FN Options History — March 2012

In March 2012, FN traded between $15.89 and $19.42. ATM implied volatility averaged 48.1%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 7.2% (HV 20d: 55.2%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-03-07: Highest Volume — 76 contracts
  • 2012-03-28: Largest IV spike — 45.7% change
  • 2012-03-19: Highest IV Rank — 11.7%
  • 2012-03-06: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.96$15.89$19.42$18.60$17.71
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV48.1%34.8%55.8%51.5%48.5%
Expected Move14.4%10.1%16.0%14.8%13.9%
HV 20d55.2%48.0%62.2%52.6%58.9%
HV 60d50.7%45.5%52.9%45.5%49.5%
IV Rank6.0%0.0%11.7%4.4%8.9%
IV Percentile5.3%0.0%17.5%17.5%4.2%
Term Structure2.2%-0.3%10.7%2.5%2.4%
VWIV47.2%38.9%56.0%56.0%41.1%
Skew 25d7.3%-2.8%24.4%2.6%24.4%
Skew 10d16.4%-1.7%36.7%4.3%36.7%
Call IV 25d45.9%32.6%52.6%48.2%32.6%
Put IV 25d53.2%37.8%59.6%50.8%57.0%
Bid-Ask Spread %57.4526.16111.3428.8393.93
Gamma HHI0.390.370.430.390.39
Net GEX2.7K-2.0K11.0K5.7K-1.4K
Net DEX11.8K-155.7K193.7K-106.8K79.5K
Net VEX-2.2K-2.6K-1.7K-2.6K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume7.227076010
Total OI919.909871958871924

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-03-01$18.60$17.5051.5%14.8%52.6%0.0%0.0%2.6%2.5%5.7K-106.8K-2.6K0.0028.8300456415
2012-03-02$17.87$17.5049.6%14.2%54.4%0.0%0.0%7.7%3.3%3.2K-12.5K-2.4K0.0042.3000456415
2012-03-05$17.21$17.5050.8%15.1%54.7%0.0%0.0%3.3%0.2%1.1K65.8K-2.3K0.0047.9500456415
2012-03-06$15.89$17.5055.8%16.0%61.0%4.4%0.0%3.8%1.0%-1.6K193.7K-1.9K0.0032.2503456415
2012-03-07$16.11$17.5052.6%15.9%55.1%2.2%56.0%5.3%0.6%-1.6K191.7K-1.9K0.0037.16076456417
2012-03-08$16.49$17.5048.7%15.0%48.0%0.0%0.0%1.2%1.1%-2.0K183.3K-2.3K0.0039.52010456492
2012-03-09$17.27$17.5048.5%15.0%48.8%0.0%0.0%2.8%0.9%-27999.9K-2.4K0.0049.9030456502
2012-03-12$17.88$17.5048.1%15.3%50.0%0.0%0.0%7.6%0.2%1.2K31.3K-2.5K0.0036.5300456502
2012-03-13$18.82$17.5034.8%14.6%53.4%0.0%0.0%5.6%0.3%5.9K-98.9K-2.6K0.0026.1600456502
2012-03-14$18.53$17.5037.1%15.2%53.5%1.5%0.0%5.3%0.8%4.8K-59.2K-2.5K0.0028.8900456502
2012-03-15$19.24$17.5051.1%14.7%54.7%10.7%0.0%4.3%-0.2%8.4K-155.7K-2.5K0.0032.2600456502
2012-03-16$18.64$17.5052.7%15.1%53.9%11.7%0.0%5.3%1.4%5.3K-66.3K-2.5K0.0036.1600456502
2012-03-19$18.68$17.5052.7%15.1%53.8%11.7%52.4%4.2%-0.3%5.7K-71.9K-2.4K0.0036.02010443486
2012-03-20$18.11$17.5052.3%15.0%55.1%11.4%0.0%5.2%0.4%3.2K7.7K-2.3K0.0044.8300443486
2012-03-21$18.09$17.5047.8%13.7%55.1%8.5%38.9%14.6%3.6%2.9K15.4K-2.3K0.0073.22270443486
2012-03-22$17.84$17.5049.6%14.2%54.4%9.7%47.8%13.5%3.0%-15958.8K-2.1K0.0076.6403424486
2012-03-23$18.40$17.5049.5%14.2%55.4%9.6%0.0%14.1%0.4%3.5K4.0K-2.2K0.0091.2500424483
2012-03-26$19.42$17.5038.7%11.1%58.6%2.6%41.1%8.6%7.5%11.0K-135.6K-2.1K0.00105.5260424483
2012-03-27$18.52$17.5035.1%10.1%60.9%0.2%0.0%-2.8%10.7%4.5K-45.0K-1.9K0.00111.3400430483
2012-03-28$17.80$17.5051.1%14.6%62.2%10.6%0.0%11.7%3.1%87729.4K-1.7K0.0094.43011430483
2012-03-29$17.91$17.5050.7%14.6%60.5%10.4%0.0%11.5%6.2%-5951.3K-1.9K0.0098.8300430494
2012-03-30$17.71$17.5048.5%13.9%58.9%8.9%0.0%24.4%2.4%-1.4K79.5K-1.9K0.0093.93100430494