FN Options History — January 2019

In January 2019, FN traded between $47.66 and $57.88. ATM implied volatility averaged 56.1%, placing in the 59.7% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 6.3% (HV 20d: 49.8%). Max pain ranged from $40.00 to $55.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2019-01-11: Highest Volume — 495 contracts
  • 2019-01-09: Largest IV spike — 19.6% change
  • 2019-01-31: Highest IV Rank — 83.9%
  • 2019-01-30: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.90$47.66$57.88$50.58$56.48
Max Pain$48.90$40.00$55.00$40.00$55.00
ATM IV56.1%42.8%69.1%44.1%69.1%
Expected Move16.4%12.7%19.6%12.7%14.7%
HV 20d49.8%47.1%53.6%47.7%50.8%
HV 60d49.6%46.7%50.8%46.7%49.3%
IV Rank59.7%34.9%83.9%37.4%83.9%
IV Percentile88.1%69.8%98.8%73.4%98.8%
Term Structure-9.9%-17.7%8.8%8.8%-5.5%
VWIV59.5%44.2%69.5%44.2%52.0%
Skew 25d5.6%3.8%7.6%5.6%4.8%
Skew 10d17.3%9.9%41.7%10.4%14.5%
Call IV 25d55.2%40.4%66.2%40.4%48.0%
Put IV 25d60.7%46.0%73.7%46.0%52.8%
Bid-Ask Spread %46.9332.0393.2093.2033.86
Gamma HHI0.260.110.590.180.14
Net GEX48.3K-18.1K162.4K32.5K28.7K
Net DEX-6.0M-9.8M-2.3M-6.2M-4.3M
Net VEX-17.5K-19.3K-15.0K-16.9K-18.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.003.823.380.48
Total Volume193.813549535133
Total OI3,6032,2654,6313,7402,905

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$50.58$40.0044.1%12.7%47.7%37.4%44.2%5.6%8.8%32.5K-6.2M-16.9K3.3893.208271,8371,903
2019-01-03$47.66$47.0046.1%15.7%51.4%40.9%55.6%4.4%-6.7%-4.9K-4.6M-17.8K3.8237.6517651,8381,923
2019-01-04$49.56$47.0042.8%15.5%53.6%34.9%55.6%4.1%-7.6%15.5K-5.6M-17.2K1.2637.8550631,8381,962
2019-01-07$50.81$47.0046.2%16.4%48.3%41.2%55.6%6.3%-9.4%33.8K-6.2M-16.5K0.0032.0316701,8511,964
2019-01-08$51.49$47.0045.1%16.0%48.5%39.2%59.6%6.0%-9.7%56.0K-6.9M-16.7K2.0235.33611231,9571,964
2019-01-09$54.17$49.0054.0%15.5%49.0%55.7%59.9%5.5%-8.4%83.6K-8.1M-16.8K2.1751.34631371,9792,077
2019-01-10$56.06$48.0054.9%15.7%49.8%57.3%59.6%5.2%-7.3%81.1K-9.1M-15.0K0.7951.991941531,9882,142
2019-01-11$56.60$48.0053.5%15.3%49.0%54.8%57.1%4.6%-8.6%101.7K-9.8M-15.5K1.2852.282172782,1112,152
2019-01-14$54.16$49.0054.9%15.7%51.8%57.5%56.6%3.9%-10.0%103.8K-8.4M-17.8K0.8045.1782662,1712,315
2019-01-15$54.52$50.0054.9%15.7%51.8%57.5%57.0%4.5%-11.1%119.1K-8.6M-17.8K1.0741.4555592,1852,381
2019-01-16$54.65$50.0055.8%16.0%51.5%59.1%56.5%4.7%-12.2%138.6K-8.6M-17.8K1.2542.6453662,1832,413
2019-01-17$54.13$50.0055.0%15.8%48.6%57.7%56.0%4.1%-10.4%162.4K-8.3M-17.7K0.9643.9669662,1982,419
2019-01-18$54.24$50.0055.2%15.8%47.7%57.9%58.3%3.8%-10.9%1.4K-8.0M-17.6K1.0342.9892952,2122,419
2019-01-22$53.80$50.0058.8%16.9%47.9%64.7%65.1%7.1%-9.1%-475-2.8M-17.5K1.7151.021081851,0721,193
2019-01-23$52.15$50.0062.8%18.0%47.1%72.2%64.8%6.5%-12.0%-18.1K-2.3M-18.9K2.0940.79771611,1421,323
2019-01-24$55.69$50.0062.7%18.0%50.1%72.0%67.5%7.6%-13.8%1.2K-3.4M-17.9K1.3149.211241621,1481,357
2019-01-25$57.88$50.0060.1%17.2%49.4%67.1%64.9%6.5%-12.7%15.8K-4.2M-17.3K0.5651.793051711,1951,382
2019-01-28$56.52$50.0066.5%19.1%50.6%79.1%66.4%6.7%-15.6%22.8K-4.2M-18.8K0.1750.8677131,3721,447
2019-01-29$55.70$50.0067.9%19.5%50.5%81.6%67.8%7.3%-17.4%22.3K-3.9M-19.3K0.2549.80100251,4201,451
2019-01-30$55.14$50.0068.4%19.6%50.7%82.7%69.5%7.5%-17.7%17.8K-3.7M-18.8K0.3050.3679241,4141,460
2019-01-31$56.48$55.0069.1%14.7%50.8%83.9%52.0%4.8%-5.5%28.7K-4.3M-18.6K0.4833.8690431,4311,474