FN Options History — January 2022

In January 2022, FN traded between $105.94 and $123.09. ATM implied volatility averaged 42.8%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 14.2% (HV 20d: 28.6%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.88.

Notable Days

2022-01-31: Highest Volume — 478 contracts
2022-01-12: Largest IV spike — 40.0% change
2022-01-31: Highest IV Rank — 100.0%
2022-01-31: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$115.41	$105.94	$123.09	$121.36	$112.20
Max Pain	$114.00	$110.00	$115.00	$110.00	$110.00
ATM IV	42.8%	30.4%	58.7%	33.0%	58.7%
Expected Move	12.8%	9.1%	16.8%	9.5%	16.8%
HV 20d	28.6%	23.2%	35.3%	29.1%	35.3%
HV 60d	36.9%	31.1%	39.4%	36.9%	31.1%
IV Rank	47.2%	19.4%	100.0%	24.7%	100.0%
IV Percentile	76.5%	39.3%	100.0%	49.2%	100.0%
Term Structure	-5.5%	-13.1%	6.2%	6.2%	-13.1%
VWIV	48.8%	36.6%	62.3%	44.7%	59.0%
Skew 25d	3.0%	-2.8%	8.6%	6.2%	3.7%
Skew 10d	10.6%	-1.4%	30.0%	26.3%	6.3%
Call IV 25d	45.7%	26.5%	59.1%	29.2%	59.1%
Put IV 25d	48.7%	30.7%	62.7%	35.3%	62.7%
Bid-Ask Spread %	80.54	64.44	98.45	98.45	71.02
Gamma HHI	0.34	0.28	0.61	0.28	0.31
Net GEX	74.6K	-128.4K	159.7K	115.6K	50.1K
Net DEX	-2.0M	-3.3M	-512.7K	-3.0M	-1.1M
Net VEX	-7.8K	-9.9K	-5.9K	-7.8K	-8.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.47	1.31	0.54	0.65
Total Volume	217.8	111	478	284	478
Total OI	635.25	338	772	664	467

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
2022-01-03	$121.36	$110.00	33.0%	9.5%	29.1%	24.7%	44.7%	6.2%	6.2%	115.6K	-3.0M	-7.8K	0.54	98.45	184	100	480	184
2022-01-04	$123.09	$110.00	31.6%	9.1%	28.7%	21.8%	36.6%	4.2%	2.7%	131.5K	-3.3M	-7.3K	0.47	97.49	219	104	470	184
2022-01-05	$120.27	$110.00	31.7%	9.1%	28.9%	22.0%	51.4%	5.3%	5.9%	130.0K	-3.1M	-8.8K	0.90	97.08	118	106	513	194
2022-01-06	$120.30	$115.00	30.4%	11.4%	28.1%	19.4%	37.9%	4.2%	-3.5%	136.9K	-3.1M	-9.9K	1.01	80.94	116	117	541	208
2022-01-07	$121.10	$115.00	30.4%	11.6%	27.3%	19.4%	42.1%	2.1%	-4.8%	148.0K	-3.3M	-9.4K	0.98	74.45	119	117	540	208
2022-01-10	$118.97	$115.00	34.5%	11.5%	28.2%	27.8%	43.8%	-2.3%	-7.0%	130.3K	-2.9M	-9.1K	0.98	64.44	119	117	540	210
2022-01-11	$119.89	$115.00	30.4%	11.6%	26.9%	19.4%	46.9%	4.6%	-7.3%	159.7K	-3.1M	-8.8K	1.11	67.48	109	121	539	210
2022-01-12	$120.34	$115.00	42.6%	12.2%	26.9%	44.3%	42.5%	-0.7%	-7.2%	142.5K	-3.1M	-8.8K	1.29	68.47	95	123	539	215
2022-01-13	$117.95	$115.00	40.6%	11.6%	26.8%	40.2%	45.5%	-2.6%	-6.1%	131.3K	-2.5M	-8.6K	1.29	77.87	95	123	538	217
2022-01-14	$118.43	$115.00	40.8%	11.7%	23.2%	40.5%	44.9%	4.7%	-6.4%	144.6K	-2.6M	-8.3K	1.31	80.82	93	122	538	217
2022-01-18	$114.35	$115.00	42.7%	12.2%	26.6%	44.5%	48.4%	0.1%	-4.3%	63.4K	-1.8M	-7.3K	0.85	78.33	85	72	538	216
2022-01-19	$110.95	$115.00	44.6%	12.8%	28.2%	48.4%	46.7%	2.3%	-6.6%	-128.4K	-635.5K	-6.6K	0.73	78.39	94	69	539	233
2022-01-20	$111.97	$115.00	44.3%	12.7%	27.5%	47.9%	47.0%	8.6%	-9.4%	-65.2K	-935.5K	-6.5K	0.71	81.14	98	70	524	221
2022-01-21	$113.35	$115.00	49.1%	14.1%	27.5%	57.7%	52.0%	3.9%	-8.3%	20.0K	-1.4M	-6.5K	0.70	80.72	102	71	524	227
2022-01-24	$114.50	$115.00	49.6%	14.2%	27.6%	58.7%	52.0%	4.5%	-6.1%	47.1K	-984.4K	-6.2K	0.88	82.23	59	52	262	76
2022-01-25	$108.72	$115.00	54.5%	15.6%	30.6%	68.8%	58.2%	6.7%	-10.5%	32.8K	-602.5K	-6.1K	1.05	83.11	57	60	262	91
2022-01-26	$105.94	$115.00	55.0%	15.8%	31.4%	69.8%	57.6%	3.5%	-7.9%	30.6K	-512.7K	-5.9K	0.71	88.74	105	75	268	92
2022-01-27	$106.02	$115.00	58.3%	16.7%	31.1%	84.3%	62.3%	4.4%	-8.3%	34.0K	-603.6K	-7.6K	0.67	82.57	112	75	322	114
2022-01-28	$108.40	$115.00	53.4%	15.3%	32.4%	85.4%	55.8%	-2.8%	-8.9%	37.7K	-723.4K	-7.9K	0.65	76.98	124	81	328	116
2022-01-31	$112.20	$110.00	58.7%	16.8%	35.3%	100.0%	59.0%	3.7%	-13.1%	50.1K	-1.1M	-8.4K	0.65	71.02	289	189	343	124