FN Options History — April 2019

In April 2019, FN traded between $53.72 and $61.23. ATM implied volatility averaged 44.9%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 16.7% (HV 20d: 28.2%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2019-04-17: Highest Volume — 609 contracts
  • 2019-04-10: Largest IV spike — 37.6% change
  • 2019-04-30: Highest IV Rank — 63.3%
  • 2019-04-30: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.15$53.72$61.23$53.72$60.27
Max Pain$56.67$50.00$60.00$55.00$60.00
ATM IV44.9%32.5%57.6%33.9%57.6%
Expected Move14.1%12.9%16.5%13.0%16.5%
HV 20d28.2%20.2%34.4%34.2%20.2%
HV 60d37.2%33.7%40.9%40.9%33.7%
IV Rank39.3%15.8%63.3%18.4%63.3%
IV Percentile63.8%17.9%91.7%29.0%91.7%
Term Structure-7.5%-15.3%12.3%11.2%-15.3%
VWIV49.6%44.2%58.7%44.2%58.3%
Skew 25d5.1%3.1%6.2%5.3%4.8%
Skew 10d11.7%6.1%18.2%7.8%13.7%
Call IV 25d45.7%31.6%55.3%33.0%55.3%
Put IV 25d50.8%36.9%60.1%38.4%60.1%
Bid-Ask Spread %47.6637.3057.7141.8954.23
Gamma HHI0.400.260.640.260.35
Net GEX75.9K-18.4K319.2K64.4K-15.7K
Net DEX-4.8M-7.3M-3.2M-3.2M-4.4M
Net VEX-19.7K-21.0K-17.2K-19.9K-20.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.009.150.001.11
Total Volume146.3333060969114
Total OI3,071.812,4403,8293,1762,752

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$53.72$55.0033.9%13.0%34.2%18.4%44.2%5.3%11.2%64.4K-3.2M-19.9K0.0041.896901,7831,393
2019-04-02$55.17$55.0033.1%13.0%34.4%17.0%46.0%5.3%12.3%86.6K-3.9M-20.3K0.1537.30121181,7911,393
2019-04-03$54.54$55.0033.3%13.1%32.7%17.4%47.0%4.7%-6.0%87.7K-3.9M-20.3K0.2047.72157321,8461,399
2019-04-04$55.30$55.0033.0%13.0%32.2%16.7%47.0%5.0%-5.7%94.8K-4.2M-20.4K0.2439.6894231,8681,407
2019-04-05$55.10$55.0032.5%13.0%31.9%15.8%45.7%4.7%-5.5%93.6K-4.1M-20.4K0.3046.2898291,8571,405
2019-04-08$55.47$55.0034.9%13.7%30.7%20.3%45.7%5.3%-8.2%98.2K-4.2M-20.3K0.3544.342381,8511,417
2019-04-09$55.88$55.0034.6%13.6%30.8%19.7%45.2%5.0%-7.9%99.8K-4.3M-20.9K0.6846.5519131,8511,425
2019-04-10$57.45$55.0047.5%13.6%31.9%44.3%47.5%5.2%-7.5%112.6K-5.3M-19.9K0.1642.49118191,8481,425
2019-04-11$57.60$50.0045.3%13.0%31.0%40.1%46.9%4.8%-6.8%114.6K-5.5M-18.4K0.9345.5780741,8591,420
2019-04-12$59.02$55.0045.1%12.9%31.0%39.8%46.5%5.9%-7.0%120.8K-6.2M-18.9K0.3644.13138501,8571,468
2019-04-15$58.90$55.0046.9%13.4%30.4%43.0%46.5%5.4%-7.8%118.8K-6.3M-18.3K3.2944.877231,8651,460
2019-04-16$60.38$55.0047.4%13.6%31.1%44.0%47.1%5.3%-9.7%136.4K-7.3M-17.2K0.2450.15115281,8821,444
2019-04-17$59.94$55.0049.1%14.1%31.3%47.2%50.9%5.2%-10.2%139.7K-6.8M-18.1K9.1557.71605491,8601,446
2019-04-18$59.85$60.0047.8%13.7%30.9%44.8%48.9%3.1%-9.3%319.2K-5.6M-21.0K0.2751.30104281,8611,968
2019-04-22$60.57$60.0051.5%14.8%20.4%51.8%54.2%6.2%-10.3%-1.8K-4.5M-19.9K3.0648.10351071,3331,107
2019-04-23$61.23$60.0051.5%14.8%20.4%51.7%53.7%6.1%-9.8%-12.9K-4.5M-19.9K1.1647.36921071,3261,212
2019-04-24$60.88$60.0053.8%15.4%20.3%56.0%53.1%3.9%-12.5%-9.1K-4.5M-19.6K0.2347.6583191,3551,209
2019-04-25$60.02$60.0053.6%15.4%21.8%55.7%54.6%5.1%-12.5%-17.8K-4.1M-19.5K0.7252.95111801,3411,220
2019-04-26$59.99$60.0053.8%15.4%22.0%56.2%53.4%4.8%-12.8%-18.4K-4.1M-20.1K0.3356.7089291,3821,257
2019-04-29$59.87$60.0056.9%16.3%21.9%62.0%58.7%5.3%-15.1%-18.4K-4.2M-20.1K0.8353.8760501,3971,268
2019-04-30$60.27$60.0057.6%16.5%20.2%63.3%58.3%4.8%-15.3%-15.7K-4.4M-20.7K1.1154.2354601,4411,311