FG Options History — February 2024

In February 2024, FG traded between $37.70 and $46.73. ATM implied volatility averaged 45.1%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 4.6% (HV 20d: 40.6%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.56.

Notable Days

2024-02-23: Highest Volume — 59 contracts
2024-02-07: Largest IV drop — 20.7% change
2024-02-06: Highest IV Rank — 21.1%
2024-02-13: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.17	$37.70	$46.73	$44.55	$37.70
Max Pain	$44.00	$40.00	$45.00	$45.00	$40.00
ATM IV	45.1%	35.8%	56.7%	50.8%	41.8%
Expected Move	12.4%	10.3%	14.0%	11.7%	12.0%
HV 20d	40.6%	30.9%	51.9%	33.5%	50.7%
HV 60d	41.1%	35.8%	46.9%	46.9%	43.0%
IV Rank	13.5%	7.3%	21.1%	17.2%	11.3%
IV Percentile	53.6%	25.4%	77.0%	69.0%	45.2%
Term Structure	-5.6%	-19.4%	5.9%	-3.5%	-9.4%
VWIV	45.7%	34.5%	58.8%	58.8%	49.6%
Skew 25d	4.8%	-10.6%	35.7%	3.9%	-5.7%
Skew 10d	13.4%	-4.8%	35.4%	-3.9%	35.4%
Call IV 25d	41.9%	35.4%	59.5%	35.6%	44.7%
Put IV 25d	46.8%	39.0%	77.1%	39.6%	39.0%
Bid-Ask Spread %	101.90	83.94	114.39	96.42	109.70
Gamma HHI	0.31	0.24	0.40	0.30	0.39
Net GEX	-924	-19.8K	12.0K	-210	-19.8K
Net DEX	-55.3K	-512.3K	646.2K	-194.3K	646.2K
Net VEX	-5.7K	-6.6K	-4.4K	-6.6K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.56	0.00	10.80	0.00	0.17
Total Volume	8.2	0	59	2	7
Total OI	920.65	810	974	959	900

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
2024-02-01	$44.55	$45.00	50.8%	11.7%	33.5%	17.2%	0.0%	3.9%	-3.5%	-210	-194.3K	-6.6K	0.00	96.42	N/A	N/A	2	0	417	542
2024-02-02	$44.84	$45.00	47.1%	12.9%	33.1%	14.7%	0.0%	1.5%	-8.5%	2.4K	-265.4K	-6.4K	0.00	105.79	N/A	N/A	4	0	417	542
2024-02-05	$44.51	$45.00	54.6%	12.7%	33.1%	19.7%	0.0%	7.5%	-6.8%	-519	-176.9K	-6.4K	0.00	98.72	N/A	N/A	0	0	421	542
2024-02-06	$44.91	$45.00	56.7%	11.1%	33.1%	21.1%	0.0%	7.3%	-0.2%	2.6K	-244.7K	-6.3K	0.33	95.77	N/A	N/A	3	1	421	542
2024-02-07	$45.84	$45.00	45.0%	12.9%	31.9%	13.4%	0.0%	11.4%	-8.9%	6.4K	-360.2K	-6.2K	0.00	101.87	N/A	N/A	1	0	424	543
2024-02-08	$45.31	$45.00	43.3%	12.4%	30.9%	12.2%	0.0%	5.6%	-6.0%	6.6K	-339.8K	-6.2K	0.00	98.87	N/A	N/A	1	0	425	543
2024-02-09	$46.48	$45.00	42.7%	12.2%	31.5%	11.8%	0.0%	7.4%	-7.0%	9.1K	-432.4K	-6.2K	0.00	104.07	N/A	N/A	1	0	426	543
2024-02-12	$46.73	$45.00	43.3%	12.4%	31.5%	12.3%	0.0%	-0.2%	-4.4%	12.0K	-512.3K	-6.1K	2.00	101.10	N/A	N/A	1	2	427	543
2024-02-13	$43.31	$45.00	48.9%	14.0%	42.6%	15.9%	0.0%	11.8%	-5.8%	-6.2K	-64.4K	-6.1K	0.00	100.03	N/A	N/A	2	0	427	545
2024-02-14	$44.25	$45.00	43.7%	12.5%	43.0%	12.5%	0.0%	5.2%	-2.0%	-2.4K	-160.0K	-6.1K	0.00	100.71	N/A	N/A	0	0	429	545
2024-02-15	$44.75	$45.00	48.0%	13.8%	43.1%	15.3%	58.8%	35.7%	-19.4%	1.8K	-221.7K	-6.0K	0.00	107.89	N/A	N/A	3	0	429	545
2024-02-16	$44.57	$45.00	45.3%	13.0%	42.7%	13.5%	0.0%	5.9%	-7.0%	8.8K	-296.1K	-5.7K	0.00	114.39	N/A	N/A	1	0	429	545
2024-02-20	$44.60	$45.00	47.2%	13.5%	38.5%	14.8%	56.7%	0.5%	-10.4%	8.4K	-280.4K	-5.8K	0.50	88.02	N/A	N/A	2	1	401	409
2024-02-21	$44.11	$45.00	44.1%	12.6%	38.5%	12.8%	42.5%	-10.6%	-4.1%	6.3K	-162.5K	-5.6K	0.00	83.94	N/A	N/A	2	0	403	410
2024-02-22	$39.94	$45.00	39.9%	11.4%	51.9%	10.0%	36.9%	1.4%	-2.0%	-8.0K	362.4K	-4.7K	0.67	97.93	N/A	N/A	15	10	405	410
2024-02-23	$40.50	$45.00	41.0%	11.8%	49.8%	10.8%	40.9%	-7.5%	5.9%	-4.3K	219.5K	-5.0K	10.80	106.24	N/A	N/A	5	54	404	410
2024-02-26	$40.09	$40.00	35.8%	10.3%	49.8%	7.3%	34.5%	4.7%	0.1%	-9.4K	295.1K	-4.8K	6.50	107.03	N/A	N/A	2	13	405	464
2024-02-27	$38.14	$40.00	41.5%	11.9%	51.0%	11.1%	49.6%	4.6%	-5.7%	-15.1K	499.6K	-4.6K	5.50	111.62	N/A	N/A	4	22	406	476
2024-02-28	$38.21	$40.00	42.2%	12.1%	51.2%	11.6%	0.0%	6.4%	-7.1%	-17.0K	582.2K	-4.6K	0.00	107.96	N/A	N/A	0	5	404	494
2024-02-29	$37.70	$40.00	41.8%	12.0%	50.7%	11.3%	0.0%	-5.7%	-9.4%	-19.8K	646.2K	-4.4K	0.17	109.70	N/A	N/A	6	1	404	496