FN Options History — April 2015

In April 2015, FN traded between $18.21 and $19.20. ATM implied volatility averaged 35.1%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 13.1% (HV 20d: 21.9%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.91.

Notable Days

2015-04-30: Highest Volume — 252 contracts
2015-04-08: Largest IV drop — 26.0% change
2015-04-23: Highest IV Rank — 18.6%
2015-04-23: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.81	$18.21	$19.20	$19.17	$18.21
Max Pain	$18.69	$15.00	$20.00	$15.00	$17.50
ATM IV	35.1%	26.3%	41.5%	29.6%	38.4%
Expected Move	10.0%	7.5%	11.9%	8.5%	11.0%
HV 20d	21.9%	18.1%	26.4%	25.8%	22.6%
HV 60d	23.9%	22.1%	26.8%	26.8%	23.6%
IV Rank	12.0%	3.0%	18.6%	6.4%	15.4%
IV Percentile	37.9%	4.4%	62.3%	12.7%	53.2%
Term Structure	-3.0%	-15.3%	12.8%	12.8%	-1.7%
VWIV	37.1%	32.3%	42.7%	32.5%	39.8%
Skew 25d	4.3%	-9.9%	14.5%	9.8%	-9.9%
Skew 10d	7.4%	-10.4%	20.4%	5.0%	-10.4%
Call IV 25d	37.6%	26.8%	50.9%	26.8%	50.9%
Put IV 25d	41.9%	30.2%	49.9%	36.6%	41.0%
Bid-Ask Spread %	104.83	100.39	111.35	108.90	102.83
Gamma HHI	0.49	0.42	0.55	0.54	0.48
Net GEX	26.9K	4.9K	54.9K	53.1K	9.0K
Net DEX	-650.8K	-1.1M	-155.7K	-1.1M	-191.3K
Net VEX	-964	-1.6K	-684	-1.6K	-817
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.51	1.45	1.04	1.45
Total Volume	156.81	0	252	161	252
Total OI	957.857	252	1,466	1,463	341

Daily Data (21 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
2015-04-01	$19.17	$15.00	29.6%	8.5%	25.8%	6.4%	32.5%	9.8%	12.8%	53.1K	-1.1M	-1.6K	1.04	108.90	79	82	957	506
2015-04-02	$18.91	$20.00	27.6%	9.2%	26.4%	4.3%	32.9%	4.5%	-5.1%	51.4K	-973.7K	-1.4K	0.92	104.63	89	82	960	506
2015-04-06	$19.09	$20.00	33.3%	8.3%	24.9%	10.2%	33.2%	1.8%	-5.9%	54.0K	-1.0M	-1.3K	0.92	107.36	89	82	960	506
2015-04-07	$19.20	$20.00	35.5%	9.0%	23.0%	12.5%	35.0%	6.8%	-5.3%	53.6K	-1.1M	-1.4K	0.92	106.63	89	82	960	506
2015-04-08	$19.18	$20.00	26.3%	7.5%	21.9%	3.0%	0.0%	2.5%	-0.1%	54.9K	-1.1M	-1.3K	0.00	111.35	0	0	960	506
2015-04-09	$18.96	$20.00	29.6%	8.5%	22.4%	6.4%	34.6%	8.8%	-5.2%	52.6K	-1.0M	-1.2K	0.92	103.75	89	82	960	506
2015-04-10	$18.97	$20.00	29.2%	8.4%	22.0%	6.0%	33.0%	11.2%	-4.6%	52.5K	-1.0M	-1.2K	0.92	105.27	89	82	960	506
2015-04-13	$18.71	$20.00	36.0%	10.3%	21.7%	13.0%	36.4%	7.3%	-0.8%	42.1K	-924.3K	-963	0.92	104.86	89	82	960	506
2015-04-14	$18.76	$20.00	35.5%	10.2%	21.7%	12.4%	42.7%	6.4%	-15.3%	36.1K	-946.7K	-852	0.92	104.48	89	82	960	506
2015-04-15	$18.82	$20.00	32.2%	9.2%	21.4%	9.0%	36.8%	-0.2%	-4.6%	20.3K	-969.9K	-741	0.85	105.50	96	82	960	506
2015-04-16	$18.69	$20.00	37.4%	10.7%	21.5%	14.4%	41.2%	3.3%	1.2%	26.9K	-937.9K	-814	0.86	106.56	95	82	960	506
2015-04-17	$18.23	$20.00	37.6%	10.8%	23.1%	14.6%	39.5%	2.0%	-3.8%	5.8K	-884.7K	-697	0.61	103.03	140	86	920	506
2015-04-20	$18.64	$17.50	37.9%	10.9%	22.9%	14.9%	34.7%	14.5%	2.0%	4.9K	-155.7K	-696	1.07	100.42	56	60	175	77
2015-04-21	$18.72	$17.50	35.6%	10.2%	22.7%	12.5%	38.1%	4.2%	-4.7%	5.9K	-174.7K	-710	1.07	107.91	56	60	184	77
2015-04-22	$18.64	$17.50	37.0%	10.6%	21.4%	14.0%	40.9%	5.5%	2.9%	6.0K	-166.8K	-696	1.07	105.10	56	60	184	77
2015-04-23	$18.82	$17.50	41.5%	11.9%	18.3%	18.6%	42.4%	2.3%	-6.7%	5.5K	-169.4K	-709	1.07	105.31	56	60	184	77
2015-04-24	$18.84	$17.50	38.4%	11.0%	18.1%	15.4%	32.3%	4.3%	-10.9%	5.9K	-188.3K	-684	0.70	100.39	86	60	184	77
2015-04-27	$18.67	$17.50	39.5%	11.3%	18.5%	16.5%	35.7%	2.4%	9.5%	8.3K	-212.4K	-774	0.70	101.81	86	60	224	77
2015-04-28	$19.16	$17.50	38.8%	11.1%	19.3%	15.8%	40.8%	4.6%	-8.6%	7.9K	-241.9K	-749	0.51	102.99	117	60	224	77
2015-04-29	$18.66	$17.50	39.2%	11.2%	21.5%	16.2%	39.1%	-1.2%	-8.5%	9.0K	-246.4K	-824	0.64	102.31	103	66	250	77
2015-04-30	$18.21	$17.50	38.4%	11.0%	22.6%	15.4%	39.8%	-9.9%	-1.7%	9.0K	-191.3K	-817	1.45	102.83	103	149	258	83