FN Options History — November 2019

In November 2019, FN traded between $57.05 and $61.43. ATM implied volatility averaged 34.6%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 1.3% (HV 20d: 35.8%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 4.18.

Notable Days

2019-11-04: Highest Volume — 807 contracts
2019-11-05: Largest IV drop — 47.9% change
2019-11-04: Highest IV Rank — 77.9%
2019-11-01: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.70	$57.05	$61.43	$58.23	$60.66
Max Pain	$59.25	$50.00	$60.00	$50.00	$60.00
ATM IV	34.6%	28.5%	66.8%	54.4%	31.2%
Expected Move	9.5%	8.6%	15.6%	15.6%	8.9%
HV 20d	35.8%	31.6%	37.4%	31.6%	33.1%
HV 60d	39.5%	29.3%	52.8%	50.9%	29.3%
IV Rank	11.6%	0.0%	77.9%	50.9%	5.4%
IV Percentile	14.9%	0.0%	97.2%	89.7%	3.6%
Term Structure	-0.8%	-15.6%	1.0%	-15.6%	-0.2%
VWIV	34.2%	28.2%	57.4%	57.4%	28.2%
Skew 25d	5.1%	3.9%	6.8%	6.8%	5.5%
Skew 10d	11.7%	6.6%	20.7%	20.7%	8.6%
Call IV 25d	30.9%	27.2%	52.9%	52.9%	28.7%
Put IV 25d	35.9%	32.0%	59.7%	59.7%	34.2%
Bid-Ask Spread %	67.74	45.86	82.61	57.47	82.61
Gamma HHI	0.41	0.29	0.61	0.43	0.35
Net GEX	55.9K	-24.8K	169.7K	108.9K	-19.4K
Net DEX	-5.7M	-7.3M	-4.7M	-6.6M	-4.9M
Net VEX	-9.4K	-12.2K	-6.6K	-10.6K	-11.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.18	0.00	25.50	0.11	0.00
Total Volume	163.25	4	807	407	21
Total OI	2,537.95	1,694	2,943	2,440	2,434

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
2019-11-01	$58.23	$50.00	54.4%	15.6%	31.6%	50.9%	57.4%	6.8%	-15.6%	108.9K	-6.6M	-10.6K	0.11	57.47	367	40	1,583	857
2019-11-04	$60.90	$55.00	66.8%	12.2%	34.2%	77.9%	42.8%	6.0%	-4.2%	92.2K	-7.3M	-9.6K	2.01	45.86	268	539	1,541	886
2019-11-05	$57.73	$60.00	34.8%	9.1%	37.0%	8.6%	34.5%	5.9%	0.4%	60.8K	-5.8M	-10.7K	0.49	64.36	387	188	1,651	1,292
2019-11-06	$57.20	$60.00	35.5%	9.7%	37.1%	10.2%	31.9%	3.9%	-0.1%	60.0K	-5.3M	-9.6K	3.67	62.90	18	66	1,578	1,262
2019-11-07	$57.05	$60.00	35.0%	9.6%	37.3%	9.1%	0.0%	4.7%	-0.2%	58.0K	-5.2M	-9.8K	0.00	63.73	16	0	1,573	1,305
2019-11-08	$58.76	$60.00	28.5%	8.8%	37.3%	0.0%	32.0%	5.7%	0.4%	107.3K	-6.1M	-9.1K	1.44	69.91	50	72	1,573	1,305
2019-11-11	$58.55	$60.00	32.0%	8.9%	37.4%	7.1%	30.9%	4.7%	0.0%	106.1K	-6.1M	-8.2K	3.79	69.75	14	53	1,550	1,283
2019-11-12	$59.24	$60.00	32.1%	8.8%	37.1%	7.3%	32.8%	5.1%	0.5%	129.1K	-6.4M	-8.6K	0.03	68.85	96	3	1,557	1,326
2019-11-13	$59.78	$60.00	30.7%	8.8%	37.0%	4.4%	30.7%	4.5%	0.6%	153.1K	-6.6M	-8.1K	0.69	66.27	36	25	1,548	1,328
2019-11-14	$59.89	$60.00	31.6%	9.1%	36.8%	6.3%	35.1%	4.9%	-0.3%	169.7K	-6.7M	-7.4K	1.08	64.60	13	14	1,521	1,328
2019-11-15	$60.84	$60.00	30.0%	8.6%	36.9%	3.1%	31.0%	3.9%	0.5%	84.9K	-7.3M	-7.2K	0.25	65.79	24	6	1,512	1,325
2019-11-18	$60.98	$60.00	31.2%	8.9%	36.2%	5.5%	34.5%	5.6%	-0.3%	57.1K	-5.6M	-6.6K	4.09	66.33	53	217	1,149	545
2019-11-19	$61.43	$60.00	32.0%	9.2%	36.2%	7.1%	36.0%	4.3%	-0.5%	41.9K	-5.6M	-7.7K	12.06	63.81	17	205	1,191	736
2019-11-20	$60.88	$60.00	32.6%	9.3%	35.1%	8.3%	36.6%	5.7%	-0.5%	12.1K	-5.1M	-9.3K	25.50	65.06	6	153	1,199	940
2019-11-21	$59.98	$60.00	32.0%	9.2%	36.0%	7.2%	29.4%	5.2%	0.0%	-18.0K	-4.7M	-9.9K	0.03	67.32	40	1	1,199	1,090
2019-11-22	$59.89	$60.00	30.5%	8.8%	36.0%	4.1%	30.5%	5.4%	0.8%	-23.7K	-4.7M	-9.5K	23.63	73.77	8	189	1,172	1,090
2019-11-25	$60.43	$60.00	30.4%	8.7%	36.0%	3.8%	29.6%	4.0%	0.4%	-24.8K	-4.7M	-12.2K	0.08	75.79	25	2	1,172	1,277
2019-11-26	$60.49	$60.00	30.0%	8.6%	34.4%	3.1%	0.0%	4.7%	1.0%	-24.1K	-4.8M	-11.8K	0.00	78.92	0	4	1,163	1,277
2019-11-27	$61.06	$60.00	29.9%	8.6%	34.1%	2.8%	31.2%	4.8%	0.4%	-14.2K	-5.1M	-11.0K	0.45	81.68	20	9	1,163	1,278
2019-11-29	$60.66	$60.00	31.2%	8.9%	33.1%	5.4%	28.2%	5.5%	-0.2%	-19.4K	-4.9M	-11.2K	0.00	82.61	21	0	1,160	1,274