FN Options History — June 2019

In June 2019, FN traded between $42.62 and $50.50. ATM implied volatility averaged 39.2%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 7.4% (HV 20d: 46.6%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.95.

Notable Days

2019-06-21: Highest Volume — 312 contracts
2019-06-12: Largest IV drop — 11.0% change
2019-06-11: Highest IV Rank — 38.3%
2019-06-03: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.68	$42.62	$50.50	$42.62	$49.43
Max Pain	$47.55	$45.00	$48.00	$45.00	$48.00
ATM IV	39.2%	36.3%	44.4%	43.0%	36.5%
Expected Move	11.0%	10.4%	12.3%	12.3%	10.5%
HV 20d	46.6%	33.3%	60.9%	50.8%	33.3%
HV 60d	41.5%	39.9%	42.5%	39.9%	41.3%
IV Rank	28.5%	23.0%	38.3%	35.7%	23.4%
IV Percentile	52.3%	36.9%	73.0%	71.0%	38.1%
Term Structure	1.3%	-1.8%	4.0%	-1.6%	-0.4%
VWIV	38.3%	24.1%	41.7%	24.1%	35.8%
Skew 25d	5.4%	2.4%	13.4%	9.2%	3.8%
Skew 10d	13.8%	7.6%	26.5%	20.0%	9.4%
Call IV 25d	36.0%	27.2%	40.9%	38.4%	34.3%
Put IV 25d	41.4%	38.1%	47.7%	47.7%	38.1%
Bid-Ask Spread %	72.13	59.58	85.85	77.94	77.64
Gamma HHI	0.20	0.13	0.38	0.20	0.14
Net GEX	-3.8K	-73.5K	189.8K	-64.7K	30.0K
Net DEX	-1.4M	-3.4M	1.6M	1.6M	-2.3M
Net VEX	-17.7K	-20.0K	-15.6K	-18.7K	-15.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.08	4.11	0.08	0.63
Total Volume	121.55	31	312	39	91
Total OI	3,421.55	2,687	3,696	3,561	2,979

Daily Data (20 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
2019-06-03	$42.62	$45.00	43.0%	12.3%	50.8%	35.7%	24.1%	9.2%	-1.6%	-64.7K	1.6M	-18.7K	0.08	77.94	36	3	1,954	1,607
2019-06-04	$45.12	$45.00	41.8%	12.0%	57.0%	33.5%	41.7%	5.9%	-1.8%	-59.3K	229.8K	-20.0K	0.10	73.80	72	7	1,948	1,609
2019-06-05	$44.75	$45.00	41.2%	11.8%	57.0%	32.3%	41.0%	6.4%	-0.9%	-73.5K	547.8K	-19.6K	0.12	76.85	83	10	1,932	1,613
2019-06-06	$46.21	$48.00	41.5%	11.3%	59.2%	32.9%	39.5%	4.8%	2.1%	-55.1K	-508.1K	-19.9K	0.23	61.51	53	12	1,942	1,613
2019-06-07	$46.58	$48.00	41.0%	11.0%	59.7%	31.9%	39.4%	8.9%	3.7%	-51.2K	-700.4K	-19.5K	0.20	73.63	79	16	1,951	1,614
2019-06-10	$46.56	$48.00	43.5%	11.4%	59.6%	36.6%	39.9%	4.7%	2.1%	-53.7K	-788.4K	-18.7K	0.63	62.50	19	12	1,943	1,614
2019-06-11	$46.98	$48.00	44.4%	11.0%	59.4%	38.3%	37.8%	9.6%	3.5%	-47.8K	-980.3K	-18.8K	0.32	78.59	47	15	1,952	1,610
2019-06-12	$46.34	$48.00	39.5%	11.3%	58.9%	29.1%	38.7%	4.8%	1.9%	-66.6K	-566.0K	-18.4K	0.46	59.58	35	16	1,946	1,609
2019-06-13	$48.00	$48.00	38.4%	11.0%	60.9%	27.0%	38.0%	13.4%	1.0%	-32.4K	-1.7M	-18.3K	0.30	68.54	54	16	1,962	1,609
2019-06-14	$47.66	$48.00	36.9%	10.6%	57.4%	24.2%	37.1%	2.8%	2.6%	-33.1K	-1.5M	-17.9K	0.36	65.87	64	23	1,957	1,607
2019-06-17	$48.88	$48.00	38.0%	10.9%	40.3%	26.3%	40.9%	4.8%	2.6%	3.1K	-2.3M	-17.1K	2.89	70.97	45	130	1,956	1,606
2019-06-18	$49.76	$48.00	37.9%	10.9%	35.9%	26.0%	39.8%	3.0%	2.1%	51.0K	-2.9M	-17.0K	1.11	70.49	120	133	1,975	1,716
2019-06-19	$49.45	$48.00	39.3%	11.3%	35.6%	28.6%	40.6%	3.0%	0.2%	54.5K	-2.7M	-17.3K	1.79	85.85	75	134	1,977	1,719
2019-06-20	$50.50	$48.00	36.3%	10.4%	35.9%	23.1%	39.7%	4.5%	4.0%	76.3K	-3.4M	-16.1K	1.96	74.69	74	145	1,969	1,717
2019-06-21	$49.89	$48.00	36.9%	10.6%	33.3%	24.1%	38.6%	4.2%	2.7%	189.8K	-3.0M	-15.9K	1.31	74.20	135	177	1,974	1,711
2019-06-24	$48.67	$48.00	36.9%	10.6%	35.0%	24.2%	40.6%	2.4%	2.3%	26.1K	-2.0M	-15.8K	4.11	70.52	61	251	1,549	1,138
2019-06-25	$47.73	$48.00	38.2%	10.9%	34.0%	26.6%	38.4%	4.0%	-1.3%	-3.9K	-1.4M	-16.6K	0.81	72.24	32	26	1,571	1,380
2019-06-26	$48.65	$48.00	36.4%	10.4%	34.3%	23.3%	36.9%	4.2%	0.5%	9.1K	-1.8M	-16.3K	0.93	72.01	29	27	1,568	1,382
2019-06-27	$49.80	$48.00	36.3%	10.4%	34.8%	23.0%	37.5%	4.0%	0.3%	25.2K	-2.4M	-15.7K	0.57	75.09	47	27	1,570	1,382
2019-06-28	$49.43	$48.00	36.5%	10.5%	33.3%	23.4%	35.8%	3.8%	-0.4%	30.0K	-2.3M	-15.6K	0.63	77.64	56	35	1,597	1,382