Term Structure3.5%-26.6%16.3%10.9%-6.6%
VWIV40.0%32.3%56.6%34.4%33.4%
Skew 25d4.3%-8.0%17.2%-2.1%8.9%
Skew 10d8.1%-6.2%26.6%-6.2%26.6%
Call IV 25d35.3%26.9%48.1%31.4%42.8%
Put IV 25d39.6%29.3%51.7%29.3%51.7%
Bid-Ask Spread %91.6580.03111.7396.70111.73
Gamma HHI0.290.250.380.270.27
Net GEX6.1K-10.7K23.5K23.4K3.4K
Net DEX-93.2K-838.4K449.8K-838.4K-319.2K
Net VEX-6.3K-7.1K-5.4K-7.1K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.630.00125.000.000.00
Total Volume23.19012630
Total OI1,123.3339191,3871,159959

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$45.70$45.0034.2%9.8%40.6%3.6%34.4%-2.1%10.9%23.4K-838.4K-7.1K0.0096.70N/AN/A30630529
2024-01-03$43.89$45.0025.7%7.4%43.4%0.4%0.0%7.6%16.3%23.5K-453.5K-6.9K0.00102.90N/AN/A50632529
2024-01-04$43.25$40.0028.3%11.8%43.3%1.4%37.2%2.8%0.3%9.5K-232.0K-6.8K29.0080.03N/AN/A129630529
2024-01-05$42.94$40.0027.8%9.7%41.2%2.0%0.0%10.4%2.3%12.7K-72.4K-6.5K0.0090.22N/AN/A0100631556
2024-01-08$43.27$40.0028.6%9.7%40.0%2.6%40.7%17.2%4.6%14.7K-89.4K-6.4K6.0084.15N/AN/A16631556
2024-01-09$42.12$40.0043.0%12.2%39.2%12.1%48.1%-3.0%6.0%7.0K205.8K-6.2K0.1388.40N/AN/A385634561
2024-01-10$41.16$40.0044.4%12.7%38.1%13.0%45.2%8.1%2.3%1.0K448.4K-5.7K9.3391.83N/AN/A656654557
2024-01-11$41.83$40.0036.4%10.4%35.6%7.7%32.3%4.8%5.5%-1.7K418.4K-5.7K0.0084.46N/AN/A30654608
2024-01-12$42.19$40.0039.0%11.2%35.7%9.4%39.3%6.8%0.7%-644415.8K-5.7K0.4083.24N/AN/A156656608
2024-01-16$41.92$40.0039.4%11.3%34.8%9.7%0.0%-0.3%-2.3%-4.1K449.8K-5.4K0.2584.92N/AN/A205646609
2024-01-17$42.42$40.0038.6%11.1%32.6%9.2%0.0%3.7%-1.1%4.1K232.8K-5.6K0.0084.09N/AN/A10663611
2024-01-18$42.67$40.0035.1%10.1%30.7%6.9%0.0%3.8%9.7%6.1K156.5K-5.5K125.0083.03N/AN/A1125664611
2024-01-19$43.50$40.0033.3%9.6%30.4%5.7%56.6%4.0%9.0%-10.7K398.0K-6.5K0.0089.43N/AN/A01665722
2024-01-22$45.76$40.0033.1%9.5%35.8%5.5%33.1%4.0%5.9%450-244.2K-6.4K0.0283.03N/AN/A421379540
2024-01-23$45.31$40.0032.7%9.4%34.8%5.3%0.0%-8.0%6.2%1.2K-259.8K-6.5K0.0092.60N/AN/A110406542
2024-01-24$45.38$40.0036.3%10.4%34.7%7.7%0.0%6.7%5.0%2.7K-247.3K-6.6K0.0096.64N/AN/A00415542
2024-01-25$47.14$40.0034.5%9.9%33.8%6.5%33.4%2.7%5.5%9.6K-507.6K-6.4K0.0097.69N/AN/A20415542
2024-01-26$46.53$40.0032.3%9.3%34.1%5.0%0.0%2.5%5.9%7.2K-414.2K-6.3K0.0093.04N/AN/A10415542
2024-01-29$47.36$40.0046.8%13.4%34.3%14.6%0.0%7.6%-26.6%9.1K-549.7K-6.3K0.00109.57N/AN/A30416542
2024-01-30$46.72$40.0033.4%9.6%34.7%5.7%0.0%2.9%14.4%9.3K-455.5K-6.2K0.0096.98N/AN/A00417542
2024-01-31$45.34$40.0050.0%14.3%36.1%16.6%0.0%8.9%-6.6%3.4K-319.2K-6.5K0.00111.73N/AN/A00417542