FN Options History — September 2012

In September 2012, FN traded between $11.44 and $12.74. ATM implied volatility averaged 52.7%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 13.7% (HV 20d: 39.0%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-09-10: Highest Volume — 175 contracts
  • 2012-09-10: Largest IV spike — 11.1% change
  • 2012-09-26: Highest IV Rank — 14.9%
  • 2012-09-26: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.09$11.44$12.74$11.95$11.59
Max Pain$14.74$12.50$17.50$12.50$15.00
ATM IV52.7%50.5%56.1%53.6%53.1%
Expected Move15.1%14.5%16.0%15.4%15.2%
HV 20d39.0%32.6%44.7%43.8%38.3%
HV 60d46.9%43.8%49.1%49.1%43.8%
IV Rank12.4%10.3%14.9%12.3%13.0%
IV Percentile27.4%14.3%47.2%30.6%32.5%
Term Structure5.0%1.3%11.4%1.7%4.9%
VWIV53.5%52.8%54.0%52.8%53.6%
Skew 25d3.7%-10.8%19.8%-2.2%-8.1%
Skew 10d6.0%-9.1%24.4%-1.3%-5.9%
Call IV 25d44.8%33.4%52.7%51.3%50.6%
Put IV 25d48.5%41.6%57.8%49.1%42.6%
Bid-Ask Spread %87.0344.23101.19100.5744.37
Gamma HHI0.630.490.780.490.64
Net GEX3.7K1.6K8.4K1.6K2.9K
Net DEX210.6K124.9K276.1K219.9K261.5K
Net VEX-662-829-514-690-617
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume18.895017500
Total OI814.474741904783782

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-09-04$11.95$12.5053.6%15.4%43.8%12.3%0.0%-2.2%1.7%1.6K219.9K-6900.00100.5700412371
2012-09-05$11.97$12.5055.7%16.0%42.6%13.6%0.0%-1.4%1.3%1.6K217.4K-6910.00101.1900412371
2012-09-06$12.53$12.5051.3%14.7%43.5%10.8%0.0%4.9%3.6%1.9K188.3K-7110.00100.0720412371
2012-09-07$12.31$17.5050.5%15.8%44.0%10.3%0.0%19.8%2.3%2.0K199.3K-7040.0091.9300414371
2012-09-10$12.06$17.5056.1%15.1%44.7%14.0%52.8%13.5%6.2%2.3K223.6K-6110.0090.191750414371
2012-09-11$12.00$12.5053.4%15.5%44.6%13.0%54.0%13.3%5.4%5.0K172.6K-8290.0093.33660533371
2012-09-12$12.01$15.0053.3%15.0%42.6%12.9%0.0%-0.8%5.8%3.7K203.6K-7080.0096.9700471371
2012-09-13$12.08$15.0052.5%15.1%40.0%12.3%0.0%15.7%6.1%3.9K205.8K-7030.0092.26100471371
2012-09-14$12.74$15.0051.8%14.9%38.6%12.1%0.0%12.7%5.9%4.8K124.9K-7690.0097.5300481371
2012-09-17$12.62$15.0050.5%14.5%36.7%11.2%0.0%10.3%11.4%5.8K146.4K-7020.0098.7400481371
2012-09-18$12.66$15.0051.1%14.6%36.0%11.6%0.0%8.6%6.8%6.6K133.8K-6950.0098.7900481371
2012-09-19$12.40$15.0050.9%14.6%33.2%11.4%0.0%6.1%6.8%8.4K170.9K-6570.0097.8200481371
2012-09-20$12.18$15.0051.4%14.7%33.6%11.8%0.0%-0.1%6.7%7.4K216.3K-6100.0094.14020481371
2012-09-21$11.84$15.0052.5%15.1%32.6%12.6%0.0%-4.9%5.7%2.3K276.1K-5980.00100.5800481391
2012-09-24$11.44$15.0052.5%15.1%34.6%12.6%0.0%5.6%1.3%2.4K265.2K-5140.0095.46030378363
2012-09-25$11.81$15.0051.5%14.8%36.7%11.9%0.0%-7.0%6.8%2.6K259.6K-5940.0057.8300378393
2012-09-26$11.65$15.0055.8%16.0%36.9%14.9%0.0%-10.8%1.5%2.3K260.5K-5860.0057.6300378393
2012-09-27$11.89$15.0053.6%15.4%37.5%13.3%53.6%-4.2%4.0%2.6K255.9K-5930.0044.23056378393
2012-09-28$11.59$15.0053.1%15.2%38.3%13.0%0.0%-8.1%4.9%2.9K261.5K-6170.0044.3700378404