FN Options History — February 2018

In February 2018, FN traded between $24.18 and $30.21. ATM implied volatility averaged 45.2%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 32.6% (HV 20d: 77.8%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.59.

Notable Days

2018-02-06: Highest Volume — 5,669 contracts
2018-02-06: Largest IV drop — 32.6% change
2018-02-05: Highest IV Rank — 100.0%
2018-02-05: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.49	$24.18	$30.21	$25.49	$30.21
Max Pain	$25.84	$25.00	$26.00	$26.00	$26.00
ATM IV	45.2%	36.2%	77.7%	66.6%	39.2%
Expected Move	12.0%	10.4%	15.7%	14.5%	11.3%
HV 20d	77.8%	36.2%	87.9%	36.5%	82.5%
HV 60d	49.9%	31.1%	53.8%	35.5%	53.2%
IV Rank	28.4%	6.1%	100.0%	93.0%	13.0%
IV Percentile	50.7%	16.3%	100.0%	99.2%	35.7%
Term Structure	-1.4%	-6.5%	1.3%	-4.6%	-1.0%
VWIV	40.4%	33.3%	53.3%	50.0%	33.3%
Skew 25d	6.3%	3.7%	9.0%	4.7%	7.7%
Skew 10d	15.7%	8.4%	30.8%	9.4%	13.1%
Call IV 25d	39.1%	33.7%	51.9%	47.5%	35.2%
Put IV 25d	45.4%	39.6%	57.6%	52.2%	42.9%
Bid-Ask Spread %	34.23	10.86	55.98	10.86	55.98
Gamma HHI	0.20	0.13	0.33	0.28	0.16
Net GEX	-43.7K	-221.4K	123.9K	-194.7K	123.9K
Net DEX	-1.7M	-7.7M	6.7M	5.7M	-4.3M
Net VEX	-53.2K	-64.0K	-48.7K	-54.5K	-50.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.27	1.02	0.78	0.61
Total Volume	2,414.737	1,386	5,669	2,630	1,427
Total OI	11,455.632	7,909	15,349	10,969	8,684

Daily Data (19 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
2018-02-01	$25.49	$26.00	66.6%	14.5%	36.5%	93.0%	50.0%	4.7%	-4.6%	-194.7K	5.7M	-54.5K	0.78	10.86	1,480	1,150	4,417	6,552
2018-02-02	$25.00	$26.00	67.2%	14.3%	36.2%	94.7%	49.3%	4.3%	-4.4%	-162.0K	5.9M	-53.9K	1.02	15.96	1,114	1,141	4,929	6,580
2018-02-05	$24.18	$26.00	77.7%	15.7%	37.2%	100.0%	53.3%	5.7%	-6.5%	-131.2K	6.7M	-51.0K	0.85	21.44	2,726	2,310	5,205	6,612
2018-02-06	$29.89	$25.00	52.4%	13.3%	86.8%	42.7%	45.9%	6.3%	-3.0%	-8.6K	-7.7M	-64.0K	0.45	35.72	3,915	1,754	7,103	8,246
2018-02-07	$29.83	$26.00	40.4%	11.6%	86.6%	15.8%	40.6%	7.0%	-2.0%	-34.8K	-7.3M	-58.9K	0.27	23.00	3,274	880	7,047	8,062
2018-02-08	$29.23	$26.00	45.9%	13.2%	86.9%	28.0%	44.5%	6.2%	-0.9%	-149.6K	-2.1M	-57.7K	0.55	42.37	1,440	789	5,472	8,067
2018-02-09	$29.55	$26.00	43.3%	12.4%	86.9%	22.2%	43.9%	9.0%	-1.7%	-120.0K	-2.6M	-57.2K	0.48	53.49	1,473	705	5,466	7,986
2018-02-12	$28.56	$26.00	43.9%	12.6%	87.7%	23.5%	42.7%	5.9%	-3.1%	-221.4K	-1.2M	-54.3K	0.53	49.50	1,392	735	5,461	7,958
2018-02-13	$28.75	$26.00	40.1%	11.5%	87.7%	15.0%	41.8%	7.6%	-0.5%	-199.8K	-1.9M	-53.3K	0.58	21.91	1,312	763	5,442	7,918
2018-02-14	$29.24	$25.00	38.9%	11.1%	87.9%	12.2%	38.2%	6.9%	-0.1%	-133.2K	-2.9M	-52.8K	0.58	27.27	1,231	708	5,441	7,893
2018-02-15	$29.49	$25.00	38.2%	10.9%	87.8%	10.7%	35.5%	6.2%	0.2%	-5.0K	-3.8M	-52.0K	0.86	21.51	1,220	1,055	5,460	7,893
2018-02-16	$29.15	$26.00	38.0%	10.9%	86.8%	10.2%	36.4%	6.8%	0.2%	15.4K	-3.6M	-50.6K	0.82	15.35	1,280	1,047	5,521	7,787
2018-02-20	$28.55	$26.00	38.6%	11.1%	83.9%	11.6%	37.3%	7.4%	-0.5%	10.9K	-1.5M	-49.7K	0.31	14.06	1,572	488	4,356	3,553
2018-02-21	$28.16	$26.00	38.4%	11.0%	84.1%	11.2%	36.5%	5.9%	0.7%	52.1K	-1.5M	-49.5K	0.45	40.69	1,090	487	4,873	3,556
2018-02-22	$27.66	$26.00	38.7%	11.1%	82.7%	11.8%	35.5%	5.7%	-0.1%	37.1K	-799.4K	-48.7K	0.47	50.75	1,057	501	4,886	3,577
2018-02-23	$28.65	$26.00	36.3%	10.4%	83.4%	6.4%	36.3%	6.9%	1.3%	69.2K	-1.9M	-50.2K	0.49	41.58	1,007	496	4,923	3,580
2018-02-26	$29.73	$26.00	36.2%	10.4%	83.9%	6.1%	33.9%	3.7%	1.2%	104.7K	-3.5M	-50.9K	0.51	55.83	977	498	4,950	3,589
2018-02-27	$30.07	$26.00	38.5%	11.0%	82.6%	11.4%	33.4%	6.0%	-1.9%	117.8K	-4.0M	-50.5K	0.54	53.15	901	485	5,022	3,590
2018-02-28	$30.21	$26.00	39.2%	11.3%	82.5%	13.0%	33.3%	7.7%	-1.0%	123.9K	-4.3M	-50.6K	0.61	55.98	886	541	5,078	3,606