FN Options History — April 2013

In April 2013, FN traded between $13.00 and $14.40. ATM implied volatility averaged 48.1%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 4.3% (HV 20d: 43.8%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 3.01.

Notable Days

2013-04-29: Highest Volume — 145 contracts
2013-04-11: Largest IV spike — 46.1% change
2013-04-26: Highest IV Rank — 56.9%
2013-04-26: Largest Expected Move — 15.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.55	$13.00	$14.40	$14.04	$13.73
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	48.1%	34.3%	53.5%	46.8%	44.7%
Expected Move	14.3%	11.6%	15.3%	13.4%	12.8%
HV 20d	43.8%	41.1%	50.5%	42.5%	43.0%
HV 60d	44.7%	41.2%	47.0%	42.1%	41.2%
IV Rank	43.8%	10.3%	56.9%	40.8%	35.6%
IV Percentile	36.5%	2.0%	64.7%	23.0%	19.8%
Term Structure	-0.5%	-7.6%	16.4%	0.8%	16.4%
VWIV	46.3%	31.5%	60.5%	46.8%	39.3%
Skew 25d	6.1%	-6.7%	18.4%	-6.7%	5.5%
Skew 10d	10.9%	-1.9%	43.8%	-1.9%	11.0%
Call IV 25d	44.9%	32.0%	54.1%	47.1%	45.7%
Put IV 25d	51.0%	40.4%	65.5%	40.4%	51.2%
Bid-Ask Spread %	82.98	47.71	101.65	101.44	98.93
Gamma HHI	0.60	0.50	0.98	0.57	0.55
Net GEX	-1.8K	-5.6K	1.4K	-3.4K	1.4K
Net DEX	151.2K	-31.7K	274.6K	125.6K	-31.7K
Net VEX	-392	-731	-249	-635	-731
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.01	0.00	16.67	0.00	16.67
Total Volume	13.773	0	145	0	53
Total OI	434.045	130	586	546	285

Daily Data (22 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 Vol	Put Vol	Call OI	Put OI
2013-04-01	$14.04	$15.00	46.8%	13.4%	42.5%	40.8%	0.0%	-6.7%	0.8%	-3.4K	125.6K	-635	0.00	101.44	0	0	177	369
2013-04-02	$13.81	$15.00	48.4%	13.9%	42.5%	44.6%	0.0%	2.8%	-5.2%	-3.1K	146.6K	-607	0.00	94.56	0	0	177	369
2013-04-03	$13.33	$15.00	51.9%	14.9%	43.5%	53.0%	0.0%	12.4%	-0.0%	-2.2K	207.2K	-480	0.00	101.65	2	0	177	369
2013-04-04	$13.48	$15.00	48.6%	13.9%	44.0%	45.0%	0.0%	15.7%	3.5%	-2.7K	195.6K	-489	0.00	60.03	0	0	177	369
2013-04-05	$13.05	$15.00	45.5%	14.1%	41.1%	37.4%	0.0%	-3.1%	0.5%	-1.6K	235.9K	-377	0.33	48.21	3	1	177	369
2013-04-08	$13.45	$15.00	44.1%	14.5%	43.5%	34.1%	0.0%	2.0%	-0.1%	-2.4K	211.9K	-415	0.00	49.81	0	20	177	369
2013-04-09	$13.42	$15.00	36.1%	15.0%	43.4%	14.7%	0.0%	4.3%	-2.5%	-1.8K	245.6K	-315	0.00	47.71	0	0	177	389
2013-04-10	$14.40	$15.00	34.3%	13.4%	50.5%	10.3%	46.8%	15.0%	1.8%	-5.6K	131.9K	-506	0.00	47.99	0	20	177	389
2013-04-11	$14.06	$15.00	50.1%	14.4%	47.4%	48.8%	0.0%	7.2%	-1.7%	-4.9K	208.9K	-449	0.00	84.00	0	0	177	409
2013-04-12	$13.78	$15.00	46.0%	13.2%	47.4%	38.6%	0.0%	2.5%	0.8%	-3.5K	244.1K	-376	0.00	94.61	0	0	177	409
2013-04-15	$13.45	$15.00	51.6%	14.8%	42.7%	52.5%	0.0%	1.2%	-0.2%	-1.8K	269.6K	-297	0.00	86.86	0	0	177	409
2013-04-16	$13.52	$15.00	51.6%	14.8%	41.6%	52.5%	0.0%	1.7%	-1.4%	-2.0K	267.4K	-302	0.00	86.03	0	0	177	409
2013-04-17	$13.22	$15.00	52.1%	14.9%	42.0%	53.7%	53.5%	2.9%	-2.4%	-1.7K	274.6K	-275	0.00	89.31	0	16	177	409
2013-04-18	$13.00	$15.00	52.6%	15.1%	42.2%	54.7%	0.0%	-0.1%	-1.6%	-1.9K	261.8K	-249	1.00	89.54	10	10	177	393
2013-04-19	$13.02	$15.00	52.4%	15.0%	42.3%	54.3%	0.0%	15.8%	-1.2%	-1.8K	197.5K	-299	0.00	93.10	0	0	187	350
2013-04-22	$13.04	$15.00	52.8%	15.1%	42.3%	55.4%	0.0%	15.8%	-1.1%	-175	24.8K	-286	0.00	94.12	0	0	58	72
2013-04-23	$13.59	$15.00	49.3%	14.1%	45.1%	46.8%	0.0%	1.8%	2.0%	36	18.0K	-301	0.00	96.02	0	0	58	72
2013-04-24	$13.62	$15.00	52.8%	15.1%	44.7%	55.3%	0.0%	5.2%	-3.4%	-10	18.2K	-301	0.00	92.33	0	0	58	72
2013-04-25	$13.76	$15.00	40.6%	11.6%	44.9%	25.6%	31.5%	1.8%	-3.6%	144	11.9K	-302	0.00	99.59	0	16	58	72
2013-04-26	$13.50	$15.00	53.5%	15.3%	43.7%	56.9%	0.0%	18.4%	-4.2%	-579	37.8K	-302	0.00	95.15	7	0	58	88
2013-04-29	$13.91	$15.00	51.7%	14.8%	43.1%	52.8%	60.5%	11.3%	-7.6%	-231	23.0K	-325	0.07	74.68	135	10	65	88
2013-04-30	$13.73	$15.00	44.7%	12.8%	43.0%	35.6%	39.3%	5.5%	16.4%	1.4K	-31.7K	-731	16.67	98.93	3	50	187	98