FN Options History — November 2021

In November 2021, FN traded between $98.29 and $121.71. ATM implied volatility averaged 31.8%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 16.0% (HV 20d: 47.8%). Max pain ranged from $85.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.26.

Notable Days

2021-11-02: Highest Volume — 882 contracts
2021-11-03: Largest IV drop — 22.7% change
2021-11-01: Highest IV Rank — 50.0%
2021-11-01: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$115.55	$98.29	$121.71	$98.29	$111.12
Max Pain	$94.29	$85.00	$100.00	$85.00	$95.00
ATM IV	31.8%	27.0%	45.4%	45.4%	39.9%
Expected Move	9.0%	7.7%	13.0%	13.0%	11.4%
HV 20d	47.8%	28.9%	49.8%	28.9%	49.4%
HV 60d	37.7%	31.6%	40.3%	31.6%	37.0%
IV Rank	22.2%	12.4%	50.0%	50.0%	38.8%
IV Percentile	41.0%	17.5%	92.5%	92.5%	82.9%
Term Structure	-0.2%	-10.0%	4.9%	-8.2%	-3.3%
VWIV	32.2%	27.9%	48.2%	48.2%	41.6%
Skew 25d	1.3%	-9.3%	7.9%	4.4%	7.9%
Skew 10d	3.5%	-14.2%	19.8%	16.0%	12.4%
Call IV 25d	33.2%	26.6%	47.1%	46.3%	36.6%
Put IV 25d	34.5%	25.5%	50.7%	50.7%	44.5%
Bid-Ask Spread %	86.26	72.46	99.30	72.46	94.43
Gamma HHI	0.25	0.20	0.34	0.25	0.22
Net GEX	141.3K	94.8K	225.5K	97.7K	97.7K
Net DEX	-5.5M	-7.9M	-1.8M	-2.1M	-1.9M
Net VEX	-8.2K	-9.5K	-6.6K	-6.6K	-7.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.08	0.37	0.18	0.15
Total Volume	319.429	234	882	320	367
Total OI	825.286	517	997	633	521

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
2021-11-01	$98.29	$85.00	45.4%	13.0%	28.9%	50.0%	48.2%	4.4%	-8.2%	97.7K	-2.1M	-6.6K	0.18	72.46	271	49	538	95
2021-11-02	$109.87	$85.00	36.5%	10.5%	49.6%	31.8%	34.8%	3.6%	-10.0%	184.0K	-5.9M	-8.3K	0.08	89.00	818	64	776	112
2021-11-03	$115.71	$85.00	28.2%	8.1%	49.1%	14.9%	28.5%	-3.1%	2.8%	167.8K	-6.9M	-8.8K	0.20	93.94	335	68	805	135
2021-11-04	$117.14	$95.00	33.6%	8.3%	49.0%	25.8%	27.9%	5.3%	-0.4%	172.9K	-7.2M	-9.5K	0.24	78.43	286	68	842	131
2021-11-05	$120.32	$95.00	33.0%	8.6%	49.1%	24.6%	30.6%	1.4%	-1.6%	162.4K	-7.8M	-9.3K	0.24	76.33	293	69	841	132
2021-11-08	$119.77	$95.00	31.5%	8.7%	49.3%	21.7%	30.8%	-0.0%	-1.5%	149.8K	-7.8M	-8.9K	0.36	80.41	192	69	842	131
2021-11-09	$119.77	$95.00	31.1%	8.8%	48.7%	20.8%	31.7%	3.1%	-0.2%	143.3K	-7.7M	-8.7K	0.36	77.43	184	67	840	131
2021-11-10	$117.94	$95.00	29.7%	8.5%	49.3%	17.9%	31.7%	2.9%	-0.2%	164.7K	-7.2M	-8.8K	0.37	80.35	180	66	836	131
2021-11-11	$120.78	$100.00	28.2%	8.1%	49.5%	14.9%	28.7%	-3.1%	1.8%	147.8K	-7.7M	-8.5K	0.34	85.02	193	66	833	136
2021-11-12	$121.71	$100.00	29.9%	8.6%	47.2%	18.3%	29.6%	2.7%	1.2%	132.4K	-7.9M	-8.6K	0.32	82.95	211	67	837	136
2021-11-15	$119.02	$100.00	28.2%	8.1%	48.4%	14.8%	29.9%	1.9%	0.3%	160.0K	-7.5M	-8.7K	0.27	83.09	249	66	854	137
2021-11-16	$118.24	$95.00	29.4%	8.4%	48.5%	17.2%	30.7%	2.5%	-0.3%	151.5K	-7.3M	-8.4K	0.29	85.33	237	69	857	140
2021-11-17	$117.74	$95.00	28.7%	8.2%	48.7%	15.9%	30.0%	1.5%	2.9%	142.9K	-7.1M	-8.5K	0.29	85.02	237	69	850	140
2021-11-18	$115.75	$95.00	30.1%	8.6%	49.5%	18.8%	29.6%	2.4%	0.6%	225.5K	-6.6M	-8.2K	0.31	89.98	225	70	848	140
2021-11-19	$115.77	$95.00	28.5%	8.2%	47.8%	15.4%	29.1%	0.5%	0.8%	124.2K	-6.6M	-7.8K	0.33	85.85	224	73	831	141
2021-11-22	$116.60	$95.00	28.1%	8.0%	47.8%	14.5%	28.0%	1.8%	4.9%	122.1K	-2.7M	-7.8K	0.21	95.34	194	40	462	65
2021-11-23	$115.78	$95.00	27.0%	7.7%	47.6%	12.4%	30.9%	-9.3%	4.7%	115.9K	-2.5M	-7.6K	0.23	92.66	198	45	452	65
2021-11-24	$114.22	$95.00	31.7%	9.1%	47.4%	22.0%	32.8%	6.0%	1.5%	112.0K	-2.3M	-7.6K	0.23	88.74	198	45	458	65
2021-11-26	$110.41	$95.00	33.9%	9.7%	49.8%	26.5%	34.0%	2.2%	1.2%	94.8K	-1.9M	-7.1K	0.23	99.30	198	45	458	65
2021-11-29	$110.56	$95.00	35.3%	10.1%	49.8%	29.4%	37.0%	-6.3%	-0.3%	98.1K	-1.8M	-6.9K	0.23	95.32	198	45	457	65
2021-11-30	$111.12	$95.00	39.9%	11.4%	49.4%	38.8%	41.6%	7.9%	-3.3%	97.7K	-1.9M	-7.1K	0.15	94.43	320	47	456	65