FN Options History — April 2018

In April 2018, FN traded between $28.14 and $33.63. ATM implied volatility averaged 47.7%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 6.3% (HV 20d: 41.5%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2018-04-26: Highest Volume — 2,759 contracts
  • 2018-04-11: Largest IV spike — 24.7% change
  • 2018-04-30: Highest IV Rank — 59.8%
  • 2018-04-30: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.73$28.14$33.63$30.92$28.23
Max Pain$30.43$30.00$31.00$31.00$30.00
ATM IV47.7%36.6%59.5%41.0%59.5%
Expected Move14.3%11.4%17.1%11.8%17.1%
HV 20d41.5%28.0%51.9%32.4%49.4%
HV 60d57.3%55.3%60.2%55.3%58.3%
IV Rank33.8%9.2%59.8%19.0%59.8%
IV Percentile69.4%19.4%96.0%50.8%96.0%
Term Structure-6.7%-12.8%9.8%9.0%-12.8%
VWIV47.3%38.5%55.6%40.9%52.7%
Skew 25d6.7%3.9%9.1%6.6%7.2%
Skew 10d15.2%7.0%21.0%7.0%18.6%
Call IV 25d46.1%36.3%55.1%37.2%55.1%
Put IV 25d52.8%40.3%62.4%43.8%62.4%
Bid-Ask Spread %30.9315.7575.9975.9929.30
Gamma HHI0.110.090.130.110.12
Net GEX30.9K-28.8K150.3K18.3K-27.0K
Net DEX-3.2M-7.0M-321.7K-3.1M-438.0K
Net VEX-41.2K-43.1K-36.0K-43.1K-36.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.211.320.750.39
Total Volume1,886.4761,0952,7591,1122,258
Total OI8,630.2867,15710,1898,1257,615

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$30.92$31.0041.0%11.8%32.4%19.0%40.9%6.6%9.0%18.3K-3.1M-43.1K0.7575.996354774,6543,471
2018-04-03$31.01$31.0039.8%11.4%32.4%16.4%39.5%5.0%9.3%18.5K-3.2M-42.9K0.6866.966514444,6423,476
2018-04-04$31.43$31.0039.6%11.4%30.7%15.9%38.5%3.9%9.8%35.8K-3.7M-43.1K0.6865.656544434,6613,481
2018-04-05$31.25$30.0038.4%13.9%30.3%13.3%55.6%7.4%-7.4%26.5K-3.5M-42.4K1.3215.756648774,6613,483
2018-04-06$30.65$30.0038.0%14.1%30.5%12.3%51.3%6.9%-8.0%-14.8K-2.6M-43.1K0.6717.407224854,6743,935
2018-04-09$30.97$31.0038.4%14.0%28.0%13.3%50.9%6.5%-9.1%3.1K-3.1M-42.1K0.6723.807164804,7513,999
2018-04-10$32.07$31.0036.6%13.6%28.8%9.2%50.5%7.1%-8.4%55.5K-4.6M-41.8K0.6716.527114744,7524,005
2018-04-11$33.63$31.0045.6%13.1%33.6%29.1%49.4%6.5%-5.3%128.4K-6.6M-41.3K0.5425.578654674,7613,997
2018-04-12$33.60$31.0047.1%13.5%33.5%32.5%48.3%6.3%-7.6%150.3K-7.0M-41.4K0.5024.159874914,9764,008
2018-04-13$33.48$31.0047.6%13.6%33.1%33.5%44.2%6.5%-7.6%145.0K-6.8M-42.1K0.2931.281,6964864,9944,018
2018-04-16$30.25$31.0052.2%15.0%48.9%43.7%52.9%7.9%-10.8%5.4K-2.4M-42.3K0.3919.931,7846915,6974,021
2018-04-17$31.20$30.0049.6%14.2%50.6%38.1%41.5%6.2%-9.2%59.5K-3.8M-42.4K0.3427.851,6955805,9004,211
2018-04-18$31.42$30.0052.3%15.0%50.6%43.9%41.3%7.8%-11.2%66.0K-4.1M-42.4K0.3622.671,6926165,9704,191
2018-04-19$30.37$30.0053.2%15.2%51.5%45.9%46.0%3.9%-11.6%28.0K-2.5M-41.4K0.3631.421,7286275,9954,194
2018-04-20$30.27$30.0052.0%14.9%51.5%43.2%45.9%5.5%-9.7%4.4K-2.5M-40.9K0.3522.211,6875985,9924,170
2018-04-23$29.62$30.0050.4%14.5%51.4%39.7%47.2%6.8%-7.7%-10.8K-2.1M-39.9K0.2130.121,9344143,9743,183
2018-04-24$29.69$30.0053.1%15.2%50.6%45.6%49.0%7.3%-10.2%18.8K-2.5M-41.3K0.3425.481,6065424,4363,225
2018-04-25$28.59$30.0055.7%16.0%51.9%51.4%49.6%7.8%-8.8%-11.9K-1.2M-40.8K0.3024.562,0856344,5243,363
2018-04-26$28.61$30.0054.3%15.6%51.3%48.3%49.3%8.1%-11.2%-20.6K-744.0K-37.0K0.3024.572,1276324,2413,324
2018-04-27$28.14$30.0058.1%16.7%49.5%56.7%49.3%9.1%-12.8%-28.8K-321.7K-36.5K0.3928.321,6236384,2853,326
2018-04-30$28.23$30.0059.5%17.1%49.4%59.8%52.7%7.2%-12.8%-27.0K-438.0K-36.0K0.3929.301,6216374,2993,316