FN Options History — April 2021

In April 2021, FN traded between $85.53 and $92.38. ATM implied volatility averaged 36.1%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 9.5% (HV 20d: 26.6%). Max pain ranged from $75.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.02.

Notable Days

2021-04-13: Highest Volume — 346 contracts
2021-04-13: Largest IV spike — 18.3% change
2021-04-28: Highest IV Rank — 47.1%
2021-04-28: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$89.84	$85.53	$92.38	$91.27	$85.53
Max Pain	$86.67	$75.00	$90.00	$80.00	$90.00
ATM IV	36.1%	23.8%	46.3%	27.7%	42.3%
Expected Move	11.4%	7.9%	13.3%	7.9%	12.1%
HV 20d	26.6%	17.5%	32.7%	31.1%	31.3%
HV 60d	30.0%	26.9%	31.7%	31.2%	30.9%
IV Rank	25.4%	0.0%	47.1%	3.1%	38.8%
IV Percentile	36.3%	0.0%	78.2%	0.4%	62.7%
Term Structure	-4.7%	-12.6%	10.8%	10.8%	-8.9%
VWIV	39.8%	27.4%	47.2%	27.4%	47.2%
Skew 25d	3.2%	-12.6%	9.4%	0.6%	9.4%
Skew 10d	8.2%	-11.8%	45.5%	5.4%	6.6%
Call IV 25d	38.7%	28.9%	57.7%	28.9%	39.0%
Put IV 25d	41.9%	29.6%	48.4%	29.6%	48.4%
Bid-Ask Spread %	85.42	78.55	99.90	99.90	83.96
Gamma HHI	0.34	0.21	0.61	0.56	0.22
Net GEX	22.5K	8.8K	71.5K	44.4K	9.6K
Net DEX	-981.4K	-2.2M	-285.3K	-1.8M	-285.3K
Net VEX	-3.0K	-4.1K	-2.4K	-4.1K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.00	6.00	0.00	5.00
Total Volume	25.333	0	346	6	24
Total OI	573.524	283	826	804	316

Daily Data (21 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
2021-04-01	$91.27	$80.00	27.7%	7.9%	31.1%	3.1%	27.4%	0.6%	10.8%	44.4K	-1.8M	-4.1K	0.00	99.90	6	0	446	358
2021-04-05	$92.38	$75.00	23.8%	11.0%	30.6%	0.0%	39.9%	2.0%	-3.9%	71.5K	-2.2M	-3.7K	0.44	78.55	9	4	452	358
2021-04-06	$90.45	$85.00	27.1%	11.4%	31.8%	6.2%	37.2%	4.4%	-2.4%	42.9K	-1.7M	-3.7K	0.00	78.65	4	0	454	362
2021-04-07	$88.64	$85.00	27.4%	10.7%	32.7%	7.6%	39.4%	3.0%	-1.0%	22.2K	-1.2M	-3.9K	6.00	80.06	1	6	454	362
2021-04-08	$88.83	$85.00	25.1%	11.1%	32.3%	2.7%	0.0%	3.1%	-2.0%	30.2K	-1.4M	-3.5K	0.00	85.20	0	0	454	368
2021-04-09	$89.05	$85.00	28.5%	12.0%	28.8%	9.8%	0.0%	2.2%	-9.6%	22.1K	-1.3M	-3.6K	0.07	81.75	15	1	454	368
2021-04-12	$89.24	$85.00	31.4%	11.5%	28.3%	15.8%	0.0%	2.8%	-5.4%	23.6K	-1.3M	-3.1K	0.00	81.38	15	0	455	367
2021-04-13	$88.37	$85.00	37.1%	11.2%	28.4%	27.7%	37.6%	2.4%	-4.9%	10.2K	-1.0M	-2.9K	2.53	81.59	98	248	456	367
2021-04-14	$88.75	$85.00	38.3%	11.0%	28.3%	30.2%	0.0%	2.7%	-3.1%	16.0K	-1.1M	-2.8K	0.00	85.99	3	0	456	367
2021-04-15	$89.78	$85.00	37.3%	10.7%	28.5%	28.0%	0.0%	3.4%	-1.5%	27.4K	-1.3M	-2.6K	0.00	84.23	9	0	454	367
2021-04-16	$89.56	$85.00	43.0%	12.3%	27.6%	40.0%	40.6%	6.5%	-12.6%	28.5K	-1.3M	-2.5K	0.26	86.67	27	7	459	367
2021-04-19	$88.72	$90.00	38.9%	11.1%	27.7%	31.4%	0.0%	4.3%	-3.9%	9.6K	-386.5K	-2.6K	0.00	87.68	4	0	113	170
2021-04-20	$87.81	$90.00	37.4%	10.7%	26.5%	28.5%	40.3%	5.0%	-3.5%	9.7K	-379.3K	-2.5K	0.71	88.30	7	5	117	170
2021-04-21	$88.76	$90.00	40.5%	11.6%	23.7%	35.0%	0.0%	6.1%	-5.6%	10.1K	-396.9K	-2.8K	0.00	88.08	6	0	122	177
2021-04-22	$89.52	$90.00	41.3%	11.8%	23.5%	36.6%	40.8%	-12.6%	-6.6%	8.8K	-431.8K	-2.8K	0.00	90.98	18	0	124	177
2021-04-23	$91.78	$90.00	40.8%	11.7%	24.8%	35.7%	0.0%	3.6%	-4.9%	14.8K	-591.0K	-2.5K	0.00	89.23	2	0	131	177
2021-04-26	$92.07	$90.00	41.5%	11.9%	18.9%	37.0%	39.9%	2.5%	-6.3%	16.6K	-600.1K	-2.5K	0.00	85.56	1	0	132	177
2021-04-27	$92.21	$90.00	40.9%	11.7%	18.4%	35.8%	42.3%	4.4%	-6.6%	19.0K	-629.9K	-2.4K	0.33	83.63	3	1	133	177
2021-04-28	$91.98	$90.00	46.3%	13.3%	18.5%	47.1%	45.2%	5.1%	-9.6%	16.9K	-595.6K	-2.5K	5.00	89.68	1	5	133	178
2021-04-29	$91.98	$90.00	41.6%	11.9%	17.5%	37.3%	0.0%	7.2%	-6.7%	18.2K	-594.5K	-2.4K	0.00	82.66	2	0	134	181
2021-04-30	$85.53	$90.00	42.3%	12.1%	31.3%	38.8%	47.2%	9.4%	-8.9%	9.6K	-285.3K	-2.5K	5.00	83.96	4	20	135	181