FN Options History — December 2012

In December 2012, FN traded between $11.83 and $13.14. ATM implied volatility averaged 47.0%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 9.3% (HV 20d: 37.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-12-20: Highest Volume — 3 contracts
  • 2012-12-13: Largest IV spike — 33.4% change
  • 2012-12-04: Highest IV Rank — 19.9%
  • 2012-12-04: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.43$11.83$13.14$12.26$13.14
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV47.0%36.7%50.5%50.2%49.0%
Expected Move13.9%12.9%14.5%14.4%14.0%
HV 20d37.7%21.7%104.8%104.8%21.8%
HV 60d70.2%69.1%71.6%71.6%69.1%
IV Rank15.5%2.5%19.9%19.5%18.0%
IV Percentile10.8%1.2%20.6%16.7%15.9%
Term Structure4.3%-0.6%8.1%-0.4%1.3%
Skew 25d8.1%-2.6%21.0%1.1%21.0%
Skew 10d11.5%-0.8%40.4%2.5%40.4%
Call IV 25d39.5%32.0%47.5%46.4%36.1%
Put IV 25d47.6%39.0%57.1%47.4%57.1%
Bid-Ask Spread %73.1451.37101.3269.9852.01
Gamma HHI0.430.330.630.400.33
Net GEX108-1.0K2.1K-151-971
Net DEX9.1K-61.4K49.6K15.2K-18.3K
Net VEX-516-627-402-627-402
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.30300
Total OI394.65339416413339

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-12-03$12.26$12.5050.2%14.4%104.8%19.5%0.0%1.1%-0.4%-15115.2K-6270.0069.9800149264
2012-12-04$12.27$12.5050.5%14.5%104.8%19.9%0.0%16.0%-0.1%-9813.6K-6220.00100.0900149264
2012-12-05$12.04$12.5050.3%14.4%38.2%19.7%0.0%0.1%-0.6%-16828.1K-6200.0055.8400149264
2012-12-06$12.05$12.5046.6%13.3%37.6%14.9%0.0%-0.3%3.0%-1327.9K-6090.00101.3200149264
2012-12-07$11.97$12.5047.3%13.8%35.0%15.8%0.0%12.0%6.5%-9335.6K-5930.0061.5500149264
2012-12-10$11.86$12.5040.9%14.0%35.1%7.7%0.0%11.5%7.5%6940.0K-5640.0091.5200149264
2012-12-11$11.87$12.5042.7%14.2%35.1%10.1%0.0%11.6%4.4%8539.8K-5530.0063.5400149264
2012-12-12$11.83$12.5036.7%14.1%34.6%2.5%0.0%10.9%6.2%26849.6K-5330.0063.9700149264
2012-12-13$12.01$12.5049.0%14.1%35.0%18.1%0.0%-1.5%6.3%38234.3K-5450.0096.7300149264
2012-12-14$11.91$12.5048.0%13.8%34.3%16.8%0.0%-2.6%7.8%47749.2K-5180.0071.9700149264
2012-12-17$12.07$12.5049.7%14.2%31.6%18.9%0.0%-0.7%6.3%93840.7K-4890.0094.4800149264
2012-12-18$12.46$12.5048.1%13.8%32.6%17.0%0.0%4.0%7.9%1.7K7.7K-4870.0095.1700149264
2012-12-19$12.57$12.5047.9%13.7%32.2%16.7%0.0%5.1%6.1%2.1K-9.6K-5000.0069.8200149264
2012-12-20$13.02$12.5050.1%14.4%25.9%19.4%0.0%15.6%4.7%985-51.9K-4870.0069.1530149264
2012-12-21$13.06$12.5047.1%13.5%25.9%15.7%0.0%11.6%8.1%568-61.4K-4700.0070.8530152264
2012-12-24$13.07$12.5046.6%13.3%24.6%14.9%0.0%11.9%4.6%-1.0K-17.4K-4410.0073.9400110229
2012-12-26$13.01$12.5045.8%13.1%21.8%14.0%0.0%9.8%2.2%-998-11.9K-4250.0054.6200110229
2012-12-27$13.06$12.5049.1%14.1%21.7%18.1%0.0%15.0%0.5%-981-16.6K-4220.0051.3700110229
2012-12-28$12.97$12.5045.0%12.9%21.7%13.0%0.0%10.5%3.9%-986-13.1K-4070.0054.8100110229
2012-12-31$13.14$12.5049.0%14.0%21.8%18.0%0.0%21.0%1.3%-971-18.3K-4020.0052.0100110229