FN Options History — May 2021

In May 2021, FN traded between $77.73 and $89.19. ATM implied volatility averaged 31.1%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 4.0% (HV 20d: 35.1%). Max pain ranged from $75.00 to $90.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 7.19.

Notable Days

  • 2021-05-12: Highest Volume — 479 contracts
  • 2021-05-04: Largest IV drop — 37.1% change
  • 2021-05-03: Highest IV Rank — 50.6%
  • 2021-05-03: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$84.15$77.73$89.19$86.00$89.19
Max Pain$84.75$75.00$90.00$90.00$85.00
ATM IV31.1%25.8%48.0%48.0%26.7%
Expected Move9.0%7.4%13.8%13.8%7.7%
HV 20d35.1%29.9%39.8%30.9%29.9%
HV 60d31.1%29.4%32.5%29.8%30.6%
IV Rank15.8%4.4%50.6%50.6%6.4%
IV Percentile12.4%1.2%85.7%85.7%1.6%
Term Structure-0.0%-14.5%4.4%-14.5%1.1%
VWIV31.9%25.6%51.2%51.2%27.8%
Skew 25d3.6%-4.5%10.7%4.0%2.6%
Skew 10d8.9%-10.0%37.7%37.7%11.8%
Call IV 25d30.1%26.2%46.9%46.9%26.5%
Put IV 25d33.7%27.0%50.9%50.9%29.1%
Bid-Ask Spread %88.7879.29100.9390.7397.55
Gamma HHI0.510.190.710.190.71
Net GEX-9.3K-180.1K184.7K4.3K153.3K
Net DEX-770.3K-3.1M1.7M-185.9K-3.1M
Net VEX-11.1K-16.4K-3.2K-3.2K-13.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.190.0051.0019.420.55
Total Volume139.8147938817
Total OI1,2743471,8523471,268

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$86.00$90.0048.0%13.8%30.9%50.6%51.2%4.0%-14.5%4.3K-185.9K-3.2K19.4290.7319369138209
2021-05-04$84.84$85.0030.2%8.7%30.5%13.4%31.2%3.0%-2.4%-98.6K286.6K-4.3K6.9899.5654377161571
2021-05-05$85.78$85.0028.5%8.2%30.2%10.2%27.3%-0.7%4.4%-64.6K-40.7K-4.7K0.14100.9310214210577
2021-05-06$85.68$85.0029.0%8.4%30.1%11.3%0.0%2.0%0.5%-83.5K-140.2K-5.9K0.0079.2901269590
2021-05-07$85.07$75.0027.2%8.2%30.1%7.4%28.4%4.9%1.3%-78.3K-98.4K-5.8K1.0383.223132275590
2021-05-10$83.26$85.0028.5%9.1%30.8%10.2%30.6%5.3%-4.8%-133.4K365.5K-6.5K0.1885.0812523301620
2021-05-11$81.75$85.0034.8%9.2%31.2%24.0%25.6%5.1%-0.4%-149.4K735.6K-7.8K6.0784.921485397632
2021-05-12$77.73$85.0034.0%9.7%35.1%22.1%35.9%10.7%0.5%-115.9K1.6M-6.7K1.8584.43168311409558
2021-05-13$78.90$85.0033.9%9.7%35.4%21.9%41.3%4.4%0.7%-180.1K1.7M-10.9K0.0586.6334416565824
2021-05-14$81.89$85.0031.6%9.1%38.6%17.1%33.2%5.3%0.1%-75.2K-475.6K-15.7K0.8984.512724905838
2021-05-17$81.62$85.0033.3%9.5%38.6%20.6%32.6%5.5%0.4%-91.4K-293.4K-15.1K0.7284.991813931842
2021-05-18$81.89$85.0032.8%9.4%38.6%19.6%31.4%5.7%-1.7%-90.1K-496.5K-15.1K51.0083.15151949855
2021-05-19$83.12$85.0032.4%9.3%38.8%18.7%34.1%4.1%2.3%-18.4K-1.2M-16.4K27.0081.81127950902
2021-05-20$84.34$85.0031.0%8.9%39.1%15.7%31.6%0.9%3.6%49.1K-1.4M-16.3K1.8888.881630949886
2021-05-21$84.53$85.0029.9%8.6%37.8%13.4%29.7%4.3%1.6%135.9K-2.1M-15.4K4.8088.34524954882
2021-05-24$86.00$85.0028.6%8.2%38.5%10.4%28.6%3.3%1.1%161.3K-2.5M-15.2K13.0088.20113886496
2021-05-25$85.55$85.0028.6%8.2%38.4%10.4%27.8%4.1%1.1%160.2K-2.3M-15.1K0.6293.882918887509
2021-05-26$87.47$85.0027.8%8.0%39.5%8.7%26.2%-4.5%2.3%184.7K-2.9M-15.8K0.0094.693930902525
2021-05-27$88.46$85.0025.8%7.4%39.8%4.4%0.0%2.1%2.5%143.7K-2.8M-13.1K0.5094.8721743525
2021-05-28$89.19$85.0026.7%7.7%29.9%6.4%27.8%2.6%1.1%153.3K-3.1M-13.0K0.5597.55116742526