FN Options History — February 2015

In February 2015, FN traded between $16.18 and $17.97. ATM implied volatility averaged 35.8%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 7.8% (HV 20d: 28.1%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2015-02-04: Highest Volume — 315 contracts
  • 2015-02-06: Largest IV drop — 36.3% change
  • 2015-02-02: Highest IV Rank — 33.6%
  • 2015-02-02: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.96$16.18$17.97$16.46$17.97
Max Pain$19.08$17.50$20.00$17.50$17.50
ATM IV35.8%25.5%56.5%56.5%36.4%
Expected Move10.4%7.6%16.2%16.2%10.4%
HV 20d28.1%21.6%33.1%31.3%23.0%
HV 60d31.2%29.5%33.0%31.5%30.0%
IV Rank12.3%1.7%33.6%33.6%12.9%
IV Percentile38.7%1.2%86.5%86.5%43.3%
Term Structure0.5%-13.4%9.4%-13.4%-6.3%
VWIV35.4%25.1%56.5%56.5%35.8%
Skew 25d9.9%-0.7%21.6%15.5%13.7%
Skew 10d13.1%-2.5%26.9%14.4%20.1%
Call IV 25d33.8%25.9%52.6%52.6%28.2%
Put IV 25d43.7%27.3%68.1%68.1%41.9%
Bid-Ask Spread %101.3878.15110.5191.90109.05
Gamma HHI0.350.290.450.290.45
Net GEX17.3K8.4K36.1K8.4K36.1K
Net DEX-304.0K-673.2K-78.8K-159.1K-673.2K
Net VEX-2.8K-3.1K-2.4K-2.8K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.262.152.150.73
Total Volume209.5262031563195
Total OI1,462.0531,3041,5431,3041,468

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-02-02$16.46$17.5056.5%16.2%31.3%33.6%56.5%15.5%-13.4%8.4K-159.1K-2.8K2.1591.902043765539
2015-02-03$16.80$17.5039.8%11.4%32.2%16.4%40.0%21.6%-11.9%12.3K-259.2K-2.5K0.6378.15186118781575
2015-02-04$16.19$17.5042.7%12.2%32.9%19.4%35.3%1.1%2.2%9.1K-86.2K-2.7K0.6993.02186129870560
2015-02-05$16.18$20.0040.1%11.6%32.9%16.7%27.2%2.6%-1.4%9.1K-78.8K-2.8K0.7089.54168117870591
2015-02-06$16.66$20.0025.5%9.9%33.1%1.7%25.1%13.7%2.0%11.0K-132.6K-2.9K0.5991.9316899872590
2015-02-09$16.71$20.0032.1%9.5%32.8%8.5%38.7%15.4%2.9%12.9K-190.0K-2.8K0.59100.7716899872590
2015-02-10$16.78$20.0038.5%10.1%32.9%15.1%38.0%7.1%3.2%12.4K-225.6K-3.0K1.01104.309899872590
2015-02-11$16.98$20.0033.2%9.5%32.7%9.6%35.2%12.1%3.9%12.9K-248.0K-2.8K1.00101.759999876590
2015-02-12$16.94$20.0035.8%10.3%32.7%12.3%35.9%10.6%2.4%15.1K-329.7K-2.9K1.00107.549999879590
2015-02-13$16.98$20.0035.9%10.3%30.8%12.3%29.9%9.7%0.3%14.2K-264.2K-2.9K0.5299.0419099879590
2015-02-17$16.85$20.0034.8%10.0%23.7%11.3%40.8%17.8%7.2%16.4K-331.5K-3.1K0.52109.0019099953590
2015-02-18$16.87$20.0040.8%11.7%23.5%17.4%41.2%16.2%2.8%16.3K-329.8K-3.1K0.52104.7219099953590
2015-02-19$16.89$20.0032.0%9.2%23.3%8.3%33.4%4.5%9.4%17.1K-286.0K-2.9K1.00109.981010953590
2015-02-20$16.92$20.0032.6%9.4%23.1%9.0%0.0%2.0%-2.7%18.5K-243.0K-2.7K0.26107.076216953590
2015-02-23$16.91$20.0032.4%9.3%21.6%8.7%32.8%12.4%0.0%19.2K-334.5K-2.4K0.61103.9813582888528
2015-02-24$17.47$17.5026.6%7.6%24.2%2.7%26.9%-0.7%3.6%26.8K-437.6K-2.4K0.93109.988882918528
2015-02-25$17.72$17.5028.0%8.0%23.2%4.2%28.9%4.6%8.7%29.5K-533.6K-2.7K0.93110.518882940528
2015-02-26$17.93$17.5036.9%10.6%23.2%13.4%34.9%8.1%-3.5%31.2K-633.4K-2.8K0.93103.928882940528
2015-02-27$17.97$17.5036.4%10.4%23.0%12.9%35.8%13.7%-6.3%36.1K-673.2K-2.6K0.73109.0511382940528