FN Options History — July 2012

In July 2012, FN traded between $10.98 and $13.28. ATM implied volatility averaged 56.1%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 3.6% (HV 20d: 52.5%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days.

Notable Days

  • 2012-07-23: Highest Volume — 42 contracts
  • 2012-07-23: Largest IV spike — 21.9% change
  • 2012-07-23: Highest IV Rank — 21.9%
  • 2012-07-23: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.97$10.98$13.28$12.22$13.28
Max Pain$10.47$10.00$12.50$12.50$10.00
ATM IV56.1%48.1%68.4%50.3%58.8%
Expected Move16.3%13.8%19.6%14.4%16.9%
HV 20d52.5%47.9%60.0%60.0%48.4%
HV 60d63.6%62.2%65.2%63.6%65.0%
IV Rank13.9%8.7%21.9%10.1%15.6%
IV Percentile37.5%5.7%65.8%11.5%50.4%
Term Structure1.5%-2.9%5.0%3.1%-1.0%
VWIV64.3%60.2%68.7%60.2%64.1%
Skew 25d9.3%-4.4%22.1%4.6%3.4%
Skew 10d15.3%-1.7%30.5%7.5%7.4%
Call IV 25d48.6%38.6%60.1%47.7%48.8%
Put IV 25d57.9%46.0%67.9%52.3%52.1%
Bid-Ask Spread %67.5234.96120.49114.2773.72
Gamma HHI0.290.240.390.320.25
Net GEX-3.7K-4.3K-2.8K-3.6K-4.3K
Net DEX298.9K263.9K331.0K280.7K263.9K
Net VEX-899-1.1K-663-1.1K-970
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume4.47604200
Total OI755.19585828818627

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-07-02$12.22$12.5050.3%14.4%60.0%10.1%0.0%4.6%3.1%-3.6K280.7K-1.1K0.00114.2700373445
2012-07-03$12.41$12.5048.1%13.8%56.6%8.7%0.0%3.8%5.0%-3.5K271.9K-1.1K0.00118.6900373445
2012-07-05$12.86$12.5049.6%14.2%55.2%9.6%0.0%9.1%2.9%-3.5K269.4K-1.1K0.00120.4900373445
2012-07-06$12.56$0.0052.9%15.9%55.3%11.8%0.0%22.1%-1.0%-3.6K276.5K-1.1K0.0096.9500373445
2012-07-09$12.25$0.0053.1%16.2%55.7%12.0%0.0%19.5%1.7%-3.7K278.1K-1.0K0.0089.5700373445
2012-07-10$12.16$0.0049.9%16.0%55.3%9.8%0.0%13.2%3.3%-3.9K296.2K-9840.0091.4900373445
2012-07-11$12.13$0.0053.4%16.0%52.8%12.2%0.0%15.0%0.9%-4.1K295.3K-9900.0061.6900373445
2012-07-12$11.58$0.0056.9%16.3%53.8%14.4%60.2%11.7%0.6%-3.7K312.3K-8600.0055.04010373445
2012-07-13$11.36$10.0054.2%15.5%53.9%12.6%0.0%5.2%3.7%-3.7K317.8K-8340.0057.2100373455
2012-07-16$11.15$10.0060.1%17.2%49.5%16.5%0.0%6.3%2.3%-3.6K327.5K-7550.0037.2100373455
2012-07-17$11.13$10.0060.4%17.3%49.3%16.7%0.0%6.5%2.2%-3.6K331.0K-7470.0037.2200373455
2012-07-18$11.53$10.0055.3%15.9%50.9%13.4%0.0%13.7%2.4%-3.1K326.3K-8070.0034.9600373455
2012-07-19$11.67$10.0055.6%15.9%50.9%13.6%0.0%7.8%2.7%-3.2K325.5K-8050.0061.9400373455
2012-07-20$11.36$10.0056.1%16.1%50.0%13.9%0.0%4.9%1.3%-3.0K328.8K-7490.0039.3100373455
2012-07-23$10.98$10.0068.4%19.6%48.9%21.9%68.7%12.5%-2.9%-2.8K305.3K-6630.0037.49042193392
2012-07-24$11.13$10.0064.0%18.4%47.9%19.0%64.1%3.8%1.7%-3.7K314.9K-7120.0039.74040193434
2012-07-25$11.50$10.0060.1%17.2%49.2%16.5%0.0%10.1%-2.2%-3.9K309.5K-7750.0043.0700193434
2012-07-26$11.97$10.0057.0%16.3%51.1%14.5%0.0%-4.4%0.3%-4.1K301.8K-8140.0070.4002193434
2012-07-27$12.91$10.0057.6%16.5%57.4%14.9%0.0%14.8%0.8%-4.2K275.8K-9410.0071.7300193434
2012-07-30$13.20$10.0055.9%16.0%49.6%13.7%0.0%12.1%2.9%-4.3K268.4K-9550.0065.6500193434
2012-07-31$13.28$10.0058.8%16.9%48.4%15.6%0.0%3.4%-1.0%-4.3K263.9K-9700.0073.7200193434